Samples Economics

Economics Essays

Hospitals in the United States are aware that in order to improve patient outcomes and avoid errors, quality and operation efficiency need to be improved. Preventable errors were responsible for almost $20 billion in additional costs to hospitals in 2008 (Andel et al., 2012). Increased instances of hospital-associated infections such...

1024 words 4 page(s)

DiLorenzo’s opinion on government-funded projects does have some bias, but it is important to recognize that the opinion has a tremendous amount of merit, too. He operates from the default position that assigns negative connotations and intentions to those who are operating within the government context. This includes politicians and...

298 words 1 page(s)

Throughout the course of this assignment, the relationship between marginal revenue and marginal cost will be explained and the importance of these concepts for profit maximization will be outlined. The total revenue to total cost and marginal revenue to marginal cost approaches will be described and the nature of Company...

650 words 3 page(s)

The debate between the supporters of capitalism and socialism has been going on for centuries and it was the primary factor behind the Cold War. The victory of U.S. in the Cold War as well as the relatively superior performance of capitalist countries has lend credibility to capitalism but the...

688 words 3 page(s)

In order to combat economic recessions and stimulate economic recovery, monetary policy is normally invoked as the tool of choice by the Federal Reserve to move toward restoring the country’s recovery. In the short run, monetary policy is expected to have an effect on aggregate demand by increasing the demand...

1024 words 4 page(s)

Minimum legal wage is defined as the lowest amount of pay a worker must take home for performing work. It is not legal to pay a worker less than minimum legal wage after this minimum legal wage is set by contract or government legislation. The minimum legal wage laws of...

1066 words 4 page(s)

The major macroeconomic goals of the United States are to maintain low inflation and low unemployment, and this is one of the major jobs of the Federal Reserve, which strives to achieve low inflation and low unemployment simultaneously (Mankiw 2010, 463). This is an ideal scenario because lower unemployment means...

336 words 2 page(s)

In the history of macroeconomics, the figure of John Maynard Keynes remains one of the most prominent ones. Likewise, the Keynesian model of economics presents an interesting perspective on the complex economic process and the role of government in them. Since the 1930s, the model of the economy proposed by...

1132 words 4 page(s)

The Notes to the Financial Statements cover a variety of topics and for the purposes of this study are divided into three parts. First, the risk factors section details the ways that macroeconomic risks could adversely impact future results of operations. If there is a downturn in the economy, discretionary...

804 words 3 page(s)

Since the 2008 recession, the United States government continues to recover financially at a slow pace. Presently, the unemployment rate in the United States is 7.6%. Although the number of unemployed throughout the United States continues to decrease, multiple variables continue to affect the unemployment rate. This month alone, the...

658 words 3 page(s)

Macroeconomics and Microeconomics are both topics relating to the economy. Although their studies and research finds results for different aspects of this large general topic, economics, macroeconomics and microeconomics are interdependent of one another. Macroeconomics is a global or “big picture” view of the economy, whereas microeconomics studies specific decisions...

865 words 3 page(s)

Economy Editorial Response One of the major policy differences between Republicans and Democrats has been the tax rates that should be levied on high-income earners, especially those for whom the bulk of income comes from investments. Democrats and especially President Obama oppose Bush-era tax cuts and call them unfair and...

638 words 3 page(s)

In the last quarter of 2012, the macroeconomic situation was shaped by two major factors that has led to these current events. (CEB 2013) The two major problems is politics in particular, the debt ceiling and the fiscal cliff. The economic growth at the end of 2012 was -0.1 percent,...

698 words 3 page(s)

Question #1 Priceline, Amazon, eBay, and Groupon make their money online through charging transaction fees to customers and sellers. Priceline’s business model is to allow customers to name their own price to sell unsold hotel rooms and seats on flights for those companies that utilize their services. Amazon receives most...

892 words 3 page(s)

An article in Bloomberg argues that the financial auditing sector in the U.S. is an oligopoly and it imposes unnecessary costs on the businesses. The article expresses several concerns about the current state of the financial auditing industry and how these opinions are shared by several observers. The first concern...

667 words 3 page(s)

Economics strategy is a unique perspective on the topic of economics, serving to address the field of economics through the guise of strategy, looking at where things have stood in the past and where things stand in the present in order to review the possible outcomes for the future. Economics...

621 words 3 page(s)

The Harlem Renaissance was a massive cultural movement that swept the black community from 1919 until the mid-1930s in the United States. This movement saw incredible amounts of music, literature, poetry and theater emerge from the African-American community, particularly in Harlem, New York. While the United States had seen trickles...

309 words 2 page(s)

Abstract The last two decades has been characterized with increased inequality in the incomes. The gap between the rich and the poor continues to increase with each passing day. Economic and non economic conditions affect this distribution but despite this various strategies can be put forward to achieve mobility. Introduction...

655 words 3 page(s)

Human resources development is a concept designed to ensure that workforce development occurs in a more effective and efficient manner, “responding to the challenges of the knowledge-based 21st century,” with a specific focus on education, which is “the essential foundation to workforce and economic development” (Blakely & Leigh, p. 298)....

871 words 3 page(s)

Discuss the current economic situation in the U.S. as compared to five (5) years ago. Include interest rates, inflation, and unemployment rate in your explanation. In the last five years, the US economy has continued to make dramatic improvements from the tremendous amounts of uncertainty surrounding the lingering effects of...

1057 words 4 page(s)

Even though it is 2015 now, the year has just started. Thus, this report focuses on the years 2009 and 2014, respectively because 2014 is the last full year so which the economic statistics are available. As far as interest rates are concerned, the effective federal funds rate was 4.24...

973 words 4 page(s)

Summary of the article The financial crisis of 2007/2008 resulted in governments instituting measures to address the problems. The policy changes ranged from bailing some institutions to lowering interest rates (Ivashina & Scharfstein, 2010). The world economy has started to stabilize, but it has become a burden to get to...

637 words 3 page(s)

I admire N. Gregory Mankiw’s ten principles of economics because they take into account both economic theories as well as real world observations. As far as my economic management philosophy is concerned, I believe people respond to incentives but I also believe not all people respond to the same incentives...

338 words 2 page(s)

This paper will provide an outline for what I consider the role of education to be in a capitalist economy. In order to do this, I will consider two essential facets of a capitalist economy and see how they can be seen to be reflected in certain ideas about the...

664 words 3 page(s)

The past decade has seen an increased interest by the international community in corruption that is rampant in the developing economies. Since the introduction of the OECD Anti-bribery Convention in 1998, more than 38 countries have ratified to the convention. The U.S government through the Department of Justice and Security...

439 words 2 page(s)