...any other major newspaper or weekly publication and select a single article or articles that (1) either report on interesting economic news that can be analyzed by the concepts or models taught in this course or (2) discusses one or more economic issues related to the concepts or models taught in this course. It is OK to use an online economics news article. Write a three to four page essay analyzing the topic or critique the article from economic perspectives. Essay must be typed and double-spaced, (Times New Roman, font 12). The questions that you may address in this essay may include, but are not limited, to the following: * What is the main economic issue? * How is the economic issue related to the concepts or models that you have learned from this course? * What sorts of arguments/opinions have been discussed? * Do you agree or disagree with the analyses/opinions? Why? * What argument would you, as an economist, make? The following is a suggested list of topics. This list is not exhaustive. INDUSTRY STUDY. For a specific industry, choose a current issue such as deregulation, foreign competition, and the impact of new technologies, mergers/takeovers, changing methods of competition, labor problems, or financial changes. COMPANY STUDY. Study the recent growth or decline of a particular company or its current position. This topic might include such points as the market structure within which the company grew and now operates, the elasticity...
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...ECO 100 – Principles of Economics COURSE DESCRIPTION Presents a survey of basic macro- and microeconomic principles and concepts. Reviews the economic dynamics of market forces affecting competition, different economic systems, the role of government in the economy, and economic aspects of international trade. Discusses the labor market, interest rates and the supply of money, and performance of a national economy. Examines the use of economics in business decisions, considering such principles as opportunity costs, diminishing returns, and the marginal principle. INSTRUCTIONAL MATERIALS Required Resources O'Sullivan, A., Sheffrin, S., & Perez, S. (2012). Survey of economics: Principles, applications, and tools (5th ed.). Upper Saddle River, NJ: Pearson-Prentice Hall. MyEconLab book key Note: This book key comes with the purchase of a new textbook and is needed in order to access MyEconLab. Supplemental Resources Aaronson, D., Mazumder, B., & Schechter, S. (2010). What is behind the rise in long-term unemployment? Economic Perspectives, 34(3/4), 28-51. Andreyeva, T., Long, M. W., & Brownell, K. D. (2010). The Impact of Food Prices on Consumption: A Systematic Review of Research on the Price Elasticity of Demand for Food. American Journal of Public Health, 100(2), 216-22 Heyne, P., Boettke, P. J., & Prychitko, D. L. (2010). The economic way of thinking. (12th ed.). Upper Saddle River: Pearson-Prentice Hall. High, J. (2011). Economic Theory and the Rise of Big Business in...
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...She does an excellent job of critically analyzing the issues at hand with sexual commerce in Canada, but she doesn’t specifically state which side she is on. The weight of her words backs the fact that there are many things that are unfair about the current situation, and many things that needed to be changed. She discussed much about Canada being the free trade market, and draws comparisons to selling sex as the same to anyone selling their time for work (Davies, 2015). The authors study on this would be from the social conflict theory perspective, as this there are many different opinions, and laws that need to be modified in relation to this conflict (Macionis et al, 2016). The author does a great job of presenting all sides to this argument, and backs up her statements with plenty of references. The way in which this article has been wrote appears to not show much biases, and backs up this research as credible. She also explains in details the current legislation within the Canadian Criminal Code that is written about sexual commerce, and breaks down all aspects of the new Bill C-36 The Protection of Communities and Exploited Persons Act (Davies, 2015). The article is backed up with plenty of evidence, and research from many different groups. She also makes sure that all sides to the argument have strengths in their evidence. The authors main source of evidence is the analysis of pre-existing research....
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...The work is devoted to the analyzing of integration processes in the post –Soviet space and the prospects of their development. The study focuses on three main issues: first, the trends of economic integration between post-Soviet countries, second, problems of countries within the integration and third, prospects for the deeper integration and economic growth. The study applied both quantitative and qualitative methodologies, involved multiple sources of data, including financial reports, other official documents and scientific articles. The purpose of the research is to evaluate the current state of integration processes and their prospects in the post-Soviet. The following tasks are dealt with in the paper: 1) To describe the notion of regional integration as one the main tendency of the modern economy 2) To define the factors and the main stapes towards economic integration in the post-Soviet space 3) To analyze the results of regional organizations and estimate their effectiveness Accordingly, the paper falls into three chapters, each of them covers important aspects, which are considered and described in detail. The first chapter deals with the defining of the main forms of integration, the reasons and the stapes in the post-Soviet integration. The second chapter deals with analyzing of the activity of The Commonwealth of Independent States and The Eurasian Economic Union. The third chapter focuses on the estimation of the effectiveness of the Customs Union...
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...cell phones and the impact they have on current economic trends and realities on politics, the workplace and the quality of individual lives. There are two brands of cell phones that are almost identical except for some minor features and they are the A-Phone and the Pomegranate. First off the pomegranate is a mobile phone concept that became a viral mock campaign funded by the government of Nova Scotia in order to build interest in the small Canada province. The functionality or features of the fake device has gradually been introduced partially into mobile phones over the years since the inception of the marketing campaign but despite the farce, it has been a successful campaign as it has drawn over 3 million visits from various countries. The A- minus phone otherwise known as a cell phone is an electronic device which is wireless that is used to make phone calls in addition to having multimedia functions or features. These phones gain signals from their respective cell phone towers or borrow signals from other affiliated towers in order for their consumers to make calls either indoors or outdoors. In the previous discussion board we learned what the laws of supply and demand in relation to medical field but the law is a major subject of study in the field of economics as the concept applies to all industry fields. From what we understand, for a market to function, producers must supply the goods that consumers want while analyzing how prices are set for the sale of goods...
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...“Analyzing Myanmar Higher Education Policy in Meeting Labor Market Demand” Introduction 1.1 Justification In every society, higher education plays a strategic role in creation and distribution of intellectual capacity. Since the late twentieth century, the impacts of globalization and increasing role of knowledge generate both challenges and opportunities for higher education, especially in developing economies. Capacity to participate in knowledge based economy requires qualified human resources. In order to catch up with the high level information and communication technologies, many economies have made efforts to upgrade their higher education respectively. Higher education plays as indispensable role in creating and supplying...
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... PRINCIPLES OF MICRO-ECONOMICS COURSE OUTLINE – FALL 2012 CREDIT HOURS DURATION DEPARTMENT COURSE LEVEL RESOURCE PERSON OFFICE HOURS E-MAIL 3 17 weeks Finance and Business Economics Division Core Prof. Taimoor Qureshi By Appointment taimoor.qureshi@ucp.edu.pk COURSE DESCRIPTION Principles of Microeconomics is an introductory course that teaches the fundamentals of microeconomics. This course introduces microeconomic concepts and analysis, supply and demand analysis, theories of the firm and individual behavior, competition and monopoly, and welfare economics. Students will also be introduced to the use of microeconomic applications to address problems in current economic policy throughout the semester. COURSE OBJECTIVES After studying this course the students should be able to: Understand the basic concepts of the subject. Understand the application of the tools of demand and supply for efficient resource allocation and profit maximization. Identify core economic issues related to business firms. Comprehend the benefits of market efficiency. GRADING PLAN TYPE Quizzes Assignments Final Projects Midterm examination Final term examination Total PERCENTAGE (%) 10 10 10 30 40 100 CALENDER OF ACTIVITIES WEEK 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 CONTENTS TASKS/ACTIVITIES Introduction to Economics • Basic Concepts – I Class Introduction Introduction to Economics • Basic Concepts – II ...
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...Kudler Fine Foods Marketing Research Shakila Fryer MKT/421 r12 University of Phoenix May 11, 2012 Kudler Fine Foods Marketing Research Developing an effective marketing strategy is very important for Kudler Fine Foods (KFF) to succeed in today’s changing economy. To create an effective marketing strategy, careful research of competitor intelligence and future economic growth is applied to eliminate barriers in expanding services and improve customer satisfaction. Kudler Fine Foods continually generate exceptional customer service while providing gourmet groceries for their target market; but additional research is required to successfully maintain customer loyalty while reaching the organization’s future objectives. History of Kudler Fine Foods Kathy Kudler opened her first Kudler Fine Foods gourmet grocery market in 1998. In search of high-end consumers and the necessity of gourmet foods, Kathy decided place this market in La Jolla, California ("Kudler Fine Foods", 2012.) This establishment has created a need for consumers in this area to desire and crave gourmet foods. By generating a necessity for gourmet foods, Kudler Fine Foods created a marketing mix that has allowed her to incorporate more stores in the surrounding areas. Kudler Fine Foods provide fine meats, produce, cheeses, and wines to those consumers in search for delicate organic produce. In providing this culinary experience Kudler Fine Foods hopes to provide premiere gourmet grocery stores to...
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...construction but the company’s high percentage of sales in the repair business have protected the company from economic downturns. Despite the health of the company, Mr. Clarkson is seeking to increase the company’s borrowing. Clarkson Lumber Company is experiencing a shortage of cash as a result of an increase in accounts and notes payable over the last two years. In 1994, Mr. Clarkson bought out his partner, Henry Holtz, for a $200,000 note. The note was to be paid off in 1995 and 1996 and it carried an interest of 11% that consisted of semi-annual payments of $50,000 beginning June 30, 1995. Additionally, Mr. Clarkson was unable to capitalize on purchase discounts of 2%, if the payments were made within 10 days, but luckily suppliers did not seem to mind if payments lagged beyond the 30 day agreement. The buyout of Mr. Holtz and the increase in working capital from expanded sales limited his ability to take purchase discounts and increased his accounts and notes payable. As we can observe from the company’s balance sheet, the total liabilities increased 92.5% from 1994 to 1995. Mr. Clarkson is seeking to secure a $750,000 loan from Northrup National back to help supplement his limited cash flow. The loan will help pay the outstanding notes payable and provide enough money to make necessary working capital investments to fuel his expanded sales. If the current trajectory of company sales continues for several years,...
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...SYNOPSIS FOR TERM PROJECT TITLE Analyzing economic aspect of business environment with respect to the Power Sector. STATEMENT OF THE PROBLEM The main problem to study is how the power sector deals with various economic aspects of the business, as well as reviewing the key strategic business decisions undertaken so far to deal with emerging problems. AIMS OR OBJECTIVES Following are the main aims of our study- 1. To analyze the economic efficiency in face of emerging sustainable energy sources. 2. To study and understand the various economic models/ theories being used such as the supply constraints, problem of excess demand, government regulations and price subsidization etc. 3. Isolating relevant elements of problems occurring in power sector and consequently develop a managerial model wherein decision making tools (such as regression etc.) can be applied. REVIEW OF LITERATURE We did an extensive search on the main problems that we would be studying under our project, as well as the main aim of our study. Thus, the following journals and discussion papers were primarily referred to, namely * "Economic Policy and Regulatory Initiatives to Address Technical Challenges in the Indian Power Sector", Directions, 2006, Research Magazine of IIT Kanpur * "Policy Environment and Regulatory Reforms for Private and Foreign Investment in Developing Countries: A Case of the Indian Power Sector", 2007, pp 76, Discussion Paper No: 64, Asian Development Bank...
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...Kyle Johnston ECO 443 Professor Hall International Finance The Federal Reserve System Transparency I feel strongly that The Federal Reserve System (FED) should be less transparent in economic policymaking. It has been proven that greater transparency is beneficial, allowing for more accountability of the leaders in central banking system in being committed to its decisions on policies and their interpretations of policy changes. Central Banks such as Sweden’s Riksbank and Britain’s Bank of England have adopted an extremely transparent monetary policy called inflation targeting . However, greater transparency leads to conformity. This concept dates back to US Constitutional Convention. “James Madison emphasized that full publicity would have made members more reluctant to express their true opinions freely. Madison saw secrecy as having...
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...Business Analysis 11 By Gloria Rodriguez MTG/521 December 5, 2011 Analyzing a business environment like Chevron’s is important, so that investors can determine if Chevron is a company one can invest in. Researching a company’s business environment is helpful to further secure business decisions. Careful consideration must be taken, and a closer review of historical financial statements is suggested to determine the company’s financial health. One way to determine a company’s health is by reviewing a company’s business environment, analyzing a company’s income statement, balance sheet, and statement of cash flows. Chevron is known to be one of the top profitable Fortune 500 Company. A recent SWOT analysis was completed determining Chevron as good company to invest in. Although, Chevrons SWOT was determined successful the mutual fund manager has to determine if the company is also successful in his or her their finances. There are five areas in a company’s business environment. The five areas of a business environment are economic, technical, competitive, social, and global business. Nickels, McHugh, and McHugh (2010) “Business environment consists of the surrounding factors that either help or hinder the development of businesses.” Businesses surrounded by a stable business environment can function successfully. Businesses that focus on their business environment closely can to make changes accordingly. Nickels, McHugh, and McHugh (2010) “Businesses normally can’t control;...
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...Before the conclusion is stated the last point in this paper will cover how critical thinking is used in my current position. Critical Thinking Explained Critical thinking is the introspectively and orderly method of cleverly and vigorously applying, synthesizing, analyzing, conceptualizing, and classifying information collected from, or produced by, reasoning, experience, observation, reflection, or communication, as a compendium to action and belief. In its ideal form, it is based on global intellectual principles that go beyond the matter of which a thing is formed: accuracy, clarity, consistency, precision, sound evidence, relevance, depth, good reasons, fairness, and breadth. Critical thinking also involves the exploration of these elements and or structures of understanding in all purpose, assumptions, concepts, problems, or question-at-issue, concepts, reasoning leading to conclusions, empirical grounding, consequences and implications, objections from alternative viewpoints; and frame of reference. Critical thinking is being proactive to different issues, purposes, and subject matter in which it is included in a wide variety of thinking, among them: mathematical thinking, scientific thinking, anthropological thinking, historical thinking, moral thinking, economic thinking, and philosophical thinking. Example / Importance / Benefits Trying to dissect an issue or problem is more than just critical thinking, it requires one to lay out all of the variables and options...
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...MGT/230_ Wk3_Management Planning MGT/230 April 15, 2013 Management Planning As today’s leading energy company, British Petroleum, PLC (BP) has been thriving to satisfy the investors with legal, ethical, and social responsibility issues as a corporation while protecting employees and environment. The global economy has been fluctuating rapidly since the last tragic incident that happened in 2010; therefore, now is the time to evaluate the organization’s management planning function, analyze the influence that have had on management planning at BP, and analyze the factors that influence the company’s strategic, tactical, operational and contingency planning. Planning Function of Management The board of directors have played valuable role in both planning and decision making process at BP since the incident in 2010. Although BP had fully engaged to solve the issues from the incident by using top level skills and taking appropriate measures, the lesson BP learned was, in such a painful manner, that there are substantial financial risk accompany poor decisions and planning which was losing $30 billion, according to Marianne M. Jennings (Jennings, 2010). Therefore, BP plc is adopting a new basic planning process that was introduced by Bateman and Snell: situational analysis, alternative goals and plans, goal and plan evaluation, goal and plan selection, implementation, and monitor and control that moves not just in one direction, but in a cycle (Bateman & Snell...
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...I. Big data emerging factor in IT area A. World’s notice for big data An appearance of tablet PC and social media was the hottest issue in IT market in last year. There are some successful global companies that go along the trends although it is not that long period since they appeared in the world, such as Apple, Google, Facebook, and Twitter. They have something in common. That is, they are based on ‘Big Data’ technology. As a result of using ‘big data’, the amount of stored data by their big data system during 2012 is much more than that of data which had been produced and stored until 2011. It helps to solve several problems in the company. Due to the geometrical increase of the amount of data, the important of big data will be continuous. Big data is selected as one of noticeable keyword in 2013 IT area with mobility, social, and cloud. It will be main factor of growth of IT infrastructure in the medium to longer term and is expected to provide new strategic superiority for many companies. It is highly acclaimed at the domestic market and also the foreign market. Several successful cases of applying big data shows that it can be positive factor helping to recover global economy. Moreover, it is not limited to IT-related business but the introduction in various areas will create value. B. Background of emerging big data In fact, there are many efforts to extract meaningful information through collection and analysis of huge amount of data. Through this effort...
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