Political Economy Case Studies Samples For Students

REVIEW OF THE ARTICLES

Behavioural Economics has made its way in the economic decision making. Considerable research has been done in the context. This paper develops review of the three articles developed with respect to field of study conducted to develop and ascertain the role of Behavioural sciences in economics. Articles that have been reviewed are as follows:
- Simon, Herbert A. (1978) “Rational Decision‐Making in Business Organizations.” Novel Prize Lecture
- Rabin, Matthew. (1998). “Psychology and Economics,” Journal of Economic Literature, 36, 11‐46. [36 pages]
- Thaler, Richard H. (2000). “From HomoEconomicus to Homo Sapiens,” Journal of ...

REDD+ in Kenya

Introduction

The prevalence of deforestation and massive degradation of forests from around the world are considered as one among the primary root of global warming. According to reports, the destruction of forests accounts for about 15 percent of greenhouse gas emissions that occur globally (Forest, 2015), and it was found that deforestation are generally caused by factors that motivate people to clear the forests (Chakravarty, 2012). As a means to combat the problem on global emissions, the REDD+ was created with the goal to reduce the impact of the environmental degradation as well as to foster activities ...

Step 1: Identify Ethical Issues

In this scenario, a clothing company is determining whether or not it is right to source from an Asian manufacturing company. The following ethical issues are identified:
The factory is shown to work the employees long hours, with very low pay compared to America. However, the workers claim that they are very grateful for the jobs that are given to them.

Is it fair to work employees so much for so little, even if they are satisfied by it?

Threads with Style is dedicated to social responsibility as well as profitability. The basic pay of the workers might be low, however it would be better if some form of benefit was given. Although the workers are paid ...

In the context of international trade, the term “Covered Interest Rate Parity” implies to the situation in which there exists equilibrium between interest rates and forward and spot currency values of two economies. Consequently, there are no opportunities for arbitrage between these two currencies. As an illustration, consider nation A, whose currency is trading at par with nation B’s currency, (Robert, 2005, pp. 21-6). However, the rate of interest in A is 5% while in B is 2%. Ceteris paribus, it would be beneficial to borrow currency of nation B, change it in the spot market to the ...