Essays on Price Index

Economists tend to relate to the subject of research with scientific objectivity (Mankiw, 2015). They develop theories, accumulate evidence and then analyse them in an attempt to prove or disprove the theoretical concepts. The main tools of the economist (and other scientists) are theory and observation, but, in contrast to the natural sciences, in economics it is almost impossible to set up an experiment to confirm or deny a new concept. In order to somehow compensate for the absence of the possibility of carrying out laboratory experiments, economists are paying close attention to natural experiments offered by life. An ...

Austerity Policy Measures in the UK

Introduction The process of putting into place strategic measures with an aim of reducing of deficit and increasing economic growth in the United Kingdom has taken a paradigm shift from various aspects. The government of UK has put deficit reduction measures, which entail a series of strategically sustained reductions in public expenditure, undertaken towards a reduction of the government budget deficit and the UK’s welfare state. The design of this research paper is structured towards assessing the rationale on which the UK’s austerity policy is based with regards to deficit reduction and stimulation of economic growth (Burns, ...

Summary Paper of Research Paper

Analysis to Study Housing Values in Boston Introduction The analysis of company activities, as well as the enactment of its plans, applies the concept of linear regression as the technique of analysis. Boston is a place in England that covers both the Boston Municipality, as well as the metropolitan region (Bluestone et al. 41). The area is famous as Combined Statistical Area, consisting of the Manchester Municipality, the Cape Cod in Massachusetts, the Worcester, the Providence, as well as the South Coast Region. The metropolitan statistical area entails the part of Massachusetts, the south coast region, and the Cape ...

Japanese Economy in the Recent Years

Introduction During the advent of economic downturns particularly in terms of financial crises or bubbles, the usual resort of the government is to rely primarily on its monetary tools alongside expansionary fiscal policies to stimulate the economy. Monetary policies are tools used to deal with inflation, budget deficits, unemployment, incomes, international economic relationships among others. Monetary policies have profound effects on our jobs, incomes, livelihood, and career choices. One of the considerations and is always on the watch in an economy is the behavior of prices of the goods and services. As the law of demand states that with ...

Chapter 3: Methodology

3.0 Introduction The theory of purchasing power parity is essential for the study of international trade since it argues that there exist a relationship between prices of products and exchange rates. This theory provides a framework for assessing long-term changes in the exchange rates. It states that similar goods and services in various countries should have the same cost in the long-run (Frankel 153). Essentially, the PPP theory is based on the assertion that the exchange rates tend to adjust themselves in such a way that there no opportunity costs for buying particular goods or services in a particular ...

Report

Report Nowadays, the basic knowledge of economic principles is crucial for everyone, even for those who are not professional economists. The economy is the mechanism that affect everyone: the probability of find the desirable job, getting mortgage loan in the bank, the amount of rent payments are all variables that are determined by economic processes. The conscious understanding of economics helps policymakers to take appropriate and timely actions; allows firms and investors correctly forecast interest rates, in order to make profitable investments, to the households and individuals to properly plan their savings, to the scientists – develop actual models and ...

Abstract

The US economy thrives on the proper functioning of the monetary policy of the government of the day. Interest rates, inflation and recession are all related and happen to influence proper functions of the government warranting their clear understanding. As a victim of a recent economic recession, a consideration of the role of interest rates on the overall functioning of the economy becomes particularly important. This paper shall seek to understand the concept of interest rates and how they affect the economy of the United States of America. The paper, in doing this, shall consider the causes of the ...

Report for McDonalds

Italy and Russia

Figure 1: GDP per Capita at Constant Prices Figure 2: GDP Growth (Annual %) Figure 3: Inflation Rate CPI Figure 4: Unemployment Rates Figure 5: Policy Interest Rate (%) Figure 6: Russia Interest Rate (%) Figure 7: Current Account Balance in Italy (% of GDP) Figure 8: Current Account Balance in Russia (% of GDP) Figure 9: Russia Interest Rate

List of Tables

BUSINESS OVERVIEW McDonald’s Corporation is the world's largest chain of hamburger fast food restaurants, serving around 68 million customers daily in 119 countries across 36,538 outlets. Founded in 1955 by Ray Kroc in Des Plaines, Illinois, 80% of the ...

McDonalds has come to create a network in both Italy and Russia. Italy seems to have better balance of payment and government balance indices, interest rate, trade policy instruments and not needing to lose over currency rates while dealing with Eurozone importers, and even unemployment and GDP growth rates. However, unemployment and the lack of growth indicating poor economic performance and social welfare situation may advantage the brand in Russia through better low-cost labor availability and consumer reorientation on less expensive restaurant offerings. Overall, neither of the country is the ideal market for the brand, yet both have their ...

Consumer prices are changing over time due to the various factors. In order to compare the economic performance on the different levels it is necessary to establish the specific index pointing out the overall tendency of the changes. The Consumer Price Index is commonly used all over the world. That is why it is important to analyze the main principles of its application and identify this term in details. The ways of calculation of this index are slightly different in different countries. Therefore we shall thoroughly discuss the means of the comparison applied by national economies of different origin. ...

Abstract

As the this topic of increasing minimum wage rate is always matter of concern in US we will discuss how the concept of minimum wage rate came into force and at what rate the minimum rate is increase or decreased. The effect on the economy like growth rate, inflation , consumer price Index and their effects will also be discussed.

Introduction

The topic minimum wage is a hot topic these days but it was introduced long back. New Zealand was the first country that came up with national minimum wage laws in 1894. The minimum wage covered almost all the industries ...

International finance

Question 1: Uses of the balance of payment data It is used in the recording of economic transactions of the residents of a particular country to the rest of the world within a given period. Current account shows the total net amount a particular country is earning if it’s in excess or spending when in shortage. It’s calculated by net income from exports fewer payments from the imports. While the capital account; deals with the recording of the ownership of the foreign assets. It involves the reserve account and loans and investments a country and the rest ...

Personal Finance

Personal Finance

Introduction

The economy of the United States impacts personal finance either directly or indirectly. Importantly, the government regulates personal finance through interest rates and taxes. Most taxes are directed to social programs to help the needy. Due to income disparities, citizens opt to acquire credit cards from local banks or other lenders. The credit card allows consumers to spend in advance and keep track of their expenditure. However, those who settle their credit card balance late, pay high-interest rates. The purpose of this paper is to address the role of government in the personal finance. Also, the paper ...

Discussion of the Results got from the Analysis

Discussion of the Results got from the Analysis

Calculation of percentage changes that have a likelihood of occurring in the stock is important. The percentage changes are influenced by some factors that exist in the stock market such as changes in the annual gross domestic product of countries, housing price index, and annual average interest rates among others. After an analysis of the data collected from 1980 to 2011 on factors that are known to have an influence on the stock market percentage change the following multiple linear regression lines was arrived at: S&P500 (Percentage Change) = 1.229 + 0.008 * (Annual ...

Inflation in USA

Inflation in US Introduction Inflation refers to the rate at which the country is experiencing the general increase in prices of goods and services. When the rate of inflation is high, the purchasing power of the country’s currency will be low at the same time. This will comparably imply that higher amount of money is needed to purchase items that had been previously purchased at lower amounts of the same currency. The country’s currency would have lost the real value as a unit of account and as a medium of exchange of the economy. The chief measure ...

There is no doubt that company success depends on firm-specific factors such as company size, which help distinguish them from competitors. However, their survival hinges on their ability to anticipate and respond to foreseen and unforeseen changes in the larger, external environment. These changes have industry-wide and nation-wide implications that necessitate their consideration by firms. The ties between company performance and macroeconomic conditions rest on which macroeconomic factors strongly correlate to the industry in which it operates (Zeitun, Tian, & Keen, 2007). Macroeconomics, therefore, examines the aggregate economic relationships in an economy (Evans, 2004). The basic concepts of aggregate supply ...

Abstract

The labor market in the United States has changed significantly over the years because of the changes in the global market and the impact on the work force in the country. The changes have led to diversity in the way people live and work. For many people, the loss of jobs causes structural changes in the ways that people live as these people are no longer able to finance their way of life. Mortgages also have been affected by the changes in the labor market and people have now become more aggressive in securing their homes. In addition, the ...

The goal of macroeconomic policies is to maintain a steady growth for the economy, achieve full employment situation and maintain price stability. Let us discuss all three macroeconomic parameters. Employment: One major objective of macroeconomics is to remove or reduce unemployment. The rate of unemployment is the percentage of unemployed in the total labor force. By unemployed we mean that a person willing to work at the prevailing wage rate is not getting an employment. Unemployment can be seasonal, structural, cyclical and frictional. Growth or increase in the GDP: Another goal of macroeconomics is to foster growth of the ...

Introduction

Employment laws are set to protect human rights and ensure fair treatment of employees by their employers. Companies are required to adhere to federal and state employment laws (Guerin & DelPo, 2013). To improve working conditions and morale of the employees, organizations are encouraged to follow employment laws, governing codes, and set expectations of conduct within the workplace (Twomey, 2010). Since DPG is a manufacturing organization, it is required to adhere to all provisions of the constitutions (federal and state) Source: (Goldman, Corrada & Goldman 2011). Critical laws to be followed are detailed below. Overall, it is in DPG interest to ...

Overview of economic performance of GCC countries

The Gulf Cooperation Council comprising of Kuwait, Bahrain, United Arab Emirates, Qatar, Saudi Arabia and Oman are oil rich nations representing an aggregate of 35.7 percent of global oil reserves. These nations are the largest exporter and producer of petroleum and have experienced excellent economic growth since the year 2008. The economic growth rate of the GCC nations has increased threefold to $1.4 trillion in the year 2011. The estimated growth of Gross Domestic Product for the GCC nations in the year 2013 is forecasted to reach around $1.5 trillion. The aggregate growth of Gross Domestic Product in the ...

Re: Request for Reconsideration in Core Subject-Marketing Strategy Analysis and Decisions (MKTG303)

I am a finalist student in the Faculty of Business and Economics pursuing a Bachelor of Commerce degree with a major in Marketing. I am due to graduate after completion of my coursework and successfully excelling in all my core subjects but one, Marketing strategy analysis and decisions. I undertook the subject as required and dedicated my time to it only for the results to show that I have a fail. Not to show that the facilitator had any errors, I am kindly requesting for your ...

Role of Federal Reserve

In the past few years, the Federal Reserve has come under increased scrutiny due to the financial crisis of 2007 – 2009. It has been criticized for lowering the interest rates, which resulted in cheaper mortgages, and thereby precipitating into a full blown financial crisis. Further, it has also been criticized for transforming itself into an investment vehicle, due to its role in quantitative easing, even though it helped in financial recovery. Historically, it has been Federal Reserve’s dual mandate to maintain the stability of prices and employment. That it does by varying its federal funds target, by ...

The United Sates economy is the strongest economy in the world. The economy remains vibrant despite having experienced eight recessions since 1929. The goal of all the economic policy makers is to maintain a healthy economic growth rate. In the last quarter of 2013, the economy had grown at a rate of 2.6 %. The same growth was not reflected in the first quarter of 2014, with a Gross Domestic product, decreasing with one percent. A healthy growth rate grows fast enough to create jobs for the unemployed and avoid inflation (Matoloni, Shoemaker, & Aversa, 2014).

The Gross Domestic Product of the United ...

John Maynard Keynes (5th June 1883-21st April 1946) was one of the founders of modern macroeconomics. He was a British Economist, and he was in the Keynesian economics school of thought. His main contribution towards macro economics was the formulation of the Theory of Employment. His theory of employment opposed what the Classical Economists proposed.

In the theory of Employment, Keynes argues that the main cause for unemployment was insufficient expenditure in investment. Keynes argues that unemployment is as a result of rigidity in wages. The low demand for output and workers to perform a job causes involuntary unemployment. The classical economist ...

Statistics involves studying the collection of statistical information, organizing and analyzing it then interpreting and presenting the information. Statistics is mostly used in experiments and surveys. Statistics has a major role in businesses and their day to day operations. Businesses utilize statistical methods to improve their efficiency, planning and output through strategy formation. Therefore, any business owners, workers or managers must resort to statistical methods to help them operate the business in the most appropriate manner.

Businesses use statistical information when conducting market research to obtain information that is of interest to their strategy formulation and decision making. Market research ...

Instructors:

Section one

Georges (2012) carried out a research to establish relationship between varieties of religious experiences and manifest hate. In his article which was published in journal of religion and society data was collected in different states of USA. The data on level of religiosity was collected and grouped into three categories i.e. high religiosity, moderate religiosity and low religiosity. In determining whether one belongs to any of the group the researcher considered person’s belief on existence of supernatural being. Then manifest of hate index in each state was calculated. A regression analysis which was carried out showed: moderate strong ...

Abstract

This paper has identified articles in www.munKNEE.com by, Lorimer Wilson. It has analyzed the same and presented out the findings. First it presents the general economic principles associated with the article; this is followed by identification of the macroeconomic indices which are also examined into details. A discussion of the indices is followed by possible decisions or forecast that could done under each scenarios.

According to www.munKNEE.com by Loimer, some of the general economic that would relate to the article include but not limited to; a) The Phillips curve; the higher the rate of unemployment the higher is the ...

December 12, 2010

Inflation in Macroeconomics

The most effective indicator of country’s economic health is its financial state. Financial system not only provides interconnections in economics, but also conducts macroeconomic regulation, and serves as a tool for governments to regulate economic development. For this reason, the activity of executive power in every country is directed towards stability of financial and credit system and overall financial state. In order to ensure the stability, inflation processes must be controlled. It is necessary because inflation results in harmful socio-economic outcomes: inflation leads to deformation of macroeconomic regulation instruments. Inflation is a process of price level ...

Abstract

The paper dwells on general equilibrium theory by putting into perspective various critical issues. The origin of the concept of general equilibrium theory is illuminated dating back to neoclassical period. Moreover, various models such as Walras model of pricing and modern equilibrium model is also put into consideration. Finally, the importance and application of general equilibrium has also been discussed at length. General equilibrium theory refers to a concept modeled around theoretical economics. The modern general equilibrium takes into consideration three important interpretations which should be taken into consideration. The idea of general equilibrium theory cannot be complete when there ...

In economics, inflation can be explained as a persistent increase in the general price level of goods and services over a period of time. Inflation results in a reduction in the purchasing power per unit of money which means money losses it’s real value over period of time. The inflation rate is measured by inflation index . Inflation index shows the change in percents of general price index also called consumer price index over the period of time. (Mankiw, 2002).

There are described three types of inflation:

1. Demand-pull inflation which is caused by increases in aggregate demand due to increased private and government spending; 2. Cost-push inflation ...

Unemployment in the United StatesUnemployment in the United States talks about the reasons and measures of U.S. unemployment and techniques for lessening it. Job creation and unemployment are influenced by elements, for example, investment conditions, global competition, education, mechanization, and demographics. These elements can influence the amount of specialists, the term of unemployment, and compensation levels. One real answer for anticipating unemployment in the United States is to keep the economy developing and creating through a dynamic business cycle. Using cash in a social order is one of the most ideal approaches to keep the economy consistent.

Labor Force Statistics graph ...

The measure of growth of goods and services in a country is measured by what is universally referred as Gross Domestic Product. The rise and fall of the GDP are mostly dependent on the consumer spending habits. The higher amount a consumer spends means countries GDP is high and economy is performing positively and also the income of the citizens is good. If the consumer’s spending habits are low the country’s GDP mostly may not be performing well. In a country like the United States of America, the GDP grew at 3.6% seasonally annual rate last year which was a great ...

BUSINESS

Over the recent years, there has been consistent fluctuation of residential values in Atlanta GA. Many theories and the assumption have been put forward in trying to discover the cause and remedy of these fluctuations. Often the conclusion has been narrowed that most of the fluctuations are because of residential owner’s ability to influence the values of the properties due to prevailing economic factors (Florida, 2009). This project aims to take a different view by focusing on the effect of the commercial properties that exist on the value of the residential properties in the proximity. The study contributes to ...

Interpreting Market Trends for BMW Dealership in Sydney, Australia

Specializing in the sale of automobiles in Sydney’s BMW dealer has been a top premium brand choice. However, with an ever-changing environment and new trend factors, the General Manager, Helga Schmit would seek to re-think the dealership’s marketing strategies in order to assist it produce batter sales results. Thus, there will be a need for collecting data on various market factors that are specific to the Sidney’s BMW market. In that view, the collection of data will be focused on the capital city of Sydney, Australia. The data factors are summarized as follows: - Disposable income: Employment ...

Introduction

In this paper the basics of statistical data analysis are shown. To explore the association between two variables chosen we use correlation analysis. Correlation is a relationship between two variables. Calculations similar two criteria relationship based on the formation of paired values that are formed from the considered dependent samples. Statistics shows the correlation between the two variables and indicates the strength of connection by means of a correlation criterion, called the correlation coefficient. This coefficient is always referred to a Latin letter r, can take values between -1 and +1, moreover if the value is closer to 1, it ...

Iran Economics Analysis

Introduction and Data Presentation Iran's economy is one of the richest countries in Asia - the 18th in the world by volume of national production (according to the CIA, 2010) and the largest among the countries of Western Asia, the Middle East and OPEC. Iran in terms of GDP is the largest economy in the Islamic world after Turkey. The volume of GDP in 2011, $ 928.9 billion, GDP growth - 2.5%. At competitive occupies 23 place on innovation - 27, the index of the knowledge economy - 34th place among the other nations of the world. Iran ...

Interpreting Market Trends

Data on various market factors will need to be collected for identification of their effect on demand of vehicles in the Australian market. Those factors are summarized as follows

Disposable income is the level of income that households can spend for their consumer purposes. It is the income after taxation whose level determines the income that consumers have at their disposal. In that respect, it is determined by employment level within an economy.

Purchasing power: Price index/inflation:

Purchasing power refers to the ability that the income held has in buying goods and services. The change in purchasing power determines the quantity of goods ...

An Analysis of the Formulation of California Senate Bill 4

Chapter 3: Methodology California Lutheran University Chapter III: Methodology Overview The purpose of this research has been to focus on the decision making and agenda setting policy concerning the regulation of hydraulic fracturing to drill for petroleum products when California Senate Bill (SB) 4 was passed. Hydraulic fracturing has been used for many years in California, but this is the first time a bill has been passed to regulate the activity. The bill was passed in the assembly first and then moved to the senate where it was passed in the form of SB 4. ...

Multilevel study finds no link between minimum wage and crime rates. Article by Dawn Fuller

In general, there are two types of statistical procedures. These include inferential statistics and descriptive statistics. However, the above study is said to have utilized interferential statistics. Ideally, inferential statistics lays its focus on making inferences or predictions regarding a population using the analyses and observations of a sample. The rational for reaching on the conclusion that the above study employed inferential statistics is largely pegged on its mode of analysis: inferential statistical tests. The study employed an econometric time series analysis to analyze its datasets, which is referred to as the autoregressive integrated-moving average (ARIMA). There are three types ...

Unlike most countries, that use the central Bank system the U.S has a federal Banking system which is also known as the fed. The headquarters of the federal Bank is in the capital Washington D.C and also has other twelve district banks in different locations. Decisions made by the Federal Reserve Bank are critical because they ensure that the country has a safe and sound financial system. Federal Reserve Act established the fed in 1913 and was formed to solve problems of money in the country. Therefore, the Federal Reserve Bank is mandated to formulate the best fiscal and monetary policies ...

Abstract

Econometrics analysis is crucial in developing models that are useful in estimating economic variables. However, development of suitable models is crucial in ensuring that their forecasts are accurate. That involves applying suitable model estimation techniques as well as testing for the estimated parameters’ significance. This study applies multiple regressions to analyze the determinants’ of CPI in United Arab Emirates considering the economy’s data for 30 years with an objective of establishing those factors that have a significant effect on CPI. In that respect, the study analyzes five variables including GDP per capita growth (annual %), Money and Quasi money (M2) ...

Inflation

Inflation is a term that means the general increase in the prices of the goods and services compared to a specific and standard purchasing power of the people. The most common indicator of the inflation is CPI known as “Consumer price Index”, which figures out the consumer prices. The second is the GDP Deflator. This interprets the domestic economy of the country as a whole. The Indian Inflation is analyzed with the help of the graphs and tables. As can be seen in the graphs that the rippling of inflation is because of the destabilization and the inflation could be high. This ...

- Introduction Estonia is a lowland country that borders with Russia and Latvia and is washed by the Baltic Sea ("Official Gateway to Estonia" n.p.). According to BBC (2013), Estonia is the most northerly of the other former Baltic republics. The country is surrounded by forests and is rich for water sources like lakes and rivers draining into the Gulf of Finland. The official name of the country – Republic of Estonia ("Official Gateway to Estonia" n.p.). The country is small having area 45,228 square kilometers of population of 1,340,415 as of 1 January 2012. Its ...

Foundation Course

Inflation in the United States Before the Second World War, the price level in the U.S. has been relatively stable, with the exception of episodes of hyperinflation associated with the financing of the U.S. War of Independence (1775-1783) and the Civil War (1861-1865). Typical were also periods of negative inflation (deflation) during the economic crisis, in particular 1840-x, 1870-x, the Great Depression. After the Second World War has been a steady increase in the price index. The period of significant inflation lasted from 1973 until the early 1980s. Usually it is associated with an oil embargo by OPEC countries. ...

Describe how the US financial markets impact the economy, businesses, and individuals.

In the United States, the financial markets play a significant role in promoting economic development. For example, the financial market has a significant impact on pension funds. Large percentages of pension funds are invested in stock market. In the event whereby the share prices record a drastic fall, the effect is reduction in pension payouts in the future. Another effect of share price is investor confidence. The share price is an indicator of a company’s performance. A reduction in share price reduces the investor confidence. This was the case in Lehman Brothers. When the share prices began reducing, the demand reduced ...

Good Performance of the economy influences the success of the stock markets. If the economy performs poorly, stock markets will decline leading to decline in prices of shares traded in the stock exchange markets. Operation of stock markets is usually governed by various economic stock agents who use economic indicators in forecasting the future trends in the stock exchange. These economic agents are mainly stock investors and their activities in the stock markets are a major determiner of the direction the market takes. They influence these activities by use of all available information determining the performance of the economy. If ...

The banking sector in Taiwan has continued to perform well despite the effects of the Asian crisis which rocked the Asian region in 1997 (Chiu 295). This crisis caused violent fluctuation of interest rates, share prices and exchange rates. However, the effect of the crisis was not extensive in Taiwan as compared to other countries like South Korea and the rest of Asia. Taiwan’s strong foundations on economic fundamentals that have a flexible capital market reduced the financial crisis on this country. Furthermore, the conservative financial policies in Taiwan have strengthened the financial system of Taiwan against crisis. In ...

Introduction

Inflation refers to the increase in universal level of prices for goods and services in an economy for given timeline. Through increase in prices for the value of the currency used in the country drops since each currency unit can only afford fewer commodities in comparison to normal prices. Inflation has both positive and negative impact to an economy. Inflation may be influenced by various factors with money supply being the main cause of inflation. The main element of measuring inflation rate is the annual advance of price index in an economy over a given period of time. The United ...

Gross Domestic Product (GDP).

GDP is a representation of the total value of all goods and services produced in an economy during a given year. It is a gauge used in assessing the health of an economy in comparison to previous quarterly reports (Frumkin, 2006). Measuring GDP involves two methods, which logically should arrive at the same totals. The methods used in measuring GDP are; income and expenditure approach. The income approach sums up gross profits for all incorporated and incorporated companies, total employee compensations, taxes and less any government subsidies. The expenditure method, on the other hand, sums up total investments to total consumption, net ...

Gold is one of the most popular metallic elements. It has the symbol Au which means “shining dawn” or Latinaurum. The word “gold” however, comes from the old English word that means “yellow” (WiseGeek, 2013). Belonging to the group 11 in the periodic table of elements, Gold is known as a “transition metal” which means it is highly ductile and malleable. It is also very precious. Gold was known and used as early as 6,000 B.C. for jewellery and other ornamentation. In early times, it was not used for much anything else other than decoration, even though it ...

Inflation targeting and Interest rate targeting are two primary and most popular monetary policies across the globe today. Inflation targeting can be defined as a central bank policy that revolves around meeting and adhering to preset and publicly displayed targets for the annual rate of inflation (investopedia 2013). The benchmark used for inflation targeting varies from country to country but is some form of price index of a variety of consumer goods. Most commonly this benchmark is Consumer Price Index (CPI). While Interest rate targeting as a monetary policy regulates and checks the interest rate charged by one depository institution on an ...

Part A

The move by Ratan Tata to create a Tata Group brand was a brilliant idea that paid of well for the company. Ratan Tata had been under pressure to create such a system and in the end when he did, Tata Son’s reaped maximum benefits from the creation of the Tata brand. This also was an advantage to the companies within the Tata umbrella. The existence of the Tata brand was crucial for the growth and revitalization of the company amid a new era that saw huge changes in the business world. In an emerging market, the creation of the Tata ...

Abstract United States is one of the world’s super powers following its developed economy. This has been attributed by strong nominal GDP, low unemployment rates, low inflation rates, strong currency and developed infrastructure. Although its economy has been affected by the economic crisis of 2007/2008, their macroeconomics still remains positive. This paper focuses on the macroeconomics of the United States. Under this, the paper discusses the Gross Domestic Product of the States, Unemployment rates, Inflation rates and the exchange rates. It starts by giving a brief introduction of the U.S. macroeconomic in general then goes further to discuss each of the ...

Abstract

Economies grow owing to the need of every nation to maintain progress and improvement in the quality of life of its people. The economic implication to the political stability and the alleviation of poverty is high and the growth of the economy can affect other economic indicators that are essentially the important determinants of a nation’s progress. There are many factors that can influence economic growth such as technological advancements but there are also possible positive and negative benefits that can be derived from this. This paper will introduce why every nation needs to sustain economic growth and how ...

The report provides study/analysis of supply chain services to improve operations at management level in account of patient experience. Involving physician in improving standards is a key factor. Financial stewards would promote financial well being. Philanthropy can be practised to look after patients as individuals. Constant study on adapted models will help improving existing processes. Providing responsibility to employees through transformational leadership enhances performance. By analyzing patient outcomes, efficiencies of processes, reviewing products, reducing supply wastage and reducing variation in process and metrics through benchmark data can standardize system. Collaboration of physicians also plays a vital role. The supply chain ...

In the past few years, many economies in the world have been affected by inflation. It is important to define inflation on the economic perspective in order to understand its phenomenon. Inflation is the general increase in the price level in the economy of a country (Joseph 3). There are various economic terms that are related to the issue of inflation. For instance, inflation may be brought about by an increase in the aggregate demand. Demand is the quantity of a product or a service a consumer is willing and able to buy at the existing market price at a given time period. ...

Introduction.

Keynesian theory argues that, in short term, total output is determined by total spending, which mostly consists of investment and consumption, this is the reality for any economy in the world but it doesn’t hold all the time as its subject to alterations caused by microeconomic factors particularly inflation which brings about increased interests rates raising the cost of production and unemployment as firms layoff some workers in order to reduce their cost of production. During the 2008 crisis which was one of the worst worldwide economic downturn one on the worst hit sector was the housing ...

Does increasing Cigarette Tax Help in Reducing Number of Smokers? To what extend does it decrease smokers if it leads to decreased smokers?

Abstract

Many governments have continuously increased i cigarettes taxes for the last decades. However, governments have been recording increased revenue from cigarette taxes despite decreasing number of smokers. The revenue raised has been used to finance ant tobacco campaigns across the country. Tobacco is a habit forming commodity this makes adults who have been smoking for long not to change their habits in short run. Researchers have given two main reasons for their behavior. First and foremost, the increased ...

EXECUTIVE SUMMARY

Although every year at stock taking time, we find that we have gone a considerable distance in so much as knowledge is concerned, we also invariably lose out as regards Ethics and Morality. We need to reverse this trend, which, if extrapolated beyond reason, will lead to someone like “Darth Vader” having all intergalactic missile systems fitted with thermo-nuclear warheads, under his control. Although our first reaction will be to contemplate such a scene with amusement, the metaphor is appropriate in the author’s opinion. If we do not guard our values and the values of those we love, but ...

The Kingdom of Saudi Arabia is classified as a high income non-OECD economy by The World Bank. It is an oil-based economy and the leading producer of oil and natural gas in the whole world. In 2011, oil production is at 10 million barrel per day. As reported in BBC.com, Saudi holds more than 25% of the world’s oil reserves and owns the largest hydrocarbon reserves (http://www.bbc.co.uk/news/world-middle-east-14702705). To date, the country is considered as the world’s leading oil exporter. With strong government control over the major economic activities, the Kingdom’s economy is heavily sensitive to developments in the ...