Archive for the ‘Articles About Economics’ Category

A few weeks ago, Miguel Franco, mayor of the Mexican town of Tepatitlan (about 60 miles NE from Guadalajara) gave, with the typical candour & honesty of those lands, his diagnosis about the financial crisis. More or less, he said the there is no such crisis, because more money is being made from business everyday “today there´s money & the day after the guys from the stock market say that is gone, who ate it? The money is still there and they’re not going to cheat us”.
This rather curious statement brought upon him (as you could expect) a storm of jokes and critics, but, truth be said, despite his apparent simple-minded reasoning, this Mexican Mayor has rubbed the salt in the wound of one of the aspects to take into account in light of the present economic turbulence.

It’s true. Everyday more money is being “made”, there are more products & more economic activity. Until, suddenly, a group of investors say that the stocks sold on the market no longer have the value they used to, and, as obvious consequence, the whole world faces the threat of a recession.

The real question here is: what the hell happened, for example, with Citigroup? Nearly two years ago, this financial company had a stock value of 277,000 million dollars, on the other hand, this last week its price had plummeted to merely 6,000 million. This means that 271,000 millions vanished on thin air, but why?

The painful answer is that Citigroup never really had a value of 277 thousand million dollars. This number wasn’t backed by concrete reality, but by the supposed profits foretold by the “financial analysts” (a mixture between sorcerers and businessmen). So, when their “cotton candy” castle came trembling down, the investors loudly crashed their heads in the hard, unmerciful real world.

The crash in the price of the stocks of Citi & a bunch of other companies who have lost as much as 90% of their value, constitutes an indisputable proof that our present economic system is standing in bare air, holding from illusions, cheats and hopes, which becomes really dangerous in generalized fear times, as those we live in.

They’ll never admit it, but not even the economists had a full idea about how deep is the crisis; which were its causes and how much it’ll take us to get out of it. Hidden behind their baroque math & unintelligible concepts, they’re just as confused as we are.

We need to understand, once and for all, that the economy is not, and can never be an exact science. The financial system is more like an enraged horse with meth addiction. We can try to tame it, but we’ll never fully succeed.

Here’s just one example. The Money Exchange market alone moves more than $ 1,350 TRILLION dollars every year (3.7 trillion every day). That’s just too much money to track and see if the counts match.

We live in the middle of an economy moving at the speed of light and the only things we can do is using our common sense and hope that the waters return to their level, because, at the end of the day, the tempting stock exchanges & world economy are just illusions, just a Mirage.

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If you wish you had known more before this economic recession hit and you find yourself brainstorming ways out of this mess, then perhaps pursing a Business Economics major is for you! At an economics college, you’ll learn about many aspects of business, management, finance, marketing and corporate planning, in addition to the money management issues of today. The majority of people working in applied economics hold positions as forecasters, analysts, market researchers, government workers and client support personnel.

As you may have heard, the choice of school and the pursuit of a degree are extremely important in determining your success in economics. Just about every school offers macro economics and microeconomics courses, but to really get ahead, you’ll want to get into a graduate school with the best department of Economics you can find. The best schools may offer more passionate teachers, better internship options, more extensive areas of study and the sort of prestige you’ll need when looking to start your career in the competitive labor market.

When choosing classes from a school’s department of Economics, the best advice is to take more math courses! It can be easy to fall behind in your studies if you aren’t crystal clear on the statistics, calculus and mathematical concepts. When you were trying to get your bachelor’s degree in economics, you were likely scanning the course options for “easy electives” and ways of pulling your GPA up. However, graduate schools care most about what hard classes you’ve taken and how well you did in them, rather than your GPA as a whole. Be sure you take real analysis, calculus and econometrics, as these classes will be vital to your understanding.

To get an undergrad degree in Business Economics, students attending an accredited economics university will need to take courses like macro economics, microeconomics, financial accounting and reporting, calculus, economics statistics, econometrics, money/banking/credit, business writing, the stock market, labor economics, monetary economics, international trade theory, law and economics, industrial organization, economics and business strategy, organizational psychology, formal organizations and politics and the economy.

The average starting salary for economists is $ 38,000 for a bachelor’s degree, $ 48,000 for a master’s and $ 70,000 for a PhD, according to a 2002 National Association of Business Economics survey. The median income for the economics major is higher than any other major, experts say. Economics research also suggests that economics majors earn 20% more than business administration majors, 19% more than accounting majors, 18% more than marketing majors and 15% more than finance majors. When a potential employer sees this major on a resume, he or she immediately understands that you have a solid foundation of math, politics, business and economic theory. Your degree also shows that you have the capacity to process complex subjects and problem solve, which is valuable in any field.

According to US News & World Report, Harvard University in Boston, Massachusetts is the top-rated school for Business Economics. The second-best university in this field is Stanford in California and Northwestern University in Illinois. After the top-three, other economics college options include the University of Pennsylvania (Wharton) in Philadelphia, the Massachusetts Institute of Technology (Sloan) in Cambridge, the University of Chicago, UC-Berkeley in California, Dartmouth College in New Hampshire, Columbia University in New York City and Yale University in Connecticut. It’s highly recommended that individuals looking to remain competitive in their field pursue advanced education with Master’s or PhD’s.

Unlike undergrad, the department of Economics in grad schools looks to cultivate the best and brightest talent. Most students are granted a fellowship, assistantship, grant, tuition remission or monthly stipend to cover the cost of the program and living expenses. Be aware that you’ll be required to do a lot of dirty work for your money, like grading, teaching, lecturing, leading weekly section meetings, researching and writing. If a lot of students are admitted, then you may still need to pay or seek NSF grants on your own. The good news is that, after all their hard work, 99% of graduate students get placed into applied economics positions right out of grad school.

When you run low or out of bank checks and need to reorder checks, economic fundamentals dictate purchasing from the low cost quality supplier. Reorder check supplies from for superstore selection at cut-rate prices.

his helpful and educative article explains how to write an economics term paper in an easy and hassle free manner. This is true, by following the simple steps given below, you can really write your economics term paper subjects without any difficulty at all.

Writing an economics term paper can be quite boring just because of the subject itself. However, if you have enough information and research material, it will not be that uninteresting to write your economics term paper provided you have already mastered the art of custom term papers writing. Thats right, knowing how to write a regular term paper enables you to write on any topic be it an economics term paper or one about rocket-science; the only extra thing required would be sufficient knowledge of the particular subject.

Tips to write your economics term paper with great ease:

Information and Data Compilation

Compile enough information and data from your research using all sources possible. Apart from conventional research sources, observe your surroundings and take interest in news and events related to your topic.
Supposing the topic question of your economics term paper is What are the effects of offshore outsourcing on the current employment situation, the information acquired through unconventional sources may be quite useful to develop an argument of your own. This will help you write an effective economics term paper with the most current and relevant information giving you a definitive edge over your class mates.

Develop a Meaningful Blend of the Information

Combine the findings of your research and observation with the information acquired from your textbooks and class lectures. If you intelligently synthesize data and information gathered from diverse sources, your economics term paper will have a greater chance of winning first class.

Never Stray From Your Topic

This is very important while writing an economics term paper or on any topic for that matter. An economics term paper is written on a specific topic question and should only state facts, findings, ideas and arguments strictly relating to the subject. You simply cannot write about irrelevant issues in your economics term paper.
Always Cite the Sources in the Proper Citation Style

It is very important for you to cite all the sources used in the references and bibliographies section of your economics term paper in the proper citation style as required by your teacher or professor.
Stated above are simple tips on how to write an economics term paper without difficulty. Follow them and become the best economics term paper writer in your whole class.

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Economics is one of the most important subjects in Arts, Commerce and Business Management. Economics is one of those few subjects which speaks relentlessly at the individual firm level (micro-economic) and at national or international level (macro-economic). The subject is very important in calculating the demand for an individual firm, an industry on the whole and the demand for all the goods and services in the country. The subject also includes concepts of Global Economy.

Economics is the study of unlimited wants over limited resources. The study of Economics is particularly important and relevant in business administration. For example if a company wants to introduce a new product into the market, then it must know how the demand for the product is. If the product has a close substitute, then it will look at the market of that substitute and can conclude what would be the demand for the product if it is introduced. This is just one side of the story. The other side of the story is the supply. If the demand can be anticipated, then the supply of the product can also be formulated. This formulation is very important because, for example if the demand for the product is say about 1000 units and regardless of this if the company produces 5000 units, then the 4000 units produced will be a waste of resource and in some cases a loss to the company. So, a proper supply calculation is also important.

There are other things which the subject of Economics also speaks about is the market conditions. Markets are one of the important factors to be considered while producing goods. Markets in Economics can range from Perfect Competition on one extreme and Monopoly, another extreme. The rest of the market conditions like Monopolistic competition, Oligopolistic competition, Oligopoly, Duopoly, etc fall in between the two extremes of market conditions. The concept of market condition is important because a firm will act differently in different market conditions. So, a thorough knowledge of market conditions is very essential in the study of Economics.

Studying economics is not an easy task. The subject requires a lot of patience and perseverance. It also requires experts’ assistance to understand and decipher some important concepts. Some concepts require experts’ interpretation in various concepts.

We at provide help in Economic concepts like Supply-demand analysis, Comparative statistics, Dynamic analysis, Risk and uncertainty, Productivity & Income Growth, Cost curves, Profit maximization, Capital markets, Game Theory, Unemployment, Entry and exit, Competitive markets, Economic “surplus”, Efficiency of markets, Market structure, Monopoly power, Pricing power, Oligopoly, Factor markets, Factor-labor markets, Economic Regulation, Solow Growth Model, Neoclassical Growth Model, Expanding Variety Models, The Keynesian Multiplier Model, Monetary policy, Fiscal Policy, Stochastic dominance, Phillips Curve, etc and many more. We provide online tutoring, assignment help and homework help for students ranging from high school, College and University. Our experts are Masters and Doctorates in Economics from The Ivy League who provide world-class assistance in Economics. Our work is characterized by 100% quality and 0% plagiarism, lowest cost, unlimited iterations.

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Much has been made about the effects the massive oil spill in the Gulf of Mexico have had on the fishing and shrimping industry in the Gulf Coastal area. Accordingly, when we look at what it will take to care for retirees over long stretch, economists get worried. From Germany to Japan,


The custom patch industry is a lucrative business that could grow in quality, turn around time, and services offered if consumers would be willing to buy American. With the UK government’s announcement of the introduction of the Clean Energy Cash Back system, essentially a feed-in tariff designed to attract investment in the British renewable industry, controversy has raged with solar industry insiders believing tariff rates to be too low.


In the latest Beige Book report today, it believed that the US economy is growing, but at a decelerating pace. The Beige Book is a report on the US economy compiled eight times a year by the US Fed and is based on information from companies in the 12 Fed districts.


It’s time to pay attention to things like the economy, politics, and the way things are going in the world. If you’re like me (and I know I am:), But move to Africa. It takes 136 days to get approval to start a new business in Equatorial Guinea. Why? Because the country’s Prime Minister must approve all new businesses.


The economic concept of opportunity cost is, in the opinion of this author, one of the most versatile principles in the whole universe of thought. The concept is applicable to every action taken by a rational being living in our time continuum. The concept can be applied to policies and their consequences, and the costs can be assessed for both the intended and unintended participants.


American love our “stuff.” Big honkin’ TVs the size of a wall, ear splitting sound systems that rival any concert hall, nice cars,Deflation is a general decline in prices, income, and credit. Right now we are seeing all three. For the last twenty years we have spent a dime for every nickel earned, and to do this we borrowed.


Jobs fell in the government sector as non-farm payrolls fell 54000, while the private sector added 67000 jobs. Overall the unemployment rate rose to 9.6% in August from 9.5% in the previous month. Employment at automobile factories, which had risen by 22000 in July, fell by approximately the same in August.


We are moving very quickly from a world that has been driven by our U.S. based economic engine to a fully vested world-economy. We are experiencing one of the most uncertain and frightening economic times in history. The current global economic crisis has many wondering how much worse things will get and how we will all survive if it does.


The financial news is out and the news is not very good. Okay, it is terrible. Unemployment is still a disaster. Home sales are so slow that the numbers compare to last century, although that admittedly is only 11 years ago. Given all the bad news, the dreaded double dip is being mentioned not only as a possibility, but a probability. Well, what does that really mean from a practical point of view?


It is clear that knowing what happens during a recession, whether it is in a country or in the world at large, can be crucial information to have at your disposal. Yet, even before we can counter the effects of recession in our businesses, it imperative that we have a working definition of what a recession is and how it functions. Keep reading, and I’ll explain to you the basics of recession and tell you what it is – and what it’s not.



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The first reason to study economics is that it will help you understand the world in which you live. There are many questions about the economy that might spark your curiosity. Why are apartments so hard to find in New York City? Why do airlines charge less for a round-trip ticket if the traveler stays over a Saturday night? Why is Johnny Depp paid so much to star in movies? Why are living standards so meager in many African countries? Why do some countries have high rates of inflation while others have stable prices? Why are jobs easy to find in some years and hard to find in others? These are just a few of the questions that a course in economics will help you answer. The second reason to study economics is that it will make you a more astute participant in the economy. As you go about your life, you make many economic decisions. While you are a student, you decide how many years to stay in school. Once you take a job, you decide how much of your income to spend, how much to save, and how to invest your savings. Someday you may find yourself running a small business or a large corporation, and you will decide what prices to charge for your products. The insights developed in the coming chapters will give you a new perspective on how best to make these decisions. Studying economics will not by itself make you rich, but it will give you some tools that may help in that endeavor.

Economics is the study of how society manages its scarce resources. In most societies, resources are allocated not by an all-powerful dictator but through the combined actions of millions of households and firms. Economists therefore study how people make decisions: how much they work, what they buy, how much they save, and how they invest their savings. Economists also study how people interact with one another. For instance, they examine how the multitude of buyers and sellers of a good together determine the price at which the good is sold and the quantity that is sold. Finally, economists analyze forces and trends that affect the economy as a whole, including the growth in average income, the fraction of the population that cannot find work, and the rate at which prices are rising.

The study of economics has many facets, but it is unified by several central ideas. Because the behavior of an economy reflects the behavior of the individuals who make up the economy, we begin our study of economics with following principles of individual decision making.

People Face Trade-offs
The Cost of Something Is What You Give Up to Get It
Rational People Think at the Margin
People Respond to Incentives
Trade Can Make Everyone Better Off
Markets Are Usually a Good Way to Organize Economic Activity
Governments Can Sometimes Improve Market Outcomes
A Country’s Standard of Living Depends on Its Ability to Produce Goods and Services
Prices Rise When the Government Prints Too Much Money
Society Faces a Short-Run Trade-off between Inflation and Unemployment.

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Whether you’re majoring in economics, or are taking it as a prerequisite, it can be an intense course. But as intense as it is, it is also an extremely important course. Studying it helps you become a more aware and active participant in the global economy, as a producer and a consumer. In today’s political and economic landscape, knowledge is power, and college economics courses are designed to give you that knowledge to better understand the policies that shape things. In college economics courses, optimal study habits are necessary for comprehension and retention of the material at hand. If you’re currently enrolled in, or are thinking of enrolling in college economics courses, here are a few tips to help you study effectively and actually see results.

1) Using your syllabus as a guide, read the material ahead of time. When you attend a lecture, the material your professor goes over shouldn’t be new. By prepping before class and getting a jump on the material, you can better understand what your professor is actually talking about. This is a universal study habit that you should develop to better succeed in all of your courses, and is especially handy if you’re dealing with complex economic concepts. It goes without saying that you should be taking notes in class. Many professors recommend that students recopy their notes and fill in any missing info using the textbook. If you do this within eight hours after the lecture, you’re much more likely to absorb the material.

2) Speaking of your textbook, you should most definitely engage in active reading. That means you can’t just read your textbook like you would a novel. You really need to delve deeper into the information to help you understand the key concepts. Pay attention to headings, subheads, and bold words. They are there for a reason: to alert you that this is something you need to know. Don’t be afraid to take notes in the margins of your textbook, and underline/highlight important information.

3) When you’re all done reading the assigned chapters and have rewritten your noted, you should try to prepare your own written summaries of the chapters/units. This is another great method of active engagement. A simple way to do this is to write down the main points of each chapter section and then make a bulleted list of supporting points.

4) If you’ve done all of this, and still aren’t making any headway, contact college tutors. College tutors are dedicated to helping students who just can’t make the material stick. There is even online college tutoring out there that can work around even the busiest student’s schedule. In addition to an economics tutor, you can join a study group. Hearing what other students have to say about the material is often helpful, and can help you open your eyes to the material in a whole new way.

Best of luck with your economic course. Don’t give up and remember these tips when you’re having trouble getting a firm grasp on key concepts.

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