Tag: Economics

Culture, ideology, politics and economics are linked in the output of media organisation in way that is true for no other sector of capitalist enterprise

Introduction Although some might believe otherwise, the media is not a neutral or objective institution. It is rather a disputed space that can be manipulated to serve certain interests. McNair (2007:103) affirms that “culture, ideology, politics and economics are linked in the output of media organisation.” This statement is especially true of the UK newspaper …

Micro Economics

We stand in the beginning of the twenty first century with new groups in positions of great power within our economic. One would think that, with this peak strength, American man would be secure, ready to move forward. An uncertainty, however, seems to be besetting us. We are unsure of ourselves. Internally, we are ill …

Econ 120 – Principles of Micro-Economics

ECON *120: Principles of Microeconomics Spring 2010 I. FOUNDATIONS OF ECONOMICS A. Scarcity, Production Possibilities, Efficiency and Exchange Section I. A Learning Objectives: • Define or explain a number of basic economic terms and concepts. • Explain, illustrate, and apply marginal analysis. • Explain, illustrate, and apply the production possibilities model. • Explain, illustrate, and …

Managerial Economics and Business Strategy

Dr. David J. St. Clair Managerial Economics and Business Strategy 3551 #6 Answers – Summer 2012 1. What type of evidence did Dupont introduce in its plastic wrap trial that proved decisive in its acquittal? __ It brought in cross elasticities to show that there were many substitutes for plastic wrap. It then argued that …

Macroeconomics

Technological advancement has been realized in almost all areas of production.  In the US the increased use of computers has led to solid growth of productivity.  Productivity is the most valuable statistic used to determine the overall economic welfare of a country.  Growth in productivity indicates that there is improvement in the living standards of …

Macroeconomics questions

If business cycles are inevitable, what is the purpose of keeping track of different stages? It has been said that an economist recognizes three certainties in life: death, taxes and the business cycle. Throughout mankind’s existence, the cycle manifested itself in periods of growth followed by phases of contraction. Understanding the various phases of the …

Macro economics

As early as 2006, contraction in the housing market was already felt. “The Federal Reserve has responded to the unfolding situation by acting to improve the access of depository institutions to liquidity and by easing the stance of monetary policy substantially” (Kohn, 2008). Discount rate is “the interest rate charged to commercial banks and other …

Economics of Baseball: Revenue Sharing

Economics of Baseball: Revenue Sharing Major League Baseball is the highest level of professional baseball in the United States and Canada. The organization is comprised of a partnership between the National League, founded in 1876, and the American League, founded in 1901. There are currently 30 teams in Major League Baseball, 14 in the American …

Monetary Economics

Undergraduate study in Economics, Management, Finance and the Social Sciences Monetary economics R. Love EC3115, 2790115 2011 Monetary economics R. Love EC3115, 2790115 2011 Undergraduate study in Economics, Management, Finance and the Social Sciences This subject guide is for a Level 3 course (also known as a ‘300 course’) offered as part of the University …

Microeconomics

Assumption This report describes what this kind of capital produces, and what would determine the optimal level of preservation effort. The Key Element Of This Model The purpose of the present study is to shed light on the effects of designation on property values in residential neighborhoods. Analysis Not infrequently, planners, preservationists, and community officials …

Managerial Economics

Q1. In a country, the velocity of money is constant. Real GDP grows by 5% per year, the money stock by 14% per year, and the nominal interest rate is 11 per cent. What is the real interest rate? A. 1 The following is provided in the question GDP growth rate (Y)- 5% Money Stock …

Economics

1. Distinguish between Micro economics and Macro economics. Microeconomics may be defined as that branch of economic analysis, which studies the economic behavior of the individual unit, maybe a person, a particular household, or a particular firm. It is a study of one particular unit rather than all the units combined together. In microeconomics, we …

An Introduction to Macroeconomics

Homework #1 Problem #1 Q: Use the supply and demand framework in the labor market to explain why employment has grown rapidly in the United States in recent decades while at the same time there has been a slowdown in real-wage growth. A: With the growth of both supply and demand in the US, we …