Category: Economic

Table of Contents Import quota The decrease in value of Argentinian Peso against the United States dollar Comparative and absolute advantage Import quota An import quota is imposed by countries to mitigate the amount spent on import. The countries also reduce the number of goods produced abroad and sold in the home countries. Import quotas…

Table of Contents Policy Mix to Increase Output without Changing Interest Rates Elasticity of Money Demand and its Effects Fiscal Policy under Fixed and Floating Exchange Rate System References Policy Mix to Increase Output without Changing Interest Rates It is the desire of policy makers to boost economic growth in all ways possible. One of…

International economics may be narrowly described as the interaction and relation of economic activities between various countries around the globe. On the other hand, international economics is concerned on the effects of international differences on economics in relation to productivity and consumer preferences. Similarly, international economics focuses on interaction between different countries in the aspects…

Table of Contents Introduction The traditional economy The command economy The market economy The mixed economy Conclusion Works cited Introduction An economy exists when a group of people produce and exchange goods and services (Economic Geography). Additionally, to manage resources, people have devised different economic approaches (Shmoop University). According to Economic Geography, “the way people…

The traditional view in economics throughout history has been that the Gross Domestic Product has generally been used as the primary measure of a country’s economic progress and success. However, post-COVID realities have suggested that there are more complex yet accurate ways to measure economic success, based on a combination of several factors taken into…

The ideologies presented by Joan Robinson in her essay are tactical and pertinent in the field of economics. They provide thran ee-dimensional perspectives on the evaluation of capitalism. However, the broader essence of capitalism might reveal somewhat distinct outcomes if my opinions were to be incorporated in the assessment of capitalism. The purpose of this…

Table of Contents Climate Change Effects of Coal Seam Gas Mining Economic Impacts of the Climate change Events on Agriculture Direct impacts of mining on Tourism Effects of Coal Seam Gas Mining on the Tourism industry in Gloucester Impact on Fishing and Clean Water in Gloucester References Climate Change Effects of Coal Seam Gas Mining…

Table of Contents Introduction Does minsky’s premise actually justify the crisis? Instability and regulation Minsky’s monetary volatility theory Explanation of the crisis Conclusion References Introduction Apart from Keynes, no other economists seem to have gained greatly from the economic slowdown of 2007-2009 as Hyman Minsky. The fall down of the second largest market in 2007…

Table of Contents Defining the market Development of Cigarettes and Food as a Currency Paper Currency v/c Cigarettes Conclusion References Radford (1945) has discussed at length how a prisoner of war camp in the second world war transformed into a viable economic network where cigarettes and food intermittently served as the currency while items such…

#1:The article: “Judging Stimulus by job data Reveals success” by David Leonhardt, was published on February 16, 2010 on nytimes.com. The article starts with a hypothetical introduction, where the writer engages the reader by telling him/her to assume that the stimulus signed in 2009 was large enough to impact the job market or even money…