Category: Economics

  • The Benefits of Taxes

    People often say taxes are evil and the government wastes all the money it takes from them, but is this true? Many tend to ponder why is it that even when they are giving such a large sum of money to the government, the public services such as education and health care are still so…

  • HIH Auditing Report

    As the second largest insurance company in Australia, HIH Group was constituted by more than 240 subsidiaries at one time. It operated within 16 countries, covering the business over five continents. However, HIH went into liquidation in March 2001, with an estimated shortfall of $5.3 billion. The unexpected collapse was due to various reasons and…

  • The Vicious Circle of Poverty

    For poor countries, there is a point of view that they are destined to remain poor. The rationale behind the above statement is that, for poor countries, taking resources out of the production of consumer goods is very difficult because they are living so close to subsistence levels and the lack of saving can make…

  • Autocorrelation (Econometrics)

    Autocorrelation can be defined as correlation between the variables of some observations at different points of time if it is about a “ time series data”, or it will be correlation between the variables of some observations at different space if it is about “ cross sectional data”. The classical linear regression model (CLRM) according…

  • Afghanistan’s Economy

    There are many concerns that come to mind when discussing the current state of Afghanistan’s economy. Twenty years of war has crippled the economy and citizens must find ways to survive day-by-day by scrounging enough food for themselves and family. Citizens do not have the facilities to receive an education or treatment for medical conditions.…

  • Australia Macroeconomy Policies 2009

    Australian governments over precedent decades have conventionally aimed towards including triangular objectives of financial growth, domestic poise, and external poise within framework of single economy. (DORNBUSCH, Rudiger, 2006) Collectively, these trio set of objectives aim towards sustaining nationalized financial growth while retaining inferior inflation as well as limiting the mass of overseas debts and liabilities.…

  • International Experience and Debates Surrounding Pro-poor Touris

    According to Roe and Urguhart (2001) tourism is one of the world’s largest industries, generating an estimated 11% of global gross domestic product (GDP), employing 200 million people and transporting nearly 700 million international travelers per year- a figure that is expected to double by 2020. Roe and Urhuhart made several observations about pro-poor tourism…

  • Are We Repeating the Great Depression?

    Could the economy 6 months ago be another replica of the Great Depression? People from left and right are being unemployed. Also, the Bush administration did not do a good job in keeping the government straight. Therefore, banks went in to bankruptcy forcing the Obama administration to find a solution. Many people believed that another…

  • Poverty in America

    Poverty There has always been a problem in America that continues to grow each year. This problem is known as poverty. To understand people from poverty, one must understand what poverty is. Ruby Payne defines poverty as, “the extent to which an individual does without resources.” In this paper, I will describe what the impact…

  • The Value of the Chinese Renminbi

    MACQUARIE UNIVERSITY ECON 867 International Financial Management Lecturer: Dr. George Milunovich The value of the Chinese renminbi, its management and risks associated with investing in China

  • Impact of Structural Adjustment on Economic Performance

    THE IMPACT OF STRUCTURAL ADJUSTMENT ON ECONOMIC PERFORMANCE (CONTROL GROUP & BEFORE AND AFTER ANALYSES) By Misbah Nosheen PhD scholar: Federal Urdu University of Arts Science & Technology Islamabad

  • Interest Rate Report

    Introduction Big Drive Auto is a multistate dealer of several manufacturer’s cars and trucks. Big Drive not only sells the cars but a large part of their business is servicing the autos. This paper will address the managerial decisions that are affected by increasing interest rates and how increasing interest rates affect the cost of…

  • The Federal Reserve in Macroeconomics

    Monetary policy has become the dominant component of the United Stated stabilization policy because it is faster and more flexible than fiscal policy; as well monetary policy is isolated from political pressure. The Federal Reserve has three primary monetary tools by which it can influence the money creating abilities of the commercial banking system; open…

  • Energy Drink Article Analysis

    The energy drink is a new trend in the world of beverages that is one of the fastest growing beverages on the market. You can find them pretty much anywhere you can purchase a can of coke or a bottle of water. You can even mix the energy drink with alcoholic beverages. I am going…

  • Using GDP to Measure Economic Health

    GDP to measure the business cycle: ‘Gross Domestic Products’ affects the American business cycle, and keeps equilibrium in our economy. GDP measures two things to help in stabilizing our economy. The economy’s income and expenditure, these two tactics are used simultaneously in measuring the annual household income and how much each household spends on goods;…

  • Macro Economic Impact on Business Operations

    Creating Money Money can be defined as any commodity that is used as a “means of payment,” for whatever is exchanged for the goods and services that are bought. Murray N. Rothbard, Economist, looks at money in this manner, “Many useful goods have been chosen as moneys in human societies. Salt in Africa, sugar in…

  • Macroeconomic Impact on Business Operations

    Macroeconomic Impact on Business Operations The Federal Reserve Board uses tools to control the money supply in the United States, which are open-market operations, the reserve ratio, and the discount rate. These tools influence the money supply and affect macroeconomic factors, which I will discuss in detail. I will also explain how money is created…

  • Economic Forces and Stock Market

    Chen, Nai-Fu, Roll, Richard and Stephen A. Ross. “Economic Forces and the Stock Market.” The Journal of Business 59, 3 (1986): pp.383-403. Chen, Roll and Ross (1986) were among the earliest researchers to identify and test economics factors that should affect stock returns either through future cash flows or through the discount rate. By analyzing…

  • Malaysia – Country book

    Executive Summary The purpose of this report is to critically analyze an export strategy for an International company to Malaysia. I’m going to assume that the International Company is located in a neighbor country (Australia), “Kangaroo International” an Australian soy product producer. It was chosen for this task, because of Malaysia’s increasing demand for westernized…

  • Trends in Consumption – Economics Essay

    Trends in consumption patterns are principally the study of economics. Economics is the study of how human beings coordinate their wants and desires, given the decision-making mechanisms, social customs, and political realities of the society (Colander, 2008). The trends typically fluctuate based upon the supply and demand of a given product or service. When quantity…

  • Going Green: Staying Aware and Efficient in an Oil-Dependent Economy

    How much energy and natural gas does a single American consume in a day? When faced with this question, many people might just think of oil consumption from an automobile, but energy and natural gas is constantly being consumed directly and indirectly by Americans every day. When a recyclable is not recycled or a light…

  • What is Indirect Financing?

    FINANCIAL INTERMEDIATION or INDIRECT FINANCE is the process of obtaining funds or investing funds through third-party institutions like banks and mutual funds. As a source of funds for American businesses, indirect finance is far more common than direct finance. For every dollar that firms raise by borrowing directly from households or selling stocks directly to…

  • Transparency and the Location Mystique

    Transparency In Retail Site Location Models Transparent: Free from pretense or deceit, frank. Obfuscate: Mask, conceal, disguise as part of a hidden agenda. Location Decisions: Science or Intuition?

  • Economic Crashes and Booms in the 20th Century

    The history in the 20th century was overwhelmingly economic. The advances of technology, productivity, and organizations along with the material wealth of human mankind expanded beyond all previous imagining. Although the economic forces were still developing; the early 20th century was still very incompetant. Little was known or learned about how to manage a market.…

  • Fixed Income Securities Market in Pakistan

    A well functioning bond market is imperative for the development of a nation’s economy and ensuring the financial sector stability. This paper gives an overview of the current structure of Fixed Income Securities Market Pakistan and its functioning. The paper also focuses on the key obstacles which are in