Economics Essays

Alfred Nobel’s Visionary Contribution to Economic Advancement

INTRODUCTION Alfred Nobel, a Swedish citizen founded the Nobel Prize to award commendable human effort in the development of intellectualism, science, and global peace (Vento & Vezzani, 2019). Nobel was a successful industrialist who instructed his beneficiaries that his wealth was supposed to fund 5 prizes globally in commendation of outstanding intellectual composure in physics, ... Read More

Pages: 8       Words: 1994

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Analyzing the Federal Reserve’s Monetary Policy

Introduction Have you ever considered how a coalition of policymakers’ actions can affect your daily life? Hence, that is where monetary policy intervenes to influence prices and the availability of jobs. We follow the monetary policy problem review with two insightful pieces. One by the IMF and one that mentions historical references to the Federal ... Read More

Pages: 5       Words: 1144

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China’s Delicate Balancing Act

The Chinese central bank’s recent actions alarmed and divided economists and politicians worldwide. During this financial manoeuvre, the People’s Bank of China (PBOC) focused on stabilizing the Yuan. This policy change has generated concerns about China’s economic growth and its impact on traditional central banking duties. This decision concerns the PBOC’s $1 trillion two-year spending ... Read More

Pages: 3       Words: 628

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Deng’s Economic Revolution

China’s quick rise to becoming an economic powerhouse in the late 20th century shows the significant changes made under Deng Xiaoping’s leadership. This paper explains the connection between Deng Xiaoping’s economic reforms and China’s economic growth. The essay plans to analyze the critical principles of Deng Xiaoping’s economic reforms and their lasting impact on the ... Read More

Pages: 3       Words: 645

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Mitigating the Adverse Effects of Information Asymmetry in Firms and Markets

Information asymmetry is one of the most severe issues confronting the modern economy. This discrepancy impacts consumer relations, financial markets, and other areas. When one side in a transaction has more or better information than the other, this is referred to as information asymmetry. Bloomenthal predicts that it will be 21 years from today. When ... Read More

Pages: 9       Words: 2285

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Calvo Model Solution and the New Keynesian Theory.

The Calvo Model of price rigidity refers to the positive probability that a firm’s nominal price may be used for more than a single period. According to this model, economies are made up of growing firms that set their prices (Iania et al., 2023). These prices by the firms are represented using different parameters of ... Read More

Pages: 4       Words: 846

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Immigration and Work Safety

Introduction Immigration and its many prospective impacts keep being a significant issue in several developed nations. Accidents at the workplace lead to significant socio-economic costs to businesses and nations. The purpose of this paper is to analyze the impact of immigration on workplace safety, particularly in Spain. This country had the greatest number of accidents ... Read More

Pages: 3       Words: 591

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How Economic Globalization Shapes Cooperation and Competition Between Developing and Developed Countries

Over the years, the concept of globalization has significantly expanded, and it has gained prominence in aspects such as trade and international relations between developed nations and developing countries across the world. Economic globalization can be explained as the increased interdependence between world economies in areas such as trade and the transfer of technologies. In ... Read More

Pages: 6       Words: 1632

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Market-Based Approach for Addressing Automobile Emissions

Introduction One ubiquitous externality that affects societies all over the world is air pollution. The environment, ecology, and public health are all seriously threatened by it. The particular situation of vehicle emissions is urgently concerning in this context. Standard rules that may be ineffective and need more motivation for reducing emissions are frequently used in ... Read More

Pages: 14       Words: 3759

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Impact of Economic Downtown

Introduction Negative growth refers to such negative developments as productivity, sales, and income falls for national or global economies. But they greatly affect the working environment, from conditions to culture and dynamics in any space where people work. Under this financial pressure, employers adjust operations; employees find themselves unemployed and facing a new environment at ... Read More

Pages: 9       Words: 2404

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The Formulation of Monetary Policy Under Uncertainty: A Case Study of the US Federal Reserve During the COVID-19 Pandemic

Central Banks faced the most uncertain economic life during the COVID-19 global pandemic. This chaos revolved around the US Federal Reserve regarding their attempts to strike a balance between price stability and economic recovery. This paper explores how the Federal Reserve coped amidst uncertainty about monetary policy during extreme turbulence. The global pandemic shockwaves caused ... Read More

Pages: 4       Words: 865

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Evaluation of the Macroeconomic Performance of Australia Under a Rapidly Changing World Economic Environment

Executive Summary The Australian economy reported significant growth of 3% in chain volume in the current financial year; labour productivity declined by 3.7%, and the household savings ratio dropped to 4.3% from 12.6%. At the same time, the country’s national net worth increased by $1.3 trillion to $19.0 trillion in the 2022/2023 financial year (Australian ... Read More

Pages: 13       Words: 3493

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Economics, Capitalism, and Justice

Introduction In the book “Redeeming Capitalism,” Barnes talks about the 2008 money problem. He thinks it happened because people were not being good and didn’t follow Christian duties when managing money (Barnes, 2018). This essay will look at what Barnes says companies and people did wrong, see what he suggests to improve capitalism, talk about ... Read More

Pages: 4       Words: 918

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Nature of the Relationship Between Carole and Perdue Using Resource Dependence Theory

Way(s) that Carole is dependent on Perdue The significance of resources Carole relies on Perdue for necessary supplies is consistent with the Resource Need Paradigm’s first assumption, highlighting how vital external resources are to an organization’s survival. Carole’s chicken farming business depends on Perdue for its essential needs of chicks, feed, and market access, highlighting the ... Read More

Pages: 3       Words: 760

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Embracing the Benefits of Working Less Than 40 Hours

Introduction The 40-hour Workweek is a historical and economic norm in modern labor. In the early 20th century, Ford Motor Company established the standard, believing that longer working hours would boost output. However, this conventional model must be reassessed as society and work change. This essay discusses the 40-hour Workweek’s origins and adaptations. A distinct ... Read More

Pages: 4       Words: 878

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