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John Maynard Keynes and Friedrich Hayek – Economies around WWI

John Maynard Keynes and Friedrich Hayek were economists. Keynes believed in government regulation of markets. Hayek believed in free markets. Lenin was against the world economy and opposed International Trade. His ultra-communist policies were a disaster in the Soviet Union. Keynes was an economic adviser to the British government during and after World War I. … Read more

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Auctions

WHAT IS AUCTION? An auction is a method of purchasing and selling of goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. TYPES OF AUCTIONS. • English auction: mostly referred to as “open ascending price auction’’ is a type of auction that is the … Read more

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Turkey’s economic crisis

Succinctly and superficially, Turkey’s economic crisis of 2001, which led to a downturn of around 12 percent, was caused by too-high public deficits, out of control inflation and the subsequent devaluation of the lira (Kriwoluzky and Rieth p 356). But to understand how this happened, we must first look at Turkey’s history of chronically high … Read more

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Growth in the telecommunication sector in Nigeria

The final chapter of this research paper, where all the results gotten the previous chapter will be discussed and summarized. Another related research finding are also talked about, before concluding and giving some recommendation if need be. 5.1 SUMMARY AND FINDINGS An empirical study and analysis were carried out to determine the result of two … Read more

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The future of the United States

It is evident that the 21st century faces a shift of both wealth and power from the West and North towards the East as well as the South. Some anxious observers argue that a change will occur in the world making it look less American as it happened at the close of the 20th century. … Read more

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Unemployment in Pakistan

INTRODUCTION:- Unemployment plays very important part in our life. Today I’m going to discuss about the unemployment in Pakistan. Unemployment is one of the biggest problem In Pakistan. That person in unemployed who has ability to do work and Is willing to do work but is unable to get job opportunity in the current situation … Read more

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Cause Analysis of the European Sovereign Debt Crisis

What was the European Sovereign Debt Crisis? In order to be able to fully analyze the causes of European Sovereign Debt Crisis its important to understand what the Crisis is. The genesis of the European sovereign debt crisis began in Greece where a higher risk premium was assigned to the Eurozone region. By late 2009 … Read more

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Value of Ringgit

INTRODUCTION According to study performed by Jeffrey A. Frankel, 2005 exchange rate is defined as the price of foreign currency. For instance, the exchange rate between Malaysian Ringgit and Dollar is generally expressed in dollar per Ringgit ($/RM). The exchange rate acts a major role in the country economy growth and easily being affected by … Read more

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Poultry Industry In Nigeria

Poultry refers to all birds of economic value to man, examples include chickens, pigeon, duck, pheasant, quail, guinea fowl and recently ostrich all which belong to the zoological class aves.Atteh,(2004) stated that poultry have been on earth for over 150 million years, dating back to the original wild jungle fowl. Poultry offered a range of … Read more

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The Greek Economic Crisis

The Greek Economic Crisis (Stratfor, 2011) Greece, a land fraught with conflict over her long and storied life. Greek geography has been both a blessing and a curse throughout history that stretches back to the 6th century BC. Greece has given the world many gifts, the first Olympic Games in 776 BC and classical Greek … Read more

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Role of financial markets in a modern economy

Question 1: Discuss the role of financial markets in a modern economy. Explain how financial markets bridge the gap between borrowers and lenders. Financial markets play a vital role in the allocation of resources and operation of modern economies. Financial markets create products that provide a return for those who have excess funds (Investors/lenders), making … Read more

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Republic of Chad economic analysis

The situation nowadays in the Republic of Chad is still being fully frustrating. Some remarkable evidences: – deficit of the basic infrastructure is obvious and appearing as one of the main gaps of the Republic. Energetic sector of the Republic of Chad has been totally unmanaged by the STEE – Chad Water and Electric Society. … Read more

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Game of Theory

“Game of theory” has played a fundamental role in the global economy and has changed the neoclassical economic ideal, focusing on imperfect competition among operators. Economists moved forward, trying to deliver innovative theories to adapt in the global economy, still conscious that Game of Theory was an excellent result, but still not optimal; governments sometimes … Read more

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Final Paper Outline and Annotated Bibliography (China Economic Reform)

 Final Paper Outline and Annotated Bibliography 1. Introduction: An overview of China’s economic reform. (1 page) a. Abstract: This paper examines the past, present and future of the China Economic Reform implemented since 1978. Specifically, interpreting the economic and political background that leads up to the reform, investigating the successes and failures in economic, political, … Read more

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Attacks on democratic institutions in Third Wave democracies

Introduction Civil liberties and political rights in countries across the world are at their lowest point in a decade in 2017 with over seventy one countries experiencing a net decline in individual freedoms and democratic rights according to a FreedomHouse report (1). In fact, 2017 marked the 12th consecutive year of decline in global freedom … Read more

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Economics and Geography can work side by side

Economics and Geography can work side by side, hand in hand, an unusual combination, as one would normally link Business and Economics as the ideal marriage. A concept I have been exploring since being inspired by my first Model United Nations conference in Thailand, whereby the debate was on how economic growth impacts the environment. … Read more

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Womenomics – using gender equality as a mask for economic motives

“Womenomics”: using gender equality as a mask for economic motives Introduction According to the Global Gender Gap Report in 2017, Japan ranks 114 out of 144 countries surveyed for gender equality (Economic World Forum, 2017, p. 11). Japan specifically struggles in terms of economic participation and opportunity, and political empowerment. In recent years, particularly since … Read more

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Economic case for launch of new product (Gluten Free Bread)

Managerial Economics Assignment 1.0 Introduction The purpose of this paper is to present the economic case for the launch of a new product, designated a ‘Gluten Free’ (GF) Bread. 2.0 Domestic economic landscape “Almost every economy in the modern world falls somewhere along a continuum running from pure market to fully planned” (Investopedia, 2016). As … Read more

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