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Category: Economics

Psychological Treatment for Depressed Students

Depression in school-age children may be one of the most overlooked and under-treated psychological disorders of childhood, presenting a serious mental health problem. Depression in children has become an important issue in research due to its many emotional forms, and its relationship to self-destructive behaviors. Depressive disorders are of particular . . . Read more

Demand And Supply For Agricultural Goods

The agricultural sector is a very unique sector in economics because it displays characteristics in terms of the demand for and the supply of its goods not seen in any other sector. The principal characteristics of demand are that it is both income and price inelastic and it has a . . . Read more

Introduction to Economics

a) ‘The production possibilities frontier is the boundary between those combinations of goods and services that can be produced and those that cannot’ (McTaggart, Findlay & Parkin, 2007). The PPF compares two products and a model economy is used where everything remains the same (ceteris paribus), i.e. production cost, demand, . . . Read more

Karl Marx and Political Economy

Marx’s thoughts on political economy and his critiques on capitalism stem from the question that all human society must face; what must we do to survive? Mainstream economics questions how we organize ourselves to meet the unlimited wants of people by allocating scarce resources. The political economy focuses on social . . . Read more

Study On Drugs Violence and Economics

One point on which almost everyone interested in drug prohibition agrees is the existence of a connection between drugs and violent crime. The disagreement is in the form of the connection and the sign of the correlation. Supporters of drug prohibition typically argue that drug use leads to violent crime . . . Read more

Economics Of The European Economic Community

The prospect of a united Europe has been in the minds of people since ancient times. In history, there have been many attempts to unify the European continent one such as Charlemagne, Napoleon, and Hitler. It is only now that the unification of Europe seems to be possible through the . . . Read more

Economics And NAFTA Argue

Oregon’s largest export is suffering. Lumber prices are at the lowest weekly level in almost five years. You can’t blame a recession in the economy this time though. Lumber prices have fallen dramatically from the beginning of this year and there are many different causes for it. The price of . . . Read more

Economic Implications of Arctic Oil Drilling

For more than a decade, the debate over drilling for oil on the Coastal Plain of the Arctic National Wildlife Refuge [ANWR] has continued unabated.” This is the opening line of the introduction to the commonly encountered ethical paradox of economic interests versus moral interests. This paradox is steadfastly centered . . . Read more

Can Economics Really Be Considered A Science?

This is a question that has been debated for decades. Why do we describe economics as a ‘science’ when it is the study of human behavior, why not class it within the arts or humanities? Economists argue that they analyze problems such as developing human behavior theories and test them . . . Read more

The Economics Of Thorstein Veblen

There seems to be little question that Veblen had a grasping and intelligent mind; as a young man, he read ferociously. But, Veblen proceeded in life as an isolated figure; his mind unpenetrable by others; and his personality matched his physical appearance, — strange. “He walked through life as if . . . Read more

Critique of Marxian Economics

Jon Elster concluded his Making Sense of Marx with the claim that ‘It is not possible today, morally or intellectually, to be a Marxist in the traditional sense’ (1985, p.531). Acceptance of this statement depends, of course, on what is meant by traditional Marxism. Elster makes it clear that what . . . Read more

Fiscal Policies And Taxation

The means by which a government adjusts its level of spending in order to monitor and influence a nation’s economy it’s known as Fiscal policy. The federal government’s chief source of funds to cover its expenses is the income tax on individuals, which in 1999 brought 48% of total federal . . . Read more

Against Raising the Minimum Wage

When was the last time a “value” meal from McDonald’s, let alone any other fast-food chain, did not cost five dollars or more? When was the last time premium gas was under a dollar a gallon? It’s hard to remember, isn’t it? Wouldn’t it be great if everything cost a . . . Read more

Is Economic Growth Necessary for Economic Development?

Economic growth is a necessary but not sufficient condition of economic development. There is no single definition that encompasses all the aspects of economic development. The most comprehensive definition perhaps of economic development is the one given by Todaro: ‘Development is not purely an economic phenomenon but rather a multi–dimensional . . . Read more

Intellect Economics – Increasing Returns

Our understanding of how markets and businesses is an understanding based squarely upon the assumption of diminishing returns: products or companies that get ahead in a market eventually run into limitations so that a predictable equilibrium of prices and market shares is reached. The theory was in rough measure valid . . . Read more

Keynesian Economics vs. Supply Side Economics

Two controversial economic policies are Keynesian economics and Supply Side economics. They represent opposite sides of the economic policy spectrum and were introduced at opposite ends of the 20th century, yet still are the most famous for their effects on the economy of the United States when they were used. . . . Read more

Marginal Benefit Cost and Scarcity Paper

Define the concept of scarcity: Scarcity: The goods available are too few to satisfy individuals’ desires. Scarcity is a central concept in economics. Resources are scarce if any individual would prefer to have more of that good or service than they already have. Most goods and services are scarce – . . . Read more

U.S. Budget Deficit Essay

“Spending financed not by current tax receipts, but by borrowing or drawing upon past tax reserves.”, Is it a good idea? Why does the U.S. run a deficit? Since 1980 the deficit has grown enormously. Some say it’s a bad thing, and predict impending doom, others say it is a . . . Read more

Imports And GDP Essay

Have you ever go to New York for vacation, buy a Hyundai (Korean Manufacturer) car, or buying an Acer (Taiwan Manufacturer) computer. Have you consider that this transaction will affect the GDP for Canada. By definition, Imports are the purchase of goods produced in the rest of the world by . . . Read more

Economic Impact Of A Sports Facility

Before a facility’s economic impact can be determined, a feasibility study should be done to excite the community members about the facility. The purpose of a feasibility study is to “provide research information about the community, special interest groups, and its use as a decision-making tool in the community” (Farmer, . . . Read more

Why Gas Prices Are Rising: Economics Of Oil

OR EVEN ABOUT SQUEEZING a few more miles out of each precious tankful. But among the special-edition Ferraris, bizarre Cadillac studies, and a whole new crop of gas-guzzling SUVs, not all that many people were talking about cheaper and cleaner ways of getting around. The section of the show dedicated . . . Read more

Classical Economists And Their Contributions

Without classical economists such as Adam Smith, Thomas Robert Malthus, and David Ricardo, modern economic theory would not be the same. Although differences of opinion were numerous among the classical economists in the time span between Smith’s Wealth of Nations (1776) and Ricardo’s Principles of Political Economy and Taxation (1817), . . . Read more

Classical Economists Essay

As a coherent economic theory, classical economics start with Smith continues with the British Economists Thomas Robert Malthus and David Ricardo. Although differences of opinion were numerous among the classical economists in the time span between Smith’s Wealth of Nations (1776) and Ricardo’s Principles of Political Economy and Taxation (1817), . . . Read more

Checks And Balances Essay

The system of Checks and Balances. The U.S. Government has three branches of government Legislative, Judicial, and Executive. These branches of government have a means of checks (constitutional) by the other branches. Each has certain powers to check and balances the other two branches. The good about these checks is . . . Read more

Human Trafficking Essay

Example #1 There are thousands of children, men, and women being forced into human trafficking in the world today. To the majority of society, human slavery is a concept that occurred many years ago and was abolished, but in reality, it has turned into a horrendous financial market that rids . . . Read more

Costco Essay

costco essay

Example #1 Costco – A Cathedral of ConsumptionCostco, most certainly, is a “Cathedral of Consumption” Costco has contributed to individuals consuming far more than they need to consume. It has become a place of hyper-consumption and its great size is enchanting to many shoppers. Thus, going to Costco has become . . . Read more

WalMart Essay

wal mart essay

Example #1 On July 2, 1962, Sam Walton opened the first Wal-Mart store in Rogers, Arkansas. At the time, the discount industry was fairy young and nobody wanted to take the risk and invest in the first Wal-Mart. However, Sam Walton was convinced that consumers would flock to a discount . . . Read more

Income Inequality Essay

Income Inequality Essay

Example #1 Income inequality in the United States remained relatively stable for a period of nearly forty years. Beginning in the 1970s, however, this period of stability ended, as the first signs of widening income inequality became apparent. Over the course of the 1970s and 1980?s, an increasingly clear trend . . . Read more

Supply And Demand Essay

Supply And Demand Essay

Example #1 In the article, we find that teenagers have the opportunity to be demanding about their salary in the babysitting field because the number of babysitters today is scarce. The babysitting population, teenagers, find themselves busy with school, part-time jobs, and extracurricular activity. Teenagers with drivers licenses are even . . . Read more

Legalize Weed Essay

Legalize Weed Essay

Example #1 People can’t live without the herb man, / If not they’d be drinking? and driving? and swerving? / But thanks to Dr. Greenthumb, weed grow / In the backyard or inside with hydro,? chants B-Real of Cypress Hill in their hit song, ?Dr. Greenthumb,? which glorifies the cultivation . . . Read more

Economics Essay

economics essay

Example #1 Free market and mixed economy An economic system is made up of the organizations and the techniques that are used to determine the commodities to be produced, the approach of producing them, and the intended consumer of these commodities. These decisions are important because resources are scarce. There . . . Read more