Inflation Inflation Over the last century many countries throughout the world have experienced inflation as their major economic problem. Expensive wars have traditionally been recognized as the sources of inflation. Governments, in effort to squeeze more production out of an economy, have often resorted to printing or releasing more money to finance the purchase of arms and sold

Inflation And Unemployment The relationship between inflation and unemployment is often taken to be one of the most reliable in macroeconomics. Everyone knows that rising unemployment means lower inflation, and falling unemployment means higher inflation. No single economic statistic attracts more notice or implies more about the well being of the social system than does the unemploymen

Is Our Money Safe' Is Our Money Safe' Sam Vaknin's Psychology, Philosophy, Economics and Foreign Affairs Web Sites Banks are institutions wherein miracles happen regularly. We rarely entrust our money to anyone but ourselves - and our banks. Despite a very chequered history of mismanagement, corruption, false promises and representations, delusions and behavioural inconsistency -

Japan As A Developmental State In The Post-War Period The post-World War II Japanese economic development was a catch-up process with other industrialized economies. Economic policies and corporate strategies were conducted with this utmost mandate in mind: to catch up. This general goal was shared by all economic agents with a national consensus. Macroeconomic policies, particularly mon

John M. Case Summary John M. Case Summary Business and Operating Characteristics: The company was established in 1920 to do contract printing of commercial calendars. Operations had been profitable since 1932 and sales increased every year since 1955. The compounded growth rate for the past five years has been 7%. Its expected growth is 5-6% per year. In 1984 standard desk calen

Kansas City Board Of Trade Robyn Fletcher The Kansas City Board of Trade (KCBT) is a place where buyers and sellers gather to trade their commodities. That KCBT they get together to buy and sell hard red winter wheat, the Value Line Index, natural gas, and the ISDEX Internet stock index. Future and options contracts can be lock into a purchase price or sale price in advance,

Farm Subsidies Farm Subsidies - A Necessary Evil' Subsidies are payments, economic concessions, or privileges given by the government to favor businesses or consumers. In the 1930s, subsidies were designed to favor agriculture. John Steinbeck expressed his dislike of the farm subsidy system of the United States in his book, The Grapes of Wrath. In that book, the gover

Adam Smith Adam Smith was known in his time as a philosopher but today he would be considered an economist. Smith’s works changed economics forever. He spent much of his life attending school, teaching classes, or working on one of his books. His two works were “The Theory of Moral Sentiments” and “An Inquiry into the Nature and Causes of the Wealth of Nations,” which is what he is mo

Adam Smith and David Ricardo: A comparative study Adam Smith and David Ricardo’s labor Theory of Value The labor theories of value were generated in response to the quest to determine what constitutes the price or value of a commodity, in other words, what renders value to a commodity' Classical theorists like Smith and Ricardo opine that a commodity derives its value from labor that go

Labor Economics And Labor Relations Reaction Paper # 3 is based on the Article, “Labor Economics and Labor Relations”, by Loyd Reynolds, Stanley Masters, & Colletta Moser. This article offers a number of economical viewpoints, which although justifiable and scientifically proven, are still subject to debate. The first disagreeable point made by the author’s was their belief that an em

Adam Smith and the Wealth of Nations Adam Smith and The Nature And Sources Of The Wealth Of Nations Adam Smith has been regarded to be the father of modern economics, and many of his ideas have been integrated the nations in the present day western world. His major work was "An Inquiry into the Nature and Causes of the Wealth of Nations," where he discusses many of his economic view

Adam Smith Adam Smith: An Inquiry Into the Nature and Causes of the Wealth of Nations Adam Smith is broken up into five different books with separate chapters. We will mainly focus on book IV and I. Book I is mainly concerned with how wealth is distributed as wages, profits and rent. The main argument in book IV has do to with how government should not try to direct industry into ex

Law OF Diminishing Returns Law oF Diminishing Returns The Law of diminishing returns is a key one in economics. It is used to explain many of the ways the economy works and changes. It is a relatively simple idea; spending and investing more and more in a product where one of the factors of production remains the same means the enterprise will eventually run out of steam. The returns wi

Liberalisation Of Financial Markets The main change in the financial markets recently has been that of increasing integration and globalisation. This increasing integration has been due to the liberalisation of markets, rapid technological progress and major advances in telecommunications, which has created new investment and financing opportunities for businesses and people around the w

Managing Trasaction Exposure Of A MNC This is the managing transaction exposure report for a multinational corporation with currency cash flows in Mexico and Colombia. This report will include Mexico and Colombia’s economic and financial environment, the forecast of there future spot rate, assessment of the size and risk of my exposure, appropriate hedging techniques, and finally the se

Advantages and Disadvantages of a 401k plan to the Employer and Employee A 401(k) plan is a retirement account to which employee and employer contribute, on which taxes are deferred until withdrawal, and for which the employee selects the types of investments. As with anything to do with the Internal Revenue Service, the 401(k) plan has many ups and downs and many regulations that must b

Market Crash Of 87 On October 19, 1987, the Dow Jones Industrial Average suffered its largest decline in its history. This caused many investors to worry about the possibility of the country heading into another depression. Fortunately, an event similar to the Great Depression did not materialize. Although we did not experience a depression, the ramifications of October 19, 1987 are s

Monetary Policy And Capital Flow Monetary Policy and Capital Flow An Econometric Analysis The problem I am studying is the relationship between monetary policy and capital flow. As with any macroeconomic issue, this is a complex topic which is influenced by many variables. Specifically, I will be looking at how domestic monetary policy, under fixed exchange rates, can create foreig

NAFTA And Its Benefits On June 12, 1991, the trade ministers of Canada, Mexico, and the United States met in Toronto, Canada to open negotiations for the North American Free Trade Agreement (NAFTA). It was an agreement between the three countries that would gradually remove all tariffs and other trade barriers on most goods produced and sold in North America. If successful, the agreemen

Need for Public Sector NEED FOR PUBLIC SECTOR A. INTRODUCTION The modern economy is a mixed system in which public and private sector forces interact together. The economic system is neither public nor private, but involves a mix of both sectors. We cannot deal with public economics only; since the public sector operates in interaction with the private, both sectors enter the analysi

Networks And Careers There are many modes of exchange that are used in the transaction of trade. Many of these exchanges are non-monetarized and are used to gain access to economic goods and services, such as jobs, money, labor contributions from others, or valuable information. These non-monetarized exchanges can be between impersonal transactors, who have no relationship with each ot

Globalization and the World Market Globalization and the World Market There are three words that were almost unheard of, until just a few years ago. Today we see them everywhere. Business Week and U.S. News and World Report magazines have sections dedicated to them. Do you know what they are' Globalization and the World Market. Now, do every day citizens realize what is truly mea

Tax Cuts A tax cut is often thought of as the magical solution to our economic problems, but a tax cut is not always what it seems. On June 7th President Bush has signed into law the biggest reduction in federal taxes since 1981. Some Democrats say the tax cut will divert revenues that the federal government needs to spend on education, prescription drugs and other priorities, but Bush s

September 2000 Employment Situation September 2000 Employment Situation On Friday October 6, 2000 the Employment Situation for September, 2000 was released. The statement showed many positive things for our economy and employment status. Total (nonfarm) employment rose by 252,000 in September. The return of striking communications workers to their jobs caused this figure to be hig

The Great Depression The Great Depression Starting in the summer of 1929 and continuing over the course of the next four years, financial markets, labor markets, and goods markets all virtually ceased to function. Throughout this difficult time period the government policymaking system seemed helpless. Since the end of the Great Depression, macroeconomists have discussed vigorously

Saving Plans Registered Education Saving Plan (RESP) A Registered Education Savings Plan is essentially a tax-deferral savings plan that you open on behalf of a future post-secondary student. While RESP contributions are not tax deductible, the income earned on contributions compounds on a tax-deferred basis. You may contribute up to $4,000 per year per beneficiary and RESP contribution

Globalization Globalization Globalization is a vast and dynamic process, which encompasses all aspects of our existence. Because of the vast nature of globalization it makes giving a neat definition difficult. Although globalization is a relatively new term in our eyes, it has been occurring throughout the world for the past 5000 years. In the most basic terms globalization is the ho

Social Security Most of the problems of the United states are related to the economy. One of the major issues facing the country today is social security. The United States was one of the last major industrialized nations to establish a social security system. In 1911, Wisconsin passed the first state workers compensation law to be held constitutional. At that time, most

Stock Trak Summary Principles of Finance Stock Trak Summary When I originally started my portfolio in Stock Trak I set very realistic goals for myself considering the state of the economy since September 11. I was looking for a steady, although not big return on my investments. I am happy to say that I have met those goals and will discuss the strategy that helped me achieve tho

Chinese Econmic Reform Chinese Economic Reform Two years after the death of Mao Zedong in 1976, it became apparent to many of China's leaders that economic reform was necessary. During his tenure as China's premier, Mao had encouraged social movements such as the Great Leap Forward and the Cultural Revolution which had had