Essays and Research Papers on Economic Theory

A 6 page paper. The primary question addressed by the writer is: Does capitalism bring about democracy? If a country has a capitalistic economy, will that nation also adopt a democratic form of government? This is a highly debated question among economists and politicians. The writer provides evidence on both sides of the issue, using ...

A 6 page paper discussing econometric assessment of the movement of gas prices using the variables of time of year, price movements and the price of crude oil. The paper provides a discussion of factors possibly affecting price and demand, including elasticity and producers’ share of the final price. The paper provides Department ...

10 pages in length. The writer discusses how the concept of capitalism speaks well to the opposing views of Malthus and Adam Smith, inasmuch as Smith supported the notion that capitalism was socially, politically and economically beneficial for the greater good, leaving little consideration for the remaining minority few. Indeed, adopting such a position ...

This 8 page report discusses the macroeconomic realities of the gross domestic product or GDP and the ways in which it serves as an important indicator of the health and well-being of a nation’s economy. Information from the President’s report is tied in with the most basic aspects of how and why the status of ...

An 8 page paper that explains Smith's thoughts on the division of labor and how this leads to a prosperous nation with examples as provided by Smith in Wealth of Nations. This is a work that is more than two centuries old and yet, Smith's words guide the work of contemporary political economists. Smith's influence ...

A 5 page paper that discusses the central banks of the U.S. and Australia. Specifically, the writer discusses the three most common monetary policy instruments, i.e., actions the central bank can take that will affect the economy, and expansionary and contractionary policies. Why both Australia and the U.S. adopted expansionary policies in 2001 and what ...

This 5 page paper provides an overview of the U.S. economy in 2002 with the use of a variety of economic indicators. GDP is discussed along with the inflation and unemployment rates. Many aspects are included that look at a ten year period (1992-2002). Three charts are provided. Bibliography lists 11 sources.

This 6 page paper considers why in an age where incomes and utility is increasing the birth-rate is decreasing. Issues considered include opportunity cost, absolute costs as well as changing social structures. The bibliography cites 5 sources.

This 6 page paper argues that the stock market may be seen as a very efficient market where share prices will always represent the underlying intrinsic value of the shares, even where there is an asymmetry of information. The paper uses the efficient market hypothesis (EMH), to explain this, relying on the ideas of Fama. ...

This 19 page paper evaluates the eurosystem with a focus on monetary policy. The new euro has caused some worry and this paper addresses a variety of issues from concern over transparency to the realization that the euro has not fared as well as expected. An overview of the Eurosystem is provided along with ...

This paper discusses economics in terms of price theory, the idea that price drives the market, rather than supply or demand. Bibliography lists 5 sources.

This 5 page paper looks at three organizations which forecast the economy. All conclude that things are picking up as 2002 opens and positive things are anticipated. How the forecast impacts a hypothetical organization is also discussed. Bibliography lists 5 sources.

A 5 page paper discussing sources and types of unemployment, particularly as it relates to the course of the overall economy. The economy is seen as continuing to recover from the recession that is now officially ended. Unemployment likely will continue to improve as well, but it is highly unlikely that it will ...

This 7 page paper discusses the life of Alexander Hamilton and the impact he had on economics in this country. This paper examines his contributions to economic policy and their lasting effects. Bibliography lists 13 sources.

This 10 page paper considers the influences that are seen to have an effect on house process and how these vary between the regions. The paper looks at this from the perspective of supply and demand, with the higher demand areas suffering disproportionate increases in house process. The writer then uses this information to cross ...

25 pages answering a variety of mid-level economics study questions. Topics focus on Porter's five forces, sustainability, competition, pricing, revenue destruction, Cournot equilibrium and other similar topics. Bibliography lists 4 sources.

This 6 page paper provides an overview of the minimum wage argument. What the minimum wage does to the economy is the focus of the paper. Bibliography lists 4 sources.

A 5 page paper examining whether Microsoft has a monopoly in the context of economists' definitions. The paper discusses perfect competition, monopoly and the differences between them, and then assesses an article from Britain's The Economist in light of economists' definitions of the terms. The paper notes that Microsoft was unable to sell ...

This 5 page paper compares and contrasts these two schools of economic thought to identify their similarities and differences. The bibliography cites 3 sources.

5 pages. An excellent and thorough explanation of the Game Theory of economics. Explains in detail how this theory works and how it applies in real-world situations to companies with oligopolies. Standard microeconomics provides a theory of decision-making where the outcomes of various decisions are known. Game theory provides rational solutions ...

This 5 page paper merely uses Pennsylvania as an example but generally addresses the logic of having excise taxes. The cigarette tax debate is explored. Taxes in Pennsylvania are compared with that of other states. Bibliography lists 7 sources.

5 pages. The Yankee Candle Company is analyzed and their market structure analysis is the main consideration in this thorough look at the inner workings and structures of a major corporation. This paper can apply not only to the Yankee Candle Company but is an excellent overview of how one constructs a market ...

A 7 page paper discussing the state of the economy. Alan Greenspan has gone before Congress in May 2002 to inform the legislators of the state of the economy and the intentions of the Federal Reserve. He outlines current economic indicators and qualifies rising unemployment to arrive at a conclusion to allow interest ...

This 24 page paper looks at the way in which increased taxes may influence the demand level for cigarettes and reduce the consumption of cigarettes. A literature review which examines many different studies is followed by the application of the studies in an econometric model complete with relevant model variations and predictions. The bibliography cites ...

A 5 page paper discussing short-term economic challenges. The still-emerging world economy ultimately will be managed online in some manner, whether via the Internet or over a series of intranets. Western Europe has simplified business there with the creation of the monetary union and a common currency. Shipping is becoming more efficient ...