Economic eport Card
The nature of the economic world is in constant flux and changes, requiring the student of the subject to be aware of the many patterns and tendencies that are contained within any economic or market system. The purpose of this essay is to examine and compare the current economic situation of today to that of five years ago. This essay will explore the monetary and fiscal policies of the United States since 2009. This essay will explain how different indicators within the economy have the potential to paint different stories and ideas about the true health of the economy. This essay will argue that each component discussed must be held within the context of the larger economic picture in order for it to be totally understood and then implemented into a policy that may help correct or take advantage of that trend.
The Last 5 Years
It is widely accepted…...
mlaReferences
Auerbach, A.J., & Gale, W.G. (2009). The economic crisis and the fiscal crisis: 2009 and beyond. Urban-BrookingsTax Policy Center.
Bridge, R. (2013). 100 years of economic turmoil: Is it time to End the Fed? Russia Today, 23 Dec 2013. Retrieved from http://rt.com/op-edge/end-fed-us-paul-crisis-673/
Stillwell, V. (2014). American's Outlook for U.S. Economy Falls to Seven-Month Low. Bloomberg, 22 May 2014. Retrieved from http://www.bloomberg.com/news/2014-05-22/americans-outlook-for-u-s-economy-falls-to-seven-month-low.html
Snyder, M. (2014). 27 Huge Red Flags for the U.S. Economy. Press TV, 22 May 2014. Retrieved from http://www.presstv.ir/detail/2014/05/24/363906/huge-red-flags-for-us-economy/
U.S. MACOECONOMIC TENDS AND POLICIES
Macroeconomic Status
The major recession that began in the United States in 2007 has drastically changed the landscape of the American economy, both in present times and for the future. Several major indices can be analyzed to determine the nature of this change, and there are many policy avenues in place through which the government can act to control its future course. By examining the current macroeconomic trends in the U.S., we can determine the likely economic scenario that we face in the future, and by understanding the fiscal and monetary policy tools at the government's disposal, we can determine the best method for manipulating those trends for a better outcome.
One macroeconomic trend that has been particularly troubling for economists and politicians during this recession is the civil unemployment rate. According to the Federal eserve Bank of St. Louis Economic Data (FED) site, the unemployment rate in…...
mlaReferences
FRED Economic Data Tools. [2011] Economic Research, Federal Reserve Bank of St. Louis. Retrieved 3 October 2011 from http://research.stlouisfed.org/fred2/ .
Long-Range Economic Forecasts [2011] The Financial Forecast Center. Retrieved 3 October 2011 from http://www.forecasts.org/inflation.htm .
Klein, Ezra [June 7, 2010] "American does not have an expansionary fiscal policy." The Washington Post Online. Retrieved 3 October 2011 from http://voices.washingtonpost.com/ezra-klein/2010/06/america_does_not_have_an_expan.html
macroeconomic themes that have been taught or covered in this course is economic policy and its role in determining or influencing economic growth and development. Economic policy is a subject that has attracted considerable attention in recent months because of the presidential elections in the United States. Actually, monetary policy was one of the major issues in recent presidential campaigns and elections. This issue has also been subject of several publications by different new sources because of its significance in the country's economic growth and development. Paula Dwyer wrote an article to examine the recent rise of the Dow Jones Industrial Average in the aftermath of Donald Trump's election as the U.S. President. This analysis was carried out on the premise of the impact of Trump's economic policies on different aspects of the economy. The U.S. market has shown indication of its approval of Trump's economic policies in different…...
mlaWork Cited
Dwyer, Paula. "The Hidden Meaning of Dow 20,000." Online posting. Bloomberg Businessweek. Bloomberg L.P., 22 Dec. 2016. Web. 23 Dec. 2016. .
Respiratory Issues Complicated by Economic Disadvantage
Socio-economic status, commonly referred to as SES can be describes as the economic or social standing of an individual, and is a measure of the person’s economic or social position in a social group. SES is a composition of different measures such as education, earnings, location of housing or job. According to studies, a lower socio-economic status can be related to unequal access to healthcare in several illnesses. There exists emerging data and information on respiratory diseases such as asthma, COPD, pulmonary hypertension, cystic fibrosis and other pulmonary ailments which suggest a similar observation also noticed in other chronic ailments (Sahni, Talwar, Khanijo & Talwar, 2017).
Asthma is a chronic inflammatory illness that presents permanent condition with varying severity levels all through the life of the affected persons. It affects individuals of all ages and presents its highest frequency in childhood. Latest data gathered from the…...
Shame in My Game: The Economic Sociology of Poverty
Poverty in America is such a politicized topic that it can be difficult for even the most neutral people to discuss. Part of the reason that poverty is so political is that most Americans have a romanticized notion of the free-market system and believe that the American dream is easily achieved if one applies sufficient hard work. However, the reality is that while America may be a free-market economy, it is also an economy where the wealthy have much greater access to politicians than the average individual, and where much of the socio-economic political structure has been developed to preserve wealth for the upper-class. Another reason that poverty is such a political issue is because poverty is so linked to race in America. Many people reject the notion that the fact that so many minorities are trapped in lives of poverty…...
mlaWorks Cited
Newman, Katherine. No Shame in My Game: The Working Poor in the Inner City. New York:
Knopf and Russell Sage Foundation, 1999. Ebrary. Web. 5 Apr. 2010.
Energy costs increased substantially and the yen's exchange rate was shifted to a floating rate. The eventual recession reduced expectations of future growth and reduced private investment. Economic growth went down from 10% to 3.6% during the period 1974-79 and to 4.4% in the decade of the 80s. ut despite the oil crisis and its consequences, Japan's major export industries stayed competitive through its cost-cutting policy and increasing efficiency. It reduced industrial energy demands and allowed the automobile industry, along with other industries, to improve. y the late 70s, the computer, semiconductor and other technology and information-intensive industries entered a period of rapid growth. During this high-growth era, exports continued to support Japan's robust economic growth in the 70s and in the 80s. However, the problems encountered on account of its growing balance of payments surplus urged for the opening of domestic markets and a stronger focus on domestic…...
mlaBibliography
Answers.com. (2007). Shigeru Yoshida. 4 pages. Encyclopedia Britannica: Answers Corporation
Bernier, B. (1980). The Japanese peasantry and economic growth since the land reform of 1946-47. 40 pages. Vol 12 issue 1. Bulletin of Concerned Asian Scholars: Questia Media America, Inc.
Luu, L.T. et al. (1996). Summary report on Japan. Team # 6. Chinman: University of Hawaii..
Retrieved March 14, 2007 at http://www2/hawai.edu/~chiman/file2,htm
That is, international financial organizations, such as the World Bank and the International Monetary Fund and which controlled by core states, decide that, in order to grant financial aid to undeveloped countries, these states should comply with some rules that are, in the end, in the detriment of their own economy. For example, Africa pays more to the IMF and World Bank, than it collects in credit from them, and this leads to low living standards, poor education and health systems and undeveloped infrastructure.
Besides financial institutions, transnational corporations have a saying in the economic development of a country. Although one might be tempted to say that a corporation, by creating a branch in an undeveloped country gives that economy a boom, it is actually all about personal gain.
Working in a corporation might be considered the best thing that could happen to a person, on a professional scale. You have…...
mlaReferences
Chomsky, Noam. "DRCNet Interview: Noam Chomsky." Drug War Chronicle Aug.2002. Drug Reform Coordination Network. Washington DC. 2.08.2002. http://stopthedrugwar.org/chronicle-old/223/noamchomsky.shtml .
Korten, David C. "When Corporations Rule the World." USA: Berrett-Koehler Publishers; 2 edition, 2001
Kozol, Jonathan. "The Shame of the Nation. The Restoration of Apartheid Schooling in America." New York: Crown Publishers, 2005
Wallerstein, Immanuel. "The Modern World-System: Capitalist Agriculture and the Origins of the European World-Economy in the Sixteenth Century." New York: Academic Press, 1976
Economics Discussions
Production Costs
Postal Service (USPS) operates at a loss but its closest competitors -- UPS and FedEx -- both operate at a profit. Suggest how fixed costs have contributed to the situation of the USPS. Provide support for your response.
I would suspect that the fixed costs of contributing to employee's retirement funds (Risk Analysis Research Center, 2009, p. 4) and also their restriction from closing local offices (Slentz and McCann, 2009, p. 12) contributes to higher fixed cost at USPS than FedEx because FedEx is not unionized and while UPS is unionized, and thus experiences a fixed cost that is incurred to the level of union contracts, those contracts are more negotiable for UPS than USPS, and nonexistent or fluid for FedEx. Furthermore while union contracts probably affect the rate of closure for physical facilities for UPS, this would probably be more negotiable than for USPS and FedEx especially if…...
mlaLemon Law
5. From the e-Activity, compare and contrast the lemon law in two different states and analyze which offers the best protection for the consumer. Suggest what both states could do to improve their laws. Provide support for your response.
The California and Alaska Lemon Laws are largely the same except the California law (State of California Department of Justice 2012) restricts replacement / compensation to vehicles driven under 18,000 miles within the warranty period but the Alaska law (Carlemon.com, n.d.) does not restrict the warranty period by number of miles driven. All states could benefit from a uniform definition of "reasonable attempt" to replace or refund, which depends upon, and thus also entails, a standardization
S. The societal system practiced in France serves as a model towards which the U.S. aspire.
President Barack Obama's healthcare reform plan is considered by many as being a socialist experiment that will significantly hurt the economy (CBS, 2009). In opposition, the President has stated that he does not intend to implement a healthcare system that depends on the government. Instead, he would prefer a system in which the government competes with private insurance companies for selling coverage.
The Invisible Hand Principle
The invisible hand principle was developed as an opposition to the protectionist system. This principle is actually a metaphor describing the self-regulating characteristic of the market. In other words, such a system can be implemented due to a combination of factors, like self-interest, competition, supply and demand. Adam Smith, who developed this theory, considered that the action of these forces and their effects are able to allocate resources within the society.
However,…...
mlaReference list:
1. Eddlem, T.R. (2009). Obama needs to learn "opportunity cost." The New American. Retrieved February 26, 2010 from http://findarticles.com/p/articles/mi_m0JZS/is_15_25/ai_n32369481/?tag=content;col1 .
2. Dorrien, G. (2009). Is the Economic Crisis a Sin? Newsweek. Retrieved February 26, 2010 from http://www.newsweek.com/id/206095.
3. Steele Calls Obama Health Plan "Socialism" (2009). CBS News. Retrieved February 26, 2010 from http://www.cbsnews.com/stories/2009/07/20/politics/main5174417.shtml .
4. Remarks by the President on Financial Rescue and Reform. The White House. Retrieved February 26, 2010 from http://www.whitehouse.gov/the_press_office/Remarks-by-the-President-on-Financial-Rescue-and-Reform-at-Federal-Hall .
(Buchanan, 72)
The economic policy tools that were employed just after the war subsequently underwent some changes. From 1947 to 1950 direct controls on wages and distribution were eliminated followed by removal of trade controls in 1958. However, the government continued to maintain its hold over prices and credit distribution which made it different from many of its neighboring states in the postwar period. The French Ministry of Finance exerted greater control over the economy than the Bank of France. This led to a greater predilection to resort to devaluation when external equilibrium resulted due to the state failure to control incomes. In France, the period between 1945 and 1975 was known as the "thirty glorious years" because of the phenomenal economic performance. During this period, the average growth rate of GDP was around 6.8% which was quite remarkable considering that Britain's average GDP growth rate was 2.4% and Germany's…...
mlaReferences
Bathelt, Harald; Wiseman, Clare; Zakrzewski, Guido. Unit 1: Post-war development and structure of the German economy.
Buchanan, Tom. Europe's troubled peace, 1945-2000.
Wiley-Blackwell, 2006.
DeLong, J. Bradford. Grasping reality with both hands: A Fair, Balanced, Reality-Based,
He would be faced with deciding whether he must spend all his available resources on goods or services, or whether he must save some of his income so that he would be able to finance some of his needs of his future. When he is taken as a labor resource, he must make the decision whether he must use his time in working for his pay, or whether he must spend it on sleeping and other leisure time activities. ("Decision making using marginal analysis," n. d.)
Similarly, when he is a labor resource, he must decide how much of his time he must spend on education, so that he may be able to maximize his life earnings. On the other hand, if he were an entrepreneur, then he must make the decision on how many people he must hire, or how much he must spend on acquiring a new product…...
mlaReferences
Evans, Edward. (2005) "Marginal analysis, an economic procedure for selecting alternative technologies/practices." University of Florida, Institute of Food and Agricultural Sciences. Retrieved 15 December, 2007 at http://edis.ifas.ufl.edu/FE565
Johnson, Paul. M. (2005) "Marginal Analysis: A glossary of political economic terms" Retrieved 15 December, 2007 at http://www.auburn.edu/~johnspm/gloss/marginal_analysis
McConnell, Campbell R; Brue, Stanley L. (2005) "Economics, principles, problems and policies" McGraw-Hill Professional.
McEachern, William a. (2006) "Macroeconomics, a contemporary introduction" Thomson
Economic Depression of Europe
An economic depression is more severe than a recession due to the fact that a depression involves drastic decline in a national or international economy, characterized by decreasing business activity, falling prices, and high levels of unemployment.
There were economic depressions in Europe that were experienced before and after the 1870 but with a remarkable difference, being that those that were experienced before the 1870s were less costly in terms of life and resources and took relatively lesser period. Indeed it was a commonplace that every part of Europe experienced one sort of economic depression or the other.
One such economic situation before 1870 was the "little ice age" which began in the late 16th century till around 1950s as indicated by Big Site of History (2011). This was a time when a severe cold that could not be withstood by most crops set in most part of Europe.…...
mlaReferences
Big Site of History (2011). Social Trends in 17th Century Europe: The Problem of Divine-Right
Monarchy. Retrieved July 18, 2011 from http://bigsiteofhistory.com/social-trends-in-17th-century-europe-the-problem-of-divine-right-monarchy
Historic UK, (2011). The Great Plague 1665. Retrieved July 18, 2011 from http://www.historic-
uk.com/HistoryUK/England-History/GreatPlague.htm
These decisions necessarily entail that some potentially productive opportunities are sacrificed in order to make what is estimated as the most productive choice.
Supply and demand refer to specific products and services, the ability to provide these, and the level at which they are desired by the target market. uyers desire a product or services, and therefore demand a certain quantity of these at a certain price. The relationship between the price and quantity of desirability is the demand relationship. Supply is the actual quantity of the product or service that the market can provide. The concept of supply relationship is the correlation between supply and the price received by the supplier, who is willing to supply a certain amount of products at the price received.
The dynamic in the relationship between demand and supply has a direct influence on the efficient allocation of resources within an economy, as well as…...
mlaBibliography
NetMBA.com. (2002-2007). Production Possibility Frontier.
Ergo, the role of the EU seems to be that of implementing protectionist policies. These would be developed onto three simultaneous directions.
A first set of policies would revolve around the creation of a new market architecture at the EU level. This would strengthen the EU's position in the face of future challenges by:
ensuring a sustained and strong support from central banks allowing banks to rapidly implement the rescue plans, and allowing the Union to rapidly implement decisive methods that would prevent the expansion of the crisis to other countries (Commission of the European Communities, 2008).
A second set of strategies revolves around the necessity to really analyze the impacts the crisis has had upon the real economy and find ways in which to improve the real economy. These policies would combine short-term solutions to issues in need of rapid response as well as long-term projects. The short-term solutions would be…...
mlaReferences
Budowsky, B., January 22, 2008, the Economic Crisis, the Hill
Kilmister, a., December 2008, the Economic Crisis and Its Effects, World Economy, No. 407
Miller, J., Jackson, B., Who Cause the Economic Crisis? The Annenberg Public Policy Center of the University of Pennsylvania
last accessed on January 7, 2009http://www.factcheck.org/elections-2008/who_caused_the_economic_crisis.html ,
Ultimately, these issues results in hunger and famine, where these inhabitants become deprived of the basic facilities that they are entitled to, as being a citizen of the country (World Hunger Education Service, 2012).
3. Impacts of Hunger and Famine in U.S.
The standard of living means to have a healthy, vigorous and active life. Keeping in mind, the standard of living, the hunger crisis in the U.S. is calculated and determined when its residents are not able to meet the nutritional needs to live a dynamic life. This indicates the fact that the people have lack of access to the nutritious, healthy and safe food. As a consequence, the inhabitants (especially of the low-income groups) tend to opt for foods that are less expensive with usually low nutrients, so that they can meet up to the financial components. Moreover, it has also been observed that meals are also dropped from…...
mlaBibliography
Anonymous. "Hunger in the U.S. -- Families in Crisis." The Hunger Site, 2012. Web. 29 Dec 2012
This website has discussed how hunger has become one of the harsh realities of the United States, even though it is a land of abundant resources. The impact of hunger upon the individuals, society and eventually on the nation has been argued by the author. Solving the hunger problem has also been articulated in the study. I have used this website with the prime motive to surface the impact of this enormity upon various bodies.
Austin, Michael. Reading the World Ideas That Matter. 2nd Edition. New York, USA: W.W. Norton & Company, 2012. Print.
This book is about the contemporary readings and classic texts that are particularly based on the diversity of views on ideas. This diversity helps an individual in exploring the development of ideas in different cultures and at various occasions.
Social class is an incredibly complex concept. Many people assume that it is primarily defined by socioeconomic status. However, while wealth or the lack thereof may play some role in determining social class, it is not the only determinant. Other factors in addition to class can help determine social stratification. In the United States, this concept can often be looked at new money versus old money. If these delineations are preset, is social mobility even possible?
To really understand this issue, it is important to look at the concept of social class and stratification. Social class....
Teen pregnancy is a complex topic that can relate to a variety of other topics, making it possible to include body paragraphs that touch on everything from child sexual abuse to educational attainment by teen mothers. That is because teen pregnancy does not generally exist in a vacuum, but is the result of a combination of varied social factors including race, socioeconomic status, religious affiliation, educational level, and residency.
Some topics that you could include in a body paragraph in a teen pregnancy essay include:
One of the troubling things about breast cancer in the United States is how much more fatal it is for black women than for white women. Understanding this difference will not only help improve care for African American women, but also help explore the racial disparities that exist throughout the American healthcare system. To do this, it is important really understand the concept. What are the reasons that black women are more likely to die of breast cancer than white women? Critical to understanding this concept is the fact that, while black....
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