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Papers On Economics And Economic Theory
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Article Summary on Taxation
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This 3 page paper provides a summary of an article on taxation. The article suggests purchasing land and investing in localities to better support these areas. No additional sources cited.
Filename: SA510tax.rtf
Article Summary; The Theory And Practice Of Corporate Finance: Evidence From The Field
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This 3 page paper is a summary of the article “The theory and practice of corporate finance: Evidence from the field” by Graham and Harvey, which looks at the way firms assess capital budgeting issues. The bibliography cites 1 source.
Filename: TECAPMNPV.rtf
Asia and the US; Correlation's in Financial Crises
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This 12 page paper considers the similarities and differences between the economic problems of the great recession of 1929 America and the mid 1990's Asian crisis. The paper considers the back ground and influences leading to these events and how they may have been predicted form market conditions with models that look at debt cycles and debt constrained assets. The bibliography cites 7 sources.
Filename: TEfincr2.wps
Aspects of Economics
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This well rounded informative 20 page paper looks at different aspects of business economics in order to give a clear and decisive description of the aspects and their influence. Aspects of economics covered include elasticity of price, income and cross elasticity, the causes of inflation, the causes of unemployment and appropriate responses, fixed and floating exchange rates along with there advantages and disadvantages, perfect competition and monopolies as well as the effect of globalization of the European Union. The bibliography cites 13 sources.
Filename: TEgeneco.wps
Aspects of Economics; Theory and Application
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This 12 page paper considers different aspects of economic theory and measurement and their application. The paper applies them to the Singapore economy. The paper includes discussion and explanations on the measurements of Gross National Product (GNP), Gross Domestic product (GDP), as well as information and discussion on the crowding –out effect, 'sticky wages', aggregate supply and demand side economics. The bibliography cites 4 sources.
Filename: TEecosin.wps
Assessing the Add On Pricing Model
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This 5 page paper is a critical review of a model of add-on pricing, looking at how the author; Ellison, is back up by empirical evidence and how some of the assumption may be wrong. The bibliography cites 4 sources.
Filename: TEaddprice.rtf
Assessing the Likelihood of an Interest Rate Change using information from the Federal Reserves Beige Book
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This 5 page paper uses the 14th January 2004 Beige Book Report, made by the Federal Reserve, and examines the results to assess the likelihood of an change in interest rates. The analysis looks at the results in different sectors and then considers how and why economists may come to different conclusions over the need for interest rate changes. The bibliography cites 5 sources.
Filename: TEusaint.rtf
Asset Allocation and EMH
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This 10 page paper is written in two parts. The first part (2 pages) considers asset allocation, what it is and how it can be used. The second part of the paper looks at efficient market hypothesis and examines if brokers or investors use this theory to help with their investments. The bibliography cites 10 sources.
Filename: TEassetemh.rtf
Asset Allocation and Stochastic Optimization
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This 36 page paper considers the use of stochastic modelling in the determination of asset allocation. The paper considers multi-stage stochastic programming and stochastic dynamic programming by comparing this to other models that may be used in assessing the contents of investment portfolios. Other models considered include models with their origins in mean variance theory leading to CAPM, efficient market hypothesis and the Warren Buffet method. The bibliography cites 29 sources.
Filename: TEstochastic.rtf
Asymmetrical Information; Testing for Adverse Selection in the Insurance Industry
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This 9 page paper considers how testing propositions involving information asymmetries is inherently difficult and discusses this in the context of the available evidence for the existence of adverse selection in insurance markets. The bibliography cites 8 sources.
Filename: TEadverse.rtf
Atlantis' Supply of and Demand for Apartments
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A 4 page paper discussing a University of Phoenix simulation examining the principles of supply and demand through management of a company supplying higher-end apartments to the town of Atlantis. Bibliography lists 3 sources.
Filename: KSeconSupDemAp.rtf
Australia and the Effects of World War I
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In three pages this paper considers the effects the First World War had on Australia. Four sources are listed in the bibliography.
Filename: TGozwwi.rtf
Austrian and Neoclassical Economic Views of Competition
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This 7 page report discusses two schools of economic thinking, their characteristics, and how each relates to competitiveness in the marketplace. Bibliography lists 6 sources.
Filename: BWauseco.rtf
Ayn Rand’s “Capitalism: The Unknown Ideal”
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This is a 5 page paper discussing the concepts in Ayn Rand’s “Capitalism: The Unknown Ideal”. Ayn Rand’s 1962 text “Capitalism: The Unknown Ideal” is important in the fields of philosophy and economics in that it introduces the readers, or reminds the readers, what the true essence of capitalism is and not that which has been misunderstood and construed with economic and political misconceptions. For Rand, and others who follow the ideals of libertarianism and objectivism, capitalism is the only system which allows for the freedom of man’s rational nature and its ruling principle is justice. True capitalism is actually a social system based on the principle of individual rights and is not to be confused with the capitalist constructions developed during the industrial ages which saw the development of “wage slaves” to the owners of the factories. Instead, capitalism is based on man’s trade through free exchange and mutual benefit.
Bibliography lists 4 sources.
Filename: TJARand1.rtf
Banking in the United States Compared with Banking in the European Union
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This 24 page report discusses the banking systems of the United States and the European Union. The financial world, by its very nature, is ever-changing and with the major changes that have been seen in the past few decades -- the end of the Cold War, the boom and bust of the 1980s and then the late 1990s, the consolidation of the European Union, the physical introduction of the euro -- the list goes on and on. However, one constant remains in the banking world and that is that the most successful financial institutions and their users are required to be able to think, act, and move between the present and the future. Bibliography lists 20 sources.
Filename: BWuseuro.rtf
Basic Questions in Macroeconomics
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This 6 page paper answers basic economic questions, one pertaining to a hypothetical state and the implementation of telecommunications. Another question involves the concept of the free market economy and alternative solutions and the final question pertains to Keynesian versus monetarist theory. Bibliography lists 5 sources.
Filename: SA18Econ.wps
Basics in Economic Thought: Keynesianism versus Monetary Policy
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This 3 page paper provides this classic debate as it respects Keynesianism versus monetarism. This paper explains the basic premises concerning the two different points of view.
Bibliography lists 4 sources.
Filename: SA543eco.rtf
Baudrillard and Weil: Two Concepts of Consumer Society
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This 7 page paper considers each sociologist's concepts of the consumer society, which are sometimes complementary and sometimes conflicting, and what we can learn from them by applying the opposing viewpoint. Bibliography lists 5 sources.
Filename: HVBauWei.rtf
Baumol's Sales Revenue Maximization Model
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This 11 page paper critically evaluates the sale revenue maximization management model of Baumol, looking at what the model is and its concepts and the extent to which the managerial model of Baumol provides a useful insight into the pricing and output decisions of modern management. The low cost airline industry is used as an example to look at the concept. The bibliography cites 5 sources.
Filename: TEsalesmax.rtf
Behavioural Finance
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This 12 page paper answers three questions concerning behavioural finance. The first question looks at how and why a choice might be made when there is a certain amount of money and then a risk with a 50% chance of doubling the money and a 50% chance of loosing it all. The second question considers the rational model of efficient market hypothesis and considers whether this or behavioural finance is most accurate. The last question uses behavioural finance to explain the boom and bust cycle seen in stock market, such as with the dot com fall. The bibliography cites 16 sources.
Filename: TEbehfina.rtf
Ben & Jerry's From a Microeconomics Perspective
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This 5 page paper defines some microeconomics terms. Ben & Jerry's is discussed in terms of corporate citizenship and how it performs as an individual actor in addition to the elasticity and pricing of its products. Bibliography lists 5 sources.
Filename: SA637mic.rtf
BENJAMIN GRAHAM AND HIS CONTRIBUTION TO FINANCE
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This 7-page paper covers Benjamin Graham, the "father of value investing," his theories and how they've impacted the financial community. Also discussed is how his views would impact a student's investing decisions today. Bibliography lists 3 sources.
Filename: MTbengra.rtf
Beyond Growth: Daly and Girard
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This 3 page paper gives an outline of Herman Daly's book "Beyond Growth" and a brief discussion of it, and speculates on what Rene Girard would think about it. Bibliography lists 5 sources.
Filename: HVBGrRev.rtf
Beyond Growth: Daly and Girard and a Steady-State Economy
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This 3 page paper gives an outline of Herman Daly's book "Beyond Growth" and a brief discussion of it, and speculates on what Rene Girard would think about it. Bibliography lists 7 sources.
Filename: HVBGRev2.rtf
Bob Evans Farms, Inc.
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A 4 page paper discussing current conditions at this restaurant operating company; examining economic indicators; and discussing the relative value of economic indicators for business planning. Bob Evans operates in the pure competition market structure, and as such, has the ability to affect only itself and its own results. The paper concludes that economic forecasts can provide a “best guess” for future conditions, but as no one knows precisely what the future holds, they cannot be expected to be totally accurate. Bob Evans’ best course of action is to turn its attention to product, price and promotion, three of the 4 Ps of marketing. Bibliography lists 4 sources.
Filename: KSeconBobEvans.rtf
Bolstering Taiwan's Economy Through Arms Procurement
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A 35 page paper discussing changes in Taiwan's economy in the early years of the new century and the growing threat of mainland China. Taiwan's defense spending has declined dramatically over the past several years as there has been internal disagreement over the total cost of matching China's increased defenses. This paper reviews the course of economic history of Taiwan and the strained relations that continue between China and Taiwan even though the two are increasingly economically interdependent. It also demonstrates that renewed arms procurement activity in Taiwan would serve several purposes and would have the effect of bolstering Taiwan's economy as it moves from manufacturing to services, the natural progression of an increasingly maturing economy. Includes an abstract. Bibliography lists 24 sources.
Filename: KSeconTaiArms.rtf
Book Review of “Irrational Exuberance” by Robert Shiller
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This is a 5 page book review of Robert Shiller’s “Irrational Exuberance” (2000). The publication of Robert Shiller’s book “Irrational Exuberance” in 2000, took investors by surprise as it was a criticism and analysis of the recent increased trends in the stock markets. Essentially, Shiller states that the increase in the stock markets is a result of several cultural, sociological and psychological elements and not based on an increase of “real value”. He admits that there are many factors involved, including the introduction of the Internet into American homes and an increased awareness of the stock market in the media, but he ascertains that the real increase in based on the “herding” effect of social rational humans who follow popular trends. Despite the increase in the markets, Shiller cautions investors to keep their portfolios diversified and not dependent on the stock market because based on past historical increases in the market, this increase will also be followed by a decade of mediocre returns. Because of this good advice and words of caution, the book is considered worthwhile to read especially for anyone considering loading their investments into the stock market.
Bibliography lists 4 sources.
Filename: TJShill1.rtf
Bush’s Dilemma: The Cost of the War on Terrorism
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A 3 page paper arguing that George W. Bush has no clear idea of how long the war against terrorism will last, how much it will cost or when he will need to raise taxes to pay for the effort. The bottom line is that there are too many unknowns for the Bush administration to be able to provide any firm picture of total cost of the war effort or when it will be “safe” for the economy for the administration to raise federal taxes. Without knowing how long the war effort will last, there is no way to firmly predict what the final cost will be. Without knowing that bottom-line figure, neither can tax increases be predicted. All hinges on how effective allied forces are able to be in inhibiting terrorists’ ability to act at will. Bibliography lists 2 sources.
Filename: KSwarCostIraq.rtf
Business and Free Trade
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A 3 page paper considering whether business would choose the free market or a managed economy in the case of a global crash and the possibility of starting over. Perhaps a controlled market would be tempting momentarily, but in the end business is more likely to opt for the free market. It is more conducive to growth in the long term, and with all businesses on the level ground of the crashed market, they would have no reason at all to want to pursue the managed economy. Bibliography lists 1 source.
Filename: KSfreeTrdEcon.rtf
Business Cycle Dating; Purposes of the Fed
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A 12 page paper in two sections. The first discusses how National Bureau of Economic Research determines the presence of recession and dates when it begins and ends. The second section discusses the structure and function of the Federal Reserve, focusing on the action of the Federal Open Market Committee (FOMC) that meets quarterly to determine whether it will change interest rates. The action of the Fed seeks to place a glove over Adam Smith's "invisible hand," not seeking to change the action of that hand but only soften the effects of its movement. It directly contributes to the stability of the nation's economy and by extension to the nation itself. Bibliography lists 4 sources.
Filename: KSecMacBizCyFed.rtf
Business Economics
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A 5 page paper that responds to four questions presented by the student. The paper includes: a PEST analysis of higher education; and definitions/descriptions of price mechanism, supply curve, demand curve, short run and long run supply curves, fixed and variable costs and economies of scale. Bibliography lists 7 sources.
Filename: PGbuse4q.rtf
Business Economics
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This 8 page paper answers questions asked by the student demonstrating the way that demand or supply lines will move on a supply and demand graph as a result of different influential factors, the way that different costs can be used to calculate optimum production and the differences between tariffs and quotas. The bibliography cites 5 sources.
Filename: TElobstr.rtf
Business Economics; An Illustration of Supply and Demand
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This 3 page paper uses the example of the sales patterns of sports utility vehicles (SUV’s), to illustrate the value of understanding macro factors on the supply and demand relationship. The bibliography cites 1 source.
Filename: TEsuvsad.rtf
Buying Corn in 2020
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A 6 page paper discussing changes in corn availability and pricing in the US in the year 2020, after most of the US corn production has been given to the production of biofuel in advance of the development of commercially-viable hydrogen-powered cars. The result is that there is a glut of corn available in 2020; food animal producers sold off their stock years earlier; and most consumers have no interest. Bibliography lists 6 sources.
Filename: KSeconCornBio.rtf
Calculating Supply and Demand; A Basic Outline to Applying Supply and Demand Economics;
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This 10 page paper looks at some examples of price and supply figures and forms graphs to demonstrate to operation of supply and demand. The paper includes 3 graphs and bibliography cites 4 sources.
Filename: TEalgegg.rtf
California and US Employment Conditions
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A 5 page paper discussing movement in unemployment rates and the economic health of the California economy during the summer of 2002. The fallout of the technology sector, particularly in high-tech, Internet-related companies, set investors on their collective ear. Few expected such a correction in market value of these companies, and the losses incurred in returns has been more than only disheartening for organizations and investors alike. The stock market continues its slide, reducing businesses' market capitalization and therefore the amount of capital available to them. Many have laid off workers; many more have placed freezes on hiring. The economic outlook for California as for the rest of the country remains mixed and depressed, yet optimistic. Bibliography lists 10 sources.
Filename: KScaJobMkt.rtf
California’s Economy
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A 3 page paper discussing California’s current economic problems and then making recommendations for macro policy change to stimulate economic growth. The state expects a $15 billion shortfall in 2004-2005, and already is so business-unfriendly that 60 percent of 50 CEOs surveyed report that their companies have active plans to leave California for other Western states. The paper recommends that California relax its requirements in health care insurance and daily overtime to stimulate the housing market and employment. Bibliography lists 4 sources.
Filename: KSeconCA.rtf
Campbell Soup Company & Basic Economic Principles
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This 10 page paper, which focuses on the Campbell Soup Company, looks at a variety of basic economic principles. The concepts illustrated are minimum wage, inflation, recession and unemployment. Each are reviewed in relation to the financial condition and business strategies employed by Campbell itself. Free Appendix of the company's financials included. Bibliography lists 10 sources.
Filename: Campsoup.wps
Can EVA or CVA be a Superior Method of Share Valuation
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This 7 page paper is a proposal for a project or dissertation to investigate is the use of economic value-added or cash value added may be a less volatile and more reliable method of assessing the performance of a company rather than only the performance of a share. The bibliography cites 5 sources.
Filename: TEEVACAPM.rtf
Capacity, Income and the Multiplier Mechanism
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A 7 page paper discussing the statement that the multiplier mechanism operates through altering capacity utilization or the functional distribution of income. Altering capacity utilization or the functional distribution of income is dependent on the cumulative effects of several factors. Harrod (1939) was aware of the need to define the uneven growth path he could see. The Keynesian multiplier mechanism meets that need. Bibliography lists 6 sources.
Filename: KSeconMulti.rtf
Capital Asset Pricing Model
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This 28 page paper is an in-depth look at the capital asset pricing model. The paper begins with an examination of what the model is and what it means for investors. The paper then considers how the model has developed, a literature is conducted for more recent studies that either add more knowledge to the sue of CAPM or indicate its’ redundancy. Particular attention is paid to Fama and French. The bibliography cites 21 sources.
Filename: TECAPM02.rtf
Capital Asset Pricing Model Questions
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This 5 page paper looks at three aspects of the capital asset pricing model, CAPM, firstly discussing the equation and its' components, secondly looking at if total risk can be diversified away and lastly looking at the criticisms of CAPM as a model of return for a company. The bibliography cites 5 sources.
Filename: TEcapass1.rtf
Capitalism Versus Socialism
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This 5 page paper discusses the differences between capitalism and socialism and promotes socialism as a viable system and one that the United States should consider. The writer especially promotes planned socialism. Bibliography lists 7 sources.
Filename: PGcptsoc.rtf
Capitalism, Socialism and the Mixed Economic System Compared
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This 3 page paper examines these three types of economic systems. Examples are provided. Bibliography lists 4 sources.
Filename: SA344eco.rtf
Cash Grants for Earned Income: An Analysis of Three Hypothetical Approaches
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A 2 page analysis of earned income strategies designed to aid working women in Hawaii. Outlines Hawaii's current approach and compares that approach to two hypothetical approaches. Each involves a cash grant for earned income but the budget constraints for each differ both in the maximum work hours allowed without taxation and in the rate of taxation. Concludes that the second hypothetical approach is superior as it rewards women who work a minimum or one-hundred hours per month with an increased cash grant. The other two approaches actually penalize women who work over forty hours per month by requiring that the cash grant be taxed away. No sources are listed.
Filename: PPecEarn.wps