Economics : Page - 2

Challenges and benefits of e-learningE learning is highly influencing the entire world because of the benefits, which the system is bringing to the educational system. It has enhanced the educational system. It took it to a different level, which has its governance under the hands of information and communication technology. It has helped in changing the style of learning by adding certain dimensions to the educational styles that had never be...

Economic DataAustralia is considered one of the wealthiest countries in the Asia Pacific region. For nearly twenty five years the country has experienced economic expansion. It has not experienced a recession within those periods despite the presence of the Great Recession in 2009. The country has however, experienced fiscal deficits which may have influenced the level of GDP, inflation and unemployment of the country. Globally, the country is...

Equilibrium analysis The production posibility frontier (PPF)  is shown below with cars on X axis and bicycles on Y axis. A PPF is the locus of combinations of two goods that can be produced in an economy with available resources and given technology. So it assumes: The level of available resources is constant. This level covers the physical units as well as the efficiency levels, which remain constant for every PPF drawn. Technol...

Economic Outlook of AustraliaUndoubtedly,economic conditions vary in each and every country.However,some macroeconomic variablesmay be affected  by global,regional or national events.Australia ,Canada and India have recorded different rates in unemployment and inflation over the years for some reason.A comparison of the economic conditions and performance of these three countries is compared and the reason for the disparities pointed out....

Aims and Objectives of the AssignmentIn relation to the letter the letter received from the prime minister, the success of the forthcoming budget is crucial to the next general election. This budget is a reflection of the direct outcome of the economic, social, and political policies that the government stands for. The objectives and importance of preparing this budget is evident in the fact it will play a big part in the reallocation of resou...

Market structure of KFC, MacDonald’s and Hungry JackA monopoly is that market condition where there is only one seller and many buyers. The seller, being the single supplier in the market, enjoys considerable market power and has the power to take pricing decisions and decisions regarding the amount of supply of his product or service. In this scenario, there are two monopolies in an economy, one in the supplier of water and the other i...

Balance of Payment (BOP)United Arab Emirates (UAE) is highly involved in international trade. UAE ranks 61 as per world Economic Complexity Index. In addition, in the world economy its rank is 30 on thew basis of its export. The goods that the country exported include Crude Petroleum, Gold, Petroleum Gas, Refined Petroleum and diamonds. Among the exported goods Crude petroleum constitutes major share having an export earnings of $46.8 billion....

GDP: A Comparison of Australia and CanadaAt the present times, Gross Domestic Product (GDP) is considered as a persuasive technique that assumes a noteworthy part with a specific end goal to assess the economic and budgetary health as well as position of nations in an accurate manner. GDP plays a major role in the economic growth of nations. Moreover, GDP assumes a crucial part keeping in mind the end goal to quantify and break down the financ...

Ecosystem service analysisRural individuals OF Thailand have depend on the wetland for their regular trade. Nevertheless, broad possibilities of marshlands in Thailand, principally the freshwater mangrove forests and wetlands, were transformed over to crop growing and farming of shrimps in the core of the past couple of years and a couple of ordinary ones linger. The outcomes of a countrywide marshland evaluation in 1999 validated that swampland...

DiscussionAustralian economy is a developed economy and it stands as one of the largest economy in the world. Australia also considered as one of the wealthiest nation in the world. The economy considered as 14th largest in terms of national GDP, 20th largest with respect to purchasing power parity and 25th largest as exporter of goods and finally 20th largest with respect to importer of goods. Australian economy previously...

Collecting and presenting the dataCollect and present (in line graph format), annual data for the ten years from 2006 to 2015 showing the rate of growth of real GDP, the inflation rate, and the unemployment rate for Australia, the United Kingdom and one Euro-zone economy of your choice that uses the Euro currency. For Question 1 you have to produce a total of three time-series line graphs: one graph for each economy containing all three variab...

Purpose of PART 1 - Understanding Fundamental Economic Concepts and Factors Affecting Elasticity In a market system where producers cooperate in creating individual and aggregate output levels and prices, it is called a cartel. In the case of a perfect cartel type, the output and price of the whole industry as well as each member firm is determined by a common authority which allows the achievement of joint profits for the individual firms. T...

Monetary Policy and ObjectivesThis report outlines on monetary policy adopted by Reserve Bank of Australia (RBA). The board of RBA uses this monetary policy in deciding cash rate and to make stable growth of the economy. In this regard, this report focuses on money market equilibrium model and transmission mechanism, which may be useful in controlling inflation. Furthermore, this report describes different factors that may be used by the RBA&r...

Growth Theories: Economic PerspectivesGrowth, in terms of economics, is the monetary and overall productive progress of an economy with time, which is, most of the time, captured by the most widely used economic indicators, that is the Gross Domestic Product of a country. The increase in the GDP of a country, in general indicates towards the increase in the productive capacity of the country, in terms of goods and services produced within the ...

Economic AnalysisThe manufacturing sector’s contribution to GDP is significant and thus an important sector to the economy (Langcake, 2017).  The number of people employed in the sector are many; considering even those employed in related industries. The output produced are sold both in the domestic and international markets. It is therefore crucial to ensure that there is much development in this sector. The current contribution of m...

Interest rates and property investmentsAustralia has one of the most diverse housing markets in the world in terms of its drastic growth levels. The cities of Sydney and Melbourne are the prime examples of how the housing market is expanding at an alarming rate. The level of this growth is outpacing availability of houses for most of the population. The say takes an analytical perspective in delving into the factors that are contributing to th...

Limited Availability of Frequency Spectrum as a Barrier to EntryAccording to Premkumar and Rajan, (2012), the prices of services become efficient in the case of low entry barriers in the market. In any business this is the unset rule that in the absence of healthy competition the market leader suppose to add higher prices for its products and services. The mobile network companies are also not exception for this concept. In most of the EEA c...

Rent Control in Housing SectorIn economics, the concept of market has been prevailing for a long time. A market, in terms of economics, can be defined as the place of interaction of the buyers and the sellers of different goods and services, where these two sides interact to reach to a mutually agreeable point, which is known as equilibrium in the market. The willingness of the buyers to buy a product at different prices, is shown by the deman...

Labor supply and economic growthThe following essay focuses on the dual sector model. It is more famously known as the Lewis model and the relevance of this model in a labor surplus economy like China. This model explains the impact of labor migration between two major sectors. The model consists of capitalist and subsistence sector. Capitalist sector refers to the urban manufacturing sector, and subsistence sector refers to the tradition...

Question 1: Opportunity cost and Sunk costs1 Opportunity cost and Sunk costs Identical tastes in our case here means that Joe and I could enjoy similar services and get equal utilities (Ferraro & Taylor, 2005). The product we are to enjoy here is watching the AFG game at the same night. Since I was able to go to the Ticketmaster, I purchased by ticket in advance at a price of $ 30. But since Joe wasn’t able to go to the Ticketmaster...

Education Reforms in Australia“Education reforms” refers to the strategic or intended changes to the manner in which learning institutions and systems operate. Arguably, these changes are intended to create or provide meaningful education that will shape the future careers for young learners (Stipanovic, Lewis and Stringfield, 2012). During the early 20th century, progressives such as John Dewey actively advocated for schools to...

Problem DefinitionEverywhere around the world the problem of traffic congestion is gradually becoming a topic of alarming concern for the people. Travel times and number of vehicles go up abnormally and so do the fuels cost. Increased travel time would mean lower number of hours available for work – official or personal. This is adding on lesser work hour and more wastage of fuel.. The national waste and generation of carbon by the trave...

The Human Capital and Signaling ModelsHuman capital model recognizes the importance of education as an investment that eventually produces benefits in the future. More so, it forms the basis of neoclassical analysis of education, labor markets and economic growth. While Australia has been generally influenced by public choice and screening models the impact of the signaling and human capital in particular is rife in the market. Primarily, the ...

Research QuestionsA relationship between Australia and the United States is evident in various sectors: defence and national security, science and technological research, the creative industries, and – the centre of this report – economic relations. Economic historians classify Australia as resource-rich, but capital-wisely poor. Australia's technologically advancement, prosperous, is the legacy of generations of individuals, house...

AnalysisTrade protectionism measures refer to form of policies aiming to restrict unfair competition generated from foreign nation. Protectionist policy is generally a defensive measures motivated politically. One common method of implementing protectionists measure is to impose tariff or tax on import. Direct impact of this policy is to raise the price of imported goods. Second way is to provide subsidy to local industries. Government now a d...