Economics : Page - 3

Factors influencing the demand for Australian universitiesThe international education has started to become a growing export industry in case of developed countries such as UK, USA and Australia. The programs that are generally offered to the international students comprises of both onshore and offshore programs. One of the factors which affects the demand for the foreign education is the low tuition fees. One thing which will attract the in...

Inflation Targeting Policy in AustraliaThe attempt to adapt an inflation targeting policy in Australia began since 1993.  Governor Fraser took the initiative to set the targeted inflation within 2 to 3 percent. Unlike Canada an =d New Zealand, there was no sudden shift in policy regime in Australia. There was neither any formal agreement between central banks and government during this time. Instead, RBA took a medium term strategy along ...

Reasons Why UK Government Might Intervene in the EconomyIn economics, intervention of government and its magnitude is considered as an essential topic to discuss. According to free market economists, government should not intervene in any economic activities, as this activity can cause inefficient allocation of resources while socialist economists always argue for government intervention (Joo, Seo and Min 2018). Therefore, the entire discuss...

Relation between stock market, economic growth and the GDPTo gain an understanding of GDP (Gross domestic product) is an important part that affect the perception of investors because it affects the financial markets but in both the ways either positively or negatively. After the age of globalisation and liberalisation, trading firms started earning high corporate earnings because people started investing in financial and stock market. A fall ...

Company background with overview to its marketThe ACWA Power is a company which is engaged in the power generation and production of desalinated water at the plants. The company is one of the leading organisations which develops, invests and operates in this field of electricity generation. In the Middle East, the ACWA Power is the leading supplier of power as well as water. Not only in Middle East but also in South Africa, North Africa and So...

The Study of Economic SystemsThe system which comprises of the mechanism for production, distribution along with exchange for products apart from the consumption of the goods and services in the various entities are termed as an economic system. There are mainly four types of economic systems. An economic system can also be termed as an organized way through which a country can allocate its resource and also distributes goods and services thro...

Exercise 1(a) Short run and the long run denotes the time period in economics. Flexibility is the differentiating factor between the short run and the long run. While in the short run the inputs to the production process cannot be changed, in the long run, the inputs can be changed. From the perspective of the customers also, in the short run the amount of output and choices of the product is limited (Cowell, 2018).  However, there is no fi...

Currency Denomination for Revenues and CostsThe overall assessment aims in detecting the level of effect that foreign currency hedging plays in revenues of the organisation. In addition, the current annual report of Starbucks is mainly evaluated, which can help in detecting the level of operations that has been used by the organisation in improving the level of revenues. Furthermore, the impact of contribution of the companies is different reg...

Background of the initiation of the ActThe commercial banks have an important role to play in the economic operations of the country. The Glass Steagall Act, 1933 is derived from the names of the two congress senators who had introduced the bill in the wake of the stock market crash in the year 1929 in US. The main purpose of the act was to enable the distinction between the investment activities from the commercial banking activities of the b...

IssueCannabis legalization is new to Canada and therefore the matter needs a thorough study, along with its various regulations. A strategic study plan is required to understand the jurisdiction, regulatory and non-regulatory options, merits and demerits, implementation, enforcement and service standards and its performance measures of the Cannabis Regulations. To be precise, the Cannabis Act (S.C. 2018, c. 16) is to be considered to unde...

The Importance of Transaction Costs in Market ExternalitiesThe contemporary law along with the economics accrued a lot of  momentum from Ronald Coase’s study in “The Problem of Social Cost”, as well as a considerable amount of that momentum originates form the Coase Theorem that asserts that the lack of transaction costs in line with externalities would be effectively determined by bargaining. Coase recognized that in th...

Business in Emerging MarketsIn the following essay the main emerging economies of China and sub-Saharan Africa have been discussed in contrast to each other. Through implementation of institutional theories these has led to the difference in growth and development of these economies in relation to their respective institutional theories (Kroeber, 2016). The Institutions are well-entrenched preparations and structures that are piece of the tra...

Impact of tram extension on the local during the construction phaseThis paper discusses the extension of Edinburgh tram from York place to Newhaven and the impact caused to the residents. The Edinburgh normally operates between the Edinburgh Airport and a temporary terminus at York Place and the Edinburgh tram distance between York Place to Newhaven is about 4.6 km and the project is estimated that $ 1 spent will provide a return of $ 1.64. Th...

Impact of Excise Tax on Carbonated Drinks and TobaccoThe Federal Tax Authority cautioned traders not to stock up soft drinks and cigarettes since they will have to   prove payment of tax on stocked goods after excise tax is introduced.  Excise tax will have an impact of increasing the prices of drinks and cigarettes. In regards, with the specific UAE excise tax situation, the prices increased by 50%.     &nb...

US Dollar: Future and ProtectionBitcoin refers to the methods that are used to make money transfer via the internet. Bitcoin uses a decentralized network to control it by the use of a transparent set of rules and hence gives an alternative to the central bank controlled flat cash. Many discussions have been held on whether to consider bitcoin as money or not. Initially, Bitcoin was made to act as an alternative and decentralized method of paym...

Interconnectedness of Economics and International RelationsAs opined by Cohen (2017), global political economy or more commonly called by the name of international political economy refers to the interdisciplinary academic branch of study which is mainly concerned with the with the analysis of international relations and economics of the world. Balaam and Dillman (2015) are of the viewpoint that different theories or models have dictated ...

Overview of Economic Growth in JapanThe main purpose of this assessment is to analyze the role of the government in economic growth in a country. The assessment considers the economies of Japan and Korea which has developed significantly over the years. The government plays a vital role in formulating different strategies which are focused towards economic growth and development. In many cases, the plans which are formulated by the government ...

Housing Prices of CanadaHousing is one of the most influencing good or commodity of the market. Historical evidence such as the financial crisis of 2007 has shown the power of the price change in the housing industry. This paper is going to talk about how the recent estimation regarding the change of housing price may affect different sectors of the Canadian economy. Housing prices of Canada Housing prices in Canada like most part of the wor...

External Costs and External BenefitsThe presence of external cost or external benefit in the production or consumption process prevents the efficient allocation of resources. External cost are the cost associated with production process but not accounted by those directly engaged in such activity. This type of cost is termed as negative externality (Baumol and Blinder 2015). Under this, the private marginal cost is lesser than social marginal ...

Research Tasks:The government should continue to intervene in the price discovery of wheat in India. There has been a rapid rise in the production of wheat following the record of crop in the past years which did not bring about a fall in the prices of wheat. This trend is attributed to the policies that were put across by the government. Any review of the rates should be done after understanding the underlying objectives which for this case ...

Theoretical background of minimum wage theoryInternational trade theories during 21st century mostly deals with the full employment economies, however, providing a relaxation to the generic assumption of the perfectly flexible wage and most of them has failed to focus on the unemployment situation. In addition to this, various inflationary situation around the world has given rise to the implementation of the minimum wage theory. With the Fair...

Short-Run Costs and Cost Curves for Small Business[i] Labour Output TFC TVC TC AC MC AVC AFC Workers per day T-shirts per day $ per day $ per day $ per day 0 25 0 25 4 25 25 50 12.5 6.25 6.25 6.25 10 25 50 75 ...

The Importance of Housing1.Housing is essential for all nations. One of the most overwhelming trend on governments concern is the rapid urbanization; poverty level in nations is deepening as a result, there is degradation of the environment, and the number of slums is increasing. With all this issues, the government is left with a challenge of providing adequate shelter for all. Human settlement challenges cannot be met by civil society, priva...

Consumer Price Index (CPI)Consumer price index (CPI) measures the weighted mean of prices of a bundle of consumer products like food and medical care. Through considering price changes for every product and averaging them, this CPI is measured (Powell et al., 2018). In New Zealand, this index measures the changing rate of price of products brought by households. Formula for calculating this CPI in New Zealand is as follows: Consumer Price Ind...

Calculating the ACF and the PFC of the data set Date: 10/25/18   Time: 22:48 Sample: 1957M01 2015M03 Included observations: 699 Autocorrelation Partial Correlation AC   PAC  Q-Stat &nbs...