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Economics Essays

The Perils of Affirmative Action

24 Feb 2017

In the very beginning of this nation's history, Americans were under the power of England's monarchy. The Americans were able to overthrow the shackles of bondage and created a Constitution that declares its steadfast belief in the ideals of freedom, equality and the pursuit of happiness. But immediately after the Declaration of Independence and even after the Constitution was signed and accepted by leaders of the new government, not every American citizen is treated fairly. And a good example would be the Negroes and other minorities such as Asians and more so their women.

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Freedomnomics & Freakonomics

23 Feb 2017

Economics is often regarded as the study of dry, uninteresting financial trends and market developments. Freedomnomics takes an economic look at the effects of the free market, and presents some arguments against those found in the freakonomics. Steven Levitt’s groundbreaking work in the field reveals that the tools of economic research can be put to use in the study of the relationships that underlie the events and problems that we encounter and hear about every day.

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A Booming Chinese Economy

23 Feb 2017

It has been said in the past that China is like a sleeping dragon. And when the dragon awakes the whole world will know. The prophecy has come to pass and much more. China has not only awakened from deep economic slumber but it has also taken the whole planet by storm transforming how business is done in a global way.But as the Chinese government tries to steer a zooming economy into a sustainable future, problems began to arise. They became a victim of their own success. As China began to improve on their image from being a mere major outsource player into a major leader in innovation and technology they are beginning to feel the seriousness of growing pains. With regards to the latter China is learning fast that it will require significant upgrades in their human capital if the country expects to play with the big boys. But it is in this area that China is critically in need of help.

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Consumer Behaviour in the Organic Food Sector in the United Kingdom

22 Feb 2017

According to Bone (2006) the organic food market in the United Kingdom was valued at 1.6 billion pounds sterling in 2005. This figure was up from 0.8 billion pounds sterling in 2000. Several factors have been attributed to this impressive market growth. Notable among them include trends towards healthy eating and living and concerns for food safety and the environment. The latter reason is spawning what has been described as green consumerism. Quite apart from discernible tags such as labels, organic foods are distinguishable from non-organic foods by the methods used in production and processing (Lohr, 2007). Furthermore, it is generally accepted that the production of organic food prohibits the use of pesticides, inorganic fertilizers, growth promoters and livestock feed additives.

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Russia Economical Outlook

20 Feb 2017

The economy of Russia and of other countries of the former Soviet Union used the economic model of central planning for almost sixty years. That meant the state controlling practically all production means as well as investment, production and consumption in the country’s economy. The policy-makers in the field of economy used the principles of communist theory (Marx, Engels, Lenin), and this theory covered both social and economic activities. In its transition to a market economy, Russia must deal with many legacies remaining after the central planning system.

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Russia and Central Eastern Europe as a market area

20 Feb 2017

Russia and Central Eastern Europe is certainly one of the most promising market areas of the world. With an impressive legacy from the Soviet era, an educated population and vast natural resources, Russia has a great potential for development. Although beset by severe economic problems and political and governance inefficiencies at the time, the nation has the potential for a spectacular comeback this may happen as soon as 2010. Its revival can have a reinvigorating effect on other countries of the region that have possibility to expand by selling their products in Russia and have many of the same advantages as their larger neighbor. The success of any future business in Russia will depend on one’s ability to find ways to success in this complex context.

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Reduced Vertical Separation Minimum for Aircraft

17 Feb 2017

Because of the dramatic increase in air traffic over the past decade, aviation organizations in the United States and other internationally based counterparts find ways to prevent congestion on routes with high traffic incidents. In order to do this, RVSM is proposed. RVSM or Reduced Vertical Separation Minimum is the reduction of the vertical separation from current 2,000-ft. minimum to 1,000-ft. minimum of the FL 290. After a thorough study, the ICAO Review of General Concept of Separation Panel (RGCSP) concluded that it is technically feasible to implement the 1,000-ft. separation standard safely (Federal Aviation Administration [FAA], 2005).
Since its implementation, there is a remarkable 28% decline on operational errors in the airspace in which RVSM is applied. Also, fuel costs are decreasing significantly due to more efficient altitudes at which the planes are flying. Not only that, there is a reduction in the number of conflicts; situations wherein a plane has to move laterally or vertically as ordered by the controller (Federal Aviation Administration [FAA], 2008).
These results suggest that the new separation standard of 1,000-ft. minimum besides being as safe is more effective than that of the previous vertical separation of 2,000-ft. minimum.

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Factors that influence Capital Investment Decisions

16 Feb 2017

Capital investment decisions are critical. It involves large sums of money. The company must use the different capital investment decision tools in order to forecast whether the company will benefit from investing in buying high value factory equipments. Some of the tools like payback period, cost –benefit analysis, competitors, government regulations are only some of the factors that influence capital investment decisions (Dayananda et al. 2002, 6). The following paragraphs explain in detail the different factors that influence capital investment decisions.
BODY:

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The growing trend: Private equity firms buying publicly traded businesses

15 Feb 2017

Private equity markets are witnessing a flurry of activity and growing at a phenomenal rate because of large deals. On the whole, private-equity firms made a spending close to $50 billion during 2006, which is five times what they spend for instance in the U.S. healthcare company purchase deals in 2005, in the opinion of Dealogic- a company that follows global M&A activities. To continue with the example, the U.S. healthcare industry that is worth $1.8 trillion or more than $1 of every $7 spent in the nation's economy is gearing towards for investment from Private equity firms, in the opinion of industry analysts and firms involved. For instance the $32.7 billion deal of hospital operator HCA Inc. led by private-equity firms Bain Capital LLC, Kohlberg Kravis Roberts & Co and Merrill Lynch Global Private Equity which was agreed to by the shareholders during November 2006. (Japsen, 4)

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Effect of technology on society

15 Feb 2017

It is a well known proverb that change is the only constant in this world. One of the most important catalysts of change in the history of mankind is technology. Rapid progress in technology has been at the forefront of driving sociological change. In the middle ages in Europe, technological progress came to a grinding halt and social change with it. But with the beginning of the industrial revolution in England, technological advancements resumed and so did sociological change. Thus the effect that technology has on society cannot be ignored.

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