program is tracing fluctuation in housing market near hazardous sites. People try to avoid waste land due to health and environmental risk, so demand of residential properties goes down and housing price also drops. When hazardous waste sites become cleanup, people perceive their health risks will be reduced and are willing to live near the sites. This will cause increasing in supply of housing and population and result in higher value of local housing market. This growing amount of housing…
The Porter Hypothesis has met with great success in political debate, especially in the United States, because it contradicts the idea that environmental protection is always detrimental to economic growth. The PH has been invoked to persuade the business community to accept environmental regulations, as it may benefit from them in addition to other stakeholders. In a nutshell, well-designed environmental regulations might lead to a Pareto improvement…
Pricing Bonds in the Australian Market is an article, which appeared in the 33rd Australian Journal of Management in 2008. Written by Bilson et al., the article does an incredible job in highlighting issues pertaining to the modeling of the term structure of interest rates. The article begins by appreciating the fact that there are various models associated with the yield curve. The authors highlight the significance of the term structure of interest rates by offering valid examples. For…
II. Brief description of the role that uncertainty plays in economic theory/models and contrast this perspective with the sociological account Since Knight (2005), the monetarist models use assumptions of perfect information and imperfect with respect to the future. With the emergence of imperfect information the economist stated that it can be predicted by stochastic variables (random) from the probabilistic point of view, one can calculate the costs and benefits of different actions present…
in the market and having the ability to respond to it. Increase knowledge in subjects related to entrepreneurship such as startup capital for ventures, market forces, sales, intellectual property, and finance. • Increase in knowledge about identifying unmet market needs. A new business that takes into consideration economic, social, demographic, technological and political trends increases the likelihood of success. Developing this type of research provides an understanding of the market,…
The study takes a look at the effects of minimum wage on young workers aged 14 to 24. Overall, the purpose of this study is to see how minimum wage affects young workers earnings, employment rate, and turnover rate. The article used data from Longitudinal Employer-Household Dynamics from the QWI as an instrument to put together numbers in order to find the data they needed for their study. They took data from 46 states between the years 2000 and 2009. From this data they looked at employment…
firms do; as well as why. It is a branch of economics in which studies the behavior of these individuals and firms in making decisions regarding the allocation of limited resources. One of its goals is to analyze market mechanisms and market failure. These market mechanisms include: market exchange, competitive markets, markets themselves, or labor markets. According to the textbook, Understanding Capitalism: Competition, Command, and Change, a market refers to the buying and selling activities…
actors in the economy deal with social, economic and environmental tensions. 1.4 Conceptual Perspective To better understand the challenges that social entrepreneurs face in Latin America, Bourdieu’s (1986) theory related to career capitals will be used as a conceptual reference for the analysis of this study. Based on his definition, this study seeks to figure out which are the career capitals that social entrepreneurs show on their…
to become a leader in Economics and with that desire in my heart, I seek admission in your prestigious university, where I know that my life will change and I will receive opportunities that I have dreamt for myself. My interest in pursuing a career in Economics and Finance sparked at a very early age when in high school, I received honor from state governor for outstanding performance in Math and Economics on state level. So, I decided to opt for Honors degree in Economics from one of the top…
between the spheres of politics and economics. These two concepts can be seen as being linked. However, interconnectedness does not necessarily mean analytical concurrence and the field of PE does not always regard the interconnectedness as an axiom. Moreover, the field of PE is often presented as International Political Economy. Thus, a central question of PE is: Should Political Economy make analytical distinctions between the spheres of politics and economics and the national and…