Attention economy

“Concept Problems.” “9. Suppose real GDP increases during President Obama’s term in office at a 5% rate. Would that imply that his policies were successful in “growing the economy”?” (Macroeconomics Principles V. 2.0.) This would mean two things. The first thing would mean that his policies were successful if he found the country in a recession gap and his administration was the first to implement or find the solution to the problem. The second thing would be that his policies were not…

There are many reasons why I would like to go to the University of Chicago, but I’d like to start off with the academic aspect of the university. While not specifically a Liberal Arts college, it seems to me that “The Core” is very akin to a Liberal Arts curriculum in the sense that it forces you to expand yourself into different disciplines. I am a big believer in learning about everything because, as I have found, everything is interconnected. With “The Core” curriculum at the University of…

Ever since I was a child I was interested in analysing a subject, inside and out, that piqued my interest; writing about it, reading about it, trying to see it from another perspective and collecting those tiny pieces to form a greater picture that would be both pragmatic and unprecedented. My first economics class offered me a problem where the solution seemed rather straightforward yet the more I thought about it the more there was to the story. The way I thought money had a role to play in…

EXECUTIVE SUMMARY: The topic which will be investigated in this issue study is how the value of the Australian Dollar (AUD) affects Australian businesses. This investigation will look at what influences the value of the AUD, the negative and positive impacts on the fluctuating AUD has on Australian businesses and the effect of the exchange rate has on the rate of unemployment. INTRODUCTION: The price of the Aussie Dollar can have both positive and negative effects on…

how the government had been unable to deal with the economic crisis. The past is history and our nation has learned to be greater. During the 1950’s and 60’s, people made money so easily without the requirements of attaining a college degree. The economy was…

In the 1980s, Japan was largely viewed as the world’s most powerful economies. Their economy exploded after three decades of growth, and they had risen to become the world’s second largest economy. Japanese companies were eliminating American industries, from automobiles to consumer electronics. Also, Japanese companies were purchasing assets in the United States, like movie studios, golf courses, and real estate. Their stock market, Nikkei, was booming during that year. Property prices had…

Citizens have a duty to participate in the economy to create input by working and paying taxes. This allows a citizen to have the right to contribute to one’s economy and one’s own stuff. However, this does not mean special treatment for anyone supposedly. Yet, famous rich people are more likely to get house arrest if they have done something wrong compared…

Chamonix Essay Geography 10 A - Alexander Ed. Adams - January 27th, 2016 Introduction Chamonix town is looking to develop their town which is currently suffering due to climate change and other tourist related problems. The main arising problems in the town of Chamonix due to its tourism is traffic, damage to landscape, amenities become tourist-centred so locals are outpriced, noise pollution, skiers who use slopes increase risk of avalanches, seasonal economic booms making business difficult…

government’s right to rule. Tunisia is a prime example of a government that was – or seemed like – it was doing well politically, as well as socially, and the people believed in the government’s leadership. However, when the public noticed that the economy was becoming unstable, wages were lowered, etc., their disproval increased. They no longer believed in the government’s right to rule because they weren’t being protected or provided with basic opportunities (like having a job to make money in…

Behavioural economics employs insights from psychology experiments to help explain examples of economically irrational behaviour, when dealing with consumer theory. The two most prominent ‘irrational’ preferences are reference dependence, and loss aversion. Although it is a fairly recent development, there have still been many papers written about behavioural economics; such as ‘On the Value of Incumbency: Managerial Reference Points and Loss Aversion,’ ‘The Forward-Looking Competitive Firm…