Behavioral economics

In the world of poverty, those who are of a lower socioeconomic status or class are more likely to be labeled as the offenders of a crime, compared to the middle and high class citizens. It is a clear motive that economic deprivation or poverty can motivate individuals to commit crime or create the circumstances that serve as a breeding ground for crime. The topic of poverty being correlated with crime can be supported by the modern day criminological theories that have been created over the…

The economic analysis of a policy is used to assess the macroeconomic and microeconomic ramifications of the policy and analyze the opportunity costs. The macroeconomic view of the policy is how it affects the economy as a whole, including output, income, inflation, and unemployment. The Individuals with Disabilities Education Act (IDEA) would mostly affect the economy through unemployment. One of the purposes of IDEA is to help students transition out of school and successfully find employment.…

Thus, the research question that would guide the project would be: “Do high cost and expensive weddings worth it?” Problem-focused capabilities are used if a solution to the problem is considered within the couples’ and parents capabilities, whilst economic situation and possibilities of invited people are used if the situation is well and positively perceived by the guests, because there financial status also means a…

In his article titled, “The Science of Why People Insist on Making Idiotic Decisions,” Andre Spicer evaluates the motive behind “idiotic” decisions. Having been written during an ongoing period of political and economic turmoil, the article draws attention to current points of debate: Trump’s policies, Brexit, and climate change. Spicer is professor at City, university of London. He has authored several books and academic journal entries, but this article was intended for the public to digest.…

Problems in achieving the merger Essentially the critics presented 2 arguments against the acquisition of NBC universal by Comcast. Firstly they proposed the competitive harm from a Vertical Transaction. A vertical merger can harm competition by facilitating exclusion or collusion. Free Press argued that Comcast’s collaborative effort with NBC would stifle competition in online video (TV Everywhere model) by restricting where, the vast amount of “must-see” NBC-owned content can be offered, and…

Introduction The topics regarding the areas of economics is often controversial and disputed. Particularly, the topic of poverty and the potential causes of it are frequently argued. An example of this is the debate regarding the existence of poverty traps. With that in mind, this paper focuses on the article written by Aart Kraay and David McKenzie, “Do Poverty Traps Exist” (2014). A concise summary of the main topic and its arguments is included for analysis. Subsequently, a critical review…

Occupational stress Is occupational stress a world epidemic of modern times? Some people claim it is, while others disagree (Rossi et al., 2009). Regardless, stress has become a growing concern in the modern world and is reported to be a considerable occupational health concern in major economies, including Europe and United States. Yet, there is neither an agreed nor precise definition of occupational stress. The term stress often has negative implications, however, stress reactions do not…

Developed by Travis Hirschi, Social Control Theory, gave a clearer picture of what a social bond was. According to Hirschi, individuals are susceptible to committing crime and that the conventional bond that is formed with the individual prevents or reduces their offending. Social bond is characterized by four elements: attachment, involvement, commitment, and belief in regards to committing crime (Williams & McShane, 2014, p.168). Attachment helps create conformity. Involvement entails how much…

understanding of financial knowledge. Broad spectrum of banking companies, government institution, grass roots consumer and other associated institution have put a major concern in financial literacy issue in order to make a decision more beneficial to their economic welfare. Inadequacy of financial literacy can lead to long-term effect of financial decision, for illustration, ineffective investment in higher education, retirement planning, or health insurance budgetary. In addition, people’s…

Vision is my inspiration. I wanted to understand how vision affects perspective and allows for every person to be unique, to mold their own personality, and to have an individual outlook on life. It is what led me to pursue optometry. The more I learned about optometry the more I came to appreciate the profession and its goal in improving patients’ vision. Now, most people take this to mean that an optometrists sole job is prescribing eyeglasses and contact lenses. Optometry does not stop there.…