Macroeconomics

Equilibrium unemployment and disequilibrium unemployment are the basic categories of unemployment to apply on the total labor that the whole economy has (Sloman). Equilibrium unemployment is the difference between people that want to take the job they are offered and people that are willing and able to take the job. Disequilibrium unemployment occurs when the aggregate demand for labor is less than the aggregate supply of labor. Recently an analysis conducted by the Bureau of Labor Statics of…

In recent decades income inequality has become an emergent epidemic, specifically for countries experiencing rapid economic growth. Since the Mao era, China has grown increasingly susceptible to this problem as it has developed to become the second largest economy in the world. To further contextualize China’s economic growth, Wang Jisi explains, “As recently as 2001, China’s total GDP was only 12.8% of U.S GDP. In 2011, China’s GDP reached $7.3 trillion, amounting to 48.5% of U.S. GDP”…

Have you ever wondered how people with difference careers communicate and express how they feel about what they do, how they do it, or what impact they have in society and how it relates to our education? Experts from different fields might study and approach current issues. My issue is: poverty. First, we must understand what an Economist is. An Economist is a Social Scientist, expert in economics. According to “What is Economics”, economics is “the branch of knowledge concerned with the…

I believe that the purpose of this bumper sticker is clearly to express corporate capitalism. It is, in my opinion, an argument of ethics, reasoning, or logos. Is it ethical, or reasonable, to allow a large corporation, such as coke, to control a larger part of our economic system than the people or government? Nothing to my knowledge provides a more accurate depiction of this problem than a bumper sticker using the iconic enjoy that Coke (a large, multinational conglomerate) so typically, and…

Ticket scalping has been around for many years and is defined as ‘an unsanctioned ticket investor who purchases tickets to an event and resells them at raised prices.’ The action to ‘scalp’ has been referenced as early as 1869 in American English to theater tickets but mostly to that of the 19th century referencing railway tickets. A scalper was a common utterance for “con man or cheater” in the late 19th century. (Scalper) The second-hand market grew exponentially as opportunists realized they…

Progressive taxes and flat taxes have been argued for centuries. The difference in classes between the wealthy and the poor has lead to a need for a progressive tax. A progressive tax, which is currently being used in the U.S., has been seen by many as the fairest way to tax people. Although every American is guaranteed equal rights, not every American is the same therefore they should not all be taxed the same way. There are seven income tax brackets in the U.S. today. The progressive tax is…

The economic factors in which Adidas has to face are also very significant. Adidas manufacturing is a risky component of their industry since they are dealing with several countries which adds vulnerability. Aspects such as economic growth and interest rates are major components in this situation. Interest rates may significantly increase in some countries, causing prices to increase, and therefore, demand to decrease. Yet, if interest rates significantly decrease in these countries, more…

The main argument in Kenneth Bindas in the article; “The Future is Unwritten’:The Clash, Punk, and America, 1977-1982” was about the economic difficulties in the 1970s and punk music being upset about it. Additionally, like hip hop, punk was emerged through an economic decline and dislocation of the 1970s (PowerPoint, Slide 15: 1970s). The music groups expressed the challenges they faced though the hard times information the music listening public about it all. I can only agree that the attitude…

The article “From Mercantilism to ‘the Wealth of Nations’” by Michael Marshall is about the global economic developments that occurred throughout the world’s history. Today the world is so much different in terms of the economy compared to most of human history. “We live in an era when continual economic growth is almost considered a birthright, at least in the developed world. It has become the benchmark of the health of a society, guaranteeing an ever-expanding prosperity.” Also economic…

4. Conclusion The politics of austerity represents perhaps neoliberalism’s greatest triumph, in that it has retained its hegemonic status despite the growth model it supports experiencing a profound crisis. It has survived in the UK by moving further towards what Mirowski might understand as monetarist neoliberalism— – so much so that the limits of monetary policy have been breached, with monetary activism in the coalition and Conservative governments’ economic policy agenda (building to some…