Microeconomics

wrote a book called Media Economy and explains it as the “study of how media firms and industries function across different levels of activity (individuals, households) through the use of theories and principles drawn form macroeconomics and microeconomics perspective”(p. 3). Media not only plays an important role in advertisement by helping companies or firms to promote their goods and services but it also has an impact on the economy in the different levels of activity. It is used as a…

Science by Charles Wheelan. I actually enjoyed the book and it was a very informational book about the overall importance of economics and how to understand them. Over all 12 chapters, Wheelan went into full description of how several aspects of microeconomics makes a difference and modern day examples of uses of economics worldwide. The first three chapters were basically an introduction to the world of economics, which was really useful in giving me a glance at what I will possibly be learning…

Q5. Discuss whether Rentberry can improve fairness of the housing rental market. (2 mark) The rentberry app does not create fairness to consumers as it creates inequality between different income class levels. High-income earners have an advantage whilst low-income earners are at a disadvantage. Low income earners have a low chance of winning an auction for rental properties due to being outbid by high income earners. On the other hand, high income earners have a higher chance of winning an…

The Weberian argument states that the fear of eternal damnation has led to the rationalization process of hard work and asceticism; the capitalist ethos. Often, the idea of eternal suffering can also lead to multiple irrational behaviors. History attests to the countless number of human atrocities that have been committed in the name of religion. From the Buddhist Burma to the Islamic State, religion has often been used as a driving force for irrational and senseless actions, that somehow still…

Throughout my academic and social experience at UNCC, I plan to accomplish and pursue various goals. First of all, academics has being my top priority since middle school. Putting academics before anything else landed me the opportunity to attend an early college high school. In a nutshell, I was able to graduate with an Associate’s Degree in Liberal Arts by the end of my senior year. That alone was a proud accomplishment for me and my family because, I was the first to receive a high school…

Over the last years, the tourism industry has played a significant role in the economic growth and development of numerous countries. This field represents the third largest economic sector in Europe, as this area is one of the most important tourism regions in the world and it generates more than 4% of the European Union GDP. However, the tourism industry has faced numerous challenges, from environmental disasters to globalisation, and specifically the financial crisis that started from 2008…

Suppose that, in an attempt to raise more revenue, Nobody State University increases its tuition. Will this necessarily result in more revenue? In the last three decades, the cost of education at the public colleges and universities has skyrocketed and stretched education seekers to the hilt. Arguably, colleges and university need to adjust their tuition fees to meet the expenses in provision of educational services. Consequently, they must constantly review their pricing of tuition in line with…

There are two types of scholarly research, qualitative and quantitative; they are both distinct in nature. The article, Relationship of Core Self-Evaluations Traits – Self-esteem, Generalized Self-efficacy, Locus of Control, and Emotional Stability – With Job Satisfaction and Job Performance: A Meta-Analysis (Judge & Bono, 2001) is an example of quantitative research. In order to determine if the research article is credible and scholarly, it is important to not only look at the credibility of…

variables such as productivity gains, net national savings, overall employment, and implications of trade policies (Petri & Plummer, 2016). CGE model is beneficial in order to analyze the impact of FTAs at a macroeconomic level and industries at a microeconomic level (Ando & Urata, 2006). Moreover, using CGE models is advantageous since they are based on consistent structural equations that describe the economic activity of each nation (Kawai & Wignaraja,…

SWOT ANALYSIS FOR COKE Strength: 1)Extensive beverage distribution: Coke’ s success is base on distribution and transporation system. Since Coca Cola has been operating in more than 200 countires, one can claim that Coca Cola has the most extensive beverage distribution. The reason is because demand is very high. That’ s why Coca Cola can try varied distribution system to sell the product. Manual Distribution Centre, for example, is the system in populated areas of Africa. MDC’ s are…