Supply-side economics

University of California, Berkeley professor Ananya Roy strives to eliminate poverty stereotypes that come forth from globalization and consumerism. In her carefully structured arguments she depicts a new light on poverty and its gaps, sharing both her experience and academic opinion. However, her discourse focuses in an expository manner, how both: First World (United States of America) and Third World (India) countries view their poverty and other’s. Moreover, in her unbiased opinion, she…

It is said that he was paid almost $135,000 by the Icelandic Chamber of Commerce to write the report. Similarly many top B school Economics Professors are being paid millions by corporate America both to advise and to sit on their boards. 2. Role of the Government- Corruption and Questionable Appointments Alan Greenspan, the economist who later became the chief of the Federal Reserve…

A. Calculate the expected value of the alternating St. Petersburg lottery in form of an infinite series? Fair gamble: In the Lottery gamble, this is chance of winning or losing for the person. A lottery is a fair gamble L=[x, -x; 1/2, 1/2\] Such that Ex= Where, x is the random variable events. The St. Petersburg Paradox: S. No: Outcomes Prices Probability 1 H $2 1/2=0.5 2 TH -$4 1/4=0.25 3 TTH $8 1/8=0.125 4 TTTH -$16 1/16=0.0625 5 TTTTH $32 1/32=0.03125 --- --- --- --- N n(T…..T)H…

In his book, “The Signal and the Noise,” Nate Silver discusses many statistical and analytic techniques as they relate to everyday events and phenomenon. For instance Silver writes about topics such as baseball, weather predictions, climate change, the stock market and terrorism to name a few. In each chapter he addresses the issues at hand and describes how statistical analysis can be employed to make the topic easy to understand and often predict certain outcomes. The book is very enjoyable…

Advantages: 1) Competition in pricing for general contract. As the name suggested, Design-Bid-Build asks general contractors to compete with each other based on the prices from subcontractors. Since this process involves biding and competing with other contractors, the owner may get the best price from Design-Bid-Build delivery method. 2) Theoretical price certainty from bid. Although general contractors put the bid document out to different subcontractors and ask them to bid on the…

The objective of the firm is to identify a market for its new products [5]. From a business perspective, the steps to be followed for the successful commercialization of a nanotechnology based product include market size, market potential, and the economic scenario of the countries and the people who use such products [6]. Common challenges faced by nanotechnology firms are : (i) Time Lag: The average time delay between research, completion, and commercialization of a nanotechnology product can…

THE NICHE MARKET: INCENTIVE TRAVEL IN BELGIUM Market overview After further research on the corporate travel industry, we discovered a niche market steadily growing in Belgium; the incentive corporate travel market. This part offers insights into the Belgian incentive travel market, and presents related matters and considerations to address in order for Roomex to capitalize on it. It is measured that around 23% of Belgian companies with sales figures of more than 620,000 Euro use incentive…

vessel’s stability and capsize scenarios. Recently, regarding structures and stability, Sano et al. (2012) have stated the requirements of classification society and regulatory bodies for anchor handling vessels. The requirements mainly include for: • Side structure and work deck…

The six-hour work week has too many downsides for it to be more benifical system than a standard eight-hour work week. It lures people in with fewer hours in the workplace, but fails to mention it's major flaws. Many people believe in the six-hour work week, each for defering reasons, and they say that it would help businesses as a whole, for both workers and employers. However, there are two major reasons implementing a progam like this, just couldn't end well. First off, it has ended in…

Enron: The purpose is to examine how information asymmetry and opportunistic behavior of legal firms, executives and auditors and the incompetence of the owners ie. The principal to control it let to the catastrophic collapse of Enron. The implosion caused due to US in Enron had created massive havoc costing the economy a whopping $ 64 billion in 2002 with GDP declining by 0.67 % in the next two years and a major decline in investor confidence directing a 17% decline in share prices. The main…