Economic Theories Essay Examples and Topics

In these descriptions, Kimmerer explains the first principles of the gift of the economy, such as everything that people receive is a gift from the land, but a present they can give is their time, [...]

The main limitation of the Lewis model is that there were two models: that of Lewis's original ideas and advocacy for the economic development of the tropical countries, and the Lewis model advocated by Fei [...]

Schumpeter's theory provides that the leading role of an entrepreneur in the economic field is the introduction of innovations from which the reward is gaining profits.

GDP is equal to all expenses of all goods and services produced in a country, equal to the total of value-added during the production of the goods and services by all industries within a country [...]

Smith summarizes benefits of markets by saying that a market society leads to improved productivity through division of labor and specialization, it is affluent to all people and it leads to ultimate reduction of difference [...]

Marx is for the opinion that this state of affairs is just the same as the previous feudal system of existence in the society.

As a result, the aggregate output of production through a division of labor process usually exceeds the alternative where a single worker handles the production from the start to the end.

The procedural category encompasses the theories of planning, whereas the substantive consists of the theories in planning. In the substantive context, planning theory refers to the descriptive and predictive body of knowledge about the morphology [...]

As revealed in this study, he developed the theory of rent, wages, and profit wrote about the Iron Law of Wages and the Theory of Comparative Advantage.

For instance, an intervention by a government determines the price of a commodity and the extent to which individuals may gain from a product in the market. In relation to unemployment, the rate of unemployment [...]

Thomas Huxley was once reputed to have said, "The chessboard is the world, the pieces are the phenomena of the Universe, the rules of the game are what we call the laws of Nature and [...]

The regression model shows that there is a weak relationship between annual exchange rates and the difference in annual inflation rates of Malaysia and the United States.

The Classical model was the most popular prior to the advent of the Great Depression that devastated the United States in 1930.

The clamor for a better system calls for the creation of a line of credit for aspiring entrepreneurs, while at the same time ensuring the sustainability of the banking sector.

However, the authors further explain that there is much more to the cost-benefit theory than actual costs and benefits: the theory is practically about "comparing the advantages and disadvantages of a potential decision".

The reputation of the business is evidenced in their reports as audited statements increase the credibility of the enterprise hence it can help the lenders such as financial institutions to rate the credibility of the [...]

The book is separated into 5 chapters and 24 smaller parts each of them targets a particular problem, analyzing the cost of popcorn at the movie theater or the outcomes of wearing a seatbelt on [...]

It is quite difficult to empirically prove International Fisher Effect due to the unobservable and immeasurable nature of the expected inflation rates and the expected real interest rates which are key factors in International Fisher [...]

According to the early theories of economics established by Adam Smith that also relate to the concept of the World of Nations, the value of land and the actual rent charged for an office space [...]

The five forces framework is aimed to analyze the level of competition within a particular industry in order to draw conclusions about the profitability of this industry and, consequently, the profitability of organizations that operate [...]

Active discussion of the importance of the knowledge-based model of economic development is related to the emergence of influential results in certain successful economies, among which the UAE is one of the best examples.

Behavioral economics can be defined as the study of the effects of psychological, cultural, emotional, and cognitive factors in the process of making economic decisions involving individuals and organizations.

The paper explains how shipping markets are organised and investigates the volatility of Efficient Market Hypothesis alongside Rational Expectations in the formation of dry bulk ship prices over a given period of time.

The essence of the Coase Theorem is rather hard to nail down; according to the existing definition, the Coase Theorem is traditionally referred to as the concept of economic efficiency achieved through the decrease of [...]

In addition to buying the same goods, the principle of diminishing utility is reflected in why people diversify their consumer behavior.

However, as the practice has shown, the impact of the Economic Stimulus Act turned out to be more modest than the financiers expected.

This type of unemployment is a natural part of the economy and is generally considered to be healthy, as it allows workers to move to new, better-paying jobs.

One of the main acknowledgments correlating with the Scottish philosopher is the establishment of the notion and foundation of the "free market", the system in which supply and demand shape prices.

The journal article "External Debt and Economic Growth: The Case of Emerging Economy" by Sami Al Kharusi and Mbah Stella Ada highlights some of the impacts of external debts on a nation's economic growth.

The purpose of the paper is to analyze markets with different classes of stocks, which are often not correlated, so that managers can balance their impact on China.

All cases against the association had a financial basis, as they were concerned with the NCAA's restrictions on non-monetary academic compensation for students and the association's monopolization of the field.

The objective of the queuing theory is to provide the framework for analyzing the features and dimensions of waiting lines. The first in, first out is one of the approaches that the management may use [...]

In regard to framework, American culture and the individuals who work within this culture can be characterized as competing and individualist.

In conclusion, capital mobility refers to the movement of capital across nations, and higher capital mobility can be observed in developed nations.

This work aims to study the article "The causality analysis of Airports and regional economy" and how effectively and clearly the authors conveyed the main idea of the work.

The effects of the pandemic on CCIs have led to a global upsurge of various organizations advocating for changes in global economic approach and research qualifying the damage that resulted from the pandemic.

During the COVID-19 pandemic, organizations also realized the essence of frequent and timely communication between the audit committee, the board, and the management.

Creativity development is a massive trend and a necessity for any business because it is the basis of innovation, evolution, and ideas.

In particular, its advertisements are designed a way that seems to appeal to the best practices of both individualism and collectivism in the United States.

The political cartoon applied different visuals to present the arguments of classical economic theory and the application and emergence of the Keynesian Theory of economics.

The theory proposed by the authors of the article was based on relevant empirical evidence revolving around the idea that there could be a positive relation between dividend premium measurements and aggregate dividend initiations.

The theory of production relations refers to the relationship that exists between those who own the means of production, mainly capitalists or bourgeoisie, and those who do not, who are the workers or the proletariat.

Proximity of firms can lead to positive externalities that lead to the effectiveness of the firm in production and its operations in general.

Consequently, the purpose of this research is a comparative assessment of the effectiveness of investment predictions of Tobin's Q theory of investment and fundamental macroeconomic parameters using the example of the UK stock market.

The idea assumed the value of a company depends on the amount of the profit and is not influenced by market mechanisms.

While exogenous factors are external and describe the resources of the economic system, endogenous ones show the quality of the economic system's agents.

A modern market economy cannot function in isolation, market transactions occur inside a set of regulations, and a person must uphold these regulations in a position of authority. Along with its laws, the government upholds contracts, other agreements, and understandings between the various parties engaging in economic transactions. The government occasionally establishes guidelines that specify […]

Dependency theory is also used to discuss the position of poor countries in the world economy, as well as their relationship to other nations in the world.

One of the essential members of the Organization of the Petroleum Exporting Countries, the Kingdom of Saudi Arabia, introduced several policies to balance the economy and control the budget deficit.

It is possible to begin the discussion of the need for keeping paper currency from referring to the rights of any people.

The UK and the US have differences in terms of registering a company. For instance, when a company finds the art of double taxation and other legalities that will manifest in their profit, it means [...]

However, this theory states that short-term steadiness is said to be the outcome of fluctuating quantity of work and investment in the total factor productivity.

The capitalist flow of goods and services across the world and the role of governments in this was a major setback in the fight against the pandemic.

Under the Great Recession's impact, people had to reassess and modify their spending behaviors to choose the most profitable areas to invest in and distribute their financial flows.

He, therefore, came up with a hybrid economy theory that would be used to help the lives of the Aborigine people.

Crucial historical transformations such as the back-rolling of capitalist west welfare states, decline or crucial metamorphosis of party states which were bureaucratic in the communist East, and weakening of the economic sovereignty of nation-states have [...]

This paper provides a summary of these results, highlighting the main aspects of the economic forecast for 2010, on both the national scale and California and Orange County area. The first highlight for the release [...]

As a consequence, profit is defined as the surplus value generated by labor above and beyond the amount needed for reproduction, as represented by wages and their buying power, such as the price of commodities, [...]

The field deals with the relationship between the labor market and investors within a country and the dynamics that govern them.

Therefore, the intensification of the processes of economic renewal and social progress of the community depends on whether the administration will be able to appreciate the necessity for cultural change in the state.

We are led to believe that free labor is a viable alternative to the traditional means of production, and children, who actively consume its products through TikTok and other platforms, may express a desire to [...]

In addition, it is vital to prove the effectiveness of the methods, applied in the past, as their outcome may not be sustainable.

The extensive growth of the population and the high speed of the urbanisation give rise to numerous concerns regarding the further development of cities and the quality of peoples lives.

The aim of the paper is to analyze the beginning and development of national competitiveness theory, and discuss the main similarities and weaknesses of the theories.

The prevalence of nationalism leads to changes in the education system, as the government tries to justify the superiority of the country by altering the curriculum.

This paper discusses the role of economic theories in the economy. He put forward the proposal of a free market system with the government playing a minimal role in the economy.

The company needs to do the following; to maintain proper books of account, ensure the accounts are in agreement with the book of accounts, and ensure sound accounting policies has been followed in the presentation [...]

This economic indicator in relation to GM is relevant in the assessment in that it clearly shows the sales in the auto industry.

Thus, it is important to look at all three variables in our research to determine the application of the law of supply and demand to the issue of the brain drain of graduates in the [...]

Theory of constraints is a managerial approach that is used to identify the most important constraint, also referred to as limiting factor, and control it to improve a company's profitability. Another benefit of the theory [...]

The paper explains the relevance of the superannuation policy and the role it played in cushioning the economy from the recent global financial crisis.

These are mainly for the purpose of regulation of activities in the buying and selling of securities. These terms are stipulated in the Certificate of Designation.

On the other hand, Madhok and Phene are quite categorical that in addition to the electric paradigm, the Strategic Management Theory is critical when evaluating the performance variations among different firms and especially when employing [...]

The fundamental concern of macro-prudential policy is to ensure financial stability that is related to; credit supply, insurance against risk, and service payment.

In conclusion, it is evident that a set of variables tends to determine the price or the value of an option.

When a private company begins to sell its shares to the general members of the public or institutional investors for the first time, it is known as an Initial Public Offering. They are sought investment [...]

In such cases, it is easier to use average-based costing to calculate the financial ratios. The third reason for the use of average-based costing is the possibility of analyzing its derivatives to find trends.

Constraints are also referred to as bottlenecks because of the limiting factor of the neck of a bottle to the amount of a liquid that will come out of the mouth of a bottle despite [...]

This means that his intention is to see the growth of his company through the growth of other companies. However, an investor will take advantage of these earnings if the company is in a healthy [...]

According to Bebee and Hunt, the source of information may have used may affect the validity of the economic analysis. For example, when conducting economic analysis, one of the major sources of information in US [...]

Therefore, the key aim of the paper is to analyze the opportunity of recapitalization, the necessity to issue debts and shares, as well as analyze the benefits of such recapitalization.

The voluntary social and environmental disclosures are an organization's response to the social expectations and these disclosures act as a way of showing the organization is binding to the social contract.

It will mainly concentrate on the use of probability concepts to make decisions required in the business I will explain the research processes and methods which I use to limit uncertainty in decision making.

The move is aimed at creating consistency in the preparations of financial statements regardless of the industry the business operates in.

Thus, every corporation functioning in the multitude of markets has to take a set of measures to protect its revenues from shrinking in the process of currency exchange. In the context of measures taken by [...]

The major theme emanating from these studies is that social networks play a crucial role in the sharing and dissemination of knowledge among members.

IPE describes the global power dynamics that control international trade and finance, fuel globalization, and wealth distribution across the globe. Sachs argues that globalization and the emergence of political economics have led to the increased [...]

In that regard, capitalist competition results in the creation of a common rate of profit. Competition between firms results in the centralization and concentration of capital.

An important assumption of neoclassical economics in the theories of classical economics is that the most important factor in determining the value of a product or service is its utility to consumers.

The early socialists fail to make changes because the system that they proposed did not deliver its promises of security, prosperity, and equality. However, scientific socialists held that revolution and socialism were the major components [...]

The agenda-setting theory will be useful to explore the impact of the coronavirus discussions in the news media on the audience all over the world.

There is also a chain of processes that lead to the manufacture of the particular product. Additionally, company A will be more inclined to ask for a long-term contract so that it is in a [...]

Some participants indicated that in their place of work, promotions are based on experience and the level of education. Most of the participants indicated that they prefer to work for fewer hours and earn more [...]

However, many researchers at the end of it all come to appreciate the fact that there is minute and mostly unnoticed differences between what is called a regular economy and a green economy.

There must be a question to think about a hypothesis. One has to test the hypothesis.

Implementation of the lean system with management, manufacturing and accounting principles leads to the formation of balanced environment within the company.

The essence of business firms' existence, as well as the functioning of the economy, was also highlighted in his explanation of the nature of the firm.

A stratified society and economy refer to an arrangement of the society and economy in form of wealth and power present in the society ad economy. Hence, the US has achieved a market but elements [...]

The exchange value of a commodity, according to Smith is measured by the input in terms of labor that has been put into it.

Either the price of the product will fall in order to create demand for the increased supply or the supply will the restricted in order to maintain the price level. The price paid is a [...]

One of the most important aspects of PERT is that it also helps to decide the budget of a project and we are trying to complete our project in the shortest time.

Friedman's monetary theory was largely influenced by the work that was performed by Irving Fisher on the quantitative theory of money, a theory proposing a view that there is a direct relation between a price [...]

He served as a Professor in Economics and Statistics at the University of Oslo from 1948 to 1979. He attended the University of Oslo and was a student of the renowned Ragnar Frisch.

To explain the effect of inflation on investors, Keynes delves into the history of inflation through the nineteenth century and tries to explain the complacency of investors at the beginning of the First World War [...]

Prior to discussing the effectiveness or ineffectiveness of the needs model under the conditions of globalization; it is of the crucial importance for us to define it and identify the major principles of this approach.

The perception of macroeconomics is in terms of a worldly view of resources while microeconomics entails a more individual feature of the economy. This makes the difference from macroeconomics, which appertains to the sum total [...]

The concept of Expected Utility states that 'a person entitled to make a decision opts to choose among risky or unsure scenes by contrasting their expected utility value.' The expected utility value is the summation [...]

The marginal benefits of having a new model that would not face a recall out weighted the marginal cost of the quality control exercise and thus the delay of the vehicles into the market.

In that regard, prior to taking vital decisions, such as raising the price of the book, Will should establish the marginal costs and the marginal benefit of such decision, and compare them in order to [...]

A market economy is buyers and sellers and is the state of trade as determined by prices, supply, and demand. The thing that distinguishes markets and money from other elements of the economy is that [...]

Democracy and its success: Democracy refers to a political system in which the political part of the government is elected through adult suffrage.

In the first place, the character and the scope of incentives for manufacturing and other businesses provided by Pitt County will be analyzed.

If modern capitalist societies' structure can be compared to the diamond, with rich and poor people on its extreme ends and with people representing a middle class in between, Marx's communism corresponds to the form [...]

Coddington says that limiting the supply of a product or service in the market will pull down the performance of a firm since the firm will lose its market share to competitors.

S economy to a steady rise so as to be able to secure the investment and investors, and also the improved economy will improve the banking system, thus a decline in the withdrawal of some [...]

The major point of the "capture" theory is that the regulatory agencies and the organizations or firms regulated by them are in the permanent interrelation which is directed at "capturing" the regulatory power by the [...]

But the customer sees that their couple of services together sold by one price and it makes them think that this is cheaper and the price is very good comparing to the competition. Bundling is [...]

Producer surplus refers to the price that the producer sells his product above the market price, this flow down to the owners of the factors used to produce the products, but in a purely competitive [...]

Once this happens to the helium market, the following will happen to the market for sugar. If this report was indeed credible and it had the effect of reducing the desire for sugar consumption then [...]

Alan Greenspan was the Chairman of the Federal Reserve from 1987 and 2006, and this book, The Age of Turbulence: Adventures in a New World is a combination of a personal memoir and a series [...]