Economic Theories Essay Examples and Topics

215 samples

“The Gift of Strawberries” by Robin Kimmerer

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, [...]
  • Pages: 3
  • Words: 925
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Schumpeter’s Innovation Theory

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.
  • Pages: 4
  • Words: 1007

What Are the Limitations of the Lewis Model?

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 [...]
  • Pages: 10
  • Words: 2758

Should America Keep Paper Money

It is possible to begin the discussion of the need for keeping paper currency from referring to the rights of any people.
  • Pages: 4
  • Words: 1139

Adam Smith And The Invisible Hand

4.5
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 [...]
  • Pages: 7
  • Words: 1911
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Capital Insufficiency and Importance to Small Businesses

Since globalization compels small business to expand and keep in tandem with business dynamics, insufficient capital becomes the greatest impediment that affects growth and development of small businesses relative to large businesses.
  • Pages: 6
  • Words: 1707

Uncontrollable Forces on International Business

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 [...]
  • Pages: 5
  • Words: 1431

Discussion of Neoclassical Theory

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.
  • Pages: 1
  • Words: 300

Advanced Theories of Urban and Regional Planning

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 [...]
  • Pages: 5
  • Words: 1335

Theories of Rent and Urban Economics

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 [...]
  • Pages: 10
  • Words: 2868
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Neoclassical Economy Versus Political Economy

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 [...]
  • Pages: 4
  • Words: 1238

Change in the Value of Money According to Keynes

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 [...]
  • Pages: 4
  • Words: 1054

Development Theories After Second World War

Consequently, the rate of growth and development could be measured by the level of savings and investment in physical capital in the country. This theory has included changes in technology into the model of growth [...]
  • Pages: 3
  • Words: 810

Adam Smith on Division of Labour

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.
  • Pages: 3
  • Words: 862
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The Importance of Auditors Report to Stockholders

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 [...]
  • Pages: 4
  • Words: 1199

Varieties of Capitalism in China

The field deals with the relationship between the labor market and investors within a country and the dynamics that govern them.
  • Pages: 9
  • Words: 2192

David Ricardo’s Economic Theories

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.
  • Pages: 10
  • Words: 1420
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Unemployment, Labor, and Government Economic Forces

The article, "The State of Economics", is an article that discusses the turmoil between economists of the current age in trying to reconcile economic principles with both the classical and Keynesian economic theories of the [...]
  • Pages: 3
  • Words: 832

Basics of Microeconomics and Macroeconomics

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 [...]
  • Pages: 4
  • Words: 1327

Schools of economic thought

Of all the schools of thought, the neoclassical school of thought has had the most influence in my way of thinking.
  • Pages: 2
  • Words: 576

Economics and Its Meaning in Everyday Life

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 [...]
  • Pages: 10
  • Words: 3484
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Consumer and Producer Surplus

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 [...]
  • Pages: 2
  • Words: 631

Unemployment and Economic Dynamism

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.
  • Pages: 4
  • Words: 1161

The Theory of Capitalism and Its Current Context

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.
  • Pages: 4
  • Words: 1189
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Essay Report Quantitative Research Methods

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 [...]
  • Pages: 5
  • Words: 2045

Cost-Benefit Theory: Literature Review

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".
  • Pages: 3
  • Words: 849

Externalities in Economic Theory

Concerning an original and economics-based explanation, it is feasible to state that externalities are expenses or benefits that are transferred to a third party or external member but are not included in the total cost.
  • Pages: 1
  • Words: 293
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Role of Capital Mobility in Economic

In conclusion, capital mobility refers to the movement of capital across nations, and higher capital mobility can be observed in developed nations.
  • Pages: 1
  • Words: 298

A Staple Theory of Economic Growth

Further, it compares the staple approach with other frameworks of economic growth; and, eventually, suggests the applicability of a staple approach to the historical case of Canada.
  • Pages: 1
  • Words: 248
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The Keynesian and Smithian Theories Analysis

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.
  • Pages: 2
  • Words: 551

Appearing and Disappearing Dividends by Baker & Wurgler

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.
  • Pages: 5
  • Words: 1360

The Theory of Production Relations by Karl Marx

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.
  • Pages: 2
  • Words: 564
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Tobin’s Q Theory of Investment

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.
  • Pages: 1
  • Words: 392

“When The Money Runs Out” Article by Baird

The paper deals with cash transfer programs in developing countries, and the authors discuss the estimates of cash transfer to adolescent girls after the end of the CCT program and the outcomes thereof.
  • Pages: 1
  • Words: 280
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The Role of the State in Economics From the Point of View of Economics and the Bible

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 […]
  • Pages: 2
  • Words: 618

Modernization and Dependency Theories

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.
  • Pages: 1
  • Words: 336

Conspicuous and Inconspicuous Consumption

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.
  • Pages: 1
  • Words: 337
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Chapman University Economic Forecast

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 [...]
  • Pages: 5
  • Words: 1304

Karl Marx’s View on Value, Price, and Profit

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, [...]
  • Pages: 2
  • Words: 718

Effects of Reforming Economic System

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.
  • Pages: 2
  • Words: 596
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Free Labor Illustrated by the Example of Bloggers

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 [...]
  • Pages: 1
  • Words: 278
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The Role of Economic Theories in the World

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.
  • Pages: 1
  • Words: 365

Relation Between Economics and Company

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 [...]
  • Pages: 4
  • Words: 1154
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Business: Theory of Constraints

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 [...]
  • Pages: 2
  • Words: 631

Fundamentals of Finance: Convertible Notes

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.
  • Pages: 3
  • Words: 843

Theories That Influence the Performance of International Firms

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 [...]
  • Pages: 2
  • Words: 623
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Wal-Mart’s Initial Public Offering

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 [...]
  • Pages: 2
  • Words: 234

Average-Based Costing – Method for What

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.
  • Pages: 2
  • Words: 565

Look-Through Earnings Definition

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 [...]
  • Pages: 2
  • Words: 555
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Sources of Information for Economic Impact Analysis

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 [...]
  • Pages: 2
  • Words: 530

Stephenson Real Estate Recapitalization

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.
  • Pages: 4
  • Words: 1106

Voluntary Social and Environmental Disclosures

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.
  • Pages: 3
  • Words: 980

Probability and Statistics: Decision of Uncertainty

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.
  • Pages: 3
  • Words: 986
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International Political Economy, Democratization, and Terrorism

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 [...]
  • Pages: 2
  • Words: 554

The Falling Rate of Profit Theory

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.
  • Pages: 2
  • Words: 477
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The Neoclassical and Vulgar Economists

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.
  • Pages: 2
  • Words: 500

Research of Utopian Socialist Ideas

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 [...]
  • Pages: 3
  • Words: 516

An Informal Study of Labor Economy

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 [...]
  • Pages: 9
  • Words: 2560
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Regular vs. Green Economy: Finding Differences

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.
  • Pages: 2
  • Words: 572

Ronald Harry Coase: A British Economist

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.
  • Pages: 9
  • Words: 2499

Free Level Market in the US: Discussion

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 [...]
  • Pages: 2
  • Words: 566
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The Demand Curve and its Meaning

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 [...]
  • Pages: 3
  • Words: 1147

Milton Friedman: Economic Theories and Their Importance

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 [...]
  • Pages: 6
  • Words: 1658
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Trygve Haavelmo in the Econometrics Field

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.
  • Pages: 4
  • Words: 1164

Needs Model: Term Definition

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.
  • Pages: 2
  • Words: 590

The International Fisher Effect Theory

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 [...]
  • Pages: 2
  • Words: 674
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Microeconomics and Macroeconomics Differences

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 [...]
  • Pages: 3
  • Words: 832

Economic Theory and Applications: Expected Utility

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 [...]
  • Pages: 4
  • Words: 1098

Economic Marginal Analysis and Choices

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.
  • Pages: 5
  • Words: 1399

Will Bury’s Price Elasticity Scenario

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 [...]
  • Pages: 2
  • Words: 566
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“The End of Oil” by Paul Roberts

He is also the author of the book "The End of Oil" which is a tour de force of the prevailing scenario with regards to the hydrocarbon economy and the future of oil and how [...]
  • Pages: 2
  • Words: 588
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