Economics

Economics
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manegerial economics

Application of Economic Analysis Name Institution Application of Economic Analysis Economic analysis. The world has great wealth in scarce resources. Economist works to ensure that organizations can maximize the available resources. Before an organization makes an important decision, they would benefit if they were aware of the exact condition of an economy. The economic analysis involves two critical methods: inductive and deductive method. In the deductive method of economic analysis, one starts from a general idea to a particular conclusion. While in the inductive analysis a case starts from a particular and end up to a general conclusion. Deductive reasoning follows a certain...

Online Resources Assignment

Online Resources Assignment Student’s Name Institutional Affiliation Overall Purpose of the Site The International Federation of Social Workers website is an informative platform aimed at educating people about developments in social work practice. Their motive is to promote social justice, advocate human rights and facilitate social development. The site is open to the entire world because their operations are global. The site has an information hub which keeps members of the public about some of the latest developments (IFSW, 2018). Anyone who visits the site can quickly locate the organizations serving under IFSW within their region. The site has an outline of a schedule of upcoming events...

Karl Max’s Views of capitalism

Name Instructor Course Date Karl Marx’s Views of Capitalism Capitalism is an economic system where the trade and industry of a country are under the control of private owners. The state has no control over these resources. In 1857, the financial crisis together with the reign of capitalism in Europe led Marx to believe that this would create favorable conditions for a new revolutionary period throughout the continent. In his criticism of capitalism, he looked at the general production of a country and its relation with distribution, exchange, and consumption. Also, he also studied the method of political economy and forces of production CITATION Kar39 l 1033 (Marx). He describes the labor...

Sierra Leone Analysis Matrix

Country Analysis Matrix Economic Metric United States Sierra Leone Per Capita GDP $59, 501 $522 Misery Index 6.46 26 GINI Index 41.5 34 Economic Freedom Index Overall Ranking 18 151 Human Development Index Overall Ranking 10 179 Current Account Balance $-128.2B $-1102.09M Budget Balance as % of GDP -4.9% -4.2% Summary Sierra Leone’s economy grew at a rate of 7.8% between 2003 and 2014 (World Bank Group, 2018). This impressive growth was due to mining, construction activities, and the agricultural sector. The rate, however, dropped to 6.3% (2016) and further down to 4.3% in 2017 (World Bank Group, 2018). This inflation was due to a slow recovery in the mineral industry. It, therefore,...

an economics analysis of greenhouse gas emissions associated with farming livestock (specifically cows and sheep).

Name Instructor Course Date Externalities in livestock Global warming is one of the serious issues that the world is trying to find a solution to today. The ever-increasing greenhouse gas emissions have been blamed for global warming. This has led to rising atmospheric concentration changing our climatic conditions (Jose et al. N.p). According to recent studies, livestock farming has resulted in over 6 billion in tones of produced gases. The figure can be estimated to be above 18% of all the emitted gases (Herro, N.p). Mainly cows and sheep rearing have contributed to the emission where they account for about 12% due to the high level of production of their products. The worlds tracking...

Money stock

Money aggregates tendencies: M1 and M2 stock studies Student’s Name Institution Money aggregates tendencies: M1 and M2 stock studies M1 and M2 used to be the key money aggregate indicators for the monetary policy. The M1 aggregate that used to be the head indicator in the times of monetarist rule in the Fed consists of the most liquid components of money, i.e., cash and money on the current accounts. This money can be used immediately in most of the transactions and thus have an aggressive nature, at the same time the accumulation of this aggregate can occur only due to money emission of the regulator. M2 aggregate is less liquid than M1. It constitutes all the M1 aggregate and short-term...

Myself as a Mentee

Myself as a Mentee Name Institutional Affiliation Myself as a Mentee After conducting a successful self-assessment, I realized that I have certain strengths. First I an active listener, whenever my mentor is talking to me, I usually listen attentively while noting down important points (Pcaddick.com). More so, I have noted that I am self-confident, I am never afraid of challenging the mentor. I do not always believe that my mentor is right and therefore anytime I have doubts about something I usually ask a thoughtful question. Also, I often express my ideas openly. However, I have also learned that I have a few weaknesses, for instance, I have a tendency of leaving out my mentor to decide on...

Organic Farming Methods

Organic Farming Methods Name Institutional Affiliation Organic Farming Methods The article “Organic farmers see green both in sustainability and profits” explores the gains made by farmers as a result of using organic farming methods. According to the article, farmers not only target sustainability by choosing organic farming methods but also stand to gain a lot in profit (Meersman, 2015). Although the cost of farming using both organic and conventional methods is almost the same, farmers using organic farming methods end up selling their products at comparatively higher prices than farmers using conventional methods. The article also points out the high growth potential of organic...

Economics Process Analysis Essay

Supply Management Name: Institutional Affiliation: Supply Management One of the most effective ways of minimizing costs is through improving space utilization. It costs a lot of money to keep supplies and inventory within the organization. In case a manager conducts an in-depth analysis, he can find out that the organization is paying more for the storage space that is not fully utilized (Christopher, 2016). In addition, they might be wasting money paying subordinates who search for the stored items. Therefore, a more effective strategy would be to reduce the amount of free space within the firm. The move would lower the time taken to find and pull items, an aspect that would cut the cost of...