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10077 Economics of the Stock Market. This paper addresses recent developments in the stock market, examining three factors in its behavior - the Federal Reserve, investment banking practices, and industry trends - as reflected in three articles from well-known business magazines. The paper describes the aftermath of the tech crash and the events of September 11 as reflected in the stock market, and makes predictions for the next 3 years based on the articles reviewed. 6 pgs. Bibliography lists 3 sources.
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10597 Monetary And Fiscal Policy In National Economics. This paper describes the difference between monetary and fiscal policy and theory in modern macroeconomics. It also mentions supply-side theory and the Phillips Curve, and how these essentials of economics relate to the monetary-fiscal debate. 5 pgs. Bibliography lists 3 sources.
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10608 US National Debt. This 4-page undergraduate paper analyses the concept of National Debt, as it applies to US economy. It concludes, that some of our pre-conceptions on national debt and the deficit are actually misconceptions. 4 pgs. Bibliography lists 8 sources.
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3324 A Cost-Benefit Analysis of Minimum Wages. This study will look at minimum wages through a cost-benefit perspective. It makes no aims at solving the minimum wage debate, but does hope to provide the reader with a firm footing on the subject whereby s/he will be able to draw their own reasoned opinions and conclusions. For all readers, the unavoidable impression is that minimum wages, along with all price floors, interfere with the operation of market forces. In the case of genuine social problems, this is sometimes a good thing, when the benefits of intervention actually exceed the associated costs. With minimum wages, however, the results do seem to be at odds with the desired outcome. The evidence seems to suggest that minimum wages tend, on the whole, to increase unemployment in the low-skilled labour market; generally the very area that minimum wages seek to ameliorate. So, while the jury is still out on the effects of the minimum wage, it seems fair to say that regions that employ minimum wages should at the very least adopt a more cautious position on their use. 13 pages. 10 sources.
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4399 Macro-Economic Frameworks: Keynesian and Classical. This paper compares the Keynesian and the Classical economic paradigms. It argues that the Keynesian model is necessitated by the inherently unstable nature of capitalism. Data is drawn from Canadian media reports from the fall of 2000 through the spring of 2001. 6 pgs. Bibliography lists 4 sources.
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2991 The conclusions of the neo classical model of prices and markets are undermined by the existence of market failure and by the implied assumption that economic agents do not learn from experience. The neo-classical assumption that prices reflect the convergence of supply and demand in the market are limited in actuality. In particular, we can say that market failure and the implied assumption that economic agents do not learn from experience are two factors that work to undermine the proper functioning of markets. Just how much they really interfere with the proper function of the market, however, is a question with no easy answer. This study will look at how market failure and the assumption that economic agents do not learn from experience affect the conclusions of the neo-classical model. 6 pgs. 6 f/c. 3b.
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10873 Political Economy: Smith, Malthus, Ricardo And Marx. This three-page undergraduate paper attempts to answer three questions based on the evolution of political economy. 3 pgs. bibliography lists 1 source.
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