Category: Macroeconomics

Walmart, one of the worlds largest retailers, owns sub-brands that manufacture products of different categories. Equate is a sub-brand that produces pharmaceuticals and cosmetic goods. Due to its affordable price and quality, Equate has stable sales of various drugs, but Ibuprofen may be considered one of the most popular medications among the population (Equate Ibuprofen…

I learned from the video that the world needs to keep pushing forward to financial inclusion. Currently, over 2 billion people are either unbanked or underbanked  people outside of the banking systems and people who cannot access the full scope of opportunities these systems offer (TED, 2021). In other words, governments should move towards…

The paradigm of macroeconomics, and the notions of aggregate supply and demand, in particular, serve as the drivers for the emergence of specific economic trends, competition in the market, and pricing patterns. However, when considering the fact that the aggregate demand and supply usually focus on the average supply curve and customers demand for a…

Introduction The success of any states economy in 21st-century economies largely depends on the stable macro and microeconomics status of financial and stock markets. Macroeconomic studies focus on the productivity of the general economy in relation to money systems, performance, financial structures and the behaviour of financial markets. Due to globalization and technological advancements, the…

Introduction Germany is a country that has a long history and has always been at the forefront of global economic development. At the same time, in the 1990s, Germanys economy encountered a downturn which gave the country the name The Sick Man of Europe (Notermans & Piattoni, 2021). Still, Germany was able to overcome all…

The problem discussed in the selected episode of the podcast is related to the recent changes in citizens wages, which, surprisingly, do not bring extra income. These outcomes are conditional upon the ongoing inflation resulting in rapidly growing gas prices, which becomes an obstacle for some people (Smith, 2021). The adverse consequences were reported by…

Under perfect competition, many firms sell identical products, the price is set by the market; Under monopolistic competition, the price is still set by the market, but the products are more differentiated; With an oligopoly, the number of firms in the market is small, a high degree of interaction between them; With a monopoly, there…

In the current epidemiological situation, macroeconomics is in a state of crisis. The current market system is now complicated to represent an integral mechanism that could unite all continents. Countries such as the United States and China have long restored the pre-crisis economy and therefore continue to wage trade wars again, ignoring Europe. The main…

While exploring the book written by Greenlaw and Taylor (2014) Principles of macroeconomics, I found remarkable information provided in Chapter 2 in the section Confronting objections to the economic approach. This part of this section puts emphasis on human behavior and explores the notion of self-interest from various perspectives. The authors highlight that the economic…

Table of Contents Introduction Fiscal Policy: Taxation Fiscal Policy: Government Expenditure Monetary Policies Global Context Conclusions References Introduction For the benefit of the incoming administration, I submit this report to document, analyze, and interpret the macroeconomic policy decisions I made as the chief economic policy advisor of Econland. The purpose of this document is to…