Coursework

Free Coursework Archive for ‘Economics Essays’

Quality standard evaluation for international co-operation in research

Sticking to international standards of research is undoubtedly important since many research bases take for granted the authenticity of a partner’s project they wish to be a part of This helps to save time and money (more…)

Oil Prices Could Soon Reach 100 dollars a Barrel

It is important from the outset to state that oil does not necessarily mean wealth. The CIA world factbook officially classes 112 countries as oil producers. This is out of a total list of 232 countries, which means that almost half of the world’s nations are classed as oil producers (more…)

The behaviour of the UK housing market

There has been a clear pattern in house price over the last few decades. A steady rise throughout the eighties followed by price contractions into the nineties This type of behaviour is frequently seen in property markets and is called a ‘boom & bust ’ (more…)

Growth and Urban development

The present major economic statistics of the country indicate that there is a serious problem existing in the education sector. Neither the government is allocating enough for advancement in this area nor much if being done to make education more accessible to all sections of the society (more…)

Capital Asset Pricing Model and portfolio management

Following the development of portfolio theory by Markowitz, two major theories were put forth that employed the theory to derive a model for valuation of risky assets; they were namely the Capital Asset Pricing Model (CAPM) and the Arbitrage Pricing Theory (APT) (more…)

The impact of the First Gulf War (1991) on oil prices

The First Gulf War started when US attacked Iraq on 17th January 1991. But the real war had started when Iraq invaded Kuwait on 2nd August 1990 and proclaimed it as Iraq’s province. Tension was already simmering between the two countries (more…)

Oil spot prices and the first Gulf war

Iraq’s invasion and subsequent stoppage of Kuwait and Iraq oil supplies resulted in shortage of approximately 6.9 percent of oil production. But the oil price shock resulting from the invasion was very dramatic. Oil prices doubled within two months to over $40 a barrel from $20 a barrel (more…)

Long term impact on crude oil prices due to the First Gulf War

To analyse any long term impact of the First Gulf War on crude oil prices, we compare the crude oil prices in a decade prior to war with crude oil prices in the decade after the First Gulf War (more…)

Futures in crude oil price

Futures not only reflect the actions till date but also incorporate the likely course of action. The future prices show what traders expect to happen. Futures allow companies or traders to purchase contracts to buy or sell crude oil at some time in future (more…)

Factors behind low housing supply

The inability to meet the demand for new properties is being strongly because of the shortage of residential land according to the survey of the largest Housing Society, Halifax. This is also causing an escalation in the property prices (more…)

Analysis of Factors behind Growing housing demand

According to a recent article published by the BBC on November 8th 2005, house prices in UK were higher by 3.5% for three months upto September as compared to last year. The average standing price was estimated at £194,589 which was 16.3% over last year (more…)

Economic growth should always be a government’s main priority

In order for anything to survive in this world today, money is important. If a country has revenue or assets and resources that are worth a great deal, it will be stable and secure. In addition to having revenue, assets, and resources, there is another important thing that a country needs: economic growth (more…)

A critical Analysis of the Economic perspectives on manufacturing

One could say that a change in the exchange rates, i.e. changes in the value of the pound does have a direct effect on manufacturing. I.e. a rise in the value of the pound would lead to UK manufactured products or goods to be expensive and thereby curtail the demand for UK manufactured goods to other cheaper available sources. (more…)

The Theoretical importance of manufacturing from an Economic Perspective

Both total and per capita output has risen for many decades in most industrial countries. These long-term trends have produced rising average living standards. In the UK the real value of the average wage doubled in the twenty years between 1953 and 1973 (more…)

A Literary review of manufacturing Decline in the UK

According to Ernst and Young (2002), the UK is the fourth largest economy in the world and a leading trading nation. Manufacturing is crucial to this position. They argue that the exchange rate is a barrier to profitable exporting (more…)

Should congestion charges be extended in the UK

The logic behind congestion charge relates to the fact that roads are virtually the only public utility that is free at the point of use. Customers pay a higher tariff if they use their phones at peak times, the same goes for electricity. Railways, planes, buses and ferries manage demand by price and by how busy the services are. (more…)

UK gender wage differentials are not primarily due to discrimination

Discrimination against women is apparently not the only reason for differentials in UK gender wage; there are particular ways of life and socio-geographic reasons that prevent women from earning the same wage as men do. (more…)

Britain and EU membership

Membership of the EU has been the most contentious issue in British politics since 1973. Indeed no other foreign policy issue has caused so much divisions and bellicose debates in modern Britain. (more…)

Would the UK benefit from joining the EU

There are various micro benefits of UK joining the EU and adopting the Euro. Firstly, gains from reduced transaction costs. It is clear that abolishing the costs of exchange from one currency to another eliminates inefficiencies and distortions in the single market. (more…)

What is the evidence for a small firm revival?

The term ‘small firm’ is taken to encompass SME (small to medium sized enterprises) and so covers any firm from a self-employed individual to a company that still behaves more like a small than large corporation. (more…)

The bank of england independence

Though the post-1992 institutional changes placed some constraints on the ability of the Chancellor to base interest rate decisions on political rather than economic considerations, the discipline was inevitably only partially given the scope for differences in view about the prospects for inflation. (more…)

The history of monetary policy strategies

For the first part of post-war period, monetary policy was designated only a marginal role in the control of aggregate demand. In line with Keynesian principles, fiscal policy was seen as the primary tool of macroeconomic stabilisation, while interest rates were to be set low to encourage investment and credit controls employed to restrain consumer borrowing (more…)

A critique of Cournot, Bertrand and Stackelberg models of oligopoly

The Cournot, Bertrand and Stackelberg models, commonly known as the conjectural variation models, intend to explore the behaviour of firms in an oligopolistic market structure. (more…)

The feasibility of congestion charging in Glasgow

Transport affects everyone on a daily basis and many can testify to the infuriating delays caused by increased car ownership and the poor infrastructure of many UK towns and cities. The resulting problems associated with congestion have many consequences: economic, environmental and social. (more…)

The potential for success in congestion charging in Glasgow

Forster (2005) looks at some of the reasons behind the eventual defeat of Edinburgh’s congestion charging plans in a public referendum, outlines how the proposed scheme would have worked and considers whether a referendum was necessary (more…)

The implementation of a congestion charge in Glasgow

The following examines results derived from a survey conducted by the University of Strathclyde (Weir et al, 2004). The objectives of the researchers were to find out where people in Glasgow travel from and whether it was from outside Glasgow. (more…)

Glasgow City Centre: Considerations for congestion charge

Glasgow city has a population of approximately 612,000 and receives many more people who commute into Glasgow from surrounding districts. (more…)

Congestion charges and the Integrated Transport White Paper

The Commission on Integrated Transport, established in the 1998 Integrated Transport White Paper “to provide independent advice to Government on the implementation of integrated transport policy”, provides a succinct summary of the need for congestion charges. (more…)

An investigation into the possible effects of a Congestion Charge within Glasgow City Centre with particular regard to the property markets.

Urban growth over centuries has been built on the premise that transportation costs for goods, for people and for ideas can be minimized. A corollary of this has traditionally been a public transport system which has transported the working population to the Central Business District, the heart of a City. (more…)

Essay on biases in overseas aid transfers

A vitally important issue observed in a number of studies on aid programmes was the presence of different biases including but not limited to choice of countries, sector or sub-sectors of activity as well as the designs of aid projects. (more…)

Are overseas aid transfers an effective means of fighting poverty?

As with other social disciplines, that of poverty continues to be at the center stage of practically all the international donor agencies as well as the rich nations of the world. This is also evidenced in the most affected group of countries around the world, which include amongst other the Sub-Sahara countries of Africa in particular, and the third world in general. (more…)

What are the advantages of trade between UK and developing countries such as India and China?

If one looks back around a hundred or more years ago, life was certainly simpler than it is today. This refers to the fact that there have been a plethora of developments that have impacted everyone. The developments that one may consider in particular are technological ones as well as intellectual ones. Some may even go as far as asserting that each of these drives the other. (more…)