Economics Essay Topics

Canadian Briefing Note (LCBO)

1. Introduction The Liquor Control Board of Ontario (LCBO) is a Crown Corporation established in 1927. It operates nearly 600 stores across the province and has a monopoly on the sale of spirits in Ontario.1 LCBO generated nearly $2.9 billion annually for the people of Ontario – including $2 billion in taxes and another $900… View Article

The various methods of dealing

Legally, a working Monopoly is defined as a firm which controls 25% of their market. This immediately raises problems, within the measurement of market share, and the definition of their market. Microsoft is a considerably well known monopoly (as a whole), but is this the case for all areas of business? This would be the… View Article

The behaviour of firms in spectator sports

Spectator sports are a very complex type of market structure, with 2 main features of profit maximisation and club success, an issue for clubs is that weather they put sporting success ahead of profit, supporters surely want supporting success, rather than profit maximisation. The premier league has seen great diversity between super elite clubs, whilst… View Article

The control of inflation

Since Edward Heath spoke about inflation in 1973 it has been a generally held view that the conquest of inflation is the most important task for government economic policy. Whilst this view is beginning to be challenged in all political parties, the public universally regard inflation as having a detrimental affect on the economy. The… View Article

International Foundation Year Macroeconomics

Question 2a) Explain the meaning of the term ‘inflation’. Along with the development of society more and more problems are brought to our attention, one of which is that ‘inflation’. Nevertheless, with the advance of the human civilization, the living standard increases gradually so the price index and Retail Price Index (RPI) rise gradually as… View Article

External influences

Three ways in which an increase in unemployment might affect Hacker PLC are Organisation, Payments, and Government spending. Organisation – Unemployment can have a number of effect on the internal organisation of a business. It may mean that the firm can no longer afford to recruit new members of staff because of low demand for… View Article

Government Economic Policies and Business

(a) The government used fiscal policy to increase public spending. This implies that a rise in taxation also took place. The rise in taxes meant that people had less money to spend, i.e. less disposable income. As a result, they were unable to buy as much. This caused the demand of certain products to decline…. View Article

Income and Disposable Income

Income will mean cash income before taxes, and will include government transfer payments such as unemployment insurance benefits, family allowance payments, pensions, welfare assistance, etc. Disposable income specifically focuses on the amount of income available for private consumption and spending. Disposable income takes into consideration the reality that “take-home pay” is heavily influenced by not… View Article

First-Time Buyers

Housing is a common asset that most people regard as their biggest financial asset and the largest make-up of their wealth; the purchase of a house is usually one of the largest investments an individual will make, and therefore lower house prices may encourage more people to consider purchasing housing, serving as a more affordable… View Article

Toray Textiles in to Mansfield

Case Study of * What is Toray? * Why Mansfield? * How does it benefit local community? * The multiplier effect. * Factors involving the choice of a work site Toray Textiles – Key facts : * Established in Japan in 1926. * Owns over 60 branch plants – Asia, North America, Europe, making company… View Article

Illustrate The Causes if Inflation And Deflation

With the aid of diagrams, illustrate the causes if inflation and deflation, and by comparing their economic effects consider how both can effect the corporate sector This essay will aim to cover the causes of inflation and deflation and see how their economic effects influence the corporate sector. By first defining any key terms, then… View Article

How the Existence of Firms Shows That There Are Imperfections in the Market

Introduction In 1776 moral philosopher and father of modern economy published his book “The Wealth of Nations” which singlehandedly changed the way we looked at political economy. The book, which was Adam Smith’s essay originally explaining why some nations are wealthier and more flourished than others, featured a few key insights. One of the most… View Article

Internal & External Economies in Mumbai

The long run – increases in scale A firm’s efficiency is affected by its size. Large firms are often more efficient than small ones because they can gain from economies of scale, but firms can become too large and suffer from diseconomies of scale. As a firm expands its scale of operations, it is said… View Article

Productive Opportunity

Productive opportunities depends on multiple things, the advancement of technology, the availability and access to resources, and also what producers and entrepreneurs can think of at the given time. Choosing a combination of productive and financial opportunities help maximize wealth. They key in finding a productive opportunity is a high degree of awareness of the… View Article