Macroeconomics

Every economy will have the cycle of prosperity, recession and depression. The question is to what extent does government intervention aid that prosperity or depression. For any society to succeed they must find a middle ground, and accompany a mixed economy or a traditional economy for their economic growth and survival. The documentary “Commanding Heights: The Agony of Reform” directed by Daniel Yergin and article “Forget Adam Smith. Whatever Works,” written by Pete Engardio are two media…

Australia has a very strong economy that has seen many highs and lows in the past few decades. The main characteristics for Australia is free market but it still categories as mixed economy system which that is a successful phenomenon, Western market economy where the GDP is high and the rate of poverty is low. Australia is phenomenal and this country is among the first five developed countries of the world. There are four main component of the Australian economic system which had finance,…

Budgeting is one of the most important planning process in personal finance, they forecast future incomes and expenditures in the light of past experience. How they blend into our everyday life and how they help us to make wise decisions is the question I will try to answer in next few rows. a. What financial tools described in this chapter can help you make better financial decisions? Creating various budgets and reviewing financial history and predicting future are all tools that can help…

The book defines the fiscal policy as the management of the federal budget to achieve price stability, full employment, and a satisfactory rate of economic growth. Chapter 8 discusses ways to attain these goals, such as controlling its spending levels and taxes. The fiscal policy was invented by a theorist, Maynard Keynes; in the 1930s during the great depression. The suggestion Keynes made was for the government to spend money, his suggestion worked and got America out of the depression during…

When Donald Trump won the presidential election, most analysts were stunned. It seems that virtually no one expected Trump to actually take the election away from Hillary Clinton; she was ahead in the polls throughout most of the campaign cycle. Trump's victory left Wall Street almost giddy as investors responded to his campaign promises of tax cuts, financial deregulation and spending on infrastructure. However, a prominent economist is now claiming that Trump's economic policies could crash…

The March Current Population Survey (CPS) public-use files have been the primary data source used to study income inequality trends in the USA. The consensus finding of research based on these data is that household income inequality increased substantially in the 1970s and 1980s, and continued to increase but at a much slower pace starting in the 1990s (Gottschalk and Danziger 2005, Daly and Valetta 2006, and Burkhauser, Feng, and Jenkins 2009). The most notable alternative source for…

Canada has a vibrant and rising economy. It has the tenth largest economy in the world, it is also one of the world's most prosperous nations, and is a member of the North American Free Trade Agreement (NAFTA) and Group of Eight (G8). Canada has one of the highest levels of economic freedom in the world. Canada places importance in the primary sector unlike most developed countries, with the logging and oil industries being two of the most important in Canada. Natural resources industries, such…

The U.S. Federal Reserve has raised interest rates for the second time in more than a decade. The Fed has raised the benchmark rate from 0.5% to 0.75% which is only up by a quarter. The Fed projected that rates would go up by 1.5% in the year's end. When inflation rises interest rates go up, which makes it a little more expensive to borrow money, this will not affect anybody who already has a fixed rate mortgage, or if you have a car loan, but if you do get a car loan tomorrow it will be a bit…

Iceland is a Nordic island nation, and is often considered to be a country in the continent of Europe. The island is small with an area of 39,769 miles squared, and a recorded population of 334,252 individuals, as of 2016. Despite its small size, Iceland is one the the world’s most developed countries. However, even the most developed countries have had to face demographic challenges. There are five distinct demographic challenges that Iceland has had to face. Immigration rates in Iceland…

It is believed that Emperor Jimmu was the first emperor of Japan and resided in the capital city of Kyoto. However, the aristocracy fell marking the beginning of military rulers called the Shogun. Also, during this time the Shogun developed a caste system putting them at the very top. After a succession of the Shogun, the Azuchi-Momoyama period began with the establishment of the Tokugawa Shogunate, which also brought back the feudalist system (“Fact of Japan,” 2015). In 1867, the Tokugawa…