Microeconomics Term Paper

Words: 3733

Pages: 15

Open Document

Price Control | January 21
2011
| Price control if not properly managed could be disastrous to the economy. It maynot only lead to higher prices in the long-run, but can even disrupt an industry. If pricesare not allowed to vary in response to greater risk, cost of production, and increasing costof staying in business, not enough producers would be encouraged to supply the product. | A Term Paper |

B I B L I O G R A P H Y

Philippine Institute for Development Studies, Economic Issue of the Day Vol. X no.2 (March 2010), "The Janus face of price controls"

The Business Star, “DTI Price Monitoring Scheme Now Underway In All Provinces,” May 17, 1989, p.
12.

http://www.philstar.com/Article.aspx?articleid=538575 …show more content…
(4) "Panic-buying" is the abnormal phenomenon where consumers buy basic necessities and prime commodities grossly in excess of their normal requirement resulting in undue shortages of such goods to the prejudice of less privileged consumers;
(5) "Person" means a natural person or juridical person;
(6) "Prevailing price" means the average price at which any basic necessity has been sold in a given time within a month from the occurrence of any of the conditions enumerated under Section 6 of this Act;
(7) "Price ceiling" means the maximum price at which any basic necessity or prime commodity may be sold to the general public; and
(8) "Prime commodities" include fresh fruits; flour; dried processed and canned pork; beef and poultry meat; dairy products not falling under basic necessities; noodles; onions; garlic; vinegar; patis; soy sauce; toilet soap; fertilizer; pesticides; herbicides; poultry; swine and cattle feeds; veterinary products for poultry, swine and cattle; paper; school

Economics Paper

Economic Terms and Healthcare History Ramona Johnson There are so many changes that are consistently changing and impacting our healthcare economics. Healthcare companies have been making changes to their systems and coming up with better financial strategies and organizational strategies that better fit there company needs. One very strong influence on the changes that have affected our healthcare economics is the economy. (“Are The Economics Of Healthcare Getting You Sick?,” 2014)…

Words 488 - Pages 2

Eco365 Week1 Essay

| Syllabus School of Business ECO/365 Version 4 Principles of Microeconomics | Copyright © 2011, 2008, 2007, 2006 by University of Phoenix. All rights reserved. Course Description This course provides students with the basic theories, concepts, terminology, and uses of microeconomics. Students learn practical applications for microeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic events. Policies Faculty…

Words 2646 - Pages 11

Principles Of Microeconomics

Fall 2013 AUG 26 - Dec 15 Econ 001: Principles of Economics I (Microeconomics) Section 0903, 3 Units I Required Text The required text for the course is Econ Micro 3rd Edtion William A. McEachern. (South-Western Cengage Learning). ISBN: 978-1-111-82224-8 Course Advisories: English 020A COURSE OUTLINE Course Description: This introductory microeconomics course provides an understanding of basic economic principles and forces, which govern the production, and distribution…

Words 2055 - Pages 9

Macro and Micro Causes of Financial Crisis Essay

in the grip of the worst financial crisis since the depression era of the late 1920s. Major Banks in the U.S., the U.K. and Europe have collapsed and been bailed out by state aid”. (Valdez and Molyneux, 2010) Identify the main macroeconomic and microeconomic causes that resulted in the above-mentioned crisis and make an assessment of the success or otherwise of the actions taken by the U.K government to resolve the problem. By Alistair Walters – A913910 1 Five years on from the beginning…

Words 2220 - Pages 9

Intermediate Microeconomic Theory I (Fall 2014)

Information on Midterm Exam #2 AP/ECON2300A – Intermediate Microeconomic Theory I (Fall 2014) Instructor: Prof. Xueda Song October 26, 2014 1. The mid-term exam #2 will be held at 10-11:25am (85 minutes) on November 6, 2014, Thursday, at ACW006 (our regular classroom). Please arrive by 9:50am. 2. You must bring a photo ID to the exam. You will be required to sign your name on the class list at the beginning of the exam. You do not need to sign out. 3. Please bring pencil, pen, ruler, eraser, and…

Words 614 - Pages 3

Business Economics Final Question Paper

|[pic] | |Examination Paper | | | |School of BUSINESS | | | | | |Course: | |BUECO5903…

Words 1894 - Pages 8

Transportation Logistics and Economic Decline: Politics, Infrastructure and the Recession Essay

…………………………8 Impacts of the Great Recession……………………………………………………………….…..10 Transportation and Politics………………………………………………………………….….....14 Conclusion……………………………………………………….………………………….…….17 References………………………………………………………;…………………….………….19 Absract This paper attempts to explain the cyclical…

Words 4672 - Pages 19

Essay about ECO2302 SYLLABUS SSI 2015 Online Course COB Format 1

COURSE SYLLABUS: ECO 2302: MICROECONOMICS (Online) University of Houston-Downtown Summer I, 2015 COLLEGE OF BUSINESS INFORMATION: This course is in support of a degree program at the UHD College of Business that has earned professional accreditation by AACSB International. AACSB International is an association of more than 11,100 business educational institutions, and other organizations in 70 countries that are dedicated to the advancement of management education worldwide. Only 568 business…

Words 2784 - Pages 12

Essay on determinants of demand report

Determinants of Demand Yiadom Adu Introduction to Microeconomics/ECO102 March 11, 2013 Alan Beideck Determinants demand This report will discuss about the determinants of demand and determine how they are shift in a demand curve. This report will also give definitions for the factors that are determinates of demand and also give a real life example. Demand can be describe as possessing a product or making use of a service, combined with the ability to purchase it. In other words, determinants…

Words 1007 - Pages 5

Essay on Economics: Supply and Demand and Demand

Price Elasticity of Demand Report Introduction to Microeconomics/ECO102 March 25, 2013 Price Elasticity of Demand This paper will discuss about price elasticity of demand and factors that affect price elasticity of demand. Elasticity can be described as a measure of the sensitivity of demand for goods or merchandise to changes in price. Price elasticity determines how much of an impact a change in goods or services price will have on the…

Words 830 - Pages 4