Commentary on six Economics Articles

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Dasari  

Janaki Dasari

Professor Mr.  Mayer

Microeconomics 102

2 November 2009

     Microeconomics, the study of the economic behavior of small economic groups such as firms and families, is one of the largest subfields in economics. The general concern of microeconomics is the efficient allocation of scarce resources between alternative uses but more specifically it involves the determination of price through the optimizing behavior of economic agents, with consumers maximizing utility and firms maximizing profit. The following articles will discuss more about the economy of our nation as well as globally.

Local articles:

    According to Patricia Daddona, in her article “State Jobless Numbers Up, But Local Area not So Bad”  t across the state, six of 10 major employment sectors were hit with job losses, three gained, and one remained stable. The biggest losses occurred in the trade, transportation and utilities segments of the state economy, down a total of 3,400 jobs, and in professional and business services, down 2,900 jobs. Other losses were registered in education, health services, manufacturing and financial services. In contrast, leisure and hospitality gained 1,400 jobs, government added 1,300 jobs, and construction added 1,200 jobs and the information sector level stayed the same. Daddona says "We thought there was going to be some let up, so we were a bit surprised (at the statewide statistics) but when we saw the national numbers and the job losses were larger than anticipated and larger than the previous month, I think what we're seeing in Connecticut is just a reflection of what's happening nationally." This article shows an example of the current recession and employment in Connecticut, as we always discussed in the class.

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     According to the article “Pfizer Reports 26 Percent Earnings Increase”, Lee Howard states that Pfizer’s earnings are up 26 percent compared to last year. There was revenue of $11.6 billion this year. Over $600 million of the loss could have been blamed for an unwanted foreign currency exchanging on the dollar. This earning happened when it got together with Wyeth, after the report of Pfizer for illegal marketing techniques. Pfizer’s chairman and CEO said that "We are pleased with our results this quarter and in our ability to once again deliver solid operational performance in an environment that continues ...

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