15 Historical Economic Questions on Mercatilism and the Development of European Countries.
Austin Lazar Prof.Kypraios Economics in Historical perspective 2/7/2012 5 Historical Economics Questions, Answered What explains the rise of the Dutch Republic? In nineteen fifty-six the seven provinces of the Dutch Republic started a rebellion with the vision of freedom against Philip II of Spain. This rebellion in turn resulted in the start of the Eighty Years War. The war took tremendous financial effort to win but the Dutch Republic was in better financial shape than ever before and was poised to take over Europe. In 1585 the Anglo-Spanish war breaks out between England and Spain. The end result forced Spanish troops to halt their advances and left them in control of important trading centers like Bruges, Ghent, but without control of Antwerp. Antwerp, one of the largest trading centers of the time was soon to be seized. The seizure of Antwerp brought labor from the trading port of Antwerp to the Dutch Republic, but mainly Amsterdam. This of influx of skilled labor would be beneficial to the Dutch East India Companies, established two years prior to the seizure of Antwerp. The Dutch East India Company was a chartered company established in 1602, and was considered to be the first multinational corporations of all time. Received a monopoly on Asian trade and was permitted to keep it for two centuries. The Dutch East India Company was specializing in the spice trade
Extended Essay
Adam Szakal An investigation of the Hungarian natural gas market What effect will the recent government reforms have on the price of natural gas in Hungary and the dependence of the gas market on the Russian supply? International Baccalaureate Extended Essay in Economics September 2009 Word count: 3937 Abstract The Hungarian natural gas price subsidy was ineffective and a huge economic burden for the state budget. The market has been uncompetitive and dependent on Russian supply. The government has made some changes to reform the system. This essay provides an analysis of these changes focusing on the question: What effect will the recent government reforms have on the price of natural gas and the dependence of the gas market on the Russian supply? In order to respond this question I made references to many economic concepts: price, elasticity of demand, price discrimination, monopoly, oligopoly, privatization, liberalisation, externalities and market failure. Theories are compared with results taken from previous questionnaires filled out by local people from different parts of Hungary, an interview and government publications on the changes implemented between 2006 and 2009. This essay focuses on the subsidy system and the liberalisation of the Hungarian natural gas market. A conclusion was drawn from the ensuing analysis as follows. The liberalisation of the
feasibily studies
A Project Feasibility Study Presented to: The Faculty of Elizabeth Seton School High School Unit Technology and Livelihood Education In partial fulfillment Of the requirement in Technology and Livelihood Education III By: Ken Gabriel Fernandez Anjelo Lenin Ramirez Guido Alvaro Ricardo Mica Bianca Gonzales Trisha Manel Santos Alvie Marie Villapaña Of III - Tawi-Tawi February 2008 APPROVAL SHEET In partial fulfillment For TLE III This Study is Entitled: _______________________ Has been prepared and submitted by: Ken Gabriel Fernandez Anjelo Lenin Ramirez Guido Alvaro Ricardo Mica Bianca Gonzales Trisha Manel Santos Alvie Marie Villapaña Of III - Tawi-tawi S.Y. 2007-2008 Whose grade for the paper is ___% ___________________ Ms. Mary Joan Samonte Project Study Moderator TABLE OF CONTENTS Preface --------------------------------------------------------------------------------------------- v Acknowledgements -------------------------------------------------------------------------- vi Chapter 1 Background of the Study ------------------------------------------------------------ 1 Chapter 2 Organizational and Management Feasibility ------------------------------- 21 Chapter 3 Marketing Feasibility --------------------------------------------------------------- 28 Chapter 4 Production Feasibility
Economics Assignment
Economics Standard Level Assignment Case Study, National income, Macroeconomics 5/19/2008 IB Economics SL Patrick Vollmer Outline of Content of this Package: . Case Study 2. Overhead- Introduction to Macroeconomics 3. Measuring National Income 4. Summary IB Economics Companion - p.147-157 5. The Good, The Bad & The Economist- p.304-325 6. National Economic Performance Sheets with questions 7. National Income Statistics 8. National Income Overhead ) The Case Study - "rise of the Gulf" The article "Rise of the gulf" which is an extract of the magazine "the economist" is based on the condemnation and recommendation for the oil rich nations that are allocated at the Arabian Gulf. It portrays the path on which the Gulf nations rely too profoundly on their oil supplies and are founding their economy on the growth of the global oil market. The difficulty that occurs by this resource allocation is that changes in the value of a commodity (specifically oil) then directly affects the economy of the nation. Though oil is constant at present, oil cannot last forever and the great economical surplus that these oil rich nations have could disappear if oil where to decrease or finish. For most of the oil relying nations, the great prosperity has proven more of a irritation than a blessing as the large sums of capital have not been repretiated into the economy but rather kept
Role of ICT for "Make in India" government initiative.
HARNESSING THE POWER OF ICT FOR “MAKE IN INDIA” INITIATIVE C:\Users\Elcot\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Word\MAIT-620x400.jpg ________________ ICT FOR MAKE IN INDIA INTRODUCTION:- During our freedom struggle, Mahatma Gandhi gave a clarion call for boycotting foreign made products and to use the Indian made clothes with a view to drive imperialist British people. After 67years of independence and self rule we are still at cross roads of economical independence. Even though purchasing power of people increased by leaps and bounds. Rural and Urban divide, gap between rich and poor India persists. With a view to uproot poverty and unemployment Prime Minister Sri Narendra Modi has given a call for “MAKE IN INDIA”. This involves making of things now being imported but can be made in India and making of products in India by Foreign companies and exporting for use in other countries in order to strengthen our country’s manufacturing sectors. The role of ICT and its contribution for achieving the goal of “MAKE IN INDIA” is briefly discussed here. Logo for Make In India The Logo for “MAKE IN INDIA” is designed with an Elegant Lion, inspired
Growth and Development Problem Set - IB Economics exam questions and answers.
Economic Growth and Development Problem Set 20 marks Complete the following questions using a word processor by Monday Feb. 28th. Remember to carefully REASEARCH your answers CAREFULLY, and provide examples and diagrams when possible. REMEMBER TO LOOK AT THE POINT VALUES! A COUPLE OF THE QUESTIONS ARE LONG QUESTIONS THAT YOU WOULD BE GIVEN 60 MINUTES TO ANSWER BY THE IB! Good Luck! . (a) Economic growth is a complex interaction of numerous factors, such as quality of governance, technological progress, population growth, physical capital, human capital, industrial structure, religious beliefs, geographic location, quality of land, stock market, inflation, etc. Economic growth is conventionally measured with the percentage of increase in Gross Domestic Product (GDP). According to statistics from OECD, the GDP annual growth rates between countries from 1998 to 2002 differ greatly. The top GDP growth rate of Ireland is 8.1% while the bottom GDP growth rate of Japan is only 0.2%. However, it does not mean that the greater rate is much better than the lower one because different countries have specific economic background and development speed. Considering the general trend in 21st century, the worldwide economic growth has slowed down than before, only about 2% on average. Most surprisingly it appears significant difference among countries. In 2003, the annual economic
Equal rights for women in labour market in Lithuania
Table of Contents Abstract.................................................................................................................2 Introduction.............................................................................................................3 Background: the development of labour market and women situation in Lithuania in 1990-2007.....................................................................................................................5 The Lithuanian gender policy: legal framework and institutional mechanism.......................................................................................................................................9 Analysis: the problems faced by women in Lithuanian labour market and their reasons.................................................................................................................12 The results of gender inequality in labour market in Lithuania................................................15 Example of the Northern countries: what could be learnt.......................................................17 Conclusion............................................................................................................19 Bibliography.........................................................................................................21 Abstract Gender equality is nowadays
What is the impact of the Notional Interest Tax Deduction system on investments in Belgium?
Extended Essay "What is the impact of the Notional Interest Tax Deduction system on investments in Belgium?" Word Count: 3985 words Table of Contents Title Page Number(s) . Abstract 3 2. Acknowledgements 4 3. Introduction 5 - 6 4. Benefits of the NITDS 7 - 11 5. The balance between Debt and Equity financing 12 - 14 6. Drawbacks of the NITDS 15 - 16 7. International Awareness 17 - 19 8. Changes encountered in statistics 20 - 21 9. Other reasons for investing in Belgium 22 - 23 0. Conclusion 24 - 25 10.1 Conclusion 10.2 New Questions 10.3 Limitations 1. Bibliography 26 2. Appendices 27 - 32 . Abstract My Extended Essay was based on the innovative tax system that had newly been launched in Belgium for companies to gain greater possibilities of making larger profits. With the recent recession looming over all financial markets and companies, I felt it was interesting to see what the effect of this tax regime, which benefits companies, would have on investments in Belgium. Since the tax system was first to be established in Belgium, by investigating the effect on investments, it would be easier to suggest to countries worldwide whether they should adopt the tax system in order to compete with the developing economies of Brazil, India, China and Russia (BRIC countries.) The
Economics Extended Essay - To what extent has the market for paintings in South Bombay been affected by the economic slowdown?
To what extent has the market for paintings in South Bombay been affected by the economic slowdown? Abstract: This extended essay investigates the effects the slowdown of the economy of India on the art market in South Bombay. After the economic slowdown hit India, people would be careful with their money. They would reduce demand for goods that are not necessary or have a higher price than they are worth. The art market had seen a surge in demand before the slowdown. Therefore paintings fulfilled both the conditions above. Out of approximately 25 art galleries in South Bombay I went to 10 that filled, out my questionnaire. The questionnaire was used to see the effect of slowdown on the art market in South Bombay The market for contemporary artists, which had seen escalating prices because of rampant speculation, saw the exit of speculators. These speculators had been ruthlessly speculating on the price of paintings, which made prices rise rapidly. Once the slowdown set in, the art funds that were investing decided to pull out as they felt that demand from the genuine collectors would reduce and so investing in the contemporary art would not yield profits anymore. Therefore the contemporary market witnessed a 64% drop in demand from January- October 2008 to October- June 2009. The market for master artists too witnessed a drop in demand of 59%. This can be attributed to
Old IB Questions
Problem Set 3 Theory of a Firm Part A: Short Answer . Using a suitable diagram, predict what is likely to happen to efficiency when a competitive industry is monopolized. Perfect competition is a market structure in which there is large number of firms in the industry. Each firm has no control over the price at which it sells its product because of the large number of firms; each firm's output is a very small fraction of the total output of the industry, so it cannot influence price. All firms in the industry sell an undifferentiated product; from the consumers' point of view it makes no difference from which firm they buy the product, as it is exactly the same in all firms; and there are no brand names. There are no barriers to entry into the industry; any firm that would like to enter the industry and begin producing and selling the good or service can do so freely. Lastly, there is perfect knowledge in perfect competition; thus all firms and all consumers have complete information regarding products, prices, resources and methods of production. This assumption ensures that no firm has access to information not available to all others that would allow it to produce at a lower cost compared to its competitors. Monopoly is a market structure in which there is a single firm in the industry. That firm has significant control over the price at which its product is sold in