In the article “The Great Housing Rebound of 2012,” Christopher Matthews discusses how there is hope for Americans in the housing market, and on how the Federal Reserve is the most important factor in increasing home prices. Matthews argues how unemployment plays a large role in the housing markets recovery, and how in order to have higher prices, buyers need to be able to make enough money to afford the house. Unemployment needs to decrease in order for America to truly be a strong economic force in today’s world. When the housing market is back to its peak, other industries will benefit greatly. For example when the market for houses increases, so does the market for furniture because these are complementary goods. As a result of this the economy will grow, and add jobs to those specific fields of work. Matthew states, “Rising home prices allow lenders to be more generous with home financing, which allows even more prospective home buyers to access the market, further driving up home prices.” This is true because when more people are able to afford houses due to more generous loans, the market increases. When the market increases there is more competition between sellers. When more buyers enter the market, the room for economic growth increases. This gives investors an incentive to go out and spend money, which also helps improve the economy. A major concern in raising home prices is the unemployment rate, and the fact that people do not take home as much money as
Exploiting the vulnerable 5
Exploiting the Vulnerable.
The fast food industry sees children as a future as well as current market and hence brand loyalty at a young age helps in the quest of continued sales later. $15-17 billion is spent by companies advertising to children in the US. Over $4 billion was spent in 2009 by the fast food industry alone. Children are naïve about advertising and are easily controlled and exploited by the…
The Decision of a Lifetime
When you are about to graduate high school, you have to start making decisions that matter. You have to be mature and rational in your decision making. Especially when it comes to one of the most important decisions in your young adult life, where to go to college. For some the answer is easy, such as going to your parent’s alma mater or the school that offered you a scholarship. On the other hand, you have people that…
BANKWEST CURTIN ECONOMICS CENTRE
WORKING PAPER SERIES
13/9: A ZERO INFLATED REGRESSION MODEL FOR
Sarah Brown, Alan Duncan, Mark Harris,
Jennifer Roberts and Karl Taylor
This paper was written by researchers affiliated with the Bankwest Curtin Economics Centre (‘the Centre’). While every
effort has been made to ensure the accuracy of this document, the uncertain nature of economic data, forecasting and
analysis means that the Centre, Curtin…
hydrogen atoms polarly and covalently bonded with a single oxygen atom in the liquid form. Homogeneous goods, such as water, are perceived as identical to the consumers’ eyes. Essentially, they are the same in size, taste, quality, and value. In this paper, I will be discussing another commodity and how it is perceived in the market as a homogeneous good. I will be discussing white rice and the implications of the economics of rice as a homogeneous good.
The good that each firm produces is identical…
The RV industry has been around for a very long time. Americans, it seems, have been destined to be RVers since the earliest days that explorers set foot on this continent. Adventurers at heart, settlers came in search of freedom and opportunities to grow and discover. And discover they did, first by ship, then by horse, in groups by Conestoga wagon trains and ultimately, by motorized vehicles that ushered in the RVs of today (Gorving.com). A century ago, the popularization of the automobile…
30 November 2012
How the Past Decided Our Future
Our economic world is one constantly moving cycle of cash, products, and services. The way our system works is different than any other system out there. It is made of made up of many thoughts and ideas and people have tried to perfect it over the years. When it comes to thought of economics and how money changes hands and how to make sure that money retains the value it is supposed to have there are so many different…
Econ 201 301 Macroeconomics Final Report
Even though a lot of people seem to be talking about how bad our economy is and how bad things like the unemployment reals and Real GDP are, the economic situation is appearing to be looking up overall. For example, take a look at the growth in Real GDP.
According to The U.S. Bureau of Economic Analysis, the Growth in Real GDP in 2014 went up 3.5 percent and 4.6 percent, respectively. These numbers are positive and show…
Therefore, this paper introduces the concept
of VOI in a non-theoretical way and provides a systematic
and critical review of the evolving methods and applications of VOI in academia and practice.
2 VOI Analysis
To the extent that decision making between alternative…
that have altered the concept of flying. Are these changes positive? This paper will provide a brief history of Southwest Airlines, including its production function, risk, uncertainty, and the impact that government regulations have made domestically and abroad. It will also investigate pricing trends, new products/services, profitability, the competitive market, and non-price competition. The final analysis of this paper will describe specific recommendations regarding changes and improvements…
Fiscal Cliff Negotiations Delayed
The United States Budget Control Act of 2011 set to take effect midnight Dec.31th. If the Budget Control Act takes affect the economy would be impacted dramatically. Taxes are going to be raised and federal spending will be cut, this would reduce the deficit by an estimated $560 billion. With the higher taxes and less federal spending the gross domestic product is predicted to fall by four percent, therefore sending us…