...Experts have experience at interpreting numbers and drafting predictions as to how the market will be affected in terms of consumer price indexes, gross domestic products, unemployment rates, and the price of raw materials. Keywords: Economic indicators, consumer price index, gross domestic product, unemployment. Indicator 1: Employment Statistics. Definition: It provides information on national employment, unemployment, wages and earnings data across all non-agriculture industries, including civilian government workers (H., 1924). Data: Data.bls.gov. (2014). Labor Force Statistics from the Current Population Survey. Retrieved from the Bureau of Labor Statistics Page: http://data.bls.gov/pdq/SurveyOutputServlet?request_action=wh&graph_name=LN_cpsbref3 Interpretation: As demonstrated in the graph above, the unemployment rate rose drastically between 2008 and 2010, and it continued to decrease consistently thereafter. Evidently, the graph also shows the effect of the great recession in terms of unemployment. The great recession started when a housing bubble burst and people were unable to pay securities. As a consequence, many financial institutions, that had given credit to people who where then unable to meet their payments, were forced to file for bankruptcy dragging the market into a recession. The economy was affected with many companies being forced to foreclose, which in turn led to the rise of unemployment. Indicator 2: Money Supply Definition:...
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...Group Assignment – Macro-Economics | Assignment Cover Sheet Details | Name(s) | Saumil PabariSurbhi SardanaSonali Rawal | Roll No.(s) | GDEC12IBWM062GDEC12IBWM065GDEC12CMM30 | Email Address(s) | saumil.gdec12@spjain.orgsurbhi.gdec12@spjain.org sonali.gdec12@spjain.org | Course | MacroEconomics | Faculty | Prof. Dave Barrows | Assignment | Group Assignment | Due Date | 26 March 2013 | Date Submitted | 26 March 2013 | Submitted by | Surbhi Sardana | | | Executive Summary Brazil is the 5th largest country in the world, with an area of 8.515 km2, and a population of over 200 million. Brazil is a country with large natural resources and a large labor pool. It has managed to exploit these to become South America's leading economic power and regional leader, and one of the first in the area to begin an economic recovery. Highly unequal income distribution and crime remain pressing problems. Over 25% of population is still below the poverty limit. Brazil has its work cut out for itself where it has to be all set to host both the 2014 World Soccer Cup and the 2016 Olympic Games (Focus2move website). We begin this report by providing a summary of the economic activities taking place in Brazil that are likely to affect the future. Then, the report is divided into three parts; the first highlighting the macro-economic factors that will help forecast the future demand for passenger automobiles in the local market, the second highlighting the macro-economic factors...
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...Name of Product Excellence Noir 70% Brand Lindt Country of Origin Switzerland Product Specifications 100g Product form Solid Export from Switzerland Export to Japan Group member: Cho Ki YIU Duy Manh Quyen NGUYEN PRO FORMA INVOICE Lindt&Sprungli AG Purchasing Department Seestrasse 204 8820 Kilchberg Sold to: Nissil Foods Holding Co., Ltd Mr. Aiwa, Purchasing Director 28-1, Shinjuku Rokuchome, Shinjuku, Tokyo, Japan 30/11/2013 |Description |Customs Code |Quantity |Unit Price |Amount | |100 dark chocolate bars, 100 grams, |180613 |50 cartons |1200 EUR |60 000 EUR | |solid in one carton | | | | | |Total amount FCA Kilchberg, ICC...
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...How Do Certain Economic Factors Affect Stock Prices? Introduction For our analysis, we chose to examine how different economic factors such as GDP, CPI, and unemployment affect stock prices. More specifically, we analyzed how these economic factors affected the stock prices of three different companies during the period from 2000-2009. The three companies that we chose were Exxon Mobil, Tiffany & Co, and Southwest Airlines. We chose those particular companies because each one offers products or services that represent a different degree on the price elasticity of demand spectrum. Exxon Mobil represents a company that offers a good which is inelastic. This means that no matter what economic conditions are present in the market, the quantity demand for this product is going to stay constant since consumers feel they cannot live without it. On the other hand, Tiffany & Co. represents a company that sells products which are elastic. This means that consumers will choose to buy their products depending on the conditions present in the market. Southwest Airlines represents a company that offers a service which can be viewed as both inelastic and elastic depending on the type of travel being studied. For business travelers who are required to fly for their jobs, the service that Southwest Airlines provides is inelastic since they generally have no choice in whether they fly or not. On the other hand, there are travelers who view flights...
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...The Baldwin-Wallace College Journal of Research and Creative Studies, Fall 2007, 1(1):12-24 Performance of the South Korean Automobile Industry in the Domestic and United States Markets Robert R. Ebert1 and Mariel Montoney2 1 2 Department of Economics, Baldwin-Wallace College, 275 Eastland Rd., Berea, OH 44017; Economics Program, Baldwin-Wallace College, 275 Eastland Rd., Berea, OH 44017 The South Korean automobile industry has undergone considerable growth since its inception in the 1960s. That growth was initially driven by domestic demand. Since the Asian financial crisis of 1997, however, production increases for the South Korean automobile industry have been primarily a function of export sales. The research presented here explores changes in the structure of demand in its two principal marketsdomestic South Korean market and the United States market. Two models of demand are developed- one for each of the markets. Several macro economic variables are identified that have a statistically significant relationship with the demand for automobiles in each of the markets. An interesting finding of the research is that the factors apparently driving demand are different in the two markets suggesting the structure of automobile demand in South Korea differs significantly from the demand for that country’s vehicles in the United States. A major challenge facing the South Korean automobile industry is how to utilize its capacity when confronted with...
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...Property Crime Determinants Executive Summary There are three primary determinants that effect property crime, which are the high school dropout rate, the population density, and the percentage of people who reside in an urban area. It was found that other factors such as unemployment, public aid , and income do not significantly contribute towards the level of property crime and are actually some of the misconceptions involving crime in the United States. Introduction Perception is the way that a situation may be viewed by an individual or group through "an awareness or understanding of" that situation (Merriam-Webster online, 2010). This understanding may not always be correct. A person's understanding may be clouded by various things that actually cause a misunderstanding of the situation: such as personal factors that create a bias, incorrect or skewed data, information provided by the media, and so on. Property crime is one of these situations where perception may not always be reality. The purpose of this research is to study data that has to do with several factors that may or may not effect property crime rates in the United States. I seek to answer several questions regarding property crime rates in the United States: what are the primary determinants of property crime in the United States, what would I like to know about property crime rates that cannot be answered by the provided data, and how does population density effect property crime rates and is this...
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...whether you are making or losing money. In addition, determine the trend of your business. For example, determine whether, over time, you are making more or less profit (or loss). Track the share of the market that your business holds, and how this changes over time. Evaluate all these factors for each product type, even each model, in your company's line. The statistics to use here are simple line and bar graphs of data. These data can alert you to where you need to change aspects of your business, and how quickly you have to make that change. Furthermore, statistics are an excellent way to determine how you should allocate your resources to increase sales. Sales in a given market are a result of a number of factors, such as pricing, the size of the sales force, and the type and number of advertisements placed. However, these factors will not be equally important for every product. You would use multiple regressions to determine which of these factors are most important, and how much changing your asset allocation (for example, the size of the sales force) will change sales. 2. Statistics: The science of collecting, organizing, and analyzing data. Descriptive Statistics - Finding The Skew 16,15,18,118 [pic] [pic] [pic] [pic] [pic] Median=15,16,18,118 [pic] [pic] Median=17 Since the mean is greater than the median, the data set is “negatively skewed.” 3. Statistics is quite important in business decision making, because the collection...
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...Slovakia country risk analysis Seminar Paper Submitted at Lauder Business School, Vienna in Corporate Risk Management by David GRÜNFELD KRÁLIK Eva PÓSA Valentine TARELKO * Submitted on: 26.04.2014 Table of contents 1. Introduction 5 2. Political Risk 6 2.1. Government stability 6 2.2. Corruption 7 2.3. Socioeconomic conditions 8 2.4. Internal and External Conflict 10 2.5. Investment Profile 11 2.6. Military in politics 14 2.7. Religious tensions 15 2.8. Law and Order 15 2.9. Democratic Accountability 15 2.10. Bureaucracy quality 16 3. Current Economic Situation in Slovakia 17 3.1. Slovakian Economic Outlook 18 3.2. Outlook Economic Risk Evaluation for the Slovak Republic, Eurozone and the EU 19 3.3. Components of the Economic Risk Analysis 20 3.3.1. GDP Growth Rate 20 3.3.2. Government Budget 21 3.3.3. Current Account to GDP 22 3.3.4. Inflation Rate 22 4. Financial Risk Assessment 24 4.1. Foreign Debt as a Percentage of GDP 24 4.2. Foreign Debt Service as a Percentage of Exports of Goods and Services 24 4.3. Current Account as a Percentage of Exports of Goods and Services 25 4.4. Foreign Debt as a Percentage of GDP 25 4.5. Exchange Rate Stability 26 5. Conclusion 27 6. List of references 28 7. Appendix 30 Methodology: Country risk is a composite concept that relates not only to political risk but also to financial and economic risk. Specifically, this paper aims to assess...
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...THE IMPACT OF UNEMPLOYMENT ON ECONOMIC GROWTH IN NIGERIA (1970-2010) BY DUROSINMI TEMIDAYO.O EC/2008/622 DEPARTMENT OF ECONOMICS FACULTY OF MANAGEMENT AND SOCIAL SCIENCE CARITAS UNIVERSITY, AMORJI-NIKE ENUGU STATE AUGUST, 2012. i TITLEPAGE THE IMPACT OF UNEMPLOYMENT ON ECONOMIC GROWTH IN NIGERIA A PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF BACHELOR IN SCIENCE (B.SC) DEGREE IN ECONOMICS BY DUROSINMI TEMIDAYO.O EC/2008/622 DEPARTMENT OF ECONOMICS FACULTY OF MANAGEMENT AND SOCIAL SCIENCE CARITAS UNIVERSITY, AMORJI-NIKE ENUGU STATE AUGUST, 2012. ii APPROVAL PAGE I certify that this research work was carried out by DurosinmiTemidayo .O. Reg .No. EC/2008/622, of the Department of economics, Faculty of Management and social sciences; Caritas University Amorji-Nike Emene Enugu State. --------------------------------Projectsupervisor ---------------------------------Date -------------------------------ONWUDINJO,P.C Head of Department --------------------------------Date -------------------------------PROF.CHARLES Dean of Faculty UMEH ----------------------------------Date --------------------------------External Examiner --------------------------------Date iii DEDICATION I dedicate this work to God Almighty, to my loving parents BARR and MRS O.A DUROSINMI for all their support thought out the pursuit of my academic careers. I also extend my dedication to my Uncle Engr. T,A DUROSINMI for his fatherly support, and to my siblings. I love...
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...are broader than others, some focus on specific industries. It is important to look at variety factors to assess the overall health of the economy. I have analyzed ten different factors in order to as gauge the current state of the United States economy. The consumer price index measures the average change in the prices paid by urban consumers for all goods and services purchased for consumption by urban households. The CPI lets us compare what a certain group of goods and services cost the average consumer this month compared to last month or any other past month. It reports price changes in over 200 categories, weighted by their importance, arranged into eight major groups. The CPI also includes several everyday fees such as vehicle registration, utilities, and sales taxes. This provides us with a real outlook on how inflation is affecting the majority of consumer’s cost of living, by looking at how the prices of their most used items are increasing. We can use these monthly snapshots observe long-term inflation trends. Financial markets are very sensitive to unexpected changes in this index, as they indicate the consumer’s ability to spend. Moody’s will refer to core CPI frequently, core CPI refers to the consumer price index less food and energy. The core CPI gives a look at the less-volatile aspects of the index so that we can have steadier readings of all goods and services without the two most sporadic contributors. The CPI is currently the highest it has ever been at...
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...labor fuel consumer spending, and the output of labor is essential for companies. Likewise, unemployed workers represent wasted potential production within an economy. Consequently, unemployment is a significant concern within macroeconomics. The term unemployment refers to the general condition in which resources are willing and able to produce goods and services but are not engaged in any productive activities. Moreover, it arises when GNP declines over a long period of time and when businesses reduce their output. Cutbacks in production inevitably mean that industries will use less labor and materials. Consequently, some workers will lose their jobs and those seeking new jobs will have a difficulty finding employment. Increased unemployment is a major consequence of cyclical declines in real GNP during the periods of recession. Workers in industries usually are laid off especially those who are engaged in the production of producer durable and consumer goods because investment purchased by business and purchases of durable goods by consumer declines during the period of recessions. While unemployment is most commonly thought of in terms of labor, any of the other production factors such as capital, land and entrepreneurship can be unemployed. The analysis of unemployment especially labor unemployment, goes hand-in-hand with the study of macroeconomics. The most noted and widely used measure of unemployment is the unemployment rate of labor. To measure the unemployment rate, it...
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...limitations of forecasting 3. Forecast types 1. Meaning of forecasting Forecast is a likely, scientifically well-grounded opinion about the possible state of the events, objects or processes in the future. Forecasting is a process of making statements about events whose actual outcomes (typically) have not yet been observed. Forecasting is a process of predicting or estimating the future based on past and present data. Economic Forecasting is a process of making forecasts based on analysis of past trends and regularities of the economic processes. Economic forecasts can be carried out at a high level of aggregation – for example for GDP, inflation, unemployment or the fiscal deficit – or at a more disaggregated level, for specific sectors of the economy or even specific companies. Economic forecasting provides information about the potential future events and their consequences for the organization. It may not reduce the complications and uncertainty of the future. However, it increases the confidence of the management to make important decisions. Economic forecasting includes the following steps: 1. Identifying items to be forecast. The items of socio-economic forecasting are the economic processes (for example, inflation, demand, supply), any indicator describing the company activity (for example, price, profit, income, costs), any indicator describing the national economics (for example, gross domestic product, national income, export, import, external debt), any indicator...
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...Methodology………………………………………………………………………………………………………………………….15 Research philoshophy…………………………………………………………………………16 Research Design…………………………………………………………………………………………………………………………………18 Data Collection…………………………………………………………………………………………………………………………………..22 Data Analysis…………………………………………………………………………………………………………………………………….28 literature review……………………………………………………………………………………………………………………………………36 References ……………………………………………………………………………………………………………………………………………42 Dissertation Title “To study the impact of oil price shocks on the macroeconomic performance of China” 1. Introduction Higher oil prices might affect the global economy through a variety of channels, including transfer of wealth from oil consumers to oil producers, a rise in the cost of production of goods and services, and impact on inflation, consumer confidence, and financial markets. In a pioneer work, Hamilton (1983) indicated that higher oil prices were responsible for almost all U.S recessions after World War II. Later other researchers extended Hamilton’s basic findings using alternative data and estimation procedures (such as Burbidge and Harrison, 1984; Gasser and Goodwin, 1986). Most of research on the mechanisms of oil price shocks has focused on either products or labor markets. However, analysis on real locative role effects of oil value shocks in capital markets has lagged behind. As Jones, Leidy and Paik...
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... | |Marketing |BUT if the company finds out what a customer wants or needs, and then develops the product or | | |service to match (including the way it is priced, packaged, distributed or delivered and its | | |benefits communicated), this is marketing. | | | | |Advertising |Mass media presentation and promotion of the benefits to consumers if they adopt the ideas, or | | |purchase the goods or services of a specific sponsor. | | |...
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...British Pound (GBP) Executive Summary A nation’s currency can be affected in many ways including economic, political, social and cultural events related to particular country. The exchange rate will move positively or negatively dependent on how adversely each of these factors cause change to the currency’s spot rate. Throughout our evaluation of the Great British Pound, we were able to track and measure how each of the factors caused change in the currency’s value. Over the past four months we have seen a significant decrease in the value of the British Pound. As will be explained in this paper, many different factors caused downward pressure to be placed on the currency. Expected changes in the political structure of Britain causes some to feel unwavering about the future, especially when the current monetary and fiscal policies are not resulting in a positive outlook for the economy and especially the vale of the currency. Supply and demand for the currency will change as the currency appreciates and depreciates due to the country’s varying stages of surplus’ and deficits. These and other economic forces will be developed throughout the paper to analyze and interpret how the British Pound has changed over the first couple of months in 2013. Historical The pound sterling, commonly known as the pound (GBP), is the official currency of the United Kingdom. It is the oldest currency still in use as it was created in the Anglo-Saxon period where it was equivalent...
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