CiteScore: 2.9 ℹ CiteScore: 2019: 2.9 CiteScore measures the average citations received per peer-reviewed document published in this title. behavior. The economic model should make no mention of data, regression analysis, or statistical tests. Finance activity or Finance transaction improved by this technology. The analysis aims to determine how effectively the economy or something within it is operating. It is a technology that innovates financial technology or methods in the delivery of financial services. (2016, 9 23). All of this makes the market for star players high when compared to their supply, this makes it difficult to obtain the services star players at the same rate as that given to the ordinary players. hypotheses. This led to a small supply hired as Q2 and the wage rate to be as high as W2. From the economic theory, it should be noted that star players are in high demand when compared to the ordinary players due to their ability to enhance superior team performance which attracts high levels of attendance, hence higher revenue streams. World has seen an upsurge in technology startups and new businesses working on new platform called financial technology (Fintech) for…, Introduction Financial services also known as Fintech. Whereby, marginal revenue product (MRP) is the extra income a given team will realize as a result of acquiring a new player. II, “Researching Economic Topics,” tries to explain the scholarly and analytical approach behind economics papers. The economic model can be used to model this relationship. In marginal analysis, one examines the consequences of adding to or subtracting from the current state of affairs. According to this function, the output is a function of inputs. For example, an economic analysis of a company focuses mainly on … Just think about the record industry which has been completely wiped out by online streaming, or about street fashion shops which have been…, Abstract Post 2008 global recession, financial institutions around the world has gone through enormous change by including financial technology in their products and service offering. In constructing enterprise budgets, it does not take too much more effort to include estimates of labor and energy use. To compensate them for their excellent performance, star players are often accorded a salary premium. Creating a good overview will help you write a critical analysis essay fast and be consistent with your message. (2016, Apr 14). Contrary to star players, the supply of ordinary players is very high when compared to the demand, hence from the graph it can be noted that the equilibrium wage rate is very low whereas the equilibrium quantity is very large as shown by Q1 and W1 in the chart. In this context, the role of traditional…, It was not the downturn within the commerce cycle, exchange protectionism, or the 1929 stock market crash that dove the nation to misery. It emphasizes the usage of…. In this situation, the hiring teams in the NBA league will aim at maximizing profit, whereby new acquisitions will not be made until the point where the marginal product of every player acquired, is equal to the marginal cost, which is in turn equal to the price of the player. Where; supply Creating a Critical Analysis Essay Outline. The incentives of just any regular person are greatly shown because money or personal gain can take over any man or woman no matter how old. If you fit this description, you can use our free essay samples to generate ideas, get inspired and figure out a title or outline for your paper. Use promo "samples20" and get a custom paper on "Economic Analysis" with 20% discount! Retrieved from http://stats.nba.com/. From essays to dissertations, we offer paper writing services of exquisite quality, in line with college and university standards. So, in this case, the output will be in the form of wins but not products (Deshpande & Jensen, 2016). The first step to writing an economic analysis is choosing an economic theory to apply to a real world situation. For example, if you're looking at the outcomes of "what if I buy the competition? Economic and Political Profits of American Imperialism, Fintech, Its Impact Across the Globe and Its Future in Bangladesh, Analysis of Challenges and Prospects of Fintech, The World Inside Financial Markets and Fintech, and Its Overall Impact, Reading Reflection on the Book Freakonomics, Reflective Essay on the Book Freakonomics, Review of Freakonomics by Steven D. Levitt and Stephen J. Dubner, Reading Response to Freakonomics by Steven D. Levitt and Stephen J. Dubner, Analysis of How the Rise of Fintech Herald Traditional Banking, The Impact of the Wall Street Crash of 1929 on the Us Economy, A Report on the Wall Street Crash of 1929, Critical Analysis of Freakonomics by Dubner and Levitt, The Challenges and Disadvantages of Fintech Revolution, Analysis of the Negative Outcomes of Industrialization. It is clear that as a result of the industrial expansion…, Abstract The evolution of internet has disrupted or even shattered some of the conventional industries throughout the 90’s and the 21st century. Title: ECONOMIC ANALYSIS 1. In fact, in an efficient market, likely the only way to outperform market averages is to forecast the future better than the consensus. Costly because of the funding provided by the government, recent layoffs; which has a hand in rising inflation, dealing with negative externalities and high security risks; necessary because the ease and speed of air travel is needed to keep countries productive and competitive. Example of a student's essay and lecturer’s feedback. Retrieved Jan, N. (2017, February 19). Copyright © 2013- 2021 - MyPaperWriter.com, Impact of Mexican Shoppers on Arizona’s Economy, Competing Interests of the Dakota Pipeline, Increasing Government Spending to Fight Recessions. By continuing we’ll assume you board with our cookie policy. So, the new function will be; Apply the analytical skills and intuition obtained in your economics courses to examine an economic issue in which you have a special interest; and 2. As illustrated below. In 2007 their growth rate was 2.7% (Japan, 2010). In a few of…, Financial technology, or “FinTech,” refers to the use of technology to facilitate financial services. The analysis is fairly straightforward, and could be done with minimal help from an economist. The economic risk and returns paper includes a rudimentary risk analysis by lo… At equilibrium point, the various teams which operate in the NBA league are assumed to pay an equal amount to their players, since at this stage the supply of players is equal to the demand of players (Metcalfe, 2013). ... For example: If the thesis of an analytical essay is centred around the evolution of Good Will Hunting, ... Economics Essay Writing. NBA teams can still pack in the fans, even if they don’t win. MRPP – is the marginal revenue product of a given player p Across all sectors, technology has improved the speed and accuracy in manufacturing and rendering services to end users. What kind of name is that for an entrepreneurship book? Fintech has been growing rapidly since PayPal was first recognized. For example, if your topic sentence stated, "The essay is effective because of the tone, word choice, and effective examples used by the author," your following sentences would explain and give examples from the essay that prove that point. To determine the value of a player, the MRP can be amended so as to ensure the product is quantified in the form of wins. This Free Economics Essay Samples. 2021 © gradesfixer.com. It shows how to communicate econometric work in written form. Economic analysis is the study of economic systems. This is a sample research paper for an introductory course in econometrics. There was an influx of people who hoped to benefit from this fortune which affected the economic, social and political development in California…. It may also be a study of a production process or an industry. Yes! This is based on the fact that any profit-maximizing team in any sporting activity is always a winning team. Enterprisel.pdf 2. Read essays samples written by our professional writers and feel free to use them as a source of inspiration and ideas for your own academic work. Consider, for example, an employer's decision to hire a new worker. Order Now. Read the following example of a student’s essay. These increases the demand for tickets hence increased revenue from the sale of tickets (Zillgitt, 2016). Two basic approaches to security analysis Today, the USA is…, OverviewIncreasing government spending to fight recessions occurs through the fiscal policy. Unfortunately, this was the last…, In the book Freakonomics by Steven D. Levitt and Stephen J. Dubner, the most erratic combinations of topics are discussed. Cost Concepts Used for Accounting Purposes Two examples using enterprise budgeting are included: 1. If you are studying economics, or a related field, you will have to write about these issues in great detail. As a very rich nation in the world Japan records a high income per capita. Learn how to write a formal report. From the curve, it can be deduced that output, the victory of loss of a game and ultimately the gain or lack of attendance, is determined by the input, or the performance of the individual NBA teams such as Miami Heat or the Los Angeles Lakers and the acquisition of star players. Use these outstanding college essay examples to learn how to write your personal statement and supplemental essays for college applications. However, be noted that star players, unlike the ordinary players, make a much greater contribution in ensuring any given team participating in the NBA league wins the league. From the intersection of the supply and demand curves, it is noted that players are ready to offer their services at higher wages whereas teams are willing to request the services of players at low wages hence the pay rate is determined by the intersection of the two curves showing agreement. H. Gabriel Dagan Assistant Director for Accounting and Financial Analysis Mary W. Sullivan is an economist in the Consumer Protection division of the Bureau of Economics of the Federal Trade Commission. Microeconomics is an area of economic science that is … Readers interested in learning about economic analysis of a topic or issue as well as students developing research papers will find sample research papers on various economic topics. It includes variety of services such as money transfer, depositing a check…, “The science of today is the technology of tomorrow” Technology has consistently proven to be a powerful tool for mankind. In Figure 2, the supply and demand for star basketball players in the NBA league has been plotted on the same axis with the supply and demand of ordinary basketball players people attend games of this players. Free essay sample on Economic Analysis Paper. Most empirical papers also have a literature survey that outlines the contributions of previous empirical research and may include some economic theory. The third part, “Genres of Economics Writing,” briefly surveys some of the kinds of papers and essays economists write. And economists seeking to learn about extensions of analysis into new areas or about new approaches will benefit from research papers on cutting-edge topics. With education being one of the top social priorities to compete for scarce resources, economic analysis on returns of education, the optimal allocation of education resources, and evaluation of education policies has become increasingly important. NBA sets attendance records for the 2015-16 season. CiteScore values are based on citation counts in a range of four years (e.g. Traditional financial institutions are currently transforming into a new era of innovation, which brings in technology into the new field of financial services (Fintech). It involves a detailed assessment plan of a complex subject and break it down into smaller and simpler ideas in order to present its true meaning or essence. Levitt…, In the book Freakonomics, composed by financial expert Steven D. Levitt and journalist Stephen J. Dubner, the authors experienced various pieces of present day life to demonstrate how economics clarifies why people act in a manner just as the way explicit results happen. It is in the fourth part, “Writing Economics,” that the manual homes in on discipline-specific writing. Also have a clear understanding of economics in order a production curve, whereby the output obtained a of! 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