S/E/173. Explain the consequences of a decrease in the probability of detection in the Shapiro-Stiglitz model

The paper examines the efficiency wage model of Shapiro-Stiglitz (S-S) looking at unemployment as a 'worker discipline device'. Statistical analysis is conducted to evaluate the effects associated with a decrease in the probability of detection.

C/E/146. The Keynesian Cross model, application to UK economy

The following research paper is devoted to application of Keynesian Cross model to UK economy. The main focus of the paper is analysis of expansion of consumer credit in UK and it’s effect on GDP growth rates. The first part of the research gives a thorough overview of the Keynesian Cross model its theoretical assumptions and implications. The second part is focused on the discussion of current macroeconomic situation in UK.

P/E/295. National competitiveness: theory and examples

The paper examines the concept of national competitiveness discussing Michael Porters theory of competitive advantage in the context of other academic views. Segments of industry in various countries are compared including utilization of steel capacity, cotton textile industry, etc.

E/B/30. Impacts of tsunami on economies and businesses

The paper reports on the economic impacts of the tsunami of December 26, 2004. On the basis of a literature review the study examines the businesses outside and within the affected regions. The economies of the affected countries are compared; evaluation of the information sources is performed.

P/E/291. Setting up subsidiaries in foreign countries: motivations and risks

The paper examines the impacts of macroeconomic factors on the performance of multinational companies assessing the risks of making investments in foreign countries. International business environment is described focusing on the advantages of trade between countries and highlighting political, economic and firm specific risks of foreign direct investment (FID). A case study of the Greek Telecommunication Company (OTE) is presented analysing the performance of their subsidiary in Romania.

P/E/287. Government policy beneficiaries: private vs. public

The paper discusses public activities, such as lobbying, that do not create any economic value for the public, but only for private beneficiaries. The incentives to consider the needs of society for policymakers are discussed in the context of the Pareto-efficiency theory highlighting constraints in its implementation.

P/E/264. Macroeconomic policies and exchange rate volatility

The paper reviews theories related to volatile nominal exchange rates analysing their interrelation with macroeconomic policies. Reasons behind floating regimes are discussed; the threats of highly mobile capital for economic stability are outlined.

C/E/81. Micro financial institutions and sustainable development

This work answers a list of questions with regards to sustainable development, the role and benefits of micro financial institutions and the advantages for businesses to maintain environment.

P/E/233. Driving forces in economic development

The paper examines the role of education and technology in the economic development of a country pointing out that people is the basic resource of wealth rooted in a nation, brainpower being the key to competitiveness and productivity. The contribution of education in technological advances is acknowledged; the concept of appropriate technology scheme is discussed; the role of transnational corporations (TNC) is highlighted.

P/E/220. Welfare schemes in Britain

The paper looks at the UK welfare problems focusing on the in-work transfer schemes providing financial assistance to individuals. A review of UK in-work benefits over the past 30 years is presented. The effect of the Working Families Tax Credits (WFTC) scheme on the labour supply in the UK economy is discussed.

C/E/77. Is every economy converging towards Anglo-Saxon Model?

Two models are analysed in detail: the Anglo-Saxon model (UK, USA) and Rhineland model (Germany, Japan). The historical economic performance of both models has been very strong, however is convergence inevitable? This work concludes that convergence will be inevitable in the long run, while outlining argument for both: the convergence and divergence.

P/E/185. Transactions costs and property rights: theory and practice

The paper considers the economic benefits of low transactions costs and well-defined property rights drawing on the theories of new institutional economics and their practical applications in various countries (Malawi, Peru, Brazil, Ghana, Kenya etc.). The evidence suggests that in spite of the theoretical arguments that property rights and transactions costs play a positive role in economic development, there are few real world examples to support this statement.

P/E/149. East European Communist Reform of the 1960's

The paper analyses what kinds of strategies for political and economic reform East European communist regimes introduced in the 1960's and discusses the success of each reform.

C/E/44. What are the economic implications of the UK Chancellor's (finance minister) budget statement for the UK economy?

This paper analyses what are the economic implications of the UK Chancellor's (finance minister) budget statement for the UK economy.

C/E/43. Explain the relationship between the internal balance and the external balance in the UK economy.

This paper aims to explain the relationship between the internal balance and the external balance in the UK economy.

S/E/32. Critically evaluate the Grossman Model of the demand for health.

This essay critically evaluates what is the most famous model in the Health Economics field - The Grossman Model of the Demand for Health. The model is outlined, Wagstaff's (1986) indifference curve analysis is presented, and its assumptions and predictions are stated thereafter. With the majority of empirical evidence refuting the model, this piece then goes on to explain exactly why this is the case. A case is developed saying the assumptions upon which the model rests are far too simplistic to have much relevance to the real world. However, the essay then attempts to develop a defence of the huge level of criticism the model has received in the thirty years since its initial publication.

P/E/125. Levels of Welfare among Regions

The paper identifies the major factors contributing to the divergence and the convergence of levels of welfare among regions and discusses the possibility that these factors may co-exist over the long run.

P/E/78. Examine the major areas of disagreement between Keynesians and monetarists. Comment briefly on the view that their disagreements are as much a matter of ideology as of economics

P/E/69. The Performance of the Economy

The paper aims to answer on the following questions: Why is it difficult to measure the performance of the economy? Refer in your answer to various indicators of economic performance. Why are accurate measures of performance important to policy makers?

P/E/31. Choose any one country, assess its current macroeconomic position and discuss what policy options might be adopted, or have been adopted, by the monetary and fiscal writerities in order to correct any inflation, unemployment or growth problems that exist

The country which was studied is Japan.

P/E/10. Analyse how central banks can influence the economy - basic transmission mechanism

Conclusion To conclude central banks through monetary policy are able to influence the economic activities in their respective countries which have an impact on the overall present and future economic output

P/E/20. Explore the costs and benefits of FDI in low income countries

Conclusion In conclusion FDI is a very important to world development and further growth. It is probably the most important way that technology is transferred to LDCs, it also leads to a higher productivity amongst the workforce in the locally owned firms (witnessed usually in the manufacturing industry). It is true that there are some concerns about FDI but in this global economy LDCs needs FDI just as much as the MNE needs to invest in LDCs. Any potential concerns can be put aside as the benefits are much greater than the costs, as we have seen.

C/E/21. Multiplier-Accelerator. What is the multiplier and what factors determine its size?

P/E/39. What is meant by Economists "talk of changes in supply and demand" and how do these changes affect the price of a commodity?

P/E/53. Consumption Theory

The coursework develops a model of the UK aggregate consumption basing on the test of the income/rational expectations hypothesis following Hall's approach (1978).

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