A Final Project The Economic Framework, Macroeconimics - 2750 Words

A Final Project: The Economic Framework, Macroeconimics (Term Paper Sample) Content: Firstname LastnameInstructors NameCourse NumberDateFinal ProjectThe economic framework of a state or a nation is an area of much focus by the economists in particularly, but generally but also for all stakeholders of a country. Macroeconomics, which is the term that related to the economics of state, examines how the economic systems, fiscal systems, and the trade policies, unemployment status among other issues that help in shedding the light to the economy of a country. The Chinese and Russian economies reflect a wide range of similarities as well as a lot of differences that attract observations. The different reforms as well undertaken by the two states indicate that these two states are big economic powerhouses. Moreover, according to studies done in the recent years, these states are among the mighty and great in economic terms economic bases that have undergone a lot of reforms (REZA). The two different countries have differing economic systems applying to them and their nominal GDP, are almost at the same level. In business trade, the two countries are indicating a passionate emergence thus are increasing their edge in the economies of the world. The reforms they are putting in place are making them become the most prosperous in the economic circles. The different long term goals and short goals as well are reflective of the different economic conceptions (Enkhtur et al). Key among the differences in the two economies is the fact that the two states have been able to transform their economies into becoming market economies, rather than having a planned economy. In this case, Chinese and Russian economy are now dependent on market trends to conceive and achieve economic milestones, rather than economy being legislated or directly under governmental control. Having been socialist economies before, where the economy is controlled to favor the masses, the two countries have transformed to a situation where the market forces determine the be havior of the economy. The difference in the manner in which the economic system has changed from a planned economy to a market economy portrays china as maintaining its socialist state even as it changes from the planned to market economy (Enkhtur et al). However, the Russian transformation is both in the sense that it has changed to a market-controlled economy and at the same time changing in policies from being socialist to being capitalist. Russian means of transformation from the planned economy is also observed to take the shock therapy thus, privatizing most of the previously government owned businesses. As a result, in the long run, the business is taken the shape of the private ownership. China, on the other hand, has taken a gradual approach to the reforms, entailing a step by step reformation to its different sectors of the economy and regional economic status (Riskin). As a result, we observe policy implementation that is taking place in china as starting on the east co ast as it slowly by slowly approaches the west coast (REZA). The two different approaches had significant impacts to the economic stability of the two economies. For the case of Russia, it caused an impulsive effect on that the economy ended slowing down growth and seemed not to produce the ideal result expected. However, the positive impact was the complete overhaul of the system, thus a good foundation for future economic wellness. On the other hand, Russian system faces the challenge of handling an aging infrastructure that needs modernization ( REZA). The GDP analysis of the two countries entails a study of the GDP trends of each of them, their per capita income, and the components of the GDP of those two countries, and their relevant weight as well as gross national product of the said country. The trends in the gross domestic product of china indicate that the Chinese GDP has increasingly risen over the years, with a sharp rise in 2000. The GDP of china between the 1960 and th e 1980s indicate an almost stagnating position it took for those years. The rate at which the per capita GDP increased was very low and it ranged between 0 and less than several hundred US dollars, thus indicating a possibility to a little or almost insignificant growth by that time(Enkhtur et al). There is a possibility that the economy really struggled at the time as indicated by data. There was no observed increase or motivation in the market that posed a possible future economic giant. However, over the years, the Chinese economy increased its status, with an increase in the GDP from the barely a hundred US dollars to about 2000 us dollars by the time the new millennium approached (Enkhtur et al). This further propitiated a future of a sharp economic growth indicated by a steep and increasingly faster economic growth rate, such that by the time it got to 2010, the Chinese nominal GDP ranked within the top ten worldwide. This is an indication that the trend taken by the Chinese G DP is that of immense growth, especially in the 2000s. The overall Chinese GDP currently stands at 10.4 trillion. Whereas the per capita GDP is at US dollars, 7,925. This is an indication of an immensely high per capita GDP and nominal GDP for a country of chinas state (Foundation). Russian GDP, on the other hand, has experienced swings of accelerating, stable and reducing GDP, these economic upheavals are indicated by the behavior that has been taken by the analytical components of the GDP. the perc pita GDP of Russia stood at about 4ooo US dollars, between the year 1990s and early 2000s, before a major swing that posed a reduction in its GDP to about a US dollars 1000 by the time the of the start of the year 2000. It is then observed that the GDP begins to rise steadily with a small increase in the subsequent years as compared to the previous ones. Thus, the trends in the Russian GDP can be considered to assume an almost unpredictable change in the increase and reduction in the pe r capita GDP for every year (Foundation). For some years, there seems to be an almost constant GDP as compared to the previous, whereas for others, there is a change either with a reduction or an increase. Notably, the Russian GDP can be considered to be lately on the verge of reduction as observed in the trends. It currently stands at a GDP of US dollars 1.33 trillion and a per capita GDP of US dollars 9057. This indicates that the Chinese economy is growing faster than the Russian, and thus a higher gross domestic product as compared to Russia. Russia however still boasts the economic prowess since it has a higher per capita GDP than its counterpart china. The Chinese per capita GDP by the year 2010 stood at US dollars 4478.49, as compared to US dollars 306.92, for the year 1980. Thus, the difference in the two statuses of GDP increases a significant rise for the country. It's projected GDP per capita for the year 2020 is at us dollars 11,456.70. Thus, it is clearly indicated that a possible increase in the GDP per capita is imminent (Enkhtur et al). Generally, chinas GDP has changed from US dollars 302.94 billion in the 80s to a projected 16,144 billion dollars by 2020. On the other hand, Russian GDP per capita specifics indicate that in 1990, it was at 614.47 and has steadily risen to 11,382 dollars in 2010. The projected per capita GDP per 2020 is 10,462 dollars, thus can be considered to be slightly compared to the Chinese GDP per capita. The GDP is likewise projected to be 1,530.61 billion dollars by 2020. The significance of this trend is to indicate the rate at which the two emergent economies and furthermore show that the Chinese economy seems to be growing faster than the Russian economy (Enkhtur et al).The Chinese economic systems have changed over the years to suit the changing world economic patterns, as discussed earlier. Perhaps, notably, this has affected the way in which the economy has behaved since 1980 to the present day trends that are ob served. Between the 1940s and the end of the 70s, the economic reforms in China were taking root and this can be considered to have been the conceptualization of the idea of business reforms. The system reforms entailed radical changes that ultimately shook the Chinese economic state. This particularly came as a result of the foresight of the new communist leadership who took over after the war. For example, the first five-year plan of between 1953 and 1957 introduced the industrial revolution and increased socialization. Organizational restructuring and economic strategizing lead to a great leap forward that caused improved growth. Such processes of reforms among others indicated a transformation in the economic system of the Chinese republic (Riskin). The embryonic period of reforms led to a time of evaluating and establishing the goals of these reforms. The system reforms further projected to the future goals and their place in the days to come. Then, the socialist market economi c systems were established between 1993 and 2002. The process of establishing of the socialist economic systems propelled a growth in the peoples centered economy that aimed at meeting the needs of its citizens as being core to its economy. In the start of the new millennium, the socialist market economy system had taken ground and was perfectly established thus its effectiveness caused a shoot in the economic status of the country (REZA). Thus, the Chinese economic system ranged majorly between the start of the 1950s and present. The economic system that is in place currently was established within this time and is majorly based on a socialist kind of economy that focuses on a market-based forces of demand and supply yet emphasizing public ownership as the trunk of the entire system (Foundation). However, the current market economy is a successor of the preceding planned economy and the idea behind this system was that it ensured the common prospe...

Extended Essay Sample In Economics

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The Unexplained Mystery Into Research Papers College Sports and Mental Health

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What Everybody Dislikes About Essay Samples Uk and Why

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Why Do Black Lives Matter - 1053 Words

If there is one thing that I have learned the most throughout this semester, it is to ask why. Not to sit and accept what I am told but to ask â€Å"So what?† and this is what brought me to this question. Why do black lives matter? Of course, the question could be answered by just saying that all lives matter but if that was the correct answer, then there would not be a problem. There are many ways to look at this question and many sociological concepts to apply to it and that’s what makes this particular question very intriguing. The â€Å"Black Lives Matter† movement started with numerous deaths of black individuals by the hands of the police force. Some of the shootings were said to have happened for valid reasons but that is a never ending controversy. Granted, these things have been happening for years and it is more or less just a momentary subject prompted by heavy media coverage, but why did the shootings even happen to begin with. It would be foolish to just sit and shout â€Å"It is become of racism!† because there is a better explanation other than that. There is a problem that has to be explained in some way. The problem is that African Americans have been killed by the hands of mostly white policemen and nobody seems to know how to give a rational reason. The three ways I am going to take explain this is through the eyes a functionalist, a conflict theorist, and symbolic interactionist along with a few other sociological explanations. A functionalist would most likely lookShow MoreRelatedWhy Do Black Lives Matter2250 Words   |  9 PagesKyla  Higgins   Feb.  4,2015   English ­Ã‚  6th      â€Å"Why  Do  Black  Lives  Matter†Ã‚   Analysis  Of  Quote  Ã‚         Step  1:  According  to  Anthony  Bradley,†In  the  current  crisis,  we  are  left  to  reduce  some  of  our   neighbors  to  depersonalized  nouns:  Ã¢â‚¬Å"suspect,†Ã‚  Ã¢â‚¬Å"thug,†Ã‚  Ã¢â‚¬Å"criminal,†Ã‚  Ã¢â‚¬Å"felon,†Ã‚  or  Ã¢â‚¬Å"cop.†Ã‚  This  type  of   depersonalization  is  the  gateway  to  dehumanization  because  it  gives  us  permission  to  suspend   the  requirement  to  treat  people  with  dignity,  even  if  they  have  broken  the  law†(1).      Step  2:  In  this  quote,  what  Read MoreRacial Injustice And Police Brutality1208 Words   |  5 PagesHowever, this cannot happen due to the unjust to we, the blacks. Our ancestors helped through the civil revolution, many great people- such as Abraham Lincoln, Martin Luther King, President Obama that try to create equality for people. America is a place where people of different color love and accept each other despite their differences. Throughout history, black people being treated brutality that led to the death of many innocent blacks who were killed by police officers, and we need to put aRead MoreBlack Power Movement : African Americans901 Words   |  4 PagesAmericans have found numerous ways to cope with the inequalities that society has dealt to them. One example of this is the Black Power movement. The Black Power movement was a political movement that helped African Americans achieve their civil rights. This movement was ran by the Black Panther Party and they justified the use of violence in the â€Å"accomplishment of black justice† (â€Å"Black Power Movement†). Today, African Americans are still dealing with the same inequalities that they dealt with in the 1960sRead MoreThe Black Lives Matter Movement Essay1570 Words   |  7 PagesThe Black Lives Matter movement was created in 2013 after the acquittal of Trayvon Martin’s killer, and after the killing of Michael Brown in Ferguson, Missouri. In 2014, the phrase became a bold component for a new chapter in an age old historical fight to end social injustices. But the movement’s disruptive protests’ and passionate public speeches about racial inequality have been concerning to many American citizens who are curious about what the goal is for this generation of protesters. OneRead MoreBlack Lives Matter Is A Movement Of The United States Essay1491 Words   |  6 PagesBlack lives matter is a movement that started after Trayvon Martin was murd ered. George Zimmerman was the man who shot Trayvon, and George was found innocent. The movement sparked from this event and continued to grow as more and more events like the Trayvon Martin killing began to surface. The purpose of this movement is to end police brutality and racism against black men and women (Black Lives Matter, 2016). Police brutality is a major issue in the United States. Over the last few years, theRead MoreRacial Inequality Of Americ Why It Still Matters Essay964 Words   |  4 PagesRace in America - Why it still Matters One would not want to live a life if they knew their chances of reaching their goals, were almost certainly downsized or marginalized by their race. Well, sadly this is the case for Blacks in America. Blacks are often found to be, at the bottom of the American society. America is suppose to be â€Å"The land of the free, and the home of the brave,† allowing all citizens equal opportunity. However in a harsh reality it is not, but instead the land of the incapacitatedRead MoreThe Dignity Of Black Americans1701 Words   |  7 Pagesdignity of Black Americans is being taken away by the same people who are getting paid by American tax dollars, to protect and serve. Because of this rash of recent deaths, Black Americas have started an initiative to ban together to fight the racial injustice in this country. Black Lives Matter is an organization of American activist who created a grassroots movement to abolish the degradation and demonization of Blacks Americans. This movement f ormed after the shooting death, of Florida Black AmericanRead MoreEssay On Police Brutality1076 Words   |  5 PagesAfrican Americans, like the Black Panthers in 1966, who wanted freedom of African Americans and to stop all these problems that were occurring. Their goal was to have equal rights. The difference between the Black Panthers and Black Lives Matter is they mostly focus on police brutality. 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Cultural appropriation is taking aspects of another culture and using them disrespectfully or without credit to the original culture. This has happened to Black people since they were brought to America as slaves and still occurs today. From hairstyles to music white Americans have used Black culture as a basis for their own fashion and benefited off of it. This is an issue because as their culture is appropriated and sold back to them Black people

Marketing Strategy and Plan Net Population

Question: Discuss about theMarketing Strategy and Planfor Net Population. Answer: Introduction The net population of the place Brighton is near about 36,667 along with having around 15,119 houses. On the other hand, the average number of people in each household is 2.6. However, three types of strategies are there to increase the number of visitors and to meet the desired revenue margin for the company Royale Brother. ABS 2011, 2011 Census QuickStats, ABS, viewed 29 September 2016, https://www.censusdata.abs.gov.au/census_services/getproduct/census/2011/quickstat/205650911?opendocumentnavpos=220. The initial strategy for rectifying the turnover of Royale Brother is to distribute flyer all over Brighton through e-mail. As there are more than 15,119 houses in Brighton having 2.6 people average, the awareness program through distributing flyer will be done by mailing the flyers to 30% of the suburban houses. According to the expectation, among the 30% of the houses, near about members of 12% of the household will read the mail with utter interest while it could not be determined properly whether the rest of houses will read them or not. Most importantly, as per the assumption, only 3% of that 12% will react to the main interest of the mail and will prosperously visit the restaurant to taste the burgers. From that number of people it can be estimated that a net profit of near about $939.25 can be acquired per month. It is because, each burger cost $17.5. Nevertheless, the awareness or the promotion campaign will cost almost $165 as the design of the premium flyer will be customized and expected to be delivered in 48 hours. The printing cost for 10,000 flyers will amount to $338 and it has been decided that initially only 4,536 flyers will be printed. Therefore, the cost will be $153.5. However, the distribution price for the target houses will be $38 each and as according to the plan, near about 4,576 flyers will be sent to the mailboxes. Therefore, the total cost for distribution would be $190. On the other hand, the marketing cost will be considering the estimate rate - $508.5 and fortunately the supposed revenue of first six month would be $939.25*6 that is equal to $5,635.5. ABS 2011, 2011 Census QuickStats, ABS, viewed 29 September 2016, https://www.censusdata.abs.gov.au/census_services/getproduct/census/2011/quickstat/205650911?opendocumentnavpos=220. Bell Print 2016, A5 FLYER DEISGN, Bell Print, viewed 29 September 2016, https://bellprint.com.au/graphic-designs/flyer-design/a5-flyer-deisgn.html. Bell Print 2016, FLYER DISTRIBUTION MELBOURNE, Bell Print, viewed 29 September 2016, https://bellprint.com.au/flyer-distribution/flyer-distribution-melbourne.html. Bell Print 2016, FLYER PRINTING, Bell Print, viewed 29 September 2016, https://bellprint.com.au/flyer-printing/flyer-printing.html. George Dixon 2015, what % is a good response rate for targeted flyers?,Mosaic HUM, viewed 29 September 2016, https://www.mosaichub.com/answers/question/what-is-a-good-response-for-targeted-flyers. The next strategic policy is to enhance the number of customers to raise profit scale by inviting the audience who will pass by the restaurant. There is a popular shopping centre near the restaurant; hence, a footpath signal will be convenient. The sign will help to attract the eyes of local people who are the daily shoppers and it can be expected that the sign will work well to convince the mind of the people. The message on the sign will give a direction to the location of the restaurant along with showing a delicious image of burger with a catchy tag line. Consequently, it is well assumable that most of the shoppers will take interest to try the food. The total cost for printing and designing the sign along with installation will be probably $479. Additionally, the restaurant has to pay around $389 to get the trading permit on yearly basis. Therefore, the total cost for marketing stands for $868. It is significant to note that almost 3,667 inhabitants are found potential shoppers of that local shopping centre which is 10% of the entire population of Brighton. At the initial stage it has been decided to target only 6% shoppers to understand whether the footpath sign is working or not. Finally, it has been planned to attract 3% of the shoppers to try the cuisine of the restaurant. As the cost per burger is $17.5 and if 3% or 7 shoppers will try the food, then perday the profit will be $122.5 and monthly it will turn out to be $3,721.55. Therefore, in coming six month the estimated profit will be probably $22,329.3. Bell Print 2016, A1 POSTER DESIGN, Bell Print, viewed 29 September 2016, https://bellprint.com.au/graphic-designs/poster-design/a1-poster-design.html. Officeworks 2016, Outdoor Poster Stands, Officeworks, viewed 29 September 2016, https://www.officeworks.com.au/shop/officeworks/Print-And-Copy/Outdoor-Poster-Stands. Bayside 2016,Footpath trading, Bayside, viewed 29 September 2016, https://www.bayside.vic.gov.au/living_in_bayside/business_in_bayside_footpath_trading.htm. ABS 2011, 2011 Census QuickStats, ABS, viewed 29 September 2016, https://www.censusdata.abs.gov.au/census_services/getproduct/census/2011/quickstat/205650911?opendocumentnavpos=220. The final strategy is to enhance the number of the customers who already have visited the restaurant for fine dining on a frequent basis. The plan is to increase the volume of loyalty among the existing ones. The company is expecting that by providing loyalty card to the existing customers, there is probability that those consumers will come twice per month. The loyalty card has been decided to give 2% discount. Additionally, the company has decided to select 1000 permanent consumers to give them the opportunity to become prime customers and to enjoy more discount offers. This will be called loyalty program, with the help of which the company is expecting that the customers will visit more than twice a month. The consumers will supposedly spend an amount of $35000 for twice visiting the restaurant, while being prime customers they will visit more. Therefore, the revenue will elevate up to $52000 per month. By having 2% discount along with being engaged into the loyalty program, the p ermanent customers will visit more than two times a month. With every third visit, $0.35 will be given as discount for each visit; therefore, the total amount of discount will be $350. Between the year 2006 to 2007, operating revenue excluding tax has been $368.3 and the profit margin has been 3.8%, therefore net profit used to be $1,995 as margin profit. If the discount will be added then such a profit will turn down to $1,645. The expense rate for the loyalty program will be estimated based on the rate of printing card and designing it. Around $60 will cost for each card and the price of the changing system will be $3000, therefore total marketing will cost $3,060. ABS 2011, 2011 Census QuickStats, ABS, viewed 29 September 2016, https://www.censusdata.abs.gov.au/census_services/getproduct/census/2011/quickstat/205650911?opendocumentnavpos=220. Vistaprint 2016, Loyalty Cards, Vistaprint, viewed 29 September 2016, https://www.vistaprint.com.au/loyalty-cards.aspx?couponAutoload=1expiredCouponCode=t7xkrd95rnz4GP=9%2f26%2f2016+8%3a48%3a52+AMGPS=4094388110GNF=1. ABS 2011, 2011 CAFES AND RESTAURANTS, ABS, viewed 29 September 2016, https://www.abs.gov.au/ausstats/abs@.nsf/Latestproducts/8655.0Main%20Features32006-07?opendocumenttabname=Summaryprodno=8655.0issue=2006-07num=view=#SUMMARY%20OF%20OPERATIONS. Conclusion The second strategy has been selected, as it will be the apt way to raise the number of the customers. Moreover, footpath signs are also helpful to attract other passing by people instead of the shoppers. The fortunate part about this is fee for trading permit is valid on yearly basis, which will help the restaurant to promote and gain more benefits. Therefore, $868 is required for the plan. As per the plan, 6% of the shoppers are expected to be influences among which 3% will visit the restaurant per day. Thus, the estimated revenue will be $122.5 each day and will turn to $3,721.55 on each month. The promotion plan will be conducted for six months according to which the expected revenue will be $21,461.6 excluding tax.