Category: ESSAY

Show what would happen in a market if the government placed a tax on a normal good

Understanding the Economy

Is the Consumer Always Sovereign in the Free Enterprise Market Economy? Theoretically, the free enterprise market economy produces a situation in which the law of supply and demand, in conjunction with a competitive economic environment and well-informed consumers guarantees consumer sovereignty

Evaluate the various methods that a firm can use to estimate its cost of equity, discussing advantages and disadvantages of each

Great Depression and Economic Crisis in the 20th Century

Discuss Adam Smith – After two centuries, Adam Smith remains a towering figure in the history of economic thought

Economic Analysis of the firm Price discrimination can be beneficial to both consumers and producers

Evaluate the usefulness of the Stackelberg model in explaining the behaviour of firms in oligopolistic markets

Discuss Marx’s Theory of Value by Focusing on Abstract and Concrete Labour – The labour theory of value is a doctrine that was established by the classical economists, particularly by Adam Smith and David Ricardo; it “states that the value of a good is determined by the amount of labour input needed to produce that good”