Share
Explore BrainMass

Economics Issues

Within economics there are many issues that are of concern, especially during the development and growth of economies. These can include environmental concerns, poverty, and gender inequality. These sort of problems that are typically a part of other social studies can be viewed under an economic perspective.

For example, gender inequality issues are typically discussed within the perspective that economies that have not developed to give equal opportunity to both genders in the work force are at a disadvantage because they greatly reduce their labour resources; women make up 50% of the population. Poverty is a self-evident issue because it comes at the detriment of the welfare of portions of the population as well as limiting those persons' contribution to the economy. 

Environmental issues are economic issues in the sense that most problems stem from externalities which means an inefficiency in the system. For example there is excess car pollution because the price of cars does not account for this cost to the environment. Economic thinking would say that the price mechanism does not accurately affect the costs so the choices of the consumers are higher than normal. As long as we create a situation where the price truly reflects all the costs including the social costs then there will be a lower and more 'correct' amount of pollution that is acceptable to all. On the other hand, most environmentalists would not agree that there is a 'good' amount of pollution. 

Economic issues are usually most evident within developing economies, but that does not mean developed economies do not face these same economic issues. 

Categories within Economics Issues

Environment

Postings: 109

The environment is categorized as an economic issue because of the negative impact that production and economic expansion has on the environment, which is an important problem that follows economic growth.

Gender Inequality

Postings: 11

Gender inequality is a prominent issue discussed in economics today.

Poverty

Postings: 19

As economics deals with the allocation of wealth and resources, poverty is a pressing issue in economics.

Quantitative Easing US UK

Has Quantitative Easing (QE) proven to be an appropriate and effective response to the Great Recession in the United Kingdom and the United States? Compare and contrast QE in both countries from 2008 until the present time? Please see the attached for more details. Thank you,

Ethical Codes and Environmental Engineering Practice

1. A Civil Engineer with ten years experience in environmental engineering practice heard a story on the evening news about plans by the state department of transportation to build a belt route near protected wetlands. As presented in the news story, he believes the new road may be extremely harmful to the wetland and the uniqu

Negative Letters

I need with the following: Please write a negative letter. Create from scratch if possible, This is not a personal reprimand or a personal critique but instead describe a situation at work that requires a negative communication. Write a negative letter that addresses that situation and explain all the principles that you

Conflict and Resolution

Kitchen Remodeling Project - A homeowners son has agreed to invest some money in materials for the remodeling of his parents kitchen, if he can decorate the kitchen and the cabinets in vinyl he likes. He and his wife live in the house in a basement apartment, and they use the kitchen quite a lot. The problem is that the owner

Culture issues at workplace

An Indian (from India) woman you recently recruited heavily and won to your company has come to you with a problem. Brought in as an engineering design manager in new products development, she has education and experience you have been unable to find other places, and you very much need to keep her in your group. She states he

Public and Private Goods

The citizens of Balaland used to pave 120 miles of roadways per year. After the government of Balaland began paving 100 miles of roadways per year itself, the citizens cut back their paving to 30 miles per year, for a total number of roadway miles paved per year of only 130 miles. What might be happening here?

Economics of internet - AAAGearFixer

Assume the following data is from a keyword ad campaign run at Yahoo by a national transmission repair shop AAAGearFixer. You are consulting with them, and they have told you they are only interested in the possibility of ads that run in the top 3 slots. Tested Keywords: Exact phrase: transmission Exact phrase: transmiss

Economics of internet - Song Digital Reader/eBooks

Part A: The following table shows book sales in the U.S. during 2004. With what you know about the impact of the Internet, what are some of the key differences you would expect to see if you had the equivalent table in the year 1994? If possible, support your answer with relevant readings. Sales Range Titles Units

Cost drivers

Company A produces 3 products. Company A uses labor costs as a cost driver for support costs. Direct labor is estimated at $20 per hour. Products A & B require 20 hours of direct labor. Support cost is 2x the direct labor cost. Company A recently installed a computer integrated manufacturing system. Due to this change, Com

Question

Cost of corn is low and patrons in the US spend 3 billion yearly on its consumption. The cost has doubled, patron spending in reality has gone up to 4 billion yearly. This is an a sign of? (demand for corn is elastic, demand curve for corn is upward sloping, corn is a giffen good, corn prices violate the law of demand, none

Airline Alliances

Airline alliances are major global partnerships that typically secure antitrust immunization, develop code share flights, coordinate frequent flyer plans, share check-in services, share or consolidate airport lounges, streamline airport ground handling and leverage integrated operations whenever they can. The Star Alliance (Uni

Economics of internet

Please be specific. You are the Chief Economist of the FCC. The Chairman has called you in to discuss a thorny issue. Two wireless broadcasters operate on adjacent frequencies. Operator A, complying with FCC rules, installs a new low-powered cellular architecture for its radio service at a cost of $1 billion to replace its