Economics

Economics is the study of the production, distribution, and consumption of goods and services. The term economics comes from the Greek for oikos (house) and nomos (custom or law), hence “rules of the house(hold).”A Lionel Robbins in his 1932 essay: “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.” Scarcity means that available resources are insufficient to satisfy all wants and needs.

America’s Economic Nightmare

Teacher’s Summary

This essay delves into the causes and consequences of the Great Depression, blending historical research with personal family anecdotes. The narrative explores overproduction, wealth concentration, and the struggles of rural Americans, as well as Herbert Hoover’s role in …

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Advertising Essay

In today’s world advertising is an important part of our economy. Advertisers are hired by companies, to come up with ads that will sell their product. Advertisers and marketers say that the world of advertising is very important because it …

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British Welfare System

Editor’s Summary: This essay critically examines the influence of Americanization on the British welfare system, arguing that it extends beyond mere policy transfer to reflect broader changes in global capitalism. It highlights the shift from a production-focused to a consumption-driven …

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Fed’s 2007-08 Crisis Response

Editor’s Note:

The 2007-2008 financial crisis challenged the Federal Reserve, leading to unprecedented actions under Chairman Ben Bernanke. This essay critically examines the Fed’s response, including rapid interest rate cuts, emergency lending programs, and direct capital injections. While these measures …

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Cash or Card?

A phrase that is commonly said in the super markets is “paper or plastic”. In today’s society, however; it is not talking about bags. They are referring to the type of payment that you will use to pay for your …

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Inflation Targeting

In order to achieve price stability in New Zealand, the monetary policy Inflation Targeting was adopted in 1990. With the growth and success of this new strategy, Canada, the United Kingdom, Sweden, Spain and many other counties followed suit in …

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Nigeria’s Private Sector

Teacher’s Summary: In this essay a student delves into the complexities of Nigeria’s private sector, revealing the intertwined relationships between public and private interests. Through interviews, research, and personal reflections, the student uncovers the realities of privatization, government contracts, and …

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