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THE ECONOMICS OF OPEC

of drug, the copyright or patent on those drugs effectively erase all competition for a period of several years, to allow the comp...

OPEC AND ECONOMICS

much to the market. Though this means members of the cartel get an equal share (which might be less than if they were separate ent...

OPEC's Influence, Nation States, and Power

seen as having its routes in economic rather than military force. It is the power of trade embargos that have aided in seeking to ...

Economic Impact of OPEC

own production (Wikipedia, 2004). The end result is that oil prices increase (Wikipedia, 2004). Where else is oil produced? The l...

OIL AND THE INTERNATIONAL BUSINESS CONNECTION

Before we take on an explanation of oil and petroleum on a global scale, we first need to understand how the "liquid gold," as...

ECONOMIC BEHAVIOR - AN ANALYSIS

than the other - as in many cases, there is no such thing as "pure" Keynesian or "pure" monetarism (which is what the Chicago Scho...

Monopolies, Oligopolies, Cartels and OPEC

some benefits, although it does not stimulate development, it will provide the services and is a useful model where there may not ...

Post 1970 Oil Prices

not meet demand the prices will rise, and this will happen until the demand drops off due to the price increase and supply and dem...

Oil Prices and the Impact of OPEC

In six pages this paper discusses OPEC's impact upon oil prices with the effects of globalization also considered. Six sources ar...

OPEC, Iran, and Saudi Arabia

In twelve pages this paper discusses the validity of OPEC's assessment of 'price hawk' Iran and 'price dove' Saudi Arabia. Nine s...

Pre OPEC Oil Market

In five pages this paper examines OPEC's formation and the oil market prior to its inception. Four sources are listed in the bibl...

Overview of Experimental Economics

In five pages the contemporary world's utilization of experimental economics is examined in this overview of its history and varie...

Social Responsibility, Terminally Ill Citizens, and Euthanasia

In five pages euthanasia is explored in terms of history, types, and issues of economics, living wills, and human rights....

Relationship between Politics and Economics

says that in the 1992 election (the slogan was "Its the economy, stupid!"), Clinton "enthusiastically encouraged voters beliefs th...

The Real Estate Market: The Views of Smith and Keynes

rules and regulations and government intervention-is good, there are theories that suggest government must act. For instance, in t...

COST LEADERSHIP: AN EXPLANATION

Strategy, 2009). Wal-Mart, which touts its low prices, has used technology and a very lean supply chain to wring every last saving...

Economic Institution of Slavery in Beloved by Toni Morrison

as we can see from works such as Toni Morrisons Beloved, slavery was a moral and psychological evil whose effects were felt -- and...

Development Economics

externalities and distribution are not necessarily accurate when assessing developing economies. There is a strong argument in dev...

Economics and Nursing

(Nellis and Parker, 2000). Elasticity Elasticity of a good is the measure that assess the impact that a change in price will have...

Concept of Bionomics

In seven pages the relationship between biology and economics is considered in this overview of bionomics, which generally explain...

Summary of Free to Choose by Milton and Rose Friedman

the book follows the television series on which it is based. There is a chapter for each of the ten episodes. The first chapter, ...

Macroeconomics Concepts

payments (Tutor2U, 2002). macro economics also considers the success or failure of government economic policies and decisio...

Global Perspectives on Malthus' Economic Theories

This paper examines the global impact of Malthusian 'doomsday economics' in 17 pages. Three sources are cited in the bibliography...

10 Economics' Essays

or heavy. Taking these facts into consideration, then, we can deduce the following: In the short run, there are price and output...

Differences Between Liberal Economics' Teachings and East Asian States' Economic Role

In five pages this paper examines liberal economics and the differences in East Asian economies regarding the role of the state. ...

'Feel Good' Economics and Keynesian Economics

In six pages this paper discusses twenty first century globalization and why Keynesian economics is needed more now than ever befo...

A Keynesian Economics' Consideration

less fortunate. However, economists like Keynes realize that government policy can encourage growth in business or discourage it. ...

Questions and Answers on Issues Pertaining to International Marketing

on a specific product, rather than trying to produce many products for which it has no resources. This would end up being a more c...

MONOPOLIES, OLIGOPOLIES AND ANTITRUST: AN OVERVIEW

barriers, patents and natural barriers to entry. Microsoft could be considered a monopolistic firm in several senses - it ...

OPEC and the Controversy of Dynamic Pricing

several economic models and practices adopted by businesses in order to thrive and prosper. One such practice is dynamic pricing. ...