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Papers On Economics And Economic Theory
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Gas Price Elasticity
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A 5 page paper discussing gas price elasticity in light of the record-breaking prices of the summer of 2000. A product of high elasticity is one that exhibits significant response to the laws of supply and demand. Unfortunately, gasoline is not one of those products. Consumers may change travel plans when prices exceed $1.50 a gallon, but gas is seen as a necessity for everything but vacation. Although alternatives are slowly becoming available, few exist in 2000. In addition, gas purchases account for only a small fraction of available income. If any or all of these conditions were different, then gas would be a more elastic product. For the present, it remains a product of low price elasticity of demand. Bibliography lists 7 sources.
Filename: KSgasPrice.wps

Gas Rationing
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This 6 page paper discusses what might happen if the U.S. Congress devised a means by which American consumers would have to ration their gasoline. Bibliography lists 4 sources.
Filename: HVGasRat.rtf

Gasoline Prices Change and a Reflection of Supply and Demand
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This 4 page paper takes a newspaper article about increasing gasoline process in Michigan and examines this from the perspective of supply and demand. The underlying economic concepts are explained and applied to the price movement in the gas prices, the movements are illustrated with the use of 2 supply and demand graphs. The bibliography cites 4 sources.
Filename: TEgas2006.rtf

GDP Questions
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This 3 page paper answers three questions concerning GDP. The first part of the paper looks at what is meant by GDP and how it is calculated. The second part looks at the drivers and the last part makes prediction for future GDP growth giving reasons for that prediction. The bibliography cites 3 sources.
Filename: TEquGDP1.rtf

GDP, INVESTMENT AND THE BUSINESS CYCLE
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This 4-page paper focuses on the concept that the robust GDP experienced by the U.S. during the early 1990s (and the increase in equity value) ended up eventually bringing down the business cycle during the latter part of the decade. The paper discusses why this was so, bringing in several theories of GDP-business cycle-investment relationships. Bibliography lists 3 sources.
Filename: MTgdpbus.rtf

General Equilibrium Model
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9 pages in length. The developments in economic theory that ultimately led to the emergence of the general equilibrium model are based in trade. This useful model has been instrumental in addressing certain aspects of commerce, particularly with regard to global exchange. As technology continues to increase around the globe, international investment opportunities are more plentiful, apparent and diverse than ever before; as such, labor force considerations have taken a front seat with regard to the association between economic theory and the advent of the general equilibrium model. Bibliography lists 6 sources.
Filename: TLCequil.wps

General Health of the American Economy
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This 3 page report discusses the nation�s economy and its state of health. Despite the positive financial picture being painted by politicians and the media, there are many serious concerns that will have a definite impact on the U.S. public. Bibliography lists 3 sources.
Filename: Econam.wps

Germany and the European Union:
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This 9 page paper examines Germany's relationship with, and involvement in, the European Union. This paper details the complex history of Germany from an economic standpoint and reveals how this history impacts Germany's involvement in the EU. Bibliography lists 3 sources.
Filename: GSGerman.rtf

GLASS-STEAGALL ELIMINATION: WAS IT A GOOD IDEA?
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This 3 page paper argues that the elimination of Glass-Steagall was a good idea. Examples, illustrations given. Bibliography lists 1 source.
Filename: MBgstgal.rtf

Globalisation and the Australian economy
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A paper which looks at the impact that globalisation and the liberalisation of trade has had on the Australian economy in recent years, with specific reference to social inequality. Bibliography lists 12 sources.
Filename: JLausecon.rtf


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