ESSAYS -
LIST OF AVAILABLE ESSAYS ...
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Bolstering Taiwan's Economy Through Arms Procurement
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A 35 page paper discussing changes in Taiwan's economy in the early years of the new century and the growing threat of mainland China. Taiwan's defense spending has declined dramatically over the past several years as there has been internal disagreement over the total cost of matching China's increased defenses. This paper reviews the course of economic history of Taiwan and the strained relations that continue between China and Taiwan even though the two are increasingly economically interdependent. It also demonstrates that renewed arms procurement activity in Taiwan would serve several purposes and would have the effect of bolstering Taiwan's economy as it moves from manufacturing to services, the natural progression of an increasingly maturing economy. Includes an abstract. Bibliography lists 24 sources.
Filename: KSeconTaiArms.rtf

Book Review of “Irrational Exuberance” by Robert Shiller
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This is a 5 page book review of Robert Shiller’s “Irrational Exuberance” (2000). The publication of Robert Shiller’s book “Irrational Exuberance” in 2000, took investors by surprise as it was a criticism and analysis of the recent increased trends in the stock markets. Essentially, Shiller states that the increase in the stock markets is a result of several cultural, sociological and psychological elements and not based on an increase of “real value”. He admits that there are many factors involved, including the introduction of the Internet into American homes and an increased awareness of the stock market in the media, but he ascertains that the real increase in based on the “herding” effect of social rational humans who follow popular trends. Despite the increase in the markets, Shiller cautions investors to keep their portfolios diversified and not dependent on the stock market because based on past historical increases in the market, this increase will also be followed by a decade of mediocre returns. Because of this good advice and words of caution, the book is considered worthwhile to read especially for anyone considering loading their investments into the stock market. Bibliography lists 4 sources.
Filename: TJShill1.rtf

Bush’s Dilemma: The Cost of the War on Terrorism
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A 3 page paper arguing that George W. Bush has no clear idea of how long the war against terrorism will last, how much it will cost or when he will need to raise taxes to pay for the effort. The bottom line is that there are too many unknowns for the Bush administration to be able to provide any firm picture of total cost of the war effort or when it will be “safe” for the economy for the administration to raise federal taxes. Without knowing how long the war effort will last, there is no way to firmly predict what the final cost will be. Without knowing that bottom-line figure, neither can tax increases be predicted. All hinges on how effective allied forces are able to be in inhibiting terrorists’ ability to act at will. Bibliography lists 2 sources.
Filename: KSwarCostIraq.rtf

Business and Free Trade
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A 3 page paper considering whether business would choose the free market or a managed economy in the case of a global crash and the possibility of starting over. Perhaps a controlled market would be tempting momentarily, but in the end business is more likely to opt for the free market. It is more conducive to growth in the long term, and with all businesses on the level ground of the crashed market, they would have no reason at all to want to pursue the managed economy. Bibliography lists 1 source.
Filename: KSfreeTrdEcon.rtf

Business Cycle Dating; Purposes of the Fed
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A 12 page paper in two sections. The first discusses how National Bureau of Economic Research determines the presence of recession and dates when it begins and ends. The second section discusses the structure and function of the Federal Reserve, focusing on the action of the Federal Open Market Committee (FOMC) that meets quarterly to determine whether it will change interest rates. The action of the Fed seeks to place a glove over Adam Smith's "invisible hand," not seeking to change the action of that hand but only soften the effects of its movement. It directly contributes to the stability of the nation's economy and by extension to the nation itself. Bibliography lists 4 sources.
Filename: KSecMacBizCyFed.rtf

Business Economics
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A 5 page paper that responds to four questions presented by the student. The paper includes: a PEST analysis of higher education; and definitions/descriptions of price mechanism, supply curve, demand curve, short run and long run supply curves, fixed and variable costs and economies of scale. Bibliography lists 7 sources.
Filename: PGbuse4q.rtf

Business Economics
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This 8 page paper answers questions asked by the student demonstrating the way that demand or supply lines will move on a supply and demand graph as a result of different influential factors, the way that different costs can be used to calculate optimum production and the differences between tariffs and quotas. The bibliography cites 5 sources.
Filename: TElobstr.rtf

Business Economics; An Illustration of Supply and Demand
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This 3 page paper uses the example of the sales patterns of sports utility vehicles (SUV’s), to illustrate the value of understanding macro factors on the supply and demand relationship. The bibliography cites 1 source.
Filename: TEsuvsad.rtf

Buying Corn in 2020
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A 6 page paper discussing changes in corn availability and pricing in the US in the year 2020, after most of the US corn production has been given to the production of biofuel in advance of the development of commercially-viable hydrogen-powered cars. The result is that there is a glut of corn available in 2020; food animal producers sold off their stock years earlier; and most consumers have no interest. Bibliography lists 6 sources.
Filename: KSeconCornBio.rtf

Calculating Supply and Demand; A Basic Outline to Applying Supply and Demand Economics;
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This 10 page paper looks at some examples of price and supply figures and forms graphs to demonstrate to operation of supply and demand. The paper includes 3 graphs and bibliography cites 4 sources.
Filename: TEalgegg.rtf