ESSAYS -
LIST OF AVAILABLE ESSAYS ...
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The Power of the Invisible Hand; Smith, Ricardo and Malthus
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This 5 page paper explains the idea of Adam Smiths' 'Invisible Hand' to describe the way the way he believed unregulated market forces would operate. The writer then considers the less optimistic ideas of Ricardo and Malthus. The bibliography cites 8 Sources.
Filename: TEinvhnd.rtf

The Problems with Monopolies
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This 6 page paper considers why economists are so universally antagonistic to monopolies and if there are anything advantages to be said about monopolies. The bibliography cites 6 sources.
Filename: TEmoneco.rtf

The Product-life-cycle theory and Alternative Points of View
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This 5 page paper provides an overview of the product life cycle theory as well as other relevant theories. Limitations of the theory are also discussed. Some information is provided on systems theory as well. Bibliography lists 6 sources.
Filename: SA308plc.rtf

The Production Cost Relationship
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This five page paper explains the cost production relationship, looking at the production function and the cost function and then considering how costs may be distributed over different production levels. The paper, including one graph looks at using average fixed cost, average variable cost and average total cost in order to determine optimum production levels. The bibliography cites 3 sources.
Filename: TEcostpr.rtf

The Productivity Paradox
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This 6 page paper, plus appendix, looks at the economic productivity paradox, its background and manifestation. The paper considers the costs spent on IT and their effect on the market valuation, the increased productivity that it demonstrates as well as the use of ERP. The role of ERP is also discussed along consideration of the major players market share and development of the programmes. The paper includes one graph and the bibliography cites 11 sources.
Filename: TEprodpx.wps

The Purpose of Adjusting Accounting Entries:
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This 3 page paper examines why adjusting entries is necessary, based upon the hypothetical assertion that the purpose of adjusting entries is to correct a mistake. This paper contends that this is NOT the reason for such adjustments, and explains the reasoning for this. Bibliography lists 1 source.
Filename: GSAccnts.rtf

THE QUESTION OF INCOME REDISTRIBUTION
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This 7-page paper discusses the effectiveness of income redistribution and if there is a case for its success. Topics covered include equity, positive externalities and the Pareto Effect. Bibliography lists 6 sources.
Filename: MTincred.rtf

The Rational Consumer's Choice Between Market, Non-market and Leisure Activities
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A 14 page paper discussing how changes in work and society affect consumers' choices in how they will spend their time. The superficial view is that greater labor-saving devices and other factors work to create greater availability of leisure time, but one author notes, "Greater exertion at work results in a higher wage, but less energy to devote to consumption and leisure activities." This is in conflict with the theory that greater material success results in greater leisure time. In the "real" world, busy people must make choices in how they will spend their time. Those choices include market, non-market and leisure activities. The purpose here is to describe how rational consumers allocate their time between the three. The annotated bibliography lists 14 sources and accounts for half of the paper's length.
Filename: KSeconRatCons.wps

The Rationale for Stock Buybacks
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This 12 page paper examines the topic. Terms are explained. Microsoft is used as an example and historic trends are revealed. A one page abstract is included. Bibliography lists 10 sources.
Filename: SA904stk.rtf

The Real World Application of the Mundell-Fleming Model and the Monetary Model
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This 10 page paper looks at exchange rates and the reasons for devaluation. The models are considered in this context and its' application in the real world. The bibliography cites 7 sources.
Filename: TEmunflm.rtf.