Recession in the United Kingdom Essay Example | Topics and Well Written Essays - 2500 words

Recession in the United Kingdom - Essay Example The causes of the recession in general cannot be determined but the onus falls on the administration and the financial system of the economy. (Recession, n.d.) The recession in the latter half of 2000 was severe and the effects were visible in various economies of the world. The focal point of the recession of the 2008-09 was on the USA and it soon spread to the different corners of the globe. The main reason for the recession can be attributed to the housing sector of the USA and the inability of the financial system of the USA to tackle the problem. The components of the financial system like the banks and the financial companies were many ways responsible for the origin of the recession. USA, being one of the financial epicenters of the world, had a control over the global financial system. Therefore, the effects of the recession were visible in many parts of the world and the companies were cutting their manpower to cut the costs. The global economy suffered and the Governments o f the various countries had to take severe measures to counter the effects of the recession. UK being another nerve center of the global financial world faced the severe effects of recession. Another cause for the recession in the UK was that the economy of the country was dependent on the economy of the US and after the globalization of the economy companies of the other countries started to function in the UK. The Government had to put some efforts and it had to renew the policies to control the effects of the recession. The paper will explore the issue recession in the UK with special emphasis on the impact of measures undertaken by the government to tackle the recession. As discussed in the earlier part the origin of the global recession was the USA and the reasons for the recession can be attributed to the failures of the banks and the financial companies. The sector, which contributed to the

Undergraduate economics major students and their future Research Paper

Undergraduate economics major students and their future - Research Paper Example Being a economics student, the researcher is highly motivated in conducting this research and identifying the relationship between the employment level which is the dependent variable and economic major which is the independent variable. This research will enable the researcher to investigate about the future of the undergraduate economic major students. The main focus of this research study is on exploring the future opportunities for the students of economics. In order to achieve the research objectives and aims, the researcher has developed a multi variable mathematical and econometric model. This model will allow the researcher to see the relationship between the employment level and economic graduates. Another important variable in this regard is the condition of the labor market i.e. the supply and demand of the workforce in general. The model has been designed in such a way that the relationship between the economic graduates and employment level will be measured for the a particular supply and demand of the workforce in the market. During the undergraduate economics program students learn the basics of doing business and how businesses and industries are operated. Students during economics undergraduate program learn not only about the basic ideas related to the successful management of the business but they also learn about macro-environmental factors as well as micro-environmental factors that can influence the performance of the company and thus they are able to analyze these important factors and take actions accordingly. Economics students are made to learn different concepts, theories and issues that previously CEOs of the large organizations have already faced and by getting familiar with their case studies and learning from their experiences, they become well-aware of different factors that affect the overall business and situations that previous top management of the organization have faced and thus they are in a