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Papers On Economics And Economic Theory
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Economic Policies: George W. Bush And Bill Clinton
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15 pages in length. Public opinion has a tendency to waver between obediently accepting and vehemently disapproving of presidential economic policies. While some thought that President Clinton's policies represented the fundamental contributions of his administration, others believed that the nation's economic situation only continued to worsen with him in office. George W. Bush maintains a constituency just about as divided, and he has not even been in office for six months. How do the two presidents' economic policies compare? Bibliography lists 15 sources.
Filename: TLCbshcl.doc

Economic Policy of Three Presidents, 1989-2003
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A 7 page paper discussing the economic policies of Presidents George H. Bush (1989-93), William J. Clinton (1993-2001), and George W. Bush (2001-present). Five tables list Dow Jones and S&P 500 averages; interest rates, unemployment rates and personal income for each year. Thankfully, the three presidents of 1989-2003 could see the value of maintaining a largely hands-off policy regarding the economy. George Bush Senior preserved Reagan’s changes so that they could have full effect; Clinton instituted NAFTA and Welfare-to-Work, easing existing pressures. To date, it appears that George W. Bush has no domestic economic policy, but the lessons of the past indicate that too little action is much to be preferred over too much, too late. Bibliography lists 5 sources.
Filename: KSeconPol3Prez.rtf

Economic Policy Recommendations in the United States
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A 4 page paper discussing the economy in the US in 3Q2005 and making recommendations for the future. The primary recommendation is that the Federal Reserve leave interest rates as they are at present as long as inflation does not become problematic. Business profits may decline as fuel costs rise. Tax revenues could be lower in the future but tax rates should remain at current levels to continue to encourage business growth and to maintain consumer spending in the face of likely fuel-related price increases of consumer goods. Bibliography lists 5 sources.
Filename: KSeconRecUS05.rtf

Economic Principles Applied to Pharmaceutical Companies
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This 11 page paper applies a number of economic principles to pharmaceutical companies in the way in which they produce and then sell drugs. Pharmaceutical companies can produce drugs for only pennies a pill. These companies are protected by patent laws for new drugs they develop and with a patent protecting their product; they have an effective monopoly on the drug. If this drug is sold at marginal cost, no new drugs would ever be developed as the company must take into consideration the research, development and the drug approval costs which must be recovered. The company must find a balance in maximizing profits (as a monopoly) and having their marginal revenue cover their high initial costs (in order for consumers to afford their product). This paper discusses order these principles and includes 2 supply and demand graphs to illustrate the points raised in the paper. The bibliography cites 5 sources.
Filename: TEdrugprice.rtf

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