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Papers On Economics And Economic Theory
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How Increased Competition from Generic Drugs Has Affected Prices And Returns In The Pharmaceutical Industry
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This 14 page paper examines the way in which prices of branded drugs, and the related profit they create for the pharmaceutical companies, is impacted when patents expire and the branded drugs have to compete with generic products. The paper considers how the law of supply and demand manifests in this market where an increase in supply does result in a reduction of prices and to what extent this occurs. The paper also looks at the US Hatch-Waxman Act which was introduced to decrease the barriers of entry for the generic drugs whilst the patent periods were extended. The bibliography cites 5 sources.
Filename: TEdrugpr.rtf

How Keynes Arrived at His Theories
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This 5 page paper looks at the life and times of John Maynard Keynes and how he derived his theories. Not only is his life and how he came up with his theories discussed, but it is discussed in the context of the day. How his theories are applicable to today is also included. Bibliography lists 4 sources.
Filename: SA313Key.rtf

HOW PEOPLE MAKE ECONOMIC DECISIONS
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This 3-page paper examines the four principles of decision-making (also known as the four principles of individual choice) and provides an example of how these work. Bibliography lists 1 source.
Filename: MTdeciecon.rtf

How The Role Of The State In East Asian Economies Differs From The Teachings Of Liberal Economics
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5 pages in length. Korea, when used as an example of how the state's role in East Asian economies differs from the teachings of liberal economics, lends a great deal to understanding this separation. Clearly, there exist both strengths and weaknesses of the developmental state, which can be readily acknowledged merely by way of close examination. South Korea, for instance, has experienced significant changes since the end of World War II with regard to modernity. The successes associated with its progress and production as a country as they relate to the global economy, as well as the problems inherently related to the typical growing pains of a nation fraught with strife, have posed considerable obstacles for South Korea. Indeed, the twentieth century has provided South Korea with a number of improvements to its society and economy as a means by which to afford this so-called newly industrializing country's GNP the opportunity to prosper. Bibliography lists 6 sources.
Filename: TLCLibEc.wps


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