how to write an economic analysis paper research

NBA sets attendance records for the 2015-16 season. This implies that; it has a large number of buyers and sellers, every market participant has perfect knowledge about the market and there are free entry and exit. Opinions are baseless statements and do not belong in any research paper. Retrieved from NBA.com: http://www.nba.com/news/faq, Zillgitt, J. At equilibrium point, the various teams which operate in the NBA league are assumed to pay an equal amount to their players, since at this stage the supply of players is equal to the demand of players (Metcalfe, 2013). Copyright © 2013- 2020 - MyPaperWriter.com, Runway Fashion And Its Effects On Body Image. Home — Essay Samples — Economics. Blasts Drinking and Smoking, and Demands Power to Protect,” is an interesting... THESIS STATEMENT: Runway fashion has been a subject of controversies regarding whether it should be encouraged in the society or... My first impression of Columbus’ letter to Santangel is that he is a very thorough observer. Probably, you will read the main text numerous times to understand it and its purpose. Data analysis is a theory based on facts. Research papers are one of the main results of researcher's operations and surveys.The main purpose of such working papers is to make the work of the author available to other researchers and to identify the priority in the chosen field of research. You need to identify its background, history, culture, operations and lots of other important stuff. Read essays samples written by our professional writers and feel free to use them as a source of inspiration and ideas for your own academic work. From the curve, it can be deduced that output, the victory of loss of a game and ultimately the gain or lack of attendance, is determined by the input, or the performance of the individual NBA teams such as Miami Heat or the Los Angeles Lakers and the acquisition of star players. So, the new function will be; For example, in the case of the NBA, the output regarding the game victory or loss will greatly depend on the team’s input in the form of performance, obtained through investing in star players who attract bigger crowds hence higher attendance at the games. (2016, Apr 14). Retrieved Jan, N. (2017, February 19). This is based on the fact that any profit-maximizing team in any sporting activity is always a winning team. No serious paper, especially analysis one, can’t be done at the last minute. MR win – is the additional success to a team As noted, the number of star players in NBA is limited, therefore all the teams that participate in the NBA league cannot be adequately supplied with enough star players due to the current scarcity. From the graph, it can be deduced that the supply of star basketball players in the NBA league is small when compared with the demand. Hansen, H. &. (1989). This can be illustrated well with the aid of the supply and demand of players as shown below. Factors affecting attendance at professional sports events. Essays on Economics. All this is in line with the production function which emphasizes the performance. Hire writer now. In quantitative research, your analysis will be based on numbers. The first included source, which is titled “W.C.T.U. The wage premium given to star players in the NBA league can be best explained with the aid of marginal revenue product (MRP) the demand-supply model and the production function (Hansen & Gauthier 1989). This helps show the scarcity of the professional star basketball players and what the teams are ready to forego to acquire their services. Students who don’t know how to write a critical analysis paper should get ready to break down the whole into pieces and then study the part. 3 | Writing Economics THE THEORY OF INCENTIVES The theory of incentives posits that individual agents, firms, or people, make decisions by comparing costs and benefits. Equally, some people attend basketball games because a legendary player like LeBron James, Stephen Curry will be in action. In John Steinbeck’s novella, Of Mice and Men, having a dream helps the men by giving them hope and meaning.... As evidenced within the article, the World Health Organization as well as the US Department of Health and Human Services... Viktor Frankl’s book Man’s Search for Meaning describes his experiences in the Nazi concentration camp Auschwitz (Frankl 1985). However, be noted that star players, unlike the ordinary players, make a much greater contribution in ensuring any given team participating in the NBA league wins the league. Dawn Powers How to Write a Research Paper in Economics. The production function can be represented in the form of a production curve, whereby the output obtained a function of inputs. Critical analysis paper example is often a subjective writing performed to express the writer’s opinion about a book, a painting, an essay and etc. Use promo "samples20" and get a custom paper on "Economic Analysis" with 20% discount! In Figure 2, the supply and demand for star basketball players in the NBA league has been plotted on the same axis with the supply and demand of ordinary basketball players people attend games of this players. You should go deeper than just simple text writing. Where; supply When using the model, it assumed that the teams operating in the NBA league are in a competitive market. good economics writing will take the assumption of rational behavior as its starting point. (2016, 9 23). get expert help +12678000172. To determine the value of a player, the MRP can be amended so as to ensure the product is quantified in the form of wins. MRPP – is the marginal revenue product of a given player p players, You're lucky! According to this function, the output is a function of inputs. NBA teams can still pack in the fans, even if they don’t win. (2016, Apr 16). Therefore, the demand of players in the NBA league will be equal to the Marginal revenue product of players (DP = MRPP). checking for missing data, removing outliers, transforming variables) Which software you used to analyze the data (e.g. Research Essays; Rhetorical Essays; Satire Essays; Synthesis Essays; Show All; Admission Essays ; Haven`t found the right essay? Star teams scrambling for star players in the NBA has also influenced demand and movement of players from one team to the other. Many people make their decisions while dating while judging the physical beauty. McInerney, B. Whereby, marginal revenue product (MRP) is the extra income a given team will realize as a result of acquiring a new player. Δwins – is the additional number of wins attributable to a given player. SPSS, Stata or R) Which statistical tests you used (e.g. When costs or benefits – the constraints on choices – change, behavior may also change. These increases the demand for tickets hence increased revenue from the sale of tickets (Zillgitt, 2016). MRPP = MR win* Δ wins. NBA Players Market These experiences... Curfews for teens have been a source of controversy for some parents. From this fact it can be deduced that every firm which in this case are the teams in the NBA league are price takers since they have little or no control over the price of prayers since the price is determined by the supply and demand of players. Economic Analysis From the economic theory, it should be noted that star players are in high demand when compared to the ordinary players due to their ability to enhance superior team performance which attracts high levels of attendance, hence higher revenue streams. Motivation What Is An Economics Research Paper? In the methods section you might include: How you prepared the data before analyzing it (e.g. As you probably understand, it’s significantly more difficult to write a high-quality term paper rather than an ordinary essay, that’s why these economics research paper topics have to be complex and multifaceted. Retrieved from http://stats.nba.com/. As a result of the forces of demand and supply, the price (wage rate) of star players shifts so much higher than those of ordinary players. One must have a clear understanding of economics in order to fully understand the issues that are plaguing the world today. Order Now. To compensate them for their excellent performance, star players are often accorded a salary premium. From the economic theory, it should be noted that star players are in high demand when compared to the ordinary players due to their ability to enhance superior team performance which attracts high levels of attendance, hence higher revenue streams. Consequently, for one team in the NBA league to benefit from the services of a star player currently held by another group, it must offer better terms of service to the player than what is being offered to his current team in order to induce the movement of the players from one team to the other (Zillgitt 2016). NBA Stats. As illustrated below. In this situation, the hiring teams in the NBA league will aim at maximizing profit, whereby new acquisitions will not be made until the point where the marginal product of every player acquired, is equal to the marginal cost, which is in turn equal to the price of the player. Summary Reminders for Next Week Empirical Research Papers Example (Olken 2009): Question: Is there less … He goes into great... From essays to dissertations, we offer paper writing services of exquisite quality, in line with college and university standards. How Does One Write An Economics Research Paper? So, in this case, the output will be in the form of wins but not products (Deshpande & Jensen, 2016). All of this makes the market for star players high when compared to their supply, this makes it difficult to obtain the services star players at the same rate as that given to the ordinary players. 3(1), 15-32. This led to a small supply hired as Q2 and the wage rate to be as high as W2. NBA.com. You need to do some solid work that requires effort, time, and research. From the intersection of the supply and demand curves, it is noted that players are ready to offer their services at higher wages whereas teams are willing to request the services of players at low wages hence the pay rate is determined by the intersection of the two curves showing agreement. Contrary to star players, the supply of ordinary players is very high when compared to the demand, hence from the graph it can be noted that the equilibrium wage rate is very low whereas the equilibrium quantity is very large as shown by Q1 and W1 in the chart. More and more students nowadays are faced with the problem: How to write an economics paper. Than just simple text writing issues that are plaguing the world today sporting activity always! To be as high as W2 obtained a function of inputs illustrated well with the production function Which the. 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