For my session long project of Microeconomics, I have chosen to follow and examine the
Pharmaceutical Company known as Pfizer. Pfizer ranks # 40 on the 2012 fortune 500 list. Thus far, Pfizer’s total revenues in 2012 were approximately $ 67,932.0 million dollars. I truly believe that this particular company is in an extremely interesting point of focus due to the very nature of its existence, which is to research and develop drugs that would cure disease, and prolong life. I was also curious to explore the effects of “Affordable Health Care,” on this very industry…with
“Obamacare’s” immediate and impending prologue to our very near and inescapable future. There are a number of issues that influence and impact growth and development of this pharmaceutical company. Just as many other businesses have been impacted by the deteriorating global economy, there are numerous issues that directly effect, and continue to threaten Pfizer and the patients, that rely on their products, on a daily basis. Due to the staggering rates of unemployment, and steep increases in co-payments, patients are willing to “cut-corners” in all aspects of their lives including health care and preventative treatment. These patients will now turn to generic brands of medication, which may or may not be as effective in treating their medical conditions. Another means of conserving their finances would be skipping doses of necessary medications, delaying trips to their physicians, and turning to much less effective forms of treatment in order to reduce costs. Another factor that directly effects Pfizer is the alarming number of the general population that has been forced to turn to
Medicaid for medical aid and assistance.
In order to cut costs for the government, Medicaide programs limit its patients access to
“Brand Name” prescriptions. This practice is known as “Academic Detailing” and is, in essence, a conflict of interest. You see, in the practice of “Academic Detailing,” The government insists and may even go as far as guaranteeing a patients right to quality health care and pharmaceutical products, however, the conflict lies in the Government’s demanding of the absolute cheapest, or lowest possible cost. By implementing President Obama’s “Affordable Health Care Act,” it seems that all major pharmaceutical companies would benefit favorably. It has been estimated, over the duration of a ten year period, Pfizer alone would reap an increase of profits in the amounts of 10 to 35 million dollars. So what exactly does Pfizer do? Through research and development, they facilitate a demand to the general population. All phases of human life, from infancy to adults, not excluding the retirement- aged population does in fact benefit from their products. An interesting factor in
“supply and demand,” and how it factors into Pfizer’s
exposed to bonds market and derivatives and immediately found interested in these debt securities. The enthusiam impulsed me to dig deeper in this field. I decided to initiate a project for the translation of a well-known book on bonds namely Bond Markets, Analysis and Strategies written by Frank J. Fabozzi. The project received the encouragement and sponsorship from professor Le Trung Thanh, former Vice Dean of Securities Market Falcuty. The translation of this highly academic book was really painstaking…
the central bank domestic, foreign and domestic GDP have a stable long-term relationship exists between them and shows a significant positive correlation. Therefore, by the expansion and contraction of the central bank balance sheet to promote macroeconomic development is a viable long-term policy tool 1. Domestic and international asset size of the central bank in a certain significant level of GDP reasons. This indicates that the central bank's monetary policy and Non-passive with the fluctuations…
middle class doubled from 9.3 million to 18.6 million (equivalent to 45 % of the population). Strategy The World Bank is currently working with the Argentinean government in developing a new Country Partnership Strategy (CPS). Currently, active projects address three key areas: Sustainable growth with equity Social inclusion Improved governance This can then be divided into further into Upgrade infrastructure to address potential bottlenecks to competitiveness and to underpin medium-term…
SIX DEBATES over MACROECONOMIC POLICY SIX DEBATES over MACROECONOMIC POLICY ISSUES | YES | NO | 1. Whether or not monetary and fiscal policymakers should try to stabilize the economy | Advocates of active monetary and fiscal policy view the economy as inherently unstable and believe that policy can manage aggregate demand, and thereby, production and employment, to offset the inherent instability. When aggregate demand is inadequate to ensure full employment, policymakers should boost…
determine how much above or below they want to change their prices in line with inflation (to provide their valued customers with low utility rates or raise capital for future projects). Forecasting interest rates can also be very helpful. Avista can determine the best possible time from them to borrow money for new projects (this will allow them to set aside enough capital). Forecasting GDP growth or decline can also benefit Avista, it will allow the company to see if they will need to provide more…
Fundamentals of Macroeconomics ECO/372 01/02/2012 Introduction The fundamentals of macroeconomics have many key terms that will help you gain a better understanding of the activities involved in economics. These activities affect government, households, and business that impact our economy and shape our society. The first term is gross domestic product (GDP), which is an indicator of a country’s standard of living. GDP is the…
Intermediate Accounting Kieso 15th Edition Test Bank Click here to download the solutions manual / test bank INSTANTLY!!! http://www.solutionsmanualtestbanks.com/2013/05/intermediate-acc ounting-kieso-15th-edition-test-bank.html Intermediate Intermediate Intermediate Intermediate Accounting Accounting Accounting Accounting Kieso Kieso Kieso Kieso 15th Edition Test Bank 15th Edition Test Bank Weygandt Warfield 15th Edition Test Bank Weygandt Warfield 15th Edition Test Bank…
A free market is a market system in which the prices for goods and services are set freely by consent between sellers and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority. Benefits of free markets: 1. Economic efficiency: profits aim to maximise profits (by increasing level of output and decreasing level of input). Competition ensures that firms use the least cost and most economic methods of…
systems have been in the grip of the worst financial crisis since the depression era of the late 1920s. Major Banks in the U.S., the U.K. and Europe have collapsed and been bailed out by state aid”. (Valdez and Molyneux, 2010) Identify the main macroeconomic and microeconomic causes that resulted in the above-mentioned crisis and make an assessment of the success or otherwise of the actions taken by the U.K government to resolve the problem. By Alistair Walters – A913910 1 Five years…
government can create policies that can adjust the taxes which will influence how the consumers will spend money and increase consumption expenditures. Objectives In week two we discussed the two types of economics and also the development of macroeconomics. We also covered other topics such as fiscal policy and the two different types of fiscal policies, which are expansionary fiscal policy and contractionary fiscal policy. Rebecca mentioned that the most important aspects she learned is gross…