Housing Bubbles in Metropolises in China Introduction The boom of house market has emerged accompanying with the soaring development of Chinese economy over the last two decades. Although the prosperity of real estate sector makes contributions to the growth of national fiscal revenue and Gross Domestic Product‚ it also raises a serious problem --- housing bubbles‚ defined as the housing prices deviate too much from its fundamental value (Flood and Hodrick‚ 1900)‚ especially in metropolitan
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This occurs when market prices are set differently to different buyers‚ according to the willingness of each buyer to pay (demand curve) rather than setting a uniform price. It can be seen in the image below how if the seller kept the uniform price of Africa’s willingness to pay‚ the seller would lose a large amount of profit from Europe. For price discrimination to be successful there needs to be three market conditions that exists. First is the seller must have market power. Market power is the
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such as firm objectives. External factors can’t be controlled by firms so the firm can’t do anything to change it. Different firms are running in different markets and market structures can be classified into two main types‚ perfect competition and imperfect competition which include monopoly‚ monopolistic competition and oligopoly. Market structure is thus an external factor because it is not determined by the firm. P AC MC MR P2 D=MR=AR P1
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Supply and Demand Simulation MACRO AND MICROECONOMICS Two principles of macroeconomics are local income and housing market growth in the town of Atlantis. I chose these because if the people of Atlantis’ have low income‚ they will not be able to pay for apartments in the area that have high rent. This would hinder the housing and apartment complex growth in the area because there would be no economic support. Two principles of microeconomics are the choice to rent an apartment or buy a
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Concept of housing affordability Affordable housing is a basic right. It includes rental and home purchase opportunities. Other features of affordable housing include it is well built‚ located close to transport‚ shops‚ hospitals and community services‚ as well as suited to its residents. Housing affordability can be viewed from three different perspectives: The affordability for renters; The affordability for would-be home owners; The affordability for existing homeowners
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Renewable energy is a microeconomics situation‚ it’s thriving for different type of business‚ and it’s becoming a substantial topic in the United States. Renewable energy is any energy that its source is naturally replenished‚ which is solar‚ wind‚ geothermal or hydroelectric action. There’s another type of source called fossil fuel which is coal‚ oil‚ or gas there are nonrenewable source. Fossil fuels provide energy at a lower cost than renewable energy‚ but fossil fuel is the largest source of
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Metropolitan Housing Project Company Short Background of the Case Metropolitan Housing Project Company (MHPC) was formed in 1982 to develop real estate properties for sale to the public. Their first project is the development of real estate property in Lagunaville‚ Laguna‚ which is found near the University of the Philippines campus in College‚ Laguna. Mr. Roy Roxas‚ the Project Manager since 1987‚ prepared a 3-year plan for the period of 1989-1991. Problem Statement On March 1987‚ when Mr
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FINANCING OF URBAN HOUSING IN Bangladesh Problems and Prospects of Public Private Partnership (PPP) Abul Baker Md. Touhid Senior Assistant Chief‚ Physical Infrastructure Division Planning Commission Sher-e-Bangla Nagar‚ Dhaka‚ Bangladesh. 1. Introduction 1.1 Background Bangladesh is one of the populous countries in the world. It has a population of around 144.50 million on only 147‚570 sq km land. Per capita income estimated at current price in the country is only US$ 848 (Bangladesh
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differences between microeconomics and macroeconomics‚ although‚ at times‚ it may be hard to separate the functions of the two. Microeconomics and macroeconomics are the two major categories within the field of economics. Microeconomics is the branch of economy‚ especially such topics as markets‚ prices‚ industries‚ demand‚ and supply. Microeconomic concentrates on the difficulties of the markets for services and goods‚ and how the price affects the growth of the markets (Microeconomics 2000-2010). Microeconomics
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Transitional Housing Support Kaplan University CM-220 Unit 6 Rough Draft Project The State of Hawaii is and has been battling one of the worst drug problems of its time. “ICE‚”‚ as it is called‚ is so widely used by people of all ages‚ ethnicities‚ and of every income level. It so common that many people can’t distinguish between user and non-user. Drug abuse is so widespread that it is a contributing factor of the crime rise in Hawaii. Domestic violence
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