Suggest how an economist would approach the problem of alcohol abuse Essay

Suggest how an economist would approach the problem of alcohol abuse - Essay Example Numerous examinations on this subject have been conducted by economist to determine the impact of the price of alcoholic beverages to alcohol consumption. Despite the varied nature of the researches conducted, the conclusion is common. That an increase in the price of alcoholic beverages results to a decline in drinking and heavy drinking, as well as the consequences of alcohol use and abuse. This is in direct relevance to the fundamental law of economics called the downward sloping demand curve. It states that, as the price of a product rises, the quantity demanded for that product decreases. Another way to curb the abuse of alcohol is the use of government policy. Economists have found that the most ignored policy of controlling alcohol abuse is the most effective and important (Chaplouka, Grossmann & Saffer, 2002). This is the raising of the taxes levied on all alcoholic beverages. The decline of federal, state and local taxes on alcoholic beverages over the years by considerably high margins is a show of ignorance to this policy. The effectiveness of this policy of this policy is due to the fact that the use and abuse of alcoholic beverages has been found to be sensitive to price. However, to address the matter with economical intellect the policy should be implemented after accounting for the effects of inflation. Prescription drugs fall under the industry of pharmaceuticals, which is funded in the country as part of Research and Development. In the recent past and the present this industry has been found to have very large costs of maintaining and they are always fixed. It is estimated that twenty percent of sales from research based pharmaceuticals has been devoted to research and development compared to four percent for other industries (Nebbit, 2000). This huge investment in relation to prescription drugs, therefore, results to high prices for these products. Since the products are essential for life, their consumption is fixed and may not be greatly

IS Strategic planning Essay Example | Topics and Well Written Essays - 3000 words

IS Strategic planning - Essay Example Heads of department from both faculties would meet together on a regular basis. Communications and report structures would become more collaborative, involving joint reports on key strategic partnerships. The cost savings of a single faculty office would not be achieved, but estimates suggested that the joint working proposed would be less costly than Plan A. Students and staff would experience no disruption under the new arrangements, although again potential developments in terms of new courses and research were envisaged. One potential hurdle was the increased levels of bureaucracy. Staff already moaned about the amount of paperwork and there was a danger of increasing the number of committees under the joint arrangements. Re-engineering will involve integration of latest technological aspects such as cloud computing features and components to the system to ensure that all long term institution’s technological needs and IT requirements are met. The applications which are given priority include database, data warehousing components that will enable the company to meet the short term IT strategies. The hardware and other support software are also given priority. The testing should be carried in two stages. First every system unit is thoroughly tested. This is done by exposing the prototype system to the users. The errors that will be realized are fixed before system integration. Another test will be performed after the different sub systems are integrated. Training will be conducted in phases. All the employees in different business units should fully understand the system and how it works. The security issues should also be dealt with during the training. The strengths, weaknesses, opportunities and threats identified for the Midchester University were provides a wide environment and covers the elements such as support systems for information technology, academic programs and the IT