Compare the dynamics of economic activity in a Short Run and Long Run. Compare and contrast Physical Capital and Human Capital.

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Macro Economics

  • Compare the dynamics of economic activity in a Short Run and Long Run
  • Compare and contrast Physical Capital and Human Capital.

8.2 Action Required:

Read the article by using the following link: http://www.newyorkfed.org/research/epr/01v07n1/0103stir.pdf

8.3 Test your Knowledge (Question):

Explain Productivity and Human Capital and Physical Capital

8.4 Instructions

Answer the given question in your own word and it should be less than 100 words.

 

Select an Eastern European country that belongs to the European Union. Discuss the economic trade policies would you implement to continue the economic rise of the country you analyzed?

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Trade Policies for the Developing Nations

International trade provides benefits to a country’s producers and consumers. However, some economists warn that developing countries are disadvantaged by the current international trading system.

  1. Select an Eastern European country that belongs to the European Union (Bulgaria, Czechia, Hungary, Poland, Romania, Slovakia, Slovenia).
  2. Provide the most recent economic data for that country, then discuss how membership in the European Union affected the economic conditions in the past 10 years in the country you selected.
  3. Discuss the economic trade policies would you implement to continue the economic rise of the country you analyzed?

 

What are the three eras regarding the history of human population growth, and what are the characteristics of each era? According to Galor and Weil (2000), what are the major economic forces that drive the transition from a Malthusian economy to a modern growth economy?

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1 Agricultural Development and 2 Demographic Transition and the Quantity-Quality Tradeoff Theory

Select six countries – three high-income countries and three low-income countries. For each country, find data on the employment share of agriculture; include as many years as possible. Draw two figures to show the employment share of agriculture of these countries for the time period in your sample: One figure for data of the three high-income countries, and the other for the three low-income countries. Label each curve clearly. (2 marks)

For the same six countries as in Part (a), find data on agriculture value added per worker (i.e., labor productivity in agriculture); include as many years as possible. Draw two figures to show the agriculture value added per worker of these countries for the time period in your sample: one figure for data of the three high-income countries, and the other for the three low-income countries. Label each curve clearly. (2 marks)

Compare the agricultural employment share and agricultural labor productivity, both the level and the trend, between the two groups of countries in Part (a) and (b) (i.e., high-income vs. low-income countries). What can you tell about the differences? (2 marks)

One theory explains the low agricultural labor productivity in low-income countries with high transport cost (Gollin and Rogerson, 2014). Use a 2-region – 2-sector economy model to explain why high transport costs may lower labor productivity. (2 marks)

Part (a):

Download data from the World Bank website following the link: https://data.worldbank.org. Search “Employment in agriculture (% of total employment)” (for Part a) and “Agriculture, forestry, and fishing, value added per worker” (for Part

b). In the new window that appears, under “Download”, click “CSV” or “EXCEL” to download the data.

Draw the figures as required using Excel. Use the horizontal axis to indicate the year and the vertical axis for the variables of interest. For each figure, add a legend to show which country each curve represents.

Demographic Transition and the Quantity-Quality Tradeoff Theory (7 marks)

What are the three eras regarding the history of human population growth, and what are the characteristics of each era? According to Galor and Weil (2000), what are the major economic forces that drive the transition from a Malthusian economy to a modern growth economy? (2 marks)

Choose five high-income countries and five low-income countries. For each country, find data on average years of schooling and the total fertility rate (TFR) in year 2015. (3 marks)

What differences can you tell between high- and low-income countries regarding education level and fertility rates from Part (b)? Use Quantity-Quality Tradeoff theory to explain the differences. (2 marks)

Part (b):

Download education data (average years of schooling) from Barro-Lee dataset: http://www.barrolee.com. Click “Barro-Lee Data (1950-2015)” under “2021 September Update: Barro-Lee Estimates of Educational Attainment for the Population Aged 15-64 from 1950 to 2015”, which is the most updated data. On the new webpage that appears, go to “Education Attainment for Population Aged 25–64” and download the excel file under “Total population”.

Pick the data for five high-income and five low-income countries in 2015 as asked.

Download fertility rate data from the World Bank website: https://data.worldbank.org. Search “Fertility rate, total (births per woman)”. Download the excel file of data and choose the same ten countries as in Step 1.

Present your data in a table as below (add rows as needed):

high-income countries low-income countries

country yrs of schooling TFR country yrs of schooling TFR

 

How did the AD/AS equilibrium change over time? Select an economic factor (GDP, unemployment, price level) and explain what impact any shifts in AD or AS (or both) had on your chosen factor.

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Aggregate Demand and Supply

Between 2007 and 2009, the United States experienced a severe financial crisis and economic downturn commonly known as the Great Recession. Starting in 2006, housing values fell 30%, causing losses in mortgage-backed securities for families and financial institutions. The recession was marked by a drop in aggregate demand that caused a decline in GDP and an increase in unemployment.

In your initial post, draw or find an example of an aggregate demand and aggregate supply (AD/AS) model that illustrates the general trends of the U.S. economy during the Great Recession. (The example may be from your own research or from the textbook.)

In addition to your image, provide a response to the following:

How did the AD/AS equilibrium change over time? Support your claims by referring to your AD/AS model.

Select an economic factor (GDP, unemployment, price level) and explain what impact any shifts in AD or AS (or both) had on your chosen factor.

 

Discuss Saudi Arabia’s participation in the World Trade Organization. Compare and contrast the Kingdom’s WTO involvement with its participation in the Gulf Cooperation Council, League of Arab States, and the Trade and Investment Framework Agreement (TIFA) Saudi Arabia signed with the United States.

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International trade

International trade is subject to trade regulations and industrial policies. The Kingdom of Saudi Arabia is also subject to these regulations because of signed trade treaties or membership in various trade organizations. For this week’s discussion, please:

Discuss Saudi Arabia’s participation in the World Trade Organization .

Then, compare and contrast the Kingdom’s WTO involvement with its participation in the Gulf Cooperation Council, League of Arab States, and the Trade and Investment Framework Agreement (TIFA) Saudi Arabia signed with the United States.

Which membership or trade agreement benefits Saudi Arabia the most?

Explain your position.

Directions:

Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly peer reviewed reference in supporting your answer unless the discussion calls for more. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references.

Use Saudi Electronic University academic writing standards and APA style guidelines.

 

What theme or idea is most dominant in the film When the Levees Broke” by Spike Lee? Support your position using information from the film, class discussions and discussions online in canvas. What content, information, details, subject matter and perspectives, etc. from the text, and from your own perspective support your position?

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Economics and Religion

English 101 Prompt 1

PROMPT: What theme or idea is most dominant in the film When the Levees Broke” by Spike Lee? Support your position using information from the film, class discussions and discussions online in canvas. What content, information, details, subject matter and perspectives, etc. from the text, and from your own perspective support your position?

You can explore how the creator’s intentions directly or indirectly relate to the dominant theme or idea you select for your paper . Outside research might be necessary for some of you, but for now, it’s not required. Later we will spend some time working on how to incorporate outside scholarly works in your essay.

Use proper MLA format for essay layout, citations and works cited. We will review MLA formatting together as well.

TIP: Go to the English Center and work with Claudia early! All you need is the prompt. You can simply brainstorm ideas with a tutor or our course SI, Claudia. Trust me, the effort is worth your time and your final grade in the course,

 

In Riyadh City Road traffic congestion is increasing day by day. As an economist how you see this problem? Suggest and explain an economist’s solution to this problem.

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Microeconomics (ECON101)

  • Deadline for students: (3/10/2022@ 23:59)
  • Course Name: Microeconomics
  • Student’s Name:
  • Course Code: ECON101 Student’s ID Number:
  • Semester: 1 CRN:
  • Academic Year: 2022-23 SEM-1
  • For Instructor’s Use only
  • Instructor’s Name:
  • Students’ Grade: /10 Level of Marks: High/Middle/Low

Instructions – READ THEM CAREFULLY

⦁ This assignment is an individual assignment.

⦁ The Assignment must be submitted only in WORD format via the allocated folder.

⦁ Assignments submitted through email will not be accepted.

⦁ Students are advised to make their work clear and well presented. This also includes filling in your information on the cover page.

⦁ Students must mention question numbers clearly in their answers.

⦁ Late submitted assignments will NOT be entertained.

⦁ Avoid plagiarism; the work should be in your own words; copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.

⦁ All answered must be typed using Times New Roman font. No pictures containing text will be accepted and will be considered plagiarism).

Submissions without this cover page will NOT be accepted.

Assignment Questions:

Q1. In Riyadh City Road traffic congestion is increasing day by day. As an economist how you see this problem? Suggest and explain an economist’s solution to this problem.

Q2. What is opportunity cost? Draw a Production Possibility curve for a country producing two goods and show with help of an example, how principle of opportunity is applied in explaining the changes in production possibilities for the country.

Q3. What is market equilibrium? Take an example of pizza and analyse graphically, what happens to the equilibrium price and quantity when, (a) there is increase in demand and (b) there is increase in supply.

 

At a quantity of 265 units marginal revenue equals marginal cost. Fixed costis $2,500, the Total Variable cost is $9,500, and the total revenue is $11,000. Calculate the average fixed cost, average variable cost, average total cost and marginal revenue. Should the company shut down or stay in business in the short run? In the long run?

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Intro Inclass/HW Set: Perfect Competition F22

Q1: Fill in the Blanks. Assume the fixed cost is $200. Product price is $130.

Output Variable

Cost

Total

Cost

AFC AVC ATC Marginal

Cost

Total

Revenue

MR Profit

1 $100 300 200 130

2 $150 350 100 260

3 $210 410 200 390

4 $300 500 200 520

5 $430 630 200 650

6 $600 800 200 780

7 $819 1019 200 910

Q2: Fill in the Blanks. Assume the fixed cost is $500. Product Price is $300

Output Variable

Cost

Total

Cost

AFC AVC ATC Marginal

Cost

Total

Revenue

MR Profit

1 200

2 300

3 450

4 650

5 900

6 1200

7 1550

Q3: When Marginal Revenue is greater than Marginal Cost you should produceoutput to maximize profit. When Marginal Revenue is less than Marginal Cost you should produce output to maximize profit.

Q4: At a quantity of 265 units marginal revenue equals marginal cost. Fixed cost is $2,500, the Total Variable cost is $9,500, and the total revenue is $11,000. Calculate the average fixed cost, average variable cost, average total cost and marginal revenue. Should the company shut down or stay in business in the short run? In the long run?

Q5: When the Price is greater than Average Total Cost the firm is making? When the price is less than Average Total Cost the firm is making?

Q6: Using the graph below, determine the quantity of output to produce to maximize profit. Additionally, calculate total revenue, total cost, and total profit at the determined output quantity.

 

Write an Integrative Summary that ties all the papers together and demonstrate how they address a narrow topic. For example, How Pharmacies in England resisted resisted laws to limit the free distribution of addictive opium during the 19th Century.

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Seven short papers

Your term project is an integrative summary of seven short papers.

Each paper that you read must be at least three pages long. For example, if you read a newspaper article that in only 2 pages long, it will not count as one of your papers.

For each paper that you read, you must summarize the paper in approximately one page, but usually about 3/4 page.

Each paper that you read must be preceded by a bibliographical citation.

After summarizing all the papers, you must write an Integrative Summary that ties all the papers together and demonstrate how they address a narrow topic. For example, How Pharmacies in England resisted resisted laws to limit the free distribution of addictive opium during the 19th Century.

These papers may be from the academic literature or current news on drug controls, the drug war, history of illicit or psychoactive drugs or drug policies from anywhere in the world. You may select articles from journal articles or working papers on Drug Policies, Economic Analysis, Economic Historical Analysis, Medical History, Scientific Analysis, International Diplomacy, and Social and Philosophical Analysis.

 

Finally, the documents you cite must include research papers, magazine articles, newspaper article or government policy documents published during the last 10 years.

Your bibliography topic must be narrow and specific. You cannot select papers that address the War on Drugs in general. An example of an acceptable topic could be “The Medellin Cartel: It’s Rise and Fall” or Comparing the Methods of Pablo Escobar and Other Drug Gangs or How the Dutch Profited from the Trade in Opium and Why and When they Ceased to Trade in Opium

 

The bibliographical selection may address topics from the examples listed below or other topics that you may select:

  • Comparative international policies
  • Historical analysis of policies in different countries
  • Socio-Economic analysis of drug policies
  • Social and Psychological Issues of Drug Use and Policies
  • The Politics and Economics the War on Drugs
  • International Drug Cartels and their Activities / Violence and Corruption
  • European colonialism and the drug trade in history
  • Foreign Trade and the Histochory of Drugs (Opium and Cocaine)

 

What were the real reasons that coca was taken out of Coca Cola? Do these reasons mean that cocaine was not or is not harmful?

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Reflect on two documents: (To receive full credit, you must respond and comment on two other students)

  • (1) Why we Took Coca Out of Coca-Cola
  • (2) Cocaine out of Coca-Cola_Blacks

Questions:

What were the real reasons that coca was taken out of Coca Cola?

Do these reasons mean that cocaine was not or is not harmful?

How then could you still justify the prohibition of Cocaine by the government of the USA.