Succinctly and clearly discuss the single most interesting idea or concept introduced in the text, and explain why exactly it is so compelling. Why should we care about this question? Thoroughly discuss what is missing from the text, or how it could be improved.

/in /by

Reaction Paper

1. Correctly and clearly describe what the text is about. This is a 3-4 sentence summary of the main questions, goals, methods, and conclusions of the text.
2. Succinctly and clearly discuss the single most interesting idea or concept introduced in the text, and explain why exactly it is so compelling. Why should we care about this question?
3. Thoroughly discuss what is missing from the text, or how it could be improved. In the first case, the student explains exactly why this missing piece is important and how it

What is the book about and its main lesson. What is your favorite chapter and why? What is your least favorite chapter and why?

/in /by

Book Review

The book is called “Depression, War and Cold War Challenging the Myths of Conflict and Prosperity” by Robert Higgs. The review must be divided in the following sections:
1. Introduction: What is the book about and its main lesson
2. What is your favorite chapter and why?
3. What is your least favorite chapter and why?
4. Current events applications

Calculate the consumer surplus, producer surplus, and total surplus both before a price floor is established and after a price, the floor is enacted. Demonstrate an understanding of the impact on the entire economy, based on any changes in taxes required, if the government is to purchase any extra product that is not sold to consumers.

/in /by

Financial position of a sellers

In a perfectly competitive market, the equilibrium price and quantity represent the most efficient operation of that market. Optimum efficiency means that 1) sellers cannot be made better off without, at the same time, making buyers worse off, and 2) that buyers cannot be made better off, without making the sellers worse off. This assignment presents a scenario in which a government tries to improve the financial position of the sellers, in such a perfectly competitive market, by instituting a legal price floor that is significantly above the equilibrium price. A price floor is the lowest price for which a seller can legally sell the product.

You will focus on calculating the consumer surplus, producer surplus, and total surplus both before a price floor is established and after a price, the floor is enacted. You will also demonstrate an understanding of the impact on the entire economy, based on any changes in taxes required, if the government is to purchase any extra product that is not sold to consumers.

Define and calculate the remaining six major cost elements of a business, when given the total costs and the quantity produced. Clearly explain how the average total cost of a new output level is affected by its share of fixed costs and variable costs.

/in /by

Major cost elements of a business

In this assignment, you will define and calculate the remaining six major cost elements of a business, when given the total costs and the quantity produced. You will also use the computed costs to determine a minimum cost output level for that business. Finally, you will clearly explain how the average total cost of a new output level is affected by its share of fixed costs and variable costs.

How much is spent on health care in the United States annually? What is the basic structure of our system and how does it compare to other industrialized nations in terms of outcomes and costs? What are some unique challenges that health care presents from a consumer standpoint?

/in /by

Market Focus: Healthcare in the United States

One of the most critical and hotly debated industries in the United States is healthcare. For this paper, you will examine the state of health care in the United States. As a starting point, you should read chapter 24 of the text and then after conducting your own research (5 additional sources minimum) write a 2-3 page paper that examines the following aspects of health care in the United States:

1. How much is spent on health care in the United States annually?

2. What is the basic structure of our system and how does it compare to other industrialized nations in terms of outcomes (be certain to identify what parameters you are using as a metric) and costs?

3. What are some unique challenges that health care presents from a consumer standpoint?

4. What have been some interventions by the government to make healthcare more accessible and affordable to the public and what have been the outcomes?

5. Do you think that the Singapore model could be replicated here? Why or why not?

6. What impact do you think the Covid-19 outbreak of 2020 have on healthcare delivery (move to single payer) in the United States?

Plot the real GDP for the country over time and add an exponential trend line with its equation, which reflects the potential GDP. Analyze briefly your graph highlighting periods of recession and expansions, as well as finding the long run economic growth rate.

/in /by

Excel Assignment

Guidelines
1. The assignment can be submitted in groups of maximum TWO students. You can also work individually if you choose to.
2. Each group will be assigned a different country to work with.
3. It is emphatically not allowed to discuss or share anything regarding this assignment with another group. If you need help with Excel or finding data for your country, you can refer to plenty of YouTube tutorials or your instructor as last resort.
4. You need to submit a report that contains the graphs and analysis (TWO pages maximum) and one Excel file as an Appendix that contains all your data. You need to clearly mention in your report the names of your group, section number, as well as the data sources that you used for each economic variable.
5. The deadline for this assignment is May 8th (section 77) and May 9th (section 78) during class time.
6. READ ALL these guidelines very carefully and make sure you understand what to do before starting your assignment.

Tasks
For all the tasks below only use quarterly or yearly data for at least 30 years.

1. (2 marks) Plot the real GDP for the country over time and add an exponential trend line with its equation, which reflects the potential GDP. Analyze briefly your graph highlighting periods of recession and expansions, as well as finding the long run economic growth rate.

2. (2 marks) Use real (or constant prices) household Consumption (C), private investment (I) and your data on real GDP (Y). Plot on the same diagram the following relationships:
C = a + b*Y
I = m + n*Y
where (a, b, m, n) are constants to be estimated.

HINTS:
The frequency of the data for C, I, and Y must be the same (e.g., quarterly or yearly), and that you need to use constant prices of the same year for both
variables (e.g., Consumption and GDP, at constant prices of 2005, or 100=2005, or any other year available). b is the marginal propensity to consume (MPC)

3. (1 mark) Assume anything else is constant, find the multiplier (K) for the chosen economy

Assume you have an investment, which provides between 6% and 11% interest compounded annually, and you want to purchase your desired item in 15 years. What is the present value? In other words, how much money do you need to invest today?

/in /by

Exponents and Polynomials in the Real World

The use of complex math, including exponents, is instrumental in many fields. Exponents are used in scientific, financial, and economic applications. Such math is also used to solve problems and make predictions in your personal life as well. One important formula that requires the understanding of exponents is the present value formula. Present value, PV, is a widely used formula that calculates the present day value of an amount that is received at a future date.

The Present Value Formula is PV = FV/〖(1+r)〗^n ,where PV is the present value that will amount to FV dollars in n years at interest rate r compounded annually.

For the initial post, think of something you want or need that has a future cost between $5,000 and $90,0000. For example, maybe you want to save up for your child’s college education or maybe you want to save for a cabin on the lake. Assume you have an investment, which provides between 6% and 11% interest compounded annually, and you want to purchase your desired item in 15 years. What is the present value? In other words, how much money do you need to invest today?

Include the following in your discussion:

State the FV or cost of the desired item in n = 15 years.

State he interest rate, r, you will earn on your investment (use an annual rate between 6% and 11%).

Set up the formula and solve for the present value, PV, showing all work.

Write an analysis of a World Trade Organisation Trade Policy Review of a country/region of your choice. Support your analysis with relevant literature, theory and statistics.

/in /by

Analysis of a World Trade Organisation Trade Policy Review

Write an analysis of a World Trade Organisation Trade Policy Review of a country/region of your choice. You can select any review from the following list;

You should support your analysis with relevant literature, theory and statistics.

Instructions

The word limit is 2000 words. The word limit includes footnotes but excludes front and end matter (e.g. bibliographies, appendices and title page). You should also use appropriate referencing. Format your submission as an academic article.

Essay marking scheme

Introduction: motivate the topic; explain the problem in your own words; outline how you plan to structure your answer (10%)

Theory: critically evaluate different theoretical approaches (40%)

Application of theory: apply the theory to real world situations (20%)

Conclusions (10%)

Presentation, structure and clarity of written work (10%)

Quality of the bibliography and written work (10%)

What does it mean for the financial system to contain banks deemed as too-big-to-fail? Discuss in the context of the 2007/08 global financial crisis and its aftermath.

/in /by

Contemporary Issues in Finance

 

What does it mean for the financial system to contain banks deemed as too-big-to-fail? Discuss in the context of the 2007/08 global financial crisis and its aftermath.

Describe the production function for an airline transportation system. What variables are included in your equation and why?

/in /by

Discussion: Airline Transportation System
For this discussion activity, describe the production function for an airline transportation system. What variables are included in your equation and why?