Analyse the recent rise in the oil price and its longer-term outlook using supply and demand analysis. support with Diagrams and current trends. theories to to back.

Economics

COP 26 suggested a move away from fossil fuels. Analyse the recent rise in the oil price and its longer-term outlook using supply and demand analysis. support with Diagrams and current trends. theories to to back.

In the article below, two economists argue that Government intervention would be helpful. What do you think about this in general? And, specifically, do you think our University was right in closing the campus and offering remote classes only? If so, why?

Should Government Intervene to Help Colleges Hit by the Pandemic?

Colleges Are Fueling the Pandemic in a Classic Market Failure. They face an existential crisis without the revenue from students on campus (room and board fees, event fees, tuition in some cases).

In the article below, two economists argue that Government intervention would be helpful. What do you think about this in general?

And, specifically, do you think our University was right in closing the campus and offering remote classes only? If so, why?

https://urldefense.com/v3/__https://www.nytimes.com/2020/10/08/business/colleges-pandemic-market-failure.html?smid=em-share__;!!MLMg-p0Z!XdwiLXUBspOLNxSJC46MIZR-SWH1YpjnEGmZuNwFnl5UN-qPFpGJUQ8nPSwyy0c$

What do you think about this in general? And, specifically, do you think University of Sasketchwan was right in closing the campus and offering remote classes only? If so, why?

Should Government Intervene in Classic Market Failure Facing Colleges as a result of the Pandemic?

Read the article that is attached to this document and also linked below and respond to the questions below with a 1-2 page essay, providing concise arguments for he merits of your position. BE SURE to include supporting market data for your position, if applicable.

Colleges Are Fueling the Pandemic in a Classic Market Failure: colleges face an existential crisis without the revenue from students on campus (room and board fees, event fees, tuition in some cases). Two economists argue that Government intervention would be helpful.

What do you think about this in general?

And, specifically, do you think University of Sasketchwan was right in closing the campus and offering remote classes only? If so, why?

https://urldefense.com/v3/__https://www.nytimes.com/2020/10/08/business/colleges-pandemic-market-failure.html?smid=em-share__;!!MLMg-p0Z!XdwiLXUBspOLNxSJC46MIZR-SWH1YpjnEGmZuNwFnl5UN-qPFpGJUQ8nPSwyy0c$

Is there a tradeoff between equity and efficiency? If so, what’s more important: equity or efficiency? How equitable and efficient is the US economy? Is the Gini coefficient a good measure of economic inequality?

Students should post a short, relevant essay related to that week’s material: it should open with a thesis, briefly defend that thesis, and have a useful title. You may write an essay about anything related to this week’s material, so you do not need to respond one of my prompts. If your post does originate as an answer to one of my questions, write it as a standalone essay (i.e. leave out the question that motivated it). You are encouraged to link to relevant articles or videos from outside of class. Please respond to your peers’ posts by either agreeing or disagreeing with them while presenting a new idea, anecdote, or data point. Disagreement is fine, but do so respectfully and remember we’re discussing ideas not people.

Possible prompt: Is there a tradeoff between equity and efficiency? If so, what’s more important: equity or efficiency? How equitable and efficient is the US economy? Is the Gini coefficient a good measure of economic inequality? What aspects of inequality does it miss? How and why does income inequality vary across cities, state, or countries? Has income inequality in the US changed over time? How do governments and families affect economic inequality? What are the costs or benefits to redistribution? What sorts of policies could redistribute the surplus and increase efficiency in the US?

Choose an example of a government intervention into markets that you are familiar with. Describe the intervention and give arguments for and against the intervention.

Memo

Choose an example of a government intervention into markets that you are familiar with. In this memo, you will be asked to describe the intervention and give arguments for and against the intervention.

Imagine you work as an advisor for the Minister of Economic Affairs for the country in which this intervention occurs. The Minister has asked you to draft a memo explaining the nature of the government intervention and explain its pros, cons, and distributional consequences. You should address the following question in your memo:

1. In opposing the market intervention, start from the proposition that the market in question meets the textbook definition of a competitive market. Explain why this intervention is likely to be harmful under these assumptions (even if you think that the market is far from the competitive ideal).

2. In supporting the market intervention, you should use the economic rationale for public intervention in the market. Give the best possible justification you can based on the economics (as opposed to politics) of the question, even if you don’t support the intervention. You can also describe noneconomic reasons why the policy is desirable, but this cannot come instead of the economic rationale.

3. Describe the distributional implications of the policy. Who gains and who loses? In your answer consider the economic incidence of the public intervention. For the purpose of this memo, imagine that the Minister of Economic Affairs has a PhD in economics and your answer should use language that reflects this level of knowledge. However, the Minister likes her memos written clearly and in plain English. Further, the Minister insists that memos shouldn’t be one sided and that each memo should at least attempt to explain the pros and cons of a policy. My advice: your safest bet is to use the concepts and tools you studied in this course to evaluate the merits of the policy rather than your general knowledge, your opinions, or journalistic reports on the topic.

The Minister has limited time to read briefings. Your memo should be no longer than two A4 pages using a 12point font, 1.5 line spacing, and margins of one inch on all sides. Good design of the memo and clear writing will also make it easier for her to absorb (and go towards your grade). A good memo doesn’t need to refer to any external sources, but if you do so, cite these sources. References don’t count toward the 2page limit.

Identify which of the following statements are good descriptions of the conditions that exist under market equilibrium.

10 Exam Questions

Question 1 10 pts
Identify which of the following described scenarios involve a firm acting in such a way as to incur opportunity costs. Select any/all such scenarios.

  • A firm is considering which of up to 4 attractive new market segments to enters and has decided to enter markets #2 and #3 because they offer the most overall revenue.
  • A firm is preparing a depreciation schedule for costs that have already been incurred to pursue an opportunity in order to accurately account for its return on investment,
  • A firm has taken stock of the costs on its income statement for the purpose of conducting a break-even analysis, and now needs to estimate the break-even quantity.
  • A firm holds a number of capital goods and assets with potential productive value, but has not yet identified any opportunities for their use so has chosen to keep them idle.

Question 2 10 pts
Identify which of the following statements are good descriptions of the conditions that exist under market equilibrium. Select anyiall statements that are accurate.

  • When a market is in equilibrium, everyone who wants to obtain a good will necessarily be able to buy it
  • When a market is in equilibrium, every firm in the industry is earning equal overall profit margins
  • When a market is in equilibrium, prices reflect the maximum people are willing to pay for a good
  • When a market is in equilibrium, the number of units bought and units offered for sale are equal

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?

Reaction paper 2: Julie Nelson — Gender and Caring

The paper must be APA formatted. It must be 3 paragraphs long.
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, provide his/her own suggestions for improvement. Keep in mind that the critique should be based on the context of the goals of the paper!

What assumptions, conditions and premises were important for the results? Strengths and weaknesses in the analysis? What have you done / not done – what could further research do?

National economics and statistics

We are studying national economics and statistics that’s why our thesis should include appropriate methods and models. The topic of our thesis is cryptocurrencies, Bitcoin to be precisely . You can freely choose the direction of the research. Examples: how acceptance of Bitcoin as a payment method will affect economic situation of the country, how central banks would react, how it will affect inflation, how it will effect individuals, groups and companies and etc. But I want to underline again that the most important point is that the thesis should include appropriate national economics modells and methods in order to answer the question of the thesis.
The structure of the thesis should be as following:

1). Introduction – here you motivate why the topic of the thesis is interesting to research. You explain your purpose and the research question of the thesis. You describe the method that you are going to use in order to answer the question. And the last you add the layout of the thesis.
2). Main part of the thesis: Theoretical background, Previous studies, Theoretical model, Results. Your chosen model should be as simple as possible without being trivial in order to be able to analyze your question.
3). Conclusion: Summarize the essay and the results. Feedback to the purpose. What assumptions, conditions and premises were important for the results? Strengths and weaknesses in the analysis? What have you done / not done – what could further research do?

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?

Feminist economics as a theory and method

The reaction paper must be APA formatted. It must be 3 paragraphs long.
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 would change the analysis; in the second case, the student provides his/her own suggestions for improvement. Keep in mind that the critique should be based on the context of the correctly cite text under discussion.