Analyze the arguments for government intervention as opposed to arguments for market-based solutions.

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Government Intervention Analysis

Write a 700- to 1,050-word summary of your analysis. Identify the intervention and the market failure leading up to the intervention. Complete the following in your paper:

Analyze the arguments for government intervention as opposed to arguments for market-based solutions.

Examine who has been helped and who has been hurt by the selected government intervention.

Examine externalities and unintended consequences of such intervention. For example, consider whether the SNAP program and health coverage for low-income families result in higher future tax revenues because low-income children grow up healthier and produce higher incomes over their lifetimes.

Analyze whether cost of the intervention you selected as a share of GDP or the number of participants is increasing,decreasing, or varies with the state of the economy, based on the cost trend(or number of participants) since its inception or since 2000.

Analyze credible economists’ opinions on the success or failure of the intervention that you chose in achieving its objectives.

Recommend whether the program should be continued as is, discontinued, or modified based on your conclusions. Defend your recommendation.

Discuss why climate change is not an economic problem and thus cannot be fixed via economics and the markets.

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Discuss why climate change is not an economic problem and thus cannot be fixed via economics and the markets.

 Explain how you viewed or understood the concept before completing the discussions.

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Opportunity Cost, Scarcity, Production Efficiency, Allocative Efficiency, Human Capital, Specialization, Comparative Advantage, Income, Tastes, Prices, Household Budget, Information, Transaction Costs, Utility, Consumer Satisfaction, Profits, Markets, Competition, Market Structure, Labor Costs, Innovation, Entrepreneurial ability, Productivity, Government Regulations, Business Incentives, Economies of Scale, Product Differentiation, Brand Name, Advertising, Market Power.
General Instructions:

You are free to organize and arrange your sentences and paragraphs in any you see fit, but your response MUST at least have the following 5 elements:

It must state and define the concept or idea.

Explain how you viewed or understood the concept before completing the discussions.

It must explain your new way of viewing, or understanding the concept.

It must say the reason why your perspective, or understanding changed. In other words, what did you do, see, or hear as a result of completing the discussions that helped transform your opinion.

It must have information, data or facts, that supports the reason for your change. The information, data or facts can be presented in the form of an example, or as part of an explanation, but it must be explicitly connected to at least one of the graded discussions.

As you produce your response, you should also consider the following:

The implications of the change in perspective. In other words, now that you see this in this way, what are some of the things that will come after? What will you do differently? What follows? Also, analogies and metaphors are a great way to illustrate how one views a concept or an idea.

Examine the shortcomings of GDP in measuring a country’s economic health?

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Gross domestic product (GDP) is defined as the value of final goods and services that are produced in a country’s territories within a certain time period, usually a year.

Assess GDP’s importance.

Examine the shortcomings of GDP in measuring a country’s economic health?

Discuss using GDP to evaluate the business cycle.

Examine factors that may affect the business cycle.

Evaluate the health of the current U.S. economy by its GDP, business cycle, and economic growth.

Describe the state of the U.S. Economy for the years between 2012 and now in terms of macroeconomic measures discussed in the course (GDP, unemployment, and inflation rates).

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Part I: Description of the State of the U.S. Economy
1. Describe the state of the U.S. Economy for the years between 2012 and now in terms of macroeconomic measures discussed in the course (GDP, unemployment, and inflation rates).

Select ONE of these macroeconomic measures to write about. Use data from the National Bureau of Economic Research (NBER), http://www.recovery.gov, and other government agencies and departments, such as Department of Labor (Bureau of Labor Statistics), Department of Commerce (Bureau of Economic Analysis), etc.

2. As you will notice from your data analysis, the economy passes through different phases and turns.

Discuss the implications of a given state (for example, recession) in terms households, businesses, and the entire society. Share your thoughts as to why it is important for you to understand the different states through which the economy passes.

Share personal examples and experiences. While Covid-19 has been a major disrupt-or of the economy, it should not form the major basis for your paper, so many other things have taken place since 2012.

Part II: Analysis of Economic Policies
1. In your analysis of the macroeconomic data, you will notice that the U.S. economy passed through a major recession. Based on research, discuss the underlying causes of the recession.

Identify monetary and fiscal policies implemented by the Federal Reserve and the government to deal with the recession.

2. Evaluate the expected and actual effects of each policy. Your response needs to include the name of the policy, description of the policy, the year it is implemented, and discussion of expected and actual outcomes in terms of the GDP, unemployment, and inflation rates.

3. After close observation of the different perspectives discussed in the course, share your position on the effectiveness of fiscal and monetary policies to deal with recession or inflation.

4. As part of the economy, each of us will be affected by the state of the economy and the actions policy makers take to stabilize or advance it. Conclude by sharing why understanding these actions and outcomes matter to you as an individual who is part of the economic system.

How do they affect the society/economy? What could be done differently? Share personal examples and experiences

Explain how the article relates to at least one of the learning objectives and explain why the information in the article matters in the context of business decision making.

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Managerial Economics

Economics can be a bit dry unless you can see how what you are learning applies in the real world. By finding a current event that relates to a learning objective from each week, you can see how what you’re learning applies to real world companies and situations.

Instructions

For your initial post, identify and summarize a current event article that is relevant to the weekly learning objectives and assigned readings .

Be sure to use reputable scholarly or journalistic sources such as The New York Times, Wall Street Journal, Washington Post, The Economist, , etc.

Explain how the article relates to at least one of the learning objectives and explain why the information in the article matters in the context of business decision making.

Your response should be insightful, thoughtful, and analytical. Your response must have a clear, well formulated thesis, development using textual quotes and references; sentence structure, grammar, punctuation, and spelling count.

Explain using relevant economics concepts, why you agree or disagree with the view that laws that prohibit different firms from working together to be important to the economic health of the country.

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Firms that operate in an oligopolistic market structure must consider how other firms in the industry will react to any decision yet it is illegal for firms to collude (work together) in most cases.

Explain using relevant economics concepts, why you agree or disagree with the view that laws that prohibit different firms from working together to be important to the economic health of the country.

Incorporate relevant and appropriate ethical and Biblical principles into your response.

 

What makes a good coding strategy? How do we get from a pile of material to convincing typologies?

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Both peer reviews should be 540 words.

1. Evaluate in writing the methodology of Spiegel 2010 (540 words)

Think about the set of principles known as ‘grounded theory’. What are these principles, and when are they implemented well? How are they used by Spiegel?

Trainor, Audrey A and Graue, Elizabeth (eds), 2013: Reviewing qualitative research in the social sciences. Routledge. (chapter 8)

Spiegel, Anna, 2010: Contested public spheres. Female activism and identity politics in Malaysia. VS Research.

2. Evaluate in writing the methodology of Varshney 2002 (540 words)

–> for this one, think about the major analytical strategy for qualitative researchers – and one rather more inspired by quantitative research: the coding of data, and the creation of typologies. What makes a good coding strategy? How do we get from a pile of material to convincing typologies? And how best to represent that inherently messy process in writing?

 

Explain whether you believe that the UK government interventions does or did not effectively address the fair provision of merit goods.

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Private vs. private goods in the UK and social welfare

Task 2: 45/100 marks (900+ words)
1. Using economics theories from Krugman & Wells textbook (2020, 5th
edition), and current UK examples from the past three years (2018-2021),
discuss merit and demerit goods in the UK market.

Analyze real-life examples of merit and their positive impacts on society, and contrast this with analysis of demerit goods in the UK and their negative impact on
society.

2. Analyze how the UK government used policies and funding to improve
access to merit goods, and how it discourages and reduces access to
demerit goods, providing real examples of UK government interventions
and strategies.

3. Explain whether you believe that the UK government interventions does or
did not effectively address the fair provision of merit goods. Include relevant
examples and references from the UK from the past three years (2018-2021),
UK news, and UK government publications to support your explanations.