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.

In your paper,

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.

Must be three to four double-spaced pages in length including title and references

Must include a separate title page with the following:
Title of paper
Student’s name
Course name and number
Instructor’s name
Date submitted

Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.

Must use at least three scholarly, peer-reviewed, and/or other credible sources

Must document any information used from sources in APA style

Must include a separate references page that is formatted according to APA style

Compare and contrast this auction design with a number of alternatives.

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The English Premier League (EPL) is the commercially most successful football league in the world. For example, the most recent domestic TV deal generated an income of £5bn. The EPL sold these broadcasting rights via a sealed bid auction. Compare and contrast this auction design with a number of alternatives. Pay particular attention in your answer to the impact on Pareto efficiency and profit maximisation.

Write up a review of the article and integrate course concepts into your review.

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https://www.forbes.com/sites/petertaylor/2020/10/11/covid-19-has-changed-the-housing-market-forever-heres-where-americans-are-moving-and-why/?sh=449495161fe1
This article must be used. My topic is price elasticity of demand for the housing market during covid.
You will write up a review of the article and integrate course concepts into your review. Please make sure you both summarize the article and discuss how it relates to the course, which is ECON201 microeconomics for business.
Just needs one source and that can be the article but another source can be used as well.

Discuss the resurgence of the role of the state in economic policymaking using insights from different theoretical perspectives and evidence from industrial policy.

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The paper should also state the evolution of the role of the state through different theories such as classical theory and neoliberalism..etc

Pike (2020) Coping with deindustrialization in the global North and South

Suwandi et al (2019) Global Commodity Chains and the New Imperialism

Palma (2011): Why has productivity growth stagnated in most Latin American countries since the neo-liberal reforms?
Khan (2015) Industrial Policy Design and Implementation Challenges. In Felipe, Jesus (ed) Development and Modern Industrial Policy in Practice: Issues and Country Experiences. Cheltenham: Edward Elgar (2015) pp. 94-126.

Chang, H.‐J. and Andreoni, A. (2020), Industrial Policy in the 21st Century. Development and Change, 51: 324-351. doi:10.1111/dech.12570

Mazzucato (2018) Mission-oriented innovation policies: challenges and opportunities, Industrial and Corporate Change, Volume 27, Issue 5, Pages 803–815,

Evaluate critically the decisions taken by the ECB at their December 2020 Governing Council meeting.

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In its October 2020 press conference, the ECB President Christine Lagarde indicated that
“ We’re not going to just stand still” leading many analysts to expect the ECB to
recalibrate its monetary-policy instruments to respond to the second wave of the COVID19 pandemic that has forced a number of major euro area economies into lockdown
again.
Evaluate critically the decisions taken by the ECB at their December 2020
Governing Council meeting.
Note: Your answer should address the following:
➢ A summary of the unconventional policies taken by the ECB in recent years
➢ An overview of the policies the ECB has already undertaken in the context of
Covid19.
➢ A review of the decisions taken at the ECB’s December 10 meeting (note any
additional stimulus measures or any changes to monetary policy instruments or
objectives) and comments made by the President at the press conference.

Explain exactly what we mean by scarcity, factors of production and opportunity cost and why the owners have to make a choice between the time they spend at work and their family time.

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You have recently been appointed to work at your local chamber of commerce as a market analyst, advising small businesses.
You have two clients – a restaurant owner and a local bakery – and each one has sent you information and asked for a written report to advise them on the likely changing market conditions they may face this year and next after BREXIT and the ongoing pandemic.

• For the introduction of the report you must explain exactly what we mean by scarcity, factors of production and opportunity cost and why the owners have to make a choice between the time they spend at work and their family time. Give examples from both the restaurant and the bakery, so they fully understand.

• The local restaurant has sent you information about their local market demand and supply for sit down meals . The owners have read recently that real incomes are decreasing and want to know what this may mean for the demand and supply of sit down meals. Construct a fully labelled demand and supply diagram using the data for 2020 and the expected changes (shifts) for 2021. Identify and explain the equilibrium position for 2020 and how it may shift in 2021
Then explain what the impact of this change in the market may mean for both the producer/businesses and their customer/consumers.

Task 2

The restaurant owner has also sent you data that seems to show that if they increase their prices by 10% they can expect demand to fall by 5%. This has worried the owners, and they want advice on what they should do with their pricing.
• Calculate the Price Elasticity of Demand value from the information, explain what the value mean.

TASK 3: (word limit 500)*

Your second client is a new baker and needs help understanding both their costs and whether they can produce as much as they like to meet any increase in demand in the market.
• Explain, using examples from the bakery, the difference between fixed and variable costs and average and marginal costs.

 

write up a review of the article and integrate course concepts into your review.

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Course is ECON 201: Microeconomics for Business

For the term paper, you are required to pick a current economic topic that relates to the material we have covered or will cover in this course. You will research and find an article that covers the topic you have chosen. You can use an article online or offline from any reputable source. You will write up a review of the article and integrate course concepts into your review. Please make sure you both summarize the article and discuss how it relates to the course.

Complete this essay in a Microsoft Word document in APA format. Your work will automatically be submitted to Turnitin for plagiarism review. Please make corrections as required. Please note that a minimum of 700 words for your essay is required.

Compare and contrast prospect theory with expected utility theory.

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Compare and contrast prospect theory with expected utility theory. To what extent are the predictions of prospect theory consistent with evidence from the research literature?

extensive use of well labelled diagrams and their explanations

their limitations

and their impact in policy making

implement these as evidences to support amongst others ;

work should be done to an intermediate microeconomic standard.

Is punishment always effective in sustaining the norms of high contributions in a repeated public good game?

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Behavioural Economics Essay: “Is punishment always effective in sustaining the norms of high contributions in a repeated public good game? Discuss under which conditions the effectiveness of punishment is undermined.”

Critically explain whether principal-agent issues may contribute to short-termism, and explore its consequences for firm performance;

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1) Explain the short-termism hypothesis, critically explain whether principal-agent issues may contribute to short-termism, and explore its consequences for firm performance;
2) Analyse how modern firms seek to deal with the principal-agent problem. Your analysis
should explicitly distinguish between the level and structure of pay.
3) Explain how firms may design a compensation scheme to reduce short-termism by
combining reward instruments such as stocks, stock options, restricted stocks and inside
debt. Justify your proposal by referring to the academic literature.
4) Explain how your proposal can strengthen firm resilience and enable firms to better deal with deep recessions such as the Covid-19 recession.