Provide an argument as to whether the company you chose impacts the economy in a positive way, or if they positively impact the economics of a few

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As President Eisenhower warned, the Military Industrial Complex has situated itself in a very powerful position with regard to influencing policy making and ensuring significant financial gains from federal contracts. It is important to note that the “iron triangle” does in fact exist amongst many lobbying groups but in particular, the MiC has established a sophisticated system by which billions of dollars flow freely to a few businesses. They have become one of the leading lobbying powerhouses in recent years and have benefited greatly from the Iraq War as well as the Afghanistan War.

While it would seem that the MiC has a significant impact on the U.S. economy, the larger question would be to determine how many companies are actually subsidiaries of the larger groups (Lockheed-Martin, Halliburton

When you have completed your required readings for this module, you should be prepared to engage in the following discussion activity:

Choose one of the companies listed as a top recipient of defense contracts (see Military-Industrial Complex (Links to an external site.)). Please provide an argument as to whether the company you chose impacts the economy in a positive way, or if they positively impact the economics of a few, or whether the company provides a needed service addressing if its work is a reflection of the Iron Triangle dynamics.
Propose a solution to prevent the level of influence of large corporations in the MiC (for example, increasing support for small businesses: see Service-Disabled Veteran-Owned Small Business (Links to an external site.)at the DOD Office of Small Business Programs).

Demonstrate in writing your understanding and analysis of two articles you choose.

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The current event reviews will demonstrate in writing your understanding and analysis of two articles you choose. Each review must contain four components (8%/80 points):
Summary: 2 paragraphs in your own words summarizing the main points of the article,
Positive Economics: 1-2 paragraphs identifying the economics principle(s) involved in the article,
Normative Economics: 1-2 paragraphs stating your opinion of the ideas presented in the article,
Reference; you must provide the online link for the article.
And must follow these criteria:
Article should be from a current popular publication, not a scholarly journal,
Times New Roman, 12 point font, double spaced, 1-inch margins,
1 to 1.5 pages in length.

Explain whether changes in the U.S. stock price cause changes in the Chinese stock prices or the other way using the Granger causality test

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Explain whether changes in the U.S. stock price cause changes in the Chinese stock prices or the other way using the Granger causality test

Prepare an opinion analysis regarding the consequences of the COVID-19 and the British’s exit from the EU on the Tourism Sector.

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Prepare an opinion analysis regarding the consequences of the COVID-19 and the British’s exit from the EU on the Tourism Sector. The idea is to set up a statement and present your main conclusions about those topics. It is recommended to use statistics and data to better argue for your idea. My topic is on the EU Tourist Sector and how COVID-19 and Brexit affected it.

Determine the 99% confidence interval estimate of the population mean.

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Take Home Assignment 4 ECON1003

Semester 2 2020 Newcastle Business School

WEEK 9

       Instructions

  • Every two (2) weeks, commencing from Week 3, you are required to complete a Take Home Assignment. Each Assignment is worthy 6%.
  • The grades for the best five (5) of the six (6) Take Home Assignments will be selected and will be worth 30% of the total mark for this course.
  • Submit your assignment through Turnitin by Friday 11:59PM AEST
  • Do attach a Cover Sheet to the assignment, which is downloadable from the Bb site in folder Assessment-Assignments. You may decide to submit your answers as handwritten or typed.
  • You may be required to use MS Excel to answer some of the questions.

Question 1

A survey of 100 retailers revealed that the mean after-tax profit was $80 000. Assuming

that the population standard deviation is $15 000, determine the 95% confidence interval estimate of the mean after-tax profit for all retailers.

Question 2

Suppose that the amount of time teenagers spend on the Internet is normally distributed, with a standard deviation of 1.5 hours. A sample of 100 teenagers is selected at random, and the sample mean is computed as 6.5 hours.

Determine the 99% confidence interval estimate of the population mean.

******END OF QUESTIONS*****

Describe the favoring and opposing macro forces impacting (currently and in the future) demand for your market offering

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MARKET DEFINITION
It is critically important to fully understand what market you compete in. An overly narrow view of the market can blind a company to potential competitive threats, such as when railroads thought of themselves as “railroads” rather than as “transportation companies.” The purpose of this analysis is to create a picture of the market structure for your products or services, identifying the generic class, the product type, the product sub-type, and ultimately the brands that compete in each of these product sub-types. This will help you to identify the most important existing and potential competitors that you will be discussing in more detail later.

MACRO-ENVIRONMENTAL ANALYSIS
The next task of this analysis is to describe the macro-environmental forces that affect demand for your market offering. These forces include the following: economic, demographic, social, technological, governmental, and natural forces. Describe the favoring and opposing macro forces impacting (currently and in the future) demand for your market offering and also clearly indicate any of these forces that have little to no impact on demand. Identifying the favoring and opposing macro forces is often referred to as identifying the opportunities and threats that exist in the macro-environment.

The final portion of this assignment then is to identify the three macro-environmental forces that are most significant in terms of impacting demand for your product offering. Conduct a thorough analysis of the implications of these three key forces on the future demand for your market offering. This analysis is to be conducted at the general, macro level. You are analyzing the environment in which your organization operates, not your organization specifically. Conclude this analysis with a forecast of projected demand for your product offering over the next 3-5 years.

Deliverable Structure

• Format: Word document (be sure to include page numbers)
Times New Roman font, 12 point
1-inch margins

• Length: 1-page executive summary – single-spaced
8-10 page report – double-spaced
Appendices
Bibliography

• Inclusions: The body of your report should be 8-10 pages and should include:
 A very brief summary of your organization and the products/services you offer. One to two paragraphs are sufficient.
 Discussion of your market definition that includes a graphical representation of your market definition.
 A thorough macro-environmental analysis

In addition to the body of your report, you should include:
 An executive summary to your project advisor that will act as the cover for your report. This memo should be written in business language, explaining to your project advisor what they will read in your document. It should not be simply an introduction to your report, but rather should very concisely summarize the key learnings from the analyses conducted.
 A bibliography listing the references used for documenting facts in your report. Use a bibliographic format of your choice. Just be consistent in your citations.
 Appendices that will include pertinent graphs and charts.

In a short essay of 500-1000 words, describe a topic, concept or question within microeconomics that you intend to research.

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The term paper assignment in ECO 710 is to research and write a literature review on a topic related to microeconomics. The purpose of the paper is for you to apply your growing knowledge of microeconomics to analyze the empirical or experimental research on a topic of your choice. Through your research and writing, you will need to directly “evaluate and critically assess alternative models” (which is learning objective #3 for ECO 710). The paper also relates to all three of the Applied Economics concentration goals.A literature review is a scholarly paper, which includes the current knowledge including substantive findings, as well as theoretical and methodological contributions to a particular topic. Literature reviews are a basis for research in nearly every academic field. A narrow-scope (focused) literature review is always included as part of a paper/article presenting new research, serving to situate the current study within the body of the relevant literature and to provide context for the reader. (In such a case, the review usually precedes the methodology and results sections of the work.)While a literature review can be just a simple summary of the sources, it usually has an organizational pattern and combines both summary and synthesis. A summary is a recap of the important information of the source, but a synthesis is a re-organization, or a reshuffling, of that information. It might give a new interpretation of old material or combine new with old interpretations. Or it might trace the intellectual progression of the field, including major debates. And depending on the situation, the literature review may evaluate the sources and advise the reader on the most pertinent or relevant.

For the Literature Review assignment, you are to research, and then summarize, review and critique the published empirical and/or experimental research related to some topic of interest to you within the broad area of applied microeconomics. (Microeconomic areas include, but are not limited to, agricultural economics, industrial organization, health economics, sports economics, labor economics, urban economics, family economics, information economics, uncertainty, welfare economics, behavioral economics, international trade, asset markets & pricing, and environmental economics). You will write a short proposal outlining the topic you want to research. This will then guide your literature research.

Format:

Proposal: PROGRESSIVE DELIVERY NEED BY OCT. 18

In a short essay of 500-1000 words, describe a topic, concept or question within microeconomics that you intend to research. The proposal should focus on clearly and succinctly defining the scope of the literature review. It is often helpful to state a research question to focus the research; however, this it not strictly required. Other than the limit that the topic has to be microeconomic (e.g. not topics related to economic aggregates, fiscal or monetary policy, etc.) there are no limits on the subject matter. Excellent ideas can be found by skimming the tables of contents of journals like the Journal of Economic Perspectives, Applied Economics, Applied Economic Letters, and many others.

Literature Review:

Restate your specific topic or research question at the beginning of the literature review.

The literature review should be written in a formal scholarly style using APA citations (with in-line references). Use the literature review sections of the papers that you are reading as models. Remember that the purpose is not to summarize each article, but to focus on the information from the articles that specifically relates to your topic/question.

You’ve got a focus (your research question/topic), and you’ve stated it clearly and directly. Now what is the most effective way of presenting the information? What are the most important topics, subtopics, etc., that your review needs to include? And in what order should you present them? Develop an organization for your review at both a global and local level. Note that a simple chronological organization is generally not the most effective.

The literature review must include a works cited page listing all of the works referenced in the paper in APA format.

It is strongly recommended that you consult with the Foundry Writing Center when preparing your literature review.

Literature Review Rubric

The Literature Review should present a review of the scholarly literature related to the research topic/question chosen. In-line citations following APA style should be used.

Highlight the concept of market failures and mention which are those market failures

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Explain why you agree with the premise:

GOVERNMENT INTERVENTION(S) IS/ARE THE MOST EFFECTIVE WAY TO CORRECT MARKET FAILURES AND ENSURE A SMOOTH FUNCTIONING OF MARKETS TO ENHANCE THE BENEFIT OF ALL.

Highlight the concept of market failures and mention which are those market failures and must be mentioned the concept of imperfect competition as an example of market failure (use at least 2 of the readings attached or other related)

It must develop also the concept of state failures as comparison of market failures, the conclusion must be related with the premise that Government intervention ensures a smooth functioning of the markets, increasing the general welfare, as long as the design of the intervention mitigates the failures that state intervention also generates.

ESTRUCTURE:
Intro
One paragraph (max 2- 4 sentences) summarising the debate/ main problem and outline what the paper will do (“this paper…”) – and mention the key points .
Body
Develop each key points
Bring evidence
Discuss the authors pov (not your own)
Conclusion
Restate argument
how did points match up with the argument

REFERENCES:
At least three of this as a mandatory:
– Adam Przeworksi. 1991. Democracy and the Market: Political Reforms in Eastern Europe and Latin America.

– Peter Kingstone. 2010. The Political Economy of Latin America: Reflections on Neoliberalism and Development. Routledge.
– Fosu, Augustin. 2003. “Introduction: Development Success: Historical Accounts from More Advanced Countries,” in Augustin Fosu (ed.) Development Success: Historical Accounts from the More Advanced Countries.

– Evans, P. (1992) The State as Problem and Solution: Predation, Embedded Autonomy, and Structural Change.

– Waldner, D. (1999). Chapter 1, from State building and late development.

– Kuczynski, P. (1988). A Latin America Problem, from Latin American debt.

– Karl Polanyi, 2001. The Great Transformation: The Political and Economic Origins of Our Time. Beacon Press.

Adittional notes:
Examples/data must contain also information of imperfect competition from countries of a developing country.

Explain which or among these indicators would be most important in formulating your qualitative forecast.

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Select a company, government agency or any other service outlet and one of its products that interest you to study from an applied economic point of view. You are encouraged to look up articles about your chosen company or agency utilizing such sources as Business Week, Forbes, Wall Street Journal, Marketing Communications, Media-Scope, Advertising Age, Law Enforcement Magazines, Health Magazines, and etc. If possible, you should visit or correspond with the company or agency, contact distributors or agents, and discuss the product(s) or service(s) with actual or potential users. Collect economic data in the product(s) or service(s) you have chosen.

A. You should turn in a term paper that analyzes and estimates the demand of your chosen firm’s product(s) or service(s) USING REGRESSIONAL ANALYSIS.

B. Assume that your company or agency is concerned about near-term economic conditions and wishes to obtain a qualitative forecast of sales or service in the upcoming quarter. Assume also that you are the market analyst for your company or agency planning to use one or more of the leading economic indicators (LEI) published by the US Department of Commerce to formulate your qualitative forecast. You can Google TheLeading Economic Indicator (LEI).

C. Explain how the indicator or each of the indicators might affect future sales and/or service. (For example, if the average work week of production workers in manufacturing increased, explain the affect on your company’s sales.) Explain which or among these indicators would be most important in formulating your qualitative forecast.

Discuss the current government intervention in the Kidney Market in the U.S.

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要求 1: Submit before the due date/time

  • Meet formatting and length requirements
  • No plagiarism
  • VERY Limited quoted text (must be written in your own words)
  • Use economic terminology to discuss the market and scarcity
  • Use economic terminology to discuss the market failures and government intervention
  • Include economic graph related to market failures and discuss it
  • Include updated bibliography page
  • Upload 1 file (you cannot upload text, graphs, etc as separate files)
  • Correct file type:  doc or docx (NOT .pages or pdf)

内容要求 ：This Rough Draft as two primary parts, described below. You should write the paper as a cohesive whole; do not include section headers. Use the link above for submission details and due date.

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DESCRIPTION

Part I – (this draws on opportunity cost (Ch 1) and markets (Ch 3))

Describe the market for kidney organs, as it would be in a free market without government intervention, using what you have learned about scarcity, marginal analysis in decision-making, and markets. You must include a discussion of resources, supply and demand, as well as marginal benefits and marginal costs. Think of this as an explanation of the pros and cons of the market using economic terminology.

Describe the benefits and costs but leave the discussion of organ rationing and other solutions to the problems in this market for the next part. Describe this market using supply and demand; reference your graph in your description. Include “graph 1” of this market at the end of the paper (not included in page count). This should be a discussion without mentioning Price Controls, only discuss  how the kidney organ market would be without government intervention. Feel free to use any stats or data that you find through your own research – make sure you use econ terminology.

Part II – (this draws on  government (Ch 4) to improve the discussion made in Part I)

Consider the reasons why the market for kidney organs is not a free market in the US, specifically discuss equity concerns. Expand on your discussion of the market from Part I, using what you have learned about government interventions/price controls.

Discuss the current government intervention in the Kidney Market in the U.S. Describe this market – comparing the free market and to the government intervention in one graph – using supply and demand; reference and discuss your graph in your paper. Explain the current government intervention and exactly how it corrects the problems of the free market. Include any other beneficial aspects of the intervention that you find through your own research – make sure you use econ terminology throughout.

Also discuss other Donation Systems Around the World, no need to add a graph here. Explore the policies that are currently implemented across the globe (i.e. those discussed in the articles – routine removal, presumed consent, organ donor points, “no give, no take”, etc.). Evaluate the limitations of these policies. Also consider how these policies fare in terms of the efficiency vs. equity debate. (You do not need to critique them all, just select 2 or 3 that you find interesting/appealing.)

FORMATTING

The body of the text (NO header/footers/by lines, separate – title/graph/bibliography page)  for the rough draft must be at least 4 full pages (it is best if you write onto the 5th page to be sure you meet the minimum, keep in mind more pages will be added later for the final draft), double-spaced, 1″ margins, and size 12 Arial FONT. File type must be doc OR docx.

Make sure to include a title page and an updated bibliography page (both should be on their own pages and not share a page with the body of the text and are not included in the page count). Graphs/Charts/Figures/Bibliography should be at the very end of the text and are not included in page count. Only use in-line citations with the author and the year in parentheses at the end of the sentence; do not include citations in the footers. The full citation should be given on the bibliography page only.

Citation Reference: The Chicago Manual of style (Links to an external site.)