Describe Australia’s unemployment and underemployment experienced since the 2008 Global Financial Crisis (GFC)

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Economics Assessment – Essay Roo Instructions

 

Topic 1: The Australian Labour Market

Full Question:

Describe Australia’s unemployment and underemployment experienced since the 2008 Global Financial Crisis (GFC), identify and analyse the main reasons which explain the observed experience. In addition, are the recent labour market developments caused by the Coronavirus a new trend, or an acceleration of existing trends? Finally, what policies, if any, do you believe the Government should implement over the near to medium term to assist the labour market?

The basics of the answer are obviously the differentiation of unemployment and underemployment, and the statistical record of these measures over the relevant timeframe. Then what will distinguish these essays is the treatment of the explanation of why we observe the labour market data. That is, what has caused the trends we observe? Why were they at the strength we see, and not stronger or weaker? What government policies have contributed to the observed outcomes? Finally, when you discuss what government policies you argue should be implemented, be clear on how you believe these policies would be implemented and why they would help

Instructions for Essay Roo Writer – 800 WORDS STRICT!!!!!

To whomever this may concern, this is what is required from the writer. Above I have presented the full question and how to answer the question. I have also highlighted in YELLOW, the part that YOU must answer. So, I need the writer to write about “what policies, if any, do you believe the Government should implement over the near to medium term to assist the labour market? – What government policies have contributed to the observed outcomes? Finally, when you discuss what government policies you argue should be implemented, be clear on how you believe these policies would be implemented and why they would help. So, you need to write about government policies in regards to Australia’s unemployment and underemployment since the 2008 Global Financial Crisis. Please message me and let me know if there is any issues when writing this piece and I am happy to clarify. THIS NEEDS TO BE 800 WORDS, 10% MORE IS ALLOWED.

 

 

Tips and references

 

You should use papers from the main sources, including published academic papers, and also official-sector publications such as those from the Reserve Bank of Australia, which has commented extensively on the Chinese economy, as well as market research and other useful publicly available commentaries. PLEASE INCLUDE 2-3 ACADEMIC REFERENECES. GRAPHS AND STATISTICS ARE ALSO NEEDED PLEASE! APA FORMATTED REFERENCING

 

List and define two types of price controls that government can use to regulate prices.

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Graded Discussion (10%)Graded Assignment Descriptions, Rubrics and GuidelinesAssignment Description and Instructions

Units Covered 1 – 3

Weighting: 10% of your grade

Final mark Computation: */ 70 x 10 =

Answer all questions andshow all your workfor fullmarks

.Each student must submit their own individual work. Plagiarism will bepenalized.

Upload your assignment as a Word document. The submitted Microsoft Word document shouldconsist of the following: 1.5-line spacing, 12-point font, and scholarly references.

You are expected to use Microsoft equation tool where needed to show all equationsor notations. Question 1 is worth 25marksQuestion 2 is worth 25marksQuestion 3is worth 15marksParticipation / Responding to Peersonly on Question 2 (b) or 3 (b). 5 marksTotal marks 70marksRelated Course Objectives:

•Evaluate and critique the methodology of macroeconomic analysis and apply thismethodology to economic policy analysis.

•Explain and discuss the nature of demand and supply and their interaction as theyrelate to the workings of a market system.

•Describe and explain the concept of elasticity and show how it is applied at the levelof the government with respect to the setting of prices for various types of goods andservices.

Question 1:

Suppose you are given the followinginformation:Qs= 100 + 3P Qd= 400 –2Pwhere Qsis the quantity supplied, Qdis the quantity demanded and P is price.a.From this information compute equilibrium priceandquantity. [6marks]b.Now suppose that a tax is placed on buyers so that Qd= 400 –(2P + T) where T is taxes. If T = 15, solve for the new equilibrium priceandquantity. (Note: You are solving for the equilibrium price for sellers and buyers). [9marks]c.How does a tax on a good affect the price paid by buyers, price receive by sellers, and the quantity sold? [5marks]d.Suppose the government imposesa $10 tax per pack of cigarettes, and the supply for cigarettes are more elastic than demand. What will be the effect of this tax on both the buyer and seller? [5marks]Question 2 a.Definethe priceelasticityof demand andstatethe formula for thepriceof elasticityof demand. [5marks]b.Explain whytheconceptpriceelasticityshould beof interest to thosein business whohave choices to makeabout thepriceat which to selltheirproducts. [10marks]c.As the price of good X rises from $10 to $12, the quantity demanded of good Y rises from 100 units to 114 units. i. What is the cross elasticity of demand?[5 marks]ii. Are X and Y substitutes or complements?Explain your answer [5 marks]Question 3a.List and define two types of price controls that government can use to regulate prices. [5marks]b.“When government laws regulate prices instead of letting market forces determine prices, it undermines the rationing function of competitive prices.” Discuss briefly the impact of this statement in terms of the two types of price controls chosen in 3(a).

What is the trade-off between monopoly pricing and innovation in new drug development.

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• The lifecycle for new drug development
• Intellectual property rights and incentives for innovation
• Trends in pharmaceutical pricing
• Policies to reduce prescription drug costs

Learning objectives
• What is the trade-off between monopoly pricing and innovation in new drug development.
• What are the drivers of rising prescription drug costs?
• What are potential policy solutions to reduce prescription drug spending?

Select an article from those listed under your topic as your main reference paper which you will summarize for your project

Support the theories/ideas/findings in your main reference paper with at least two additional articles from the listed articles/blog posts

Address these issues in your paper
(1) What is the research question or objective being considered?
(2) What is the underlying economic model or framework motivating the question or issue being investigated?
(3) What data and methods are used to analyze the question or issue?
(4) What are the key findings or take-away points of the analysis? How would you extend this study?
(5) What are the implications of this study for the health sector / how is this research connected to the theories/topics in health economics

Articles/Blogs:
Kesselheim A, Avorn J, Sarpatwari A (2016). “The High Cost of Prescription Drugs in the United States: Origins and Prospects for Reform.” JAMA 316(8): 858-871.

Sood N, Shih T, Van Nuys K, Goldman D. “Follow The Money: The Flow of Funds in the Pharmaceutical Distribution System.” Health Affairs Blog June 13, 2017.

http://healthaffairs.org/blog/2017/06/13/follow-the-money-the-flow-of-funds-in-the-pharmaceutical-distributionsystem/
Bach P (2014). “Indication-Specific Pricing for Cancer Drugs.” JAMA 312(16): 1629-1630.

Chandra A, Garthwaite C (2017). “The Economics of Indication-Based Drug Pricing.” NEJM 377(2): 103-106.

Yu N, Helms Z, Bach P. “R&D Costs For Pharmaceutical Companies Do Not Explain Elevated US Drug Prices.” Health Affairs Blog March 7, 2017.
http://healthaffairs.org/blog/2017/03/07/rd-costs-for-pharmaceutical-companies-do-not-explain-elevated-us-drugprices/

Grabowski H, Manning R. “Drug Prices and Medical Innovation: A Response to Yu Helms and Bach.” Health Affairs
Blog June 2, 2017. http://healthaffairs.org/blog/2017/06/02/drug-prices-and-medical-innovation-a-response-to-yu-helms-and-bach/

National Academies of Sciences (2017). “A National Strategy for the Elimination of Hepatitis B and C: Phase Two Report.” Summary: 1-14. https://www.nap.edu/catalog/24731/a-national-strategy-for-the-elimination-of-hepatitis-b-and-c

Bach P, Giralt SA, Saltz LB (2017). “FDA Approval of Tisagenlecleucel: Promise and Complexities of a $475,000 Cancer Drug.” JAMA September 20, 2017.

Berndt ER, Nass D, Kleinrock M, Aitken M (2015). “Decline in Economic Returns From New Drugs Raises Questions About Sustaining Innovations.” Health Affairs 34(2): 245-252.

Conti RM, Rosenthal MB (2016). “Pharmaceutical Policy Reform—Balancing Affordability with Incentives for Innovation.” NEJM 374:703-706.

Cox C, Kamal R, Jankiewicz, et al. (2016). “Recent Trends in Prescription Drug Costs.” JAMA 315(13): 1326.

Goldman D, Lakdawalla D (2011). “Chapter 13- Intellectual Property, Information Technology, Biomedical Research, and Marketing of Patented Products.” In “Handbook of Health Economics, Volume 2. Pp: 825-872. http://www.sciencedirect.com/science/article/pii/B978044453592400013X

Describe the offender(s) and their crime. Be sure to answer who, what, when, where and why.

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Writing Assignment
Below you will find three headings with two names listed below each one. Choose one example from two of the headings to discuss. In other words, you will be discussing one individual/groups from two separate headings.
Describe the offender(s) and their crime. Be sure to answer who, what, when, where and why. Include information regarding indictments, convictions and sentencing (if applicable). You will usually need to search more than one website to get the full story.
Tie your offender(s) to a specific criminological theory within the chapter of the heading. First describe the theory. Then, using information from your case, explain how your offender fits the theory. You must highlight at least two details of your case that show the relationship.
(Choose one)
Chapter 3 – Psychosocial and Biosocial Theories
Edmund Kemper III (*Do not use if used for Chapter 3 essay.)
Christopher Tiegreen (Georgia)
Chapter 4 – Social Structure Theories
MS-13 Gang
Qaw’mane Wilson (Chicago)
Chapter 5 – Social Process Theories
Al Capone (Chicago)
Mark Andrew Twitchell (Canada)
The writing assignment must be no less than 500 words in length. Please use APA format in your reference section including the url for online sources.

what are the 3 most important concepts, ideas or issues in the reading?

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Couture, T. (2013). Without Favour: The Concentration of New Brunswick’s Print Media Industry. Canadian Journal of Communication, 38(1), 57-81. Retrieved from https://doi.org/10.22230/cjc.2013v38n1a2578

Can’t find the full text of the article? On the page above, look below the abstract, and below the Keywords. There’s a line that starts with the bold words ‘Full Text’, followed by TINY links labeled PDF and HTML. Click on one of those to access the full version of the article.

  1. Complete a 3-2-1 report for the above article using the form found on

Question 1: In your own words, what are the 3 most important concepts, ideas or issues in the reading? Briefly explain why you chose them. Note: the concept the reading’s author(s) thought was the most important should be included.

Question 2: What are 2 concepts, ideas or issues in the article that you had difficulty understanding, or that are missing but should have been included? In your own words, briefly explain what you did to correct the situation (e.g. looked up an unfamiliar word or a missing fact), and the result. Cite any sites or sources used in APA format.

 

What circumstances make for more successful application of CCT Programs?

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Consider and discuss the effectiveness of CCT Programs. Discuss the experience with CCT programs in a Country of your choice (or more than one Country if you prefer). What circumstances make for more successful application of CCT Programs?

How do its financial state and the state of the economies of other countries (that could serve as new markets) impact its strategic choice?

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*** 2 Page only Please. The PDF file is supportive***
***Please use the PDF for reference***
After studying the Compsis case study, describe the company’s strategic choices. Describe the company’s current financial status. How do its financial state and the state of the economies of other countries (that could serve as new markets) impact its strategic choice?

How useful are these assumptions for an understanding of the nature of, and forces driving, neoliberalism?

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Research Essay 1 – Instructions

Weighting: 40%

Length: 2000 words (excluding bibliography/reference list).

Research Essay 1 asks you to write a 2000 word paper that addresses the focus questions, uses the resources and follows the instructions as outlined below. In your answer you should make reference to some of the different scholarly interpretations of neoliberalism.

The documentary will be shown in the lectures in Week 6 (i.e. the week beginning September 28). It can also be purchased online or viewed through YouTube.

You might find it useful to examine the book upon which the documentary is based:

Daniel Yergin and Joseph Stanislaw, The Commanding Heights: The Battle for the World Economy, Simon and Schuster, New York, 2002),

https://www.youtube.com/watch?v=gfRTpoYpHfw&feature=youtu.be

and to read critical reviews of the book and the documentary, such as:

Mark Berger, ‘Up from neoliberalism: free market mythologies and the coming crisis of global capitalism’, Third World Quarterly 20(2), 1999, pp. 453-463.

This essay encourages you to reflect critically upon the different scholarly interpretations of the nature of neoliberalism, and the forces responsible for it. It also prompts consideration of the nature of the economy and economic change more generally.

These are issues that you will naturally consider in the course of the tutorials throughout the semester, and the essay focuses your attention on these issues and asks for a detailed and considered judgement.

You are strongly encouraged to use the required and further readings set for Tutorial 10: Explaining Neoliberalism as the starting point for your consideration of the different scholarly understandings of neoliberalism. You need not limit yourself to these readings, however.

Your essay will be evaluated against the following criteria:

  • Clarity of expression
  • Development of an argument and use of supporting evidence
  • Understanding of scholarly debates about neoliberalism
  • Correct use of citations
  • Ability to use the documentary to illuminate the nature of neoliberalism and its various scholarly interpretations.

 

Please analyze about 2019 Japan-South Korea trade dispute. How it happened and what is the outcome of both countries.

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Course: International trade and finance (International Economics)

Instruction:

Please analyze about 2019 Japan-South Korea trade dispute. How it happened and what is the outcome of both countries.

Below is short summary of how Japanese government started trade dispute.

On July 1, 2019, the Japan Ministry of Economy, Trade and Industry announced that it would limit exports of key materials for semiconductor and display manufacturing, and it entered into a full-scale invasion of the Korean economy. Japan insists that the purpose of strengthening the enforcement decree is “to maintain international peace and security.”

However, this is Japanese government’s point of view. The Korean government is currently confronting Japanese government in WTO right now and please prove what Japan has done wrong and show how the trade dispute has influenced both countries’ economy. (Evaluate both countries economic growth right now).

Please use economic theories and terms whenever possible.

Reference

  1. https://itif.org/publications/2020/01/16/understanding-south-korea-japan-trade-dispute-and-its-impacts-us-foreign
  2. https://youtu.be/zEf66tDHZZs

 

 

Evaluate critically, as a classical or Keynesian economist, what caused the 2007 to 2009 financial crisis.

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The Federal Reserve used many practices unfamiliar to the U.S. central bank. Respond to the following components as an economist representing either the classical or Keynesian school:

*Evaluate critically, as a classical or Keynesian economist, what caused the 2007 to 2009 financial crisis.

*Examine the causes that aggravated the financial crisis during the period?

*Evaluate the actions that the Federal Reserve and the government took during this period. Do you support their actions in both monetary policy and fiscal policy? Why or why not?

*Recommend an alternative policy or method that could have better resolved the financial crisis if you were a decision maker (of monetary policy or fiscal policy) during the period.

*Give advice, as a prominent classical or Keynesian economist, to the Federal Reserve and/or federal policy makers to prevent future economic or financial crises.

The Classical and Keynesian Debate paper

Must use at least five scholarly, peer-reviewed, and/or other credible sources in addition to the Course Text.

Must be five to six double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center APA Style resource (Links to an external site.).
Must include a separate title page with the following:
Title of paper
Student’s name
Course name and number
Instructor’s name
Date submitted