Find the Rank and Overall Score in economic freedom (overall) of the countries that you were using in part I of the assignment. Present this information as table(s) in your project. Find the scores in business, trade, financial freedom, and property rights of the countries that you were using in part I of the assignment

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Today, we live in the most prosperous time in human history. Poverty, sicknesses, and ignorance are receding throughout the world, due in large part to the advance of economic freedom. In 2020, the principles of economic freedom that have fueled this monumental progress are once again measured in the Index of Economic Freedom, an annual guide published by The Heritage Foundation, Washington’s No. 1 think tank.

For twenty-six years the Index has delivered thoughtful analysis in a clear, friendly, and straight-forward format. With new resources for users and a website tailored for research and education, the Index of Economic Freedom is poised to help readers track over two decades of the advancement in economic freedom, prosperity, and opportunity and promote these ideas in their homes, schools, and communities.

The Index covers 12 freedoms – from property rights to financial freedom – in 186 countries.”

Click on COUNTRY RANKING to find the Rank and the Overall Score of economic freedom.

Click on EXPLORE THE DATA to find the Rank of business, trade, financial freedom, and property rights.

  1. Find the Rank and Overall Score in economic freedom (overall) of the countries that you were using in part I of the assignment. Present this information as table(s) in your project.
  2. Find the scores in business, trade, financial freedom, and property rights of the countries that you were using in part I of the assignment. Present this information as table(s) in your project.
  3. Compare the Rank in economic freedom (overall) and other indicators with the order of the countries using the per capita GDP in the table in part I of the assignment.
  4. Write a report in your own words (1 page, double-spaced), which contains the analysis of the results that you received. Discuss the significance of the data and what you feel is the relevance of rankings. Please reflect on what you have learned from this assignment.

 

Apply economic principles and accounting principles to firms at microeconomic level in the U.S. Construct a case study/research paper that examines a firm in the U.S. from a microeconomic standpoint and provide suggestions based on your findings.

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Construct a case study/research paper during the course of the semester. The primary purpose of the paper is to: Further understand the economic way of thinking and the accounting implications. Give you an incentive to think critically about course information. Apply economic principles and accounting principles to firms at microeconomic level in the U.S. Goal: Construct a case study/research paper that examines a firm in the U.S. from a microeconomic standpoint and provide suggestions based on your findings.

Choose a firm for your focus. In addition to picking a firm that you find interesting, you will likely want to pick a firm that has available data (or a firm that for which you can personally provide data). Publicly traded companies file reports with a great deal of data (mandatory).

Complete an analysis of the following categories for your firm. You should complete each section as we cover it in the course – although the paper is not due until July 8, 2020.

What does your firm do? Introduce your firm

How have supply and demand conditions impacted the firm in recent years?  Examine the costs of production for your firm.

What is (are) your firm’s primary competitive advantage(s)? Are there entry barriers for firms in this industry?

What substitutes are available for your product?

What is the market share for firms in the industry?

What market structure best describes the conditions your firm faces?

Based on the characteristics of your firm, provide advice regarding what you think the firm should do going forward and provide a prediction of their future.

Bombardier specializes in planes and trains. Which business markets does Bombardier seem to focus on? There may be more than one answer. Also what do you think is the most important concern of Bombardier’s customers: price, quality, service, or supplier relationships?

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Bombardier specializes in planes and trains. This Canadian company’s primary markets are governments and businesses that purchase railroad and airplane related products. Bombardier also markets corporate jets under the names of Learjet, Challenger, and Global. Bombardier markets their products’ fuel efficiency, low operating costs, and other benefits.

Which business markets does Bombardier seem to focus on? There may be more than one answer. Also what do you think is the most important concern of Bombardier’s customers: price, quality, service, or supplier relationships?

Summarize the research paper. What is the motivation for the research? What data was used? What is the paper’s economic model? What were the results? What conclusions can we draw from the results? Are there any government policy implications?

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Summarize the research paper. What is the motivation for the research? What data was used? What is the paper’s
economic model? What were the results? What conclusions can we draw from the results? Are there any
government policy implications? Each research paper will begin with an abstract, which is a summary that usually
contains all of the above. Use the abstract to help you write your own summary, but make sure your
summary is your own and goes beyond simply paraphrasing the abstract.
2. Write out the main economic model of the paper. It will nearly always be a mathematical equation with variables.
A research paper will often contain multiple models, but there is typically one “primary” model that is the main
focus of the paper, while the others are intermediate steps. Explain the economic model in your own words. What
is the primary cause-and-effect relationship the model examines? Next, come up with your own model that builds
upon the one in the paper. What new research could an economist conduct that builds upon the research of your
economic paper?

Discuss the firm’s profitability with an explanation of the difference between accounting profit and economic profit. Examine the costs the company incurs and discuss whether the majority of costs are fixed or variable in nature.

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Identify background information on the company, including the company name, ticker (stock) symbol, GICS Sector, and GICS Sub Industry.
Summarize the products the company produces and sells, and who their target customers are.
Describe factors that could shift the demand curve for the company’s product(s)
Describe factors that could shift the supply curve for the company’s product(s)
Describe whether the company’s product(s) would be expected to have an elastic demand or inelastic demand.
Discuss the firm’s profitability with an explanation of the difference between accounting profit and economic profit.
Examine the costs the company incurs and discuss whether the majority of costs are fixed or variable in nature.
Describe the market structure that best describes the market the firm is in.

Analyze how the market structure affects the profitability and pricing power of the firm.
Include at least five scholarly references in addition to the course textbook (Mankiw, N.G. (2018). Principles of microeconomics – 8th ed. Stamford, CT: Cengage Learning). Sources such as The Balance, EconomicsHelp.org, Investopedia, and other help websites are not acceptable.

International Business Diplomacy after Coronavirus Pandemic. Analyze and predict how the coronavirus pandemic will impact the international business diplomacy including discussion on how we should prepare at national and/or international level.

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The world is paying attention to the ongoing pandemic disease, coronavirus also known as COVID-19. Unlike other viruses such as SARS and MERS, COVID-19 is driving modern societies to the edge of the cliff. The World Health Organization (WHO) declared a Public Health Emergency of International Concern due to its impacts on varied fields. Several scholarly groups are concentrating on finding a truth connoting that the virus not only disturbs global health but also mortally disorder overall economies and politics both at domestic and international levels.

Although the technology industries are becoming more conspicuous to quarantined societies, the prospective indication after this outbreak denotes an economic plunge in IT stock markets. Since the government fortified to close the places where people need to be drawn closer, schools, companies, and public places, workers, students, and teachers start using the technology to contact each other and enrich their quarantined lives. On that account, technology companies like Zoom, Netflix, and Amazon have great alternation in their share price (BBC News). According to the graph, we can realize that the share price of Zoom has the largest increase between five month. However, this positive effect can bring negative changes after the pandemic. The quarantined life and lockdown are the reason why the consumption of these technologies is incredibly increased but after this, there is a tendency that people may not use them as often as now. Thus, they might face the tremendous loss of their finance because of reduced demand. For example, when this pandemic situation gets better, students and workers can go back to their normal life. Then, the consumption of the technology might be decreased. To prepare for that situation in domestic degrees, the governments need to support the companies for assuring workers’ leisure time. Also, for schools, they can help them to have a ‘smart class day’ in which the students and teachers have classes using the technology. For the international level, countries should have meetings virtually when they have an emergency or lack of time to meet in-person. If we prepare like these, we will be able to prevent the great recession from the technology industry.

International Business Diplomacy after Coronavirus Pandemic. Analyze and predict how the coronavirus pandemic will impact the international business diplomacy including discussion on how we should prepare at national and/or international level.

Write a report about the Impact of Covid19 on two markets of your interest. For every market, discuss the following points:- how the changes in the demand determinants and supply determinants affected the demand and the supply i.e, how Covid 19 affected the market supply and demand

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Write a report about the Impact of Covid19 on two markets of your interest. ANY two markets you choose in ANY country you choose. Two actual markets NOT hypothetical. Examples for markets; Hand sanitizers, soap, essential food markets (like milk, eggs, meat and bread) cloth, tourism, air flights, public transportation, uber, stock market, fast food markets), etc…
step 2- For every market, discuss the following points:- – how the changes in the demand determinants and supply determinants affected the demand and the supply i.e, how Covid 19 affected the market supply and demand? – how the changes in the supply and demand affected the equilibrium price and quantity. – how the two markets affect each other. Are they complements or substitutes? How the changes that take place in one market affect the other? – the elasticity of demand in the two markets i.e, how sensitive the quantity demand is to the changes in prices. (Week 3 material) – Did the government intervene in any of your markets? How? What is the implication if any? Step 3- You don’t have to collect data for this assignment. You just need to understand how the Covid 19 affected the market supply, demand, price and equilibrium in the market in general without exact values that might be hard to collect. You can show the changes in the demand and supply graphically without values. You will need to conduct some research in order to understand how the market performed before, and after the Covid 19. Below some references where you can search for articles about the impact of Covid19 on the markets that might interest you.

What is the public choice idea or theory? Explain what rent seeking is. How can you combine the ideas of public choice and rent seeking? Choose one real-world example of combining public choice and rent seeking to evaluate.

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Prior to beginning work on this discussion, read Tim Worstall’s article, One Benefit of Nancy MacLean’s Democracy in Chains – Public Choice and Rent Seeking Popularized.
Based on the article’s information and Chapter 14 in your textbook, especially Sections 14.1 and 14.2, respond to the following:

What is the public choice idea or theory?

Explain what rent seeking is.

How can you combine the ideas of public choice and rent seeking?

Choose one real-world example of combining public choice and rent seeking to evaluate.

I require that you include the section number where you found your answers. For example: (Amacher & Pate, 2019, section 2.3).

Use these references:
Amacher, R. and Pate, J. (2019). Principles of microeconomics (2nd ed.).

Worstall, T. (2017, August 6). One benefit of Nancy MacLean’s democracy in chains – public choice and rent seeking popularised. Forbes

Describe how a country can measure its income inequality. Evaluate the effect of income inequality on the U.S. economy, such as unemployment, economic growth, and other economic factors.

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Read the Chapters 12, 13, and 14 to help answer some of these questions below. Prior to beginning work on the Final Paper, read Steven Strauss’ article, The Connection Between Education, Income Inequality, and Unemployment.

In your Final Paper, you should address the following based on the information presented in the article and other research:

Describe how a country can measure its income inequality.

Evaluate the effect of income inequality on the U.S. economy, such as unemployment, economic growth, and other economic factors.
Estimate the gap between those who hold bachelor’s and higher (master or doctoral) degrees and those who do not.

Explain reasons why the inequality gap between educated and less-educated workers has been widening.

Evaluate whether increasing opportunities for higher education can reduce income inequality.

Analyze what else causes U.S. income inequality to widen.

Explain Background, history, and current economy within Venezuela. How did Venezuela go from being the wealthiest country in South America to one of the largest failures in modern day economic history.

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  • Identify your topic – Economic Indicators and Infrastructure of Venezuela and its relation to the current crisis.
  • Explain why your topic is of interest and significance to you and to the field:
  • Identify specific questions you wish to answer.
  1. Explain Background, history, and current economy within Venezuela.
  2. How did Venezuela go from being the wealthiest country in South America to one of the largest failures in modern day economic history.
  3. Explain why Venezuela has the world’s largest proven oil reserves, but its production is less now than it was in the 1970s.
  4. Explain how unemployment has reached 44 percent.
  5. How has the current leadership within Venezuela added to the economic fallout?
  6. Is the current Western/Non-Western involvement directly correlated to the current crisis?
  7. What does the future of Venezuela look like?