Tag: Economics

John and Sotiris live on trees in two different forests. They each have eight hours to work in a day. John can grow a Yam in 1 hour or raise a Zebra in 2 hours. Sotiris can grow a Yam in 2 hours or raise a Zebra in 4 hours. Both John and Sotiris consume equal numbers of Yams and Zebras.

(a) Clearly draw and label PPFs for John and Sotiris and their consumption bundle in autarky, with Zebras on the vertical axis, showing how you calculated this. Define and find the opportunity cost of a yam on each island and discuss how it can be represented on each PPF.
Does John or Sotiris have an absolute or comparative advantage in producing either Yams or Zebras? (5 marks) aprox- 200 words and labelled PPF

(b)Now suppose John and Sotiris can freely trade at a price of one Yam per Zebra. How much of each good will John and Sotiris produce and consume? How much better or worse off in percentage terms are John and Sotiris? How is this possible? (5 marks)- aprox 150 words

(c)When calculating the welfare benefits of markets, the standard analysis only includes the parties involved in exchange. Using the American Opioid Crisis as an example, explain how poorly regulated markets can cause harm to third parties not involved in exchange. (5 marks)- aprox- 150 words

Diagrams needed can be drawn on paper and taken a photo of or digitally. Please use slightly basic knowledge as it is an introductory course.

Step One: Research and Organize
For your investment portfolio, you will select three specific investments (e.g. companies for stock, mutual funds, bonds, banks for savings, or other investments) as described in the lesson. Based on your review of the lesson, you are now aware of the risk associated with each type of investment. To find specific examples of these types of investments to include in your portfolio, consider searching by type of investment and then narrowing your selection to a single investment such as a specific company or fund. Your portfolio must include ONE investment option for each level of risk: aggressive, moderate, and conservative. Organize your research by filling out a data sheet for each investment. Keep in mind that that the rates of return are unknown for some types of investments. Use these resources to help you find the following information:

Teen reading the financial section of the newspaper
© 2009 JupiterImages Corporation

Name of company or investment
Contact information
Company details
Type of investment (ex: stock, CD, mutual fund, bond, etc)
Risk level (high, moderate, or low)
Expected rate of return
Minimum required investment (dollar amount; note for stocks, this is the cost of one stock at current trade price)
Why are you interested in this investment? (Be sure to discuss statistics found in research and include at least five sentences.)
Stock tables can be a valuable resource for your research. Many websites update these daily and provide important criteria to investors. You can view this information in various formats in print or online, but all will report the same basic statistics. Learn more about how to read a stock table.

Step Two: Gather evidence
Collect visuals representing important information about your investments. Examples of visual evidence include screen captures of a website showing stock values for a given day, a scanned image of a newspaper stock table, etc. Evidence should show the date of publication as well as the source. You can also choose to create graphs illustrating the prices of your individual stocks over time and a graph of the overall portfolio value over time.

Question 2

Is fiscal policy more useful, less useful or equally useful compared to monetary policy to avoid the loss of confidence generating a recession? Discuss and compare how fiscal and monetary policy can be separately used in response to the dynamics caused by the loss of consumer confidence. (12 marks) aprox. 300 words

Question 3

(a)The cost of buying a new head office for a firm that sells oranges in a perfectly competitive market has increased by 2%. What will happen to the price of oranges and the profit maximising quantity of oranges as a result, and why? Aprox.300 (12 marks)

(b)Why might governments allow the creation of monopolies via patent protection, despite the other negative effects of monopolies? Provide a brief answer of up to a maximum of 100 words. (13 marks) aprox 300 words

Question 4

In class, we have seen that free exchange under perfect competition can mutually benefit both consumers and producers. In words, briefly explain how this is possible. Then clearly list five situations that free exchange can hurt consumers or producers and an assumption about perfect competition that situation violates. (10 marks) aprox 300 words

please use information from only the slides as it is an introductory course.

PPT shows the guideline on how to write the research paper. The paper should contain all things that appear in the slides. The hint written in the speaker note is the basic analysis of the related charts. Don’t just simply copy that. Simply put, please write this speech as a research essay. The source of all charts also contain in the speaker note.

Choose any, ONE specific, relatively low-wage occupation (for example, “cashier,” “food server,” truck or bus “driver,” or “home healthcare aide”) and then, project both the direction and the percentage rate of change of the quantity of labor input demanded (i.e., aggregate employment*hours) for this job–based on labor-demand side factors:
A) in the short-run (next year) vs. in the long-run (over the next 10-years):
B) if that job becomes influenced by (you choose just) ONE of these new public policies:
i) an increase in the legal minimum wage rate (e.g., gradually to $15/hour),
ii) the 1.5 (150%) premium pay for any “overtime” work hours is owed for any hours per week beyond a 32-hour workweek,
iii) a hazard pay premium is required for all hours worked in labor markets where jobs are exposed to health risks, such as a contagion/pandemic.
iv) there is a minimum paid time off for all jobs in all industries of 2 weeks per year.

Analyze the following predictions made for the current state of the labor market:

A) “labor markets will have more monopsonies, with a single dominant employer. But also will have more labor unions representing workers. So the net result on equilibrium wage (W*) rates could go up or down (ambiguous, indeterminate).”

B) “employers’ demand for labor will continues to rise, then both the level of wage (W*) rates and quantity of employment and work hours (QL*) will rise, in labor markets where there is pure competition conditions.”

C) “labor shortage conditions will continue and unemployment rates will keep declining in 2022, due to the combination of frictional, cyclical and structural sources of unemployment, however, they will likely increase in 2023.”

D) “employers will accelerate the automation of some jobs–capital for labor substitution–in order to to pay fewer workers and reduce their labor costs.”

Dear writer,

I am writing an essay about Post Covid economy: shall we reshore our manufacturers. I have wrote the whole essay but then realized that the essay does not include anything about covid and rather post economy: shall we reshore our manufactures. I would like you to re-write some parts of the essay to include aspects about covid and it’s influence towards the topic. Perhaps writing a small part within the essay and amending the current conclusion in order to stay in topic (post COVID) Due to the word count, 1,300 words or – 10%, adding more than a hundred words would exceed the accepted word count. Thus, i would like you to focus on bringing the essay back to topic as well as adding a possible small parts within the essay it self and most importantly the conclusion. In the documents section, you will find a copy of the essay following the professors instructions. I might have missed something in the instruction, I would like you to also go over it just in case.

write a 1-2 page paper

read the following attached documents and for Goodwin only read pp. 266 o 271

1. An Introduction to Cost Benefit Analysis Watkins” .(located in the Module 6 Additional Readings folder.)
2. Goodwin, et al. Microeconomics in Context, Ch 12, “The Economics of the Environment”, Ch. 12, pp. 266 o 271 ONLY.

please follow the instructions below

Suppose the following: The South Bronx is one of the City’s areas with waste transfer facilities. Trucks bring waste to the facilities to be repackaged and sent by rail and boat to other states. The steady stream of trucks driving through the area creates poor air quality and higher rates of asthma as well as noise. The area has higher rates of hospitalizations for asthma-related illness than most neighborhoods in the City. Residents, as well as property owners (of apartment buildings and single-family homes) feel the poor air quality reduces their quality of life and their property values.
Suppose the City is considering a proposal to build a new, more efficient waste transfer station in Red Hook which will reduce the number of truck trips in the South Bronx by three-quarters (or 75 percent). It is expected to improve air quality and reduce asthma-related hospitalizations in the South Bronx by one half. The new waste transfer station will take two years to build and the reductions in asthma-related hospitalizations are expected to begin one year after that.
One of the first steps in conducting a cost-benefit analysis (CBA) is to identify the costs and benefits of the project and consider how they can be measured in monetary terms. Based on the readings, identify and discuss what you think should be included in the costs of the project (and why) and what should be included in the benefits of the project (and why). For each cost or benefit, discuss how you would measure it in $$.
Where it may be relevant, draw on nonmarket valuation techniques as needed. Also, would you need to use “discounting” to arrive at any of the cost or benefit calculations? If so, explain briefly how this would work.

Write a 4 pages paper about Impact of covid on the economy. The paper is to be clear and concise and students will lose points for improper grammar, punctuation, and misspelling. The paper should be formatted per current APA and 4 pages in length, excluding the title, abstract, and references page. Incorporate a minimum of 1 current (published within the last five years) scholarly journal articles or primary legal sources (statutes, court opinions) within your work. Very important– the system runs all papers through turnitin to check against other papers that have been submitted. Your turnitin index must be less than 30%, https://stu.instructure.com/courses/27437/files/1530409?verifier=A5vIrZceUqM0KxoIGFVwH6YQInjaWaLRuWRu1pFd

This first task has been chosen as it helps students in preparing a written report based on econometrics estimation, so to achieve competence writing and econometric reporting skills.

This task asks a student to import an economic data set provided during the lectures, motivate the relevant research question one wants to asses, set-up the appropriate econometric models and test the relevant set of hypotheses to address the chosen research question. The task is concluded with a post-estimation discussion of the results and the relevant conclusions.

This tasks addresses:
a. Learning Outcome 1- Knowledge and Understanding- to Demonstrate knowledge of the key concepts in econometrics necessary to Perform practical econometric projects;
b. Learning Outcome 2: -Intellectual, practical, affective and transferable skills- to Use appropriate software to undertake basic econometric techniques and interpret the results; and
c. Learning Outcome 3-Intellectual, practical, affective and transferable skills to Plan, execute and write up a practical econometric project.

Guidance Resources:

Textbook, Videos of the Lectures and Slides on Canvas

Assessment Marking Criteria / Scheme:

1. Introduction

Clear explanation of the background of the econometric study and the purpose and structure of the report. 30%

2

Estimation

The ability to handle the data proficiently showing your estimation process and econometric data analysis. 40 %

3

Discussion of the results and Conclusions 30%

Interpretation of the econometric results including an exploration of the implications for the relevant economic policies.

Conclusions linked to the results that are sound for policy makers