Economics

• Write an individual essay about the economics of the COVID-19 pandemic of 2020 • Carefully identify and evaluate the economic problems of the pandemic. • Apply economic theories from the history of economic thought discussed during this module. • Critically evaluate the strength and limitations of these theories. • Formulate a balanced judgment in your conclusions on the usefulness of these economics theories for understanding and addressing the problems caused by the pandemic. 1. Introduction Heilbroner, ch. 1, 2; Foley, preface; Landreth & Colander, ch. 1–3 2. Adam Smith Heilbroner, ch. 3; Foley, ch. 1; Landreth & Colander, ch. 4. 3. David Ricardo and Thomas Malthus Heilbroner, ch. 4; Foley, ch. 2; Landreth & Colander, ch. 5 4. Karl Marx Heilbroner, ch. 5, 6; Foley, ch. 3; Landreth & Colander, ch. 6, 7 5. The Marginalist Revolution Heilbroner, ch. 7, Foley, ch. 4; Landreth & Colander, ch. 8–10. 6. Keynes Heilbroner, ch. 9, Foley, ch. 5; Landreth & Colander, ch. 15 7. Institutional Economics 1 8. German Historical School 9. Austrian and Neoliberal Economics 10. Recent Trends in Economic Thinking 11. Economic Methodology

Historically, a correlation has existed between educational attainment and income level.  Acquiring more education (human capital) has always been promoted as a means of escaping poverty.  Unfortunately, due to rising college costs, students have taken on unprecedented levels of student loan debt.  For this paper, you will research (with a minimum of three additional resources) the “student loan bubble” and proposed solutions to assist the impacted economic actors. The paper should address some of these main issues: -Rising college costs and the reason for them. -Is a college degree still worth the investment? -What has been the trend in student loan debt over time? -What are the individual and societal consequences of excessive student loan debt? -What are some current proposals or programs aimed at solving the problem? -What are some counter-arguments against student debt forgiveness? -What responsibility should be borne by the borrower for the problem? -Should college be reformed and if so what a reform look like?

Term Paper Project Requirements: *****Select an economic topic relating to microeconomics. Example” The economic significance of price controls “(See samples of the optional term paper topics and work) The economic effect of immigration in the United States. Government and individual markets. Economics of market systems, production, and Globalization. The effect of drugs and the household. ? Collect as many articles from recent or current issues (year 2018+) of the Wall Street Journal, News Media, or any Business Journal that relates to your selected topic of microeconomics. Analyze at least ten to fifteen of these articles to select the information necessary to support your topic. You must at least indicate twelve articles usage in your work and also the citation page. Make sure you distinguish the following in your work; INTRODUCTION, BODY, & CONCLUSION (Bold or Underline) Also, you must number your pages excluding cover and citation pages. The required pages should range from ten to fifteen pages of content excluding cover and citation pages You must use all your skills in producing excellent work- accuracy, grammar, spelling & general format of writing a college term paper. (MLA, APA, Chicago style, etc) Your work must be typed, double-spaced, and submitted to me on canvas within the assigned time in the syllabus.

Why is the drug trade is so profitable for illicit drug dealers? What is money laundering? Describe the three stages of Money Laundering How would drug gangs do money laundering using legitimate Enterprises?

Please answer ALL the following questions and ALL parts for each question. In order to write excellent answers you need to use additional resources and to critically analyse, summarise, compare and contrast the resources chosen. 1. Please answer all parts of this question: a. Compare and contrast perfect competition with monopolistic competition, outline the underlying assumptions and provide examples of both market structures. b. Explain and show diagrammatically the short-run and long-run equilibrium of the firm both under perfect competition and monopolistic competition. (In total maximum 800 words; 40 points) 2. Define a natural monopoly, illustrate the underlying characteristics and provide examples of situations where natural monopolies are likely to occur. (In total maximum 600 words; 30 points) 3. With the use of examples, illustrate how governments can encourage innovation. (In total maximum 600 words; 30 points)

Find any Internet resources(one for each concept below, they can even be from famous journals or newspapers like a historical event, some affecting case, journalistic material, statistical or scientific research from google scholar) and describe everything in one economics essay (all information from sources should be in terms of economics), APA format, with the cover page and works cited list. Not less than 3 pages needed, not including the works cited list and the cover page. 1. why productivity is so important 2. the importance of long-run growth 3. The trade-off between risk and return 4. Does the unemployment rate always measure what we want it to? 5. Why there are always some people unemployed? 6. are unions good or bad for the economy? 7. how the fed influences the quantity of reserve or reserve ratio or money supply. (pick one, or in case you could not find a source for one or two from the concepts above, pick the rest one or two from this point number seven instead and make them separate concepts.)

Please watch the video below. https://youtu.be/nJHexFKFcEQ https://youtu.be/_6INqNwFF20 Reflect on two documents: (To receive full credit, you must respond and comment on two other students) (1) Why we Took Coca Out of Coca-Cola (2) Cocaine out of Coca-Cola_Blacks Questions: What were the real reasons that coca was taken out of Coca Cola? Do these reasons mean that cocaine was not or is not harmful? How then could you still justify the prohibition of Cocaine by the government of the USA

Discuss cost implications of monopoly or near monopolistic organization (select a specific company) or discuss how competition could better the industry/market. Respond to classmates with barriers of entry and your economic opinion on how market entrants could benefit consumers.

Write an economic report according to the information given, Table or Figure and reference are necessary. The requested country is Burundi . Some of the resources available are also given in the files. If you cannot open the files, here is account to login in. ( username: zifanfeng password: Academic2018. ) The specific requirements are as follows: Writing Assignment: Your perspective is that of a policy analyst with an international organization such as the World Bank who is preparing a brief study of a country with one key recommendation to increase growth. You may also take the perspective of a critic of government policy but the framework of your essay will be essentially the same. Your analysis should be fact-based and you should substantiate your arguments with concepts learned during our class throughout your report. While this two-page description of the assignment is a good summary, I will provide a more indepth discussion of the expectations for this report during class. To do well on this assignment, you must also pay attention to that in-class discussion. Outline: Part I. (1-2 pages) Introduction and Overview Table 1 or Figure 1 Growth of output per worker y since earliest year, current y, and three other indicators of your choice compared to least one other country. Other indicators should reflect the general theme of your analysis. We will discuss many possible indicators, such as share of labor in agriculture, child mortality, average years of schooling, and many others. Part II. (3-4 pages) Steady-state and growth analysis Table 2 Steady-state analysis and policy intervention (change in h, s, or A) based on template The change in parameter must increase y* by at least 20%. Table 3 Five-year growth projection from policy intervention based on template This section should discuss the steady-state situation for your country and introduce your policy intervention. Part III. (3-4 pages) Policy Intervention Depending on your policy intervention you should focus on one of following: Macroeconomic policy (s) Human capital and/or equity (h) Openness to global economy (A or s) Political and institutional quality (A or I) Your analysis should be backed up by at least one additional data source to substantiate your analysis, preferably presented in a graph. Graphs should be numbered and referred to in the text. (See example below.) You must present graphs you construct from data obtained from many resources we will discuss in class, including the PWT data provided for this report. Part IV. (1 page) Brief summary Econ 114B Country Report Guidelines Marshall General Guidelines: The page guidelines are approximate and include tables and graphs and text in 12-point font and double-spaced lines. This assignment will be posted in electronic format to GauchoSpace. Specific details will be provided in class. You should include at least 4 citations to The Growth Report and Introduction to Economic Growth (IEG) as you explain features of your economy and justify your policy intervention. If your perspective is as a critic, you may include in your four citations the works we discussed in class by Acemoglu and Easterly. You should number these citations and you may use short-hand abbreviation as follows: “Country X experienced high inflation on the order of 10 percent per year in the last decade, as shown in Figure 1. This macroeconomic instability is detrimental growth and countries perform best with inflation in the single digits (3. The Growth Report, page 53)…” You should refer to all figures and graphs in the text at least once, as in the example above. You may abbreviate the textbook by IEG. You do not need a bibliography unless you are citing sources other than the two course reference. In this case just include a list of sources at the end, and reference these sources by title and page within the text as in the example above. Grading Rubric: Students whose total points for the country report is equal to 35 will receive 35 points based on the rubric below adjusted by percent. For example, if you score 28/30 and the report has a 35 point weight, your score will be (28/30)*35. Item Assessment Points Table 1 Formatting 2 Quality of indicators and comparison countries 2 Table 2 & 3 Formatting and accuracy 4 Part I / IV Clarity and focus 2 Part II Clarity and focus 3 Part III Quality of choice and presentation of indicators to substantiate policy intervention 4 References Clarity and relevance of 4 citations 8 Overall Overall depth and quality of analysis, including additional citations. 5 Total 30 And some wedsite resource 1.https://www.heritage.org/index/ranking 2.https://www.doingbusiness.org/en/doingbusiness

Please watch the video below. https://youtu.be/nJHexFKFcEQ https://youtu.be/_6INqNwFF20 Reflect on two documents: (To receive full credit, you must respond and comment on two other students) (1) Why we Took Coca Out of Coca-Cola (2) Cocaine out of Coca-Cola_Blacks Questions: What were the real reasons that coca was taken out of Coca Cola? Do these reasons mean that cocaine was not or is not harmful? How then could you still justify the prohibition of Cocaine by the government of the USA