Economics

Students have the freedom to design the brochure in a way that helps the general public understand the specific issue.  The easiest thing to do is create a new document in Microsoft Word and select a tri-fold brochure.  Make sure the brochure is two-sided.  The point of the brochures is to highlight an economic issue with solid data and economic reasoning to raise public awareness.  Students must clearly favor or oppose the policy in the brochure in a compelling way with strong economic reasoning.  A grading rubric has been loaded in Canvas. Policy Issue #2 – The government determines that Wal-Mart is operating as a monopoly and is putting smaller, locally owned, companies out of business.  Their plan is to break Wal-Mart into 3 smaller independently owned companies such as Wal-Mart Grocery and Pharmacy, Wal-Mart Hardware and Automotive, and Wal-Mart Home Goods.

1. Give an example of a firm or industry that has exhibited dramatic technological progress. Briefly describe the progress. Was this technological progress neutral, capital-saving, or labor-saving? 2. Discuss at least two determinants of labor productivity that you think are most important.

The purpose of the short project is to encourage the students to relate the class material to real-world situations and events, and to improve the critical thinking skills of the students. It also aims to develop a habit of keeping up with current events. Each student has to read 2 recent news article (published in the last 2 years) of their choosing, which provides a real-world example of a concept studied in microeconomics, briefly summarize the article and explain how it is related to microeconomics and why you think it provides an example of the concept of your choice. The following are some concepts you can provide examples of: forces of supply/ demand, price ceiling, price floor, monopoly, oligopoly, monopolistic competition, perfect competition, externalities, solution to an externality, opportunity cost, etc. Students are encouraged to find news articles and events related to any microrelated field of economics (e.g. Labor economics, Health economics, Behavioral economics, etc.), even if a chapter in the selected field is not discussed in Principles of microeconomics. In the latter case, students are encouraged to discuss their idea with the instructor before proceeding to preparation of the project. Students have to write about 1-2 pages (single spaced, Times New Roman, 12pt.) *FOR EACH ARTICLE. This includes a summary of the article, source of the article (e.g. a link to it), the concept exemplified, and a discussion/ explanation of the relevance of the article to economics and the way the article illustrates the selected concept(s) Essay pro writer must find two separate articles published within the last two year and connect them to separate microeconomics topic. This is a entry level economics class so please don’t write about advanced topics. again don’t get too advanced.

Research question: How is coronavirus affecting Spain and Italy? What are the economic affects of the pandemic in these countries? Attached is 8 sources and annotated bibliography which could be used about this topic.  Research Paper prompt and criteria  15 pages, with additional works cited page Double-spaced Paper Structure: Introduction 1-2 pages Overview and argument(strong thesis with signposts) Engagement with literature 4-6 pages What have experts said on this topic Analysis 4-5 pages What have you uncovered? What methods are you using for analysis Data and literature that supports or makes evident your argument Conclusion 1-2 pages Summary and what questions does this research raise?

Japan suffered from the “lost two decades” from the early 1990s until 2012 when Abe Shinzo  was  elected  as  a  new  Prime  Minister  and  he  began  to  implement  his  ambitious  economic recovery plan commonly known as “Abenomics” Discuss the causes and consequences of the longest and most severe recession in Japanese history and the future of Abenomics. The term paper should be 15 to 20 pages long in double space (including tables, graphs and diagrams). The term paper is due by December 4 (Friday). If you do more research on your paper providing tables and graphs, you’ll get a better grade for your paper.

Citi Bike is a successful bike sharing program in New York City. You want to start a similar business in San Marcos, TX. The goal of this analysis is to convince investors that a bike-sharing program in San Marcos, Texas is a solid business proposal. You want to format your story so it’s persuasive! You will also want to include information about both New York City and San Marcos—after all, the investors will need to understand how the Citi Bike program for New York City applies to your proposal. Objectives Professionally formulate an analysis utilizing previously learnt Microeconomics theories and techniques. Instructions The tasks for this challenge are broken up into three key steps: 1. Select the question(s) you want to answer. These questions are not directly included in your analysis. They help you to formulate the analysis. During this step, you’ll consider which results you want to share with your audience. What do they want to see? How can you use that information to make their decision making process easier? You ask yourself these questions and try to find the answers in your research step. These questions contain a main goal question for the whole analysis and questions that can help answer the main goal question. Example questions: Will this program be profitable in San Marcos, Texas? What is the population of San Marcos? How does its population compare to the population of New York City? Does the population affect the number of people who will use the bike-sharing program? Are there any competitors in local market? etc.. 2. Do independent research. Consult various resources to help you get a better picture of what a bike-sharing business would look like in San Marcos, Texas. 3. Craft your story and write a well-structured analysis. Share your thoughts with your audience (investors). A good structure needs: ·       A beginning paraph briefly introduce the project and your major findings/suggestions; ·       A main text (a few paragraphs) for the analysis including some details and clarifying points that the audience may not understand; ·       A conclusion paragraph; ·       References of the resources you used in your analysis. Length of the Analysis At most one page.

Create and submit a formal outline of your final portfolio project. Adhere to the following standards: Your outline should be 1-2 pages in length, not including the title or references pages. It can be either a topic or sentence outline and should include information from at least 5 references. The Economics Library Guide (https://csuglobal.libguides.com/economics) is a good tool to use for your research (sources such as The Balance, EconomicsHelp.org, Investopedia, and other help websites are NOT acceptable). Review the grading rubric to see how you will be graded for this milestone assignment. Keep in mind that the more detail you include in your outline now, the easier it will be to write your paper from this outline later.

Introduction Work with your instructor to choose a firm that matches the following criteria: a publicly traded company operating in the U.S. market that is currently in business. a) Outline the purpose of this paper and how it will inform your conclusion. b) Summarize the history of the firm, and provide an overview for what the firm does and what goods/services it sells. Explore the supply and demand conditions for your firm’s product. a) Evaluate trends in demand over time, and explain their impact on the industry and the firm. You should consider including annual sales figures for the product your firm sells. b) Analyze information and data related to the demand and supply for your firm’s product(s) to support your recommendation for the firm’s actions. Remember to include a graphical representation of the data and information used in your analysis. Examine the price elasticity of demand for the product(s) your firm sells. a)  Analyze the available data and information, such as pricing and the availability of substitutes, and justify how you determine the price elasticity of demand for your firm’s product. b)  Explain the factors that affect consumer responsiveness to price changes for this product, using the concept of price elasticity of demand as your guide. c)  Assess how the price elasticity of demand impacts the firm’s pricing decisions and revenue growth. Examine the costs of production for your firm. a)  Analyze the various costs a firm faces, their trends over time, and how they have impacted your firm’s profitability. b)  Apply the concepts of variable and fixed costs to your firm for informing its output decisions. For instance, analyze how different kinds of costs (labor, research and development, raw materials) affect the firm’s level of output. Explore the overall market for your firm a)  Discuss the market share of the firm and its top competitors by providing details on current percentages for each firm and describing the trend over time. You might consider presenting the data graphically. b)  Analyze the barriers to entry in this market to illustrate the potential for new competition and its impact on your firm’s future in the market. c)  Describe the market structure for this firm, and analyze how this affects the firm’s ability to influence the market. Recommendation a)  Develop a recommendation for how the firm can manage its future production by synthesizing the data presented. b)  Suggest how the firm’s position within the market and among its competitors will allow it to take your recommended action. c)  Describe how the firm can sustain its success going forward by evaluating the findings from demand trends and price elasticity.

In the essay, students will demonstrate that they understand relevant economic theory and how it can be applied to a real-world resource economics issue/problem. Students are to use relevant literature to support claims that are made about theory and practice. The key is to build an argument on a foundation of theory and supported by real-world examples and evidence. To approach this task, you are to set out the economic theory and literature relevant to solving or reducing the issue/problem.  Then the evidence from the real world is used to make an argument for particular approaches to solutions to the issue/problem, and conclusions are drawn. In sum: first set out the economic theory, then detail the practical situation of interest using examples and evidence. Basically, my theory will be on economic growth and the issue is improving food security, using Bangladesh’s as the prime example. This country managed to improve its food security with economic growth, the main points I want to be highlighted is “addressing income shortage”, “investment into agriculture R&D”, “Liberalizing national trade”, and “educating women”.

Please read and view the 60 minutes video below and provide your feedback on the cost of end of life care.  https://www.youtube.com/watch?v=F6xPBmkrn0g (Copy and paste the link in your web browser) High Cost of Dying In America  CBS 60 Minutes link:  High Cost of Dying In America Every medical study ever conducted has concluded that 100 percent of all Americans will eventually die. As the US looks for ways to trim spending, one of the most relevant issues becomes: Are the dollars put into end-of-life care the most cost-effective way to allocate our scarce medical care resources? Taken even a step further, who should bear the costs of our desire for longer and happier lives (quality of life)? Should this be an individual effort? Or should the Government for whom we pay taxes to and work for be the one to provide longer and happier lives (quality of life) for it citizen. Please respond to this question after reading the assigned readings Chapter 12 “Policies That Enhance Access” and “The Aging of the Population”. Your response should not be less than two pages or 600 words and include the usual requirements of proper grammar, spelling etc.  As the US looks for ways to trim spending, and one of the most relevant issues becomes: Are the dollars put into end-of-life care the most cost-effective way to allocate our scarce medical care resources? Taken even a step further, who should bear the costs of our desire for longer and happier lives (quality of life)? Should this be an individual effort? Or should the Government for whom we pay taxes to and work for be the one to provide longer and happier lives (quality of life) for it citizen. Please respond to this question after reading the assigned reading, Chapter 12 “Policies That Enhance Access” and “The Aging of the Population”. Your response should not be less than two pages and include the usual requirements of proper grammar, spelling etc.