Economics

If you cannot manage 10 dollars,it is impossible to manage 1000 dollars.Discuss.

Thanks for your initial response to the Week 3 Discussion Question. In your post, you discussed well the US central bank, the Federal Reserve (Fed)’s monetary policy by adjusting the interest rates and money supply.This week, we will extend our knowledge of macroeconomics through economic growth. Among other determinants of labor productivity and economic growth, we will cover the political and legal environment, more specifically, the government’s effect on the economy through the Fed’s Monetary Policy (Week 3) and the White House’s fiscal policy (Week 4).Tax and government spending are the main tools of the Congress’ and the White House’s fiscal policy. When the economy is in recession, the government will decrease taxes and increase its spending in order to boost economic growth, GDP, and create more employment. This is the expansionary fiscal policy. We will discuss the fiscal policy in detail next week.During a recession, the Fed will increase the money supply and decrease interest rates so that they could increase consumption and business investment. This is the Fed’s expansionary monetary policy.All other expansionary fiscal policies of Emergency Economic Stabilization Act of 2008 and the American Recovery & Reinvestment Act of 2009, including huge increases in government spending and bailout programs, in addition to the massive quantitative easing by the Federal Reserve as their expansionary monetary policy (by increasing the money supply in credit markets and keeping Federal Funds Rate near 0% (zero) for a long time, eventually recovered the economy.Class,Why does a decrease in interest rates not always lead to desired outcomes such as an extraordinary increase in GDP and employment during a recession?

MODULE TITLE IS TRADE THEORY& POLICY SO MUST BE FAMILIARECS3015 – Essay Choose one country X. Cannot be one of the examples in class: US, UK, China.Choose one topic Y: – Economic growth – Employment – Life satisfaction – Inequality – Cultural diversity — Corruption – Democracy – Your choice (to be submitted for approval)the prime minister of X is being pressurised by the World Bank to further integrate into the global economy by facilitating trade. The prime minister is hesitant and particularly concerned about the potential effect of trade on Y. She puts you in charge of writing a report on the topic.The report should contain the following sections:1. Highlights (100 words) It should give the 3 to 5 main takeaways of your essay, in bullet points.2. Description of the context (300 words) You should give a succinct description of the trade patterns of country X, its openness to trade, its trade balance and their recent evolution over the past 40 years, with respect to neighbours and similar countries. One graph for each should be included. Also comment on the composition of exports and imports (raw materials, agricultural products, manufacturing, high tech, tourism, financial services) and on trading partners (very diversified, mainly rich countries, mainly poor countries).3. Theoretical background (300 words) It should use models seen in class, but should not be limited to those. You may refer to other models in the literature (reference them) and to arguments that you carefully developed yourself. You do not need to be exhaustive, concentrate on just a few (2 or 3) mechanisms that seem the most relevant to you.4. Empirical exercise (400 words) It should present a short econometric analysis of the effect of trade on Y, using cross country and/or cross-time variation. It should mention which measures you use for both Trade and Y, as well as the set of countries and the timeframe you are examining, and why. It should also discuss the different possible interpretations of the relationship between trade and Y, in particular the possibility of a causality running from Y to trade, or from a third factor to both trade and Y. (I HAVE AN EXCEL DATA WHICH YOU NEED TO COMPLETE THIS PART)5. Policy recommendation (300 words) It should mention whether you recommend that country X pursues opening to trade or instead maintains or increase trade protection, in particular in the view of addressing the concerns of the prime minister concerning Y. It should also identify the possible winners and losers of your recommendations, and suggest measures to make them acceptable to the largest numberYou should make references to the material covered in class, as well as your own readings. It has to be well-researched, well-written and well-referenced (see www.citethemrightonline.com ). Academic references are of great importance, so essays that reference some appropriately will get a better mark

GDP’s components are consumption (C), business investment (I), government spending (Gs) and international trade (exports minus imports, X-M):GDP=C+I+Gs+(X-M).An increase in any of the four components of the GDP will raise the GDP, GDP per capita, and average living standards.As we learn in this course, there are always benefits and costs to be considered in any economic process.Class,Please discuss why economists highlight sustainable development in the context of economic growth?

Another important law in economics is the “law of marginal returns or the law of increasing costs”. Discuss in terms of your study in this course, how might you know that you are at a point of diminishing returns, or where more study will not benefit you like it did before? Can you identify any of the costs discussed in this lesson in your decision about how much study is enough?

For the term paper, you are required to pick a current economic topic that relates to the material we have covered or will cover in this course. You will research and find an article that covers the topic you have chosen. You can use an article online or offline from any reputable source. You will write up a review of the article and integrate course concepts into your review. Please make sure you both summarize the article and discuss how it relates to the course.

THIS IS THE FIRST GRADED THOUGHT ESSAY-Make sure you use peer-reviewed sources.-Include a Word count at the end of the Essay (Maximum 500 words. Acceptable range 475-525).-Write and revise at least once before you post here.-Use Criterion for draft revisions.-Make sure you look at the attached Grading Rubric before you start writing your response.Everyone seems to be talking about the enormous burden of student-loan debt. Read the articles linked below, and use economics to analyze the student loan forgiveness program.https://nces.ed.gov/fastfacts/display.asp?id=900https://nces.ed.gov/programs/coe/indicator_cub.aspPrompt: What are the economic reasons to forgive (or not forgive) student loans?Here is a list of questions to help you critically think through this topic:•Who benefits from loan forgiveness? Who loses from loan forgiveness?•What are the incentives? Who faces them? Are there any perverse incentives (moral hazard)?•What are the intended consequences of this policy?•What are some unintended consequences of this policy?•What are the short-term and long-term impacts of this policy?•You may find and cite some statistics on student-loans from reputable* sources. You can include data on an average loan (mean and median), demographic information or educational or employment status of debtors, type of education the loan was for (public school, private school, trade school, for-profit, STEM, Medical, undergraduate, graduate etc.)You can use the statistics to bolster your argument or just as descriptive data.*Newspaper reports, Online blogs etc. are NOT reputable sources.You will get negative points if you use any of the following as references.wikipedia.com, investopedia.com, thebalance.com, theconversation.com,any newspaper website, any advice column

It is traditional to divide industries into categories according to the degree of competition thatexists between the firms within the industry. There are four such categories. At one extreme is perfect competition, where there are very many firms competing. Each firm is so small relativeto the whole industry that it has no power to influence price. It is a price taker. At the other extreme is monopoly, where there is just one firm in the industry, and hence no competitionfrom within the industry. In the middle come monopolistic competition, which involves quite a lot of firms competing and where there is freedom for new firms to enter the industry, andoligopoly, which involves only a few firms and where entry of new firms is restricted.From the following market structures:OligopolyRequirements:For the market structure above, write a paper and make a 30 minutes presentation on:a. The definition of the structureb. Discuss the feature or characteristics of the structurec. Outline at least five (5) assumptions of each of the structured. State at least five (5) advantages and disadvantages of the chosen structuree. Outline at least five (5) barriers to entry for the chosen structuref. Explain how the structure operates in the short run and long rung. With the aid of a diagram explain how profits are maximized

In an informative essay, describe the effects of globalization on air pollution in China’s largest cities.

Answer the following questions: Allocate the number of pages accordingly, I would assume that the first question would require half a page-1 page, whereas question 2 would require at least 1.5 pages. I have also attached screenshots of articles and textbook pages that you can refer to in order to answer these questions. These questions are based off of the chapters that I have attached below. Please answer based off the files i’ve attached. I will also be attaching other additional readings related to these and ones that can help to answer these questions. You can use outside sources just for personal knowledge on how to answer these questions however this assignment should not have any sources.1. Please describe in detail how hedonic pricing is used in the estimation of the value of environmental goods or services. Please provide a specific example of how this methodology would be applied and what potential problems might be with the approach. (please try to be creative and do not use the transportation as an example)2. “In early december (2017), trump signed two presidential proclamations to shrink the Bears Ears and Grand Staircase-Escalante national monuments. The proclamations split the two monuments into several smaller sections. Bears Eats (…) will be shrunk from 1.35 million acres to 228,337 (…) and split into two separate monument tsections. Grand Staircase-Escalante (…) will be split into three sections and shrunk from 1.9 million acres to about 1 million. Shrinking the monuments opens the land up for oil and natural gas extraction. Trump said his decision was made to “reverse federal overreach and restore the rights of this land to you citizens.” A group of Native American tribes, conservation groups and others filed suits against the Trump administration over the proclamations.”Source: https://www.cnn.com/2017/12/30/politics/environmental-policy-moments-2017/index.htmlYou have been hired to conduct a study assessing and monetizing the loss of social benefits resulting from the shrinking of these two national monuments. Please outline how you would estimate these dis-benefits, specifically the necessary data requirements, processes for collecting data and ways to monetize the policy impacts.