Economics

Have you ever wondered how market systems and policies work? Have you thought about influence policy has on the topics of capitalism, market, and economic systems? In this assignment, you will explore and demonstrate knowledge of capitalism, market, and economic systems and policy gained through the assigned readings and additional research.

Write a 750-word essay that includes the following elements:
*Types of economic systems used in the United States
*How economic systems vary between the U.S., China, and Russia
*Description of a political system
*Knowledge of political systems gained from your personal experience
*Political system(s) that you lean towards
*How political policies are used in the United States compared to another country in the world
*Identification of several of the alleged “virtues” and “vices” of capitalism
*Explanation of the difference among political systems, economic systems, and economic policies

Use current APA formatting. Include a title page and a reference page with at least four references.

Part 1: Must be 275 words or more. Must include 2 sources.

Deere & Company exports tractors to Spain, but the strong dollar against the Euro hurts sales of Deere Tractors in Spain. In the Spanish market, Deere faces competition from German and Italian tractor makers, such as Fendt and Claas, whose operating currencies are the Euro. What kind of measures would you recommend so that Deere can maintain its market share in Spain?

Part 2 (Below): Must be 275 words or more. Must include 2 sources.

If you work for a publically traded company, download the company’s annual report. If you don’t work for a publically traded company, download the annual report of one of your favorite products (e.g. Apple or Dell). Search through the report and look for the section regarding “Managing risk” (it may be under a different name, but it is in there). Describe how this company manages economic, or some other type of risk.

Consider the Income approach to measure the US GDP: Y= C+I+G+X-M

Do some research on the US trade deficit since ~1970. What does this research tell you about jobs gained and lost as trade, as a percentage of GDP, has increased? Who were the winners and who were the losers? Any thoughts about how this issue affected the 2016 election?

Just 1-2 reasonable charts/graphs/tables may help you to do the REPORT.

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.
Recommend how to reduce educationally based income inequality or other factors if you were a federal policy maker.
The Education and Income Inequality Final Paper

Must be eight to 10 double-spaced pages in length (not including title and references pages) and formatted according to APA style
Must use at least five scholarly, peer-reviewed, and/or other credible sources in addition to the course text.

Instructions
Short Paper on Current Issue in Economics – Present a policy position

For the short paper you must present a policy position on a current macroeconomic issue:
• Pick a policy topic that fits within the umbrella of macroeconomic theory;
• Describe the topic and the policy question;
• Provide statistical data that is relevant to a decision on the policy question;
• Then choose your position and defend it using the data, economic theory and logic.

The purpose is to demonstrate that you can use economic data and theory to support a policy position. What position you take is up to you. I’ll be focusing on your defense of that position and how well you utilize relevant data and economic theory (including your choice of data, so do your research carefully).

The paper should be 3 – 5 double spaced pages, not counting the title page (yes, have a title page) and the reference page. Use 1″ margins and Times New Roman 12 font. You must submit your paper in Microsoft Word or RTF format. NO PDF FILES! Your paper will be submitted to Turnitin to check for originality. Instructions on how to submit your paper and see the score will be posted in the Announcements section.

Remember to use citations and references. They should be in APA style. (If you need help on the format you can go to apastyle.org for video tutorials, use the tool in MS Word that formats it for you or go to citationmachine.org/apa and select from the links provided.)

Explain the price elasticity of demand in Verizon’s market structure and its effect on its pricing decision.

Must have at least one scholarly, peer-reviewed, and/or other credible sources in addition.
one access point to scholarly sources.

Research an article that is related to money and economic growth.

Summarize the article and state what course concept you feel the article applies to.

Please include a thought – provoking question that relates to the article.

Be sure to include the links and citations for the sources of your article.

apply and analyze macroeconomic theories and models using a national or global event. This event may be current, historical, political, or social. Students must find and research at least five academic articles to conduct their analysis. Students will use articles to write papermaking and defending a claim or argument regarding the event. This is NOT a paper about what happened, but about why it happened, how it happened, or what will happen as a result. YOU MAY CHOOSE THE TOPIC AND IT ALSO NEEDS TWO CHARTS FROM THE WEBSITES YOU USE. THE WEBSITES HAVE TO BE FROM EDU, NET, GOV, ORG. IT MAY NOTTTTT BE (.COM)

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.

The main purpose of the paper is to show me that you are able to apply the concepts you learned during our firm and market structure section (Chapters 13-17).

Identify a firm. You will be doing research on this firm. Specifically, try to answer the following questions:

What market structure does this firm participate in? How do you know?
What are some types of costs that this firm faces? What are its largest costs? Be specific. (You may want to research actual numbers).
Is the firm profitable? Why or why not? Is it experiencing economies of scale? How do you know?
What is the long-run outlook for this firm? Be sure to support your answer.

Once you have done research adequately addressing these four areas, write a well-organized paper describing your findings. YOU SHOULD NOT SEND A LIST OF YOUR ANSWERS TO THE FOUR QUESTIONS. THE INFORMATION NEEDS TO BE SYNTHESIZED INTO AN ACTUAL PAPER. As part of the paper, be sure to show a representative graph of your firm. This graph will depend on the market structure of the industry it participates in as well as whether it is making a profit.

Papers will be graded by the following rubic:

Give a brief overview of the event i.e summary of your source article.
Discuss how your article relates to concepts that we discussed in class. A discussion of supply, demand, prices, shifts, etc is essential.
Think of ways economics could be applied to the situation that were not discussed in the article.

Papers should be no more than 2 pages long. Graphs and works cited do not count towards your page limit.

You will receive up to 2 points
or a paper that is well-organized, grammatically correct, and contains a works cited page. Points will be deducted if the paper is weak in any of these areas. Thus, the maximum grade you can receive is 5. You may use MLA or APA format.