Economics

A circular flow diagram that includes the government sector. For this part of your report, you should include a description of the roles that each participant plays in the economy and how the different sectors interact in the markets. An illustration of the Production Possibilities model, including a summary of what the model is illustrating and the economic implications for the economy. An explanation of why or why not trade with other countries is beneficial to an economy and how international trade fits into the circular flow diagram. An explanation of the difference between micro and macro economics, indicating why the division is necessary.

Report Topic 2: You work at the European Department of the International Monetary Fund. The Department Director has requested that you prepare a policy note on how the last two crisis Brexit and the pandemic of COVID-19 can affect the stability of the European Union as the highest level of economic integration.  Your task is to prepare a policy note that covers, the following research question using the relevant economic concepts you have seen during the course up to this point:  Research Questions  Provide general information about the actual situation of European Union using the main macroeconomic indicators (GDP growth, unemployment rate, inflation, current account balance…)  Show the importance of the EU economy compared with the economies of other countries in percentage terms, (for example: EU GDP represent xx% of the World Economy) and the countries with it trades the most.  A discussion about the effect of COVID -19 and the Brexit on the stability of the European Union with the rest of the European members  Discuss the different measures which have been taken by the different members of the European union for dealing with Brexit and COVID-19  and mention if they agree or not  The policy note should have the following structure: o Introduction  o Research Questions  Answer each of the research question using a separate section for each one Conclusions  Close the presentation with your personal conclusions based on your research References  References and the Bibliography must be in Harvard’s citation style.  Make sure you provide an objective analysis and are backed up with actual data and proper analysis of the trends and figures.  Recommended sources:  • National statistical institute / Central Bank www.worldbank.org  • Eurostat  o https://ec.europa.eu/eurostat/web/main/home  • European Union  o https://europa.eu/european-union/index_en  You should use additional relevant sources: specialized press, internet material, etc.  No more 2000 words

Instructions: An economic way of thinking applies whenever a person is faced with making a choice under scarcity, which means that economics matters in the smallest and biggest decisions in life. Understand each of the five foundations of economics enables people to make better choices. You are to watch the following video clips and to identify which foundation(s) of economics each video clip shows. You then have to write up a summary ( in paragraph style) on how and where on each video clip reflects those foundations of economics. You will then post your summary on the discussion board. Here are several questions that you should think about while watching the first video.  https://youtu.be/1hPg1GRQzD0 1. Which economic foundations does this video present?  There are more than a few economic foundations presented in this video.  2. What are the trade-offs we are seeing in this video clip? Here are several questions that you should think about while watching the second video.  https://youtu.be/aFYlgqv3T-w What economic foundations and What are economic lessons do you learn from this video? In particular, does your real estate agent have your best interest in mind? What is the big incentive for the real estate agents? Summarize what you learn from this example about the power of incentives.

Discussion questions chap. 2   In the circular flow model, what are the two markets? Define households and describe the three basic forms of businesses. What roles do households play and what roles do businesses play in each market?    Full credit requires a 200 word reply to weekly discussion in addition to a reply at least one classmate. Please use proper Netiquette (Internet etiquette) when commenting on another student’s posting. When posting on the discussion boards and chat rooms it is important to understand how to interact with one another online, netiquette. You can read more about the rules of netiquette at http://www.albion.com/netiquette/index.html  Links to an external site.  Due Thursday end of day, if you need an extension contact the instructor (email) explain the reason, extension is at instructor’s discretion. Otherwise late submission will not be accepted.

Supply and Demand Concepts You have been hired by a new firm selling electronic dog feeders. Your client has asked you to gather some data on the supply and demand for the feeder, which is given below, and address several questions regarding the supply and demand for these feeders. Price per Feeder Quantity Demanded Quantity Supplied $300 500 1800 270 600 1700 240 700 1600 210 800 1500 180 1000 1400 150 1100 1300 120 1200 1200 80 1300 1100 60 1400 1000 30 1500 900 10 1600 800 Your client has asked that you develop a report addressing the following questions so that you can present these findings to their Board of Directors: Questions:  MUST ANSWER ALL QUESTIONS AND SUPPLY GRAPHS Construct a graph showing supply and demand in the electronic dog feeder market, using Microsoft Excel. How are the laws of supply and demand illustrated in this graph? Explain your answers. What is the equilibrium price and quantity in this market? Assume that the government imposes a price floor of $180 in the feeder market. What would happen in this market? Assume that the price floor is removed and a price ceiling is imposed at $90. What would happen in this market? Now, assume that the price of feeders drops by 50%. How would this change impact the demand for feeders? Explain your answer and reconstruct the graph developed in question one to show this change. Assume that incomes of the consumers in this market increases. What would happen in this market? Explain your answer and reconstruct the graph developed in question one to show this change. Assume that the number of sellers decreases in this market. What would happen in this market? Explain your answer and reconstruct the graph developed in question one to show this change. Explain the difference between a normal good and an inferior good. Would your answers to question 7 change depending on whether this good is a normal or inferior good? Why? Submission Details: Develop your analysis in Microsoft Excel format. Enter non-numerical responses in the same worksheet using textboxes.

I require a research paper/ dissertation for a project. This project has grades in it and I would love to get the highest mark.  This project also refers to the  research paper as a ‘dissertation’, but it is more  of a  research paper. This paper as a dissertation/ research papers requires a theoretical written project on a topic presenting an argument – SO IT HAS TO DISCUSS BOTH SIDES, BOTH FOR AND AGAINST. DOCUMENTS I HAVE UPLOADED: I have uploaded 3 files.It is mandatory that you read all the files  thoroughly to understand what the project is asking, what is the mark scheme, and what is required. Please feel free to ask me if any problems. 1. The first document I have uploaded is “specification and mark scheme docx.”. This is vital to read as it explains  the mark scheme, and what all  is required in the paper. Please  go through it thoroughly to understand the project and what is required. Especially pages 8-20 as it talks about the dissertation mark scheme in specific 2. The second document attached is “EPQ Student Project Template”. Please see this to roughly see the sections that need to be included (it does not exactly have to follow this, it is just something  to  refer  of). 3. The third document  attached is “EPQ dissertation checklist”. Please use this checklist as you are writing the essay to ensure you  are including everything, and even more! The word counts are just a guide, you do not have to follow them if you do not wish to do  so. I am not sure what bibliography/ citations/ style is required, please do what you feel will be best and is required.  THE PAPER ITSELF: Regarding the paper itself, to give you a bit of a background of what I am aiming to have a paper about… I want to discuss to what extent will India benefit from the US-China trade war. Many nations and companies are trying to reconfigure supply chains and are trying not to be dependant on China/ diversify their supplyy chain out of China (you may want to discuss reasons why they want to pull out of china).Many ae saying India will be a major beneficiary to anti china view. Many nations and companies are now looking to India to be where they produce their stuff, and get supply from India – so move their manufacturing to India. They do not want to be too dependant on china. THE INTRODCUTION OF THE ESSAY SHOULD SORT OF TALK ABOUT THIS AND ABOUT WHAT THIS ESSAY WILL ADRESS AND WHAT THE SITUATION IS ETC. Some other things you may want to discuss are which sectors do india have a comparative advantage in, that will attract nations and MNC’s to come to India. You may also want to focus on how the situation of COVID has disrupted supply, production, globalisation, trade etc. You may also want to adress the US china trade war. How covid has created alot of supply issues. HOWEVER THESE ARE JUST A FEW IDEAS, PLEASE FEEL FREE TO FIND MORE AND EXPAND AS MUCH AS YOU WANT AND DISUCSS AND WRITE WHAT YOU THINK IS BEST. AND PLEASE REMEMBER, this is a essay where you have to write FOR AND AGAINST. So you have to mention how india will benefit, how they won’t benefit. And then you conclude to what you extent etc. Points for you want to dsiucss how it will benefit india, and plints against you want to discuss how it willnot benefits India. Please be as detailed as possible and not make it vague. DISUCSS BOTH MULTINATIONAL COMAPNIES AND INDIAN COMPANIES.

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.

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.

Research Paper Assignment Economic Review of a Foreign Nation For this assignment, you will analyze the macro economy of a foreign nation. Upon completion of your research, you will produce a 1,000 to 1,500 word paper findings related to this country’s economy, recent changes, relative size, potential issues and challenges, relative strengths, and other key characteristics. At least one original graph with 10 or more years of data is required. Multiple graphs and  other visual material are encouraged. Be sure to cite all work. A rubric that will be used to grade this presentation is provided below.  Please note that numerous links are also provided below to get you started. Please make sure your paper includes the following: -The country you are analyzing should be identified and key descriptive information you see as important in describing this country should be identified.  You  might include things that are related to the economy or foreshadow discussions that will follow – such as comments about your key issues. -Key economic characteristics such as the size of the economy, its growth rate, inflation, unemployment, name and value of currency, or other important characteristics should be given and compared to a benchmark such as the U.S. or the World.  This material should not simply be listed within a paragraph but should be intertwined within the paper. Use this section to showcase your understanding of the variables we have learned this semester. -Two (or more) key issues that have either historically shaped the nation or remain significant factors that will face the nation in the future. These might include geopolitical conflict, resource use or scarcity, civil war, technological issues, infrastructure issues, education or health, or many others. This section should be the largest section of the paper. Note that it is the most valuable section. Make sure it is connected to economics and the nation’s macroeconomy. -Your outlook for the country moving forward is required. This should comprise of a broad economic forecast one or more years forward or a discussion of how your key issues might unfold.  It might include one or more variable such as GDP, population, or others. Your forecast should be supported with well thought out justifications and should be specific. You will not be judged on your forecast but will be judged as to how well you support it. The paper should be between three and five pages typed (1,000 to 1,500 words) and should include at least one original graph with no less than ten years of time series data.  Please see me or contact me if you are having difficulty obtaining these data.    Please note that this paper requires more than a simple wikipedia search.  Below you will find numerous sources that you might use but you are welcome to expand beyond this list. You should compile resources from several sources and write a clear and well organized paper that demonstrates research and comprehension.  References to macroeconomic concepts discussed in class should be included.  As a warning, any plagiarism will result in a zero on the research paper.  Please make sure you do not use external sources inappropriately.  If you do not fully understand plagiarism and citing sources, please contact TCC’s writing center at https://www.tcc.edu/service-support/tutoring-services/writing-assistance/ (Links to an external site.) To best understand how you will be graded, a sample of the rubric that will be used to grade your paper is posted in this module. Paper Grading Rubric Element Comment Possible Points Earned Points   Subject Matter   Country Background   5     (Identified the country, provide basic descriptive statistics such as population, health, geography, and others.)   Economic Review   10     (Key characteristics such as GDP, economic growth, inflation, unemployment and others are referenced.)       Key Issues   40     Two or more key issues that have shaped or are shaping this country’s economy are identified and described. They are related to economics.       Prediction   10     (A one year prediction as to where this economy is headed or how these key issues will be resolved is is clearly and explicitly provided and justified.)       Mechanics   Organization and flow   10     (The paper should follow an outline and be logically organized  and easy to follow.)       Visual aid/supporting material (An original graph with 10 years of data is included.)   15         Paper length, grammar, and other mechanics   10     (The paper should be 1,000  to 1,500 words (3 to 5 pages) and should be proofread and spell-checked.)       Late penalty         Total   100

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.