Economics

For Milestone One, you will research three sections of your final project as they relate to the 10-year historical period that you chose in Module One: gross domestic product, unemployment/inflation, and interest rate fluctuations. You will then create your first 4–6 presentation slides. Be sure to read the Milestone One Guidelines and Rubric to ensure you are covering the critical elements of this assignment. I have attached the milestone guidelines and template.

Please read the instructions carefully: NB: The thesis should reflect a Law and Economics approach. That is, a combination of law and economics approach should be used when researching and writing the paper. References to economic theories backed by law should be covered. I have included a pdf file titled “TopThesis”, which covers the Law and Economics approach. Please use the PDF file as an important guidance when researching and writing the paper. The referenes contained in that PDF should be highly noted. 1. “TopThesis”: This PDF file is highly recommended by my tutor. Thus, please take careful guidance from it. Please include a theoretical Framework section and it should closely follow the TopThesis structure. 2. Please also find attached COMMENTS added in a word document 2. Minimum 90 sources/references/ citations. They should follow the format used in teh TopThesis file. 3. Citation should be done in OSCOLA format and include footnotes.

Steps: 1. Visit Project Implicit: https://implicit.harvard.edu/implicit/takeatest.html. Implicit Association Tests (IATs) try to measure the test-taker’s implicit bias. What is the difference between implicit and explicit bias? 2. Take the Race IAT. What was your reaction to your results when you saw them? Do you think they were accurate? Explain why you felt this way. 3. Provide an argument defending the IAT as a good way to measure implicit bias. Then, provide an argument against the IAT’s ability to measure implicit bias. (You should read more about the test design; the FAQs page is a good place to start: https://implicit.harvard.edu/implicit/faqs.html) 4. Revise your draft. ? Check: does each paragraph express one clear idea? Do you tell the reader what that idea is in a topic sentence? ? To make sure that your writing is concise and clear, take a word count of each paragraph, and then cut 10% of the words. ? Print your draft and read it out loud to help you identify spots where the language or ideas could be clearer. Format: You have 600 words to say everything you want to say. Write freely and then revise to express your ideas clearly and concisely. You do not need to write an introduction or conclusion. Be sure that each paragraph states its focus in a topic sentence. You can write in the 1st person, using “I” statements (e.g. “I was surprised by what the test asked”). To make it easier for us to read, use Times New Roman 12 point font with double-spaced lines and 1.25-inch margins. Grading: A good response will respond to the questions above using clear reasoning to support its claims. A great response will also draw clear and interesting connections between the answers Step 1: description of implicit/explicit bias Full: 8 points Partial: 4 points Zero: 0 points Step 2: reaction to the IAT Full: 8 points Partial: 4 points Zero: 0 points Step 3: arguments for/against IAT Full: 8 points Partial: 4 points Zero: 0 points Step 4: legibility Full: 8 points Partial: 4 points

In one page or less carefully justify your response to the following: Are you concerned that we may run out of fossil fuels in less than 100 years?

The Federal Minimum Wage is far lower in real terms now than it was when it was raised in 1969. Many states already have passed laws to raise their Minimum Wages to $15 over several years.   institutionally-imposed wage floors? Would an increased Federal Minimum Wage be a good idea? Would it cause unemployment?  Should it be indexed to cost of living increases?  i need stats as well minimum wage vs macro economics (analyzing the causes and broader economic implications of income inequality in the US, evaluate possible remedies to the problems caused by inequality) economic effects: https://www.epi.org/publication/minimum-wage-testimony-feb-2019/ https://digitalcommons.ilr.cornell.edu/cgi/viewcontent.cgi?article=2130&context=articles effects of higher minimum wage, unemployment, : https://www.cbo.gov/publication/55681 https://www.investopedia.com/articles/personal-finance/013015/how-minimum-wage-impacts-unemployment.asp

Use Microsoft Word to prepare a Final Report that is a minimum of three pages long in which you: 1. Introduce your selected industry with a brief one-paragraph introduction. Refer to the NAICS (North American Industry Classification System) to review the details about your industry. 2. Assess your selected industry’s relative size and growth rate in the economy. These macroeconomic resources will help you find the size and growth rate of your industry in the U.S. economy and/or relative to GDP: • Real GDP – Select Section 1, then table 1.1.6 (select MODIFY to change the year range and frequency). Data is from Bureau of Economic Analysis (bea.gov). • % Change in Real GDP – Select Section 1, then table 1.1.1 (select MODIFY to change the year range and frequency). Data is from Bureau of Economic Analysis (bea.gov). • GDP by Industry – Steps: 1. Select “Interactive Data.” 2. Select “Industry Data Tables.” 3. Select “Begin Using the Data.” 4. Select “Gross Output by Industry.” 5. Select “Real Gross Output by Industry (A) (Q).” 6. Select “Quarterly” or “Annual.” 7. Select “Next Step.” Data is from Bureau of Economic Analysis (bea.gov). • % Change in GDP by Industry – Steps: 1. Select “Interactive Data.” 2. Select “Industry Data Tables.” 3. Select “Begin Using the Data.” 4. Select “Gross Output by Industry.” 5. Select “Percent Changes in Chain-Type Quantity Indexes for Gross Output by Industry (A) (Q).” 6. Select “Quarterly” or “Annual.” 7. Select “Next Step.” Data is from Bureau of Economic Analysis (bea.gov). 3. Identify one newsworthy macroeconomic indicator or policy (e.g., GDP, unemployment, inflation rates, interest rates, government taxation and spending decisions, and/or FED decisions) that the industry should monitor and explain why it’s important and how it might impact your selected industry. These resources are available to help you measure and track macroeconomic indicators and outcomes of macroeconomic policies.You’ll use one or more depending on the macroeconomic indicator selected. • Unemployment rates – Data is from Bureau of Labor Statistics (bls.gov). • Inflation rates as measured by the Consumer Price Index (CPI). Data is from Bureau of Labor Statistics (bls.gov). • % Change in Real Exports and Imports – Select Section 4, then table 4.2.1. (Select MODIFY to change the year range and frequency.) Data is from Bureau of Economic Analysis (bea.gov). • Government receipts, expenditures, and savings – Select Section 3, then table 3.1 for total government and table for 3.2 for federal government. (Select MODIFY to change the year range and frequency.) Data is from the Bureau of Economic Analysis (bea.gov). • FED Funds Interest Rates. Data is from Trading Economics (tradingeconomics.com). 4. Describe a recent trend in the macroeconomic indicator or policy. Include a graph, chart, or table that illustrates the observed trend. 5. Summarize how you think this industry will perform in the future. Provide support for your rationale. 6. This course requires use of Strayer Writing Standards (SWS). The format is different compared to other Strayer University courses. Please take a moment to review the SWS documentation for details. (Note: You’ll be prompted to enter your Blackboard login credentials to view these standards.) Your brief should include a cover page. Your brief should be a minimum of 3 pages in length (not including the cover page), double-spaced, 12-point font. Your report should include a minimum of three references/citations in the text.

Essay Question 01.  Mortgage Debt Relief (20 points). Specify and explain the arguments pro and con for reducing mortgage debt during and after the 2007-2009 Great Recession. Essay Question 02.  The Fusion of Two Views on the Root Cause of the Great Recession (20 points).  Describe in detail how it is possible to combine or blend (i.e., to unite or merge) the banking view of the Great Recession with the levered loss view of the Great Recession.     Essay Question 03.  Necessary and Sufficiency Conditions  (20 points).   Graphically prove the following necessary condition given to us by economist Gottfried Haberler: An increasing supply of money and credit is a necessary condition for the occurrence of a long-run boom in the business cycle (10 points).      Verbally derive the sufficiency condition that there is a sufficient rate of growth in the money supply and credit to establish and maintain the boom of the business cycle (5 points).   What is the key assumption made in the necessary condition proof (5 points)?     Essay Question 04. The Minsky Model of a Financial Crisis (20 points).  Economist Hyman Minsky believed “…the financial system in a market economy is unstable, fragile, and prone to crisis.” Explain in some detail how the financial system is “unstable, fragile and prone to crisis,” according to Minsky (10 points).   What did the psychological term euphoria mean to Hyman Minsky?  In other words, define the term as Minsky would define it (5 points).   Briefly specify (but do not explain) the primary case against the market system of economic organization (5 points).     Essay Question 05. Economic Consequences of an Inequality of Incomes and Wealth (20 points).  A rising inequality of incomes and wealth has had two economic consequences, one, relating to secular stagnation and two, the deterioration of American education.  Describe the pecuniary and non-pecuniary costs of a deteriorating American education system and how the rising inequality of incomes and wealth has helped produce secular stagnation in the American economy.

Looking to get a research paper done with a recent trend or something that has not really been overdone. I am open to other topic suggestions

Select an industry and describe the goods and/or services this industry produces. Use the NAICS resource above to help you select an industry (and/or subsector) for your brief.  Identify this industry’s market structure and at least two or more market characteristics that support this market structure. (Market structures are covered in Weeks 3 and 4.) Describe any notable microeconomic relationships, market outcomes, and/or trends in this industry. Include a graph, chart, or table containing related data. (Microeconomic relationships and market outcomes are covered in Weeks 2 through 4.) How might government impact this industry’s market prices, output, and/or market structure? (Government intervention through price controls, industry regulations, and antitrust enforcement is covered in Weeks 2 and 4.) This course requires use of Strayer Writing Standards (SWS). The format is different compared to other Strayer University courses. Please take a moment to review the SWS documentation for details. (Note: You’ll be prompted to enter your Blackboard login credentials to view these standards.) Your brief should include a cover page. Your brief should be two to three (2-3) pages in length (not including the cover page), double-spaced, 12-point font. Your brief should include a minimum of one (1) reference/citation in the text.

Review the U.S. Department of Commerce’s Website, located at http://www.commerce.gov/, and research data on the U.S. trade with China, industrial and environmental policies, emerging market’s economic power, and trade regulations. Provide a minimum of three (3) pages APA (7th Ed.) formatted (the cover page and reference page excluded) of paper where you need to answer the following questions: Analyze the United State’s rationale for trading with China using the comparative advantage theory. Describe how industrial policy could create a comparative advantage. Provide one (1) example of industrial policy, creating a comparative advantage to support your response. Identify and analyze two (2) threats posed by developing countries to the developed nations and recommend remedies. Use at least two (3) quality peer-reviewed resources in this assignment.  Note: Wikipedia and other similar Websites do not qualify as academic resources.  Be sure to cite source in a reference page.