Economics

Principles of Microeconomics Christian Economics Edition, with annotations by Liberty University SECOND EDITION – Mateer & Coppock Chapter 7 – Externalities Thread Prompt: In this module/week’s forum, you must find an article containing material that is relevant to microeconomics, clearly link your article to material from the textbook, then compose a thread discussing the topic per the instructions below. The article you choose along with the textbook must be referenced in current APA format. Acceptable research sources for your articles include periodicals, journals, newspapers, and magazines. Sources such as Wikipedia, About.com, book reviews, and blogs are prohibited. You may complete the required research using the Jerry Falwell Library Click for more options website or by searching the internet for news sources. In the opening paragraph, provide a summary of the article. In the second paragraph, explain an economic idea contained in the story. Specifically, refer to material from the textbook, including the page number, and note how the economic idea plays a prominent role in the story. In the third paragraph, explain what you think about the events in the story. You do not have to agree with what is going on, but you do need to provide your reaction to it. This is your chance to express yourself: what are your opinions? Be sure to defend your position. Finally, what do you think is a Christian response to this situation? Provide details to support your view (in other words, do not just say “Christians wouldn’t act the same way as economists”). Be sure to title your thread according to your topic.

Write a 350- to 700-word analysis assessing how 1 of the following major economic events influenced supply, demand, and economic equilibrium in the US economic activity: Rapid price increases, such as caused by the 1973 oil embargo or the aftermath of a major hurricane Dramatic employment drops, such as the combined impact of the 2006 housing bubble burst and the subsequent Great Recession Crippling interest rates by the Federal Reserve, such as those of the 1975 – 1985 time period Collapse of the Soviet Union in 1991 and the end of the Cold War, and the “peace dividend” The dot-com bubble from 1994 to 2000, and the subsequent dot-com crash Cite at least 2 academically credible sources. The use of charts and tables to illustrate data is highly encouraged.

Historically, a correlation has existed between educational attainment and income level.  Acquiring more education (human capital) has always been promoted as a means of escaping poverty.  Unfortunately, due to rising college costs, students have taken on unprecedented levels of student loan debt.  For this paper, you will research (with a minimum of three additional resources) the “student loan bubble” and proposed solutions to assist the impacted economic actors. The paper should address some of these main issues: -Rising college costs and the reason for them. -Is a college degree still worth the investment? -What has been the trend in student loan debt over time? -What are the individual and societal consequences of excessive student loan debt? -What are some current proposals or programs aimed at solving the problem? -What are some counter-arguments against student debt forgiveness? -What responsibility should be borne by the borrower for the problem? -Should college be reformed and if so what a reform look like?

Please answer ALL the following questions and ALL parts for each question. In order to write excellent answers you need to use additional resources and to critically analyse, summarise, compare and contrast the resources chosen. 1. Please answer all parts of this question: a. Compare and contrast perfect competition with monopolistic competition, outline the underlying assumptions and provide examples of both market structures. b. Explain and show diagrammatically the short-run and long-run equilibrium of the firm both under perfect competition and monopolistic competition. (In total maximum 800 words; 40 points) 2. Define a natural monopoly, illustrate the underlying characteristics and provide examples of situations where natural monopolies are likely to occur. (In total maximum 600 words; 30 points) 3. With the use of examples, illustrate how governments can encourage innovation. (In total maximum 600 words; 30 points)

Write an economic report according to the information given, Table or Figure and reference are necessary. The requested country is Burundi . Some of the resources available are also given in the files. If you cannot open the files, here is account to login in. ( username: zifanfeng password: Academic2018. ) The specific requirements are as follows: Writing Assignment: Your perspective is that of a policy analyst with an international organization such as the World Bank who is preparing a brief study of a country with one key recommendation to increase growth. You may also take the perspective of a critic of government policy but the framework of your essay will be essentially the same. Your analysis should be fact-based and you should substantiate your arguments with concepts learned during our class throughout your report. While this two-page description of the assignment is a good summary, I will provide a more indepth discussion of the expectations for this report during class. To do well on this assignment, you must also pay attention to that in-class discussion. Outline: Part I. (1-2 pages) Introduction and Overview Table 1 or Figure 1 Growth of output per worker y since earliest year, current y, and three other indicators of your choice compared to least one other country. Other indicators should reflect the general theme of your analysis. We will discuss many possible indicators, such as share of labor in agriculture, child mortality, average years of schooling, and many others. Part II. (3-4 pages) Steady-state and growth analysis Table 2 Steady-state analysis and policy intervention (change in h, s, or A) based on template The change in parameter must increase y* by at least 20%. Table 3 Five-year growth projection from policy intervention based on template This section should discuss the steady-state situation for your country and introduce your policy intervention. Part III. (3-4 pages) Policy Intervention Depending on your policy intervention you should focus on one of following: Macroeconomic policy (s) Human capital and/or equity (h) Openness to global economy (A or s) Political and institutional quality (A or I) Your analysis should be backed up by at least one additional data source to substantiate your analysis, preferably presented in a graph. Graphs should be numbered and referred to in the text. (See example below.) You must present graphs you construct from data obtained from many resources we will discuss in class, including the PWT data provided for this report. Part IV. (1 page) Brief summary Econ 114B Country Report Guidelines Marshall General Guidelines: The page guidelines are approximate and include tables and graphs and text in 12-point font and double-spaced lines. This assignment will be posted in electronic format to GauchoSpace. Specific details will be provided in class. You should include at least 4 citations to The Growth Report and Introduction to Economic Growth (IEG) as you explain features of your economy and justify your policy intervention. If your perspective is as a critic, you may include in your four citations the works we discussed in class by Acemoglu and Easterly. You should number these citations and you may use short-hand abbreviation as follows: “Country X experienced high inflation on the order of 10 percent per year in the last decade, as shown in Figure 1. This macroeconomic instability is detrimental growth and countries perform best with inflation in the single digits (3. The Growth Report, page 53)…” You should refer to all figures and graphs in the text at least once, as in the example above. You may abbreviate the textbook by IEG. You do not need a bibliography unless you are citing sources other than the two course reference. In this case just include a list of sources at the end, and reference these sources by title and page within the text as in the example above. Grading Rubric: Students whose total points for the country report is equal to 35 will receive 35 points based on the rubric below adjusted by percent. For example, if you score 28/30 and the report has a 35 point weight, your score will be (28/30)*35. Item Assessment Points Table 1 Formatting 2 Quality of indicators and comparison countries 2 Table 2 & 3 Formatting and accuracy 4 Part I / IV Clarity and focus 2 Part II Clarity and focus 3 Part III Quality of choice and presentation of indicators to substantiate policy intervention 4 References Clarity and relevance of 4 citations 8 Overall Overall depth and quality of analysis, including additional citations. 5 Total 30 And some wedsite resource 1.https://www.heritage.org/index/ranking 2.https://www.doingbusiness.org/en/doingbusiness

Prepare a 2 page final report in which you examine one of the macroeconomic variables below: Real Gross Domestic Product (GDP). The unemployment rate. The inflation rate. Instructions Visit the Census Bureau (NAICS) website and select an industry that has a description. Some of the smaller industries are named, but not described. The industry could be broad, such as industry 11 Agriculture, Forestry, Fishing and Hunting, or it could be narrow, such as industry 112112 Cattle Feedlots. The more digits in the industry label, the narrower the industry.

Compose a document answering the following questions What are breakeven points? What are the most common failures of businesses to properly prepare or consider when to achieve their prior calculated breakeven points? Explain why.

Complete your answer in essay format, size 10 font, minimum length 1200-1500 words. Be sure to not use words from any source. Cite source of maps and statistics that you refer to, and explain what you have learned in your own words.  Identify and explain specific examples from class materials to validate your ideas. What is mercantilism? Describe and demonstrate three of the most significant regulations identified and imposed upon American colonists by the British Crown. For each regulation be sure to explain the date it was imposed, what was regulated (trade tariffs, troops, migration), and your understanding of how it would affect the colonies. Were these regulations unfairly restrictive or were the British justified in taxing North Americans as a part of mercantilism? Be sure to use statistics to validate your ideas.  Was there any way Revolution could have been avoided?

Select at least two news articles that discuss demand, supply, and equilibrium price of a particular product or service. At least one news article should be dated within the previous two months.  Refer to week 2 content materials and use specific economic vocabulary within your discussion, i.e.  Demand,  Quantity demanded,  Determinants of demand,  Shifts in demand curve, etc.  Supply,  Quantity supplied,  Determinants of supply,  Shifts in supply curve, etc.  Changes in equilibrium quantity and equilibrium price. Price Ceilings and/or Price Floors and explain why price floors and price ceilings can be inefficient. ??The articles you choose may not use these exact terms; therefore, it is incumbent upon you to convert the article language into economic language as is appropriate. 

Using the topic you selected and the outline you followed in week 3 assignment, please write a 7-10 page research paper using APA Format.  Your research paper must include an extensive explanation and have a thesis statement.  A thesis statement is a strong statement that you can support with evidence.  The research paper should have a abstract, literature review and discussion (body of the paper addressing the issues listed below), recommendation, a well-defined conclusion, and reference pages.  You must use at least 5 resources. Please see the attached template for more information. In your paper, you must address the following: An overview of the issue Why is this issue a concern from a health care economics perspective? Who are the major parties involved in this issue? Which market forces have an impact on this issue? How is demand illustrated in this issue? How is supply illustrated in this issue? How has the affordable care act impacted this issue? How are health disparities demonstrated in this issue? How has this issue been improved in other global markets? What is your recommendation for making improvements based on economic principles.