Economics

The paper is written however there are sections as indicated below that need additional details added. Please add elaboration, graphs and illustrations where indicated. Include and add sub/subtitles for the sections indicated below and add additional research for the areas not already included in my paper. All graphs and illustrations must be cited in-text using APA format, including references at the end.   Supply and Demand Conditions:  Impact Insert the below subtitles for the “Determinants of Demand” and arrange them for better format/readability in the below order and elaborate in each section as needed: ·       Income ·       Price of related Goods ·       Tastes ·       Population and Demographics ·       Expected future prices   Supply and Demand Conditions:  Firm’s Actions Add Determinants of Supply and arrange for better format/readability with the below subtitles where appropriate and add research information if not provided for a specific section: ·       Input Costs ·       Technological Improvement ·       Prices of Substitutes ·       Number of firms in the market ·       Expected future prices   Price Elasticity of Demand: Consumer Responsiveness – please add the following elements: The Elasticity Determinants need more elaboration, application of more research with the below subtitles.  Arrange for better format/readability with the below subtitles where appropriate and add research information if not provided for a specific section: ·       Availability of Substitutes ·       Passage of Time –  THIS IS A VERY IMPORTANT SECTION TO BE ADDED ·       Luxury or necessity ·       Definition of Market ·       Share of budget in consumer income   Price Elasticity of Demand: Pricing Decisions – please add the following elements: This section needs more elaboration – such as a firm’s management needs to understand the different types of price elasticity of demand, calculations, and the effects it will have on its total revenue. Need to cite the “Revenue Test” and reference it at the end. Additionally include information:  if a firm relationship is negative, it will be elastic, so it should be in the firms best interest to know its demand elasticity to keep watching its price strategy of its product based on the “revenue test.”    Cost of Production:  Profitability     ·       Add more tables and graphs for Chipotle Mexican Grill concerning profitability   Cost of Production:  Output Decision ·       More elaboration including illustrations to Chipotle Mexican Grill data about fixed and variable costs ·       Additionally, include how it would affect Chipotle’s output production levels/decisions would be a positive for the company   Overall Market:  Market Share ·       Add additional graphs and illustrations   Overall Market:  Barriers of Entry ·       Highlight and elaborate more by writing about the three important barriers of entry and adding as subtitles for each section below: o   Economics of scale o   Ownership of Key input o   Government-imposed barriers Overall Market:  Market Structure                                                       Need to be added:  If it is specialty Mexican Food then it is an Oligopoly. Need to enlarge the definition of the market to be Fast Food Restaurant, then it would be a monopolistic Competition.  Therefore, Chipotle Mexican Grill has both monopolistic and oligopolistic tendencies in its market structure. Add the four-firm concentration ratio and/or the Herfindahl-Hirschman Index (HHI) to support the conclusion.  Recommendation:  Future Production Needs more elaboration concerning the recommendation for future production.   Recommendation:  Recommended Actions Needs more elaboration concerning the recommended actions   Recommendation: Sustain Its Success This section needs improvement as to describing & elaborating more on how the firm can sustain its success not only by evaluating the findings from demand trends that was analyzed earlier but also by the demand price elasticity that was discovered in an earlier element of the paper. For example, if a firm see a demand trends, then how it can capitalize on it to maintain or get a firm upward financial reward. Bottom line, the company must focus on consumer demands trends and price sensitivity. Also, regarding Elasticity, need to describe how Chipotle can sustain its success by evaluating the findings correctly from price elasticity. It is what Economists among us call it; (The Revenue Test).  If Chipotle decreases its prices (if it has elastic demand products), quantity demanded would increase, hence increasing its revenue. So, Chipotle needs to keep its prices competitive with affordability in mind for the market to sustaining its success”. Opposite is true, whereas if it would increase price, it would lose sales.

Instructions Auctions can be an important tool for selling goods and gathering information. Auctions are used in multiple venues including agriculture, eBay, and distressed asset sales. The seller does not have to worry about estimating demand and setting a price because the demanders will do that through the auction process. Write an essay examining the value of auctions in the economy by addressing the following items. Explain the difference between oral auctions and second-price auctions, including how they work and their results. Use the expected value information to illustrate how having more bidders in an oral auction will likely result in a higher winning bid. Explain how the number of bidders in a common value auction affects the outcome of the auction. Relate this to the effect on price in different market structures based on the number of producers. Auctions lead to outcomes where buyers reveal their value for the products being auctioned. To successfully price discriminate, firms often rely on buyers revealing their value for products. Explain the conditions necessary for firms to be able to price discriminate. Your essay must be at least three pages in length (not counting the title and references pages) and include at least three peer-reviewed resources. Adhere to APA Style when writing your essay, including citations and references for sources used. Be sure to include an introduction. Please note that no abstract is needed.

Gross domestic product (GDP) is a measure of the market value of final goods and services produced within the borders of a country during a specific time period, usually a year.  What is the GDP deflator?  How does the GDP deflator relate to real GDP?  Review GDP and nominal versus real.  Real adjusts for inflation, so how do we arrive at the real GDP number from nominal GDP?  Review the GDP deflator formula, where GDP deflator = (Nominal GDP/Real GDP) X 100. 75-150 words

Assignment: Watch the following PBS Frontline video on the financial industry and its involvement in the 401(k) retirement system and read the accompanying publication: http://www.pbs.org/wgbh/frontline/film/retirement-gamble/  (Links to an external site.) https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0ahUKEwjFk5Ct-YfUAhVRwWMKHUOuCOkQFggmMAA&url=http%3A%2F%2Fwww.demos.org%2Fsites%2Fdefault%2Ffiles%2Fpublications%2FTheRetirementSavingsDrain-Demos_0.pdf&usg=AFQjCNET7cJInkfhUlsT-jvxBtkoMDU_Nw&sig2=A2g0ZPsbXwtT0lu4pMZCuQ&cad=rja  (Links to an external site.)   Write a minimum of at least three pages on the following questions (size 12 font and double spaced).  The paper needs to be submitted as a Word document file into Canvas (Vericite). Cite all of your sources. For each of your answers, I want you to provide clear reasoning detailing your position using concepts and economic logic learned in class and from the textbook.  1)       Why is there a market failure in the 401(k) market? (Hint: read chapter 8 and its description of imperfect information) 2)       Describe and detail all of the fees/costs associated with a 401(k). 3)     Calculate two individuals’ total amount of retirement assets after 30 years of investing using the following two examples to display and articulate the effect of compounded fees on two different individuals’ retirement accounts with the exact same mutual funds. The two mutual funds have the same before expense rate of return, but one mutual fund charges a higher expense ratio than the other. Describe what effect fees have on the two different individuals’ retirement assets: (a)  Yearly Savings: $15,000, Inflation Rate: 2%, Rate of Return:(8.15%-.15%=8%), Expense Ratio of Mutual Fund: .15%, Periods: 30 years (b)  Yearly Savings: $15,000, Inflation Rate: 2%, Rate of Return:(8.15%-.65%=7.50%) (It is lower than example (a) due to the increased expense ratio), Expense Ratio of Mutual Fund: .65%, Periods: 30 years Use this financial calculator website for examples:  http://www.financeformulas.net/Future-Value-of-Growing-Annuity.html  (Links to an external site.) 4)       Describe and come up with your own solution to alleviate the problems with 401(k)s.

Globalization has stimulated much controversy in recent years. Some studies have shown that globalization increases economic growth, narrows the income gap between rich and poor nations and reduces poverty. But some critics argue that globalization may encourage governments to participate in a “race to the bottom”, i.e., countries compete for international investment by offering low or no environmental regulations or labor standards. Evaluate the major arguments. (At least 4 typed pages, including your sources).

Capital Markets: Stock market index as the best available investment opportunity.

In the context of the components of the checkpoint assignment, address the following for your company: 1.    Provide a short description of the business and the product(s) to be sold. 2.    Describe your customer. o   How much will they spend per visit? o   How many customers per day, week, or month? Extrapolate for the year. 3.    List the variable costs. ·       What is the percentage of sales for variable costs? 4.    List the fixed costs. ·       What is the estimate for fixed costs? Make sure to explain your assumptions for sales, variable costs, and fixed costs

Should governments support the mortgage markets? (I choose yes). Write an essay on the topic and include references.

The final project for this course is the creation of a research paper.  Every day, millions of economic choices are made by people—from what brand of soap to buy to how many employees to hire for a factory. Microeconomics provides us with the tools, models, and concepts to better understand individual choices in the marketplace and how resource allocation is determined at the micro level. The decisions made by individuals and households impact the market and influence decisions made by firms. Firms use these tools as a way to determine pricing, output, and profit maximization. As a student of economics, you can use the microeconomic principles to gain an understanding of how firms and individuals make decisions and also to make your own conclusions about actions we can take to improve those decisions.   Now, imagine that you are a consultant to the firm of your choice. The firm has hired you to advise it on how it can ensure its future success as a company in its current market. To do this, you will write a 5-page research paper analyzing market and business data to explain how the core microeconomic principles impact the sustainability of anear-monopolistic firm and what actions it can take to ensure success.    In this assignment, you will demonstrate your mastery of the following course outcomes:  ·       Apply microeconomic models to real-world situations for informing effective business decisions ·       Analyze business and market data using microeconomic tools for their impact on business sustainability ·       Evaluate the structure of various markets for informing effective decision-making strategies ·       Assess the behavior and decisions of individuals and firms for their relation to the microeconomic framework   PROMPT   You will choose one of the firms listed below for which you can find reliable data and information, both at the firm level and the industry level. The firm you select must be a publicly traded company, must operate in the U.S. market, and must currently be in business. Once you have selected a firm for your case study, you will gather information and data relevant to the firm and its industry and use the core microeconomic principles you have learned in class to analyze the information and make a recommendation for your firm. You will compose a 5-page research paper in which you will analyze the market and business data to explain how the core microeconomic principles impact the sustainability of the firm, and your recommendation will suggest the actions the firm can take to ensure success.   FIRM CHOICES:   ·       Amazon  ·       Apple ·       Facebook ·       Google ·       Con Edison ·       Netflix   Specifically, the following critical elements must be addressed:   I. Introduction   Select a near monopoly firm from the list provided.   a) Summarize the history of the firm, and provide an overview for what the firm does and what goods/services it sells.   II. 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. c) How has COVID-19 impacted your firm’s supply and demand of products and/or services?   III. 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. d) Given high unemployment levels, would you say demand for your firms products are elastic or inelastic?   IV. Explore the overall market for your firm.   a) Discuss the market share (not stock price) 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. d) How has government regulation and oversight impacted your firm’s success or future?   V. Recommendation a) Develop a recommendation for how the firm can manage its future as a near monopoly 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. safe assign

Please provide a synopsis of the attached Fed Chairman’s January 30th 2019  September 18th 2019 January 29th 2020 Sept 19 2020  Please provide an overall summary of the Federal Reserve’s Chair Press Conferences Include in your analysis “The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Economic activity and employment have picked up in recent months but remain well below their levels at the beginning of the year. Weaker demand and significantly lower oil prices are holding down consumer price inflation. Overall financial conditions have improved in recent months, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses. ” & also “My colleagues and I have one overarching goal: to sustain the economic expansion, with a strong job market and stable prices, for the benefit of the American people. ”  How is this central objective achieved.  What was the FOMC’s decision in each case.  What is the state of employment and inflation in the US economy.  What was the FOMC’s most recent decision. How similar and how different was the press conference of the Fed chairperson after the meeting? Elaborate on at least four subject matters that he presented. Elaborate on at least three pertinent questions that the press asked. Elaborate on the FOMC’s role in setting and implementing monetary policy. Explain the mechanism of a rate cut by the FOMC and its impact, if any, in the US economy. How is the federal reserve trying to effect the financial markets and the economy as a whole? What was its policy prior and what is it after the 2020 pandemic? FOMCpresconf20190130 FED.pdf   https://www.federalreserve.gov/monetarypolicy/fomcpresconf20190619.htm https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20190918.pdf https://www.federalreserve.gov/newsevents/pressreleases/monetary20190918a.htm