Economics

During times of natural disasters, price ceilings are often employed to keep prices low for consumers. We most often see this with gasoline but also see it with other goods. Starting with your textbook and then incorporating additional research: Discuss what economic theory happens with a binding price ceiling. Draw a supply and demand graph illustrating the binding price ceiling (do not just copy and paste a graph; create your own). Discuss what elasticity conditions (labor demand/supply perfectly elastic, elastic, unitary elastic, inelastic, or perfectly inelastic) would be needed for the binding price ceiling to benefit affected consumers. Discuss how goods and services are allocated under a binding price ceiling.

Assume you are working for an economic consultancy firm and are preparing a market outlook report for your corporate clients. You are comparing the impact of Covid-19 on the international economic situation of New Zealand to the international economic situation of another country of your choice. Note that you are studying each country, and then comparing the two countries, your focus is not on any transactions between New Zealand and the other country. You need to address the two following topics: 1. What has been the impact of Covid-19 on exchange rates, trade patterns, and current account balances of each of your two countries? Which country has been the most affected and why? 2. What are any likely future impacts of Covid-19 on these variables? Which country is likely to be the most affected and why? Excel Data File:  You must use an Excel data file to store your downloaded data, calculate any of your data, calculate statistical relationships using your data, and for creating the graphs of your data. A third of the report mark will be based on how easy it is for someone who has done no work on the topic to open your Excel file, know the exactly what the data you have included measures, be able to replicate downloading it from the sources of your data, be able to understand any calculations you perform or statistical measures you calculate or estimate, and be able to understand and replicate your two graphs.

The Tax Cut and Jobs Act, 2017 The changes made by the Tax Cut and Jobs Act, 2017 to the tax provisions have changed tax rate for 2018 and people are getting a first hand experience of what it means to them. Go over the Act and address the questions below: What are the major changes made to the tax provisions by the Act? What impact is it likely to have on our GDP and government’s budget? How have the changes in taxes affected you personally? Does everyone benefit from the changes in tax provisions or does it favor one group over others? What changes do you agree and disagree with? If you had the power to revise the Act, what changes would you make?

Provide an overview consisting of a brief description of the chosen company, your chosen product or service, and annual sales. Describe three macroeconomic variables in the United States that impact the supply and demand of your chosen product or service. Using graphs in Excel, interpret the trends of the three selected macroeconomic variables for the past three years. Based on the trends of the three macroeconomic variables, assess how the trends will impact the supply and demand of your chosen product or service. Include all calculations in an Excel file.

Macroeconomics..I have 5 subjects that needs to cover 10 pages APA style.. Evaluate the historical relationship between unemployment and inflation. (hint: You may start from A.W. Phillips’s finding of the relationship between unemployment and inflation.) Distinguish between the short-run and the long-run in a macroeconomic analysis. Why is the relationship between unemployment and inflation different in the short-run and the long-run? Assess the recent 20-year U.S. unemployment and inflation data. Do the current U.S. unemployment and inflation data confirm the short-run Phillips curve? Analyze why the recent 20-year U.S. unemployment and inflation data approves or disproves the short-run Phillips curve. Evaluate whether the Phillips curve can still validly resolve today’s issue of unemployment and inflation and forecast unemployment and inflation. Why or why not? Recommend any policy, method, or opinions for the current U.S. unemployment and inflation as a policy maker for either fiscal policy or monetary policy (or both).

Write not more than a four-page, doubled -spaced 12 sized Arial font report in which you detail the evolution and implementation of Keynesian Macroeconomic policies and your understanding from having read the final chapters on Fiscal and Monetary policies discussed in the textbook. Cite historical examples of effective Keynesian policies as they have been enacted -from the Great Depression and the Great 2007-09 Recession of the financial system. Compare vs contrast why Keynesianism did not particularly work during the 70’s stagflation. Why do you think Keynesian policies proved not to be effective at the time and the economic reasoning behind this that vindicates Keynes. Include at least 3 sources in your reaction paper outlined on a third ‘Works Cited” page. Hint-think in terms of Keynesian spending to stimulate AD when the nation undergoes a short run fluctuation in GDP and employment due to the onset of a recession/depression or high inflation. Try to follow your reasoning logically in relation to what the fiscal policy tool-expansionary or contractionary aims at achieving in the macro economy in terms of FE levels of GDP and employment. You may use in—text citations or footnotes in your narrative. You might want to show graphically episodes of expansionary and contractionary Fiscal or monetary policies to support your arguments via the Keynesian AD_AS Model

Discuss one microeconomic issue covered in class that personally relates to you.  The microeconomic issue that personally relates to me is “Rising Prices of a Specific Good, Service, or Resource.” Collect articles from magazines, newspapers, radio, podcasts, etc. (these can be electronic versions) that relate to your microeconomic issue you describe. You will need 3 articles for this project. You will need 3 reasons on how the issue relates to yourself. Create a 20- to 30-word explanation of how each article/reason connects to the issue. In at least 4 of your explanations, there must be a reference to some of the economic content. YOU MUST OFFER A SOLUTION TO THE ISSUE THAT YOU HAVE IDENTIFIED.

start in Google Scholar (or any electronic Library you may have access to) and locate one Journal Articles (less than 7 years old) that address some facet of forecasting.  To Search, start by entering search terms such as “Demand Forecasting” or “Forecasting Methods” into the search bar and a long list of sub-topic titles will appear.  Choose a journal article that (a) interests you, and (b) has a PDF version you can download to your PC or MAC.  Read the journal article through from start to finish while making notes on the research, the findings, and the conclusions.  Then using the Word template provided below, report on the journal article you chose: Title of the journal article, author, publishing journal, year of publication,  A summation  that introduces the Journal article subject matter Type of research conducted and research question (if there is one) Background information as to why this journal article was written (look in the Literature Search/Survey section) Findings and Conclusions if a research-based article A short summary of what you learned that added to your understanding of demand driven forecasting

For this assignment, you will write a 3-page paper (double-spaced, 1-inch margins) providing at least 1 example of how government has overstepped biblical principles in some form of economic policy. Be sure to adhere to the format specified in the Course Style Guidelines document.   Include the following topic:   The role of the Federal Reserve.

First watch the video “How US Consumers Help Prop Up the World Economy”. Please note that this video is from February 16, 2020, so immediately before the global pandemic became a significant influence on the global economy. https://www.youtube.com/watch?v=7Zw0Eook7WI (please copy/paste the link into your browser) For this paper, 1. comment on what you learned from the video and 2. how would what you’ve learned change because of  the pandemic and its impact on the US economy as well as the worldwide economy.  3. How are/will business change in the US? Worldwide? 4. How will employment and wages change in  the US? Worldwide? 5. What about the aging population in the US? Worldwide? 6. What do you think the creators of this video would say today? Requirements: 1. Be specific and use credible sources to back up your arguments/statements.  2. Minimum word count: 600 words.