Economics

Select an economic development project in your community. The project must have been implemented and/or completed within the past 10 years. Provide background about the project and the intended economic benefits. In presenting your overview of the project, compare the project’s development process to the economic planning challenges outlined in Leigh and Blakely’s text, Chapter 1 -4. To what degree did the community economic development project experience the transition in local planning? Discuss. Also, based upon your understanding of Chapter 1 – 2 of the McDonald text, outline the causal theory that undergirds your jurisdiction’s development project. What has been identified as enhancing prospects for community sustainability? Describe in detail the configuration of public, private, and not-for-profit sector linkages that proved instrumental in making your community’s project a reality?

Understanding what leads to shortages and surpluses is helpful in any business. Just as we’ve seen with our winter jacket company, these concepts are particularly relevant when it comes to products that consumers don’t need year-round. Demand and supply shift depending on the time of year. For this assignment, create and upload at least a 10-slide presentation with speaking notes identifying and discussing three products that have seasonal fluctuations in supply and demand. In addition, explain how producers can fill a market need during periods of reduced demand. How can you determine if the price will increase or decrease in the next twelve months? Be specific and thorough in your answer. Your presentation should have a reference slide with at least 1 citation

Respond to the following in a minimum of 175 words: Innovation and physical capital are 2 of the 4 factors of production. Discuss some specific ways that 1 of the following laws increased the productivity of 1 or both of these factors of production:1862 Pacific Railway Act1956 Federal-Aid Highway Act1946 Federal Airport Act What other examples of economic concentration can you share? What are the risks and advantages of economic concentration? How has economic concentration influenced your industry?

There has been a discussion about whether the Tax Cuts and Jobs Act that took effect in 2018 will increase tax revenue. Tax revenue can be thought of an as average tax rate multiplied by taxable income. If the average tax rate falls while taxable income stays the same, tax revenue will fall. But what if the tax cuts increase taxable income? Both of the major schools of thought in macroeconomics (Keynesians and Neoclassicals) believe that tax cuts increase economic growth. Economic growth increases taxable income. Our recent economic growth has brought unemployment down to historically low levels. Think about this. Reply to these questions to begin your discussion: Do you think that the tax cuts of the Tax Cuts and Jobs Act will increase economic growth and taxable income so much that tax revenue will increase? Or do you think that the tax cuts will reduce tax revenue? Explain your answers.4 SENTENCES ONLY

Is real GDP per capita a perfect measure of living standard? Why? Share your thought on how to measure and compare living standard and quality of life. https://www.youtube.com/watch?v=gX21IO16S-k&feature=emb_title  100 words minimum 

1. Read the article, and answer this question: Think through the three questions in the textbook about a bad decision: 1) Who made the bad decision? 2) Did they have enough information to make a good decision? 3) Did they have the correct incentives to make a good decision? Apply those 3 questions to this scenario and enter your thoughts below. half a page should be enough2. https://youtu.be/I293Ci7FddISometimes it is difficult to understand this, so try to put it in words: why did the threat to punish those that raise prices cause unintended consequences and potentially harm the very people it was trying to help?

For this assignment, you should use the information in the textbook and the information found on the official Department of Labor website, http://www.bls.gov/home.htm. Unemployment is one of the major concerns that people have in today’s economy, since losing one’s job can be one of the most devastating events a person can experience. But what do the numbers actually mean? What is the actual state of the economy, in terms of its ability to generate jobs for its citizens? Questions: What is the labor force participation rate? What was the labor force participation rate in 2008? How has it changed since 2008 and what does this change imply for the state of the economy? Does the labor force participation rate affect the unemployment rates reported in the media? How is unemployment measured and reported? What is a discouraged worker? Are they included in the basic unemployment rate? Are they included in any measure of unemployment? How has the number of discouraged workers changed since 2008? How does the exclusion of the discouraged worker affect the basic unemployment rate reported in the media? What is frictional unemployment? What is structural unemployment? What is cyclical unemployment? What economic policies should be used to deal with these types of unemployment? Which type is most prevalent in today’s economy? Unemployment insurance is designed to help the unemployed. Do these benefits encourage or discourage a person from looking for work? How long should these benefits last? Does the existence of unions help or hurt the overall economy and the employment rate? Why or why not? Deliverables: Prepare a 5-6 page Microsoft Word document that addresses the above-noted concerns and meets APA standards. Include a summary section in your report that contains 5-7 bullet points identifying your major findings or conclusions of your paper.

How does technology affect the economy of Japan, in the perspective of macroeconomics?

Estimate a hedonic model using the dataset provided and considering the following parameters (you should use the Regression option in MS Excel add-in Data Analysis)  Dependent variable – house price Independent variables – • Number of bedrooms • Number of bathrooms • Number of parking spaces • Distance from the Sydney CBD (kilometres) • Proportion of high-income people in the neighbourhood (earning >$2,000/week) • Proportion of Australian born people in the neighbourhood Note: The Excel output should be provided as an appendix (at the end of the report) and will not be counted towards the word limit. The Residual Output is not required.  2. Provide economic interpretations for the coefficients of the following variables (referring to the nature of relationships between these variables and house prices) (25 marks): (a). Distance from the Sydney CBD (kilometres) (b). The proportion of high-income people in the neighbourhood (earning >$2,000/week) (c). The proportion of Australian born people in the neighbourhood 3. (a). Briefly discuss two implications (one positive and one negative) arising from the relationship you discussed in question 2(a) on cities (10 marks). (b). Briefly discuss two ways in which governments can address the negative consequences of the relationship depicted in 2(a) (7.5 marks). (c). Briefly identify two consequences of the relationship represented in 2(b) on cities (7.5 marks)

Analyze and explain the financial and economic context, as well as the international tourism market, Analyze tendencies, responses, and strategies adopted as a consequence of the crisis Prove policies implemented as a response to the crisis last until today, therefore it was a durable change and possibly a needed long term market adjustment