Economics

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This paper must be a summary expression of a new infromation, understanding and perceptions learned in each section, unanswered questions that could be a possibly insight or a solutionn to a topic covered.  Must be in a first person voice. The required book is: Economics: Private and public choice  Author: Gwartney, James. D, Macpherson, David A., Sobel, Russell S., Stroup, Richard L. Publisher: Cengage Learning  Edition: 16 ISBN 9781305506725 GUIDE: First write a brief summary of the contents of a lecture in class, group discussion or reading material. Then reflect upon these activities- record your own thoughts, ideas, responses and reactions to any of the above activities.  Make notes about concepts, questions you have, and any confusion that may arise. Use the journal to explore possible solutions to problems being raised in class or alternative activities to the ones presented in class.  Record new insights and problem-solvingstrategies realized during discussions with fellow students and instructor. The journal reflects your own thoughts and ideas. Be as original and critical (constructive) as you can.   What are you reflecting on? Examples are an issue, fallacy, question, economic theory, definitions, moral/ethic conflicts, real-world application, human-decision-making, theme or topic. What do Inot want from your reflections?It is not passive reporting or unchallenged thoughts! It is not a diary or a journaling exercisebut is an academic reflection on the practical application of Microeconomic themes.    Share your wrestling and deep struggle as you process the reading material and online discussion. For each reflection, selectone or two, but no more than three points of contemplation. State what you are reflecting on, and how is it affecting you, and your sphere of influence.  Bring out the tension or misconceptions between your understanding of the holistic understanding of the economy and its intentional design and your personal and professional experiences.

Your son is graduating from high school and is about to enter the work force. He has developed a strong curiosity about our economic system and how it works. Because you have a good understanding of basic economics, he has asked you to explain several concepts that are essential to an understanding of how the economy works. Your son has asked you to explain the following concepts and ideas: Absolute and comparative advantage: Explain how these concepts describe the benefits and costs of international trade. “Invisible hand”: What is it and how does it affect the decision-making process in our economic system? Circular flow diagram: Include the government sector in your explanation, a description of the roles that each participant plays in the economy, and how the different sectors interact in the markets. The Production Possibilities model: Provide an example and include a summary of what the model is illustrating and the economic implications for the economy. Microeconomics and macroeconomics: Explain the differences between the two and why economics is divided into these two subdivisions. Deliverables: Prepare a 5 page Microsoft Word document that addresses the above-noted concerns and meets APA standards. MUST include APA intext citations MUST MUST MUST Include a summary section in your report that contains 5-7 bullet points identifying your major findings or conclusions of your paper.

Every country has its own currency. The value of a country’s currency is directly related to its economics. Therefore, the value of each country’s currency is different. The question becomes, “How can countries and businesses do business with each other when the value of each country’s currency is different?” The answer is The Currency Exchange Rate. With the advent of the Internet, there has been an explosion in the Forex Market to the point where this market dwarves all other markets. The Forex Market (FX for short) is where currencies are bought and sold and a price is “fixed” on a moment by moment basis between the values of different currencies. This is known as the “currency exchange rate.” For example, as of this writing, $1 U.S. will get you $1.31 Canadian. This difference in the exchange rate means that the U.S. Dollar (the U.S. economy) is stronger than the Canadian Dollar (the Canadian economy) because for each U.S. Dollar, you get more Canadian Dollars. Conversely, for $1 U.S., you’ll only get $0.80 Pound Sterling or British Pound. The U.S. economy is weaker than England’s economy because for each U.S. Dollar you get less British Pounds. Project Instructions Choose one country from the following list: Japan UK (United Kingdom – England – Great Britain) Australia Canada South Korea This final project will require you to examine the FX currency of your choice from the list above versus the U.S. Dollar over any recent consecutive five-year period as to why the exchange rate fluctuated during that period. Writing Guidelines Use the following writing guidelines to complete and submit your paper: Using Microsoft Word or a Word-compatible program, include the following information at the top of the paper: Your Name Student ID Number Course Title and Number  Graded Project Number (the six-digit number found on your student portal) The paper will contain three parts: An Introduction The Main Body A Summary or Conclusion Your paper must be a minimum of five pages in length, including a Works Cited page. The submission will be double-spaced in a standard print font of size 12. Use a standard document format with one-inch margins. Do not use any fancy or cursive fonts. Be sure to use correct grammar, punctuation, and spelling. Use the tools available in Word or other software programs such as Grammarly to check and correct the English Composition. Citing Your Work: A minimum of five citations is required. When it comes to citing source material that isn’t your own, there are two parts to a citation. The first one is the in-text citation and the second one is the citation presented on the Works Cited page itself. Improperly formatted citations, or missing either of the two parts of citations, constitutes Plagiarism and results in a failing grade of 1. The citations must follow APA formatting. If you don’t remember how to make a properly formatted APA citation, go to the Purdue OWL (Online Writing Lab) website by following these steps: Do a search on the Internet for “Purdue OWL” and go to the homepage. In the menu on the left, click on Research and Citation. From the drop-down menu, click on APA Style. Click on APA Formatting and Style Guide. Select Reference List: Electronic Resources. Alternatively, go to Penn Foster’s Writer’s Block, or call and speak with an English instructor to refresh your memory on how to make a proper citation. Writing Steps To write your paper, follow these suggested steps: Step 1 Select a foreign currency you want to analyze versus the U. S. Dollar. Find the FX ticker symbol for the currency. Step 2 Perform your research. Go to a website such as www.xe.com or Bloomberg that has charting capabilities for the currency selected versus the US Dollar. Even a search in Google for the name of the currency exchange rate (such as searching “China currency exchange rate”) can be done to view a chart. Decide on a five-year period that you’ll want to analyze. Record the currency exchange rate over the five-year period showing the “significant” points in time such as: The starting point for the five-year period The high points The low points Any “relatively” major ups and downs in the exchange rate The ending point for the five-year period Be sure to save the web address, as it will be used as one of the citations required later on in your Works Cited page. Step 3 Once you have the exchange rates for the five-year period,  research to formulate an opinion as to why the exchange rate fluctuated over that period. Using your knowledge of Macroeconomics, research the economics of the country selected (such as GDP figures, supply/demand, housing, and labor, just to name a few of the economic concepts that you’ve learned about) and the events (such as political events, natural or unnatural disaster events, war events) that had an effect on the economy of the country. Do the same research for the economics of the United States during that five-year period. Step 4 Write a first draft of your paper following the guidelines presented above. The introduction should include what the paper is about, the currency selected, and a table listing the currency exchange rates as of specific dates for the country selected versus the U.S. dollar. This table should have an in-text citation and a properly formatted citation on the Works Cited page so that these figures can be verified based upon the citation presented. Work, facts, figures, and any other elements that aren’t your own must be properly cited; otherwise, this is plagiarism and will warrant a grade of 1. This introduction should be one or two paragraphs at most and include the table. The main body of the paper will present your opinion as to why the currency exchange rate fluctuated over the five-year period. You must support your opinion with at least four in-text citations and also include these citations, properly formatted, on the Works Cited page. The economic analysis needs to include both sides of the currency exchange rate. There can be no exchange rate if there’s only one side (one country). Therefore, the analysis must include the selected currency and the U.S. dollar. For this analysis, you’re being asked to provide a minimum of four pages as a summary of your opinion.  The parts of the paper should include: The introduction which states what the paper is about and includes a table with the exchange rates over the selected five-year period listed.  The main body of the paper which discusses both economies providing an opinion as to why the exchange rate fluctuated and include in-text citations to show support for that opinion. Remember, the in-text citations also need to be included on a Works Cited page. The summary or conclusion, which is a summary of what was presented in the introduction and main body of the paper and it should only be one or two paragraphs in length. Remember: Follow the writing guidelines, use 12pt font, double spacing, and the analysis needs to be a minimum of 4 pages. Step 5 Create a “Works Cited” page following APA guidelines as stated above. Not having correct in-text citations or properly formatted citations is Plagiarism and warrants a grade of 1. Step 6 Proofread the draft getting ready for its submission. Put it away for a day or two and then come back to it. Good writing is about rewriting. Be sure to grammar check and spell check the paper. There is no excuse for having these types of mistakes. Step 7 When ready, submit your paper following the instructions for submitting your project. Grading Criteria Your project will be evaluated according to the following criteria: Introduction                          20 percent Main Body (Analysis)           50 percent Summary or Conclusion      10 percent Written Communication       10 percent Format                                 10 percent Introduction Provides one or two paragraphs for an Introduction which also includes a table with the currency exchange rates for a consecutive five-year period Main Body (Analysis) Provides an economic analysis for the currency selected Provides an economic analysis for the US Dollar Provides an opinion based upon the economic analysis of the two currencies as to why the exchange rate fluctuated during the five-year period Provides at least four valid citations to support the opinion stated The economic analysis is a minimum of four pages in length Summary or Conclusion Provides a clear summary or conclusion restating the analysis in one or two paragraphs Written Communication Uses correct grammar, spelling, punctuation, and sentence structure Provides clear organization and transitional words when necessary (such as first, however, on the other hand, consequently, since, next, and when) No typographical errors Provides in-text citations and includes citations on a Works Cited page Provides a minimum of four citations The paper is a minimum of five pages in length Format Double-spaced 12pt font APA format Properly formatted citations and Works Cited page using APA guidelines

What is an economic cost and why do all decisions include an economic cost? 2. Describe the advantages of using money compared to an economy that does not. 3. How does gross investment differ from net investment? 4. How do we measure unemployment and why are some people considered not unemployed even though they are not working?

Economics|Tradable Permit System|Get custom homework help from vetted experts in 100+ courses and programs. 24/7

Discuss immigration and its effects on America’s economic system.

unemployment. (macroeconomics class)

Choose a section in one of the chapters and conduct further research to learn about the topic. Present your findings and research within your paper. Find a current (within the last 12 months) business article related to a topic from one of the chapters.  Write a summary of the article including the economic significance or importance of the article. Summarize what you learned about economics this week and how you can use that information either in your personal or professional life. Compare and contrast microeconomics and macroeconomics.  Present your findings and research within your paper. Assignment Requirements:  For the research paper, select ONE of the topics suggested above to write on.  Please use the APA Paper Template  (Links to an external site.)  to develop your research paper (you will need to click “File” then place your mouse over “Download As” and click on “Microsoft Word.”  This will create a WORD document for you to type into, save, and submit your personal file).  Using the Word file you created, write your paper so that the following requirements are met: The paper should be 2-4 pages (Four pages maximum) in length and should follow all APA formatting, including the following: Cover Page (not included in length of paper) Running Header Double spaced, 12-point standard font, 1-inch margins Appropriate in-text citations Reference Page (not included in length of paper) The paper should express your ideas and thoughts clearly and show logic and critical thinking. The paper should reference content from the textbook and/or other outside sources and be cited properly according to APA format. Note:  Possible sources could include, but are not limited to the following: Bloomberg Business  (Links to an external site.) Forbes  (Links to an external site.) Fortune  (Links to an external site.) Google Finance  (Links to an external site.) The Economist  (Links to an external site.) The Wall Street Journal  (Links to an external site.) Washington Post  (Links to an external site.) Yahoo Finance