Economics

Each of you (individually) will analyze a case study and prepare a two-part 7-page report on a practical labor economics problem. The first part should be a 2-page memo in which you need to, in a succinct way, convey the nature of the problem, your solutions, and their consequences. The second part should be a more detailed technical report (5 pages) backing the conclusions in your memo. The goal is to put you in the shoes of an expert and you can think of me as a decision-maker who will follow your recommendation.  Case study for this year is “The consequences of COVID-19 for the U.S. labor market” COVID-19 global pandemic has a significant impact on the labor markets in the U.S. and globally. It tested the efficiency and robustness of labor market institutions and generated a myriad of policies at both local and national level aimed to remediate its consequences for current and future workers. Furthermore, firms also responded with both altered demand as well as working arrangements for their workers. Many economists and policymakers have made analyses and predictions about the consequences of the epidemic for the labor market and jobs, and in particular for different types of occupations. Building on all this, your goal in this case study is three-fold: (1) Describe the state of the U.S. labor market pre-pandemic. Focus on labor demand and supply as well as types of jobs, immigration, and employment conditions. Provide information on core labor market institutions in the U.S. e.g., unemployment insurance, disability benefits, leave regulations. Please use statistical facts and scientific evidence to back your description. (10 points) (2) Describe how the COVID-19 pandemic affected the U.S. labor market between its start in February 2020 and the current situation in August 2020. What happened to U.S. employment and unemployment? Were the consequences heterogeneous across sectors, types of jobs, educational groups, gender, race/ethnicity, etc.? How about spatial variation? What about experienced workers vs. new graduates? Please use statistical facts and scientific evidence to back your description. (10 points) (3) Propose a new policy or modification to an existing policy that would ameliorate the impact of COVID-19 on the U.S. labor market. Please make sure that the policy is feasible to implement in terms of both resources and politics. Pay particular attention to issues of scalability, compliance, potential externalities, and cost-benefit analysis. Justify your choice and thought process using data and/or economic models. (10 points) Note: guidelines in points (1) to (3) above are intentionally vague. I want you to own the project and research topics that are particularly exciting to you. In that, you do not need to cover all the example questions above and you should add more information specific to the focus of your technical report. I do require, however, that you include all three sections in your work i.e., you need to talk about the description of the labor market pre- and during the pandemic as well as about your proposed policy. This content should be included in both memo and report. The memo is a policy-focused, succinct summary of your report. Please contact me if you have any questions about either part of the project.

The Federal Minimum Wage is far lower in real terms now than it was when it was raised in 1969. Many states already have passed laws to raise their Minimum Wage to $15 over several years.  Would an increased Federal Minimum Wage be a good idea? Would it cause unemployment?  Should it be indexed to cost of living increases?  I need stats as well minimum wage vs macroeconomics (analyzing the causes and broader economic implications of income inequality in the US, evaluate possible remedies to the problems caused by inequality) economic effects: https://www.epi.org/publication/minimum-wage-testimony-feb-2019/ https://digitalcommons.ilr.cornell.edu/cgi/viewcontent.cgi?article=2130&context=articles effects of the higher minimum wage, unemployment, https://www.cbo.gov/publication/55681 https://www.investopedia.com/articles/personal-finance/013015/how-minimum-wage-impacts-unemployment.asp

The ratio of executive pay to average pay in many industries has risen dramatically in recent years. Explore the reasons for this. To what extent is the financial industry particularly important in the overall increase in executive pay? Are there economic explanations for the greater relative pay of executives in the US than in other countries?

In a 650 word essay using economic principles/ theories, please answer the prompt: “Which will perform better in the next metals rally, Gold or Silver?”

I put 2 pages but to be honest there is no set page! Adjust the price to what you think is adequate.  Supply and Demand Concepts You have been hired by a new firm selling electronic dog feeders. Your client has asked you to gather some data on the supply and demand for the feeder, which is given below, and address several questions regarding the supply and demand for these feeders. Price per Feeder Quantity Demanded Quantity Supplied $300 500 1800 270 600 1700 240 700 1600 210 800 1500 180 1000 1400 150 1100 1300 120 1200 1200 80 1300 1100 60 1400 1000 30 1500 900 10 1600 800 Your client has asked that you develop a report addressing the following questions so that you can present these findings to their Board of Directors: Questions: Construct a graph showing supply and demand in the electronic dog feeder market, using Microsoft Excel. How are the laws of supply and demand illustrated in this graph? Explain your answers. What is the equilibrium price and quantity in this market? Assume that the government imposes a price floor of $180 in the feeder market. What would happen in this market? Assume that the price floor is removed and a price ceiling is imposed at $90. What would happen in this market? Now, assume that the price of feeders drops by 50%. How would this change impact the demand for feeders? Explain your answer and reconstruct the graph developed in question one to show this change. Assume that the incomes of the consumers in this market increases. What would happen in this market? Explain your answer and reconstruct the graph developed in question one to show this change. Assume that the number of sellers decreases in this market. What would happen in this market? Explain your answer and reconstruct the graph developed in question one to show this change. Explain the difference between a normal good and an inferior good. Would your answers to question 7 change depending on whether this good is a normal or inferior good? Why? Submission Details: Develop your analysis in Microsoft Excel format. Enter non-numerical responses in the same worksheet using text boxes.

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 macroeconomy 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

PLEASE READ THESE INSTRUCTIONS AND THE RUBRIC THOROUGHLY: This is the final submission of an assignment that was broken into 3 parts that I have uploaded in a single PowerPoint. Make the necessary revisions and add the new slides to the current presentation. Notes from the instructor must be taken into account for the final submission.  Instructor Feedback for Milestones 1 and 2: Milestone 1: Analyzes the annual GDP during the time frame to calculate specific growth rates and trends in the U.S. economy, but the analysis is inaccurate or does not provide information in speaker notes. Milestone 2: Explains the impact of the new fiscal policy actions on individuals and businesses within the economy, but is not comprehensive, does not integrate the macroeconomic data and principles, or does not provide information in speaker notes THESE ISSUES MUST BE ADDRESSED IN THE FINAL SUBMISSION. I have not received any feedback for Milestone 3, but if I do receive it before this assignment is complete, I will update through chat. The main revisions need to be made to GDP and Fiscal policy. Also, there need to be 3-4 additional slides discussing foreign trade. These slides must flow seamlessly with the work that has already been done. References must be APA format.   FRED: https://fred.stlouisfed.org/series/GDP is the only required resource. The following link is a tutorial on how to use FRED: https://www.youtube.com/watch?v=yBhJYjhm6bo

Write an essay on The Effect of Children on Retirement

Hi, I need a research paper, 4 pages long. Topic: How does cryptocurrency impact the global economy? Structure: Introduction: what is a cryptocurrency, how has it impacted the global economy (use facts and figures) 120-150 words Second para: How does it work, what does it use and it’s typing. Causes: – Why does cryptocurrency exists – What makes it different from paper money – why do people choose cryptocurrency Consequences: – how does it affect the daily life of an individual – how has it changed the trading system and various e-commerce and other platforms – focus consequences and impact to the economies (use examples and figures) Perspectives (use facts and details) Global perspective: Choose 3 countries and focus on the impact of cryptocurrencies on their economy with facts and details and how it originated there Focus max on impact and how many people use it. The three countries must be put as three different subheadings under global perspectives Focus on the global aspect National Perspective: Choose One country that wasn’t selected for global perspectives. Discuss the impact on that nation and only that nation. Same points as global. Conclusion All sources to be cited using in-text citations and mainly focus on the impact on the global economy throughout. Answer the question well with detailed analysis. Sources used must be reliable and do not use Wikipedia or blogs. At the end, there must be a final list of all sources as well. MLA style Let me know if there are any questions.

One of the problems in a competitive market environment is deadweight losses. What are deadweight losses, and what are their causes? What are the market effects of a deadweight loss? What are the major factors that determine who will bear the burden of a tax or the incidence of a tax?