Category: Economics

RE: Week 5 ( Economics Assignment #2)

Economic Principles Microeconomics
Overview
In this assignment, you will develop a paper in which you select an industry that interests you, describe that industry, and explain how the government might impact the industry.

An Example Economic Paper and Economic Paper Template is provided below for this assignment.

Review the Microeconomic Paper Example [DOCX].
Use the Microeconomic Paper Template [DOCX] to help you get started. (Optional).
Instructions
Review your chapter readings and use the resources provided to develop a 23-page paper on Economic Principles Microeconomics in which you:

Visit the Census Bureau (NAICS) website and select an industry that has a description. Some of the smaller industries are named, but not described.
The industry could be broad, such as industry 11 Agriculture, Forestry, Fishing, and Hunting, or it could be narrow, such as industry 112112 Cattle Feedlots.
The more digits in the industry label, the narrower the industry.
In a few short paragraphs, describe your selected industry using the industry description at the NAICS website.
Be sure to write in your own words. Dont just copy and paste the NAICS text.
Identify some of the major companies in this industry
Identify the goods, and/or services this industry produces. Use the information from the NAICS website. You can supplement this information with what you find in a separate Google search.
Describe a microeconomic variable for your industry. Microeconomic variables include prices, sales, production, advertising, investment, etc.
Include a graph, chart, or table showing this microeconomic variable over time.
You do not need to create this graph, chart, or table. Find one that has already been created and paste it into your paper. For example, if your industry is U.S. automobile manufacturing, Google, U.S. automobile manufacturing over time. Select the images option. Choose one of the graphs, charts, or tables. Then copy and paste it into your paper.
Include a reference to the source of the graph, chart, or table. Microeconomic relationships and market outcomes are covered in Weeks 24.
Describe one way the government might impact this industry. Examples might include price controls, regulations, taxes, or any other way you can think of.
Government intervention through price controls, regulations, taxes, and antitrust enforcement was covered in Weeks 2 and 4.
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
Resources to Complete the Assignment
Week 5 Assignment with NAICS Example [DOCX].
Business Source Complete.
This database has an option to search the Publication Type of Industry Profile
How to use Business Source Complete.
This instructional video illustrates how to use Business Source Complete.
D&Bs Business Directory.
Using this site, you can search by industry, get a profile of the industry, and see top companies.
Fortune 500 Directory.
You can find information on the top companies in most categories.
The specific course learning outcome associated with this assignment is:

Explain economic principles and their applications in the real world.

Resources to complete the Assignment!!!

RE: Week 5 Discussion(Economics)

ConsideringTrade-offsYou Make Every Day

Let’s talk about twotrade-offswe face every day: how we spend our time and money.

There are many things we can do with our money. Money spent on one thing isnt available to spend on another. Also, there are many things we can do with our time. We can spend time doing one job or another. We can spend time with family. We can spend time in leisure.

Reply to these prompts to start your discussion:

Describe atrade-offyou havemade in terms of your income or your time. What choice did you make with your money or time? Why did you make that choice?

Please no citations or references. Only one paragraph with a question at the end followed by the answer.

Economic Analysis of Asia

Responses will be evaluated based on the following criteria:
1. Reference to the provided resource in support of the argument.
2. Reference to the class content in support of the argument.
3. Reference to at least one other peer-reviewed article outside the textbook or the provided resource,
where indicated (please remember to cite the sources and show the full references at the end of the
report).
4. Students own critical thoughts about the question.
5. Student answered all questions satisfactorily.

Question 1:
Download UNDP Human Development Data for Bangladesh, China, Malaysia, Philippines, and Singapore. Replicate the calculation of these countries HDIs for the most recent year (2018).
Provide a one-paragraph interpretation of the calculated HDI and its components, in the context of each country (minimal research required).

Here are the steps to follow:

Go to: http://hdr.undp.org/en/data#.
1) Select each of the three dimensions of HDI: Health, Education, and Income. 2) Select the appropriate indicator (e.g. life expectancy).
3) Download data and open in Excel.
4) Calculate the appropriate indexes.
5) Put them together to calculate the HDI.

Question 2:
Afghanistan and Pakistan share a long border and history.

1) Download World Bank data ( https://data.worldbank.org ) on the population by age and sex for the two countries and build the two countries population pyramids for the most recent year (2019). What are the similarities and differences in age distribution between the two countries? Do some research to provide an explanation.

2) Download the annual estimates of the population totals from 1960 to present. Use a graph to compare the trends for the two countries. Can you use data on the population components (births, deaths, and migration) to explain these trends? (Hint: migration variables include international migrant stock and totals, as well as net migration).

Question 3:
Based on chapter 2 of the Malixi textbook, describe the economic development patterns of Japan since the 1950s. Provide some explanations of these patterns. Please remember to relate these explanations to the models of economic development we reviewed in class (Arthur Lewis, Harrod-Domar, Solow, and others). Length: not more than 2 pages.

Economic Analysis of Asia

Responses will be evaluated based on the following criteria:
1. Reference to the provided resource in support of the argument.
2. Reference to the class content in support of the argument.
3. Reference to at least one other peer-reviewed article outside the textbook or the provided resource,
where indicated (please remember to cite the sources and show the full references at the end of the
report).
4. Students own critical thoughts about the question.
5. Student answered all questions satisfactorily.

Question 1:
Download UNDP Human Development Data for Bangladesh, China, Malaysia, Philippines, and Singapore. Replicate the calculation of these countries HDIs for the most recent year (2018).
Provide a one-paragraph interpretation of the calculated HDI and its components, in the context of each country (minimal research required).

Here are the steps to follow:
Go to: http://hdr.undp.org/en/data#.
1) Select each of the three dimensions of HDI: Health, Education, and Income. 2) Select the appropriate indicator (e.g. life expectancy).
3) Download data and open it in Excel.
4) Calculate the appropriate indexes.
5) Put them together to calculate the HDI.

Question 2:
Afghanistan and Pakistan share a long border and history.

1) Download World Bank data ( https://data.worldbank.org ) on the population by age and sex for the two countries and build the two countries population pyramids for the most recent year (2019). What are the similarities and differences in age distribution between the two countries? Do some research to provide an explanation.
     
2) Download the annual estimates of the population totals from 1960 to present. Use a graph to compare the trends for the two countries. Can you use data on the population components (births, deaths, and migration) to explain these trends? (Hint: migration variables include international migrant stock and totals, as well as net migration).

Question 3:
Based on chapter 2 of the Malixi textbook, describe the economic development patterns of Japan since the 1950s. Provide some explanations of these patterns. Please remember to relate these explanations to the models of economic development we reviewed in class (Arthur Lewis, Harrod-Domar, Solow, and others). Length: not more than 2 pages.

Development Analysis

Details on historical events that shaped the development of Hong Kong.
At least 3 economic indicators of your choice from the World Bank data (http://data.worldbank.org/country) and/or other organizations such as the UN Development Program (http://hdr.undp.org/en/data#) to describe the current trends in the country/regions development.
Describe and analyze the factors behind the trends by looking at the different development policies and programs adopted by Hong Kong  through the years
Show how the policies relates to the economic development theories

Please make sure to have in-text citations.  you should not forget to use correct citation after citing resources.

Countercyclical Monetary Policy

Respond to the following in a minimum of 175 words:

  Discuss how changes in the Federal Reserves monetary policy affect at least 1 of the 4 components of GDP (consumption, investment, government spending, net exports).

  Have the Federal Reserves countercyclical monetary policies been effective in moderating business cycle swings? Justify your response.

Federal Reserve and the Great Recession Analysis

Choose 1 of the following topics related to the Great Recession:

The housing price bubble, collapse, foreclosures, bailout of underwater mortgages
Subprime mortgages and derivatives, bailout of FNMA, Freddie Mac and AIG
The banking industry crisis, bailout of commercial and investment banks

Write a 350- to 700-word analysis of 1 of the following corrective actions taken by the Federal Reserve as a result of the crisis:

Quantitative easing
Purchase of toxic assets from financial institutions
Paying interest on reserve balances

Address the following in your analysis:

Actions taken by the Federal Reserve to mitigate the crisis
How the corrective action helped to restore stability to the financial system
How the corrective action should prevent recurrence of a similar crisis

Note: Use of charts and graphs is encouraged with appropriate citations. Any charts or graphs retrieved from the Federal Reserve Bank of St. Louis FRED website may only be included when the data sources used by FRED are US government sources such as the Bureau of Economic Analysis or the Bureau of Labor Statistics.

Cite at least 2 academically credible sources. 

Format your assignment according to APA guidelines

Legal Influences on Economic Concentration

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 Act

        1956 Federal Aid Highway Act

        1946 Federal Airport Act

        What other examples of economic concentration can you share?

        What are the risks and advantages to economic concentration?

        How has economic concentration influenced your industry?

course work

We have discussed the market structures of pure competition, monopoly, monopolistic competition, and oligopoly. In this assignment, you will apply this learning to create cost and revenue graphs for a business operating in one of these market structures. Hypothetical information should reflect the characteristics of the market structure selected.

You are the manager of a firm producing a product in a specific market structure. Provide the following information:

Describe your product and the specific cost components of your product. Make the distinction between the fixed and variable costs associated in the production of your product.
Provide reasons why your firm meets the characteristics of a particular market structure. Explain how this impacts your ability to set price.

Does your firm face a downward sloping demand curve?

What price do you charge for your product and why?

In a table using hypothetical data, please provide total fixed cost, average fixed cost, the total variable cost, the average variable cost, total cost, average total cost, and marginal cost schedules.

In a second table, indicate your profit-maximizing output using price, marginal revenue, and marginal cost schedules.

What profit/loss does your firm earn/incur?
Submit your assignment in a Word document to the appropriate dropbox for grading.

Any topic (writer’s choice)

1. How has evidence about the effectiveness of wearing of face masks in combating COVID-19 evolved over time?
2. Why have many countries changed their policies towards the wearing of face masks over time? Why are there still significant differences in policies towards the waring of face masks across countries and even across different areas within the same countries? Please focus on factors influencing policy context.
3. How would you assess the performance the policy of the World Health Organization (WHO) on the wearing of face masks? What might be the optimal policy of the WHO on the wearing of face masks?
4. What lessons can you draw about the influence of policy context on policy- making?