Project topic has to be approved by the instructor by Jan 31th The major project
is a complete research paper written on a topic of the students choice including a complete
literature review. The paper must be completed using an econometric technique covered
in this course. The student is responsible for collecting the data used. See Chapter 19 of
Wooldridge for details of proper research paper writing methods.
You are responsible for all content covered in the lectures and in the assigned chapters of the
textbook. Some chapter content may not be covered in lectures and some lecture content
may not be in the textbook.

For Term Paper #1 you are required to pick a product or service you use in your everyday life and describe the market for this product. Please make sure to address the following questions:

    What factors influence the demand for this product? What factors influence the supply of this product?
    How have these changes in supply and demand affected the equilibrium price of this product?
    Do you anticipate any changes to the demand and/or supply of this product in the near future? If so, what is driving these changes?

Complete this essay in a Microsoft Word document in APA format. Your work will automatically be submitted to Turnitin for plagiarism review. Please note that a minimum of 700 words for your essay is required.
Research:  conduct research and incorporate at least two (2) additional sources other than your textbook and course articles to support your essay. Use the APA Style to cite your in-text references and to list your references on a reference page.

Discipline:  Health Economics

Topic 1:  The effect of education on physical activity.
Topic 2:  The relationship between education and active transportation

Pick one of the topics

At least 4 references

Do NOT write reviews about smoking or drinking!
Do NOT write reviews about smoking or drinking!
Do NOT write reviews about smoking or drinking!

US GDP
Download nominal and real GDP data for a relatively long period of time from BEA. (Please take a screenshot of the data you choose). Discuss the trend in the growth rate of the real GDP in the U.S.? Calculate the GDP deflator and post your findings in the forum.

During the Great Recession, like any other economic downturns, as unemployment rises, aggregate income declines causing a major decline in tax collections. On the other hand, with the rise in unemployment, spending on safety net programs rise. So, there are not too many good options available to resort the health of the national economy.  It will be very difficult to defend cuts in the federal government programs and especially the programs geared to sustain the minimum of the standard of living for the recent poor. So, government needs to increase its borrowing. Deficit spending refers to government spending exceeding what it brings in federal income and corporate taxes during a certain period. Deficit spending hence increases government debt. Most economists accept that deficit spending is desirable and necessary as part of countercyclical fiscal policy. In such a case, government increases its borrowing and hence its deficit to compensate for the shortfall in aggregate demand. This is derived from Keynesian economics, and has been the mainstream economics view.  Following John Maynard Keynes, many economists recommend deficit spending to moderate or end a recession, especially a severe one. When the economy has high unemployment, an increase in government purchases creates a market for business output, creating income and encouraging increases in consumer spending, which creates further increases in the demand for business output. (This is the multiplier effect).  This raises the real gross domestic product (GDP) and the level of employment and lowers the unemployment rate. Government borrowing under such circumstances increases the demand for borrowing and thus pushes interest rates up. Rising interest rates can “crowd out” (discourage) fixed private investment spending, canceling out some of the demand stimulus arising from the deficit

Write an essay analyzing the advantages and disadvantages of deficit spending and the effects of federal government borrowing on the economy i.e., the crowding out effect.

Complete this essay in a Microsoft Word document, and in APA format.  Note your submission will automatically be submitted through “TurnItIn” for plagiarism review. Please note that a minimum of 700 words for your essay is required.

Your paper should be structured as follows

1.                Cover page with a running head
2.                Introduction: What is deficit spending and how does it work.
2.1.        Advantages
2.2.        Disadvantages
3.                Crowding-out Effect
4.                Conclusions: Do you believe that deficit spending helps or hinders short-term and long-term economic growth?
5.                References

Guidelines
1. This is a Turnitin assignment, so the maximum plagiarism can be 15%. More than this will get low marks.
2. Follow the cover page with title, student name and student ID (see sample as uploaded).
3. The written material can be MAXIMUM 2 to 3 pages.
4. Use 12 Times New Roman and 1.15 Line Space.
5. Try to write some appropriate justifications in light of Microeconomics.
6. Writing should be in paragraphs, do not use only point form.
7. Can give appropriate example of any economy.
8. If two GROUPS found with same contents, this will consider against academic integrity and will result in cheating.
9. There is no extension in due date. In case of emergency, inform before time to instructor.
10. Document the references used in writing essay.

1. This is a Turnitin assignment, so the maximum plagiarism can be 15%. More than this will get low marks.
2. Follow the cover page with title, student name and student ID (see sample as uploaded).
3. The written material can be MAXIMUM 2 to 3 pages.
4. Use 12 Times New Roman and 1.15 Line Space.
5. Try to write some appropriate justifications in light of Microeconomics.
6. Writing should be in paragraphs, do not use only point form.
7. Can give appropriate example of any economy.
8. If two GROUPS found with same contents, this will consider against academic integrity and will result in cheating.
9. There is no extension in due date. In case of emergency, inform before time to instructor.
10. Document the references used in writing essay.

Instructions
1.    Read article ” Opinion: Basic economics means Uber and Lyft cant rely on driverless cars to become profitable” The article discusses the profitability of ridesharing companies such as UBER and Lyft and suggests that introducing driverless cars alone wont improve profit positions of ridesharing companies. 

2.    Create a paper in the form of an APA formatted article that addresses the following questions. Please use apply concepts and theories learned from the textbook to support your ideas, including at least 1 intext citation.
o    What sort of industry are ridesharing companies operate in terms of competition structure in the marketplace?  Cant we see some other companies, in the future, enter this market?  Explain why or why not. 
o    The price competition between UBER and Lyft, both publicly trading companies now) lowers the prices to the benefit of consumers (riders) at the expense and losses. 
    Can they not be profitable if there is pretty much only two firms servicing the market? Explain. 
    In addition, explain what some of the direct and indirect costs and risks might be (ethical and legal perspective might be useful) that these companies face.
o    The article concludes by suggesting that these companies should look elsewhere for improving their profitability.  What does that mean?  Provide some examples.

https://www.marketwatch.com/story/basic-economics-means-uber-and-lyft-cant-rely-on-driverless-cars-to-become-profitable-2019-08-12

    Farnham, P. G. (2014). Economics for managers (3rd ed.). Upper Saddle River, NJ: Pearson Education, Inc.
o    Chapter 9
o    Chapter 10