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Archive for the ‘Economics’ Category

Job Data

Based on what you learned from the report/charts:
(1) (100 words) how does/might this effect your career plans?
(2) (100 words) What questions/challenges/opportunities come to your mind?
(3) (100 words) Pay close attention to the demographic/population trends, how might that impact your future?

Link:
https://www.bls.gov/news.release/pdf/ecopro.pdf

Link to the BLS OOH database:
https://www.bls.gov/ooh/

Economics

Try as we may, whether economies have markets that are laissez faire, loosely or tightly regulated, or
whether the government is the major decision maker, markets do fail. That is, they fail to register the
appropriate/proper/efficient prices and quantities in the marketplace. Costs and/or benefits may, in
some markets, spill over onto people outside of the market transactions thus, the externality. Some
are positive (my neighbor who lives to the left of me, has a flower garden that improves my quality of
life and hes done all the work) and some are negative (my neighbor to the right of me lowers the
quality of my life with the two broken down cars he keeps on his front lawn). Noting what has been
mentioned above, take a positive externality or a negative externality and explore it in detail. Examine
the role of social costs and benefits, private costs and benefits, what role, if any, can the government or
even the private sector play in correcting the exter

Any topic (writer’s choice)

Chapters 3 & 4
book:
Economics for Managers, 3rd Edition
ISBN: 9780133561128
By: Paul G. Farnham

This week we will be discussing demand elasticity and the impact of consumer behavior on demand.

1)Part 1
Demand elasticity is actually a quantitative measurement designed to show percentage changes in quantity demands by consumers.  Elasticity is measured in terms of product prices, consumer income, prices of other goods and services, and several other variables. Elasticity, then, is a measure of the responsiveness to the changes in these variables.

Select a product that is marketed in the U.S. that has shown significant movements in consumer demand elasticity. Identify the reasons for the movements and explain how the elasticity has affected managements ability to control pricing.
Economists and management use data from market research and consumers to analyze the economic factors that influence demand for different products. In an effort

Recessions

The assignment requires us to extract info from fred data base on the 4 US recessions from 1990 to 2020. I already got the numbers and pasted them in the excel file attached. Also , I already did the recession graphs with the numbers from the fred database (Recessions are highlighted in gray in graphs). However , the draft attached is a previous order where the writer used numbers from other sources which is unacceptable. I am attaching the file for you to follow the structure only.
Ex.
History:
Consumption:
Federal Debt:
etc...

Summarize the graphs into a report and insert ALL the graphs if possible. Please design the word document and submit it as a professional and neat looking report .

Article Review

a) Read the NY Times article (attached or this link: http://www.nytimes.com/2012/01/01/business/from-6-economists-6-ways-to-face-2012-economic-view.html

 (Links to an external site.)).
b) Write a report (clearly typed in a MS-Word file using MS-Word). Your report should be broken into two sections:

    Section 1: Summary of the article (first paragraph): Tell me what the article is about and what major points the author is making, and his/her conclusions in a paragraph (5-6 sentences long at the most). Do not copy/paste excerpts from the article. Summary should be in your own words and should be based on your understanding of the issue covered in the article.


Section 2: Your thoughts on the article (at the most two paragraphs long): Critically evaluate author's findings. For example, tell me why you agree or disagree with the author or his/her points, by supporting your own points by giving examples, or by providing convinc

Discussion

The US economy is still recovering from the recent "great recession". People have been debating about this recovery: "Are we out yet?; how long will it take?; we could have been but the recent government policies have prevented it; no without the help of the government, it could have been worse, and so on...." 

Also see these:

http://www.usatoday.com/story/money/personalfinance/2014/01/01/cnbc-recovery-slowed-economy/4222929/

 (Links to an external site.)
http://www.theglobeandmail.com/report-on-business/the-7-year-slump-why-the-global-economy-cant-seem-to-get-started/article22611665/
 (Links to an external site.)

Your friend is asking: "You are taking economics course, right; could you tell me if we are out of the recession, where we are, and what needs to be done?, who will do what?, are we doomed?"
In any event, do you think you could share your ideas, thoughts, concerns (think like an economist)?

Germany’s Financial System

1. Some background on the country: where it is located, GDP, most important economic sectors

2. The structure of the financial system: most important institutions, most important markets

3. If you find, provide some data for markets (size of the stock market, what market is the most important one when firms need funds, etc)

Don't forget to add all the sources used for the research.

Germany’s Financial System

1. Some background on the country: where it is located, GDP, most important economic sectors

2. The structure of the financial system: most important institutions, most important markets

3. If you find, provide some data for markets (size of the stock market, what market is the most important one when firms need funds, etc)

Don't forget to add all the sources used for the research.

Economics

Toward the end of chapter 7 we discuss economies and diseconomies of scale. They both help form the long run ATC curve and have nothing to do with productivity at all, although, the short run ATC curve did. Thinking about this topic discuss examples of economies and diseconomies of scale in your personal life. The goal here is to apply this economic concept to a non-business setting.  I will start you off with one (which you may NOT use) when I was an undergraduate I was living on off-campus and obviously had to take courses to graduate. When setting up my schedule I considered the courses I needed to graduate and as well as the times they were offered. While I enjoyed going to class, I wanted to minimize my trips to campus so I could capture economies of scale in terms of my time, gas expenses, etc. Of course, I did not lump all my classes back to back on the same days as that would have created a diseconomy.

Government Intervention Analysis

Analyze 1 of the following government intervention programs:

Countercyclical fiscal policies (countering economic disruptions such as the housing bubble and the Great Recession)
US agriculture support programs
Assistance for Low Income Families (choose 1)
Housing vouchers
Earned Income Tax Credit (including Child Tax Credit)
Supplemental Nutrition Assistance Program (SNAP)
Low income healthcare (choose 1)
Medicaid (including Children's Health Insurance Program).
Affordable Care Act expansion
Social insurance programs (choose 1)
Old Age, Survivors, and Disability Insurance (OASDI)
Medicare
Unemployment insurance


Write a 700- to 1,050-word summary of your analysis. Identify the intervention and the market failure leading up to the intervention. Complete the following in your paper:

Analyze the arguments for government intervention as opposed to arguments for market-based solutions.Hint:See the information about market failures.