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Prepare and submit a one or two page abstract of your topic as well as a short outline of your paper's proposed organization. The abstract and outline should be submitted in WORD format. Thank you
When writing your abstract/outline, be sure to explain how your paper will tie the subject matter back to the material we have studied. The purpose of the paper is to demonstrate you have read and mastered our material, and the abstract/outline should show how that will occur.
TOPIC: Choose an event, situation, issue, or problem from business or society today and analyze the microeconomics aspects of the topic chosen using sound Managerial Economic theory. Provide a description of what you are writing about, but your paper is not the description, but the research and analysis. Some examples of topics to get your ideas flowing are listed below. You should pick your own topic, but the list may perhaps start you thinking towards a meaningful topic to you.
TOPICS - EXAMPLES (* submitted by past managerial economics students):
If a firm adopts a production process that is costly in order to reduce pollution, the results
A health insurance company knows that there are two types of customers (smokers and non-smokers), each facing different health risks. Explain the problem of “adverse selection” and the problem of “moral hazard.” Give one example of a market in which ..
Forward premiums and discounts imply that there is risk in foreign exchange transactions. Explain the three types of FX risk? How can foreign exchange rate risk be fully covered or hedged?
A. Describe the economic meaning and statistical significance of each individual independent variable included in the San Francisco demand equation
An increase in the supply of a product can be shown graphically as a rightward shift of the supply curve. The graph will clearly show that we would expect the equilibrium price to fall and the equilibrium quantity to increase. Use a general solution ..
Explain what the lock-in effect is for capital gains that are taxed on realization. How can the effect lead to inefficient allocation of capital? b. Explain what a Roth I.R.A. is and show how its availability affects a competitive consumer's budget s..
Analyze the content from Ma & Adams on China, in terms of the microeconomic concepts that you are studying from the Parkin textbook. Try to identify specific key principles and theories which bear upon the allocation of resources and distribution of ..
What is the equilibrium quantity and equilibrium price for the following demand and supply curves:
You have been asked to estimate the per item selling price of a new line of clothing. Use the estimated time complete item number 50 as your standard time for the purpose estimating the selling price per item( rounded to the nearest cent).
Suppose that you leave a job that pays $40,000/year and use $10,000 of your savings that had been earning $500/year in interest in order to start your own business. In your business, you sell 450 units at $60/unit while paying $12,000 for capital cos..
How does this relate to idea that diminishing marginal utility must be understood in context? Many people buy too much on their credit cards, even though they knows they will be sorry when y get their bill. Relate this fact to idea of time inconsi..
What does the economy look like when the economy is in an unemployment gap? What type of unemployment rate is it compared to the Natural Rate of unemployment? What about inflation?
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