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Comparative advantage, specialization, and trade
Pat Protectionist thinks the U.S. imports too many goods from low-wage countries like China. Pat will often point out products that have "made in China" labels on them and laments the fact that "most things sold in Wal*Mart are imported." Pat is a mechanical engineer and a manufacturers representative. Pat sells a variety of products to manufacturing companies like Eastman Kodak, Bombardier, etc. Pat performs relatively high-skilled high-paid work and also enjoys frequent vacations to Europe.
Do you see any conflicts between Pat's statements and work? Do you see any conflicts between Pat's statements and trips to Europe?
Compute the steady state levels of population. How might we transition between these two steady states and growth during the Malthusian regime?
Illustrate the difference among the law of diminishing marginal returns and the law of diminishing marginal rate of technical substitution.
The macroeconomic environment discussing the effectiveness of the monetary stragies in the US.
Calculate the expected level of demand in a typical market. Indicate the range within which actual demand is expected to fall with 95% confidence.
Suppose the effects of a change in the money supply in an open economy under a flexible exchange rate system. How are your conclusion affected by the adoption of a fixed exchange rate.
The presentation should introduce and analyze an interesting environmental regulation proposal, a firm's unique environmental strategy
You manage a US based company that makes shoe laces that you sell in a highly competitive marke
Illustrate what should it do in the short run. Restricting the issuance of Federal Reserve Notes because paper money is the largest portion of the money supply.
Elucidate what are some economic conditions that affect the cost of money
Assume that the price elasticity of demand for good. Describe how much consumption changes.
Illustrate what conclusions can you draw about this period by comparing this cycle to the previous business cycles. You may want to check the links to the two most recent Announcement Dates for further information.
Make a brief memo advocating that the project should be chosen and also explain why.
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