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The essay assignment will assess your ability to analyse a real world problem based on microeconomic theory in an original way. You should not use equations, but diagrams may be useful in some cases. The marking criteria will be as follows:
Identification of an issue (15%). You will have to identify an economic phenomenon documented in some reliable source (examples: a news article, a report or website information from an international organisation, government agency or industry organisation, etc.). Possible sources of information are discussed in section 5.
Relevant information (15%). You will have to provide relevant data or evidence supporting the main discussion in your essay.
Application of discipline knowledge and critical thinking (55%). You will have to demonstrate ability to apply microeconomic concepts to the analysis of real world situations. Originality and own critical thinking will be highly rewarded.
Conclusions and/or recommendations (5%). Your analysis has to lead a concrete conclusion, policy recommendation or interesting open questions.
Professional writing skills and discipline conventions (10%). This criterion assesses your ability to convey information and express ideas in a clear, concise way. Grammar errors and misspellings will not affect your mark, but the general presentation of your ideas will. Hand-written scanned graphs are acceptable and will not lead to deduction of points.
what are the expressions for AC's total revenue ,marginal revenue, total cost and marginal cost as a function of output? what is AC's fixed cost and what is the variable cost?
suppose there are two firms with one demand function. this same common demand function is from hwq 1000 - 40p
Explain how either the Newhouse model or the Physician Workshop model could explain why hospitals might inefficiently over-invest in expensive, new technologies. What drives excessive technology investments in each model
According to chapter 16, which deals with fiscal policy, a tax reduction can be utilized as an expansionary fiscal policy tool to expand the economy. Do you believe in a tax reduction for large corporations?
Find the equation for planned aggregate expenditure as a function of output and the real interest rate and Calculate the level of short-run equilibrium output at each inflation rate.
In the last month, the price of gasoline increased by 20 percent. Your job is to determine what caused the increase in price: a change in demand or a change in supply. Ms. Info has all the numbers associated with the gasoline market.
A client has asked you to help them retain talented workers. They are facing high turnover in their engineering departments. They are unsure what is creating this problem but exit interviews with the engineers have indicated that there may be a ..
A firm is making production plans for upcoming quarter, but the manager doesn't know what the price of the product will be next month. She thinks there is a 30 percent chance price will be $500 and a 70 percent chance price will be $750.
Select one topic. This will be the subject you will research over the course of the quarter. You will submit an outline of your paper in Unit 4 and a draft in Unit 6.
Licensure of physicians means that to some extent, the supply of physicians can be viewed as a vertical line. Explain what this means for the price of physician services. How might this change over time?
At the same time, many Autarkians have quit their other jobs in order to raise sheep to produce wool. What change in government policy could explain - Which of the two taxes is likely to cause more deadweight loss?
Find and graph the contract curve and what is the ratio of the price of X to the pride Y in competitive equilibrium?
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