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Students are required to write an essay on a significant, recent economic event or activity.
Discuss an economic activity or event of interest and apply it to theoretical models and economic laws introduced during your study of topics.
The purpose of this essay is to encourage students to carefully consider lecture content and relate this to economic events, issues or activity. Students should access multiple reference sources to support their findings. This would include journal, text, news article and web based resources.
Students may want to refer to historic economic activity that caused the event. Students may also consider comparing and contrasting with other economies around the world.
This essay encourages students to research deeper therefore students are required to pay particular attention to a specific topic and research in depth rather than treat a broad range of topics generally. This will require students to focus on one particular area of economics and identify the specific elements.
The Wall Street Journal's experience after it increased its cost to 75 cents. Illustrate what implicit assumptions are the publishers also the analysis making about cost elasticity.
Why are the Average Cost Curves U-shaped. What is the Law of Diminishing Returns. Discuss a company's two short run options.
The price level in the economy in 2007 and 2008 rose from 100 to 105. In 2008 and 2009, the price level increase from 105 to 110.25. How does the short-run Phillips curve forecast the unemployment rate will change as a result?
Imagine you are a manager for the good or service used above. From the results of the regression equation, suggest strategies to either maintain demand.
Now suppose Starbucks introduces world to premium blends, and so demand rises substantially.
At a separating perfect Bayes-Nash equilibrium, what is the maximum amount of advertising that a restaurant conducts. What is the minimum amount.
calculate velocity of money when price level is 10, national quantity of output is $200 billion and money supply is $250 billion Answer must be in detail Explain how Explain how you got answer.
Sketch the extensive form of the game, carefully labelling the players that move and the actions they have available
Using the slope of the health expenditure function, predict the change in per capita health care expenditures that would result.
Compare the effects of these two policies in terms of their implications for the current account.
Suppose that all the necessary conditions exist for the realization of equal wage rates in every market of labor.
Price will increase; quantity cannot be determined. (Assume CD players are normal goods.) Which of following will happen to equilibrium price and equilibrium quantity for CD players
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