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Explain the concepts of consumer and producer surpluses. How will one use these to determine which group benefits more at a price level above and below equilibrium?
To what extent can monetary policy be used to affect output in a fixed exchange rate regime? Explain.
Describe the role of the financial institutions and financial markets in our economy. Differentiate between primary and secondary markets. Differentiate between money and capital markets.
Find macro data on the British economys performance since 1998 (inflation, unemployment, real GDP growth) and compare these with euro zone data.
How would I be able to graph the Ad-AS LRAS?
Production possibilities have been used by several economist to develop their theories. What is its definition?
One could view the United States as a currency union of 50 states. Compare and contrast the Eurozone and the United States in terms of the optimum currency.
Explain the difference between a short run Phillips curve and a long run Phillips curve with an example
Explain the effects of animposition of a tax in the market for cigarettes, identifying the changes in consumer surplus, producer surplus and tax revenue.
"Gains from Trade" is the term that economists give to international trade. However, there are many economists that believe that the United States has been put in a 'lose' situation when it comes to international trade.
Three of the biggest competitors are banking together and yet the Government is still trying to slow us down.' Should the AOL-Netscape merger alter attitudes towards the recent business practices of Microsoft?
Suppose that the interest rate on dollar accounts is equal to 2% (i$ = 0.02), the interest rate on Polish zloty accounts is equal to 4.5% (izl = 0.045)
Consider the case of a Foreign monopoly with no Home production, shown in Figure. Starting from free trade at point A, consider a $10 tariff applied.
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