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A. Health care. This, of course, is a huge economic issue now with the attempted startup of Obama care. In your analysis here do not focus on the software issues. Those are technical problems and, granted, the system failed two weeks before release with 200 people signed on so it is pretty apparent that only the ego of the President caused it to still be released two weeks later with the proposition that it could handle 50,000 people at once. Focus instead on the fundamental basics as it related to the simple principles you learned in microeconomics about resource allocation(take a quick look at chapter 2 for a simple review and numerous methods of saving life years and their costs for ideas). For example, millions of people who were satisfied with their insurance have received cancellation notices from their carriers because their policies didn't meet Obama care requirements like pediatric dental care or maternity care. How does this interfere with the workings of a market system. How does this relate to economic policy. What would the classics say about the program. In general, how have the principles you have learned in this course affected your views on this topic.
B. In spite of continued expansionary policy on the part of the Federal Reserve unemployment is still around 7% of the labor force. We are fully employed when that number is 4.5%. How have various factors like minimum wage laws and union negotiations affected this rate. How have unemployment compensation and other social network programs affected it. How has this affected our federal deficit and debt. Again, how have the principles you learned in this class affected your views in general.
C. In general, share how the things you have learned have changed your views on any current issues. Were there any areas in which you were enlightened from the things you learned. This topic is wide-open for you to discuss anything you like.
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..
Questions: : Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice.
Problem - Total Cost, Average Cost, Marginal Cost: - Complete the following table of costs for a firm. (Note: enter the figures in the MC column between outputs of 0 and 1, 1 and 2, 2 and 3, etc.)
Problem based on Oligopoly and demand curve, Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?
Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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