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For the term paper, you are required to pick a current economic topic that relates to the material we have covered or will cover in this course. You will research and find an article that covers the topic you have chosen. You can use an article online or offline from any reputable source. You will write up a review of the article and integrate course concepts into your review. Please make sure you both summarize the article and discuss how it relates to the course.
1: Explain Monetarism. 2: What is the Taylor Rule and why is it important to this field of study?
For this exercise you will need to first build a graph to these specifications: Compute consumer, producer, and total surplus at the market equilibrium. Compute deadweight loss when the government imposes a price ceiling of $120.
Using the value of MPC = 0.8, and knowing the difference between the values of expenditure multiplier and the tax multiplier, it can be safely stated t hat the reduction of taxes by $40 0 billion (other things staying the same) , Estimate increased l..
Why does the assumption of independence of risks matter in the examples of insurance.
What is the economic meaning of the vertical gap between the investment curve and the depreciation curve in the Solow diagram?
Florida Citrus Mutual, an agricultural cooperative association for citrus growers in Florida, needs to predict what will happen to the price and output of Florida oranges under the conditions below. What are your predictions? The American Medical Ass..
Briefly discuss the origin and motivations of the Luddites of the early 19th century. Do you think the Luddites were successful in their endeavors? What could they have done to better influence the role this technology would have in their lives? Are ..
To what degree is the public debt a burden to future generations? Suppose income taxes and unemployment compensation were cut by an equal amount. How would aggregate demand be affected? As late as 1992, we were running budget deficits of nearly $300 ..
Suppose you were provided a gift of a gold mine that generates $1,000 of net income every year, indefinitely. And suppose equilibrium rate of interest is 5 percent. Illustrate what is present value of that gold mine.
If one country has per capita income of $15, 000 and its economic growth rate is 5 percent per year, what will its per capita income be in 10 years? About how many years will it take to catch up to a country where the per capita income is $30, 000 pe..
Examine the procedure Herb will use to estimate the demand model. Analyze the elasticity of demand for products within the selected industry. Determine the factors involved in making decisions about pricing these products that you believe to be the m..
Assume that there are no surprises, with all economic agents and the central bank having full information about shocks that are hitting the economy. Suppose that there is an increase in total factor productivity. What should the central bank do in re..
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