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Assignment:
Briefly state what the study plan is and write down the resources you will draw on. I will provide one reference as a starting point for each topic. You are encouraged to search for more resources, such as lecture notes , textbooks, and academic journal articles (news articles are in general not to be used).
US federal budget and fiscal policy Reference: Things you may want to explore: budget deficits, fiscal policy, implicit liabilities...
The topic is US federal budget and fiscal policy. The reference provided is the link at top. You should find more sources similar to this. Not much instruction is provided yet, this is just an outline for a report, which is going to be 6 to 7 pages long. The instruction of the report is "Final reports reflect students' inputs in their independent study. I expect this piece of work to resemble a literature review/summary of what you have read and studied on the topic you chose. Strike a balance between depth and breadth of coverage." The outline should be many big ideas about the topic and briefly talk about them and sources of those big ideas.
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?
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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:
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"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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