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Topics in Applied Macroeconomics
Question:
Write an essay of about 3,000 words using the approaches developed in the module to appraise the fiscal strategy of the Conservative-Liberal Democrat coalition government. You must reference your work carefully and include a bibliography. Your essay must show that you have referred to the Treasury website as well as at least one other website independent of government, such as the Institute for Fiscal Studies or the National Institute for Economic and Social Research, or the Economist or the FT, or something of a similar level of quality.
A hearing is scheduled for your company to present arguments that your firm has not increased its market power through the merger. Can you do this and how. What evidence might you bring to the hearing?
Describe the factors in Michael Porter's "Five Forces Model" that affect the ability of any comapny in an industry to earn a profit.
Later Henry ford invented the assembly line for manufacturing automobiles, other automobile firms copied his invention.
Determine the difference among National Income, Gross National Product, and Gross Domestic Product? Why do most countries now use GDP as a measure of national output?
Assume that the price elasticity of demand for good. Describe how much consumption changes.
Illustrate the infant industry argument for putting up barriers to imports. What are its merits and weaknesses.
Illustrate what effects would their combined actions have on GDP. Illustrate what effect would this have on your industry.
Based on the Federal Housing Finance Agency house price index, United States housing prices declined throughout 2008 and 2009.
Draw marginal revenue function for this firm. What is the profit-maximizing price for this firm? On the graph describe the area, this represents the net loss to society resulting from the monopoly power conferred by the patent.
The division of taxing also expenditure functions between various levels government.
Use the following data for a firm's output at various levels of employment to calculate: (a) its marginal physical product of labour (MPPL) schedule.
Explain how would the number of workers hired (variable input) change. This is a profit maximizing firm, also explain the profit maximization condition the firm uses.
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