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This assignment is a journal writing assignment. You are to read the four articles from week 8 to week 11. After reading the following four articles, you reflect on the questions asked on each of them and write reflection each week. You can have as many reflections and entries as you want starting week 8 till week 11. You can read one article at a time, reflect the question on this one and post the entry. You can do the same for next one. But your last reflection must be submitted by mid-night, the class day.
-Broken BRICs, by Ruchir Sharma
Q1.What is the "Simple historical reality" that is reflected on the current growth status of the BRIC nations?
Suppose that all young women were channeled into careers as secretaries, nurses, and teachers. At the same time, young men were encouraged to consider these three careers and many others as well. Using graphs, show the combined labor market for secre..
A competitive firm's short run total cost function is given by (a) Calculate the profit maximizing output and the resulting profit when price is $30.
When calculating the total social marginal benefit of providing an additional unit of a pure public good, why is correct to simply add up the marginal benefit to each household of that public good?
Who of the following people are considered unemployed according to official statistics? (Mark off ALL who are considered unemployed.) choose which?
In macroeconomics from williamson (4th edition) in chapter 11, it says that demand for credit is R=q (totally elastic), but in williamsons notation, R is in nominal terms and q in real terms. Isnt that mistaken? Shouldn’t it be r=q? (r=real interest ..
Suppose the current price of gasoline at the pump is $4 per gallon and that one million gallons are sold per month in Texas. A local politician proposes to add a 10-cent tax to the price of a gallon of gasoline, and she claims that the tax will gener..
a) What is Terms of Trade? How is it computed? Explain with an example. b) What is Comparative Advantage? Explain with an example of a two-country and two-commodity model.
What are some of the tools that countries use to restrict trade and why do countries impose them? Can you think of any real life examples? What is TPA? What's at stake with these aforementioned agreements? Do you think that trade restrictions will be..
Assume a city has so few employers that the market labor supply curve is nearly vertical.
Imagine the economy is slipping into a recession. What would a Keynesian advocate and why? Compare this approach to adjusting the discount rate to affect the money supply.
How does the legalization of marijuana influence local economies relative to sale and distribution potential?
Suppose Time Warner could sell Showtime for $9, and the History channel for $8, while making Showtime-History bundle available for $13.
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