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Microeconomics is the study of economics at the individual or micro level. One of the most well known microeconomic models is the production possibilities frontier, which is the maximum combination of output that an economy can produce given resources and technology. For this SLP, we will focus on the production of a country other than the United States. Think of a country that interests you. You can choose a country that you have lived in, visited, or even thought of visiting. Remember it can't be the US. You can use the list of popular new sources in module 2 and find a current article about this country and answer the following questions:
1. What country did you choose? Why does this county interest you? What are some facts about this country (population, GDP, etc.)? (try to use other sources to find additional facts about this country.
2. What does the article discuss? Why is this issue important?
3. How do you think the current event will affect the global economy?
GDP only raise by three quarters of the expected amount. Illustrate what factors might be responsible for this situation.
The present spot exchange rate is $1.55/£ and the 3M forward rate is $1.50/£. On the basis of your analysis of the exchange rate.
How would each of the following affect the firm's marginal, average, and average variable cost curves?
Illustrate how you would use the rest of the information above to better assess the impact of the influx of immigrants.
Explain poor benefit from growth. Illustrate what kinds of policies are required to reduce the magnitude and extent of absolute poverty.
Find out an article which is related to health economics from health journal. Some possible sources include Health Affairs
Explain the science of economics in the presence of making a profit with scarce resources
Making dresses is a labour-intensive process. Indeed, the production function of a dress-making firm is well described by the equation Q = L - L 2 /800, where Q denotes the number of dresses per week and L is the number of labour-hours per week.
Disscuss the contrasting views of the Keynesians and the monetarists with regard to an appropriate.
Illustrate What would happen if prices were lowered when demand was inelastic
You're the manager of copies are us. The only copy store in town, the carbon copy, recently got bids on adding a colour copier.
Explain why is there free trade among states in the United States but not necessarily among countries.
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