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Question 1: Growth Facts
1. Growth facts, comparative changes in world economic development and growth. Convergence vs. divergence 2. Determinants of growth and income per capita differences across countries 3. Returns to scale and returns to factors of production, explanation and proofs. 4. Measurement(s) of economic development. 5. Objectives of economic development. 6. Problems with GDP/capita as a measure of welfare. What is HDI? What are the pros/cons of using GDP vs. HDI? 7. Common characteristics of developing vs. developed countries.
Question 2: Challenges to Growth: Environment and Sustainability 1. Is GDP a true measure of welfare? What are some alternatives? 2. Who benefitted the most from fossil fuels? How? Are they homogenously distributed across the world? Which groups of consumers are more responsible for fossil fuel consumption? How are they distributed across countries? 3. Which groups of countries have contributed the most to cumulative CO2 emissions in the last 250 years? 4. What is ecological footprint? What accounts for the most impact on ecological footprint since mid 20th century? 5. What is weak vs. strong sustainability? Can you give examples? 6. What are the four major environmental issues affecting growth and global economy? Explain each briefly. 7. What is the connection between neoliberalism and climate crisis? How are the two related? 8. What is the scientific consensus on climate change and role of human activity in it? What is causing climate change?
Suppose a soft drink firm is grappling with the decision about whether or not to introduced to market a new carbonated beverage with 25% real fruit juice. How might it use the six decision steps to guide its course of action?
Mr. Smith and Mr. Taylor are traveling on the Queen Mary ocean-liner from Southampton to New York City. What is Mr Smith expected wealth
Explain the relationship between real GDP and potential GDP and between the unemployment rate and the natural unemployment rate as the economy moves through business cycle.
suppose that the equation for autonomous planned spending ap is ap6200-200r and the value of the multiplierk is 2.5.a
What type of influence does public policy and private sector initiatives have on increasing the standard of living in the USA?
Discuss how government policies can influence economic growth. Analyze how monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables.
If the velocity of money remains constant, what is the change in real money balances?
Which of the management challenges globalization; leading a diverse workforce; and ethic, character, and personal integrity-have had an important impact on the evolution of Zappos? Explain your answer.
The U.S. Congress has done a good job at not spooking the markets. If the markets believed that the Fed would be raising the interest rates, the economy could slip into another recession.
the firms such as monopolies or those under imperfect competition sell different or "differentiated" products. They have to select the price which suits them best, presumably ones which maximize profits.
Compute and contrast at least two two-year forcasts from separate sources for two economic indicator.
Discuss what types of tariff(s) are applied to this product and what effects these tariff(s) have on the relevant U.S. industry and, if you use a product your company produces, on your employer.
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