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Discussion Post: Role of Economics in Public
1) Discuss how economics plays a vital role in shaping public discussion in the following policy areas:
a) Household taxationb) Business taxationc) Import taxation (tariffs)
2) Provide several examples of how economics plays a role in policy or public discussion related to your career. Why is understanding economics important for you?
Construct a sequential equilibrium for this bargaining game for the case 7f = .2. (This is hard, but not impossible.) Construct a sequential equilibrium for this bargaining game for the case 7f = .8. (This is harder.)
The article must be representative of the economic issues represented by the topics or focus. The article review must include a brief summary of the facts in the article using economic terms.
A spring runs under a village. Everyone can sink a well on her or his land and take water from the spring.
Why, under an autarky, does Production have to equalConsumption If the consumption point is on the productionpossibility curve, why does this automatically mean that the production point will be the same as the consumption point
Can repeated presentation of stimuli lead to less learning? Are stimuli that lead to no significant outcome ignored? What is this process called and why is it important in the study of learning?
Why are the advantages of an economy using money rather than barter? What is barter and what are the shortcomings of barter?
Consider an increase in the demand for petroleum engineers in the United States. How would the supply of these engineers respond in the short run?
(a) Is this an example of an oligopolistic industry? (b) Provide a rationale for the payoffs to the two firms in each cell.
What sort of information do you need to assess whether the pricing strategy of this particular institution is socially optimal?
Determine the specific details about this fictitious company in order to conduct an environmental scan of this company.
Estimate the price Elasticity of demand for subway rides
What role does the cost of capital play in the firm's long-term investment decisions?
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