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Choose one major economist and/or major economic theory found in history from the 17th Century through the 21st Century. Write an 800 - 900 word formal research paper articulating: 1. The economic views of the time 2. Issues concerning economic development and/or policies connected with your theorist or theory 3. How that particular economist or economic theory sought to address and/or resolve the issues. Alternately, you could critique a former period of economic development or economic thought with a contemporary set of criteria as part of your work. There is flexibility in determining the topic and thrust of your paper through dialogue with your instructor. Your project must contain documented evidence of research and proper citations using a minimum of five (5) scholarly resources. Your paper must be completed use in-text citations and reference list according to APA guidelines. You will be graded on proper essay development and presentation, grammar, punctuation, sentence construction, and spelling as well as the content of the particular aspects involved in your argument and presentation. The course contains periodic handouts articulating the various phases of the project.
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..
Questions: : Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice.
Problem - Total Cost, Average Cost, Marginal Cost: - Complete the following table of costs for a firm. (Note: enter the figures in the MC column between outputs of 0 and 1, 1 and 2, 2 and 3, etc.)
Problem based on Oligopoly and demand curve, Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?
Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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