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Economic Case Study
Write an original case study on local economic development or the impact of globalization on U.S. economy and discuss the role government played in the case. You may identify such a case as reported in newspapers, such as The Washington Post, Los Angeles Times, The Press-Enterprise, and , or from other media of your choice (e.g., CNN, YouTube, BBC, etc.). YOU MUST PROVIDE LINKS FOR THE ARTICLES YOU USE..
Your case should be approximately 500~1000 word long. Insert pictures or videos to enhance your presentation as this is part of the grading rubric. In you case, you must provide a brief description of the following: describe the case, identify the role government played, and analyze the economic impact to the community.
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?
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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:
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"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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