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You will be asked to collect five (5) newspaper articles relating to subjects we are covering in the class. As we cover the various chapters you should be actively searching newspapers/magazines to find articles. The articles should be found in either a newspaper or magazine or from a news source. If you hear a potential example on the radio (in a news report), then go to the internet and secure a printable version of the news story. News articles should be recent (that is, published during the course of the semester).
The topics can be a single term (surplus, shortage, externalities, GDP, unemployment, etc.) or phrases and ideas given in the textbook (fiscal stimulus consumer confidence, monetary policy, price floors/ceilings, etc.) ORGANIZATION Cut out/print the articles and attach it to a black piece of paper. In front of each of the articles should be your Journal entry: write a brief essay, one-half page to a page or more. First, define the economic concept (one paragraph minimum) and explain why the article is an example of this concept and what is changing in the article (one paragraph minimum) and the graph. You should also relate your analysis to your graph. All your analysis should contain a graph of a model we used in class. Graphs must be neatly drawn, PROPERLY labeled, and legible. GRAPHS The graphs included in your analysis should be graphs of the dynamic economic models we have studied in class. Some possible graphs include:
. The production possibilities curve . Supply/demand model . Aggregate Demand and Aggregate Supply model . Money Supply and Demand
Changes in government spending and interest rates
The price per unit remains $7.50 in both scenarios. Does the labour analyst's argument hold? Explain why or why not, and use data to prove your point. (Hint: calculate total costs in both circumstances).
Why the price of computers dropped as their power and features has have increased?
Suppose that a perfectly equal distribution of income existed in Disneyland. Which of the reccent residents would have the same income he or she has in present distribution?
What elasticity of demand did the Village Administrator seem to assume here in his prediction for 1970- 1971? Compute the approximate elasticity of demand (round off, two decimal places is close enough).
Given the data of real disposable income and real consumption, draw consumption function, determine the slope-What is the marginal propensity to consume?
Use Excel program to estimate of the state's demand for KBC microbrews in Ohio. Print (past) the computer regression output and provide an economic interpretation of the regression results.
Field discusses the key threats to sustainable management of forests and agricultural resources. First summarize these threats. Then,
Calculate the expected level of demand in a typical market. Indicate the range within which actual demand is expected to fall with 95% confidence.
Discuss the relationship between each of the following variables based on the experience of U.S. economy over the past 30 years.
Which of the following strategies are used by businesses to capture consumer surplus? Nash equilibria are stable because
Illustrate each of the following events using a demand and supply diagram for bananas.
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