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ECONOMICS ASSESSMENT
Workshop Question1 -
What are the arguments for and against using GDP as a macroeconomic indicator (measure) of economic well being?
Workshop Question2 -
Select a country that has experienced a recession in the past and explain what caused the recession and briefly describe its impact on that economy.
Your source for the information required should be the central bank of the country you select.
Please cite the source at the bottom of the page under references. Avoid direct quotation from the source and in-text citations are not required.
Workshop Question3 -
Free trade is beneficial to developing nations.
Critically analyse the above statement with reference to one specific developing nation.
Please answer each question in your own words. The three questions above are from topics1-4 that may be explaining theory or applications of theory or critical reflections on theory. In each case, students will be required to develop a thesis statement and write 350 words for each question to defend their thesis. In total what you submit must not exceed 1050 words.
Your answer, application or critical reflection should include a thesis statement that answers or responds to the topic by giving your position, or stating your argument, clearly and concisely. The thesis statement tells the reader what to expect from the rest of your written work and should relate to the theory discussed in the lectures. The thesis statement should be followed by a coherent and logically argued defense of the statement. Ensure that your writing is as clear, concise and precise as possible. Ensure that you proofread your writing and that it is free from spelling and grammatical errors. You will lose marks for poor spelling and grammar and for blogs that have not been adequately proof read and edited. 350 words for each of three topics.
Given an increase in spending of $1,000, and a Marginal Propensity to Consume of 80%, what would be the total increase in the GDP what would the Multiplier be?
ECO 4703. Examine causes and consequences of international trade. We will use both the core and new models of international trade as a tool to understand why and how countries trade, what they trade, and who gains from trade.
I understand the three types of unemployment are: frictional unemployment, seasonal unemployment, and structural unemployment.
1. a is a group of potential customers with similar needs who are willing to exchange something of value with sellers
An economy is in long-run macroeconomic equilibrium with an unemployment rate of 5% when the government passes a law requiring the central bank to use monetary policy to lower the unemployment rate to 3% and keep it there.
Why is the Gross Domestic Product important to policy makers and the ordinary civilian?
a. Draw a timeline of the game. What is the ex-ante period and the ex-post period in this model? b. What is the first-best level of investment? Explain.
A New York Times column in the fall of 2009 reported that the value of the dollar was falling, in part, because “investors who had sought shelter in the American currency’s perceived stability
Draw an "aggregate supply-aggregate demand" diagram that shows an economy suffering from high levels of unemployment. Show the effects of the following events on the Aggregate Demand curve.
As an economy increase and productivity grow, real wages tend to rise - people get richer on aggregate. Real wage growth implies that people are able to buy more of the services that are in basket of goods.
What are the implications of a U.S. policy to "buy American" wherever possible in government contracting How could such a policy create challenges for trading partner relationships What would you propose if you were in Congress
What are the strengths and weaknesses of the major mobile platforms (Android, iOS, Microsoft)? In your discussion forum post, start by comparing and contrasting these platforms (for example, one may have a more stable OS, while one may provide a b..
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