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Microeconomics Discussion
Think about what you would be doing if you weren't in class. The alternatives are infinite and computing the cost of them all is impossible. However, since you could only be doing one thing (not all of them) if you were not in class, determining the opportunity cost requires only knowing the one thing you would be doing. Calculate (in $$) your opportunity costs of sitting in class.
What is the federal funds rate and how does it impact the Fed and the economy overall?
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Describe the sources of supply and demand in the market for loanable funds and the market for foreign currency exchange.
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Compare the efficiency of monopolistic and perfectly competitive markets. Discuss the economic factors that lead to the development of monopolies. Examples of monopolies include electric utilities, railroads, airlines, cable television, and sports le..
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Construct a time-series plot that shows the insured catastrophic loss over time. What do you think causes the peaks in the graph?
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