Write essay on economics making sense beyond common sense

Assignment Help Microeconomics
Reference no: EM13853544

Assignment 1

Economics: Making Sense beyond Common Sense

Word Limit: 700 to 800-words.

Instructions

This assignment, asks you to prepare a short-essay response (approximately 700-800 words or two to three, typed/word-processed pages) to one of the three questions presented below. Do not answer all three.

You must use an appropriate citation style (such as APA Style) when quoting or making references to these sources in your responses.

Short-Essay Questions

1.1 Unit 1 distinguishes between the concepts of "common sense," "social science," "ideology," and "knowledge." What impact does "common sense" have on the way ordinary people think about economics? Does "common sense" also have an impact on the way professional economists think and write about economics? Substantiate your answer using the concepts of "ideology" and "knowledge."

1.2 What is the subject matter of economics? What role does the "division of labour" play in defining this subject matter?

1.3 Unit 1 distinguishes between "mainstream" and "critical" perspectives on economic issues. What are the fundamental differences between the "Mainstream" and the "Critical" perspective?

Reference no: EM13853544

Questions Cloud

Research the digital millennium copyright act : Research the Digital Millennium Copyright Act. How does this government enacted legislation affect computer security?
What is the earth''s gravitational attraction : what is the earth's gravitational attraction
Spreads for the various bond ratings : Begin by finding the current U.S. Treasury yield curve. I will give you the Treasury data; so you do not need to find it. Find the current yield spreads for the various bond ratings.
Abuses of empirical evidence in the death penalty : Uses and abuses of empirical evidence in the death penalty debate (No. w11982). National Bureau of Economic Research.
Write essay on economics making sense beyond common sense : Write an essay about Economics: Making Sense beyond Common Sense. What is the subject matter of economics? What role does the "division of labour" play in defining this subject matter?
What is the current ratio : 1. SDJ, Inc., has net working capital of $1,490, current liabilities of $4,660, and inventory of $1,845. What is the current ratio?
Prepare a weighted decision matrix : Prepare a weighted decision matrix using the template named wtd_decision_matrix.xls. Ben will use this matrix to evaluate applicants for project manager for this important project
Review the guidelines for the social security benefits : Identify at least two inclusions or exclusions for self-employed taxpayers to reduce their tax liability, and propose at least two tax-planning strategies for taxpayers to reduce their tax liability.
Determine the temperature distributions in the wall : Determine the temperature distribution within the fin and indicate the maximum and minimum temperatures and their locations - determine the temperature distributions in the wall, the floor, and the soil and indicate the maximum and minimum temper..

Reviews

Write a Review

Microeconomics Questions & Answers

  Will this effect the calculation of nominal gdp

The assumption that half of all the oranges are used to produce orange juice and one-third of all the paper is used to produce magazines. Will this effect the calculation of nominal gdp?

  Suppose that demand for bagels in the local store is given

Suppose that demand for bagels in the local store is given by equation Q^d 300-100P. In this equation, P denotes the price of one bagel in dollars

  What is his initial actual markup

George has been selling 5,000 T-shirts per month for $8.50. When he increased the price to $9.50 he sold only 4,000 T-shirts. What is the demand elasticity? If his marginal cost is $4 per shirt, what is his desired markup and what is his initial ..

  Assume there are two firms a and b in market and market

suppose there are two firms a and b in the market and the market demeaned is p50-q where p is the price per unit and q

  Changes would expect in standard deviation for a portfolio

changes would you expect in the standard deviation for a portfolio

  Recognize the product that you have consumed in past couple

please answe both questions no more than 250 words these are short answer questions do not need 2-3 page answers.1.

  Are breton woods institutions

Are Breton Woods institutions

  A do you think that nearshoring or outsourcing will

a. do you think that nearshoring or outsourcing will continue for u.s. companies?b. identify a legal job that you

  Microeconomic analysis

Each individual determinant analyzed for your situation, with examples applicable to your situation (5 points each) and research (3 points each) showing current Demand data or most recent past data, except for the Expectations Determinant in wh..

  Quarterly bond interest payment that scooter received

Scooter wishes to sell a bond that has a face value of $996. The bond bears an interest rate of 9.52% with bond interest payable quarterly. Three years ago, $1,110 was paid for the bond. At least a 11.29% return (yield) on the investment is desired.

  Recognize and read at least three journal articles focused

globalization was welcomed around the world at the beginning of the 1990s. different trade theories were used to

  Explain how a monopolist might set prices

In theory, we know that a monopolist basis its price directly off of the demand curve, but in practice a monopolist cannot 'see' the demand curve. Explain how a monopolist might set prices, even without having explicit knowledge of the shape of th..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd