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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
For this assignment you will write a 500- to 700-word memo evaluating two conflicting consultant reports. Your report should.
Describe the effects of monetary policies on the economy's production and employment.
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Assuming no population growth or technological progress, find the steady state capital stock per worker, output per worker, consumption per worker and investment per worker given that the rate of saving is 20% and depreciation rate is 10%.
Taxi fares in New York recently were increased by nearly 50%. Predict the effect on the price of taxicab medallions, the earnings of taxicab drivers and congestion in New York streets.
Explain how advertising can be employed to allow Tots-R-Us to keep price average above cost without encouraging entry.
For a perfectly competitive firm the price is $2 per unit. At this price the firm is producing and selling 10,000 units. It costs $1.50 to produce the last unit. Should the firm produce more? Less? Why?
The annual demand for coffee by the U.S consumers is Q = 250 - 10P. Compute the lost consumer surplus?
The public tends to view trade deficits with alarm while macoreconomics claims that trade deficits can actually be usefull for the economy. Discuss the macroeconomists position on trade defilicts
Show such data graphically. Upon what specific assumptions is this production possibilities curve based? If the economy is at point C, what is the cost of one more automobile? Of one more forklift? Describe how the production possibi..
Make an example of a comparative advantage model by 'choosing two countries and two products.
Describe the present economic crisis situation in Europe. Why has it been so difficult for the Europeans to find a solution to this problem? Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..
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