Reference no: EM131365661
Assignment: Ten Principles of Economics and the Data of Macroeconomics
Purpose of Assignment
The purpose of this is assignment is for students to review the basic principles of economics and the concepts of the circular flow model, showing the connectivity of society's economic players and the flow of goods and money within an economy. Students will learn how society allocates its scarce resources and how economists are both scientists and policymakers. Students will define GDP and CPI and how they are calculated.
Assignment Steps
Resources: National Bureau of Economic Research; Principles of Macroeconomics: Ch. 1, 2, 3, 4, 5, 6, and 7- https://www.nber.org/links/gov.html
Scenario: Your organization's CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing a report to introduce some of these thoughts and principles.
Develop a 1,200-word report to the members of the strategic planning committee explaining the following information:
• How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources.
• Using the circular flow model, explain the flow of money and goods in an economy.
• How the economy coordinates society's independent economic actors.
• A country's gross domestic product (GDP) and how it is defined and calculated.
• How the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living.
Format the assignment consistent with APA guidelines in WORD.
|
Draw a context diagram and a diagram 0 dfd
: On the Internet, locate at least three firms that offer CASE tools as shareware or free, public domain software. Describe what you found.
|
|
Relationship between chosen works and culture of origin
: What is the relationship between each of your chosen works and culture of origin?- How did cultural traditions and ideologies influence/shape the two works you have selected? Use examples to support your response.
|
|
Wavelength associated with transition
: Consider the transition from the energy levels n = 3 to n = 6. What is the wavelength associated with this transition, in nm?
|
|
Description as the chief method of development
: Write a 500-750 word essay using description as the chief method of development. I have to make sure it's a descriptive essay, not a narrative. The Topic can be on a TV, film, or music celebrity.
|
|
Explain how the consumer price index is constructed
: How the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living. A country's gross domestic product (GDP) and how it is defined and calculated.
|
|
What is the percent yield
: An excess of O2reacted with4.95g of Fe. What is the percent yield if6.43g of Fe2O3are isolated?
|
|
Simplest formula of a compound
: What is the simplest formula of a compound if a sample of the compound contains 0.298mol X, 1.192mol Y, and 2.682mol Z?
|
|
Take notes by hand for better long-term comprehension
: Rather than sharing just your personal, anecdotal, experience or opinion (which is fine, too), you should locate one source that provides evidence or support for a specific claim that you make
|
|
Create a decision table with three conditions
: Many IT professionals consider him to be among the most influential men and women in the software field. Learn more about Mr. Yourdon by visiting his Web site at www.yourdon.com, and write a brief review of his work.
|