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1. You will select two related economic variables of macroeconomics ( Consumption Investments and Inventory, Natural Resources, Technological Innovation, Capital Resources, Labor resources, Aggregate demand / supply, savings vs. consumption, Keynesian vs. classical approaches).
2. Find appropriate data on both variables;
3. Present that data in a clear graphic or tabular form (or both if appropriate);
4. Explain what the data shows - discuss/explain the data;
5. Explain what the data means - give meaning to what the data shows; and.
6. And explain why it matters - what is the economic importance or usefulness of what you found in your data analysis and discussion.
Peach Power, the state-owned electric company in the Federation of Peach, failed to fulfill the equipment contract it has with X Corp, a Brazilian company. The London Court of Arbitration has granted an arbitral award to X Corp that requires Peach Po..
Theodore Levitt has argued that the world is flat and that due to the advent of modern communications and transportation technologies, consumer tastes and preferences are becoming global. However, this position is considered extreme by many business ..
Delineate which market participants you believe benefited from the final court decision and whose interests were harmed.
In the 1970s the Ford Motor Company sold its sub- compact Pinto model with known design defects. In particular, the gas tank’s design and location led to rupture, leaks, and explosion in low-speed rear- impact collisions. Fifty-nine people burned to ..
Suppose that a business owns the land on which it factory sits and thus pays no one rent. The rental market value of the land is $200,000 per year. It pays $800,000 per year for labor and inputs and also pays $200,000 per year for insurance. If the f..
Identify an economic issue that both parties address and compare and contrast their views on that issue. Generally speaking, how much of the disagreement is based on normative economics compared to positive economics?
An ongoing approach debate concerns whether to legalize utilize of drugs such as marijuana also cocaine.
Suppose that you were an industry analyst trying to determine if the leading firms in the automobile manufacturing industry are playing a tit-for-tat pricing game. What real world data would you want to examine? What would you consider to be evidence..
Explain how the United States calculates unemployment and why many economist do not find this as a real economic indicator. How is unemployment calculated in other countries? Give two examples. What are your thoughts and ideas on this?
Firm A and Firm B are competitors in the same industry. The two firms have similar operating costs, except Firm A has more fixed operating costs than Firm B. As a result, which firm would experience a greater change in operating income as the result ..
A monopolist faces the demand curve Q = 60-P/2. The cost function is C=Q2. Find the output that maximises this monopolist’s profits. What are the prices at profits and that output? Find the elasticity of demand at the profit maximising output.
What is the payoff table? If the firms act independently what advertising level should each choose? Could the firms profit by entering into an industry wide agreement concerning the extent of advertising?
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