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US Economy and Ten Principles of Economics
Find out one story about the economy that has been in the news lately. For the story, identify one (or more) of the Ten Principles of Economics, and explain how it is relevant.
To what extent were monetary factors responsible for the recession of 1981 and 1982? Provide a full analysis and be specific. Please site references where appropriate.
The FCC has hired you as a consultant to design an auction to sell wireless spectrum rights. The FCC indicates that its goal of using auctions to sell these spectrum rights is to generate revenue.
Shelly's preferences for consumption and leisure can be expressed as. This utility function implies that shelly's marginal utility of leisure is C-200 and her marginal utility of consumption is L-80.
Discuss the feasibility of lower middle or low income countries resorting to fiscal stimulus to stave off recessions in their own economies. You can use one or more countries as examples.
Explain how do you balance human suffering with the economic realities.
For each of the following pairs of goods, would you expect the cross-elasticity of demand to be positive or negative? Large (in absolute value) or small? Defend your answers:
On the other hand, you might also analyze in detail the effects of higher unemployment among a business cycle downturn.
Assume as a professional economist debate about the wisdom of pursuing discretionary fiscal policy.
What would you give an example of a microeconomic decision you've made at work or home? What factors contributed to making that decision.
Elucidate what are some economic conditions that affect the cost of money
Throughout this course we have discussed the 'agency problem' - i.e., when the interests of owners and managers are not properly aligned.
Illustrate what interest it should be used in project analysis calculations.
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