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1. Write an essay on the transformation of credit in the US economy. How did this happen (key events and new financial products?)? How has macroeconomics accounted for this transformation?
2. Explain the terms ‘procyclical Leverage’ and ‘procyclical liquidity.’ What are their implications for macroeconomics?
3. Explain the key monetary macroeconomic debates and their relative importance.
Assume that you are going to start a small business of your own. Describe the business and, utilizing the concepts of this unit and the earlier units, discuss: What costs you would incur; What competition you might experience;
What is the impact of the trade surplus or trade deficit upon the interest rates and currency exchange rates.
Identify and discuss the key differences between the presidential and parliamentary systems of government. Your answer should include a comparison of electoral processes which brings a party to power, how the executive and his/her cabinet are selecte..
Which of the following statements are true about inflation?
In the past year, the price of dry-cleaning solvent doubled. More than 4000 dry cleaners across the country disappeared as budget-conscious consumers cut back. This year the price of hangers used by dry cleaners is expected to double. Explain the eff..
Which of the following would NOT necessarily promote the peaceful resolution of disputes between states?
Two small open economies, Fixed and Flex, can be described by the Mundell-Fleming model. The countries are otherwise identical except that Fixed maintains a fixed exchange rate, while Flex maintains a flexible exchange-rate regime. The governments of..
What does it take to ensure that Starbucks' customers are satisfied? (Why) Is satisfaction an important metric for Starbucks to manage? Maximum of 50-75 words
Do you think the U.S. Post Office should be protected from competition What about a pharmaceutical company that has just spent millions to develop a life-saving drug
Define the concept of an externality. Why will unregulated market systems not allocate resources efficiently where externalities are present? Draw a diagram to illustrate the over allocation of resources to a market characterized by negative external..
Suppose that the parents of a young child decide to make annual deposits into a savings account, with the first deposit being made on the child's fifth birthday and the last deposit being made on the 15th birthday.? The annual deposits in years 5 thr..
Over the years, the health insurance market has become more competitive and as a result consumers “…have been offered a greater choice in benefits, cost-sharing arrangements, premiums to match their own experience, and types of insurance products”. D..
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