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Choose the 10-year period of history between 1950 and today that you are going to research.
What is it about this period of history that interests you?
What are some major economic events that took place during this period?
Choose two real-world companies in different industries, one that you feel faces elastic demand and one that you feel faces inelastic demand. In each case, you are an economist working in the company and you have come to a conclusion of what kind of ..
A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/20,000, making the marginal revenue MR=1.70-Q/10,000. The marginal cost is constant at equal to 0.80. The fixed cost is 2,000. So, the total cost is..
What factors led to the mortgage default crisis? How did mortgage defaults affect banks involved in mortgage lending and mortgage investing? Securitization? TARP? What do these mean? What are some of the major provisions of the Wall Street Reform and..
Which of the following events will tend to increase net exports of the United States?
Assume that the marketplace for engagement rings is in equilibrium.
What is the natural rate of unemployment? If the economy were at a steady-state unemployment rate with a separation rate of 0.025 per month and a job-finding rate of 0.4 per month, and the labor force consists of 100 million workers, on average how m..
Assume a new bank has just opened for business. It has deposits of $1,000,000 and a required reserve ratio of 15 percent. How much can this bank lend and why?
Show how you can derive the Aggregate demand curve when the Price level in an economy increases. By drawing separate graphs indicate how a change in the price level impacts, money market, investment demand, goods market and then draw the aggregate de..
In yet another competitive industry, the market-determined price is $10. For a firm currently producing 250 units of output, short-run marginal cost is $7, average total cost is $39, and the average variable cost is $9. This firm incurs total quasi-f..
Compare and contrast China and U.S economic performance during the past five years. Please make use of time series data on employment, inflation,GDP, and trade balances. Tables and graphs are strongly encouraged.
The loss to society resulting from a tax includes the
Recessions can be caused either due to leftward shift in the aggregate demand (AD) curve or leftward shift in the short run aggregate supply (SRAS) curve. Compare changes in the price level for are cession resulting from a shift in the AD to that of..
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