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Economic essay
I want you to keep up with current events by reading The Wall Street Journal or The New York Times (you have free access to these resources). When you find an article that deals in some way with a topic being covered in class, I want you to write one paragraph summarizing your article and another paragraph explaining how this article applies to a topic covered in class. This assignment should be one page in length minimum, Times New Roman, 12 point font, one inch margins, double spaced, with your name and the title of the article only on the top left corner of the page.
These some topics that we had in class. You need to choose one of them in the second paragraph to explain how the article applies to a topic
#Supply and Demand
o What are they, how do you interpret them
o What happens when price or something other than price changes which affects either of these o Shortage and Surplus
o Economic Surplus
o Price Controls
o Taxation
o Algebraic interpretation of Supply and Demand.
What information do you need to find out whether a Cobb-Douglas utility function describe substitute, complement, or neither goods? How do you determine which is which?
W(sub)a= 1/a1(Y1)+1/a2(Y2)+1/a3(Y3)+1/a4(Y4) where a(i) are the constants. a) What restriction on the ai is needed for Wa to be an unbiased estimator of mu? b) Find the variance of Wa.
How will these actions affect the macroeconomic variables in the short run: Price, output, and unemployment? What are the possible effects on the same variables in the long run?
a multinational company globalcorp produces personal care products oriented toward middle class consumers and it is
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Calculate the chi-square statistic and degrees of freedom for the following set of data for 300 people
suppose that in the clothing market production costs have fallen but the equilibrium price and quantity purchased have
In a small economy, gross investment in 2009 is $1,500, consumption spending is $6,000, net investment is $200, government spending is $1,500, exports are $2,000 and imports are $1,000. What is GDP for this economy in 2009?
Discussion of these issues on the theories and principles in the reading you have done throughout this seminar. This is not a research project. The purpose of the assignment is to demonstrate your knowledge of and ability to apply the principles and ..
Discuss the optimal method for procuring a modest number of standardized inputs that are sold by many firms in the marketplace. What are the primary advantages and disadvantages of using this method to acquire inputs.
What is the median of the data?
1. Why do we call economics a scientific discipline? Explain. 2. Why are "scarcity" and "choice" central to economics?
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