Economics

Globalization has stimulated much controversy in recent years. Some studies have shown that globalization increases economic growth, narrows the income gap between rich and poor nations and reduces poverty. But some critics argue that globalization may encourage governments to participate in a “race to the bottom”, i.e., countries compete for international investment by offering low or no environmental regulations or labor standards. Evaluate the major arguments. (At least 4 typed pages, including your sources).

Instructions Auctions can be an important tool for selling goods and gathering information. Auctions are used in multiple venues including agriculture, eBay, and distressed asset sales. The seller does not have to worry about estimating demand and setting a price because the demanders will do that through the auction process. Write an essay examining the value of auctions in the economy by addressing the following items. Explain the difference between oral auctions and second-price auctions, including how they work and their results. Use the expected value information to illustrate how having more bidders in an oral auction will likely result in a higher winning bid. Explain how the number of bidders in a common value auction affects the outcome of the auction. Relate this to the effect on price in different market structures based on the number of producers. Auctions lead to outcomes where buyers reveal their value for the products being auctioned. To successfully price discriminate, firms often rely on buyers revealing their value for products. Explain the conditions necessary for firms to be able to price discriminate. Your essay must be at least three pages in length (not counting the title and references pages) and include at least three peer-reviewed resources. Adhere to APA Style when writing your essay, including citations and references for sources used. Be sure to include an introduction. Please note that no abstract is needed.

Gross domestic product (GDP) is a measure of the market value of final goods and services produced within the borders of a country during a specific time period, usually a year.  What is the GDP deflator?  How does the GDP deflator relate to real GDP?  Review GDP and nominal versus real.  Real adjusts for inflation, so how do we arrive at the real GDP number from nominal GDP?  Review the GDP deflator formula, where GDP deflator = (Nominal GDP/Real GDP) X 100. 75-150 words

The final project for this course is the creation of a research paper.  Every day, millions of economic choices are made by people—from what brand of soap to buy to how many employees to hire for a factory. Microeconomics provides us with the tools, models, and concepts to better understand individual choices in the marketplace and how resource allocation is determined at the micro level. The decisions made by individuals and households impact the market and influence decisions made by firms. Firms use these tools as a way to determine pricing, output, and profit maximization. As a student of economics, you can use the microeconomic principles to gain an understanding of how firms and individuals make decisions and also to make your own conclusions about actions we can take to improve those decisions.   Now, imagine that you are a consultant to the firm of your choice. The firm has hired you to advise it on how it can ensure its future success as a company in its current market. To do this, you will write a 5-page research paper analyzing market and business data to explain how the core microeconomic principles impact the sustainability of anear-monopolistic firm and what actions it can take to ensure success.    In this assignment, you will demonstrate your mastery of the following course outcomes:  ·       Apply microeconomic models to real-world situations for informing effective business decisions ·       Analyze business and market data using microeconomic tools for their impact on business sustainability ·       Evaluate the structure of various markets for informing effective decision-making strategies ·       Assess the behavior and decisions of individuals and firms for their relation to the microeconomic framework   PROMPT   You will choose one of the firms listed below for which you can find reliable data and information, both at the firm level and the industry level. The firm you select must be a publicly traded company, must operate in the U.S. market, and must currently be in business. Once you have selected a firm for your case study, you will gather information and data relevant to the firm and its industry and use the core microeconomic principles you have learned in class to analyze the information and make a recommendation for your firm. You will compose a 5-page research paper in which you will analyze the market and business data to explain how the core microeconomic principles impact the sustainability of the firm, and your recommendation will suggest the actions the firm can take to ensure success.   FIRM CHOICES:   ·       Amazon  ·       Apple ·       Facebook ·       Google ·       Con Edison ·       Netflix   Specifically, the following critical elements must be addressed:   I. Introduction   Select a near monopoly firm from the list provided.   a) Summarize the history of the firm, and provide an overview for what the firm does and what goods/services it sells.   II. Explore the supply and demand conditions for your firm’s product.   a) Evaluate trends in demand over time, and explain their impact on the industry and the firm. You should consider including annual sales figures for the product your firm sells. b) Analyze information and data related to the demand and supply for your firm’s product(s) to support your recommendation for the firm’s actions. Remember to include a graphical representation of the data and information used in your analysis. c) How has COVID-19 impacted your firm’s supply and demand of products and/or services?   III. Examine the price elasticity of demand for the product(s) your firm sells.   a) Analyze the available data and information, such as pricing and the availability of substitutes, and justify how you determine the price elasticity of demand for your firm’s product. b) Explain the factors that affect consumer responsiveness to price changes for this product, using the concept of price elasticity of demand as your guide. c) Assess how the price elasticity of demand impacts the firm’s pricing decisions and revenue growth. d) Given high unemployment levels, would you say demand for your firms products are elastic or inelastic?   IV. Explore the overall market for your firm.   a) Discuss the market share (not stock price) of the firm and its top competitors by providing details on current percentages for each firm and describing the trend over time. You might consider presenting the data graphically. b) Analyze the barriers to entry in this market to illustrate the potential for new competition and its impact on your firm’s future in the market. c) Describe the market structure for this firm, and analyze how this affects the firm’s ability to influence the market. d) How has government regulation and oversight impacted your firm’s success or future?   V. Recommendation a) Develop a recommendation for how the firm can manage its future as a near monopoly by synthesizing the data presented. b) Suggest how the firm’s position within the market and among its competitors will allow it to take your recommended action. c) Describe how the firm can sustain its success going forward by evaluating the findings from demand trends and price elasticity. safe assign

Should governments support the mortgage markets? (I choose yes). Write an essay on the topic and include references.

Please provide a synopsis of the attached Fed Chairman’s January 30th 2019  September 18th 2019 January 29th 2020 Sept 19 2020  Please provide an overall summary of the Federal Reserve’s Chair Press Conferences Include in your analysis “The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Economic activity and employment have picked up in recent months but remain well below their levels at the beginning of the year. Weaker demand and significantly lower oil prices are holding down consumer price inflation. Overall financial conditions have improved in recent months, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses. ” & also “My colleagues and I have one overarching goal: to sustain the economic expansion, with a strong job market and stable prices, for the benefit of the American people. ”  How is this central objective achieved.  What was the FOMC’s decision in each case.  What is the state of employment and inflation in the US economy.  What was the FOMC’s most recent decision. How similar and how different was the press conference of the Fed chairperson after the meeting? Elaborate on at least four subject matters that he presented. Elaborate on at least three pertinent questions that the press asked. Elaborate on the FOMC’s role in setting and implementing monetary policy. Explain the mechanism of a rate cut by the FOMC and its impact, if any, in the US economy. How is the federal reserve trying to effect the financial markets and the economy as a whole? What was its policy prior and what is it after the 2020 pandemic? FOMCpresconf20190130 FED.pdf   https://www.federalreserve.gov/monetarypolicy/fomcpresconf20190619.htm https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20190918.pdf https://www.federalreserve.gov/newsevents/pressreleases/monetary20190918a.htm

Your boss has decided to give you a raise, but this raise will send you into a higher income tax bracket. You can choose to accept or decline the raise. Explain why accepting the raise is your best course of action. Discuss what this means with a marginal tax rate system. Now take that slightly further into a discussion of marginal rates of substitution and transformation. What is it about marginal analysis that is so important to economics? Please discuss marginal wage setting, tax brackets, and opportunity cost. Minimum word count: 400 words

Your paper should address the Microeconomics related topic. Please conduct research using a minimum of seven sources. Sources cannot be blogs, Wikipedia, Investopedia, or other similar sources. You should use reputable books, papers and magazines. Your paper should be 5-7 pages long and use APA format size font 12 times new roman.

Analyze the market for cell phones.  This industry is an “oligopoly”.  What are the current market factors, in your opinion, that drive what types of cell phones will sell best at this point in time?  What are the factors that would go into the “ideal” phone for 2020?  make sure to use economic reasoning, and a demonstration  applying microeconomic principles in a way that demonstrates understanding.

Why Has College Tuition Exploded? What is the Best Way to Pay for It as a Student? o Social, Political, Economic, and Cultural elements o Macroeconomic policies o Do today’s college costs differ from those in the past? If so, why do you feel is the cause?