Economics

Analyze 1 of the following government intervention programs: Countercyclical fiscal policies (countering economic disruptions such as the housing bubble and the Great Recession) US agriculture support programs Assistance for Low Income Families (choose 1) Housing vouchers Earned Income Tax Credit (including Child Tax Credit) Supplemental Nutrition Assistance Program (SNAP) Low income healthcare (choose 1) Medicaid (including Children’s Health Insurance Program). Affordable Care Act expansion Social insurance programs (choose 1) Old Age, Survivors, and Disability Insurance (OASDI) Medicare Unemployment insurance Write a 700- to 1,050-word summary of your analysis. Identify the intervention and the market failure leading up to the intervention. Complete the following in your paper: Analyze the arguments for government intervention as opposed to arguments for market-based solutions.Hint:See the information about market failures. Examine who has been helped and who has been hurt by the selected government intervention. Examine externalities and unintended consequences of such intervention. For example, consider whether the SNAP program and health coverage for low-income families result in higher future tax revenues because low-income children grow up healthier and produce higher incomes over their lifetimes. Analyze whether cost of the intervention you selected as a share of GDP or the number of participants is increasing,decreasing, or varies with the state of the economy, based on the cost trend(or number of participants) since its inception or since 2000. Analyze credible economists’ opinions on the success or failure of the intervention that you chose in achieving its objectives. Recommend whether the program should be continued as is, discontinued, or modified based on your conclusions. Defend your recommendation. Note: Use of charts and graphs is encouraged with appropriate citations. Any charts or graphs retrieved from the Federal Reserve Bank of St. Louis FRED website may only be included when the data sources used by FRED are US government sources such as the Bureau of Economic Analysis or the Bureau of Labor Statistics.  Cite at least 2 academically credible sources.   Format your assignment according to APA guidelines.

Go to www.Ted.com  (Links to an external site.)  and search for Thomas Thwaites’s talk, “How I Built a Toaster—from Scratch.” How much money and time do you think Thwaites spent building his toaster? How long do you think it would have taken Thwaites to earn enough money in, say, a minimum wage job to buy a toaster? Comment on the division of labor and the importance of specialization in increasing productivity.

Use concepts from the modular background readings as well as any good quality resources you can find. Cite all sources within the text and provide a cover sheet, and a reference page at the end of the paper. Length: 4–5 typed pages; double-spaced, 12-point Times New Roman font In some cases, the government can intervene in the market when the equilibrium price is too high or low. For example, a price ceiling is a legal maximum price that can be charged in a particular market. Do some research on your own.  Is a price ceiling set above or below the market price? Give an example of a price ceiling and discuss some disadvantages and advantages of this type of government intervention. An art museum raises its admission price, and ends up with a decrease in its total revenue. How could you explain this situation to the museum director? Suppose Billy drinks two cups of coffee a day no matter what the price. What does this mean in terms of supply and demand equilibrium? What are the main determinants of equilibrium of demand and supply? Which is likely to have more of an impact on supply and therefore market equilibrium: the demand for orange juice or the demand for a particular brand of orange juice?

Please compare the three (3) year screening results/approach to that of the one (1) year screening results/approach and write a 600-word response paper supporting which one is more cost-effective. Read the information below that is related to the three (3) year versus the one (1) year screening rates for cervical cancer.     In addition to the information from the article please review other recent (within the last five years) literature on the benefits and cost of screening for cervical cancer and present a 1-2 page response in your own words citing all references and sources used to prepare your response.  The medical evidence is clear: Cervical cancer screening saves lives. Much of the focus of cost-effectiveness research addresses issues concerning the appropriate screening interval. D.M. Eddy (Screening for cervical cancer, Annals of Internal Medicine 113, 214-226, 1990) studied the issue and estimated that annual screening for a hypothetical cohort of 1,000 22-year-old women screened until age 75 would cost $1,093,000 and would save 27.6 life years. If screened every three years instead, the cost would be $467,000 and 26.8 life years would be saved.  Note: Which is more Cost Effective Screening for Cervical Cancer Every Year or Every Three (3) Years?  The question that needs to be commented on is whether it is more cost effective to have a screening for cervical cancer every year or is it more cost effective to have a cervical cancer screening every three (3) years. In other words, would it be more cost effective, more beneficial, more important, and more advantageous for women, for families, for society for women to have a cervical cancer screening every year, or have cervical cancer screening every three (3) years. Please consider the advantages and disadvantages of screening every year then compare the advantages and disadvantages of screening every three (3) year. After you have compared the advantages and disadvantages of each type of screening please tell the reader which one more cost effective, better, more important, more beneficial for the females, for their families and for society.  Do not comment on the overall effectiveness of having a cervical cancer screening by itself. THIS IS NOT WHAT THE QUESTION IS ABOUT. It is already known that screening for cervical cancer is beneficial and offer many good things for to a woman, her family, her friends and society. THE QUESTION IS WHICH IS BETTER, TO SCREEN EVERY YEAR OR TO SCREEN EVERY THREE (3) YEARS.

The purpose of the research paper is for you to employ economic concepts (scarcity, opportunity cost, comparative advantage, supply and demand, price signals, diminishing returns, marginal utility, competition, monopoly, labor markets, income distribution, externalities, public goods, and many other) in a practical way to a business or social issue, bridging the gap between theory and practice. The research paper should clearly incorporate the economic analysis and topics of discussion covered in both the textbook and the workshops (as they pertain to the topic of research). You should attempt to see business and social issues through the lens of economic logic. The conclusions should reflect a deeper economic way of thinking. Divide your research paper into six specific sections as follows: Introduction: Topic, statement of problem to be discussed. Objectives: Thesis statement, what is the goal of the essay? Method: The research method used: case study, books and newspaper or magazine articles, personal statistical research, or previously conducted statistical surveys. Findings and Observations: Data, facts ascertained, what did you discover? Conclusions: Interpretation, analysis of findings, arguments, personal comments and you informed opinions. Documentation: works cited, reference page. Sections 1, 2, and 3 (Introduction, Objectives, and Method) should not consume more than one or two pages of the final draft. The bulk of the research and writing should be concentrated in the fourth and fifth sections where discussion should occur, evaluation of theories should be conducted, and conclusions may be drawn.

Implications of free and international trades in the local industry.

Section A: Production Possibility Scenarios. Use graphs. Explain why production points on the curve are best. What does it mean when production points are inside the curve? What does it mean when production points are outside the curve? Which factors can cause an inward shift? Which factors can cause an outward shift? Section B: The following table shows scores a student can earn on two upcoming exams according to the amount of time devoted to study. Plot the production possibility curve. Use one graph. Does the production possibility curve exhibit the law of increasing relative cost? If the student wishes to move from a grade of 60 to a grade of 88 in economics, whats is the opportunity cost?

Find a news article of your choice describing a good or service (you may use articles from websites such as cnn.com or foxnews.com). Summarize the situation and identify what supply or demand shift factor is at work. Describe the effect on equilibrium price and quantity given the shift factor. Provide a copy of your article with your written assignment. Please make sure have the references page.

The monetary system in any economy facilitates trade and allows people to trade more efficiently, as compared to a barter economy. In the United States, the monetary authority is the Federal Reserve System (also referred to as the Federal Reserve, or informally, as the “Fed”.)  For this assignment, use the information presented in the textbook and the Fed’s website ) when addressing the questions below. What are the requirements for something to be considered money? Why does the dollar have value? What does the money supply consist of and what are the respective amounts in the total money supply for the United States? What are the primary functions of the Fed? What role does the Federal Open Market Committee (FOMC) play in our economy? What role do the financial institutions (commercial banks and other institutions) play in our financial system? What is meant by the term “fractional-reserve banking” in our system? What are the implications for consumers? What are the tools available to the FED for controlling the money supply? Which are used most often? Which are most effective? How does the money multiplier help to determine the effects of monetary policy? What are the pros and cons of using monetary policy, as opposed to the use of fiscal policy, for implementing economic policies and practices?  Deliverables: Prepare a 5-6 page Microsoft Word document that addresses the above-noted concerns and meets APA standards. Include a summary section in your report that contains 5-7 bullet points identifying your major findings or conclusions of your 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 research paper analyzing market and business data to explain how the core microeconomic principles impact the sustainability of the firm and what actions it can take to ensure success. Specifically the following critical elements must be addressed for this introduction paper: I.Using the publicly traded company operating in the U.S. market that is currently in business.Write a one paper that includes the following elements for your chosen firm: a)Outline the purpose of your final project research paper and explain how it will inform your conclusion. b)Summarize the history of your chosen firm and provide an overview for what it does and what goods/services it sells. The company is Nike