Economics

Select an economic development project in your community. The project must have been implemented and/or completed within the past 10 years. Provide background about the project and the intended economic benefits. In presenting your overview of the project, compare the project’s development process to the economic planning challenges outlined in Leigh and Blakely’s text, Chapter 1 -4. To what degree did the community economic development project experience the transition in local planning? Discuss. Also, based upon your understanding of Chapter 1 – 2 of the McDonald text, outline the causal theory that undergirds your jurisdiction’s development project. What has been identified as enhancing prospects for community sustainability? Describe in detail the configuration of public, private, and not-for-profit sector linkages that proved instrumental in making your community’s project a reality?

Summarize two videos, the summary should be less than 250 words per video (500 words total). Do not quote or copy any element when writing your journal. The journal should be completely original. DO NOT USE OVER COMPLICATED VERBIAGE. Aggregate Demand: https://www.khanacademy.org/economics-finance-domain/old-macroeconomics/aggregate-supply-demand-topic-old/aggregate-supply-demand-tut/v/aggregate-demand Long Run Aggregate Supply: https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/national-income-and-price-determinations/long-run-aggregate-supply-ap/v/long-run-aggregate-supply

There has been a discussion about whether the Tax Cuts and Jobs Act that took effect in 2018 will increase tax revenue. Tax revenue can be thought of an as average tax rate multiplied by taxable income. If the average tax rate falls while taxable income stays the same, tax revenue will fall. But what if the tax cuts increase taxable income? Both of the major schools of thought in macroeconomics (Keynesians and Neoclassicals) believe that tax cuts increase economic growth. Economic growth increases taxable income. Our recent economic growth has brought unemployment down to historically low levels. Think about this. Reply to these questions to begin your discussion: Do you think that the tax cuts of the Tax Cuts and Jobs Act will increase economic growth and taxable income so much that tax revenue will increase? Or do you think that the tax cuts will reduce tax revenue? Explain your answers.4 SENTENCES ONLY

How does technology affect the economy of Japan, in the perspective of macroeconomics?

For this assignment, you should use the information in the textbook and the information found on the official Department of Labor website, https://www.bls.gov/home.htm. Unemployment is one of the major concerns that people have in today’s economy, since losing one’s job can be one of the most devastating events a person can experience. But what do the numbers actually mean? What is the actual state of the economy, in terms of its ability to generate jobs for its citizens? Questions: What is the labor force participation rate? What was the labor force participation rate in 2008? How has it changed since 2008 and what does this change imply for the state of the economy? Does the labor force participation rate affect the unemployment rates reported in the media? How is unemployment measured and reported? What is a discouraged worker? Are they included in the basic unemployment rate? Are they included in any measure of unemployment? How has the number of discouraged workers changed since 2008? How does the exclusion of the discouraged worker affect the basic unemployment rate reported in the media? What is frictional unemployment? What is structural unemployment? What is cyclical unemployment? What economic policies should be used to deal with these types of unemployment? Which type is most prevalent in today’s economy? Unemployment insurance is designed to help the unemployed. Do these benefits encourage or discourage a person from looking for work? How long should these benefits last? Does the existence of unions help or hurt the overall economy and the employment rate? Why or why not? 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.

Analyze and explain the financial and economic context, as well as the international tourism market, Analyze tendencies, responses, and strategies adopted as a consequence of the crisis Prove policies implemented as a response to the crisis last until today, therefore it was a durable change and possibly a needed long term market adjustment

In our session this module week we’ve been discussing the differences between micro and macroeconomics. Hopefully, you’ve learned a lot from our deep dive into the Circular Flow Model. Let’s put what we’re learning to the test! In this assignment, prepare a short essay that distinguishes the role of firms in our macroeconomy.  In your […]

Read the case “The Role of Labor Costs in Retail Electronics”, and answer the questions below:1. What are the differences in the cost cutting measures implemented at Best Buy and Circuit City? Do you believe that the compensation changes at Best Buy are a major reason for its current difficulties?2. Are there larger problems in […]

Each of you (individually) will analyze a case study and prepare a two-part 7-page report on a practical labor economics problem. The first part should be a 2-page memo in which you need to, in a succinct way, convey the nature of the problem, your solutions, and their consequences. The second part should be a more detailed technical report (5 pages) backing the conclusions in your memo. The goal is to put you in the shoes of an expert and you can think of me as a decision-maker who will follow your recommendation.  Case study for this year is “The consequences of COVID-19 for the U.S. labor market” COVID-19 global pandemic has a significant impact on the labor markets in the U.S. and globally. It tested the efficiency and robustness of labor market institutions and generated a myriad of policies at both local and national level aimed to remediate its consequences for current and future workers. Furthermore, firms also responded with both altered demand as well as working arrangements for their workers. Many economists and policymakers have made analyses and predictions about the consequences of the epidemic for the labor market and jobs, and in particular for different types of occupations. Building on all this, your goal in this case study is three-fold: (1) Describe the state of the U.S. labor market pre-pandemic. Focus on labor demand and supply as well as types of jobs, immigration, and employment conditions. Provide information on core labor market institutions in the U.S. e.g., unemployment insurance, disability benefits, leave regulations. Please use statistical facts and scientific evidence to back your description. (10 points) (2) Describe how the COVID-19 pandemic affected the U.S. labor market between its start in February 2020 and the current situation in August 2020. What happened to U.S. employment and unemployment? Were the consequences heterogeneous across sectors, types of jobs, educational groups, gender, race/ethnicity, etc.? How about spatial variation? What about experienced workers vs. new graduates? Please use statistical facts and scientific evidence to back your description. (10 points) (3) Propose a new policy or modification to an existing policy that would ameliorate the impact of COVID-19 on the U.S. labor market. Please make sure that the policy is feasible to implement in terms of both resources and politics. Pay particular attention to issues of scalability, compliance, potential externalities, and cost-benefit analysis. Justify your choice and thought process using data and/or economic models. (10 points) Note: guidelines in points (1) to (3) above are intentionally vague. I want you to own the project and research topics that are particularly exciting to you. In that, you do not need to cover all the example questions above and you should add more information specific to the focus of your technical report. I do require, however, that you include all three sections in your work i.e., you need to talk about the description of the labor market pre- and during the pandemic as well as about your proposed policy. This content should be included in both memo and report. The memo is a policy-focused, succinct summary of your report. Please contact me if you have any questions about either part of the project.

Estimate a hedonic model using the dataset provided and considering the following parameters (you should use the Regression option in MS Excel add-in Data Analysis)  Dependent variable – house price Independent variables – • Number of bedrooms • Number of bathrooms • Number of parking spaces • Distance from the Sydney CBD (kilometres) • Proportion of high-income people in the neighbourhood (earning >$2,000/week) • Proportion of Australian born people in the neighbourhood Note: The Excel output should be provided as an appendix (at the end of the report) and will not be counted towards the word limit. The Residual Output is not required.  2. Provide economic interpretations for the coefficients of the following variables (referring to the nature of relationships between these variables and house prices) (25 marks): (a). Distance from the Sydney CBD (kilometres) (b). The proportion of high-income people in the neighbourhood (earning >$2,000/week) (c). The proportion of Australian born people in the neighbourhood 3. (a). Briefly discuss two implications (one positive and one negative) arising from the relationship you discussed in question 2(a) on cities (10 marks). (b). Briefly discuss two ways in which governments can address the negative consequences of the relationship depicted in 2(a) (7.5 marks). (c). Briefly identify two consequences of the relationship represented in 2(b) on cities (7.5 marks)