How does the value-added concept assist in avoiding double-counting in the measure of Gross National or Domestic Product?

Macroeconomics

Instructions:

Answer each in no more than a single page, double-spaced, EACH.

1. How does the value-added concept assist in avoiding double-counting in the measure of Gross National or Domestic Product? Discuss.

2. Describe the principle of comparative advantage in a manner that convinces me that you truly understand it – which is a tall order, I know. Now explain how, at least under the bilateral trading framework envisioned by this theory, it is possible to have a place in the global arena without actually achieving absolute advantage in any line of business. [This question is worth three points extra credit for attempting.]

3. Define total factor productivity and explain how it relates to economic growth.

4. Define and describe the so-called “three prices of money.” How do changes in the money supply affect each.

Do unions engage in ethical behavior?Do you expect union activity to increase or decrease globally?

Econ wk 7

Step 1: Go to the internet and find an news article posted within the last month that discusses labor union formation and activity, summarize key points and post in Discussions area.

Note that the goal of this discussion is to read, understand, and discuss recent news using microeconomic terminology. The article should be from an on-line newspaper or magazine. Materials posted on educational websites, like www.thebalance.com, www.khanacademy.org, and so on, are not considered news articles even if they were recently updated and contain material related to the discussion topic.

Step 2: In your initial response to the topic you have to answer all questions:

Do unions engage in ethical behavior? Explain.
Historically, what factors precipitated the formation of unions? Explain.
Do you expect union activity to increase or decrease globally? Explain.

Summarize key points of the article that you found in Step 2 of the discussion assignment, and post in the Discussions area.

Reflection – the students also should include a paragraph in the initial response in their own words, using microeconomic terminology, reflecting on specifically what they learned from the assignment and how they think they could apply what they learned in the workplace or in everyday life.

What is Planned Economics and What is the Free Market?

Planned vs. Free Market

1. What is Planned Economics and What is the Free Market?

2. What are the ideas of Keynes and Hayek?

3. How well and where has Keynes Ideas been implemented?

4. How well and where has Hayek Ideas been implemented?

5. Overall which has proven to be the most successful and why do you make the claim that it is the most successful Economic System.

Explain how different schools of thought would conclude the data. I.e. how would Neoclassical and Classical schools view this data.Is one wrong and is the other right? Why?

Impact of Financialization on Public Health

You must produce a Report on the above topic in a format like this:

In addition, you will also need to upload the excel file with the data used in the report.

Tips for the Report:

Explain how different schools of thought would conclude the data. I.e. how would Neoclassical and Classical schools view this data.Is one wrong and is the other right? Why?

Is the data an example of a Simpsons Paradox?

Is the data an example of how correlation is used to provide a sort of backing to a point and not denote the causation?

Present data well

Don’t say more that needs to be said. Say “this could be part of this reason or something else” not say, “This proves my point”.

Define fiscal policy and explain whether the government should implement an expansionary or contractionary fiscal policy during the pandemic.

One of the tools available to influence the well-being of the economy fiscal policy. The federal government may utilize fiscal policy as an expansionary or contractionary action, depending on the goal of the policy. In this assignment you will investigate specific fiscal policy initiatives taken during the Coronavirus pandemic in the United States and recognize the effects of the policy on economic output, the labor market, and the federal debt.

INSTRUCTIONS

During the Coronavirus pandemic, the United States launched many fiscal policy initiatives to stabilize and grow the United States economy. For this assignment, complete the following in paragraph form:

1. Define fiscal policy and explain whether the government should implement an expansionary or contractionary fiscal policy during the pandemic.

2. Identify one of the fiscal policy initiatives implemented at the federal level during the pandemic. Describe the program: What was it? What was it designed to do? How large or a program was it? Use outside research from The Wall Street Journal or another newspaper from 2020 or 2021 to support your assertions.

3. Was this program designed to impact economic output, the labor market, or both? Explain.

4. What were the costs associated with this program? How did it effect the amount of the Federal Debt?
Response should be a minimum of 300 words and include at least one outside source in addition to the text. Provide a reference list in APA format. Do not include a title page.

To what extent has the “National Women Policy” been effective in increasing the female labour participation rate in the STEM field,in Klang Valley?

To what extent has the “National Women Policy” been effective in increasing the female labour participation rate in the STEM field, in Klang Valley?

This paper is for the IB diploma program. It is called the Extended Essay (EE) and has to be about 4000 words long. Have attached a sample Extended Essay below. Refer to its Table of Contents to see the required sections for the Extended Essay.

Discuss how the economies of these regions were affected by the expanding influence of European traders during the three centuries before 1800.

The World Economy in Historical Perspective

Answer this question

Evaluate the nature and significance of external economic relations for China and India immediately before the emergence of European sea-borne trading links from c.1500.

Discuss how the economies of these regions were affected by the expanding influence of European traders during the three centuries before 1800.

And inculde the 2 sources that are outlined in the refences

Evaluate the nature and significance of external economic relations for China and India immediately before the emergence of European sea-borne trading links from c.1500.

Evaluate the nature and significance of external economic relations for China and India immediately before the emergence of European sea-borne trading links from c.1500.

Discuss how the economies of these regions were affected by the expanding

In the first part of your essay it would be sensible to set out your answer for each of China and India separately though as part of your evaluation, it would be helpful to present some comparative comments before moving on to the second part of the question.

Notice that the question refers to the period before c.1500 after which the sea-borne trading links with Europe became more significant. While your discussion may comment on events many centuries prior to c.1500, try to focus on the century, or so, before c.1500. In this regard “external economic relations” refers mainly to trading links but could go beyond this to refer to any sort of international relations for which there was an economic aspect.

The second part of your essay should comprise around 40-50% of the whole, beginning with a brief overview of the pattern of European involvement in sea-borne trade with Asia in the centuries before c.1800 (the year 1800 is not itself significant except to emphasise that the major developments during the 19th century should be excluded from your answer). In your discussion, you should include the variety of economic links (including colonisation) and how they changed in the three centuries before c.1800. The main challenge for you is to set out your coverage in a systematic way, transparent to the reader – it is how well you do this that will be a major determinant of your mark.

Findlay & O’Rourke, Power and Plenty, esp. pp. 61–71, 133–140, 145–157, 167–187.

de Zwart & van Zanden, The Origins of Globalisation, ch. 6 and 8.

What criterion do you think they will use to decide whether or not to replace workers with robots or machines in general?

Article assessment

This assessment deals with Microeconomics, so make sure that you know the concepts described before answering the questions.

Have attached the article below

Questions: (Use Word to type your answers in no more than a page with 1.5 spacing)

1) Summarize the main point of the article in approximately two paragraphs.

2) Do you agree or disagree with the main idea of this article. Explain why.

3) With fixed capital and variable labor, as long as there are diminishing marginal returns the marginal cost of production will be increasing. Now, from the point of view of a firm in a perfectly competitive market (say a farmer), what criterion do you think they will use to decide whether or not to replace workers with robots or machines in general?

Be brief and concise using marginal analysis concepts.