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Interest Rates Effects Recall that an exchange rate is the price of one currency in another. For example, it may take US $1.35 to buy 1 British Pound. Also recall the interest rates affect exchange rates. What do you predict will happen to the foreign exchange rate if interest rates in the United States increase more than […]
Keynesian & Classical Economics Prepare a paper and summarize key developments in macroeconomic history. Specifically, what are the similarities and differences between Keynesian and classical economics? How does each handle issues of unemployment? What new developments starting in the 1980s have changed macroeconomic thought? Keynesian & Classical Economics Prepare a paper and summarize key developments in macroeconomic […]
Inflation & Prices There are probably a thousand macroeconomic indicators, some measure the overall national economy, some are more limited in scope. The three most often quoted and publicized are the Gross Domestic Production Index (GDP), the Consumer Price Inflation Index (CPI) and the Unemployment Index. Below I will give you the link(s) for each […]
consumer surplus Suppose the market demand and supply (bottles/month) for bottled water are given by: Qd = -150P + 1500 Qs = 450P – 300 where Qd is the market demand, Qs is the quantity supplied and P is price of a 1Lt bottled water. The market is assumed to be competitive. (a) Write […]
Intermediate Macroeconomics II ECON 3P22 Intermediate Macroeconomics II The assignment is due in class on May 10. Describe in 300 words or less the macroeconomic performance of one Canadian province over the last decade. The data can be obtained from Statistics Canada, Cansim tables (http://www.statcan.gc.ca/tablestableaux/ sum-som/z01/cs0003-eng.htm) Intermediate Macroeconomics II Follow the example on the Canadian […]
Format of the Project: The Data Exercise must be posted to the LEO Student Assignments as a Attachments are limited to a maximum two files in doc, docx., xls. xlsx., or rtf. formats. OTHER FORMATS ARE NOT ACCEPTABLE, will not be reviewed or graded. Please note that hand-written and scanned works, pdf. files, jpg. files, […]
Economics 1. Evaluate the following statement using concepts from our class discussions (3-6 sentences): “Any decrease in the unemployment rate is a sign that labor market conditions have improved.” 2. a) Draw the basic labor market model. (Make sure to label the axis, supply and demand curves and equilibrium point carefully). b) Describe an economic […]
Economic social issues Write a six to eight (6-8) page paper modeled as a policy recommendation in which you: Briefly describe the economic problem you have selected. Assess the impact the problem poses to society. Design an economic policy solution to the problem. Analyze the economic theory used to complete the policy solution and determine […]
Game Theory Problem 1 Consider a homogeneous product, quantity choosing, duopoly. Inverse demand is given by p = 25;000- Q where p is unit price and Q = q1 + q2 is total industry output. Firm 1 has a constant marginal cost of c1 = 10;000, while firm 2 has a constant marginal cost of […]
Business Economics 1. Suppose that a perfectly competitive firms’ Total Cost function is given by: SRTC(q) = 50 + 80q –10q 2 + .6q 3 a. What is fixed cost equal to? What is Variable Cost equal to? b. What is Marginal Cost equal to? What is Average Variable Cost equal to? c. Find an […]
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