This week we looked at what is called the theory of the firm. We looked at how businesses operate in competitive environments and not-so-competitive environments. Oligopolistic industries are characterized by a few firms and they often tend to be very large (i.e. big business). Many people in our culture today are very skeptical about big … Read more
Pick one of the relevant current event articles you read from CNBC this semester, and conduct both a positive analysis (using the supply-and-demand to analyze a specific market discussed in the article) and a normative analysis (imposing your value judgment and provide policy recommendations) of the current event
Please do not use big words or complicated sentances. Write 200250 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. For this Discussion Board, please complete the following: Gross domestic product (GDP) is a measurement of how much people produce … Read more
Review economic theory and policy changes. In addition, find and read two recent articles on this topic. Write a 500-750 word (approximately 2 to 3 page) paper that addresses these questions: What are the differences between the economic theories and the reality of policy implementation?How have market outcomes changed over time as a result of … Read more
This class is largely about using economics to help managers who work in businesses. For this week’s discussion, I would like you to think about the larger role that business plays in society. I would like you to think about Ephesians 4:28, which reads, “He who has been stealing must steal no longer, but must … Read more
“The contract by which he [workers] sold to the capitalist his labour-power proved, so to say, in black and white that he disposed of himself freely. The bargain concluded, it is discovered that he was no ‘free agent,’ that the time for which he is free to sell his labour-power is the time for which … Read more
Are credit cards or debit cards money? Explain your answer. When the Fed makes an open market purchase of government securities, the quantity of money will eventually decrease by a fraction of the initial change in the monetary base. Is the previous statement correct or incorrect? Explain your answer. Monetary policy is action taken by … Read more
There are many Supply and Demand issues happening in the world today unlike any we’ve ever seen before. Write a one page summary of what those issues are and how they will effect this year’s normally increased shopping and buying season for Thanksgiving and cultural holidays. You may use outside sources. (Quote them) Include reference … Read more
Since the 1980s America has embraced open, international trade. Has the average American worker and consumer benefited from this? Prior to the 1980s there were more than enough factory jobs available to everyone and you did not need a college degree to get one and buy a home and raise a family. However, most of … Read more
This question has to do with China and their exchange rate regime. China has a fixed rate regime and America and almost all of the developed world has a flexible exchange rate regime. Has a fixed rate regime been good for the Chinese economy and Chinese workers? Has their fixed rate regime been bad for … Read more