Category: Economics

Instructions

Answer the following questions:

What is a piece rate system?

What is a tournament system?

What are other incentives for people to do something besides money?

What is meant by a nudge in relation to the chapter?

What is the principal agent problem?

Imagine that you are an economic advisor for a member of the US Senate.  You are charged will creating a five-page memo justifying the support or opposition to the American Rescue Plan Act of 2021
 
The memo must include:
1.  The name of the Senator who will receive your memo
2.  A concise and specific summary of the policy issue at stake
3.  A review of the general economic impact of the Act and its effect on key constituencies
4.  A Concluding summary of the action the Senator should take supported by theory and specific examples. Economics homework help.

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Macroeconomics

11:59 p.m. on May 2 st, due .. Please make the model curve in the paper

Assignment Details and Requirements:

Assume you have been hired as an economic analyst by the government. In your role you are required to produce an appendix to the state of the nation report to government ministers. This report must address each of the sections below. As this is a report, you must NOT paste the “questions/requirements” in the report – just you answers and diagrams.
Assignments must be submitted electronically via Canvas and must constitute your own work (they are not group assignments). Submission for this assignment is via Turnitin and any form of plagiarism will not be tolerated. Economics homework help.
Late submissions of assignments without special consideration or extension will be automatically penalised at a rate of 10% of the total marks available per day (or part of a day) late – 3 marks deducted per day. Of course, if you have encountered some trouble and have been unable to meet the deadline for genuine reasons then you can apply for Special Consideration. For information and instructions about how to apply for Special Consideration go to: http://www1.rmit.edu.au/students/specialconsideration (Links to an external site.). Information on extension requests are provided here: Extensions of time for submission of assessable work
Answers and diagrams are to be in entered into the Word document provided under the relevant section headings. For required diagrams you can either draw directly in the word document using ‘shapes’ and ‘text boxes’ for labelling (please remember to ‘group’ all your diagram items as they are likely to move on in your document – especially when you upload the word file and you will lose marks if  we cannot ‘see’ it properly – OR you can draw the diagram free-hand on paper, take a photo and paste into the Word document. Do not copy and paste diagrams out of textbooks, web pages, provided lecture slides……. This must represent your own work.
Remember that this is part of a report for ministers in government therefore your writing and expression should be professional and succinct (these are very busy people). Your wording needs to be structured as a report not as an answer to questions in a test.
Be sure to observe word limit requirements and provide well crafted answers that provide adequate information and explanation without being either too brief (insufficient detail) or too long (long winded).
Your answers must be provided under the 3 sections provided in the Word document and address each of the following components: Australia Technical Appendix.docx
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Details:

Consider the current covid-19 situation and its negative impact on economic activity.
Section 1: COVID-19 Impact [300 word maximum]
Using the (1) Aggregate Demand-Aggregate Supply Model with the Labour Market Model and the (2) Aggregate Expenditure (AE) Model with the Labour Market Model and assuming the Australian economy was at the natural rate of output at the onset of the crisis:
· Illustrate the impact of the crisis on the domestic economy using both the (1) AD-AS model and its associated labour market model and the (2) AE model and its associated labour market model. Ensure you clearly label all parts of the diagram, clearly demonstrating the original equilibriums and the COVID-19 outcomes. Economics homework help.
· Discuss your rationale for the outcome you have demonstrated in your diagrams, ie discuss which components of AD/AS/AE have been affected and why – the basis of the shifts you demonstrated in the diagrams. Explain what has occurred in your labour market models and why.
Section 2: Model Assumptions and Resultant Outcomes [200 word maximum]
The 2 models you have used have different underlying assumptions.
· Outline the major underlying difference(s) between the two models.
· Briefly discuss and illustrate how the difference(s) in the model assumptions impact the degree of the potential impact on the economy. Use the AD-AS Model and provide ONE diagram to illustrate the potential difference in outcomes depending on the assumptions made. (Hint – consider the assumptions underlying the AE model – what SRAS curve reflects this?)
Section 3: Policy Recommendations [500 word maximum]
Based on the differences of the model:

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· Provide alternate policy recommendations for each model, the justification for the policy recommendations and any costs/benefits you perceive of these actions. Economics homework help. Discuss whether self-correction is possible for either model – if so, what is the process. Discuss the costs and benefits of self-correction in this case relative to government intervention.
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Marking Criteria

Grades will be awarded on the following basis:

Fail (NN):
The submitted work does not meet the criteria set.
Pass (PA) 50-59%:
The submitted work meets the criteria provided set for the tasks and an awareness of relevant substantive issues. This includes clear comprehension of substantive issues within the course, correct application of modelling and basic computation skills.
Credit (CR) 60-69%:
In addition to satisfying the conditions for a pass, the submitted work shows evidence of the ability to engage in detailed quantitative and qualitative application, sensitivity to and understanding of the substantive area and its significance, the ability to comprehend relevant theoretical ideas, and a thorough appreciation of potential outcomes.
Distinction (DI) 70-79%:
In addition to satisfying the conditions for a credit, the submitted work shows perceptive analysis of relevant material, the ability to engage in complex qualitative and quantitative analysis, and apply extensive and relevant theoretical analysis. The submitted work presents convincing and logically constructed arguments that are cogent and coherent.
High Distinction (HD) 80%:
In addition to satisfying the conditions for a distinction, the submitted work shows evidence of high order critical analysis and insightful use of wide and relevant theoretical and mathematical understanding as well as thorough attention to presentation of answers. The submitted work demonstrates the capacity to independently articulate consequences and potential outcomes.  Economics homework help.

Assessment Declaration:

This is an individual assignment. That means it must be your own work and you can’t copy or get help from anyone. However, it is fine to discuss the issues, ideas and how you may approach the questions with fellow students.
By submitting this assessment you are declaring that you have read, understood and agree to the content and expectations of the Assessment declaration (Links to an external site.)Links to an external site. (Links to an external site.). Economics homework help.

This week, you will use role theory(you can pick a role theory) to apply to your chosen case study. In other words, your theoretical orientation—or lens—is role theory as you analyze the case study (Jake Levy) Please See Attachments.

Each slide should be written using bullet points, meaning no long paragraphs of written text should be in the slides.
Your presentation should address the following:

• 1. Identify the presenting problem for the case study you selected. (Remember the presenting problem has to be framed from the perspective of role theory. For example, the presenting problem can be framed within the context of role functioning). Economics homework help

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• 2. Identify all the relevant roles assumed by the client.
• 3. Analyze the social expectations and social and cultural norms revolving around the role, social position, and role scripts of one of the roles assumed by the client.
• 4. Explain the role and social position of the social worker in working with the client in the case study.
• 5. Describe how the role(s) and social position(s) assumed by the social worker will influence the relationship between the social worker and the client.
• 6. Identify three assessment questions that are guided by role theory that you will ask the client to better understand the problem.
• 7. Identify and describe two interventions that are aligned with the presenting problem and role theory.
• 8. Identify one outcome that you would measure if you were to evaluate one of the interventions you would implement to determine if the intervention is effective.
• 9. Evaluate one advantage and one limitation in using role theory in understanding the case.
• Be sure to:
  • Identify and correctly reference the case study you have chosen.
  • Use literature to support your claims.
  • Use APA formatting and style.
  • Include the reference list on the last slide.
  • Case study is Jake Levy. I sent it as an attachment. Economics homework help

It is common for social workers to be presented with a crisis situation brought forth by clients, families, communities, and/or organizations. The ultimate goal is to restore the client to equilibrium. The five stages of the crisis are (1) the hazardous event, (2) the vulnerable stage, (3) the precipitating factor, (4) the state of active crisis, and (5) the reintegration or crisis resolution phase.
There are times when a social worker will use more than one theory to assist in conceptualizing the problem and intervention, particularly if the theories complement each other. For example, resiliency theory can be used alongside crisis theory.
To prepare: Review and focus on the same case study that you chose in Week 2. I attached two articles that is required reading and it will be helpful with writing this assignment. If you have any questions, please reach out. Economics homework help

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Submit a 1- to 2-page case write-up that addresses the following:

• **Map the client’s crisis using the five stages of the crisis. (The five stages of the crisis are (1) the hazardous event, (2) the vulnerable stage, (3) the precipitating factor, (4) the state of active crisis, and (5) the reintegration or crisis resolution phase.)
• *Describe the client’s assets and resources (in order to understand the client’s resilience).
• *Describe how you, the social worker, will intervene to assist the client to reach the reintegration stage of the crisis. Be sure that the intervention promotes resiliency.
• *Evaluate how using crisis theory and resiliency theory together help in working with a client.

Be sure to:

• Identify and correctly reference the case study you have chosen.
• Use literature to support your claims.
• Use APA formatting and style.
  • Remember to double-space your paper. Economics homework help

For this week’s discussion, the focus will be on examining Porter’s Five Forces as a tool for looking at the pressure on profits. Specifically, how does Porter’s analysis examine the stress on profits from all directions and all dimensions of a firm’s environment?  You will be applying this tool by specifically looking at the market structure in which a firm completes.  You will need to be able to distinguish an oligopoly from a monopolistic competitive market structure. Economics homework help

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Instructions:
There are two groups of firms below.

• Group 1: firms in the retail sector (e.g. Amazon;  Wal-Mart; Target; Kohl’s; Sears; Macy’s)
• Group 2: firms in the wireless services industry (e.g. Verizon; AT & T; Sprint/T-Mobile) (this about telecommunication services, not about the sale of phones)

For each group determine and explain if the group is monopolistic competitive or an oligopoly. You need to specific for both in which market structure the firms operate)
Then choose one of the firms from one group.  Using a Porter’s analysis what are the threat to profitability?  This would be a great time to expand your research skills by checking out the firm’s investor relations page.  Use the Research Hub. Go to the ECO550 Library landing page and if you need help, Ask the Librarian to help you find the investor relations page

In this assignment, you will develop a paper in which you select an industry that interests you, describe that industry, and explain how government might impact the industry.

Instructions

Review your chapter readings and use the resources provided to develop a 2–3-page paper on Economic Principles – Microeconomics in which you:

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1. Visit the Census Bureau (NAICS) website and select an industry that has a description. Some of the smaller industries are named, but not described.
   • The industry could be broad, such as industry 11 Agriculture, Forestry, Fishing, and Hunting, or it could be narrow, such as industry 112112 Cattle Feedlots.
     • The more digits in the industry label, the narrower the industry.
2. In a few short paragraphs, describe your selected industry using the industry description at the NAICS website.
   • Be sure to write in your own words. Don’t just copy and paste the NAICS text.
   • Identify some of the major companies in this industry
   • Identify the goods, and/or services this industry produces. Use the information from the NAICS website. You can supplement this information with what you find in a separate Google search.
3. Describe a microeconomic variable for your industry. Microeconomic variables include prices, sales, production, advertising, investment, etc.Economics homework help
4. Include a graph, chart, or table showing this microeconomic variable over time.
   • You do not need to create this graph, chart, or table. Find one that has already been created and paste it into your paper. For example, if your industry is U.S. automobile manufacturing, Google, “U.S. automobile manufacturing over time.” Select the “images” option. Choose one of the graphs, charts, or tables. Then copy and paste it into your paper.
   • Include a reference to the source of the graph, chart, or table. Microeconomic relationships and market outcomes are covered in Weeks 2–4.
5. Describe one way the government might impact this industry. Examples might include price controls, regulations, taxes, or any other way you can think of.
   • Government intervention through price controls, regulations, taxes, and antitrust enforcement were covered in Weeks 2 and 4.
6. This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.

Resources to Complete the Assignment

The specific course learning outcome associated with this assignment is:Economics homework help

Part 1  – Consider the 1997 Asian Financial Crisis and its impact on the wealth of households and businesses in Singapore and incorporate each of the following elements into your essay:

• Using the Department of Statistics Singapore El data – Expenditure on Gross Domestic Product In Chained (2015) Dollars, Quarterly, Seasonally Adjusted, generate one appropriate EXCEL chart illustrating the quarterly national growth rate, the percentage change in Private Consumption Expenditure and the percentage change in Gross Fixed Capital Formation from 3Q 1997 to 2Q 1999. Microeconomics Homework help

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  Undertake an overview of the event and how it impacted Singapore (remember to use reputable sources in your research and reference), incorporating the information from the chart you generated. Include in your discussion any actions undertaken by the government to combat the crisis and restore economic activity.

• Undertake a model analysis using the IS-LM model. Using the IS-LM model, illustrate and discuss the impact of the Asian Financial Crisis on interest rates and economic activity (and thus the unemployment rate). Remember to explain any changes you have made to the curves and/or any shift(s) you have undertaken
• Based on the impact on interest rates and economic activity you have demonstrated in the IS-LM model, outline the policy advice you would have given to the government under these circumstances. Include in the discussion how the slopes of the curves may affect your policy advice and the long-run impact of this policy action.Microeconomics Homework help

Part 2 – 2-minute recorded digital presentation
Consider the following list of possible government policy initiatives for an economy. Choose one policy initiative and develop one slide in support or against the policy and record argument(s) with slide using Canvas studio. Remember to consider the short-term and long-term impacts and how this may impact the overall economy/particular sectors…
Policy Initiatives

•  Introduce excise taxes on all goods and services entering the nation from all trading partners
•  Introduce a universal basic income (UBI)
• Reduce the corporate tax rate
• Reduce personal income tax rates for all tier above 120,000
• Reduce (or eliminate) the Goods and Services Tax (GST)
•  Provide (or increase) unemployment benefits or an unemployment insurance program
• Privatize all energy providers in the country
• Privatize all public modes of transportation
•  Change the exchange rate system from flexible to fixed/pegged • Change the exchange rate system from fixed/pegged to flexible Microeconomics Homework help

Question 1
(a) Describe and compare the respective welfare effects of an import tariff on Singapore and on the U.S.
(b) Singapore has done relatively well in exporting computer peripherals and software, even to countries like the U.S. which has a more advanced level of technology. Illustrate how this could be possible.International Economics Homework help

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Question 2
(a) On the economic integration of ASEAN10, identify, with supporting examples, the stage ASEAN10 is currently at.
(b) On economic integration, explain the success/failure of the European Union in all its stages.
(c) How would the China-ASEAN FTA be mutually beneficial? Discuss by selecting any one ASEAN state and one theme (e.g., trade in goods and services, or FDI and MNCs for transfer of capital, or technology transfer, etc), with the use of examples