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Economics

What is the economic meaning of a recession?

Assignment 1: Demand-side Policies and the Great Recession of 2008
Macroeconomic analysis deals with the crucial issue of government involvement in the operation of “free market economy.” The Keynesian model suggests that it is the responsibility of the government to help to stabilize the economy. Stabilization policies (demand-side and supply-side policies) are undertaken by the federal government to counteract business cycle fluctuations and prevent high rates of unemployment and inflation. Demand side policies are government attempts to alter aggregate demand (AD) through using fiscal (cutting taxes and increasing government spending) or monetary policy (reducing interest rates). To shift the AD to the right, the government has to increase the government spending (the G-component of AD) causing consumer expenditures (the C-component of AD) to increase. Alternatively the Federal Reserve could cut interest rates reducing the cost of borrowing thereby encouraging consumer spending and investment borrowing. Both policies will lead to an increase in AD.
Develop an essay discussing the fiscal and the monetary policies adopted and implemented by the federal during the Great Recession and their impacts on the U.S. economy. Complete this essay in a Microsoft Word document, and in APA format. Note your submission will automatically be submitted through “TurnItIn” for plagiarism review. Please note that a minimum of 1500 words for your essay is required.
Your paper should be structured as follows
1. Cover page with a running head
2. Introduction: What is the economic meaning of a recession?
· A brief discussion of fiscal policies
· A brief discussion of monetary policies
3. Conclusions: Discuss the extent to which the use of demand side policies (fiscal policy and monetary policy) during the Great Recession of 2008 has been successful in restoring economic growth and reducing unemployment
4. References
Include in your essay analyzing the advantages and disadvantages of deficit spending and the effects of federal government borrowing on the economy i.e., the “crowding out” effect.

Categories
Economics

Applying the concept of marginal costs, how would you, as a business owner, decide how much to produce?

In your initial post, include the image of your simulation report in your response. Then, address the following questions:
Imagine you own your own business. Based on what you learned from the simulation, what factors would determine your entry and exit into a market?
Applying the concept of marginal costs, how would you, as a business owner, decide how much to produce?
How does the impact of fixed costs change production decisions in the short run and in the long run? Refer to the average total-cost (ATC) model included in the textbook to demonstrate.

Categories
Economics

How do you think this course could help you understand the vaccine markets in general and the current developments related to the production of vaccines against COVID-19 in particular?

VIDEO: https://www.youtube.com/watch?v=0BuCt2vtVjc
1- Summarize the article “Coronavirus and the money behind vaccines” in no more than three sentences
2- What did you find more interesting about this video? Why?
3- How do you think this course could help you understand the vaccine markets in general and the current developments related to the production of vaccines against COVID-19 in particular? Explain

Categories
Economics

What rationale has been provided for the CAP over the years?

The Common Agricultural Policy (CAP) has been one of the most expensive common policies of the European Union. What rationale has been provided for the CAP over the years? Critically assess the current CAP and discuss what problems may exist for further CAP reform.

Categories
Economics

Discuss the proposition that the EU never needed to have a single currency – Euro.

Lay out the case either for or against the need for a fiscal union to support the economic and monetary union and discuss the proposition that the EU never needed to have a single currency – Euro.

Categories
Economics

How can governments best support innovation in communities or the market?

How is innovation supported and engaged?
Many of the public scandals we have seen in Canada include some inappropriate or flawed collaboration among public, private and non-profit sectors. One example was the WE Charity scandal, where Prime Minister Justin Trudeau was accused of preferring WE Charity to administer a very large employment grant during COVID over other possible candidates because this charity had paid for his family members to speak. While the ethics commissioner ultimately decided that Trudeau did not violate any of the rules, Bill Morneau, the Finance Minister was found to have broke a number of conflict of interest rules. On the other hand, WE Charity was selected by members of the public service because it had a reputation for being an extremely innovative and effective organization at engaging youth in employment.
Ought we scrutinize our governments to this extent when such decisions are made in the private sector with little fanfare? Would the government be better off just providing tax breaks in the hopes that the market would create jobs on their own? How can governments best support innovation in communities or the market?
Reading: Leonidou, E. Christofi, M., Vrontis D., & Thrassou, A. (2018). An intergrative framework of stakeholder engagement for innovation management and entre
Arundel, A., Bloch, C. & Ferguson, B. (2019). Advancing innovation in the public sector: Aligning innovation measurement with policy goals. Research P
Stakeholders involvement in establishing sustainable business models. British Food Journal.

Categories
Economics

The way we measure GDP can both overstate and understate people’s happiness and well-being. 

This is a discussion question
GDP is the sum of all income earned in a country during a year. Alternatively, it can be thought of as the value of all production in an economy during a year. But do income and production measure happiness? The way we measure GDP can both overstate and understate people’s happiness and well-being. It understates economic activity and well-being when it doesn’t take into account production that is not exchanged in a market (grandma providing free baby-sitting) and leisure time. It overstates well-being when two otherwise identical activities are measured the same even though one produces more pollution.
Start your discussion by responding to these questions:
Should we continue to measure GDP as we do now? After all, the current way of measurement has been used over time, so we can make historical comparisons.
Are there problems with GDP that should be fixed? If you don’t think GDP should be changed, explain your reasoning. If you think it should be changed, what changes would you recommend, and why?

Categories
Economics

Do you think the interest on payday loans is too high or just right?

Do you think the interest on payday loans is too high or just right? Should Christians charge poor people interest on loans?
Additional information:
“Now in case a countryman of yours becomes poor and his means with regard to you falter, then you are to sustain him, like a stranger or a sojourner, that he may live with you. Do not take usurious interest from him, but revere your God, that your countryman may live with you. You shall not give him your silver at interest, nor your food for gain” (Leviticus 25:35–37, NIV).
Search the internet for “Microloans” or “Microcredit” and review the interest charged on these loans.

Categories
Economics

Why most of the slaves ended up on southern plantations rather than northern farms?

Learning Goal: I’m working on a economics writing question and need a sample draft to help me learn.
Read the article “Slavery and the Southern Development” attached and answer the following questions:
Why most of the slaves ended up on southern plantations rather than northern farms?
How is the emergence of Cotton Economy and slavery linked ?
The answers should be concise and should not exceed 2 pages (double- spaced)

Categories
Economics

What might be some of the short-term and long-term consequences of this change.

Learning Goal: I’m working on a economics writing question and need guidance to help me learn.
Visit the Bureau of Labor Statistics website and identify the national unemployment rate. How do you interpret this rate? Next, read about the Unemployment Insurance in the chapter on Unemployment. Identify at least two changes to the Unemployment Insurance Policy that were instituted in March 2020 in response to the COVID-19 crisis. You can read more about the Unemployment policies here. What might be some of the short-term and long-term consequences of this change.