Category: Economics

As an individual task, you are expected to draw on your industry-related experience and knowledge to write an analytical essay that addresses one of the two challenges faced by the public sector.
For Industry Challenge 1, the focus is on addressing the challenge of enforcing timely fine payments.
For Industry Challenge 2, the focus is on addressing the problem of recruiting and retaining nurses due to a global shortage.
Your essay should demonstrate your understanding of the chosen behavioural concept(s), their application to the chosen challenge, and the effectiveness of the proposed intervention. 
CHOSEN CHALLENGE: INDUSTRY CHALLENGE 2
Industry Challenge 2:
Healthcare facilities, particularly hospitals, face challenges in recruiting and retaining enough nurses due to a global shortage of nursing staff. High turnover rates among nurses result in increased recruitment and training costs for healthcare institutions. Additionally, nurse burnout exacerbates retention challenges. The combination of staffing shortages, burnout, and high turnover creates a cycle of recruitment and retention challenges that strain healthcare institutions. Addressing these challenges is vital for ensuring the effective operation of healthcare systems.
Which behavioural concepts can help improve frontline nursing staff recruitment? Choose one or two relevant concepts to develop a targeted intervention. These concepts can include: Poverty trap and development, nudges and public policy, prospect theory, etc. ALso, please note that everything referred in this assignment is strictly revolved around Australia. The intervention should aim for more effective recruitment and/or better retention.
Furthermore, provide a well-defined laboratory or field experimental design aimed at evaluating the effectiveness of your proposed behavioural intervention. The experiment should be outlined in a clear and concise manner, including the following key elements:
Treatment group and control group
Steps of the experiment
Key variables
Expected outcomes or hypotheses
ATTACHED IS THE STRUCTURE
WORD LIMIT: 1500 WORDS (not including references)

Read the article then answer question 1,2 and 3. Define the key terms in each question, use economic vocabulary, use the correct economic diagram to answer each question, and use real world examples as well as appropriate quotes from the article to answer each question (only 1,2 and 3). also read all the file below that explain the assigment and follow it, also please read the marking scheme and follow it for a 80% mark,

– Answer the two questions. – 1000 minimum, 1500 maximum words per question – Minimum of 10 Academic References per question – Please refrain from using CHAT GPT – Assignment must be written in United Kingdom English

2 pages
500+ words
12 point New Times
1.15 or 1.5 spacing skip a line every paragraph
Define what fiscal policy is
Explain the strengths and weaknesses of fiscal policy
Define what monetary policy is
Explain the strengths and weaknesses of monetary policy
Given that the actual policy choice is somewhat normative in nature, outline the policy you would choose to use and justify the policy based on the strengths and weaknesses of your options.
Describe which macroeconomic theory we reviewed you used as a basis to develop your policy.

Please write a short research paper (three pages max) on Alternative Perspectives in Economics.
First, summarize broadly all the six economist groups’ different points of views. Then write, in details, about only one(1) of  the economist groups (feel free to choose any one of the six(6) economist groups)
Group # 1   =  Austrian Economists
Group # 2 =   Institutionalist Economists
Group # 3  =   Radical Economists
Group # 4  =    Feminist Economists
Group # 5  =   Religious Economists
Group # 6   =   Post-Keynesian Economists
You might find some helpful information in these sources.
https://en.wikipedia.org/wiki/Austrian_SchoolLinks to an external site.
https://en.wikipedia.org/wiki/Institutional_economicsLinks to an external site.
http://www.dollarsandsense.org/archives/2004/1104dollar.htmlLinks to an external site.
https://en.wikipedia.org/wiki/Feminist_economicsLinks to an external site.
How Economics Forgot about Women | Katrine Marçal | TEDxYouth@ManchesterLinks to an external site.
https://en.wikipedia.org/wiki/Post-Keynesian_economicsLinks to an external site.

Write a 2700-3000 word essay on this topic – “How have Instagram
influencers within the luxury cosmetics industry influenced consumer engagement
and purchasing behaviours?” … Follow the exact same structure as the sample essay [attached]. Make sure there are at least 20 references and lots of in text citations. I will give more details and sources to help with the essay. 

Why is BRICS important despite possible weaknesses? A perspective from Russia. Global Policy, 12(4), 514-518.
Bratersky, M., & Kutyrev, G. (2019). BRICS and the evolving Russia-India-China security agenda. Strategic Analysis, 43(6), 597-619.
Bindu, S., Sridharan, P., Swain, R. K., & Das, C. P. (2022). Causal linkage between remittances and financial development: Evidence from the BRICS (Brazil, Russia, India, China, and South Africa). Journal of East-West Business, 28(2), 117-149.
Verlaine, M., Shashkova, A., & Kudryashova, E. (2021). Amendments of Russian constitution concerning international law and the BRICS. Revista de Investigações Constitucionais, 7, 337-353.
da SILVA, G. G. (2020). BRICS Development (Brazil, Russia, India, China and South Africa) in Global Political Economic Rules. International Journal of Science and Society, 2(2), 168-175.
Tkachenko, S. L. (2020). brics and Development Alternatives: Russia and China. In Rekindling the Strong State in Russia and China (pp. 271-297). Brill.
Novikov, D., & Skriba, A. (2019). The evolution of Russian strategy towards BRICS. Strategic Analysis, 43(6), 585-596.
Tatuzov, V. (2020). Contemporary global economic crisis: Some conclusions for Russia and BRICS (taking into account Kondratieff long waves). BRICS Journal of Economics, 1(2), 25-40.
Patel, R. J. (2019). BRICS emerging markets linkages: Evidence from the 2008 global financial crisis. The Journal of Private Equity, 22(4), 42-59.

Week Four: Paper Sprint
Hide Assignment Information
Instructions
The paper is done in weekly sprints as it is shown below:
Sprint
Activities
Activity Due Date
Peer Review Due Date
Sprint Week 1
Write an introduction and provide peer review
Saturday week 1
Monday week 2
Sprint Week 2
Identify two peer articles and empirical evidence that support the argument/analysis section
Saturday week 2
Sprint Week 3
Write the entire paper draft and provide peer review
Saturday week 3
Sunday week 3
Sprint Week 4
Write the final paper
Saturday week 4
This week you must submit the revised and final version of your paper.
Step 1: Make sure you consider all comments you received in weeks 1 and 3 from your peers.
Step 2: Do not forget you must follow the precise APA style requested for this paper and specified in the Syllabus section of this course shell.
Step 3: Make sure there is a strong connection between the introduction and conclusion
Step 4: Submit your final paper as an attachment (word or pdf) by Saturday (midnight). I will grade this assignment by Tuesday or Wednesday of the following week.
Step 5: Submit your peer-evaluation and self-evaluation along with your paper. No need for an additional attachment, write your evaluation in the text window (name, number from 0-to-10, one sentence of justification). Read the rubric below to get familiar with the 0-to-10 numbers.
The grading rubric is the following:
The Paper (85%)
The Feedback Quality (15%)
Paper (85 %)
The paper will be graded based on
Grammar, Punctuation and Spelling (8 %)
APA Style for titles, paragraphs and references (8 %)
Clarity of objective, introduction, conclusion and strong connection between the introduction and conclusion (10 %)
Economic analysis using economic principles in the argument section (35 %)
Empirical evidence that supports economic analysis in the argument section (15 %)
Overall quality of conclusion (9 %)
Self Evaluation (5 %)
Give yourself
8 – 10 if you provided feedback in weeks 1 and 3, and the quality of your feedback to the introduction and entire draft of other students were very useful
5 – 7 if you provided feedback in weeks 1 and 3, and the quality of your feedback to the introduction and entire draft of other students were ok
1 – 4 if you provided feedback in one week of two, or the quality of your feedback to both the introduction and entire draft of other students were poor
0 if you failed to provide feedback at all
Peer Evaluation (10 %) (average of points you received in weeks 1 and 3)
Evaluate each feedback your received in weeks 1 and 3. Give each one:
8 – 10 if the quality of the feedback you received from this person was very useful
5 – 7 if the quality of the feedback you received from this person was ok
1 – 4 if the quality of the feedback received from this person was poor
Due on May 4, 2024 11:59 PM
Hide Rubrics
Rubric Name: Rubric for Collaborative Paper
Print
CriteriaExcellentGood
Needs Improvement
Criterion Score
Grammar, Punctuation and Spelling (8%)
8 points
6 points
3 points
Score of Grammar, Punctuation and Spelling (8%),
/ 8
APA-JRIT Style (8%)
8 points
6 points
3 points
Score of APA-JRIT Style (8%),
/ 8
Clarity and connection of intro and conclusion (10%)
10 points
8 points
4 points
Score of Clarity and connection of intro and conclusion (10%),
/ 10
Economic Analysis (35%)
35 points
28 points
14 points
Score of Economic Analysis (35%),
/ 35
Empirical Evidence (15%)
15 points
12 points
6 points
Score of Empirical Evidence (15%),
/ 15
Overall Quality Conclusion (9%)
9 points
7 points
3 points
Score of Overall Quality Conclusion (9%),
/ 9
Self-Evaluation (5%)
5 points
4 points
2 points
Score of Self-Evaluation (5%),
/ 5
Peer Evaluation (10%)
10 points
8 points
4 points
Score of Peer Evaluation (10%),
/ 10
Total

Instead of a final exam in this class, we have a final project that will be completed in two parts. In part A you read a paper, discussed its main parts, and proposed your own research idea based on it. In part B, you are asked to refine your proposal by cleanly presenting your research question, related work, and an experimental design that answers your question. You will not run the experiment or do any data analysis. You may start your work on part B with your proposal for part A and my feedback on it. Some of you have more than others to start your work. If anything is unclear, please feel free to ask any questions.
Instructions:
Please address the following questions to the best of your ability in your own words:
1. [1pt.] Clearly and precisely write down your research question or hypothesis.
2. [1pt.] Motivate your research question. Why is it important?
For the next two questions, you need to read at least 5 papers related to your own question and present their main findings:
3. [1pt.] Create a table with at least five other academic papers related to your own research question. One of these papers can be the paper you read for part A. The table should include the citation (that is, the authors’ names and (year) e.g., Charness and Gneezy (2009)), the method of analysis (lab or field experiment, observational data etc.) and the main result of the paper.
4. [1pt.] Discuss the five papers in the main text. How do these papers inform your own research idea? How is your research idea adding to this line of work? Address your contribution in the field.
5. [1pt.] Explain why you need to run an experiment to investigate your research question.
6. [1pt.] Tie your research question to a behavioral theory.
7. [3pts.] Present your experimental design precisely and clearly.
a. Is it a lab, a field or a lab-on-the-field experiment?
b. In which context would the experiment be performed and why?
c. What is your exact treatment, what is your control?
d. What is the dependent variable? How do you measure it?
e. How are you randomizing the treatment?
f. Describe the size of the sample you need (this could be related to the length of time you
need to perform the experiment) and the control and treatment groups.
g. Is it a between or within-subject design?
h. What is the role of incentives? Do you need incentives here, why or why not?
8. [1pt.] Discuss at least one limitation of your thought experiment. Critically think of your own work. This limitation can be about feasibility, how interesting/important the question is, and/or how much it contributes to the existing literature.
Format [2pts]:
Please write a paper that follows these guidelines:
1. Structure: Do not use the questions above in your answers. Instead, put the answers to
a. b. c. d.
e.
Questions 1, 2, 5, and 6 in a section titled “Introduction”. Questions 3 and 4 in a section titled “Related work”. Question 7 in a section titled “Experimental design”. Question 8 in a section titled “Discussion”.
You can deviate from this structure if it serves the flow of your paper and you do not add the questions I ask to the final product.
“References” should be your last section in the paper. References should include a list of citations you refer to written in the same style (any style just keep it consistent).
2. Do not
3. Make the text flow.
4. Do not add fluff.
5. Justify the text like it is an academic paper.
6. Length: There is no page, word limit or any other length requirement. Just make sure to
address every question in your own words. 2-3 pages could easily cover everything, but it always depends on your unique writing style and layout.
Teamwork: You must work in the same teams you formed for part A. Please let me know if you need to make any urgent changes to your team ASAP. You must also fill in the team rubric (even if you filled it in for part A), submit it with your work on Blackboard and email it to me cc’ing all team members. The rubric is used to ensure accountability between the team members.
Submission: You may submit part B of your project on Blackboard. After submission, you will not be able to make any changes to this part. If you have technical difficulties for whatever reason, please email me ASA
Attached photo some are for the part B instructions we only need part B. Other photos are part A that I previously did 

Week Four: Discussion
Ends May 3
Must post first.
Subscribe
The topics for week 4 follow the format “Topic #.” There are 3 topics.
Participation Rules
Students must post a minimum of 3 entries per week in at least 2 separate days. Notice, that it is not 3 entries per topic, it is 3 entries in total. Do not wait until the last minute to respond to the threaded discussion. Doing it will certainly not benefit the group learning experience.
Content Rules
All entries need to meet the criteria of being content driven, complete, considerate, and 1 idea/1 paragraph: Content Driven – this requirement means that the student actively thinks about the question or position stated and adds value to the discussion. Comments such as “I agree” or “That’s right” are not content driven and will not count as valid entries.
Short but Complete – Limit your posts to 1-2 paragraphs. However, thoughts need to be fully developed to ensure that when other students and the instructor read the comments they are cogent and coherent. This also means that the entries need to be written in proper business communications format. Considerate – The comments are academic discussions not personal attacks. While you are certainly encouraged to express positions that disagree with other’s thinking, your thoughts must be presented as academic alternative positions with justification and examples to support your alternative position. I will indicate to the entire class what comments are personal attacks and these comments will not count as valid entries.
1 idea/1 paragraph – The entire paragraph should present ONE single idea. If you have other idea, that should go in a separate paragraph. Within a paragraph, the 1st sentence reflects the most important message. Following sentences support the idea mentioned in the 1st sentence. The last sentence concludes the idea.
Clearly label the topic (Topic One, Topic Two or Topic Three) you are discussing.
Grading Rules
Threaded discussions start on Monday and end on Friday midnight of each week, and grading will be done on Monday of the next week. However, I will moderate the discussions on Wednesdays and Fridays of each week and give some feedback. In terms of grading, if you post 3 or more entries that meet the previous criteria (Content Driven, Complete and Considerate) you will get 100 points. If you post 2 valid entries, you will get 70 points, and if you post only 1 valid entry, you will get 40 points.
Topic One: Rent Control and Price Ceiling
Go to our Library, Streaming Video Catalog (http://nu.libguides.com/streaming), Films on Demand section and search for Teaching Tools for Microeconomics by John Stossel (the screen you will see is below).
Watch Segment 6. Price Controls: Unintended Consequences (5 minutes) and answer: Would you support rent control in your city? Why?
Topic Two: Black Markets
Tickets to athletic events, concerts and other venues are often resold at higher than original prices. In some states, scalping is outright illegal, while in other states, scalping is legal under certain circumstances.
You may have your own opinion about scalping, and it may be related to moral issues. I would like you to use some of the concepts you have learned in this course to analyze the issue and answer the following questions:
1. Is the original ticket price necessarily an accurate measure of the equilibrium price?
2. Who are the winners and losers in scalping?
Topic Three: News and microeconomics
This week we focused on price controls and the market for labor.
To start this discussion, any student can post a link for a news about a current issue that relates to price controls or labor market. Add a comment to entice others to read your article and participate in the discussion.