Category: Economics

  • Title: Market Failure and Government Intervention: The Case of Positive Externalities

    Markets are one way of determining what an economy produces, how it produces, and how the products are allocated. Advocates of free markets claim that this approach results in socially optimal outcomes, yet it is commonly accepted that market failure leads to sub-optimal outcomes.
    Select ONE of the drivers of market failure listed below:
    Positive externalities
    Asymmetric information
    Public goods
    Write 600 words (+/- 10%) to address the following points:
    Describe what the chosen term means, give an example, and comment on how prevalent this type of market failure is in the economy.
    Describe what is meant by “socially optimal outcomes” according to microeconomic theory
    Discuss how and why, when this type of market failure exists, the market fails to reach the socially optimal outcome
    Use a supply and demand chart to show 1) the market outcome, 2) the socially optimal outcome, and 3) how they differ in terms of quantities and prices when this type of market failure exists
    Discuss what government interventions can be applied to steer the market towards socially preferable outcomes
    Submission
    Submit your assignment by uploading a PDF document to Moodle by the deadline of June 14.
    Late submissions are penalized at 20% per day or part thereof.
    All papers will be checked for plagiarism using Turnitin, which also detects the use of AI such as ChatGPT. To avoid the consequences of academic misconduct, ensure that your submission is written in your own words and that all of the sources you use are appropriately referenced according to university guidelines (using in-text citations and a bibliography: you can insert the bibliography as an image, so it is excluded from the word count). APA referencing format is preferred, but all mainstream referencing styles are accepted.

  • Title: “Pricing Strategies and Economic Analysis in Healthcare Operations”

    In economics, what conditions must exist for a firm to be able to “price discriminate”? Can you give an example in healthcare for me to understand?
    -and-
    Why are economic analyses of clinical and healthcare operations important? How can a healthcare leader apply this to their operations?

  • Reply to “Balancing Economic Stimulus and Inflation: The Role of the Federal Reserve”

    a classmate wrote this post, you have to reply to it.
    How does the Federal Reserve stimulate the economy? When faced between continued stimulus to stimulate the economy and the potential inflationary pressure of rising oil prices, what can the Fed do and why do you think the Fed should do? Should the Fed aim for zero inflation? Discuss the pros and cons in these aspects.
    The Federal Reserve can stimulate the economy via monetary policy. All they need to do is implement a policy that counteracts the direction the economy is heading.   “In short, there is a decline in overall, or aggregate, demand to which government can respond with a policy that leans against the direction in which the economy is headed. Monetary policy is often that countercyclical tool of choice.” (Mathai, 2021) 
    When balancing the need for continued economic stimulus and the potential inflationary pressures from rising oil prices, the Federal Reserve (Fed) faces a delicate decision. The Fed could take a nuanced approach by maintaining a flexible monetary policy. One option is to continue supporting the economy by quantitative easing and low interest rates, while also being vigilant about inflation indicators. By closely monitoring inflation trends, particularly those driven by volatile oil prices, the Fed can adjust its policies accordingly. Creating a more seamless balance.
    In my view, the Fed should prioritize a balanced approach. My ideal approach would consider both the ongoing need for support and the risks of inflation. Given the current economic uncertainties and the potential for inflation, I believe a cautious and data-driven approach is best.
    The FED should not aim for zero inflation, this would result in a state of deflation in our economy. It should aim to have about a two percent inflation rate.  “A higher inflation rate could prevent the public from making accurate longer-term economic and financial decisions and may entail a variety of costs as described above, while a lower rate might make it harder to prevent the economy from falling into deflation should economic conditions become weak.” (CleavelandFED, 2022)  There are many benefits that come from a small positive inflation rate. It keeps the economy from falling into deflation, and it may improve the labor market efficiency so that employers’ may not need to lower wages when the economy is weak. (CleavelandFED, 2022) This quote in regards to a small positive inflation rate shows why zero inflation is not a realistic choice.

  • Title: Exam Question Analysis and Explanation

    These are two sample exam questions from an exam paper. I would like to have them properly answered with a decent level of explanation so that I can revise properly as I can’t find the answers online.

  • “Individual Solutions for Bond Portfolio Management Problems – Fall 2024”

    Hello,
    This is Bond Portfolio Management Fall 2024
    The
    professor said, You can discuss the problems with classmates, but you
    must submit your individual
    write-up of the solutions. Your solutions on Canvas will check
    plagiarism and AI. Please answer all. I need answers with all the steps; please help with this semester as we did last time.
    Thank you!

  • “Weekly Accomplishments: A Breakdown of My Productivity” Week of [insert date here] Monday: – 8:00am-9:00am: Checked emails and responded to urgent messages – 9:00am-

    I must provide a weekly break down of what i accomplish during the week based on hours.
    I will provide the fully prompt in work document along with a general break down for each response. Writer has creative thought on how they want to write of course. i will give as much information as possible.

  • “Exploring the Fundamentals of GDP and Economic Wealth”

    This discussion is a great opportunity to learn about one of the most fundamental aspects of our economy—the Gross Domestic Product (GDP). The GDP is the total value of final goods and services (output) the economy produces during a given period of time.
    To gain a better understanding of GDP and how countries become wealthy, please review the following informative video.

  • “Data Analysis Assignment: Exploring Trends and Patterns in 2024”

    The assignment is due at 11:59pm on January 22 nd 2024.
    • Late assignment are not accepted.
    • Include your name and student number in your report.
    • Upload your report in the assignment box “Data assign” on Avenue to Learn.
    • The dropbox se�ngs allow you to submit more than once. Only the most recent submission is
    kept.
    • A complete submission requires two files: your assignment report (in PDF format) and the excel
    file showing your calcula�ons and graphs.
    o Not submi�ng your excel file will trigger a 40% penalty.
    o If you only submit an excel file, you will get 0% on the assignment

  • “The Power of Perspective: How Different Sources Shape Economic Discussions and Our Own Opinions” After reading the article promoting raising the minimum wage, I was initially convinced that it was a necessary step to improve the lives of low-wage workers. However, after

    Here are the two websites I assigned for the first discussion assignment:
    http://robertreich.org/post/131476708345 (Links to an external site.)
    https://www.econlib.org/library/Enc/MinimumWages.htmlLinks to an external site.
    The first one promotes raising the minimum wage, the second is critical of raising the minimum wage. I initially gave one page to each half of the class, so you would have different perspectives when commenting.
    For this assignment, I want you to read the “other” article- whichever one you didn’t read first. Then, I want you to post your reaction to it. Have you changed your opinion in any way? How and why? Lastly, how do you think that readings from different sources has shaped online discussions about economic subjects (for example on social media sites like twitter or facebook)? Are we more prone to gaining insight from different perspectives, or are we more prone to arguing among ourselves as a result of having read different sources of information? As with the first discussion, your comments should be in the form of a short essay, about 4 (16-20) paragraphs long.

  • “Regression Analysis: Examining the Relationship between Variables”

    The regression is run and the results are reported. You don’t need the excel file. You are also not expected to discuss the regression results.