DataChoose a topic and hypothesis of your choice, find an appropriate dataset, estimate a regression model, and present your model and results in a short essay. Interpret your model in light of the assumptions you are making when estimating regression models. You can choose any topic or dataset that might interest you. If you need some inspiration, https://ourworldindata.org/ has fascinating long-run datasets, there is also a list of many datase...
The Relationship between Education, Labor Force, and Income1. The amount of education the typical person receives varies substantially among countries. Suppose you were to compare a country with a highly educated labor force and a country with a less educated labor force. Assume that education affects only the level of the efficiency of labor. Also assume that the countries are otherwise the same: they have the same saving rate, the same depre...
Question 1I. Multiple Choice 1. The model of S&D predicts that in equilibrium, making it legal to buy and sell concealed weapons would A. increase price and decrease quantity purchased. B. increase quantity purchased and have an indeterminate effect on price. C. increase quantity purchased and increase price. D. increase price and have an indeterminate effect on quantity purchased. 2. If a person buys 8 packs of cigarettes per ...
Question 1: Managerial Theory and Profit MaximisationAnswer one of the following questions (1,500 words). 1. A fundamental criticism of the traditional theory of the firm is that the decision makers in a firm may not always aim to maximise profits in the first place. Use a managerial theory to explain the reasons why the decision makers may not aim to maximise profits.2. The estimated four-supermarket concentration ratio in the UK was 71.1 per...
Household Budget Constraints and Equilibrium Consumption1. An Uncertainty-Shock-Induced Liquidity Trap Consider a two-period sticky-price economy populated by identical households with preferences defined over consumption in period 1, C1 and consumption in period 2, C2, and described by the utility function ln C1 + βE1 ln C2, where C1 denotes consumption in period 1, C2 denotes consumption in period 2, β = 1/1.1 is a preference par...
Exchange Rate SystemsIn this Assignment, you will compare and contrast the various forms of the Exchange Rate Regimes and their impacts on an economy. You will also discuss the effects of international trade on the U.S. real GDP by evaluating scenarios that will examine the impacts of net exports on the U.S. economy and the components of the GDP. In this Assignment, you will be assessed on the following outcome: Evaluate the effects of globa...
Assignment DescriptionMarket demand represents the sum of the individual demand for a commodity (a good or a service) from buyers in the market. If there are more buyers who are willing and able to pay for a commodity, then market demand at each price level will rise. On the other hand, market supply represents the total quantity of a commodity that producers are willing and able to provide to the buyers at a given price level. Market equilibr...
Part One 1) Jonathan is currently working for a clothing company and earning $20,000 per year. In hopes of raising his future income he is considering quitting his job and returning to school to get his degree. He estimates that tuition and textbooks would cost $4,000/year while all other living expenses would be $8,000/year. Jonathan thus calculates his costs for the first year of college to be $12,000. Was he correct...
Importance of the Agriculture, Forestry and Fishing Support Services Industry to the Australian EconomyThe Australian Agriculture, Forestry and Fishing Support Services industry plays a significant role in the Australian economy. Recently climate change and its impacts have attracted much attention globally. Climate change poses challenges for all sectors of the Australian economy but particularly for those sectors dependent on natural resourc...
Question 1 1. Assume that a business firm finds that its profit is greatest when it produces $140 worth of product X. Suppose also that each of the three techniques shown in the table will produce the desired output. a) Given the factor prices shown, which technique will the firm choose? Why? b) What are the profits/losses in this industry and will the industry expand or contract? c) Suppose a new technique is developed that requires ...
1. Identify and describe theory behind the economic integration including stages of economic integration. Focus on what Hard Brexit means in theoretical terms and describing the latter in details. 2. Identify practical consequences resulting from Hard Brexit. As examples use current EU economic cooperation agreements with third countries. 3. Support your analysis with economic data in different areas like goods, services etc b...
AimThis module aims to enable the students to plan and conduct an extended piece of postgraduate business/management research. On completion of the module you will be able to: 1.Collect, analyse and synthesise data and ideas. 2.Present findings and recommendations in writing that confirms their understanding of the business / management issues under investigation. 3.Address and satisfy their specific research aims and objectives. 4.Op...
Information about the housing market for two bedroom rental units in Vancouver1. You have been given the following information about the housing market for two bedroom rental units in Vancouver: Rent Quantity Demanded &nbs...
In this assignment you will use the World Development Indicators (WDI) database from the World Bank to compute the comparative advantage of two countries in the major sectors of gross domestic product (GDP): agriculture, industry (which includes manufacturing, mining, construction, electricity, and gas), and services. Go to the WDI website at http://wdi.worldbank.org/tables and use the sections on “People” and on the “Ec...
Learning OutcomesThe purpose of this assignment is to reflect, research and explore how the successful business book, The 7 Habits of Highly Effective People by Stephen Covey, is important to becoming a better communicator, leader and employee in the workplace by creating a newsletter that explores the main ideas of the book using a variety of properties common to an internal business newsletter.Learning OutcomesUpon successful completion of thi...