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Accessing the Data1.Start at the FRED website To begin looking at employment data, click on the categories tab. 2.Under the Population, Employment & Labor Markets category, choose the Current Population Survey (Household Survey) link. The number in parentheses after each category listed indicates how many series are available in that category.3.Here you will see a list of possible data series. Data are sorted initially by popularity. They ca...
Fastest-growing economy across CanadaSaskatoon: Canada’s Fastest Growing Economy. The City of Saskatoon is favoured once again to be one of the fastest-growing economies across Canada, according to a 2013 The Conference Board of Canada report.50 The report is the Conference Board’s annual review of 28 metropolitan areas in Canada. The expanding job market in Saskatoon is attracting both domestic and foreign applicants, which are ...
Read relevant chapters from the textbook and at least two selected articles for each of the selected questions. In addition make use of other high quality sources but only make limited use of other resources such as Wikipedia. You should only make limited use of this source as a reference source or for quotations. Requirements Professional writing with appropriate structure and the absence of typographical and presentation errors. You shoul...
Parameters involvedSuppose a representative household’s expected utility function is given by:The utility function depends on the expected discounted sum of consumption and leisure, and is hours worked in “market activities”. The expectations operator is E, and the discount rate is which specifies the degree of patience. A high value means more patience for consumption and leisure. The parameter is and denotes the valu...
Youth Employment in Canada1.This question asks that you download data from Statistics Canada’s CANSIM database that is available online. Please find instructions at the end of this assignment about how to access and download the time series data. The questions below relate to the information featured in the chart that you will create in Excel. This problem looks at the Canadian youth population, aged 15-24. This group includes non-stude...
1. The data below show the relationship between number of workers hired and cost and revenue for a small, competitive farm in Alberta. Number of workers Wage Price Output Marginal product of labour Value of marginal product of labour Marginal profit 0 $170 $5 0 1 $170 $5 70 2 ...
Overview of the ProjectThis project involves choosing product market(s) for your project analysis, using microeconomics concepts discussed in Lectures 1 to 5. The product or service market can be either general or specific, local or international. Some examples of product or service market: • Smartphones (general)• Apple iphone (specific brand in the smartphone market)• Starbuck Coffee in China (local, specific to a country)&bu...
Summary of Relevant Newspaper Article1. Macroeconomics events occur around us every day. This assignment aims to provide association between what you learn from economic models and concepts in class with real—life events happening around you.2. Search through newspapers for ONE article that is relevant to the economics concepts discussed in class. This article will provide the focus of your discussion. You are also required to attach this ...
TOPICS 1. The first topic is concerned with the POLICY DILEMMA FACING CENTRAL BANKS around the world, should they tighten, loosen or leave alone monetary policy? What are the main features of the economic environment faced by central banks? How are the major central banks responding in terms of the policy tools they have available to them? What have been the outcomes of monetary policy over the last five years? Evaluation covers t...
TOPICS 1. The first topic is concerned with the POLICY DILEMMA FACING CENTRAL BANKS around the world, should they tighten, loosen or leave alone monetary policy? What are the main features of the economic environment faced by central banks? How are the major central banks responding in terms of the policy tools they have available to them? What have been the outcomes of monetary policy over the last five years? Evaluation covers t...
Market for paper in Athabasca1.Suppose the market for paper in the town of Athabasca has the following cost functions:Demand = (P) = 250 – 3QPrivate MC = 35 +2Qandthe marginal external cost associated with the paper production is given by the expression: MEC = 5 + Q a.If the above market is competitive, calculate the socially efficient levels of output and price.b.Now, if the firm is operating as a monopoly, calculate the level of output. ...
Coursework assessment guidelines and instructions on RevisionMateCoursework submission rules and important notes Before you start your assignment, it is essential that you familiarise yourself with the Coursework assessment guidelines and instructions available on Revision Mate. This includes the following information: • These questions must not be provided to, or discussed with, any other person regardless of whether they are another c...
Microeconomics vs MacroeconomicsIn this Assignment, you will be assessed on the following outcome: Evaluate opportunity costs in the business decision-making process. 1. Analyze whether each of the following is primarily a microeconomic or macroeconomic issue. Briefly explain your answers. i.Setting the price for a cup of coffee. ii.Measuring the impact of tax policies on total household spending in the economy. iii.A household&rsqu...
Understanding the Liquidity FunctionChapter 11 1) The Liquidity Function is given by L(Y,i) = Y1/3/(10i).5 . The real interest rate is 4%, the expected rate of inflation is 2.4%, the price level is 4 and the nominal money supply is 50. a) What is the equilibrium level of real GDP in the economy. b) What is the level of velocity in the economy (velocity is the average number of times a unit of currency is used in transactions in the economy. I...
Analysis of UK Real GDP and Tourism DataThe file ‘TS CWK 2020 DATA 1.xlsx’ contains the quarterly data on UK real GDP (RGDP, £m, seasonally adjusted) from 1986 Q1 to 2019 Q3; outbound tourist visits from the UK to overseas destinations (UKTOUR), and inbound tourist visits to the UK from overseas (OSVISIT) from 1986 Q1 to 2018 Q4 (both variables in thousands, seasonally adjusted). a. Given that you may wish to consider elasti...
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