Angela Newman

Task: Questions: 1. a. Carefully define the concept of contract curve. Given an economy with two individuals, how can we find its contract curve? Provide an intuition for your answer. (15 marks) b. Discuss the relationships between the concepts of Pareto efficiency, general competitive equilibrium, and equity in an economy. You may use an appropriate graph to help your discussion. (20 marks) c. What is the condition characterizing a general competitive equilibrium with production? Explain, bo...

Task: Task 1: Using economics theories from Krugman & Wells (2017), explain supply and demand principles applied to the UK food supply in 2020. Support your explanation of the economic concepts by providing basic supply and demand graphs, with analysis applied to the UK foodsupply. Include relevant examples and references from the UK food supply market and UK news in 2020 to support your explanations. Task 2: Discuss the economic principle of market failure and government intervention in t...

You only submit research idea that is related to international trade, for obvious reasons. Mini research proposal will be at most 250 words (excluding references). They will feature the following things: A brief description of your research idea Explanation of how it relates to prior literature and what your idea might contribute to this literature A description of the methods to be used A description (brief) of the data you are thinking of using Quality of the Research Idea (10%...

Project BackgroundStory of Scotch  Extract taken from the Scotch Whisky Association web page. Scotch Whisky must, by law, be distilled and matured in Scotland in oak casks for at least three years and bottled at a minimum alcoholic strength of 40% abv. The robust legal protection of Scotch  vital to safeguard a spirit globally renowned for its quality has grown over time. `The first definition of Scotch in UK law was secured by 1933, with a dedicated Scotch Whisky Act in 1988 an...