Please find the attached and answer the questions, essay shall be as follow:
* Introduction
* Explain and defined all key terms using credible sources.
* Used the correct formulas for the calculations and arrived at the correct answer. * discussed the answers and explained them with the help of graphs
* Give a graft, label the axes properly and identify all the curves
* Covered all the concepts of each question, and provided a detailed explanation of consumption function, unemployment as an economic problem and economic stability in a countrys economy
* Give a brief description of the changes and outcomes as indicated by the graft.
* Overall organization and appearance of answers.
* Conclusion
Category: Economics
please answer each question in 3 pages long and cite the sources in Apa format
1) Using the Aggregate Production/Aggregate Expenditure model, show how Keynesian policy might be used to correct for a recessionary gap of 22,000 units assuming a marginal propensity to consume of .65. What are the real-world hazards of undertaking this sort of policy? What would the neoclassical critique be of such a policy? Use graphs and show your mathematical work.
2) Compare and contrast the “pre-analytic visions” of Marx, Smith, Ricardo and Keynes. How does each vision influence their final model and ultimately their policy recommendations?
3) Discuss the evolution of Classical Economics into what we see today as Neo-Classical Economics (Friedman and Lucas). Compare and contrast Smith, Ricardo,Friedman, and Lucas. What is the role of rationality and exchange and expectations in each theory?
4) Using an Aggregate Supply/Aggregate Demand model, illustrate the differences between Keynesian, Monetarist, and Neoclassical models with particular emphasis on the efficacy of macroeconomic policy.
5) Is there a trade-off between unemployment and inflation in the Keynesian mindset? What about for Lucas or Friedman? Use graphs in each case.
You will find a newspaper article related to economic issues, and write a three paragraph review of the article. The first paragraph is a summary of the article. The second paragraph is an analysis of the economic reasoning in the article. This paragraph should describe the cause and effect relationships that the article mentions or implies and should evaluate whether those cause and effect relationships are true, on the basis of economic principles. The third paragraph will answer the question “What did you learn from reading this article?”
To be judged satisfactory: (1) The title, publication, and author must be listed in the first sentence of the review, AND (2) The review must contain two paragraphs, AND (3) The first paragraph must summarize the article, and be at least 5 sentences long, AND (4) The second paragraph must describe and evaluate at least one cause and effect relationship suggested in the article, and be at least 5 sentences long, AND (5) The third paragraph must answer the question “What did you learn from reading this article?”, and be at least 5 sentences long.
Aggregate expenditure is the total amount of spending in the economy that determines the level of the GDP. Components of aggregate expenditure are autonomous expenditure, planned private investments, government expenditure, and net exports. When autonomous expenditure increases or decreases, it has a multiplied effect on the GDP.
Referring to the 10-year historical period that you chose for your final project, discuss an example of a change in autonomous spending. Research a government policy implemented during that time and discuss the multiplier effect it had on the economy.
I choose Decade 2000 to 2010
1. Identify a government policy that would have changed government spending during your time period.
This can be a fiscal policy – a change in tax rules or government spending rules that would have had a multiplier effect.
o This can include changes to transfer payments, also known as social welfare programs.
Identify the specific policy that changed spending, did spending increase or decrease? By how much?
One resource that I recommend is The Balance https://www.thebalance.com/ use the search feature to identify policies in your time period. The information is relatively easy to digest from this source.
2. Explain the multiplier process. How did this initial change in government spending or taxation rule affect the economy through the multiplier process? For this, you will need to refer back to what the multiplier process is.
Information: The aggregate demand and aggregate supply (AD/AS) model is based on the demand and supply model studied in Module One. The AD/AS model shifts the focus from the demand and supply of individual firms or industries to the aggregate demand and aggregate supply for all goods and services produced in a country.
Aggregate demand is total expenditure of a country in terms of consumption, government spending, investment, and net exports. Aggregate supply is all that is produced and, in the model, is distinguished by short-run aggregate supply (SRAS) and long-run aggregate supply (LRAS).
The AD/AS model is fundamental to the study of macroeconomics, as it is used to study the conditions of our economy and also to forecast the effects of government policies.
The 20072009 recession is a primary example of how government policies were implemented to correct the economy by causing aggregate demand to shift back to full employment equilibrium. By passing the stimulus spending (American Recovery and Reinvestment Act), the government attempted to spur economic growth by boosting consumption and investments. A stimulus package would have the specific purpose of boosting aggregate demand in line with Keynesian economists who believe in government intervention to get the economy back in equilibrium (Coy, 2014).
The contrasting classical economists on the other hand have a laissez-faire approach. They believe that the economy should self-adjust with no external intervention, and it will eventually return to full employment equilibrium. The controversy between the two economic theories, both boasting distinguished economists and followers, continues to this day (Koehn, 2011)
Summarize the article, what the author is trying to convey.
Introduce, The main idea, what is the issue? The author point of view, his opinion. And Ended by providing your opinion. With some data/ hard information.
Remember to provide reference, minimum 3. Essay in APA Format/ Font 12 Times New Roman
Summarize the article, what the author is trying to convey.
Introduce, The main idea, what is the issue? The author point of view, his opinion. And Ended by providing your opinion. With some data/ hard information.
Remember to provide reference, minimum 3.
Essay in APA Format/ Font 12 Times New Roman
This paper needs to be an economic market report, this needs to be based on the uk road transport fuel market. I have attached a guideline with more information and resources to use. Please understand this is a Masters level piece of work . It needs someone with understanding in Business Economics and Market analysis. It also needs someone who can deliver a quality piece of work within the 2 days period. If your uncertain about the guideline provided please do not hesitate to ask. Please follow the guideline carefully
Read Chapters 23, 32 and 33 from Henry George’s book, Progress and Poverty.
You can find the entire book at http://www.henrygeorge.org/pcontents.htm
After you finish reading it answer the following question: What is Henry Georges solution to the problem of growing inequality as a result of increased productivity?
You are an economist for the Vanda-Laye Corporation, which produces and distributes outdoor cooking supplies. The company has come under new ownership and
management and will be undergoing changes in its product lines and operating structure. As an economist, your responsibilities include examining the market factors that affect success or failure of a product, including the supply and demand for the product, market conditions, and the behavior of competitors with similar products.
The new owners are evaluating the operating structure, and you have two possible alternatives. One alternative requires a high level of investment in fixed costs compared to the other alternative. Jorge, your supervisor, has assigned you the task of evaluating the two alternatives.
Assume that the company has no debt. Regardless of the alternative selected, market conditions will require the selling price of the product to be $3.45 per unit. The details for each alternative are given in the table.
Alternative 1 Alternative 2
Variable costs $2.20 $2.70
Fixed costs $80,000 $30,000
Total assets $350,000 $350,000
Tasks:
Jorge has asked you to provide detailed responses to the following questions:
Analyze how the CVP analysis helps management in the planning stage of a new business.
What is the break-even quantity for each of the investment alternatives?
Analyze the breakeven differences between the two alternatives. What does the breakeven quantity tell you?
Which alternative would you recommend to the company? Explain the pros and cons of each alternative and the reasons for your selection.
You are the new owner of Vanda-Laye Corporation. You are interested in your company’s cost and revenue relationships as well as its future pricing strategies.
Tasks:
Analyze how the Utility Theory can help you determine pricing as you make changes to the companies pricing strategies.
Evaluate what information is needed to assess the companys cost and revenue relationship. What does this information tell you about the company?
Explain the impact supply and demand has on the companys pricing strategy.
