Category: Economics

Read the introduction (no need to read further) to the paper by Greenstone, Hornbeck & Moretti, Identifying Agglomeration Spillovers: Evidence from Winners and Losers of Large Plant Openings, published in the Journal of Political Economy in 2010.

It can be found here: https://eml.berkeley.edu//~moretti/mdp2.pdf

The authors compare two different types of counties in this paper to test whether or not the opening of a plant increases total factor productivity (TFP) of existing (incumbent) firms. In your own words, explain the difference between the two types of counties and how the authors selected them?

PS: It’s unnecessary to read slides and notes unless you need extra information.

https://www.inverse.com/article/58495-solar-energy-prices-hit-tipping-point-as-china-reaches-grid-parity

Create a paper in the form of an APA formatted article that addresses the following questions. Please use apply concepts and theories learned from the textbook ch 5 and 6 to support your ideas, including at least 1 intext citation.
o    What are the changes related to production that might have reduced the cost of solar energy and made it into a more affordable source of energy? 
o    Renewable energy is cleaner for our planet.  Yet, when businesses or individuals make a decision in terms of solar vs. traditional energy, all they care is direct cost and product prices, hence totally ignoring costs on society and environment. 
    Is there a way for the free markets to solve this social cost problem? 
    Do you think policymakers can help alleviate the problem by setting rules?  Explain.
    Explain the type of policies that can be implemented.
o    Compare and contrast energy from solar or renewable vs. (ii) fossil fuels in terms of marginal and fixed costs.  How do these costs factor into the prices we observe in the marketplace? Explain.

Choose a country, other than the United States, that you are interested in and write an essay on that country’s place in the world economy. The paper must include (but doesn’t have to be limited to) answers to the following questions:
1. What are the country major exports and imports?
2. Does the country have any factors of production in relative abundance (like cheap labor or natural resources) and what are its areas of comparative advantage?
3. Which major trade theory(ies) best explains the trade pattern of this country?
4. What is its policy regarding tariffs and other trade restrictions?
5. Is it a member of any international trade/financial organizations?
6. What is its currency regime and its relationship with the international financial institutions?
A more detailed discussion of the issues you need to address in your paper will take place in class.
Your final paper must be typed and be a minimum of 8 double-spaced pages and the maximum of 12 double-spaced pages, not including the cover page, appendices, and bibliography.  The font size must be 12, the page margins not greater than one inch, and the pages must be numbered (do not number the cover page).  If you decide to include any charts, diagrams, or tables, they must be placed at the end of your paper in an appendix (before the bibliography) and appropriately referenced within the paper. You are expected to use at least 8 references for your paper. 
Some useful sources of data and country specific information:
1.    CIA World Factbook
https://www.cia.gov/library/publications/the-world-factbook/index.html
2.    The World Bank (Two links: Data and Research and Countries and Regions)
http://www.worldbank.org/
3.    World Development Indicators (new version)
http://databank.worldbank.org/data/home.aspx
Format of Paper 
The paper must have the following format:
1.    Cover Page:  Title, Name, Date, etc.
2.    Body of Paper: Make sure you have an introduction and a conclusion to the paper.
3.    Appendices:  If you have any charts, tables, etc., place them here.
4.    Bibliography:  A Listing of all the sources you have used in writing your paper.

Experiences:
Development bank
Internship during the summer as a quality manager in a jewelry factory + accounting
I like going to michelin-star restaurants to see quality and how managers conduct their business at high-class establishments
My aspiration is to open hotels and restaurants in the future with my dad to diversify his business, jewelry business Bright Future Gems
Play for my rugby team
I like watching documentaries and immersing myself in different cultures
Foodie
Worked with a few managers at my dads business and the company I worked at during the summer so I know the basics of management
While working in the business Diacraft I was able to learn how to do accounting as I was imputing the businesses ledgers into their accounting software and was working with their accountant to regulate their business expenses and make sure that there arent any differences in between the hard copies and soft copies of the ledgers
Learn how to do inventory management as the good were costing upward of $50000 a small mistake could lead to large amounts of money lost
Worked as a marketing manager for one of the businesses subsidiary rewa jewelry which made me in charge of their social media presence, logo, and their online catalogue and selling
Did muay thai

Reasons i want to do economics and business economics
I want to work on my family business in the future and a economics degreee is good as it will teach me more about how markets function and fluctuate
The future job prospects in the case that i want to work in the future will be brigt as economics is a very sought after degree for companies
The degree with the second highest paid jobs right before medical degree
Economics will give me a deeper understanding of the world than any other degree allowing me to apply my knowledge in multiple feilds and become more knowledgeable person
Allow me to become better at reasoning and analyse situations from different perspectives allowing me to think things through better in the case of things like making decisions in business as i am able to process things about both in the long term and the short term and allow me to see which options can possibly benefit me more. May allow me to see the bigger picture about things
My ability to write reports and analyse things will make me more suitable to work in high prospect jobs

Imagine the oil price will keep declining for the next 5 years (until 2023). Lets assume that the average price will be $ 30 with average production of 10 million barrels daily for the next 5 years. Each year starting from the next year will have different government expenditure while the revenue will be the same for the 5 years. As economist you need to think how this shock can affect the whole economic growth for the next 5 years including: 1) the fiscal sector, 2) inflation (domestic prices) and unemployment, 3) monetary and financial sector, 4) external sector (Balance of Payments), 5) the exchange rate, 6) and the social reaction in general after all the negative or positive impacts.

Please write a policy note/analysis discussing the 6 macroeconomic elements. Please include supportive graphs and tables to deliver a clear message. Please cite your work

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 2 or 3.