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Gross Domestic Product (GDP) is the broadest measure of output for an economy. However, GDP does not perfectly measure the well-being of a nation and its citizens’ welfare. Discuss what GDP is and what it measures. Discuss what the shortcomings (limitations) of GDP as a measure of well-being and welfare of a nation are.
According to the Wall Street Journal, U.S. inflation hit a three-decade high in October, delivering widespread and sizable price increases to households for everything from groceries to cars due to persistent supply shortages and strong consumer demand. The Labor Department said the consumer-price index—which measures what consumers pay for goods and services—increased in October by 6.2% from a year ago. That was the fastest 12-month pace since 1990 and the fifth straight month of inflation above 5%.
Describe the factors causing inflation in 1990 and in today’s economy.
Based on your research, what impact does inflation have on global markets?
The paper should include the following:
Introduction, body( results, major points, supporting evidence) , conclusion
2 page minimum
Times New Roman, 12pt font
What are the issues that international firm will face in terms of return, dividends etc. with respect to mainly currency devaluation then other factors.
How to mitigate/ minimize the effect of devaluation of currency currently from international firm point of view.
How would the firm it self locally mitigate the issue, would increasing % of exports, will it help? And how, what other methods can be used to tackle this issue.
How to retain employees generally and when operating in deserted location (plans, procedures real examples)
How to attract talented employees and retain them.
How to manage change and enforce it, step by step guide and identify key personnel.
What are the effects of political unrest for international firms operating in high risk areas, how to mitigate or minimize the impact.
First, explain the concept of the money multiplier. Then from the information that the narrow money supply (M1) in a hypothetical Canadian economy [with a competitive banking system in which banks produce only demand deposits] is $1750 million,and the idle excess reserves drain coefficient (e) is 3%, the desired cash reserve ratio (r) for demand deposits is 8%, and the currency/deposit ratio (c) is 30%, apply the multiplier model discussed in class or chapter 15 of the textbook to determine and calculate:
The equilibrium level of the monetary base (MB); (ii) the equilibrium level of demand [chequable] deposits (D); (iii) the total amount of cash reserves held by banks (BCR), the amount of currency (C) held by the non-bank public; (iv) the amount of bank loans (BL) and ( v ) the values of the deposit multiplier (dm) and the money multiplier (mm). Lastly, (vi) Use diagrams to ILLUSTRATE your answers, where necessary. (10 marks)
If the economy, however, faces a situation of inflationary pressures, and the monetary authorities implement a macroeconomic policy package (consisting of both contractionary monetary policy and contractionary fiscal policy) to respectively decrease the monetary base by 25% and increase taxes which, in turn, causes the currency/deposit ratio to increase by 25%. Other things being equal, (i) calculate the percentage change in the equilibrium level of the money supply after the total policy change and illustrate your answer with an appropriate diagram.
arks)
. Now, assume that the money demand function in the above economy stays the same after the policy change. (ii) What is the expected short-run effect of the total change in the money supply on the equilibrium interest rate of this economy? Explain carefully and illustrate with appropriate diagram(s); (iii) what is the expected short-run effect on the equilibrium levels of income, employment, and the domestic exchange rate? Explain carefully and use diagrams to illustrate your answers, where necessary. (5 marks).
If you were an economic advisor, what policy package would you have INSTEAD recommended to deal with the macroeconomic problem stated in the above question? Explain and DEFEND your answer.
(5 marks)
Imagine an economy made up of the people and commodities in the Table 1 below. Each column refers to the commodity listed at the top and each row to the person listed at the left. A positive entry indicates the number of units of the commodity that someone has and is willing to sell. A negative entry indicates the number of units of the commodity that the person wants to buy. Each of these entries refers either to the quantities supplied or demanded given a price of ten dollars per unit of each commodity. For example, Elizabeth has two bushels of potatoes to sell. She wants to buy two hours of child guidance services for her daughter.
Table 1: A hypothetical 331 economy
Potatoes Dance Lessons Child guidance
Elizabeth, the potato farmer +2 0 -2
Anthony, the dance instructor -2 +2 0
Hassan, the child psychologist 0 -2 +2
Notice that all the rows and columns add up to zero. That means we have an equilibrium price system. Each person is able to trade for what is wanted and the quantities demanded and supplied are equal at the given prices.
Assume Elizabeth has twenty dollars. Construct a set of money-using trades that clears the market. . Comment on your answer.
Construct a set of barter or indirect barter transactions that clears the market. Hint: Remember that services such as dance lessons or child guidance cannot be passed through an intermediary. Comment on your answer.
(15 marks)
Suppose mortgage rates rise from 5% to 10% but the expected rate of increase in housing prices rises from 2% to 9%, justify whether people would be more or less likely to buy a house? Explain carefully. (5 marks)
How does the US Government pay for most public goods and services?
What is the relationship between opportunity costs and trade-offs?
What makes an economic decision rational?
What is the difference between a change in supply and demand and a change in quantity supplied and demanded?
What groups of people are helped by inflation?
What groups of people are hurt by inflation?
What are the different types of unemployment?
What types of things are not included in GDP?
What are the safest financial assets?
What is the relationship between risk and reward?
What types of things go into determining your creditworthiness?
The relationship between economic growth and military spending in the UK:Discuss?
Define Microeconomics, the economic concepts presented in the course, and describe at least three (3) fundamental economic questions that all economies must decide.
What is the current situation of DCEP AND LIBRA; what is the new view of this paper.
Methods? (if need )
Analysis the impact on financial marketing( global financial marketing，GVC etc)
Is a chance or challenge for CNY to be globalization?
Any suggestion and limitations
Conclusion
Reference
Are companies today focused in improving the quality of lives of consumers, workers, and the communities where they operate?
What would be some indications that they are, and some indications that they are not? In particular, what have publicly-traded companies done with their profits in the past few decades, and why does this matter in terms of our living standards? Where do you stand on the debate about the purpose of a company?
The prices of insulin in the U.S. reveal signs of being arbitrarily higher than they should. Why has insulin become so expensive? What problems would Charles Lindblom identify in the insulin industry? What are insulin patients doing in response to high insulin prices? How could governments or the market fix this issue?
What do social scientists mean by “deep poverty”? What are some ways of measuring deep poverty and what are some recent trends in deep poverty in the U.S.?
What groups are affected by deep poverty the most? What are some of the survival strategies employed by people in deep poverty? What are your thoughts on the deep poverty situation in America?An expert panel from the National Academies has estimated that child poverty in 2015 was 13% using the Supplemental Poverty Measure (SPM), and that child poverty rate for the same year was 20% according to the Official Poverty Measure (OPM).
What explains the differences in these measurements and what do you think about these differences? Also, the expert panel has proposed expansions of the safety net that can cut the 13% child poverty rate in half. Some of these expansions were implemented in the American Rescue Plan, yet there is still a case against a permanent expansion. What are some of the arguments regarding the expansion of the safety net? Where do you stand on this matter?
The materials that we read in class cover these topics – you won’t need to review the report by the expert panel)
One of the economic results of the Covid-19 pandemic has been a labor shortage. How do we know that there is a shortage of workers? What sectors in the economy are undergoing this shortage?
What are some of the possible causes of the shortage? What do you think about David Autors’ arguments about the consequences of higher wages?
Why is it important to consider the wealth gap between black and white Americans in economic terms and in historical perspective? What are some of the causes of the wealth gap, and why is land so important to the wealth gap? What could be done to overcome the racial wealth gap?
Explain which topic covered in the course applies to each article, and (3) provide your reaction to the article based on what you have learned in our course. For example, you should be able to show first what the article indicates was the cause and whether you agree. A paragraph for each article
