Category: Economics

How would you measure the extent to which public policy in a particular country is redistributive? How would you determine whether there is too much, too little or just about the right amount of redistribution in a particular country?

How would you measure the extent to which public policy in a particular country is redistributive? How would you determine whether there is too much, too little or just about the right amount of redistribution in a particular country?

During the pandemic, many people worked from home and decreased activities in the economy. Do you believe this caused an increase in GDP or a decrease? Explain how you reached this conclusion.

In this threaded discussion, complete the following:

Begin your discussion with a definition of Gross Domestic Product. Be sure to include a definition of GDP and a statement of the size of GDP in the most recent year for the United States.

Locate and incorporate outside research that gives evidence and explanation of the value of home production that is not included in GDP. Some areas to research could include watching your own children compared to hiring someone, doing your own lawn care, fixing your own car, doing your own housework, etc.

During the pandemic, many people worked from home and decreased activities in the economy. Do you believe this caused an increase in GDP or a decrease? Explain how you reached this conclusion.

Integrate biblical insights into your discussion thread. In what way does scripture influence our decision to work, either in the marketplace or in home production?

How Limited Edition products and scarcity affect consumer behavior. Write a 2500 word write-up. Should include at least 8 scholarly articles (journals, book chapters, etc.) and 5 popular media articles (newspaper, magazine articles, etc.).

How Limited Edition products and scarcity affect consumer behavior

How Limited Edition products and scarcity affect consumer behavior. Write a 2500 word write-up. Should include at least 8 scholarly articles (journals, book chapters, etc.) and 5 popular media articles (newspaper, magazine articles, etc.). Should include in-text citations as well as a reference list. Citation style must be as per APA style.

What do you think are the possible reasons behind the decrease in the profitability and market share of Jet Airways?The dollar has appreciated consistently versus the Indian Rupee, which is another contributor to the higher fuel prices. To what extent, do you think, does this affect the profitability of Indian aviation firms?

Market Power of the Indian Civil Aviation Market

Questionnaire for Jet Airways Official

What do you think are the possible reasons behind the decrease in the profitability and market share of Jet Airways?

How did the entry of LCC’s in 2005 affect the aviation sector?

Do you think that the entry of LCC’s affected the market share of Jet Airways?

Do you think Jet was able to differentiate its services as a full service carrier as compared to the LCC’s?

Data shows that the aviation tax and hence the aviation fuel price in India is higher as compared to other countries. To what extent, do you think, does this affect the profitability of Indian aviation firms?

The dollar has appreciated consistently versus the Indian Rupee, which is another contributor to the higher fuel prices. To what extent, do you think, does this affect the profitability of Indian aviation firms?

Some experts say that the acquisition of Air Sahara by Jet was at a price that was higher than the price justified? What are your views on the same?

What are your views on the debt levels of Jet? Were they particularly high or low? Were they one of main contributor to the cost of operation for Jet?

According to you, what were the three most important things that caused the shutting down of Jet?

Questionnaire for LCC Official

Why the low cost carriers (LCC’s) called by this name?

How do you differentiate your services from that of the full service carriers (FSC’s)?

Today more than 50% market share is controlled by LCC’s. What do you think are the reasons for the success of LCC’s in general?

What are the specific strategies that are used by your airline to attract customers?

Do you think that the Indian aviation market is very price sensitive?

In continuation to the previous question, do you think that it is challenging for a FSC to operate in this market? If yes, what are the unique challenges faced by them as compared to LCC’s?

Data shows that the aviation tax and hence the aviation fuel price in India is higher as compared to other countries. To what extent, do you think, does this affect the profitability of Indian aviation firms?

The dollar has appreciated consistently versus the Indian Rupee, which is another contributor to the higher fuel prices. To what extent, do you think, does this affect the profitability of Indian aviation firms?

Do you think that the entry of LCC’s affected the market share of Jet Airways?

According to you, what were the three most important things that caused the shutting down of Jet?

After evaluating the characteristic of perfect competition and monopoly, which market structure do you believe is close to the hotel industry in the U.S.?Why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development?

Based on the assigned readings, what is your understanding of perfect competition and monopoly? What the main characteristic of each market structure?

After evaluating the characteristic of perfect competition and monopoly, which market structure do you believe is close to the hotel industry in the U.S.?

Address each of the following based on your knowledge of how firms operate in different markets:

Why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development?

What kinds of costs are involved in making a decision to shut down? – your textbook identifies a specific rule a business needs to follow top make a shutdown decision.

 

 

If you increase production to an infinitely large level, the average variable cost and the average total cost will merge. Why?

Discussion Forum

If you increase production to an infinitely large level, the average variable cost and the average total cost will merge. Why?

Economics 2030 LSU discussion Forum

As we look at the effect of the marginal cost on the average total cost and the average variable cost, the marginal cost curve pulls the other curves (ATC and AVC) closer as the level of output increases by one unit at a time. Assuming this increase continues on for an infinite amount, the curves will eventually be brought together as the output increases. With all curves trending to an upward slope as you continue to increase output, a meeting of the U-shaped curves is inevitable. The upward slope is indicative of the law of diminishing marginal productivity.

If you increase production to an infinitely large level, the average variable cost and the average total cost will merge. Why?

 

How did you alter your spending patterns during this pandemic? Do you expect consumer confidence and business expectations to improve in the months ahead? Utilizing the equation GDP= C+I+G+ (X-M) from Chapter 6 what is your forecast for which way the AD curve will shift between now and the end of 2021? Why?

Math/Physic/Economic/Statistic Problems

#1: Draw and carefully describe a graph that utilizes the Aggregate Demand/Aggregate Supply model that would illustrate the current state of the aggregate economy in the United States as of October 2021. The Aggregate Demand/Aggregate Supply Model is first introduced in Chapter 11 (Links to an external site.) of your text and is further explicated in Chapters 12 and 13. Make sure that you explain your graph in your own words. Illustrate the current state of the economy relative to real potential GDP (Links to an external site.).

How big is the gap between actual and potential real GDP?

For information about how to embed an image in a discussion and reply see: (Links to an external site.)

 

Draw your graph rather than cut and paste from an outside source. Graphs that are simply copy and pasted from other sources including your text will be penalized at least 4 points.

#2: As you have learned consumer expectations (Links to an external site.) are a major driver of the short run path of the economy. Consumer spending account fors about 70% of GDP and consumer confidence (Links to an external site.) is a major factor in shifting Aggregate Demand. Describe how your expectations about the economy have changed because of Covid-19.

How did you alter your spending patterns during this pandemic? Do you expect consumer confidence and business expectations to improve in the months ahead? Utilizing the equation GDP= C+I+G+ (X-M) from Chapter 6 what is your forecast for which way the AD curve will shift between now and the end of 2021? Why?

Here is a figure from your text that you can model and adapt in framing your response:

Macro Equilibrium with recessionary gap from text

In Q3 of 2021 the price level is about 119 with a base year of 2012. Real GDP is about $19.5 trillion and potential real GDP is about $19.8 trillion so there is an output gap of about $300 billion.

Discuss how the utility-maximization model helps highlight the income and substitution effects of a price change.Define and explain the relationship between total utility, marginal utility, and the law of diminishing marginal utility.

After completing this module, you will be able to do the following:

Discuss price elasticity of demand and how it is calculated.

Explain the usefulness of the total revenue test for price elasticity of demand.

List the factors that affect price elasticity of demand and describe some applications of price elasticity of demand.

Describe price elasticity of supply and how it can be applied.

Apply cross elasticity of demand and income elasticity of demand.

Define and explain the relationship between total utility, marginal utility, and the law of diminishing marginal utility.

Describe how rational consumers maximize utility by comparing the marginal utility-to-price ratios of all the products they could possibly purchase.

Explain how a demand curve can be derived by observing the outcomes of price changes in the utility-maximization model.

Discuss how the utility-maximization model helps highlight the income and substitution effects of a price change.

Give examples of several real-world phenomena that can be explained by applying the theory of consumer behavior.

Relate how the indifference curve model of consumer behavior derives demand curves from budget lines, indifference curves, and utility maximization.

Define behavioral economics and explain how it contrasts with neoclassical economics.

Discuss the evidence for the brain being modular, computationally restricted, reliant on heuristics, and prone to various forms of cognitive error.

Relate how prospect theory helps to explain many consumer behaviors, including framing effects, mental accounting, anchoring, loss aversion, and the endowment effect.

Describe how time inconsistency and myopia cause people to make suboptimal long-run decisions. Define fairness and give examples of how it affects behavior in the economy and in the dictator and ultimatum games.