22
The Jungle
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Research Methods
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Part A
(1) Quantitative Analysis
-describe the auction results using the tools learned in the Research Methods unit
(2) Qualitative Analysis
Part B
– Consider how a qualitative analysis might enable to contextualise the auction that have been assigned and its results.
– Provide a brief research plan of the qualitative methods to use for further understanding of these auction results and why they were achieved.
Select at least one other auction to compare with the assigned auction and complete the following:
(3) Comparative Analysis
– – – –
Compete Sections 1 and 2 on the subsequent auction(s) as with first auction Analyse and discuss the auctions in relation to each other Consider how findings have changed in the light of the comparative analysis Justify the choices throughout.
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Economics; Coursework
Part B: Quantitative Analysis
Problem # 1: “Population Growth Rate and Real GDP Growth Rate”
a). Complete the following table that will depict population and economic growth rates for Central African country in 1988-2007.
Name of Central African country ______________
Year Population Growth Rate Real GDP Growth Rate
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
b). Calculate the average population and Real GDP growth rates.
c). Define the growth rate of per capita GDP as the difference between the Real GDP growth rate and population growth rate. Then calculate the growth rate of per capita GDP between 1988 and 2007 time period.
d). Plot Real GDP per capita growth over time (1988 – 2007).
Problem # 2: “Macroeconomic Indicators Analysis”
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Topic: Master Plan Evaluation
Order type: Coursework
Provide a 3-5 page general, overall impression of a public Parks and Recreation Master Plan.
Possible topics to include:
– Availability and accessibility of the Master Plan to the public
– Availability and accessibility of the Master Plan to staff
– Presentation/Design of Master Plan
– Organization of Master Plan
– Feasibility for practical use of Master Plan by organization
Critique Expectations.
Address the following issues related to the headings:
1. Describe one item that was done extremely well by the organization. What are the benefits to
completing this section to such a high standard?
2. Describe one item that could use improvement. What did the organization miss out on by
completing this section below standard?
3. Are there any unique items that the organization included in addition to expected items?
4. Are any items missing?
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Topic: Economics 5
Order type: Coursework
answer all questions as labeled and numbered;
Chap 29 QUEST 8 and 15
8. How does technological change benefit firms? Does it benefit workers?
15. Demonstrate how a minimum wage affects the unskilled labor market.
Chap 30 Quests 8 and 15
8. Suppose the price elasticity of demand for stocks is 1.5. This means that for every 10 percent increase in stock prices, the quantity demanded will decline by 15 percent. Does this price elasticity make sense? Explain.
15. What led to the rise in housing prices after 2001? Was this a housing bubble?
Chap 5 Quests 3 and 13
3. Year 1 Year 2
Quantity Price Quantity Price
Oranges 100 $5 150 $5
Pears 100 $3 75 $4
a. What is the growth rate of constant-dollar real GDP using year 1 as the base year?
b. What is the growth rate of constant-dollar real GDP using year 2 as the base year?
13. Why has nominal GDP increased faster than real GDP in the United States over time? What would it mean if an economy had real GDP increasing faster than nominal GDP?
Chap 6 Quests 3, 8 and 15
3. The U.S. dollar price of a Swedish krona changes from $.1572 to $.1730.
a. Has the dollar depreciated or appreciated against the krona?
b. Has the krona appreciated or depreciated against the dollar?
Use the information in the following table on Mexico’s 2007 international transactions to answer exercises 4–6 (the amounts are the U.S. dollar values in millions):
Table
Merchandise exports $271,594
Merchandise imports $281,649
Services exports $ 17,512
Services imports $ 23,784
Income receipts $ 7,972
Income payments $ 26,036
Unilateral transfers $ 24,197
4. What is the balance of trade?
5. What is the current account?
6. Did Mexico become a larger international net debtor during 2007?
8. How did the United States become the world’s largest debtor nation in the 1980s?
15. Use the national income identity GDP = C + I + G + X to explain what a current account deficit (negative net exports) means in terms of domestic spending, production, and borrowing.
Chap 7 Quests 12-13
12. Suppose 500 people were surveyed, and of those 500, 450 were working full time. Of the 50 not working, 10 were full-time college students, 18 were retired, 5 were under 16 years of age, 7 had stopped looking for work because they believed there were no jobs for them, and 10 were actively looking for work.
a. How many of the 500 surveyed are in the labor force?
b. What is the unemployment rate among the 500 surveyed people?
13. Consider the following price information:
Year 1 Year 2
Cup of coffee $ .50 $1.00
Glass of milk $1.00 $2.00
a. Based on the information given, what was the inflation rate between year 1 and year 2?
b. What happened to the price of coffee relative to that of milk between year 1 and year 2?
Chap 11 Quests 7
7. How can a larger government fiscal deficit cause a larger international trade deficit?
Chap 34 Quests 2-6
1. Why must voluntary trade between two countries be mutually beneficial? Use the following table for exercises 2– 6.
Amount of Beef or Computers Produced by One Worker in a Day
Canada Japan
Beef 8 5
Computers 3 4
2. Which country has the absolute advantage in beef production?
3. Which country has the absolute advantage in computer production?
4. Which country has the comparative advantage in beef production?
5. Which country has the comparative advantage in computer production?
6. What are the limits of the terms of trade? Specifically, when is Canada willing to trade with Japan, and when is Japan willing to trade with Canada?
Chap 35 Quests 3 and 9
3. Tariffs and quotas both raise the price of foreign goods to domestic consumers. What is the difference between the effects of a tariff and the effects of a quota on the following?
a. The domestic government
b. Foreign producers
c. Domestic producers
9. How would the effects of international trade on the domestic orange market change if the world price of oranges were above the domestic equilibrium price? Draw a graph to help explain your answer.
Chap 36 Quests 13-15
13. “You are a U.S. importer who buys goods from many different countries. How many U.S. dollars do you need to settle each of the following invoices?
a. 1,000,000 Australian dollars for wool blankets (exchange rate: A$1 = $.769)
b. 500,000 British pounds for dishes (exchange rate: £1 = $1.5855)
c. 100,000 Indian rupees for baskets (exchange rate: Rs1 = $.0602)
d. 350 million Japanese yen for stereo components (exchange rate: ¥1 = $.0069)
e. 825,000 Euros for German wine (exchange rate: E1 = $1.05)
14. What is the dollar value of the invoices in exercise 13 if the dollar:
a. depreciates 10 percent against the Australian dollar
b. appreciates 10 percent against the British pound
c. depreciates 10 percent against the Indian rupee
d. appreciates 20 percent against the Japanese yen
e. depreciates 100 percent against the euro
15. Explain purchasing power parity and why it does not hold perfectly in the real world.
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