Category: Economics

International Economics

1) Discuss the extent to which factor availability is no longer an effective explanation of the competitiveness of regions or countries.

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29

Construct a portfolio of evidence relating to any two of the following:

1) Economics costs and benefits of EU membership.
2) European Union agricultural policy.
3) European Union social policy.
4) European Union regional policy.
5) European Union environmental policy.
6) European economic and monetary union

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47

Econometrics Question
1. Can money buy a winning baseball team?
To answer this question, download the baseballsalaries.dta dataset from the class website (in the
homework folder). This dataset has the payroll for 30 MLB teams and their regular season
win/loss record. The dataset has 5 variables. The variable team contains the team name,
playoffs is a variable which is 1 if the team made the playoffs and 0 otherwise, payroll is the
amount the team spent on player salaries, and wins and losses count up how many games the
team won and lost during the regular season.
a. What is the average payroll for these thirty teams? (note: the payroll variable is in thousands
of dollars) Is there a lot of variation in payroll or minimal variation in payroll?
b. What is the average percentage of games won by a team?
c. Graph a scatterplot of the team’s winning percentage versus payroll. (hint: type help graph
twoway in Stata).
d. What is the difference in average payroll for teams which make the playoffs compared to
teams which do not? Is this difference (i) large in a real world sense, (ii) statistically significant,
and (iii) likely to be causal?
2. Stock and Watson, exercise E3.1 (the “E” before 3.1 indicates an empirical exercise)

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29

Contextual Matrix
1.Citing both research into ELCC Standard 6.1e and internship experiences, substantively respond to this question:
a.What economic influence has been significant in forming the policies and programs of the school system, and how can a school administrator become involved in the formation and implementation of these practices?.

 

1.Citing both research into ELCC Standard 6 and internship experiences, substantively respond to this question:
a.What governance issues or deliberations at the local school system level participated in, and what were the outcomes?.

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Order type:
Research Paper
Category:
Economics

Preferred language style: English (U.S.)

Review the Health Care Economics Issues HMO Simulation.

Select either Constructit or E-editor to analyze the paper.

Prepare a 1000- to 1250 paper in which presentantion of a profile in a
chosen company including the demographics of the employees, the health
care risk factors (potential areas of high utilization), and the
premiums the company is willing to pay.

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6

To what extent has the significance of political economy for diplomacy changed since 1900?PLACE AN ORDER TODAY AND GET 15% DISCOUNT (CODE GAC 15)

You are required to construct a portfolio of evidence relating to any two of the following:

1) Economics costs and benefits of EU membership.
2) European Union agricultural policy.
3) European Union social policy.
4) European Union regional policy.
5) European Union environmental policy.
6) European economic and monetary union

 

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Please answer these questions:

1. Use the concept of diminishing marginal utility to explain why we would be more likely to see an
all you can eat pizza buffet rather than an all you can carry sunglass "buffet."

2. Explain the concept of utility. How do we measure utility?
3. What do economists mean by "consumer equilibrium?"

4. Supposed the price of bananas is $4 per pound and the price of peaches is $8 per pound. If a person
gets 40 units of added utility from eating the last pound of peaches he consumes, how many utils of
added utility would he have to get from eating the last pound of bananas in order to be in consumer
equilibrium?

5. Welfare programs- the family and the economy. (Discuss this please)

 

 

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Part B: Quantitative Analysis (Show all your work with graphical analysis).
Problem # 1: “Population Growth Rate and Real GDP Growth Rate” (20 points)
Please go to

http://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/Selected_Statistics_African_Countrie

s_2008_Volume_XXVII_01_Full_Report.pdf
(Part II – Country Tables) and complete the following table using your African country data. For

example, the growth rate from 1990 to 1991 is calculated as follows:

Per Capita GDP Growth Rate = per capita GDP1991 – per capita GDP1990
————————————————————–
per capita GDP1990

a). Complete the following table that will depict population and economic growth rates for your

Central African country in 1988-2007.
Name of your 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” (10 points)
Please go to

http://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/Selected_Statistics_African_Countrie

s_2008_Volume_XXVII_01_Full_Report.pdf
and complete the following table using your Central African country data. What have you learned?

Macroeconomic Indicators Measurement Unit 2006 2007

GDP Annual Growth Rate %
Per Capita GDP Annual Growth Rate %
Share of GDP (Agriculture) %
Share of GDP (Industry) %
Share of GDP (Services) %
Household Consumption Expenditure %
Government Consumption Expenditure %
Gross Capital Formation %
Exports of Goods and Services %
Imports of Goods and Services %

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Why do the characteristics of oligopolistic markets create incentives for collusive behaviour?

What do recent cases of collusion investigated by the competition authorities in the UK, EU or

USA tells us about the benefits the companies sought to gain from colluding and the potential

costs of participating in this type of behaviour?

These are some guidelines about the issues to address when writing your essay:

• Explain the key characteristics of an oligopolistic market structure
• Demonstrate why these characteristics provide strong incentives for collusive

behaviour by the firms in this type of market structure
• Provide at least two examples of collusive behaviour from different industries
• For each example: identify the potential benefits to the firms involved of taking part

in the collusive agreement, and assess the potential costs to the firms of participating in

collusive behaviour