Category: Economics

International Trade and protectionism
First watch the following video: https://mru.org/courses/principles-economics-microeconomics/tariffs-quotas-protectionism-definition and then practice what you have learned here (https://mru.org/teacher-resources/active-learning/winners-and-losers-international-trade-interactive-practice?utm_source=MRUProfs&utm_medium=Monthly&utm_campaign=MRUEmail&utm_content=Feb22-Image). then Go to the internet and find a news article published within the last month that discusses a example of a protectionist trade policy (tariff or quota) in the economy using proper economic terminology learned from the video, summarize key points and post in this Discussions area. In your post discuss the following:
– the type of policy (import tariff or import quota)
– the change that policy is causing in the market in terms of price and quantity demanded/supplied
– the impact of that policy in the economy and market (s) – the impact can be positive or negative – think about who is being affected by those policies in terms of buyers, sellers, government, workers, etc. Also, think about the inefficiency it’s causing in the economy and how it is affecting the overall system (use surplus terminology).
– Post the link of the article you find.
The article you choose may not use these exact terms; therefore, it is incumbent upon you to convert the article language into economic language as is appropriate.
Please note that the goal of this discussion is to read, understand, and discuss recent news using microeconomic terminology. The article should be from an on-line newspaper or magazine from the last two years. Materials posted on educational websites, like www.thebalance.com, www.khanacademy.org , and so on, are not considered news articles even if they were recently updated and contain material related to the discussion topic.
Reflection –you also should include a paragraph in the initial response in your own words, using microeconomic terminology, reflecting on specifically what you learned from the assignment and how you think you could apply what you learned in the workplace.

Explain Principal-Agent relationship
Discuss the issues arising from the separation of ownership and control
Discuss potential mechanisms for addressing such issues and potential conflicts

The Bible holds an abundance of teachings directly applicable to our lives. For the student of economics, the Bible holds many truths and guidance related to money and the use of our limited resources. For this project, you will analyze two scriipture verses and apply the biblical teachings from these verses to economic principles. To complete the project, follow the steps below. Your answers to the questions listed in these steps will be recorded in the charts at the end of the document. Step 1: Select three verses of scriipture related to the topic of money. You may use the list below or find your own. Verses Matthew 6:31-33 2 Corinthians 9:7
Luke 12:15 Proverbs 28:22
Philippians 4:19 Proverbs 13:18
Proverbs 11:24 Proverbs 22:7
Romans 13:8 Leviticus 27:32
Step 2: Type out the verse in the first row of the Verse Analysis #1 chart below. This should not be copied and pasted.
Step 3: In the second row of the Verse Analysis #1 chart, explain the meaning of the verse in your own words. Step 4: Determine which economic principle relates to the verse you selected. You can use the principles listed below for ideas, or you can explain another principle you researched on your own. Record which principle you selected in the Verse Analysis #1 chart. Economic Principle
giving spirit tithe debt greed hard work wants & needs
prosperity discipline Step 5: Explain, in your own words, why this economic principle is important for the Christian student to understand. Record your response in the chart below.
• Make sure that you support your argument with biblical evidence. Step 6: In the final row of the chart, record a real-world example of how this principle has applied in your own life, or in the life of somebody you know. Step 7: Complete the second chart, Verse Analysis #2, using a different verse. It is possible for the same economic principle to apply to more than one verse. Step 8: Include a work cited page at the end of the project and include citations for any source you used to gather information for this project. (You can use the Knight Cite Website to help generate correctly formatted MLA citations. You can also get MLA formatting help from your teacher.)
The bible verses you used must also be cited. If you have questions about how to cite the bible, you can use the information on this Cite the Bible resource. You will be graded according to the rubric below. After you have submitted your

Consider how health insurance affects the quantity of healthcare services performed. Suppose that the typical medical procedure has a cost of $100, yet a person with health insurance pays only $20 out of pocket. Her insurance company pays the remaining $80. (The insurance company recoups the $80 through premiums, but the premium a person pays does not depend on how many procedures that person chooses to undertake.)
Draw the demand curve in the market for medical care. (In your diagram, the horizontal axis should represent the number of medical procedures.) Show the quantity of procedures demanded if each procedure has a price of $100.
On your diagram, show the quantity of procedures demanded if consumers pay only $20 per procedure. If the cost of each procedure to society is truly $100, and if individuals have health insurance as described above, will the number of procedures performed maximize total surplus? Explain.
Economists often blame the health insurance system for excessive use of medical care. Given your analysis, why might the use of care be viewed as “excessive”? What sort of policies might prevent this excessive use?

1. What are the three prices of money? To what purposes is each ideally put?
2. How does this multi-dimensional aspect of the money supply impede our capacity to manipulate it to achieve policy goals?
3. How do increases and decreases in money supply impact key economic variables?
4. Clarify the difference between nominal and real value. Illustrate the connection between nominal growth, real growth, and inflation.
5. What is an exchange rate and what is a real exchange rate? Why and how do each matter?
6. What is the fundamental idea of the Phillips’ Curve?
7. What are the primary tools of monetary policy? What are the pitfalls in their use?

Discuss the “currency exchange system” of your chosen country. Mention the current exchange rate vs. US dollars, and the difference in this exchange rate from 6 months ago. Look into the reason(s) why the exchange rate changed and the consequences of such change. Minimum of 300 words, include related graphics and supporting references. *I prefer non-text references**

There are three broad categories of exchange rate systems. In one system, exchange rates are set purely by private market forces with no government involvement. Values change constantly as the demand for and supply of currencies fluctuate. In another system, currency values are allowed to change, but governments participate in currency markets in an effort to influence those values. Finally, governments may seek to fix the values of their currencies, either through participation in the market or through regulatory policy.
**TODO – Discuss the pro/cons of each of these currency exchange systems which “system” do you prefer & why?**
Minimum of 3 paragraphs, include related graphics & two non-textbook references.

1. Discussion Question
In Chapters 18 and 19 of Wild, J., & Shaw, K. (2022) text you learned about cost behavior, cost-volume-profit, and variable costing analysis . View the following YouTube videos
How to Calculate Break Even Points, Contribution Margin, and Target Quantity for a Specific Profit. (n.d.). Www.youtube.com. https://www.youtube.com/watch?v=xNaA-LkA-tY
Absorption vs Variable Costing. (n.d.). Www.youtube.com. Retrieved July 19, 2022, from https://www.youtube.com/watch?v=VPFDAx04BZM
Once viewed discuss the following with your peers:
What is cost-volume-profit analysis? What are its underlying assumptions and what would you do if assumptions are not met?
How would you compare variable costing and absorption costing using a hypothetical example?
Do research and discuss cost behavior analysis from the company that you work for currently or from a company in your own country? What did you learn in your research?
2. Costing Assignment
Based on the content covered in Week 2 and Chapters 18 and 19 of the Wild, J., & Shaw, K. (2022) text, students learned about cost behavior, cost-volume-profit analysis, and variable costing. Students should address the following:
Describe how use of absorption costing in determining income can lead to overproduction and a buildup of inventory. Explain how variable costing can avoid this same problem.
Apply your knowledge of absorption costing and variable costing to solve the following problem:
Sims Company, a manufacturer of tablet computers, began operations on January 1, 2017. Its cost and sales information for this year follows.
A. Prepare an income statement for the year using variable costing.
B. Prepare an income statement for the year using absorption costing.
C. Under what circumstance(s) is reported income identical under both absorption costing and variable costing?
Paper should be 6 pages including the calculations and the income statements in A and B.

I’ve already completed some parts of the assignment. Check what I wrote and help me fill in more content. If there are some blanks, help me complete it. Add more Summary of evidence that will be used, but lack detail (no source or brief description) and An idea for numerical analysis in Final Project Outline
1Feedback
(15 points) Answer each question in a sentence or two:
1. What lecture or topic was most interesting to you? What did you enjoy about it?
2. Was there a topic that wasn’t covered in class that you would have liked to see?
3. How many discussion sections did you attend?
4. If you ever attended, what was the most useful feature of the discussion sections?
5. Regardless of whether you attended, was there anything that would have made discussion sections
more useful?
2 Short Questions
Answer each question in a sentence or two:
1. (10 pts) Risk and information:
(a) In your own words, define the concepts of ‘asymmetric information’ and ‘adverse selection’.
(b) Give one example of each and explain how it relates too the concept.
(c) For each example, describe a screening or signaling tool that can address the information issue.
2. (10 pts) What is “payment for ecosystem services (PES)”? List at least three common shortcomings
of existing PES schemes.
3. (10 pts) Consider a farmer’s decision about whether to purchase a new variety of maize (corn) seeds
advertised as resulting in higher yields (amount of maize produced per area planted).
(a) Describe how the concepts of performance risk, reliability risk, and fit risk might apply in the
case of the farmer’s adoption decision for these new maize seeds.
(b) Give examples of how at least two types of marketing tools might increase the likelihood that the
farmer adopts the new seeds.
3 Final Project Outline
Produce a detailed outline for your final paper. You may produce one outline per group, but each group
member should hand in a copy with their problem set. Make sure to indicate the names of all of your group
members. The outline should include:
Introduction
• What is your topic?
• Why is this topic important/relevant to the class?
• What are the 3-5 main points (concepts from class) you will make in the paper?
Body
• One section for each main point/class concept (3-5 sections)
• In 2-3 sentences, describe the claims you will use to support these points (These claims will be developed
into your topic sentences when you write the final paper.) Try to incorporate class concepts here.
• A very brief summary (in bullets) of the evidence you will gather to support these claims.
• In 2-3 sentences, describe the preliminary idea for your numerical analysis.
Conclusion
• Preliminary idea for your own conclusion/recommendation.

Find an article on the www that gives information about a corporate strategy decision an organization has made. How does this corporate strategy decision potentially create additional value (i.e. economies of scope, or “synergies”) compared to what would happen had the organization not made the decision? What will be the evidence/measure(s) the organization, or analysts, or investors, will be looking at in a few years to see whether or not the synergies have actually been achieved? In your write-up, include a www link to the article/story you are writing about. Guideline: approximately 300 words (equates to approximately one page, double-spaced) I need this back in 2.5 Hours. Must be typed, Original, No PLAGARISM.