View the TED talk by Dr. Barry Schwartz at: http://www.ted.com/talks/lang/en/barry_schwartz_on_the_paradox_of_choice.html Prepare a one to two page paper, addressing the following and turn it in on Tuesday the 20th. • Very briefly summarize the points that Dr. Schwartz makes in the video. • Identify the economic principles and/or theories that Dr. Schwartz discusses. Note that he may not refer to them as economic principles, or call them by the terms we use. List the ways in which he agrees or disagrees with these Economic principles and theories. • In what ways do you agree or disagree with Dr. Schwartz? Explain.
credit history- What are the top two factors in your FICO score? What actions can one take to earn the most points in these categories to improve a FICO score?
Week 4 credit history
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| Credit History Worksheet FP/100 Version 1 |
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University of Phoenix Material
Credit History Worksheet
Credit Scores
Go to the Fair Isaac Co. website: www.myfico.com. (Do not buy a credit score unless you choose to do so.) For this activity, go to “Learn about scores.” Review this page, and follow the link to “What’s in your score?” From this page, follow the links to learn more about credit scores.
Note: You do not have to share your personal credit score or other details in this worksheet.
Using what you have learned about credit scores, respond to each of the following questions in a minimum of 50 words:
1. What is a credit score? When and why is a credit score important?
2. What are the top two factors in your FICO score? What actions can one take to earn the most points in these categories to improve a FICO score?
3. Your credit score can impact how much you pay on credit you use throughout your life. Enter the four fields into this calculator to estimate how much more you might pay over time. First, try it with your current estimated credit score; then, move the slider to see how much less you would pay with a higher score, and then how much more you would pay with a lower score.
| Current Estimated Score Range | Higher Score Range | Lower Score Range | |
| Enter the total cost of credit for each range |
4. In at least 50 words, how would you summarize the results of the Credit.com calculator?
Credit Reports
Go to www.annualcreditreport.com, the only site authorized by the Federal Trade Commission to provide free consumer credit reports. Request one free credit report from one of the three credit reporting agencies (if you are unable to download a report, complete this activity using a sample credit report from www.experian.com).
Using what you have learned about credits reports, respond to each of the following questions in a minimum of 50 words:
1. What type of information is included on a credit report?
2. How long might negative credit history, such as a 60-day delinquency, remain on your credit report? If any negative history is incorrect, what steps would you take to correct the error?
3. What did you find surprising about credit reports?
Copyright © XXXX by University of Phoenix. All rights reserved.
Copyright © 2017 by University of Phoenix. All rights reserved.
Copyright © 2017 by University of Phoenix. All rights reserved.
Descriptive Analysis-Compare and Contrast the views and the findings of all four papers. These should be specific and explained in Essays developed by you. The idea of this research is for you to practice your own writing. If you need help go to the Writing Studio. Everything must be well explained in good writing style
develop your own opinion of the subject topic from what you have learned about the subject. Also must include which of the views you support and/or views you don't agree on. Explain the reasoning for your decision to support or not each view from the different referenced articles.
Summarize your reference articles (3-4) for the same topic as you selected in the Article Review Assignment. In your own word you will summarize the Objectives, Content and Findings of each Article and will include them in your references.
economics paper
Economics paper
Research Paper Format
Summarize your reference articles (3-4) for the same topic as you selected in the Article Review Assignment. In your own word you will summarize the Objectives, Content and Findings of each Article and will include them in your references.
As in your Article Review you must explain in detail what is the specific topic of each article, what research information was used, the findings and the conclusions of each article.
Research Paper Format
Summarize your reference articles (3-4) for the same topic as you selected in the Article Review Assignment. In your own word you will summarize the Objectives, Content and Findings of each Article and will include them in your references.
As in your Article Review you must explain in detail what is the specific topic of each article, what research information was used, the findings and the conclusions of each article.
Business Torts And Intellectual Property-Identify if there is an intellectual property at issue here; identify the form of intellectual property outlined, and to examine the different types of torts committed.
Purpose of Assignment
The purpose of this assignment is to identify the form of intellectual property outlined, and to examine the different types of torts committed.
Assignment Steps
Scenario: Sam is an employee of ABC Paper Corp. He signed a non-disclosure agreement as a condition of his employment with ABC. Sam is approached by XYZ Paper Co. with an offer of employment, but only if he brings his client list with him. Sam was fully responsible for creating his client list, so he agrees to provide it to XYZ. When Sam downloads his client list onto an external flash drive, he is caught in the act by his boss Natalie. Sam grabs the flash drive and runs out of his office, shoving Natalie aside when she attempts to stop him. Natalie falls and hits her head against the doorknob, suffering a concussion.
Develop a 1,050-word analysis using the information posed in the scenario.
- Identify if there is an intellectual property at issue here. If so, what type?
- Discuss if Sam’s actions are ethical. Why or why not?
- Discuss the types of tort, if any, Sam committed. Did any of the other parties in this scenario commit a tort?
- Discuss if any of Sam’s actions subject him to criminal liability.
Cite a minimum of three peer-reviewed references.
How would the law affect the demand for health insurance? Why?
Health economists use demand and supply theory to discuss the “Health Insurance Exchange” created by the Affordable Care Act (Obamacare). Mandated by law everyone now must have health insurance.
Discuss the following:
How would the law affect the demand for health insurance? Why?
Disability and Low-Skilled Workers. Disability payments replace a higher fraction of the wages of low-wage workers than of high-wage workers. Overall, average disability payments rise with the average wage. Suppose wages of low-skilled workers fell sharply relative to high-wage workers. This creates
quiz 1 chapter 7-9 Economics
Quiz 1 Chapter 7-9
1. Which of the following is not included in the labor force?
A. People who do not have jobs, and do not want one.
B. People who are employed.
C. People who do not have jobs, but who are actively searching for one.
D. None of the above.
2. Related to Application: More Disability, Less Unemployment?
Disability and Low-Skilled Workers. Disability payments replace a higher fraction of the wages of low-wage workers than of high-wage workers. Overall, average disability payments rise with the average wage. Suppose wages of low-skilled workers fell sharply relative to high-wage workers. This creates
A. a greater incentive for low-wage workers to enter disability, because disability payments replace a higher fraction of the wages of a low-wage worker.
B. less of an incentive for high-wage workers to enter disability, because average disability payments rise with the average wage.
C. a greater incentive for high-wage workers to enter disability, because disability payments replace a smaller fraction of the wages of a high-wage worker.
D. less of an incentive for low-wage workers to enter disability, because wages of low-skilled, low-wage workers fell sharply relative to high-wage workers.
3. Housework and Labor Statistics. Suppose the government decided that homemakers should be counted as employed because they perform important services. How do you think this change would affect our measure of the labor force, the labor force participation rate, and the unemployment rate?
A.The labor force and the labor force participation rate would increase and the unemployment rate would decrease.
B.The labor force and the labor force participation rate would increase but the unemployment rate would remain unchanged.
C.The labor force and the unemployment rate would remain unchanged and the labor force participation rate would increase.
D.The labor force and the labor force participation rate would remain unchanged but the unemployment rate would decrease.
4. When the economy is at full employment, there is only cyclical unemployment.
True or False
5. What is likely to occur in the economy if the unemployment rate drops below the natural rate of unemployment?
A.increased cyclical unemployment
B.higher inflation
C.lower inflation
D.higher structural unemployment
6. The effects of unemployment today may carry over into the future because
A. a person must be actively seeking work to be counted as unemployed.
B. those that experience prolonged unemployment lose job skills that are difficult to recover.
C. discouraged workers are not measured in the unemployment rate.
D. none of the above.
7. The single largest component of the basket of goods that comprises the CPI is the category for
A. medical services.
B. food and beverages.
C. rent.
D. transportation.
8. High Prices and Inflation. Critically evaluate the following statement: “Tokyo is an expensive place to live. They must have a high inflation rate in Japan.”
A. False. The inflation rate tends to overstate the cost of living.
B. False. Tokyo and Japan do not face the same prices.
C. False. Inflation measures price changes, not price levels.
D. True. If Tokyo is expensive, then Japan’s inflation rate will be high.
9. Price Indexes for the Elderly. The inflation rate for the elderly differ from the non-elderly because the elderly
A. have less income.
B. began work at an earlier age than the current generation.
C. cannot collect Social Security until they are age 62.
D. purchase different goods and services.
If the elderly faced a different inflation rate than the rest of the population, the Social Security payments would
A. equal the CPI.
B. be eliminated.
C. equal the inflation rate.
D. change.
10. Which of the following are side effects of unanticipated inflation?
A.Individuals will spend more of their time trying to profit from inflation rather than at productive jobs.
B.Banks will stop providing fixed mortgages and only offer adjustable rate mortgages.
C.The purchasing power of your wages will be less than anticipated.
D.All of the above.
___ will lose because inflation will erode the amount of money they are being repaid for the loans.
A. Debtors B. Creditors
Chapter 8
1. Arthur Okun distinguished between _A_ prices, which changed rapidly, and _B_ prices, which are slow to change.
A. a. Custom b. Auction c. Wholesale d. Retail b. a. custom b. wholesale c. auction d. retail
2. Related to Application: Measuring Price Stickiness in Consumer Markets
The Internet and Price Flexibility. The Internet has enabled consumers to search for the lowest prices of various goods and has allowed prices of many items to be rather flexible. Which of the following goods or services may not become more flexible in price because of the Internet?
A.Legal services.
B.Stereo components.
C.Airline tickets.
D.Music CDs.
3. Which of the following products is most likely to have a “sticky” price?
A.one gallon of gasoline
B.an ounce of gold
C.wages of a Hollywood star
D.heavy machinery
4. Which of the following is not a component of aggregate demand?
A.Consumption.
B.Depreciation.
C.Net exports
D.Federal government expenditures.
5. Calculating the MPS and MPC. In one year, a consumer’s income increases by $400 and her consumption increases by $160.Her marginal propensity to consume is equal to _A_ . (Enter your responses rounded to two decimal places.)Her marginal propensity to save is equal to _B_ .(Enter your responses rounded to two decimal places.)
6. The aggregate demand curve shows the relationship between
A.price and elasticity.
B.interest rates and investment.
C.the level of prices and the quantity of real GDP demanded.
D.price and quantity.
7. In the long run, if aggregate demand decreases,
A.both the price level and output or real GDP will remain unchanged.
B.the price level will decrease and output or real GDP will decrease.
C.the price level will remain unchanged and output or real GDP will decrease.
D.the price level will decrease and output or real GDP will remain unchanged.
8. China Comes Roaring Back. In the 2008 recession, China was one of the first economies to recover and its GDP growth quickly returned to its pre-recession levels.
This caused aggregate demand in the rest of the world to
A.increase because any increase in demand from the foreign sector will also increase aggregate demand.
B.decrease because the Chinese produced more of their own goods.
C.increase because the Chinese produced more of their own goods.
D.decrease because rapid growth in China will decrease aggregate demand in the rest of the world.
9. The short-run aggregate supply curve shows the short-run relationship between the
A.price level and quantity supplied in one market.
B.price level and total demand in the entire economy.
C.consumption level and the price level.
D.price level and the willingness of firms to supply output to the economy.
10. Shifts in Aggregate Demand and Cost-Push Inflation. When wages rise and the short-run aggregate supply curve shifts up, the result is “cost-push” inflation. If the economy was initially at full-employment and the aggregate demand curve was shifted to the right, the level of unemployment will be very _A_ making it _B_ for firms to recruit and retain workers and purchase needed raw materials and other inputs for production. There will be a tendency for both wages and prices to _C _ over time. This will shift the short-run aggregate supply curve _D_ until the economy reaches the long-run equilibrium.
A a. low b. unpredictable c.high
B. a.easy b.difficult c.impossible
C. a.decrease b.increase c. be constant
D.a.upward b.to the right c. downward
Chapter 9
1. A contractionary fiscal policy shifts the aggregate demand curve to the _A_ . _B_ prices, and _C_ real GDP.
A. a.right b. Left B. a.lowers b.raises C. a.increases b.decreases
2. A Chinese Experiment. In 2000, the Chinese government mandated three one-week holidays throughout the year to stimulate consumer spending. The idea was that these extended vacations would induce the Chinese to spend more of their earnings while on vacation. Although consumption spending rose during the vacation period, the data show that consumption fell before and after the vacation by approximately the same amount as spending rose during the vacation. As a result, there was _A_ change in aggregate demand and the overall policy of stimulating the economy through mandated vacations was _B_ effective.
A. a.No b.a significally negative c.a significally positive B. a.not b.very
3. Looking Backwards. Some critics of stabilization policy say that policymakers are always looking backwards—through a rear-view mirror at past data—and thus cannot conduct stabilization policy.
Which of the following is a defense for policymakers?
A.Recently, the recognition of lags in data collection has eliminated the use of stabilization policies.
B. Recently, analysts have found that future trends usually follow past data.
C. Economic forecasts using past data are better than forecasts using current data.
D. Sometimes economic conditions require that stabilization policies be enacted by relying on the best available data
4. Fiscal year 2012 began on _A_
A.a. April 15,2011 b.June 1,2012 c.January1,2012 d.October 1,2011
5. The States and Balanced Budgets. Unlike the U.S. federal government, virtually all states have requirements that they either plan for or maintain a balanced budget. If the national economy experiences a recession,
A. state budgets do not get affected because all state budgets are always automatically balanced.
B. state budgets go into deficits since states spend less to offset the increase in federal spending.
C. state budgets do not get affected because the federal budget and state budgets are completely separate.
D. state budgets go into deficits as tax revenues decline.
6. Automatic Stabilizers and Fluctuations in Output. Because of automatic stabilizers, the states that have a more generous unemployment insurance program experience _A_ fluctuations in output.
A.Larger B.smaller C.no
7. Economist Arthur Laffer argued what theory on tax rates?
A.High tax rates make people want to work harder.
B.Excessivly high tax rates lead to lower government revenue.
C.High tax rates are a fair way to redistribute wealth.
D.High tax rates should be used to punish the rich.
8. Who among the following was the first president to consciously use fiscal policy to stabilize the economy?
A.Lyndon Johnson.
B.John F. Kennedy.
C.Herbert Hoover.
D.Franklin D. Roosevelt.
9. The Rise and Fall of Fiscal Surpluses. Which of the following factors led the United States from federal surpluses at the end of the 1990s to deficits in the first decade of 2000?
A.Tax hikes combined with spending cuts.
B.Tax hikes combined with increased spending.
C.Tax cuts combined with increased spending.
D.Tax cuts combined with spending cuts.
10. What was the effect on the economy from the Kennedy and Johnson tax cuts?
A.Real GDP and consumption declined each year between 1963 and 1966.
B.Real GDP and consumption were unchanged entirely.
C.Real GDP and consumption grew at rates of 4% each year between 1963 and 1966.
D.Real GDP and consumption were unchanged from what they would have been
1. Which of the following is not included in the labor force?
A. People who do not have jobs, and do not want one.
B. People who are employed.
C. People who do not have jobs, but who are actively searching for one.
D. None of the above.
2. Related to Application: More Disability, Less Unemployment?
Disability and Low-Skilled Workers. Disability payments replace a higher fraction of the wages of low-wage workers than of high-wage workers. Overall, average disability payments rise with the average wage. Suppose wages of low-skilled workers fell sharply relative to high-wage workers. This creates
A. a greater incentive for low-wage workers to enter disability, because disability payments replace a higher fraction of the wages of a low-wage worker.
B. less of an incentive for high-wage workers to enter disability, because average disability payments rise with the average wage.
C. a greater incentive for high-wage workers to enter disability, because disability payments replace a smaller fraction of the wages of a high-wage worker.
D. less of an incentive for low-wage workers to enter disability, because wages of low-skilled, low-wage workers fell sharply relative to high-wage workers.
3. Housework and Labor Statistics. Suppose the government decided that homemakers should be counted as employed because they perform important services. How do you think this change would affect our measure of the labor force, the labor force participation rate, and the unemployment rate?
A.The labor force and the labor force participation rate would increase and the unemployment rate would decrease.
B.The labor force and the labor force participation rate would increase but the unemployment rate would remain unchanged.
C.The labor force and the unemployment rate would remain unchanged and the labor force participation rate would increase.
D.The labor force and the labor force participation rate would remain unchanged but the unemployment rate would decrease.
4. When the economy is at full employment, there is only cyclical unemployment.
True or False
5. What is likely to occur in the economy if the unemployment rate drops below the natural rate of unemployment?
A.increased cyclical unemployment
B.higher inflation
C.lower inflation
D.higher structural unemployment
6. The effects of unemployment today may carry over into the future because
A. a person must be actively seeking work to be counted as unemployed.
B. those that experience prolonged unemployment lose job skills that are difficult to recover.
C. discouraged workers are not measured in the unemployment rate.
D. none of the above.
7. The single largest component of the basket of goods that comprises the CPI is the category for
A. medical services.
B. food and beverages.
C. rent.
D. transportation.
8. High Prices and Inflation. Critically evaluate the following statement: “Tokyo is an expensive place to live. They must have a high inflation rate in Japan.”
A. False. The inflation rate tends to overstate the cost of living.
B. False. Tokyo and Japan do not face the same prices.
C. False. Inflation measures price changes, not price levels.
D. True. If Tokyo is expensive, then Japan’s inflation rate will be high.
9. Price Indexes for the Elderly. The inflation rate for the elderly differ from the non-elderly because the elderly
A. have less income.
B. began work at an earlier age than the current generation.
C. cannot collect Social Security until they are age 62.
D. purchase different goods and services.
If the elderly faced a different inflation rate than the rest of the population, the Social Security payments would
A. equal the CPI.
B. be eliminated.
C. equal the inflation rate.
D. change.
10. Which of the following are side effects of unanticipated inflation?
A.Individuals will spend more of their time trying to profit from inflation rather than at productive jobs.
B.Banks will stop providing fixed mortgages and only offer adjustable rate mortgages.
C.The purchasing power of your wages will be less than anticipated.
D.All of the above.
___ will lose because inflation will erode the amount of money they are being repaid for the loans.
A. Debtors B. Creditors
Chapter 8
1. Arthur Okun distinguished between _A_ prices, which changed rapidly, and _B_ prices, which are slow to change.
A. a. Custom b. Auction c. Wholesale d. Retail b. a. custom b. wholesale c. auction d. retail
2. Related to Application: Measuring Price Stickiness in Consumer Markets
The Internet and Price Flexibility. The Internet has enabled consumers to search for the lowest prices of various goods and has allowed prices of many items to be rather flexible. Which of the following goods or services may not become more flexible in price because of the Internet?
A.Legal services.
B.Stereo components.
C.Airline tickets.
D.Music CDs.
3. Which of the following products is most likely to have a “sticky” price?
A.one gallon of gasoline
B.an ounce of gold
C.wages of a Hollywood star
D.heavy machinery
4. Which of the following is not a component of aggregate demand?
A.Consumption.
B.Depreciation.
C.Net exports
D.Federal government expenditures.
5. Calculating the MPS and MPC. In one year, a consumer’s income increases by $400 and her consumption increases by $160.Her marginal propensity to consume is equal to _A_ . (Enter your responses rounded to two decimal places.)Her marginal propensity to save is equal to _B_ .(Enter your responses rounded to two decimal places.)
6. The aggregate demand curve shows the relationship between
A.price and elasticity.
B.interest rates and investment.
C.the level of prices and the quantity of real GDP demanded.
D.price and quantity.
7. In the long run, if aggregate demand decreases,
A.both the price level and output or real GDP will remain unchanged.
B.the price level will decrease and output or real GDP will decrease.
C.the price level will remain unchanged and output or real GDP will decrease.
D.the price level will decrease and output or real GDP will remain unchanged.
8. China Comes Roaring Back. In the 2008 recession, China was one of the first economies to recover and its GDP growth quickly returned to its pre-recession levels.
This caused aggregate demand in the rest of the world to
A.increase because any increase in demand from the foreign sector will also increase aggregate demand.
B.decrease because the Chinese produced more of their own goods.
C.increase because the Chinese produced more of their own goods.
D.decrease because rapid growth in China will decrease aggregate demand in the rest of the world.
9. The short-run aggregate supply curve shows the short-run relationship between the
A.price level and quantity supplied in one market.
B.price level and total demand in the entire economy.
C.consumption level and the price level.
D.price level and the willingness of firms to supply output to the economy.
10. Shifts in Aggregate Demand and Cost-Push Inflation. When wages rise and the short-run aggregate supply curve shifts up, the result is “cost-push” inflation. If the economy was initially at full-employment and the aggregate demand curve was shifted to the right, the level of unemployment will be very _A_ making it _B_ for firms to recruit and retain workers and purchase needed raw materials and other inputs for production. There will be a tendency for both wages and prices to _C _ over time. This will shift the short-run aggregate supply curve _D_ until the economy reaches the long-run equilibrium.
A a. low b. unpredictable c.high
B. a.easy b.difficult c.impossible
C. a.decrease b.increase c. be constant
D.a.upward b.to the right c. downward
Chapter 9
1. A contractionary fiscal policy shifts the aggregate demand curve to the _A_ . _B_ prices, and _C_ real GDP.
A. a.right b. Left B. a.lowers b.raises C. a.increases b.decreases
2. A Chinese Experiment. In 2000, the Chinese government mandated three one-week holidays throughout the year to stimulate consumer spending. The idea was that these extended vacations would induce the Chinese to spend more of their earnings while on vacation. Although consumption spending rose during the vacation period, the data show that consumption fell before and after the vacation by approximately the same amount as spending rose during the vacation. As a result, there was _A_ change in aggregate demand and the overall policy of stimulating the economy through mandated vacations was _B_ effective.
A. a.No b.a significally negative c.a significally positive B. a.not b.very
3. Looking Backwards. Some critics of stabilization policy say that policymakers are always looking backwards—through a rear-view mirror at past data—and thus cannot conduct stabilization policy.
Which of the following is a defense for policymakers?
A.Recently, the recognition of lags in data collection has eliminated the use of stabilization policies.
B. Recently, analysts have found that future trends usually follow past data.
C. Economic forecasts using past data are better than forecasts using current data.
D. Sometimes economic conditions require that stabilization policies be enacted by relying on the best available data
4. Fiscal year 2012 began on _A_
A.a. April 15,2011 b.June 1,2012 c.January1,2012 d.October 1,2011
5. The States and Balanced Budgets. Unlike the U.S. federal government, virtually all states have requirements that they either plan for or maintain a balanced budget. If the national economy experiences a recession,
A. state budgets do not get affected because all state budgets are always automatically balanced.
B. state budgets go into deficits since states spend less to offset the increase in federal spending.
C. state budgets do not get affected because the federal budget and state budgets are completely separate.
D. state budgets go into deficits as tax revenues decline.
6. Automatic Stabilizers and Fluctuations in Output. Because of automatic stabilizers, the states that have a more generous unemployment insurance program experience _A_ fluctuations in output.
A.Larger B.smaller C.no
7. Economist Arthur Laffer argued what theory on tax rates?
A.High tax rates make people want to work harder.
B.Excessivly high tax rates lead to lower government revenue.
C.High tax rates are a fair way to redistribute wealth.
D.High tax rates should be used to punish the rich.
8. Who among the following was the first president to consciously use fiscal policy to stabilize the economy?
A.Lyndon Johnson.
B.John F. Kennedy.
C.Herbert Hoover.
D.Franklin D. Roosevelt.
9. The Rise and Fall of Fiscal Surpluses. Which of the following factors led the United States from federal surpluses at the end of the 1990s to deficits in the first decade of 2000?
A.Tax hikes combined with spending cuts.
B.Tax hikes combined with increased spending.
C.Tax cuts combined with increased spending.
D.Tax cuts combined with spending cuts.
10. What was the effect on the economy from the Kennedy and Johnson tax cuts?
A.Real GDP and consumption declined each year between 1963 and 1966.
B.Real GDP and consumption were unchanged entirely.
C.Real GDP and consumption grew at rates of 4% each year between 1963 and 1966.
D.Real GDP and consumption were unchanged from what they would have been
Read CNBC's Consumer confidence strengthens in July, beating expectations for a drop Who is in charge of making fiscal policy? What fiscal policy measure has a direct impact to the economy?
economics questionaire
Discussion Economics 100
9. “Fiscal Policy”
Read CNBC’s Consumer confidence strengthens in July, beating expectations for a drop
Who is in charge of making fiscal policy?
What fiscal policy measure has a direct impact to the economy?
If consumer confidence is low, which of the following will be the most effective fiscal policy?
An increase in government spending, or An equal decrease in taxes?
Explain your reasoning.
https://www.cnbc.com/video/2017/07/25/consumer-confidence-index-for-july-beats-forecasts.html?__source=cnbcembedplayer
10. “The Federal Reserve and Monetary Policy”
Visit the Federal Reserve website and answer the following questions in your own words.
Part 1:
What is the mission and legal mandate of the Federal Reserve System?
What policy tools are available to the Fed to achieve its mission?
What is the difference between an insolvent bank and an illiquid bank?
Why/how does the Fed treat banks that are insolvent differently from illiquid banks?
Part 2:
The Fed has only increased the interest or discount rate twice since the 2007/08 recession. Will it push the rates up a bit more? We don’t know! We can find out what those at the Fed are thinking by checking out posted information each month by the FOMC (Federal Open Market Committee).
According to the Fed, what are its inflation and full-employment targets?
Explain how changes in the money supply will raise interest rates and how the anticipated increase in interest rates will likely affect GDP and employment.
9. “Fiscal Policy”
Read CNBC’s Consumer confidence strengthens in July, beating expectations for a drop
Who is in charge of making fiscal policy?
What fiscal policy measure has a direct impact to the economy?
If consumer confidence is low, which of the following will be the most effective fiscal policy?
An increase in government spending, or An equal decrease in taxes?
Explain your reasoning.
https://www.cnbc.com/video/2017/07/25/consumer-confidence-index-for-july-beats-forecasts.html?__source=cnbcembedplayer
10. “The Federal Reserve and Monetary Policy”
Visit the Federal Reserve website and answer the following questions in your own words.
Part 1:
What is the mission and legal mandate of the Federal Reserve System?
What policy tools are available to the Fed to achieve its mission?
What is the difference between an insolvent bank and an illiquid bank?
Why/how does the Fed treat banks that are insolvent differently from illiquid banks?
Part 2:
The Fed has only increased the interest or discount rate twice since the 2007/08 recession. Will it push the rates up a bit more? We don’t know! We can find out what those at the Fed are thinking by checking out posted information each month by the FOMC (Federal Open Market Committee).
According to the Fed, what are its inflation and full-employment targets?
Explain how changes in the money supply will raise interest rates and how the anticipated increase in interest rates will likely affect GDP and employment.
Labour market discrimination: Review the evidence on discrimination by gender. To what extent and in what ways has the situation improved in the last 20 years? What is the role of social policies such as affirmative action? Do you think the #MeToo movement will have a lasting effect? Why or why not?
You can look at works of fiction through a family lens – see topic (9) below.
This gives you a broad scope. The topics listed below are all eligible topics, and you are welcome to consider other topics as well. If you have difficulty finding papers on a topic, consult with me.
The timeline for papers is below.
The final version of the paper must be typed in 12-point (conventional) font, double-spaced throughout, with appropriate margins; the paper should be 10-12 pages long, excluding references and title page. The title page should contain your name, student number, course, and date.
Potentially Useful Journals:
1. American Economics Association journals: http://www.aeaweb.org/articles_search.php
2. Canadian Journal of Economics: http://economics.ca/cje/en/online.php
3. Canadian Public Policy: http://economics.ca/cpp/en/archive.php
4. Review of Economics of the Household: http://www.springerlink.com/content/v0r562765672/
5. Feminist Economics: http://www.informaworld.com/smpp/title~content=t713700748~db=all
Also: the NBER working papers may be useful: http://www.nber.org/papers.html
as may be the IDEAS website: http://ideas.repec.org/.
NOTE: You may need to be logged in to your university account to access some of these links.
ESSAY TIMELINE
Timeline for essays Marks for this component
Notify me that you will write an essay: by February 2nd 1%
Topic finalized by February 19th 1%
Information handed in by beginning of class
At least 2 preferences identified.
First draft of paper due by March 19th 6%
Peer review of other paper due March 26th * 2%
Final draft of paper due by 2:30pm on April 5th 15%
Total marks: 25%
SOME POSSIBLE TOPICS
The following list of topics and questions is meant to start you thinking about issues; it is not meant to be exhaustive. Good starting points for sources for references for any topic are
i) ECON journals like Canadian Public Policy , Review of Economics of the Household , Journal of Economic Perspectives,
ii) websites like IDEAS
iii) news magazines like The Economist
iv) blogs like Worthwhile Canadian Initiative , Marginal Revolution , Market Design
…..
Wherever possible, emphasis should be on Canadian experience and relatively recent papers and data.
1) Labour market discrimination:
Review the evidence on discrimination by gender. To what extent and in what ways has the situation improved in the last 20 years? What is the role of social policies such as affirmative action? Do you think the #MeToo movement will have a lasting effect? Why or why not?
Notice that any discrimination by gender may be confounded by other types of discrimination – for example, by race, religion, or social class. You might want to investigate this.
2) Parental leave policies:
What are the economic arguments for and against extended leave for new parents? Compare the Canadian policy with that in the US and one other country.
3) Daycare programs:
Should the government be subsidizing child care at all? What are the solid economic arguments for and against subsidizing public day care rather than paying parents to stay home with the child(ren)? What conclusions should we draw from the Quebec experience? What is being proposed in BC (I believe the provincial budget will be presented in mid-February).
4) Divorce and child support:
What is the purpose of child support? How do we determine the correct level? What mechanisms are used in different jurisdictions? Why has enforcing child support become such a target of social policy?
5) Economic wellbeing (money and time) of children:
Has this increased or decreased over the past two decades? How is a child’s wellbeing affected by the socioeconomic status of the families in which they are raised? How important are income, family stability, parents’ work patterns, the biological ties between parent(s) and child(ren)?
6) Volunteer activities:
What has been the effect on volunteer work of the change in the participation of women in the labour market? What are the economic consequences of this? What are the implications of making (mostly male) monetary contributions to charity tax deductible, while time contributions (most from females) are not?
7) Pricing non-market labour:
What are the common ways of pricing this work? What are the pros and cons of each method?
8) Caring labour
Is “caring labour” fundamentally different from standard market labour? How does this affect the wage rate for caring labour?
9) Families in fiction:
Many utopian (and dystopian) novels have well-developed but not necessarily explicit descriptions of the economic roles of families. Describe and compare the depictions in two novels (chosen upon consultation!) Think, for example, of Atwood’s The Handmaid’s Tale, or novels by Ursula LeGuin.
Novels by Charles Dickens or Jane Austin would also be appropriate.
Alternatively, you could choose movies or television shows.
10) Families and economic development:
How does the economic role of the family differ in countries at different stages of development? How does the form of international aid affect family roles? What is the impact of migration on families? How does the fall in the Canadian dollar affect immigrants who send money back to families in the home country?
11) Economics of polygamy:
Papers by Bergstrom, Becker
12) Sex preferences: papers by Edlund
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