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Intermediate Macroeconomics-What is the most important cost that the European Monetary Union entails?

Econ Assignment

Lecturer: Tasneem Raihan University of California, Riverside
Intermediate Macroeconomics
Written Assignment – I
Due on February 26, 2018 in the lecture. No late submissions will be accepted.
Please answer the following chapter end questions.
Chapter 6:
Problems and Applications: 1, 2, 3, 9, 11.
Chapter 13:
Questions for review: 1, 2, 3.
Problems and Applications: 1, 2, 3.
Additional questions:
1. Read the case study “The Debate Over the Euro” and answer the following questions:
a. What is the most important cost that the European Monetary Union entails?
b. What is the advantage of the European Monetary Union?
c. How could Greece avoid its severe financial difficulties had it not been a member
of the European Monetary Union? Explain clearly.
2. Suppose that a small open economy suddenly experiences a violent political upheaval. Explain what will happen to its interest rate, equilibrium nominal exchange rate, and
output. Use a graph to illustrate your answer.
Chapter 8:
Questions for review: 2, 3, 4.
Problems and applications: 1, 3 (a, b & c only), 5.
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 Organizational structure-Evaluate how organizational structure helps shape behavior in organizations

Introduction
The underlying structure is the foundation of an organization.  Organizational structure is the framework of work roles and functions helping shape and support employee behavior.
Organizational structure builds and limits relationships by setting up lines of reporting and team and it defines employees’ responsibilities by outlining their area of influence and accountability.
Unit Learning Outcomes  ULO 1:
1.Evaluate how organizational structure helps shape behavior in organizations.
2: Examine the different types of organizational structure.
3. Examine how technology can be integrated into organizational structure and design.
 

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 Demand and Supply Theory Problem Set-Using an appropriate demand or supply curve, demonstrate and explain the economics (if any) in the following observation

 Demand and Supply Theory Problem Set
#1: Using demand and supply curves, diagrammatically demonstrate what happens to the equilibrium price and quantity when: An increase in demand that is greater than the increase in supply? and Demand falls and supply is constant
#2: Use a demand/supply curve or both to graphically demonstrate the following:
A. The demand for automobiles when the price of gasoline rises sharply and stays high.
B. The supply of computers if a tax is placed on the production of computers.
#3: Without drawing a graph, identify whether the demand curve will shift rightward or leftward:
A. A decrease in the number of buyers
B. A rise in the price of substitutes
#4: Using an appropriate demand or supply curve, demonstrate and explain the economics (if any) in the following observation:
 

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The purpose of the paper can be very simply stated. It is to apply a concept (Topic is Pricing and Profit) from managerial economics to address a real-world problem in business by conducting necessary research.

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Instructions for the Research Paper
This document provides instructions for the research paper. The paper will be at least 7 and no more than 9 double-spaced pages for the main content (not including the cover page and reference page). A minimum of 3 references in APA format.
Purpose of the Paper
The purpose of the paper can be very simply stated. It is to apply a concept (Topic is Pricing and Profit) from managerial economics to address a real-world problem in business by conducting necessary research.
It is important to realize that this paper is NOT a report on some business topic related to managerial economics. It may be quite different from other papers you have written, and this is likely to be reflected in what is meant by “research” and the other contents of the paper. This is described more fully below.
Format of the Paper
The paper uses APA formatting, including and APA formatted Title Page and Abstract. The body of the paper must contain the following headings and sub-headings.

Headings Sub-headings
Introduction Problem Statement
Background
Conceptual Framework
Research and Analysis Methods
Data
Analysis and Discussion
Conclusions
References

The description of the content of each section and sub-section is provided below.

Content of Headings and Sub-Headings
Introduction
This section states the problem to be analyzed, why it is an important problem to be studied, and the contents of the rest of the paper.
Problem Statement
Importantly, you need a specific problem statement. This is one sentence that states clearly what the paper is studying.
Here are some examples of problem statements.
· This paper studies the impact of an increase in minimum wage on teenage unemployment.
· This paper studies how e-commerce has made pricing more competitive in X industry.
· This paper studies how the adoption of a new human resource ethics policy affects labor turnover in company Y.
Background
In this sub-section provide the necessary background information to motivate why this is an important problem to study.
A separate sub-heading is not needed, but the last paragraph of the introduction needs to summarize the contents of the remainder of the paper. For example, “Section 2 will present the conceptual framework, section 3 will…”
Conceptual Framework
This section will identify the concept/theory from managerial economics you will use to study the problem. It will then show how that concept/theory relates to the problem. For example,
· If studying minimum wages, the theory that relates to that is the labor market model
· If studying the impact of e-commerce on pricing, then you need a market model of pricing
· If studying human resource ethics policy, provide a theoretical justification for how that would impact labor turnover.
Research and Analysis
This section explains the method you will use to study the problem, data you will be using, presents the data, analyzes the data and discuss the results.
Methods
In this sub-section you explain how you will go about the process of addressing the problem you are studying. For example
· This paper will find the correlation between minimum wages and teenage unemployment.
· This paper will correlate price competitiveness in various industries to the degree of e-commerce in those industries
· This paper will consider labor turnover before and after the new HR policy is implemented.
Data
This sub-section describes your data and where it comes from. The data can come from government statistics, industry reports, company reports, published research, interviews, etc. For example
· The paper uses data from the bureau of labor statistics on teenage unemployment and minimum wages.
· The paper uses industry reports on e-commerce and pricing
· The paper uses an interview with the HR manager of a company and secures data on labor turnover from the company.
Present the data: In this sub-section clearly present the data you have collected, including the interview questions and answers if you have done an interview.
Analysis and Discussion of Results
In this sub-section you will conduct the methods described earlier to address the problem statement. You then discuss your findings and what you have learned. For example,
· You do a regression of teenage unemployment on minimum wages to find if there is a relationship, or you could use the results of published research.
· You regress price competitiveness (e.g. price dispersion in an industry) on the fraction of sales done by e-commerce. Or you could use published research.
· You compare turnover before and after the implementation of the new HR policy.
In all cases, after your analysis, you need to discuss your findings, how they answer the problem being addressed, etc.
Conclusions
This section summarizes the main findings and suggests areas of further study.
References
You must use a minimum of three resources beside the textbooks and use the appropriate format for the references.
Assignment Deadline
Problem statement of the paper submitted (via email) for approval along with the conceptual framework you will use. Thursday 22 Feb
The data source identified along with the methodology of how the   data is being used to address the problem statement of the paper. Thursday 22 Feb
Final version of the paper submitted Thursday 1 March
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Supplier Relationships- what are some of the different types of relations? what are the benefits that you could imagine or have experience with a relationship with a supplier?

One of the most important responsibilities of supply managers is the cultivation and nurturing of supply chain relations. And while any discussion of relations sounds like we be sharing our feelings with Dr. Phil, this seemingly intangible area can lead to very tangible benefits. Supplier relationship management can result in favorable treatment from suppliers, access to supplier-developed innovation, and a heightened willingness of suppliers to make investments that only benefit certain customers. what are some of the different types of relations? what are the benefits that you could imagine or have experience with a relationship with a supplier? Instructions your initial post should be at least 250 words.

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Relationship between monopoly industries and competition -discuss an industry that is best described by monopoly and again justify your reasoning based on the characteristics of its market structure

Provide an example and discuss  an industry that is best described by perfect competition and justify your reasoning in terms of number of sellers, presence of entry barriers, the attributes of the product, etc.

provide an example and discuss an industry that is best described by monopoly and again justify your reasoning based on the characteristics of its market structure.

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marginal revenue product and wages-Due to there being discrepancies between the productivity and resource offerings in labor markets, is it justified for one employee with a higher marginal revenue product to earn a higher wage than an employee with a lower marginal revenue product?

answer the following questions.
What is the link between marginal revenue product and wages?
Due to there being discrepancies between the productivity and resource offerings (i.e., education, skills, experience) in labor markets, is it justified for one employee with a higher marginal revenue product to earn a higher wage than an employee with a lower marginal revenue product?
Does this notion of marginal revenue product and wages conflict with minimum wage laws?

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Between 2007 and 2011 the federal budget deficit grew from $160.7 billion to $1,299.6 billion, and the national debt grew from $8.9 trillion to $14.8 trillion. (Figure 10.1: The ratio of debt to GDP, 1977-2011.)  In your post, differentiate the budget deficit from the national debt. How do you think the increases in the budget deficits and the national debt will affect the economy in the future?

Between 2007 and 2011 the federal budget deficit grew from $160.7 billion to $1,299.6 billion, and the national debt grew from $8.9 trillion to $14.8 trillion. (Figure 10.1: The ratio of debt to GDP, 1977-2011.)
In your post, differentiate the budget deficit from the national debt. How do you think the increases in the budget deficits and the national debt will affect the economy in the future?

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U.S. economy-Discuss the effect these policies had on increasing the size of the budget deficits and the national debt

Between 2007 and 2009 the U.S. economy experienced a severe recession.
In an effort to stimulate the economy, the federal government passed a stimulus package.
Explain the federal government’s use of fiscal policy (the stimulus) to promote growth and employment. Support your ideas with concepts found in the assigned reading. Include the following in your response: