Category: Economics

Imagine that you work in a health-policy consultancy firm. You have been hired by the government of a small island off the UK coast that is completely new to evaluating its policies.You must provide advice on a plan to roll on an ad-free calorie-check app to all adult residents which enable them to scan any food or drink product or menu and get information on its calorie content and health risks, in grocery shops or restaurants. They are looking for a budget-neutral policy over time (they are happy to consider some subsidies to retailers and restaurants to help with the calory-counting system, at least temporarily).Write a briefing to be submitted to the government that:
describes in general terms the purpose of doing evaluations and the types of evaluation the government might want to consider
articulates a plausible ultimate goal of the policy and suggests a theory of change for how such an app might achieve that goal
suggests a design for an impact or economic evaluation, including the type of data that would need to be gathered and any distributional and ethical issues you have considered.

OF In the project, students are required to FIND JOURNAL ARTICLE MACROECONOMIC ISSUES OR PROBLEMS (i.e. Unemployment rate, inflation, Gross domestic product, Trade balance etc.) of a country OR firm.
The project must include: REPORT u0026 POWER POINT FOR PRESENTATION
i. Introduction Provide an introduction to the chosen issue/problem.
ii. Literature Review
• Elaborate on the existing body of research and academic literature related to the chosen macroeconomic issue or problem
● ● Summarize the key theories, concepts, and empirical findings from the literature that are relevant Identify any existing gaps or controversies in the literature that your study aims to address.
iii. Analysis –
• If the chosen journal article includes graphs, mathematical equations, statistical data, or figures, clearly explain and interpret it in your analysis. Discuss their implications and relevance to the macroeconomic issue or problem.
• If the journal article does not include visual aids, consider using relevant data or graphs from other sources to supplement your analysis. Ensure that you cite the sources appropriately.

Wireless technology has changed lives across the globe. In fact, some developing economies have skipped a step in traditional technological development. Rather than developing a wired communication network first, they have bypassed that step and developed cellular towers instead. The seemingly infinite worldwide demand for smart phones has presented tremendous opportunities for the companies that design and manufacture them. Because many people in developing countries are poor, these smart phone providers have to find ways to make their phones as inexpensive as possible so that people can afford them. As a result, U.S.-based manufacturers of smart phones have been looking for ways to greatly decrease their costs. Based on this scenario, what is one likely drawback of the worldwide demand for smart phones?
Multiple Choice
Poorer countries become even poorer.
Jobs will be lost in developed countries as production moves to developing countries.
Less information is available.
The price of smart phones will keep rising.
Companies no longer have an incentive to invest in improved smart phone technologies.

FOLLOW THESE INSTRUCTIONS! Submit electronically via email as a single PDF document (NOT SEPARATE PDF DOCUMENTS) and do not use OneDrive, Google Docs, Dropbox, etc. In addition, make sure that your responses are provided neatly and clearly. If you fail to follow these instructions, then your exam will not be evaluated.
SHORT ANSWER SECTION
The medication Ozempic is a drug designed to treat type 2 diabetes. Not long after its FDAapproved release, this medication was found to be an effective weight-loss drug. Explain in detail how the market for Ozempic theoretically responded to this finding.
Explain why clean air is a public good, but the Interstate highways around the Twin Cities (35E, 35W,94,494,694, and 394) are not.
What is meant by tax equity in economics? Explain.
Explain why the low-skill labour market is an example of a Perfectly Competitive market environment.
How do we know that imperfectly competitive businesses price their products in the own-price elastic regions of their respective market demands? Explain.
ANALYTICAL SECTION
An issue college students always seem to face is affordable housing. In some

Consider a two-period endowment economy populated by m consumers. Preferences are well behaved: utility is increasing in current consumption and future consumption, which are normal goods, and the indifference curves are strictly convex. The government needs to finance a stream of government expenditures G and G’ in the current and future period. For this purpose, it issues riskless bonds and uses proportional taxes τ and τ’ on current and future consumption c and c’. That is, the government collects τc in the current period and τ’c’ in the future period in taxes from consumers. There are no lump sum taxes.
(a) Write down the current period and the future period consumers’ budget constraints.
(b) Define the competitive equilibrium of this economy.
(c) List the set of conditions that allows us to determine the competitive equilibrium given the exogenous variables.
(d) Show that the Walras’ law holds.
(e) Now suppose that the government reduces τ and increases τ’ in such a way that it continues to finance the same level of G and G’. Does the Ricardian equivalence hold here? Explain why or why not.

➤ How can I calculate the firm’s total output from the given marginal product schedules?
Add the marginal products of every unit of labor and capital employed, in the sequence they are hired, to get total output. If MP lists start from the first unit, sum MP1 through MPn for each factor. Ensure you use consistent base conditions because MPs can depend on the other input’s level.