Suppose a pandemic virus strikes and public health experts recommend everyone voluntarily stays at home until the spread of the virus subsides. For this analysis, assume the players are You and Everyone Else and each of you has the choice between staying at home or going out. If everyone goes out (regardless of what you do), then the pandemic will last longer and everyone receives a payoff of -3. Going out is worth a payoff of 2 (e.g if everyone goes out, then the payoff would be -3+2=-1 for every person that went out).

a. Draw a normal form representation of this game.

b. Do you have a dominant strategy?

c. What is the Nash equilibrium?

d. What does this suggest about public policy and voluntary stay-at-home orders?

The global economy is under significant stress to include U.S. state and local governments given expectation of lower income taxes and lesser fees and tolls.

a) How should expectations of financial stress impact the yield of municipal debt given actions by investors to include individuals and mutual funds?

b) whether the supply or demand curve within a loanable funds framework (% and $) should change and in what direction. Should state/local governments expect to pay more or less to borrow?

(150 words-300)

What is the link between institution and development? Explain practical evidences (considering any case studies you are familiar) that show the direct link between these two?

Conflicting Monetary and Fiscal Policies

We have yet to fully define the makeup and design of the Federal Reserve system, but during our discussions of the problems relating to fiscal policy the fact it sometimes conflicts/coincides with monetary policy was mentioned. I would like each of you to research the history of any/all such instances of when these policies either conflicted or coincided with one another and write a one-page summary of one occurrence. Be sure to include examples of the real-world effects this situation created on our economy.

(150 words-300)

What is the link between institution and development? Explain practical evidences (considering any case studies you are familiar) that show the direct link between these two?

(150-300 words)

Of the factor that influences globalization, liberalization of trade is more of a recommendation to the south not only to control their market but also to dictate their political strategy. Why and explain

The importance of inflation resides ultimately in its overall effects on the standard of living of a people. Discuss

Please refer to the case Negotiating with Chinese Business Partners: what are you going to give us by Stephen Grainger. And answer the following question.

What should the EDC directors do now? Provide support for your response.

You have been asked to assess the industry position of Facebook Social Media using Porter’s Five Forces and, based on your assessment, offer 3 ways, by which globalization can reduce Facebook’s single-handed influence on social media and using it to shape public opinion.

a)         Jasmine makes quarterly deposits of $1,000 into a savings account that pays 4 percent compounded monthly. How much money will she have in her account in 25 years?

2. Jasmine makes monthly deposits of $1,000 into an investment account that pays 4 percent compounded quarterly. How much money will she have in her account in 25 years?

3. Gabriel deposits $1,000 at the beginning of each month into an investment account that pays 4 percent compounded monthly. How much money will he have in his account in 25 years?

1. One of the basic principles of classical growth theory is that over time, levels of economic activity should converge in most countries and that we would enjoy equal levels of prosperity. While we view some evidence of convergence, we also observe the continuation of stark and deep levels of global inequality

1. In one small paragraph, use our production function analysis to explain why we might predict economic convergence.
2. In an additional paragraph, use our production function analysis to explain why we might not be experiencing convergence.
3. What country are you a citizen of? Use the growth theory you have used in your previous answer to explain whether you are part of a country that is either:

1. Catching up to advanced capitalist countries,

2. Being caught up to by more rapidly growing countries, or

3. Still experiencing a big gap in living standards with no immediate prospects of catching up.

Briefly explain why the country you are a citizen of falls into the category you have chosen.

Development is possible in the absence of growth in an economy. Discuss

Tesla Corporation (TSLA) stock has been in demand over the past year, tripling in value between July 2019 and January 2020, despite reporting losses in two of the last four quarters. Autonomous vehicle technology is poised for introduction in urban and long haul applications by companies such as Plus.ai. In an interview with Quartz, Bill Gates suggested that taxing robot output could help cover the shortfall in social services due to lost jobs and help pay for the increase in social services and support needed by displaced workers. An article in The Atlantic Magazine (A World Without Work) lays out the impact of automation on jobs and eventually on the default social contract in most capitalist societies. A review of a book with the same name provides additional insight.
Please research the topic of automation and its impact on an individual’s ability to monetize their human capital. Given the idea that humans need to contribute to society to feel fulfilled and happy, please respond to the following:

What is your personal philosophy about firms using automation without regard to its impact on society?

1. The monetary base will _____________ and money supply will __________ when the Fed sells bonds via an open market operation.