1) Does the U.S. have a monopoly problem? Why/not? Support your response with research.

2) Listen to the Planet Money Indicator podcast "Google's Mobile Monopoly" (Links to an external site.) and identify the barriers to entry in the tech industry that enable Google to realize it's monopoly/near monopoly. (remember to use additional resources as well)

3) Provide a separate example of a monopoly/near monopoly (natural or not) and comment on the barriers to entry in that industry. Please be specific.

4) Read "Anti Trust Laws - A Brief History" (Links to an external site.) and explore the resources below to comment on the field of antitrust in today's business climate. Should companies like Amazon have so much power (Links to an external site.)?  

a) Show that when relative PPP holds, r(AU) = r(EU). Note: r denotes real interest rate.

b) Assume that worker productivity is expected to increase in the European tradables sector in the future. Assume further that worker productivity is expected to stagnate in European non-tradables sector as well as in all Australian sectors (tradables and non-tradables) in the future. What implication does this have on the difference between real interest rates in Australia and Europe?

c) Do real interest differences imply unnoticed profit opportunities for international investors? Explain.

1) Define - Look it up, provide a verbatim description from text or other resource.

2) Paraphrase - Put it in your own words, use vocabulary familiar to you and find a way to easily explain the term/concept to someone else.

3) Connect - Examine how the term/concept is present (or lacking) in your life. Provide a story/example of a time when you have noticed/evaluated the term/concept as part of your experience.

Additionally,

4)Please investigate the history of economics and report (Chronologically) on some of the major players/schools of thought and their contributions to the field.

reference

Analyze the Stimulus Plan passed by Congress on March 27. How well do the measures address the problems the economy is facing? How well do they protect the most vulnerable people in our economy? What alternatives would you propose to improve or supplement the bill? Has the Coronavirus changed your opinions or offered new arguments on major economic policy issues, such as Medicare for All, Sick Leave or Family Leave, or other issues. Explain.

5. Can the government and the central bank work together to prevent crowding out effect? Use an IS-LM diagram to explain the steps. What should be done by the government and the central bank? Explain your answer.

1. Recently the United States has renegotiated several trade deals before the outbreak of the Coronavirus. Then, as countries have isolated themselves, international trade has suffered. Analyze the repercussions from the virus with policy papers or books from economic think tanks. Identify possible unintended consequences using supply-and-demand graphs, comparative advantage determining trades, and elasticity.

What are the four components of a country’s current account of the balance of payments. Name and briefly describe what each component consists of. (4)

Start with a short-run Phillips curve (PC) showing 8% unemployment and 3% inflation. Now show with a diagram and describe what policy you would use to reduce unemployment to 5%. What is the outcome? Show the likely final result with another PC diagram. (4)

1. Team A and Team B are competing in the following game: There are 25 flags planted on the beach. On its turn a team may take 1, 2, 3, or 4 flags. The team that takes the last flag wins. Team A chooses first. You are the captain of Team B. Using backward induction, devise and explain a strategy that guarantees your team will win.

What is the role of metrics in social media marketing programs? How do the metrics used in decision-making vary at different levels of the organization?

1. Macaroni Unlimited, Ltd. (MUL), is trying to decide whether or not to enter the spaghetti sauce market. It knows that its actions will be closely monitored by the local spaghetti sauce monopoly, Sicilian Scintillations (SS), which can then choose whether or not to set a high price for sauce or a low price. If Macaroni Unlimited does not enter, it earns profits of zero. If it does, then its profits depend on SS's price. If the price is low, Macaroni Unlimited loses $100. If the price is high, it makes $50. SS's profits with a low price are $10 if MU does not enter and $70 if MU does enter. SS's profits with a high price are $200 if MU does not enter and $50 if MU does enter.

a) Draw this game in the Normal Form (the boxed table like in this Module, payoff matrix).

b) Does either firm have a Dominant Strategy? If so, which?

c) Find all of the Nash Equilibria (in pure strategies).

How has the study of trade patterns evolved over time, and in the light of empirical testing of trade models

1. (3 pts.) Of the following alternatives, which is the best measure of the economic satisfaction of the

members of a society:

A. Nominal GDP

B. The rate of in

C. The value of corporate prots

D. Real GDP

Suppose the world price of banana is P* and Ecuador decides to offer its banana exporters an export subsidy $s/unit. Use a graph of domestic demand- and supply-curves and:

(a) show the effect of the export subsidy on Ecuador's banana price, domestic supply, domestic demand, export quantity, consumer surplus, producer surplus, and government expenditure assuming Ecuador is a small country;
(b) identify Ecuador's net welfare change as a result of the export subsidy assuming Ecuador is a small country;

(c) Assuming a production subsidy is used instead, show the effect of the production subsidy on Ecuador’s banana price, domestic supply, domestic demand, export quantity, consumer surplus, producer surplus, government expenditure and total welfare assuming Ecuador is a small country.

(d) Between export subsidy and production subsidy, which would be preferred by the consumers?

(e) Between export subsidy and production subsidy, which would be preferred by the domestic producers?

(f) Between export subsidy and production subsidy, which would be more desirable to the country?