1) Find a problem in which game theory or decision theory fails.
For examples not taking into account emotions or framing effects
and represent it using the concepts of game theory or
decision theory and solve it. It can be any kind of problem.
a. Compare your results with the real-life results.
b. In case the results do not coincide explain why. Which is the
element that the
theory does not reflect?
In: Economics
The Ministry of Natural Resources and Environment of your country steps up measures to control the pollution and hires you as an environmental economist to estimate costs associated with pollution control as the industries located along a river discharge highly toxic effluents into the river. What approaches and relevant issues will you take into considerations when estimating the pollution abatement costs? *10 marks question . Need explanations and diagrams tq*
In: Economics
In: Economics
1) What is the Keynesian school of thought relating to business cycles?
2) What are the strengths of the Keynesian school of thought?
3) What are the weaknesses of the Keynesian school of thought?
4) How has the Keynesian school of thought impacted economics/public policy over the last 80+ years?
In: Economics
If a central bank was concerned that a government's fiscal policy actions could potentially cause inflation, and the bank wanted to stop that inflation, what steps might the central bank take to offset the government’s efforts? Explain.
In: Economics
Discuss how the low oil price might affect the major oil supplying countries. (Base on your knowledge on Cartel and take Russia and OPEC as an example)
In: Economics
Discuss TWO benefits (Fighting inflation and fighting recession) the UK probably experienced as a result using their own currency.
In: Economics
I want 10 lines for each question. Do not copy paste. Understand the question and only write relevant answer. Thanks
1. Conventional Agriculture: Do the benefits of industrial agriculture (lower prices, abundant food, etc. ) outway the environmental drawbacks?
2. Population: In order to sustain a larger population with a high standard of living worldwide consumption in the united states has to decrease. What if anything are you willing to give up and why?
In: Economics
Consider the case of a Foreign monopoly with no Home production, and assume that at Home the inverse demand equation is given by: ? = −20? + 2,000 and the Foreign monopolist has a constant marginal cost of $500 (MC*=500).
a) Write the equation of the Marginal Revenue (MR)
b) Calculate the quantity and price of equilibrium before the imposition of the tariff
Now assume that the Home country imposes a tariff of $250:
c) Calculate the new price paid by Home consumers
d) Calculate the net-of-tariff price received by the Foreign monopolist
Please show work.
In: Economics
In: Economics
In: Economics
.1) Let’s assume that you want to open one of the following new businesses. What form of business ownership would you choose for each? Justify your answer and explain why you’ve chosen the particular business ownership form for each business below:
a) A Specialty coffee truck.
b) A planning service for business events such as the release of new products or employee gatherings.
c) A Marketing consulting firm.
d) Online service that aggregates and compares the price of grocery items in the UAE.
Q.2) Imagin that Noon and Namshi were to merge together. Clearly explain what kind of merger would this be and why? What do you think would lead to such merger? How do you think this merger would affect the top three stakeholders (Customers, Employees, Investors)? What benefits would the merger provide to both companies (name 1)? What new challenges do you think the merger would create for the two companies (name 1)?
Q.3) What is meant by SWOT analysis and when is it used? Conduct a SWOT analysis for AUS. You need to write 2 items for each 2(S), 2(W), 2(O), 2(T). Use examples in your answer.
Q.4) Q.4) One of the drivers of organizational change can be led by changes to the economic environment. With the recent economic changes that are caused primarily by the Covid-19, what changes do see happening in organizations in relation to “Centralization/Decentralization”. Please justify your answer and use examples.
In: Economics
Lauren plans to deposit $9000 into a bank account at the beginning of next month and $150/month into the same account at the end of that month and at the end of each subsequent month for the next 4 years. If her bank pays interest at a rate of 5%/year compounded monthly, how much will Lauren have in her account at the end of 4 years?
(Assume she makes no withdrawals during the 4-year period. Round
your answer to the nearest cent.)
$
In: Economics
In: Economics
When the mayor of Blagoevgrad faces re-election, the city workers go out and repaint the crosswalks, fill in the potholes on the streets, mow the grass and trim the hedges in the city parks in the week before the election. If we believe that the upcoming election causes the mayor to order the city cleaned up, and not that the tidy city causes there the be an election -- then we are using the? :
Group of answer choices
rational expectations theory.
Kenesian theory.
real business cycle theory.
reverse causation theory.
menu cost theory.
In: Economics