Organizations are currently open systems. Why are organizations considered open systems as opposed to closed systems? Explain various concepts/ways that help organizations be or become open systems. How can organizations remain open when the world is asked to socially isolate?

Which government policies are especially important in the decision about where to locate an international facility? Why do free trade zones often influence the location decisions of international businesses?

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 specific trade deals with policy papers or books from economic think tanks. Identify possible unintended consequences using supply-and-demand graphs, comparative advantage determining trades, and elasticity.

Assume that the supply for a product is given by the function: Qs = 20P and the demand by Qd = 1000 - 5P, where P is the value and Q is the quantity of the product, respectively.

(a) Calculate the value and quantity of equilibrium.

(b) If the government decides to impose a tax of € 10, determine which curve will be moved and in which direction: i. if the tax is collected by consumers. ii. if the tax is collected by the producers (ie tax on production).

(c) The government has finally decided to impose a € 10 tax and the tax will be collected by consumers. Identify the new equation of the curve that has shifted, due to the imposition of taxation and calculate the price and the amount of equilibrium, after the imposition of the tax of 10 €.

(d) Determine how much of the € 10 tax will be borne by consumers and how much by producers. Explain your answer.

1) Use the current oil crises to describe the shape of the kinked demand curve that oligopolies face.

2) Do you expect oil priced to jump back up, why/why not? When?  

3) What are some of the pros and cons of cheap oil? Do you prefer one set of trade-offs over the other? Please explain.

4) Provide another example of a cartel (see module for Maple Syrup and Phoebus Cartel info) Explain and provide details. Did it last? Why not?

A financial crisis is a form of a large, negative, temporary but persistent demand shock in the money market such that costs of borrowing unexpectedly increases for a given level of money supply.

1. Assume flexible exchange rate system. Use the IS-LM-FX model to illustrate the short-run effects of a financial crisis on output, nominal interest rate, exchange rate and investment.

2. Suppose the goal of macro policy is to stabilize output in the short run. What kind of fiscal policy would you recommend in response to the situation in Question 1?

3. Can we replace your fiscal policy in Question 2 with monetary policy? If you answer yes, explain what kind of monetary policy is desirable. If you answer no, explain why.

4. Suppose that the central bank switches to a fixed exchange rate regime before the financial crisis. How will your answer in Question 3 change?

5. Is it possible that this economy remains stuck in lower output than before financial crisis despite efforts to stabilize output? Explain your reasoning. Does your answer depends on the exchange rate policy?

Show how growth rate of GDP per capita is related to the growth rate of GDP per worker and growth rate of working-age fraction of population. How does the effect of population redistribution reduce the average growth rate of income in the world? Explain this (composition effect) by providing examples.

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)