Category: Economics

Essay 1 Based on your reading of chapters 1,2,3 &4 write and present an essay in which you will express your opinions about what you consider the most important concepts discussed in the chapters. You will select the concepts you wish to write about and develop your essay accordingly. The completed essay must be submitted…

Find the Economist article titled “Free Exchange Diminished Expectations” in the Files folder on the Canvas page. After reading the article compare and contrast the views of neoclassical and New Keynesian economics. How did the 2008 financial crisis challenge these views? Respond to these questions

Reflect on the Week 10 lesson and write a one-page essay discussing the size, composition, and consequences of the U.S. public debt.

How is price established in a monopolistic competitive market? Focusing on the airline industry, why is the upper portion of the kinked demand curve elastic, and the lower portion inelastic? Support your response with information from your reading and/or the broader Internet.

How did the open skies agreement between the EU and the US reduce the barriers to entry? How are LCCs in Europe affected by the EU open skies agreement? Why have the US LCCs not been similarly affected? Support your response with information from your reading and/or the broader Internet.

What is the price elasticity of demand? Please provide some examples of products that have elastic, and those with inelastic demands, and explain your reasoning. Support your response with information from your reading and/or the broader Internet.

What are the main differences between micro and macroeconomics. Give a (unique) example of each. Explain what the concept of opportunity cost means in economics and give two (unique) examples. Support your response with information from your reading and/or the broader Internet.

How do airlines use price discrimination to maximize revenue based on elasticity of demand? Give an example. List the conditions that are needed for successful price discrimination. Support your response with information from your reading and/or the broader Internet.

Make one argument for and one argument against passing a balanced budget amendment for the federal government.

report should contain 3 main sections: Introduction, Literature Review, Conclusion. Use Times-new-roman – Font size 12. Bold your subtitles. Insert page numbering on all pages except for the cover page. At the end of your report, you should give a list of all references Inside your report, you should reference all text taken from these…