Description Here are additional details: Happy Spring Break! I am writing to provide some additional details about the 2nd writing assignment (outline and data description). 1. The assignment is due on March 13th, and the expected length is 2-3 pages. 2. Basically, this assignment builds upon your assignment 1 and adds new stuff. Specifically, you need: A clear introduction (1-2 paragraphs) describing your trade issue. You should clearly state your research question (E.g., how does X affect Y?), and then explain why it is interesting/worth studying. Tell us how you plan to study the question, and relate your question with the theories you've learned in class. Think of this introduction as the intro paragraphs in your final draft--if you do well this time, you can just use the content for your first draft and final draft! A draft of your data section: this time, the expectation is higher than in assignment 1. You need to: Tell us the data source(s) you are using, the years of data you plan to use, and the variables you will use. What is your Y variable? What is your X variable? What control variables (on the right hand side of the regression model) do you plan to use? Plot your data: You can do the plot however you want (Excel, R, Stata, etc.). For this assignment, we won't put too much emphasis on the plot. We will, however, run 1 or 2 workshops (after the spring break) on using RStudio to do empirical analysis, and we will have a higher expectation about your plot in assignment 3. You can plot the relationship between X and Y using your data. Alternatively, you can plot the Y variable (e.g., Mexico's export value of automobiles to the US) across time. Plotting the data gives us a better understanding of your dataset. Your regression model: clearly write out your regression equation: Y=b0+b1x1+b2x2+......+error term. Tell us what's your y, x1, x2 variables. Also tell us how you plan to interpret the results: e.g., what does b1 represent? how are you going to interpret the coefficients? For this assignment, you don't need to actually run the regression and produce the results (yet)--although you are welcome to do so if you want. What we really care about is that you have a well-built regression model, and you clearly describe the variables and the coefficients. You can refer to the lecture slides on January 18th (Intro to Writing Project) for more details. Page 16 to 22 of the slides have the relevant information. Here is the feedback I got from the topic proposal: In terms of data sources: you listed several data sources. It'll be great if you can also tell us which years of data you'd like to use. Also, you mentioned you will use "Restrictions and obstacles on the importation and exportation of cement, such as tariffs and trade barriers" as one of your variables. You can tell us what trade barriers, or what tariffs are you planning to study--be more specific about it.
Description Complete 8 multiple-choice questions, two fill-in-the-blank questions, three short-answer questions and a discussion question based on the reading I gave. For the short answer questions, please keep responses brief. Less is more. Be concise. You may use the book, our class lecture notes, discussion summaries, etc. to answer questions, but please be sure to use your own words. Do not copy from the textbook or any other source material. Be sure to properly reference anything that is not your own words.
Description Exchange rates can be understood as the price of one currency in terms of another currency. They affect the macroeconomic performances of countries since the exchanges have impact on international trade and flows of international investment. Exchange rate regimes (systems) are the frame under which the price of the exchange rate is determined. There are several types of exchange rate systems. Based on this background, thoroughly respond to the following questions. Assignment Questions Compare and contrast how exchange rates are determined under the fixed exchange rate system, floating exchange rate system, and pegged exchange rate system. Be sure to discuss the advantages and disadvantages of each system. Consider the pros and cons of free trade. List two specific ways that free trade positively contributes to the improvement of economic well-being in the U.S. economy and stimulates long-term economic growth. Explain. List two specific ways that free trade negatively contributes to the U.S. economy and long-term growth. Explain. In your opinion, do the pros outweigh the cons? Why or why not? Why are U.S. exports and imports of goods and services based on the principle of comparative advantage of trade and not absolute advantage? Explain. Why do countries impose trade restrictions on goods and services they import from other countries? What are the pros and cons of trade protectionism like tariffs on the U.S. economy? What are the impacts of currency devaluation and revaluation on the international trade? What is currency (exchange rate) war? How does it affect trade between countries? What are the impacts of currency manipulations on the U.S. trade?
Description Assignment: Fortune 500 Companies In this assignment, you will broaden the scope at how the firm functions in different parts of the world and what it can do to maximize its effectiveness as a global organization. A strategic audit will be performed and forecasts will be made for the next two years. For this assignment, use the same Fortune 500 Company that you have already researched in Unit 4. The focus here is on both domestic (American) and global operations. The assignment incorporates how the firm functions in different parts of the world and what it can do to maximize its effectiveness as a global organization. Course Outcomes practiced and assessed in this assignment: GB540-4: Integrate concepts of regional, national, and global economic behavior with macroeconomic theory. PC-4.1: Assess the value of multiculturalism and diversity in a global environment. Directions Begin by reviewing the following websites as resources for your assignment: Organization for Economic Co-operation and Development (OECD) S. Department of Commerce S. Bureau of Labor Statistics Select 6–10 macroeconomic indicators that are of particular relevance to your firm and explain how they affect the performance of the company. You need to include relevant data for the macroeconomic indicators you selected in the form of tables and graphs for a few years. Outline strategies on how the firm should respond to the changes in the economic indicators with the goal of maximizing revenues in the years ahead. How have they done in the past? What is their current state? What kinds of plans and possibilities do they have for the future? Is there room for improving what they do? Should new ventures be added or old ones subtracted? Then, discuss the firm’s global operations, and their influences on the regional and national levels. You also need to assess the value of multiculturalism and diversity in operating (managing) a company in a global environment. As you can see, the field is wide open for you to construct your paper in the most relevant way you see fit.
Description Trade, Economic Growth and Job Creation The gains from specialization and trade are based on comparative advantages, which reflect the relative opportunity costs of production. When countries specialize in producing goods and services for which they have comparative advantages, total production in the global economy rises. Trade advocates argue that this increase in the size of the economic pie can be used to make all trading countries better off through international trade. Economists also use the principle of comparative advantage to advocate free trade among countries as a better policy. Based on the above summary and the detailed descriptions of the international trade issues in the textbook (Chapter 40) discuss the following questions. Does free trade contribute to the improvement of economic well-being? How does trade stimulate long-term economic growth? Explain. Who gains and losses from free trade among countries, and how do the gains compare to the losses? Explain using examples. Do you think the U.S. export and import of goods and services are based on the principle of a comparative advantage of trade? Explain. Why do countries impose trade restrictions on goods and services they import from other countries? What are the pros and cons of trade protectionism? What is the impact of free trade on domestic job creation policy? Elaborate with examples.
Description Instructions Directions: The problem set answers should only contain answers. Do not retype the questions. All answers are to be black font, typed, including any calculations. Answers should be given in a paragraph form that provides a thorough explanation. A one sentence answer is not adequate. Even in the case of calculations, they should be explained. Graphs are to be neatly hand drawn. Graphs are to be clearly labeled Graphs are to be inserted into the paragraph of the answer All answers are checked by Turnitin for plagiarism. You should be doing your own work. Question 1 : A country with a civilian (work-eligible) population of 90,000 ( all over age 16) has 70,000 employed and 10,000 unemployed persons. Of the unemployed, 5,000 are frictionally unemployed and another 4,000 are structurally unemployed. On the basis of this data answer following questions : a) What is the size of the labor force? b) What is the unemployment rate? c) What is the natural rate of unemployment for this country? d) Is this economy in recession or expansion? Explain. Question 2) Using the equation 8.3 in the attached picture and the following information to answer the question. In 1969, President Nixon earned a salary of $200,000. The CPI in 1969 was 36.7. In 1980, President Reagan also earned a salary of $200,000. The CPI in 1980 was 82.4. How much would President Nixon's salary be in 1980 dollars. Is it larger than President Reagan's? And if so, what is possible explanation Question 3) Is the inflation rate that is reported by the US department of labor statistics accurate? If not, what is one possible explanation for the inaccuracy?
Description Assignment Directions The economic growth and trade competitiveness of countries can be influenced by the economic, political, and cultural development within the country. There are several countries that can be compared to see how a successful economy’s decisions differed from a less-successful economy. Step 1: Select Economies Review the pairs of economies listed below. Each pair has 1 highly successful country and 1 less successful country, except for NAFTA /EU. NAFTA vs. European Union (world’s two largest economic entities) China vs. India (world’s two most populous countries) South Korea vs. North Korea (two polar economic opposites, one people) Venezuela vs. Saudi Arabia (world’s two largest sources of oil reserves) Nigeria vs. Democratic Republic of the Congo (functioning government and civil order vs. struggling government and violent clashes among factions; note: the Republic of the Congo is not the same country as the Democratic Republic of the Congo) Research the economies for your chosen pair of countries. Compare similarities and differences between your chosen countries/economies. Continue to Step 2: Create a Presentation Step 2: Create a Presentation
Description In the hope of high returns, venture capitalists provide funds to finance new (start up) companies. However, potential competitors and structures of the market into which the new firm enters are extremely important in realization of profits. Among different market structures, which one do you believe provides the highest possible return for a new company and why?
