Economics

Have you ever wondered how market systems and policies work? Have you thought about influence policy has on the topics of capitalism, market, and economic systems? In this assignment, you will explore and demonstrate knowledge of capitalism, market, and economic systems and policy gained through the assigned readings and additional research.

Write a 750-word essay that includes the following elements:
*Types of economic systems used in the United States
*How economic systems vary between the U.S., China, and Russia
*Description of a political system
*Knowledge of political systems gained from your personal experience
*Political system(s) that you lean towards
*How political policies are used in the United States compared to another country in the world
*Identification of several of the alleged “virtues” and “vices” of capitalism
*Explanation of the difference among political systems, economic systems, and economic policies

Use current APA formatting. Include a title page and a reference page with at least four references.

Explain the price elasticity of demand in Verizon’s market structure and its effect on its pricing decision.

Must have at least one scholarly, peer-reviewed, and/or other credible sources in addition.
one access point to scholarly sources.

For the term paper, you are required to pick a current economic topic that relates to the material we have covered or will cover in this course. You will research and find an article that covers the topic you have chosen. You can use an article online or offline from any reputable source. You will write up a review of the article and integrate course concepts into your review. Please make sure you both summarize the article and discuss how it relates to the course.

The main purpose of the paper is to show me that you are able to apply the concepts you learned during our firm and market structure section (Chapters 13-17).

Identify a firm. You will be doing research on this firm. Specifically, try to answer the following questions:

What market structure does this firm participate in? How do you know?
What are some types of costs that this firm faces? What are its largest costs? Be specific. (You may want to research actual numbers).
Is the firm profitable? Why or why not? Is it experiencing economies of scale? How do you know?
What is the long-run outlook for this firm? Be sure to support your answer.

Once you have done research adequately addressing these four areas, write a well-organized paper describing your findings. YOU SHOULD NOT SEND A LIST OF YOUR ANSWERS TO THE FOUR QUESTIONS. THE INFORMATION NEEDS TO BE SYNTHESIZED INTO AN ACTUAL PAPER. As part of the paper, be sure to show a representative graph of your firm. This graph will depend on the market structure of the industry it participates in as well as whether it is making a profit.

Papers will be graded by the following rubic:

Give a brief overview of the event i.e summary of your source article.
Discuss how your article relates to concepts that we discussed in class. A discussion of supply, demand, prices, shifts, etc is essential.
Think of ways economics could be applied to the situation that were not discussed in the article.

Papers should be no more than 2 pages long. Graphs and works cited do not count towards your page limit.

You will receive up to 2 points
or a paper that is well-organized, grammatically correct, and contains a works cited page. Points will be deducted if the paper is weak in any of these areas. Thus, the maximum grade you can receive is 5. You may use MLA or APA format.

apply and analyze macroeconomic theories and models using a national or global event. This event may be current, historical, political, or social. Students must find and research at least five academic articles to conduct their analysis. Students will use articles to write papermaking and defending a claim or argument regarding the event. This is NOT a paper about what happened, but about why it happened, how it happened, or what will happen as a result. YOU MAY CHOOSE THE TOPIC AND IT ALSO NEEDS TWO CHARTS FROM THE WEBSITES YOU USE. THE WEBSITES HAVE TO BE FROM EDU, NET, GOV, ORG. IT MAY NOTTTTT BE (.COM)

How do prisons work to accommodate juveniles, individuals with a mental illness, and individuals with a substance use disorder?  Identify a Human Service program meant to address the needs of these populations while they are involved in the correctional system 

Chapter 9: Competitive Markets for Goods and Services Part 1 Consider the following goods and services. Which are the most likely to be produced in a perfectly competitive industry? Which are not? Explain why you made the choices you did, relating your answer to the assumptions of the model of perfect competition. Please address all of the examples below in your discussion.1.    Coca-Cola and Pepsi2.    Potatoes3.    Private physicians in your local community4.    Government bonds and corporate stocks5.    Taxicabs in Lima, Peru—a city that does not restrict entry or the prices drivers can charge6. Oats Chapter 10: Monopoly Part 2A monopoly firm faces a demand curve given by the following equation: P = $500 ? 10Q, where Q equals quantity sold per day. Its marginal cost curve is MC = $100 per day. Assume that the firm faces no fixed cost. You may wish to arrive at the answers mathematically, or by using a graph (the graph is not required to be presented), either way, please provide a brief description of how you arrived at your results.a)    How much will the firm produce?b)    How much will it charge?c)    Can you determine its profit per day? (Hint: you can; state how much it is.)d)    Suppose a tax of $1,000 per day is imposed on the firm. How will this affect its price?e)    How would the $1,000 per day tax its output per day?f)    How would the $1,000 per day tax affect its profit per day?g)    Now suppose a tax of $100 per unit is imposed. How will this affect the firm’s price?h)    How would a $100 per unit tax affect the firm’s profit maximizing output per day?i)    How would the $100 per unit tax affect the firms profit per day? Part 3Respond to the following question in at least three well composed paragraphs: What are the necessary conditions for a monopoly position in the market to be established?

Financial crises, such as the one that impacted many developed countries starting in 2007, decrease banks’ ability and willingness to make loans.Decreased availability of credit decreases businesses’ ability to make investment purchases and consumers’ ability to buy goods and services. As aresult, a financial crisis is a negative shock for an economy.The following graph shows an economy’s aggregate demand curve and its short-run and long-run aggregate supply curves after a financial crisis haspushed it into recession. Suppose that the government decides not to use a stabilization policy and allows the economy to adjust on its own.Determine which curve, the aggregate demand curve or the short-run aggregate supply curve, shifts when the economy adjusts in the long run. Useeither the blue line (circle symbol) to plot a new aggregate demand curve or the orange line (square symbol) to plot a new short-run aggregate supplycurve to show the economy in long-run equilibrium. Make sure the curve you plot is parallel to one of the existing curves.Note: You can check the slope of each line by selecting it.(?)200LRAS180O160New ADAD140-0-PRICE LEVEL120New SRAS10060BRAS4020101214161820REAL GOP (Trillions of dollars)Which of the following statements best describes how the economy will adjust on its own in the long run?O Low unemployment contributes to an increase in aggregate demand, and the aggregate demand curve shifts tothe right until the economy is back at the long-run equilibrium.O High unemployment contributes to a decrease in aggregate demand, and the aggregate demand curve shifts tothe left until the economy is back at the long-run equilibrium.Wages and resource prices fall, and the SRAS curve shifts to the right until the economy is back at the long-runequilibrium.Wages and resource prices rise, and the SALAS curve shifts to the left until the economy is back at the long-runequilibrium.

Note: There is only one written assignment due at the end of the course.The course paper is due at the end of week 4. It is announced in week 3 only as a reminder so you can start working on your paper if you have not done so already. The objective is to explain macroeconomic concepts in your own words with real-world examples, and to improve writing and research skills.For your course paper, you may either: A)Summarize a topic covered in one of the chapters in the text that may have interested you the most. Below is a hypothetical example of steps a student might take in completing the course paper: You become interested in chapter 7, “Taxes”- (Note: this is not a macroeconomic topic).You define and explain your chosen topics, such as “the incidence of tax”, “excise tax”, and “burden of taxation”. You organize your notes on relevant points sequentially. You find fairly current or recent articles, or information relevant to your chosen topic. (For example: How a 5% hotel room occupancy tax imposed on tourists visiting San Diego may affect price, quantity demanded and supplied, and how the burden of the tax is shared between the buyers and the sellers).You offer concluding remarks that may be subjective but supported by economic reasoning.This essay should emphasize quality rather than quantity and should be at least 4 pages, not including bibliography.OR, you may:B)Choose one of the following macroeconomic topics, or, choose your own macroeconomic (not MICROeconomic) topic: Does expansionary fiscal policy help or hinder economic growth? Why was the Federal Reserve Bank in favor of raising the interest rates while the present administration was against it? How can the recent tariff wars affect foreign currency exchange rates and maybe the consequences on the domestic economy? Howandwhenwas the Great Recession of 2008 recovered? Do you think the economy is headed for a recession? why or why not Once you have selected a topic, be sure to conduct a thorough Review of Literature on the subject. The minimum length of your course paper is4 pages, double-spaced without the title page and the page on references. There is no upper page limit for your paper. Organize your paper with five sections: Introduction and objective. Make sure the objective is specific. Literature Review. Conduct a search on the topic of your paper and summarize the works of others similar to what you are writing on. Be sure to follow APA guidelines. The following link contains the basics of APA style guidelines:http://www.apastyle.org/learn/tutorials/basics-tutorial.aspxAnalysis: Analyze your topic with reference to the objective. Summary and conclusion References. Provide at least two references, at least two of which must be scholarly books and /or journals.You are welcome to send your topic and the objective of your paper to your instructor by the end of the first week so that she/he may provide additional guidance.

Jessica manufactures components for a product. She has sued one of her customers, Michael, in the United States for payment. Michael claims that the components that Jessica delivered were defective. They are now negotiating a possible settlement. Jessica is asking the court to award her 400,000 in damages and she agreed to pay her attorney a 30% contingency fee. There is a 50% chance that she will win. If they go to court, she estimates that Michael’s attorney’s fees will total 80,000. Based on a decision tree calculation, the value of Jessica’s litigation BATNA based only on these facts is