Category: Economics

  • “Hands-On Excel Exercise: Data Analysis and Visualization”

    Attached are the instructions for the hands-on exercise for this week. Please be sure to complete all of the components outlined in Excel, and answer the questions in a Word document. You must upload both documents as Excel and Word.

  • Cost-Benefit Analysis of High-Speed Rail and Hyperloop in California

    please answer the questions on the sheet. it should not take long at all. please be done by 11:30!! Transportation is a critical issue facing California. As its population expands, the State will need to develop a new form of travel to provide its residents with increased mobility and support its growing economy. Two solutions to this problem have risen to the forefront, the High-Speed Rail (underway) and the Hyperloop (compressed zero-friction form transportation). (Cite: USC Price School Hovanes Gasparian and Kelley Groves).
    The Governor of California has asked you to perform a cost-benefit analysis on whether the state government should invest in a high-speed rail system or a hyperloop.
    The high-speed rail will include 800 miles of track, run up to speeds of 220 mph, and have stops in Los Angeles, San Francisco, Sacramento, the Inland Empire, Orange County, and San Diego (Catherine et al., 2011).
    The Hyperloop system of travel comprises reduced-pressure, elevated tubes that propel passenger capsules at a maximum of 586 mph (Musk, 2013). Its route would mirror California’s Interstate 5 between the Northern San Fernando Valley in Los Angeles to the Hayward/Castro Valley area in San Francisco and will have the ability to travel this distance of 327 miles in approximately 35 minutes. There will be a total of 40 capsules that have the capacity to carry 28 passengers each (Musk, 2013).
    Below are data tables from the USC Price Hyperloop report.
    Cost Tables
    Benefit Tables
    Part A: To complete this homework, you must use the provided tables to analyze the non-discounted values and assign a decision rule
    Week 07 Homework is an excel assignment. Please complete the following assignment using excel. You do not need to provide the excel sheet. However, you are unable to complete a question without using the excel functions identified in each question. Please note that we will be asking you to develop a model and then solving for a set of functions.
    Some advice on the homework…
    Start Early: make sure to give yourself time to read the chapter before starting the homework. Make sure to flag concepts and use that to review material when doing the homework.
    Use a Study Method: It is helpful to have a method for evaluating each question. Consider each concept raised in the question stem. There are no trick questions.
    Check Your Work: review your work before submissions. Proofread: Make sure to review your explanations and proofread.

  • Title: “US Economic Growth: Short-Term and Long-Term Outlook”

    find news article published within the last month that disicsses US short-term and long term economic growth. summarize key points using macroeconomics terminology. 1 reference

  • “Analyzing Macroeconomic Variables in Michigan: Unemployment, Labor Force Participation, and Inflation” Michigan is a state that has experienced significant economic changes in the past decade, including the effects of the Great Recession and the resurgence of its automotive

    Purpose: Increase understanding of the economic concepts of unemployment, labor force participation, and inflation; practice research techniques to pull current and historical data; and then connect the changes in data to possible real-world causes.  
    Task: Working individually, each student will investigate the macroeconomic variables for one state in the USA in order to compare current levels to those of the past. Type up a 4-5 paragraph (minimum of 4-5 sentences each) essay. Be sure to include a  citation for all sources used. Upload your original work as a Word.doc or PDF into the Go View Assignment dropbox.
    Selection of State: Michigan
    Criteria: Select at least one macroeconomic variable to explore for your state (level of unemployment, employment trends, labor force participation, inflation, etc). Any variable that has been covered here in Unit 4 (or our previous units) is fine to include. 
    Using sources such as the1. Bureau of Labor Statistics, 2.  FRED: Economic Data by the St. Louis Fed, or other reliable resources (you will need to include a listing of sources used; so be sure to save information on each one you use), provide the current data (with “current” defined as within the past 12 months) and then compare to historical trends.  
    Questions to consider include: 
    1. What is the current unemployment rate for your state? How has it changed in the past 5 or 10 years? What is at least one potential cause for the changes your state saw in unemployment over the past 5-10 years?
    2. What is the current labor force participation rate for your state? How has it changed in the past 5 or 10 years? What may have caused the changes? What is at least one potential cause for the changes your state saw in labor force participation over the past 5-10 years?
    3. What was the inflation rate for your state for the past year? How has it changed in the past 5 or 10 years? What is at least one potential cause for the changes your state saw in prices over the past 5-10 years?
    4. What changes in industry has your state experienced in the past 10 years? How might new firms entering your state or firms leaving impacted the 
    employment trends in your state? 
    THE STATE CHOSEN IS MICHIGAN

  • Title: “Bridging the Gender Pay Gap: Economic Policies for Increasing Female Participation in the Paid Economy”

    2023 Nobel Prize laureate Claudia Goldin states that unequal division of caregiving and household responsibilities play a key role in the gender pay gap. what economic policies could governments implement to increase female participation in the paid economy?

  • Collaborative Peer Review: Introduction to Course Project Introduction to Course Project: The Course Project for this class is a comprehensive research paper on the topic of mental health in the workplace. This topic is particularly relevant in today’s society, as mental health issues

    This week’s discussion is a collaborative peer review. For your first post, introduce the topic of your Course Project and either attach to or embed in the body of your post a copy of your favorite section of your Course Project by Wednesday.

  • Applying Economic Concepts to Managerial Decisions Applying Economic Concepts to Managerial Decisions: Homework Week Three

    Welcome to Economics for Managerial Decisions, ECO 607.  I am looking forward to working with you as we discuss how economic concepts and theories can be applied to decision-making in a business setting. 
    Week Three Homework
    Hide Assignment Information
    Instructions
    Chapter 9 #2, 9 from QUESTIONS
    Chapter 10 #2 from QUESTIONS
    Chapter 11 #2 from PROBLEMS

  • “Financial Analysis of [Institution Name]: A 5-Year Trend Analysis of Key Performance Indicators and Budget Data”

    I have attached the instructions, but will also put them below.  It does not paste well, so please open the attached instructions.  
    You will develop an Excel spreadsheet with 5-year trend data on a variety of key performance
    indicators and budget items showing the financial status of the selected institution.
    The US Department of Education’s National Center for Education Statistics coordinates the
    Integrated Postsecondary Education Data System (IPEDS) surveys every year. The IPEDS
    surveys are federal requirements of all institutions that receive Title IV aid. IPEDS data are
    especially helpful for enrollment and budget analysts to compare their institutions with
    peer institutions. Use link: Retrieving IPEDS Data for Selected Institutions in the
    Learn section for a helpful video tutorial with the step-by-step instructions.
    In this assignment, you will download data that are publicly available from IPEDS (if you cannot
    locate the information from your own institution’s website). Use the most recently available 5
    years of reported data for the following most important key performance indicators and budget
    data that must be included in the spreadsheet:
    1. Fall Enrollment
    • Student Financial Aid and Net Price
    • Number of undergraduate students awarded federal, state, local, institutional or
    other sources of grant aid
    • Percent of undergraduate students awarded federal, state, local, institutional, or
    other sources of grant aid
    • Average amount of federal, state, local, institutional, or other sources of grant aid
    awarded to undergraduate students
    • Number of undergraduate students awarded federal student loans Other capital assets – ending balance
    You are welcome to provide additional information as a means of preparing broader context
    about the institution. Because of the amount of details required for this budget assignment, it is
    recommended that you use multiple worksheets within the same Excel file instead of placing all
    the data into the same worksheet.

  • Title: Ethics Statement for Global Expansion of Company’s Product

    Create an ethics statement for the new product.
    Assuming that you have decided to sell your company’s product to a foreign market, which entry mode would you recommend and why?
    For a global expansion of marketing for your company’s product, which product, pricing, distribution, and promotional strategies would you recommend and why?
    Considering the ethical implications of selling your company’s product in domestic or foreign markets, write a brief ethics statement that captures how your company’s brand and product address environmental sustainability and social justice issues.

  • “Macroeconomic Challenges and Policy Recommendations for the Incoming Administration: A Report from the Outgoing Chief Economic Policy Advisor”

    You have just completed your seven-year term as the chief economic policy advisor responsible for managing the economy of our country You are expected to create a report for the incoming administration. In this outgoing report, you will select what you consider to be the most important macroeconomic issues facing our country and policies to address them. 
    1. Summarize the two economic issues and document why it is considered an issue.
    2. Use up-to-date DATA to illustrate issue. Data should be displayed w/ single decimal place.
    3. Use critical thinking to analyze the issue using economic concepts and theory learned in our
    class
    4. Present two policy recommendations based on this issue
    5. Use additional references to back up your arguments
    6. Include at least one graph (supply and demand, AS/AD, Aggregate Expenditure) developed in
    the course to illustrate the impact on economy of your recommendation to address the issue.
    Supporting charts and tables are also encouraged.
    7. Use clear and effective writing in your presentation.
    Possible concepts include (this list is not exhaustive. If you have a particular topic in mind, please reach out):
    • Addressing consequences of Covid-19
    • Economic growth/expansion
    • Taxation
    • Government spending
    • Labor market, wages, and income inequality
    • Poverty and public policy
    • International trade
    Your paper should:
    • be a total of 4-5 pages, double-spaced, not including cover sheet or bibliography. Font: Times Roman 12. Use a cover sheet and include Running Head w/ your Name.
    • include a bibliography with at least three references, presented in MLA