Case: Deere & Company is the market leader in the manufacture and supply of machinery used in agriculture and construction. In 2014, Deere & Company was listed 80th in the Fortune 500 America’s ranking and was 307th in the 2013 Fortune Global 500 ranking. They had a diverse product range that was made to order …
Case: Deere & Company is the market leader in the manufacture and supply of machinery Read More »
Price elasticity of demand measures consumers’ responsiveness to changes in the price of a good. There are a number of variables that affect consumers’ decisions, among them the following: • The availability of substitutes • The specific nature of the good • The percent of the income spent on the good • The time …
What are the three types of unemployment? Unemployment is seen by some as undesirable. Are all three types of unemployment undesirable? Could the advent of the Internet completely eliminate frictional unemployment? Are all three types of unemployment undesirable? Explain.
Consider a production function Yt = F(Kt,Lt) = ¯AKα t L1−α t (1) and the resource constraint Yt = Ct + It + Gt and the capital accumulation equation Kt+1 = It + (1 − ¯d)Kt Consumers consume a certain fraction of the output so the consumption equation is Ct = (1 − ¯s)Yt …
Consider policy rule, IS curve, and Philips curve Policy rule ∶ Rt − ¯r = ¯m(πt − ¯π) IS curve ∶ ˜Yt = 1/1 − ¯xc [¯a − ¯b(Rt − ¯r)] Philips curve ∶ πt = πt−1 + ¯ν ˜Yt + ¯o a. Derive Aggregate Demand(AD) and Aggregate Supply(AS) curve, and draw AD and …
Consider following Philips Curve. ∆πt = ¯ν ˜Yt + ¯o a. Draw Philips curve. (x-axis: ˜Yt, y-axis: ∆π) What is the slope and y-intercept of the curve? b. What is the impact of the ¯ν change? Should government perform a more aggressive policy to stabilize the inflation rate with high ¯ν or low ¯ν? …
Suppose we have the following short-run model. Resource constrain is Yt = Ct + It + Gt + EXt − IMt Where Yt is economy output, Ct is consumption. It is investment. Gt is government purchase. EXt is exports. IMt is imports. Government purchase depends on the current state of the economy. For example, when …
As the director of learning and development, you have been tasked with creating a career development program for the senior sales team of your organization. You currently support five individuals on the senior sales team. Each team member has aspirations of becoming either a senior sales manager, sales director, or vice president of sales. None …
Write a report critiquing an essay paper Abramitzky, R.; L: Boustan and K. Eriksson, (2012) “Europe’s tired,poor, huddled masses: self-selection and economic outcomes in the Age of Mass Migration”, American Economic Review,102:5, p.1832-56. Data available online.The first half of the report should be entirely descriiptive. Do not minimise its importance. It should consist in a …
What are the three types of unemployment? Unemployment is seen by some asundesirable. Are all three types of unemployment undesirable? Could the adventof the Internet completely eliminate frictional unemployment? Are all three typesof unemployment undesirable? Explain.
