Category: economics

Impact of Tariffs on Developed and Developing Countries: A Case Study of the European Union and Bangladesh

Posted on | by Kelvin

 

Select a developed country that has implemented a tariff, and a developing country that manufactures products that are impacted by that same tariff. The current US and China tariff war cannot be used since these are the two largest economies in the world. Investigate the economic impact of the trade barrier on the developing country and the developed country. Would you recommend that the developed country eliminate the tariff? Explain your reasoning.

Directions:

Discuss the concepts, principles, and theories from your textbook. Cite your textbooks and cite any other sources if appropriate.
Your initial post should address all components of the question with a 500 word limit.
Learning Outcomes

Differentiate the different types of tariff and non-tariff trade barriers.
Judge the welfare effects of tariff trade barriers.
Readings

Required:

Chapter 4 in International Economics

Hoekman, B., & Shepherd, B. (2021). . World Trade Review, 20(1), 115-134. Retrieved from

Recommended:

Chapter 4 PowerPoint slides International Economics

Krist, W. (2023). Chapter 3: Trade Agreements and Economic Theory. Wilson Center. Retrieved October 11, 2023, from

 

Understanding Salary Stagnation Amid Rising Prices: Causes, Coping Strategies, and Potential Solutions

Posted on | by Kelvin

Typically, salaries do not increase or increase very little from year to year; however, the prices of things are steadily increasing (which is often quite a pain) Why do you think this happens? How do we deal with this? Do you have any thoughts on how we could correct this? Do you have any personal examples you can provide regarding this?

 

Understanding and Managing Risk in Organizations

Posted on | by Kelvin

 

The Institute of Internal Auditors defined Risk as uncertainty of an event occurring that could have an impact on the achievement of the objectives. How could we manage to measure the cost amount of the risk, and how could we foresee a risk occurring?
Risk may have positive or negative outcomes, what are some ways that one could manage to avoid and notice a risk that could result in negative outcomes?
The chapter talked about risk and opportunities, how do we manage to identified them?
What specific risks have an impact on organisational activities and infrastructure?
How could company integrate risk management activities within the company and across thei value chain?
Risk are desirable or undesirable, and explain why do your chose it. Give an example on your choice.This question need to be 1 page

Fiscal Policy and Economic Interventions: A Comparison of Keynesian and Classical Perspectives

Posted on | by Kelvin

Fiscal policies are the actions of Congress on spending and taxing. (Note this is different from monetary policy, which is the action taken by the Federal Reserve to change the money supply and interest rates.)

Explain and compare the Keynesian and classical points of view on whether or not to intervene during the business cycle (an expansion = positive real GDP growth; and a recession = negative real GDP growth).
Are we in recession today? Use today’s real GDP growth rates to explain your answer.
As the President’s chief economist, describe the Keynesian fiscal policy you think the administration should follow, given today’s economic conditions. Support your point of view using principles of Keynesian economics, as described by Mayer in Chapter 16 of Everything Economics.
The attached summary (How our Government Supports its Citizens) outlines a number of government functions that contribute to a well-functioning society and economy.

 

 

Current Economic Conditions and Monetary Policy Recommendations

Posted on | by Kelvin

 

Monetary policy is the action taken by the Federal Reserve to expand or contract the money supply and influence interest rates.

What are the current unemployment and inflation rates? How has the Fed redefined its targets for inflation and unemployment, and how do current conditions compare to those targets?

As the top advisor to the chair of the Federal Reserve, define contractionary and expansionary monetary policies and explain which you advise the Fed to pursue todaygiven the inflation and unemployment targets versus the current rates.