Comparative Case Study of Developed G8 Countries • Term Paper is based on the comparative case study of Developed (G-8 countries).
Comparative Case Study of Developed G8 Countries
Less Developed and Emerging Economies with reference to macroeconomic
indicators exhibit the level of income disparity and poverty.
• The paper will evaluate macroeconomic indicators of growth and development of the respective country.
• Write a comparative case study of a ‘Developed Country’ (G-8 country) for example any developed country from G-8 nations. Compare the macroeconomic indicators of any developed country with the same macroeconomic indicators of any Developing / emerging economy (middle income) country for example, Brazil, Russia, India, China (BRIC), Mexico, Indonesia, Singapore, Turkey (MIST) or any country from Middle East which is on the path of development.
OR
• You could also compare the macroeconomic indicators of developed country listed above(G-8) with any Less Developed Country (poor country) for example a country with poor economic indicators with people living in abject poverty, for example a country from Middle East, Central Africa or Central Asia.
Information to Include:
For your assigned economy: performance over the last five years of macroeconomic indicators, such as GNP, GDP, GDP growth, GDP per capita, GDP growth per
capita, consumer and producer price index, inflation rates, unemployment and unemployment rates, should be given with a brief analysis as to how they
illustrate the performance of that economy. Information about the country’s economic base is also desirable. Dollar figures should be in PPP (Purchasing
Power Parity) dollars. You may find helpful to insert other data e.g., labor force statistics, labor force participation rates, productivity statistics,
monetary unit, recent business cycle history, interest rates, other relevant features of financial markets, and any other relevant aspects of the macro
economy. The information may also include the current recession and its impact on the economy.
(Note. your paper should have quantifiable data and your analysis or description. Do not just cut and paste data. Data must have supporting statement).
Comparative Case Study of Developed G8 Countries Suggested References
• HDR. Human Development Report.2016. United Nations Development Program
• www.undp.org
• WDR. World Development Report. 2016. World Bank www.worldbank.org
• The Economist Economist .com
• WSJ (Wall Street Journal).
Objective: The objective of the term paper is to provide the students an opportunity to identify macroeconomic indicators specially GDP, GNP, rate of
Inflation, unemployment, per capita income and growth of the respective countries. This will enable students to learn and understand theoretical concepts in concrete terms. The aim of this is to serve as foundation for further studies in economics and business. It is hoped by the time you finished this course, you will have a better understanding of issues facing businesses, and macroeconomic role of the Government.
Business Economic Analysis for Managers Please remember to: (1) Answer the questions provided in the prompt
(2) Timeliness – finishing my work by the deadline provided
(3) Use several quotes from the textbooks to support the claims in your writing
Business Economic Analysis for Managers
(4) APA-citing within the body of your post and end of post references. Please do not plagiarize. Cite all sources.
(5) MAKE SURE TO CLEARLY LABLE EACH SECTION SO I KNOW WHICH PART IS WHAT.
(6) Please copy and paste EACH question on the line above your answer. You will loose points for each question not answered.
About the class:
BUSU 620: (The class is called Business – Economic Analysis for Managers, so please try to write from that perspective)
Textbook:
Managerial Economics Edition: 7th
Author: Samuelson
Edition: 7th
John Wiley & Sons, Incorporated
William F. Samuelson and Stephen G. Marks (2009) Managerial Economics (7th ed.), Wiley ISBN 978-0-470-28242-7
Writer- please do not ask me for the textbook because I do not have it. Your company told me that you would be able to find the book online.
Review the PowerPoint on the Financial Crisis found in Week 6 Course Documents. Create a paper for Assignment #4. prepare a sensitivity analysis that is
graduate level, writing and thinking. In the best case use the problem you identified in Assignment 1 of this class incorporating any feedback from
Assignment 1 and 3 in this class. Rubric and Handout found in Week 7 Course Documents. This is the foundation work for your next paper which is the most
important paper in the class and should demonstrate all that you have learned during this course. The outline should have references, have a title and have
headings for all six steps of the decision making steps and be at least three pages long, with detail and analysis.
ps. writer I will upload the documents for you including assignment 1 and 3. and other assignments from the class so u can get an idea of what we learned in
this course. please reference the book as well.
Analyze an Economic Variable for Dell Computers Choose any company you want, including your own, and analyze an economic variable like cost, management, outsourcing, resources or whatever variable(s) you decide to research that can help make your company more efficient.
Analyze an Economic Variable for Dell Computers
Once you have gathered that information, write a paper 4 to 5 pages long. Use APA format and provide contemporary references. This is a Microeconomics Course. PLEASE USE THREE RESOURCES. As the population grows, more join the middle class (and adopt their consumption habits) and pressure on natural resources increases, we all must look at new ways of doing things. That includes embracing a circular economy where all materials are valuable and the concept of “waste” is designed out of the system.
Studying Macroeconomics to Understand Issue This class is Principles of Macroeconomics.
Studying Macroeconomics to Understand Issue
We are using “Principles of Economics” 6th edition by “N. Gregory Mankiw” and “Economics for Life” 3rd edition by
“B. Madariaga and Houghton Mifflin.”
Instruction: One 3 page paper should be double-spaced and should describe how studying macroeconomics has helped you understand an issue that will be helpful to you in your life or will help you understand a major current national issue. Please Include reference page and in-text citation – APA format. Macroeconomics is a branch of the economics that studies how the aggregate economy behaves.
Underground Economy or Banking The Euro vs US Dollar Option 1- write about the underground economy. What causes it, what factors make it grow relative to GDP, why does all the literature use GNP rather than GDP, etc.
Underground Economy or Banking The Euro vs US Dollar
Option 2:Banking: The Euro vs US Dollar- What is the implication of a strong Euro-vis-a-vis the US dollar-who benefits? What are the causes for this drop in
value against the Euro? Is the Dollar poised to drop some more? Why? Is there a danger is the huge US budget deficit in regards to the stability of the
dollar? what would it mean for world commerce if the US dollar lost its leadership role ? What would it mean for the US? Should the world ( Oil markets) move away from the dollar in favor of the Euro?
Please feel free to come with any suggestions- please write this paper with clear terms, avoiding long phrases and complicated terms. Also, use sources
accordingly, and make sure it makes a smooth transition -within the text
Also:
Clarity of structure and objectives, understanding the topic , application of economic theory and models , relevant research to support and backup your
ideas, proper grammar and spelling- avoid fragments .
How Students Should Have a Year off Before College This is a general introduction to the topic you will be discussing. You may provide a brief background of your issue or discuss the problem you will be
tackling.
How Students Should Have a Year off Before College
As always, the final sentence of your introduction will be your thesis statement. For this assignment, the thesis should articulate the proposal/change you will be suggesting.
How Students Should Have a Year off Before College Assessment
• Assessment of Current Efforts – This section should discuss the state of the issue you are addressing as it is now. You should demonstrate knowledge of what is currently happening so that you are able to logically propose a change to this current condition. It is important to understand the details of the
issue and discuss them adequately in this section.
• Proposal – This section explains your proposal in detail. You should discuss how your proposal would logically be carried out. For instance, if you are
proposing that classes starting at 6am be eliminated from Harper’s course catalog, then you would discuss how you would institute that change. Would you
remove them all at once, or phase out the option slowly over time. Would you replace the 6am class with a later class? How would you compensate teachers who only teach that class? etc. Be careful to think this through and pay attention to practical details.
How Students Should Have a Year off Before College Benefit of Change
• Benefits of Change – This section should explain why your proposal is beneficial and who the changes would be beneficial to. Think about the specific
groups of people involved and how they would be affected in a positive way, • Counterarguments – You should address at least two possible counterarguments to your proposal. Anticipate what someone opposing your proposal might say and
refute their claims. Why is your proposal still the best option? Remember to answer your potential critic and not simply “bring up” their idea. Failing to
provide an answer to the counterargument weakens your argument significantly.
• Conclusion – Provide a conclusion to your proposal argument that recaps the issues you have discussed and calls your intended audience to action,
Global Economics Politics and Society Policy Brief All policy briefs must be submitted online. The policy brief must be 1,500-1,750 words plus a bibliography and footnotes for information used or quotes cited.
Global Economics Politics and Society Policy Brief
A policy brief is a piece of information given to a policymaker (such as the head of a United Nations, the CEO of a multinational corporation, or the head of a non-governmental organization such as Greenpeace). You choose a role you want to play, a policymaker you want to advise, and a problem or opportunity related to globalization that you want to solve or exploit. Your brief should describe the problem or opportunity, present several options for solving or exploiting it, and explain which solution you think will work best and why. You will be expected to use the information you have gained from this class, as well as outside sources, to prepare your policy brief. We will discuss the policy brief in detail later in the semester.
The history of Economic Thought Essay It’s a Historical Economic Thought essay. You form a question, and together with the question word count should be 500. The topic is, dominantly, Labor theory of value. Below, you see the papers and their page range.
The history of Economic Thought Essay
Please DO NOT go out of the page range, otherwise, it becomes off-topic. Last rule is please
do citation where it’s necessary by Chicago rule, showing the exact page number from where you take the quote.
CLASSICAL POLITICAL ECONOMY AND ITS DEBATES
7. INVISIBLE HAND & DIVISION OF LABOUR (ADAM SMITH)
Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
Amherst, NY: Prometheus, 1991 [1776], 9-28.
Michael Perelman. “The Revisionist History of Professor Adam Smith.” The Invention
of Capitalism: Classical Political Economy and the Secret History of Primitive
Accumulation. Durham, NC: Duke University Press, 2015, 196-228.
SZ: 65-81
8. THE PROBLEM OF LABOR THEORY OF VALUE: FROM SMITH TO RICARDO
Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
Amherst, NY: Prometheus, 1991 [1776], 36-67.
David Ricardo. “On Value.” In The Principles of Political Economy and Taxation.
London: Everyman’s Library, 1911 [1817], 5-32.
Isaac Ilych Rubin. A History of Economic Thought. (Translated and edited by Donald
Filtzer). London: Ink Links, 1979 [1929], 248-270.
9. CONTROLLING THE POPULATION (BENTHAM, MALTHUS)
Jeremy Bentham. The Panopticon Writings. London: Verso, 1995 [1787], 29-54 & 97-114. 4
Thomas Malthus. Selections from An Essay on the Principle of Population. In The History of Economic Thought: A Reader. Edited by Steven Medema and Warren J.
Samuels. London: Routledge, 2016 [1798], 196 -207.
SZ: 82-88 and 133-141.
Read Charles Darwin’s On the Origins of Species [1859].
An Econometric Evaluation Stata Project Undertake an econometric evaluation of an economic issue using data that you have gathered either from the host of data sets now available on the web, or
that you have assembled yourself from data published in journals or in official sources.
An Econometric Evaluation Stata Project
The data set must contain a minimum of 3 variables, (one dependent variable and at least 2 right-hand side variables to be added to a constant term). You should concentrate on estimating a multiple (rather than simple) regression model. minimum of 50 observations in your regressions. The model should be a causal one, This is an accounting identity and so the coefficients
shouldn’t be anything other than one, barring measurement error. The econometric results should include a thorough statistical evaluation using
the full range of (relevant) diagnostic tests highlighted during the course. Do
not use tests just for the sake of it. There are no marks to be gained by doing
countless irrelevant tests. Only use tests that are relevant to the type of data and the economic relationship you are trying to estimate. (For the purposes of the project assume that a sample of 50 or more observations is enough to make
any asymptotic tests valid).
You should aim for a maximum of 2,500 words or around 8 pages of text, 2
to 3 tables of results and 2 or 3 figures (not including the log file)
Please provide a word count on your cover page.
The idea is to choose an economic issue which you find interesting, outline a theory and a set of testable hypotheses that follow on from that. Then test the
theory empirically using the tools you have learned during this term’s course.
The dissertation should read something like a typical article that you would find in a (non-technical) academic journal like the Journal of Economic
Perspectives or the May Papers & Proceedings volumes of the American Economic Review, (the collection of back issues are in the library).
The most important thing is to choose a project that is feasible, that can be finished within one month from start to finish and still allow you time to work
on your other subjects. This means confining your topic to a simple issue.
An Econometric Evaluation Stata Project
Also, it is a good idea to choose a topic that you are interested in, rather than one you feel you ought to do. The more you are interested the easier the
project will be. Do not write the theoretical part of your project until you know you have data that can be used to test your hypotheses.
One good way to find a topic to study is to read the economic pages of the broadsheet newspapers and/or academic articles summarised in the overview
journals like the Journal of Economic Perspectives
or Journal of Economic Literature
both of which are in the library. In addition, there are specialist journals, (and therefore more technical), such as the American Economic Review, Economic Journal, Quarterly Journal of Economics, Journal of Labor Economics, Journal of Industrial
Economics, Journal of Development Economics, Journal of Finance which should all be good sources of current issues concerning academic
economists, There are now a variety of data sources on the internet.
Many UK macroeconomic statistics, (inflation, unemployment, gdp etc), can be downloaded from the Office for National Statistics website
http://www.ons.gov.uk/ons/index.html
The bized site also contains access to official UK data alongside the company account data and some international data.
http://www.bized.co.uk/learn/economics/index.htm
You can find stock market data at the Stock Exchange’s web site
http://www.londonstockexchange.com/
or from yahoo
http://uk.finance.yahoo.com/q/hp?s=%5EFTSE
A very good source of international data both cross section and time series is given at the Resources for Economists website
http://rfe.org/showCat.php?cat_id=2
and also the Statlib website
http://lib.stat.cmu.edu
and also the university of Michigan
http://www.lib.umich.edu/govdocs/stforeig.html
The World Bank also has data
http://worldbank.org
and there are lots of data and ideas at
http://www.economagic.com/
and http://pwt.econ.upenn.edu
The library also has a useful link to some sites
For those of you interested in working with cross section data. I have put 2
different UK cross section data sets on the course web site
GHS_project.dta – which has information on wages, health, smoking, drinking, education and other socio-demographic characteristics of individuals
taken from the General Household Survey
(you can find a codebook giving details of the variables at http://www.esds.ac.uk/findingData/snDescription.asp?sn=5804
Food_project.dta
– which has information on household spending on various consumer items taken from the Expenditure & Food Survey
(you can find a codebook giving details of the variables at http://www.esds.ac.uk/findingData/snDescription.asp?sn=5375
Ideally, your project should look and be structured like an article you can find in any of the economic journals listed above. You are strongly advised to read
some articles to get a feel for how they are presented.
(there is an example article on the course moodle page)
So your project should include the following sections:
Theoretical Framework
Set out the economic theory underlying your project and use it to specify a model and the resulting hypotheses to be tested. Set out your prior
expectations of the likely signs and magnitudes of the coefficients. Discuss any econometric problems you expect to encounter.
An Econometric Evaluation Stata Project Data
Discuss the sources for your data. Give the exact definition of variables (in a Table in an appendix) and sample period, Describe the main features of the
data using a table of sample means and their standard errors. Graph the trends in the dependent and, perhaps, the independent variables. Comment
on the main trends/features.
Econometric Method
Outline the econometric techniques used to estimate your model, (eg.
ordinary least squares with corrections for heteroskedasticty/autocorrelation).
You need to convince the reader that you have made the right choice of
estimation technique. Evaluate the model using the set of (relevant)
diagnostic tests covered in the lectures. (Eg, Box-Cox, Ramsey Reset,
Forecasting). Do NOT report the results of the tests one after another like a
shopping list. Report the tests for each model at the bottom of a column of
estimates. (Again read a journal article for hints on presentation).
An Econometric Evaluation Stata Project Results
Outline your results in tabular form, (check with a journal if you are unsure as
to how to present your results). The Stata command “outreg” will help
considerably with you inputting the results in tabular form. State whether your
hypotheses are accepted or rejected. Comment on the results and on any
diagnostic tests you have used.
Conclusion
Give an overview of your hypotheses and main results
please do the test of Ramsey reset, jb test for normality, box cox, test for endorgeneity, breusch pagan test, chow forecasting test.
I will need both data file and do file.(very important)
This stata is to do ols, basically, it is how your data hold inaccordance to ols.
Every data’s T value must be significant. Those tests are the assumption of ols to test whether violates the assumption, those are correct specification,
exogeneity, homoscedasticity and normality of data. This is cross section data which you are required to do.
Transition from Planned Economy to Mixed Economy ‘The transition from a centrally planned economy to a free market or a mixed economy involves state-owned enterprises being privatized.
Transition from Planned Economy to Mixed Economy
But economists debate as to whether this is actually beneficial to the country’s economy.’ Discuss this statement from the experience of China and Russia.
This essay does not require the use of mathematics. You should familiarise yourself with the basic principles of Microeconomics and the relevant theories
(Free Market Economies against Centrally Planned Economies, Perfect Competition against a Monopoly) as have been and discussed in lectures, and how they
apply to the events of the time period in question by doing further research of your own using the books listed below.
You will need to use relevant Microeconomic diagrams in order to make your essay analytical.
Recommended Essay Structure with suggested word count and headings:
Transition from Planned Economy to Mixed Economy Essay Title
Introduction [200 words]
Economic Theory [400 words]
State Ownership and Privatisation in China [400 words]
State Ownership and Privatisation in Russia [400 words]
Conclusion [200 words]
Bibliography – Minimum 4-5 sources
