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Economics assignment

Economics assignment

Order Description

INSTRUCTION: Take a few minutes to plan and outline each answer. In answering the questions, you should
emphasize the line of reasoning that generated your results; it is not enough to list the results of your analysis.
Include diagrams, if useful, in explaining your answers. All diagrams should be correctly labeled.
C1. Suppose the labour market in the house cleaning industry in Quebec City can be described by the following
demand and supply equations: LD = 400 ? 10w and LS = 40 + 20w.
a) Calculate the equilibrium wage and employment if the market is free.
b) Suppose the Cleaners? Union, of which all cleaning workers must be members, requires that employers
provide workers with high-tech protection equipment, which increases the employers? cost of labour
by approximately $2 per hour. However, most workers think that this equipment is not necessary,
because their regular, inexpensive outfit does about the same job. Calculate the equilibrium wage and
employment under the new equipment requirement.
c) Draw a graph to show the effect of the requirement.
C2. (Challenging) Let ?X denote a small change in the variable X. Starting from the quantity equation MV = PY,
show that the following relation between percentage changes holds: ?M/M + ?V/V = ?P/P + ?Y/Y. (Note: It
should be emphasized that this relationship holds for small changes, say less than 5 percent. The larger the
changes, the less precise are the results derived from this relationship.)
C3. Refer to the following:
a. The central bank of the Republic of Moldova needs to determine by how much to increase the money
supply next year, if they estimate an increase in the overall economic activity (real GDP) of 2.5
percent and have a target inflation rate of 4 percent. The velocity of money has been observed to be
constant over the past many years. If you were a consultant to the government, what would your
advice be?
b. Next year, the National Bank of Moldova wishes to reduce inflation to 2 percent, and estimates an
increase in real GDP by 1.5 percent. What should be the change in the money supply?


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Economics Assignment

Economics Assignment
Written Work Submission Guidelines:
• One copy of the assignment must be posted to Turnitin by the required date and one hard copy in the Drop-box in reception by 2.00pm on the date of submission.
• You are also required to submit a draft copy of this assignment to your tutor by 1 December 2015. You will receive feed back on this draft.
• You should provide your own cover sheet including the following information:your name and student number, module code and title (eg. FC006 Economics Assignment), title of assignment, your tutor’s name , the total number of words and the submission date.
• Each page should have a header with the module code, module title and your name.
• All of the work must be word processed using font size 12, double spaced.
• The pages (including any photocopied sources) must be stapled together.
• The pages must be numbered in the bottom right corner.
• You should also be careful to keep an electronic copy for yourself – if your submission is lost, you can then easily resubmit.
• You must include a final reference list using the Harvard System, which is outlined in the college referencing guide.
• You must not copy text from a book, another student’s work or Internet sites and imply that it is your own work. This is plagiarism and is a serious academic offence.
• Please note that references should be inserted into the main body of the text as well as providing a bibliography.
• You should use report format for this assignment. Maximum of 1100 words.
London Comes Top…..for Traffic Congestion
Only three European countries have worse rush-hour traffic congestion than the UK, according to new figures. London, Manchester and Liverpool were all among the most congested cities in Europe last year, statistics from traffic information company INRIX showed.
Based on rush-hour commute-to-city travel in 2011, the figures revealed that UK drivers spent 32 hours of the year stuck in traffic, although this was four hours less than in 2010. Heading the congestion list last year was Belgium where drivers wasted 55 hours in traffic. Holland was the next-worst country for jams, followed by Italy.
The INRIX figures also showed that in the London commuter zone last year, drivers wasted 66 hours in traffic, with the Greater Manchester figure being 45 hours and Liverpool being 39 hours.
The worst time for congestion in London was Friday from 4pm to 5pm, while Greater Manchester’s worst time was Tuesday from 9am to 10am, with Liverpool’s jams being at their worst between 4pm and 5pm on Wednesdays.
Source: London Evening Standard, June 2012.

Assignment 1 TASK
As the article above explains road transport in London is more and more congested. Road space throughout Europe, indeed the world, is becoming increasingly scarce as the demand for motor transport increases each year – what do you think are some of the best solutions to reducing the problem? Outline and discuss some economic solutions to the problem of reducing congestion on our roads.
NOTE: You are required to put your work through Turnitin. Further details, if required, will be given out by your lecturer. You are also advised to prepare a draft of his assignment and show your tutor and act on the feedback.

Full guidance on the format and requirements of this assignment will be given by your tutor.
Upon completion of these tasks the following learning outcomes (this is not part of the task) should be achieved:
1. The basic economic problem, opportunity cost and different economic systems
2. Demand and Supply, allocation of resources through the price mechanism in a free market and the concept of elasticity.

Marking Criteria
Assessment Area Weighting
• Opportunity costs.
• Application of the problem of scarcity.
• The importance of externalities and how these impact on economic decisions.
• Show clear understanding of the economic problem.
• Supply and demand & the impact of the price mechanism.
• Clear discussion of the assignment topic area and has addressed the purpose of the assignment comprehensively.
• Appropriate examples are outlined and integrated.
70
Transferable Skills

• Professional presentation of report
• Use of contents table
• Does report has clear, logical structure (introduction, main body, conclusion)
• Academic writing style (is report pitched at the right audience)
• Harvard Referencing Style
• Use of academic resources and other suitable sources
• Thoughts and ideas clearly outlined.

Responses are currently closed, but you can trackback from your own site.

Comments are closed.

Economics Assignment

Economics Assignment
Written Work Submission Guidelines:
• One copy of the assignment must be posted to Turnitin by the required date and one hard copy in the Drop-box in reception by 2.00pm on the date of submission.
• You are also required to submit a draft copy of this assignment to your tutor by 1 December 2015. You will receive feed back on this draft.
• You should provide your own cover sheet including the following information:your name and student number, module code and title (eg. FC006 Economics Assignment), title of assignment, your tutor’s name , the total number of words and the submission date.
• Each page should have a header with the module code, module title and your name.
• All of the work must be word processed using font size 12, double spaced.
• The pages (including any photocopied sources) must be stapled together.
• The pages must be numbered in the bottom right corner.
• You should also be careful to keep an electronic copy for yourself – if your submission is lost, you can then easily resubmit.
• You must include a final reference list using the Harvard System, which is outlined in the college referencing guide.
• You must not copy text from a book, another student’s work or Internet sites and imply that it is your own work. This is plagiarism and is a serious academic offence.
• Please note that references should be inserted into the main body of the text as well as providing a bibliography.
• You should use report format for this assignment. Maximum of 1100 words.
London Comes Top…..for Traffic Congestion
Only three European countries have worse rush-hour traffic congestion than the UK, according to new figures. London, Manchester and Liverpool were all among the most congested cities in Europe last year, statistics from traffic information company INRIX showed.
Based on rush-hour commute-to-city travel in 2011, the figures revealed that UK drivers spent 32 hours of the year stuck in traffic, although this was four hours less than in 2010. Heading the congestion list last year was Belgium where drivers wasted 55 hours in traffic. Holland was the next-worst country for jams, followed by Italy.
The INRIX figures also showed that in the London commuter zone last year, drivers wasted 66 hours in traffic, with the Greater Manchester figure being 45 hours and Liverpool being 39 hours.
The worst time for congestion in London was Friday from 4pm to 5pm, while Greater Manchester’s worst time was Tuesday from 9am to 10am, with Liverpool’s jams being at their worst between 4pm and 5pm on Wednesdays.
Source: London Evening Standard, June 2012.

Assignment 1 TASK
As the article above explains road transport in London is more and more congested. Road space throughout Europe, indeed the world, is becoming increasingly scarce as the demand for motor transport increases each year – what do you think are some of the best solutions to reducing the problem? Outline and discuss some economic solutions to the problem of reducing congestion on our roads.
NOTE: You are required to put your work through Turnitin. Further details, if required, will be given out by your lecturer. You are also advised to prepare a draft of his assignment and show your tutor and act on the feedback.

Full guidance on the format and requirements of this assignment will be given by your tutor.
Upon completion of these tasks the following learning outcomes (this is not part of the task) should be achieved:
1. The basic economic problem, opportunity cost and different economic systems
2. Demand and Supply, allocation of resources through the price mechanism in a free market and the concept of elasticity.

Marking Criteria
Assessment Area Weighting
• Opportunity costs.
• Application of the problem of scarcity.
• The importance of externalities and how these impact on economic decisions.
• Show clear understanding of the economic problem.
• Supply and demand & the impact of the price mechanism.
• Clear discussion of the assignment topic area and has addressed the purpose of the assignment comprehensively.
• Appropriate examples are outlined and integrated.
70
Transferable Skills

• Professional presentation of report
• Use of contents table
• Does report has clear, logical structure (introduction, main body, conclusion)
• Academic writing style (is report pitched at the right audience)
• Harvard Referencing Style
• Use of academic resources and other suitable sources
• Thoughts and ideas clearly outlined.

Responses are currently closed, but you can trackback from your own site.

Comments are closed.

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