• The Federal Reserve Economic Database (FRED) at the Federal Reserve Bank of St. Louis   • The NBER’s business cycle dating methodology   • The Survey of Professional Forecasters at the Federal Reserve Bank of Philadelphia    • The Bureau of Labor Statistics Employment Situation Release   • The BEAs GDP Report You may […]

Outbreak of current coronavirus that is pandemic and accelerating has led to lockdowns of communities and closures of businesses all over the world. Consequently, social and economic life of everyone is affected. How the coronavirus impacted yourself, which economic decisions you had to change and how did you adjust your economic matters to cope the […]

Trade War with China. You will get your last chance to complete one of your required two op-ed grades this week by answering the question: “Should the USA raise tariffs and engage in a ‘trade war’ with China?” This was the question that was scheduled at the beginning of the semester, but I realize that […]

1. The indicator Gross Domestic Product is used across the world to evaluate the output of economies. Please give me the formal definition of GDP, and then in a single sentence tell me explicitly what exactly GDP measures.   2. Explain to me how we can measure the amount of GDP from both the income […]

Research Activity #1: Using your occupational type, identify a career that you would like to research for your Goals Essay. Visit O*Net (http://online.onetcenter.org/find) and research your career. List two pros and two cons of career duties and responsibilities. This should be written as a short essay response.     Research Activity #2: Use the Internet to […]

Should the USA raise tariffs and engage in a ‘trade war’ with China?” This was the question that was scheduled at the beginning of the semester, but I realize that it has taken on an entirely new dimension with the outbreak of the Coronavirus, with many people demanding that we reduce our ‘reliance’ on Chinese […]

Suppose that a state raises its minimum wage from $8/hour to $13/hour. Using an isocost-isoquant diagram, show how this will affect labor demand of a firm which produces Q = 200 units of output each month using two inputs: low-skilled labor and capital. Please label and explain your diagram completely.   Question 2   Susan […]

A brief history of the industry in the United States. Include any important historical information relating to the industry which might have taken place outside the US and had a significant influence on the industry here.  Current status of the industry in terms of the workforce employed (direct or indirect), technology, geographical distribution etc.  Choose […]

The Market for Human Organs Demand and Supply Essay Listen to this (Links to an external site.) podcast about the market for human organs. Is there currently a surplus or shortage of human organs available for transplant? Using the demand/supply framework, explain how legalizing the trade for human organs will help move the market towards […]

Discuss current conditions in the oil industry centered around oil prices. Discuss it from the demand side and the supply side (OPEC, OPEC+, US shale, Coronavirus, etc) and how it affects economies of oil producing countries.