Research seems to suggest that as liberal economic policies begin to dominate the international arena it is the elite that seem to benefit while the working class is witnessing an increase in poverty. In other words, Washington Consensus seems to be increasing the gap between the rich and poor not just between the developed and […]

Consider two companies: United States Steel (X) and Facebook (FB).   Look at the profiles (financial statements for 2016) of each on yahoo finance and discuss the followings (you need to calculate these values yourself and show details of your calculations):   a) How many outstanding shares does the company have?   b) What is […]

What are the key features of the Grossman model? (Hint: list as many features as you can)   QUESTION 2   Grossman suggested considering health as a consumption and as a capital good. Provide examples and explain how health is being “consumed” and how health can be treated as a capital. (Hint: why do people […]

Q1: Define Modern Advertising?   Q2?What is the societal role for advertising?   Q3: What are the Key Players: Target Audiences? Q4: List the Advertising Goals?   Q5: How should be the Message Theme for advertisement?   Q6: When is price discrimination is profitable?   Q7: What is the difference between dynamic pricing and price […]

We are all aware that there are many natural resources, fossil fuels like coal, crude petroleum, mineral resources etc, which are essential inputs in modern manufacturing / production processes, and are available in limited stock (i.e., are exhaustible).   In this discussion please discuss the role of technology in efficient utilization of these exhaustible resources […]

Entrepreneurs are people who undertake the risk of business activity with the expectation of earning profit. Why is the role of the entrepreneur vitally important as a source of economic progress? How do entrepreneurs influence the discovery and development of new products and better ways of doing things?

1.There are three approaches of estimating QALYs. There is no right answer to this question. Simply state your preferences. Assume that a person does not have a leg but is perfectly healthy otherwise.   Use visual analogue scale. If it were you, how would you rank your health between 0 and 1 with 0 being […]

1. Describe productive efficiency and allocative efficiency.   2. Explain the law of diminishing returns and give an example.   3. Explain the concept of opportunity cost and give an example.   4. Describe and explain the idea of a “sunk cost” and give an example.   5. Define and explain normative and positive economic […]

A rapidly growing small firm does not have access to sufficient external financing to accommodate its planned growth. Discuss what alternatives the company can consider in order to implement its growth strategy.   How can the firm determine the cost of those alternative sources of capital?

Explain how the insights of Friedrich Hayek, Joseph Schumpeter, and Adam Smith regarding business competition can be used to critique both perfect and monopolistic competition.  What is problematic about the MR = MC pricing formula deployed in neoclassical theory? A good essay will highlight the key theoretical aspects of each of these models of competition. […]