Assignment help for Economics

  1. Why might unemployment not lead to lower nominal wages?
  2.  [From 2004] The Chinese economy has been growing at 9% on average for a number of years.  Its currency is pegged to the U.S. dollar while its trade surplus with the rest of the world is large.  If the yuan were to float freely would it be more likely to strengthen or weaken versus the dollar?  What are the three effects you predict of a floating yuan?
  3. Describe a policy that will promote education in the Middle East.  Explain how this policy does or does not target incentives at the margin.  If you would like to focus your answer, feel free to make a response that applies to specific regions or groups.  State your assumptions if you are unsure of specifics; your grade does not depend on detailed knowledge of the Middle East.
  4. Chinese growth will be slower in the next 15 years than the past 15 years. [asked several times]
  5. While in class we focused on fixed vs. flexible exchange rates, many nations have intermediate cases.  For example, some nations have band, where rates are fixed plus or minus some percent.  For example, a nation may fix its rates at 10 pesos per dollar plus or minus 4 percent, thus fixing between 9.6 and 10.4 pesos per dollar.  In other cases the fixed rate has a crawl built into it: We fix at 10 pesos to the dollar, depreciating 1 percent per month.  Other nations combine the two: a band each month, with built-in depreciation over time.  What are the advantages and disadvantages of these hybrid systems compared to pure fixed rates?
  6. Pick a specific policy to promote growth in Uganda.  Defend that policy.  (Recall that a policy is not a goal such as “improve human capital” or “reduce corruption,” but sufficiently specific that someone could disagree with it.)  Point out at least one weakness of your proposal and a partial solution to that weakness. Note: You are welcome to state your assumptions about Uganda; there is no penalty for good analysis based on sensible, if imperfect, assumptions.
  7. [From 2015] Who are two likely winners if Greece exits the Euro?  Who are two likely losers? Explain each answer.
  8. What are two reasons to be optimistic about growth in China over the next decade?  What are two reasons to be pessimistic?
  9. Pick a major macroeconomic event in the past year not discussed in this exam, not in the United States.   Analyze it using the tools of this class. There is no penalty if you do not recall specific numbers.  Be sure you have a topic sentence (a claim) that is worthy of defending.
  10. “Probably the biggest danger is that overambitious hopes for economic growth are taken to justify excessively expansionary fiscal policies and unduly lax monetary policy. In the short to medium run, that might generate a boom and even secure re-election for Mr. Trump, as similar policies did for Richard Nixon in 1972. In the longer term, this could be hugely destabilizing. [Martin Wolf, 2017]
  11. Why might “overambitious hopes [that] justify excessively expansionary fiscal policies and unduly lax monetary policy” be “hugely destabilizing”?  Is this a major risk?  ‘Another set of risks [face] emerging economies. In particular, the impact of the Trump administration might be highly destabilizing, via rising interest rates and a rising US dollar.”  [Martin Wolf, 2017]
  12. Why might the Trump policies lead to “rising interest rates and a rising US dollar”?  How could a strong dollar and high-interest rates help or hurt emerging economies?

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