Recent Question/Assignment
SOME ESSAY TOPICS TO CONSIDER COVERING CHAPTERS 1 TO 11
1. Explain how the forces of supply and demand bring about equilibrium in a competitive market and maximise welfare.
2. Consumer surplus is a good measure of economic well-being. However in some circumstances, policy makers choose to disregard consumer surplus. Explain what those circumstances may be and illustrate with at least two examples.
3. Give three arguments for restricting free trade. Do you think they are justified? Explain why you think they may be justified.
4. What are positive externalities in production and consumption? Why are market outcomes inefficient in the presence of externalities?
5. National defence is seen as a public good. Why? Is free to air TV a public good? Explain your answer to the TV question briefly but covering the main points.
Note to all students: The above topics have been chosen to allow you to study the topics comprehensively. The exam questions will be more specific and will require you to give a short answer – eg one paragraph of maybe not more than 100 words.
Also please note that I have decided that the Monday evening class in being behind the other class (Tuesday evening) will have their Mid-session exam in WEEK 8 so as not to disadvantage them further.
1. Explain how the forces of supply and demand bring about equilibrium in a competitive market and maximise welfare.
2. Consumer surplus is a good measure of economic well-being. However in some circumstances, policy makers choose to disregard consumer surplus. Explain what those circumstances may be and illustrate with at least two examples.
3. Give three arguments for restricting free trade. Do you think they are justified? Explain why you think they may be justified.
4. What are positive externalities in production and consumption? Why are market outcomes inefficient in the presence of externalities?
5. National defence is seen as a public good. Why? Is free to air TV a public good? Explain your answer to the TV question briefly but covering the main points.
Note to all students: The above topics have been chosen to allow you to study the topics comprehensively. The exam questions will be more specific and will require you to give a short answer – eg one paragraph of maybe not more than 100 words.
Also please note that I have decided that the Monday evening class in being behind the other class (Tuesday evening) will have their Mid-session exam in WEEK 8 so as not to disadvantage them further.
Looking for answers ?
Recent Questions
Word limit: 1500 - 2000Objectives:The purpose of this assignment is to:1. Familiarise yourself with best practice in engineering sustainability in a particular field by conducting a thorough literature...Module code: BMA4005-20Module title: Professional PracticeAssignment: A1. Digital PosterWord count: 500Contribution to module mark: 40% of overall gradeAssessment type: IndividualWeight 40%Submission deadline:...Assessment Criteria for Written Report (20%)• Submission of a minimum 1500 to maximum 1800-words written report due from week 9. You will submit your written report one week after you have undertaken the...Assessment 2: (20%) Case Study Presentation Due Date weeks 10This assessment builds on your theoretical knowledge and tests your ability to apply this knowledge to practice.you are required to formulate...Assessment 2Assessment 2Report: 30%Word count: 1400 – 1600 wordsDue date: Sunday of Week 8DescriptionYou are playing the role of a community service worker supporting a young adult son who is 18 years...1500-1800 wordsInstructions From TutorPlease download the eTask3 spreadsheet from Canvas and save the eTask spread as an Excel file. The main content of the force method is taught in Lectures 6,7&8.eTask3.1 is a...Show All Questions