Category: Economics

Anything Innovation Economics

Write a paper on a topic you choose and present it to the class. Any topic related to the course is fine: typical papers focus on a particular industry, firm, technology, innovation or type of innovation. The analysis may be largely descriptive (like the cases we discuss in class), include models (like the ones in the slides and the corresponding readings), and/or involve econometric methods and hypothesis tests.

Grading Rubric for the Paper:

Papers receive deductions for shortcomings in the following areas. The maximum point deduction in each case is listed in ():

1. (15) Length: The title page plus text must be no less than 8 and no more than 12 pages (double-spaced with 12-point Calibri or Times New Roman font and 1-inch margins (the default in MS Word) all around. Do not exceed 25 lines of text per page. The entire paper cannot exceed 20 pages (including everything: the title page, text, references, figures and tables). Each table or figure must be on a separate page. Everyone should earn all 15 of these points; please ensure you meet these restrictions.

2. (15) Research: Cite at least five peer reviewed academic journal articles from the Econlit and/or ABI/Inform databases: each of the five counts for 3 percentage points. Both databases are available through the library, and both permit restricting attention to peer reviewed journal articles. For Econlit, select Publication Type: Journal Article. For ABI/Inform, check Peer reviewed and Scholarly journals. For Econ 165, at least three of the five must be included in the Econlit database. Use bold font to highlight the academic sources in your references section (to distinguish them from other sources you cite). Make sure your bolded sources are peer reviewed; I assign a grade of 0 to any bolded source that is not peer reviewed. You might not find articles that discuss your firm, industry or topic directly, but there are almost certainly ones that provide insights you can use (articles on firms, business models, dynamics, innovations, strategies, policies and/or sources of competitive advantage like the ones you focus on). To select articles from high quality journals, it might be useful to consult information on how often articles in particular journals get cited. A good source is Laband, David N. On the Use and Abuse of Economics Journal Rankings Economic Journal 123:570 (August 2013): F233-F254. List each article in the references and cite it somewhere in the text. I assign a grade of 0 to any peer reviewed articles that do not meet this condition. In general, every source you list in the references section must be cited somewhere in the text and vice versa: do not list any sources you do not cite, and do not cite any sources you do not list. If a source is not important enough to warrant citing somewhere in the body of the paper, it does not belong in the references.

3. (10) Evidence-based writing: Make evidence-based arguments, and cite sources to back up your facts and assertions. Assume your reader is:

1. Familiar with firms/industries/innovations in general, but unfamiliar with the one(s) you are focusing on (unless we discussed them in class).
2. An extreme skeptic who wont believe anything you say unless it is supported by facts.
3. Easily confused and annoyed by all imprecise statements (so you need to be as clear and precise as possible in every single sentence).
4. Someone with an abnormal level of passion for using economic terminology correctly.

Do your claims and conclusions follow logically from your assumptions, data, and analysis? How good is the information/data you employ? How useful is it for addressing the main goals of the paper? How careful and thoughtful is the analysis? Focused and deep contributions are usually more insightful than broad overviews. How sophisticated are the techniques? Have you used (and explained) any complex measures or techniques? If a critical reader might not accept your conclusions, have you anticipated possible objections and attempted to address them as well as possible?

Replace adjectives and adverbs with facts to avoid writing like a tabloid journalist. For example, replace a sentence like Recently, Industry X has become known for incredibly fast moving companies that require constant innovation to survive with something more fact-based/verifiable like Over the past 3 years, the 7 firms in Industry X who failed to improve their computation speeds by at least 70% exited the industry and were liquidated this shows that firms who failed to innovate did not survive. If facts are not available, at least cite a source to back up your claim: According to Jones (2007), industry X is known for . Be as precise as possible with facts, dates, sources, etc.

Be particularly cautious when discussing the future; virtually all predictions about uncertain outcomes are wrong or at least incomplete or inaccurate in important ways. Avoid asserting that something will happen unless there is virtually no chance that it will not. In other cases, qualify the claim and provide evidence or external support. For example, you might say the event is projected to occur by Smith (2016) or perhaps something like if present trends continue, then although in the latter case you should also consider why present trends might not continue. In general, be clear about the basis of any projections, and assume the reader will be skeptical; anticipate and address doubts. Recognize that virtually all forecasts about technology adoption, future sales, market shares, innovation, etc. are wrong. If your topic warrants considering the future, then it is normally best to focus on facts in most of the paper and assign forecasts and speculation about what the future might hold to a separate section right before the conclusion. 

4. (10) Links to course content: Have you made links to economic concepts, frameworks, techniques, and theories we have discussed in class or that you have encountered elsewhere?

1. Use terms precisely. For example, do not refer to a firm as a monopoly if it has a 50% market share. It might be a dominant firm in this case, but it is not a monopoly. Do not refer to disruptive innovation if you really mean architectural innovation or some other type of innovation. Take the time to check the definitions of any terms you employ.

2. Many papers include a five forces analysis. This is fine, but a complete analysis of an innovative firm or industry typically has to go beyond a five forces analysis. Be sure to consider the relevance of other concepts we discussed in class: complementors, resources, capabilities, dynamic capabilities, industry dynamics, strategic behavior, types of innovation, methods for appropriating returns, platform strategies and factors impacting platform success, interactions with the legal system, public policy, etc.

3. In this category, I also consider the novelty of the paper in light of existing work: Are the motivating questions important? Are the results interesting? Does the paper go beyond summarizing the work of others?

5. (5) The title: Your title must accurately (but briefly) convey the focus and content of your paper. Be as precise and as clear as possible, and make sure every word is necessary. Use 18-point font, upper-case letters to begin words, and do not underline. Also on the title page (in regular font), include your name, institutional affiliation, and the date. In a footnote to your name, provide your email address.

6. (10) The abstract: On the title page, include an abstract of 90-100 words (no more and no less; provide the word count). Most readers read only the abstract, so write the abstract with such readers in mind. Try to summarize the entire paper: briefly motivate the topic and summarize the method as necessary, and then provide the main results. Provide as much information as you can in the space you have (facts, dates, precise findings, etc.).

7. (10) The introduction: Most readers who get past the abstract read only the introduction. Given this, your introduction must be well written, brief, and precise. Get to the point; do not withhold critical information. Your introduction must include the following components, in order. Write one or two paragraphs on each (preferably one), and do not exceed three pages (shorter is better):

a. Motivation: Explain why your topic is worth studying and state your goal(s).

b. Method: Describe your approach and justify it. Part of this normally involves anticipating the sections that follow: First, I summarize the history of the industry from 1900-present in order to. Second, I conduct a five-forces analysis of the current market in order to. Third, Each item can then be a separate section in the body of the paper.

c. Contribution: Discuss your contribution to the literature and the body of knowledge pertaining to your topic. Cite prior work (academic work in particular) to help summarize existing knowledge. What is new in your work? Do any decisions or recommendations emerge from your work?

8. (5) The conclusion: Most readers who get through the introduction skip right to the conclusion. Given this, your conclusion should not assume the reader has read the body of the paper. Summarize your results and conclusions in a paragraph or two, and then briefly discuss some limitations of your results (such as your analysis makes an important simplifying assumption, or useful data is missing) and describe some possible extensions. Numbered lists are often useful: I find that four key characteristics of Firm X are responsible for its growth during 2010-2017. First, Second, Third, Fourth, The conclusion should be at most two pages long.

9. (10) Organization and writing: Include page numbers. Use section and subsection headings as appropriate. Section headings should be in bold 14-point font and numbered. Subsection headings should be in bold but in the regular font size. Work on paragraph and sentence structure, use words correctly, and replace complex words and phrases with simple ones wherever possible.

Use present tense and a first-person perspective, and be as brief as possible. Say “I find that…” rather than I found that or This paper finds that or My research has allowed me to conclude that Eliminate irrelevant words to shorten sentences: Say I focus on mergers rather than I will focus special attention on mergers and say I begin by rather than Before digging deeper into this case it is necessary to begin by.

a. If your paper focuses on reviewing a set of papers, it is often useful to follow the introduction by summarizing the historical development of the literature leading up to the papers you focus on with an emphasis on findings that are relevant for your topic.

b. In an industry study, it is often useful to follow the introduction with a summary of the historical development of the industry with an emphasis on facts that are relevant for your paper. In a firm study, it is often useful to provide an overview of the industry.

c. If your paper includes a theoretical model, carefully describe your notation, the structure of the model, and its solution. Develop your main claims or hypotheses.

d. If you analyze data using statistical techniques, discuss your sources and other information, summarize any sample data you use in tables (provide means, standard deviations, medians, mins, maxes, numbers of observations, etc.), and discuss any problems with your data or other information. Then describe your methods. For example, if you run a regression, you should present the regression equation, describe its components, and summarize how each variable is measured. If you examine trends, explain how you do so. If you interview industry participants, describe the questions.

10. (5) Visuals: Include at least one table and one figure created by you (not copied from another source). Missing one of these warrants a 50% deduction on this component. Tables and figures should be numbered, titled, labeled, large enough to see (with font sizes like those in the main text), readable in black and white, and the key insights from them should be discussed and interpreted in the text. Visuals not discussed in the text receive a grade of 0. Include only the information you need to refer to in the tables/figures. Ideal tables/figures are as self-contained as possible: explain terms, write out abbreviations, etc., to help the reader and minimize the need for the reader to go back and forth between the text and the tables/figures. Provide tables and figures at the end of the paper. Each table or figure must be on a separate page.

11. (5) Citations: Acknowledge your sources with minimal interference in the flow of the text. Economists essentially use the Chicago Author-Date system (, although in the case of journal articles or other short documents, page numbers are included only in the references and not in the text (unless you are quoting the source).

Most of the papers listed on the syllabus can serve as examples; Galasso and Schankerman Patents and Cumulative Innovation: Causal Evidence from the Courts Quarterly Journal of Economics 130:1 (February 2015): 317-69 (available through the library) is particularly good.

Some specifics:

a. List all references at the end of the text on a separate page in alphabetical order by the first authors last name. Use regular font size and include spaces between references.

b. When citing references in the text, use Author (Year), and embed citations in the natural flow of the sentence as much as possible: “Smith (2008) finds that….” For two or three authors, list all: Smith, Jones and Hu (2008) find that If there are four or more authors, use et al.: “Smith et al. (2008) find that….” No need for page numbers unless you are quoting, in which case they are necessary: Smith (2008, pg. 3) writes The 10-Ks do not provide all of the relevant information.

c. Minimize the use of footnotes: reserve them for listing several references at once, citing web pages that are too long to imbed in the text, or for lines of argument that digress from the main argument in the text. Use footnotes rather than endnotes. Place all footnote superscripts at the end of sentences after the period.

d. If you rely on a single source (or group of sources) for a large number of the facts, try to avoid citing it (or them) multiple times. A useful strategy: cite the source the first time you refer to it and let the reader know at that point that you intent to rely on that source for all similar facts in the rest of the section (or even the entire paper). For example, suppose you rely on a firms annual reports (the 10-Ks) for almost all of the financial data you report in the paper. The first time you present a financial outcome, include a footnote that reads something like Except where noted, all financial data provided in this paper is obtained from ACME Moving Companys 10-Ks from 1999-2010.

Economics/Monetary Policies

Due NEXT MONDAY 4/6/2020

Please answer each short answer question. Submit your answers in a Word Doc or PDF to by Monday, April 6 at 6:10pm with the subject line ECO365 Homework.

1.    Make a list of all of the major emergency programs that the Federal Reserve used in the Great Recession. In a few sentences, explain what they were, what the goal was, and if they accomplished that goal.
2.    Make a list of all of the major emergency programs that the Federal Reserve has deployed thus far to support the economy during the COVID-19 crisis. In a few sentences, explain what they are and what the goal is.
a.    Note: A good starting point for your research for this would be Whats the Fed doing in response to the COVID-19 crisis? What more could it do? published to Brookings by Cheng, Skidmore and Wessel.

Read the following articles on inflation and write a one paragraph summary for each, highlighting the key points. These were selected to enhance your understanding of Monday nights lesson on inflation.

PCE and CPI Inflation: Whats the Difference?

Inflation or No Inflation: Should the Fed Pursue Complete Price Stability?

The Feds Inflation Target: Why 2 Percent?

Finding from data

I need to expand my chapter “Finding” and which was attached.
Another attachment “Formalization” was the previous chapter and which was for your reference.

There are a few things that I want to finish in my chapter “Finding”:
1. Smooth the article – it too many things and data was in a mess, please assist to tidy up.

2. Regression Statistics –  explain more detail regarding the regression statistics.

3. Explain the hotels’ price was related – try to explain more why they are related (Even though regression model showed)

4. In the chapter “Formalization”, I found “When the cost of the hotel is small, the occupancy rate of the hotel will increase and the hotel price will decrease.” But the data showed in “Finding” was not match the result, please explain it.

**You can adjust my words but try not to delete unless it was not smooth.

Information as below:

Request question:
Is there any kind of strategic behaviour that may exist in the gaming and hospitality oligopoly of Macau?

Together, the six casino concession holders, SJM, MGM China, Sands China, Wynn Macau, Galaxy Entertainment, and Melco Resorts, form an oligopoly that dominates the gaming and hospitality industry of Macau. The oligopoly operates integrated resorts that provide both gaming and hotel services. The interdependence among oligopolists should be prominent. Therefore, the main purpose of this study is to examine the kind of the strategic behaviour that may exist in the gaming and hospitality oligopoly of Macau. Firstly, to analyze the production strategies in the gaming industry, this dissertation will analyze the gaming revenue and the number of gamblers to find out the interactive production patterns of the six operators. Secondly, I will explore the hotel room pricing strategies of the six operators. Competitive pricing patterns may be obtained from the time series of the latest hotel room prices.

For the purposes of this dissertation, quantitative analyses will be conducted based on secondary data. The major data sources include the Visitor Expenditure Survey, Travel Agencies Survey, Hotel, and Similar Establishments Survey and Gaming Sector Survey of the DSEC (Statistics and Census Bureau of Macau), as well as renowned hotel booking sites such as and Trivago.

Please use the below keywords in the paper.
Key Words: six casino concession holders, oligopoly, dominates, integrated resorts, interdependence, strategic behaviour, gaming and hospitality oligopoly, interactive production patterns, pricing strategies, Competitive pricing, quantitative, secondary data.

ECO 333 DBQ #9

Respond to both questions

1. What are your Takeways from the economic issues discussed in the  UNSDSN eConference Economics of the Coronavirus?

2. What are your Takeaways from the relationship of the destruction of habitat and climate change and infectious disease, epidemics and pandemics?


Question 1:

Your company is considering the purchase of a second-hand scanning microscope at a cost of $10,500, with an estimated salvage value of $500 and a projected useful life of four years.

Determine the straight-line (SL), and double declining balance (DDB) depreciation schedules for year 1 to 4.

Question 2: Find attached questions

Please prepare and submit your solutions to questions of the case available at the end of chapter 5 “Vegetron’s CFO calls again”. Consider data from section 5.1 and additional instructions from pages 130 and 131 to answer questions 1) and 2). Within the latter, elaborate on your recommendations to opt for high or low temperature processes, based on your calculations of each option’s NPV and internal rate of return and any other selection criteria you consider applicable.

Case study

Personal thought is important and must be based on the case I uploaded.Answer the point of questions. See the requirements that I uploaded. Need to answer point by point that I put a sample on the doc. Also, no need Exotic resources and reference. Just answer the question BASED ON THE CASE.Thank you !

Impediments to Economic Development

Discuss the contention that caste systems and patriarchal social systems are far more significant than poor natural resource endowments and corruption as impediments to economic development.
Your answer should be typed in double-line spacing and should not exceed 1600 words (references included). Avoid using extensive quotations from any of your sources. Apply theoretical perspectives from the course but also support your arguments with appropriate evidence.

Criteria & Marking:
Marks will be awarded for:
(i)  Evidence of the extent of relevant reading that has been undertaken, both in terms of breadth and depth, especially from the scholarly literate rather than merely referring to media reports and sources that have not been peer-reviewed (8 marks);
(ii)  Insight, critical thinking and creativity evident in applying theoretical perspectives to the topic (8 marks) ;
(iii)  Quality of writing (2 marks);
(iv)  Accuracy and consistency of referencing (2 marks). (It is recommended that you put your reference list together using EndNote and use the default APA format.)

I’ve attached some lecture handout for you, there are some theoretical perspectives you gonna apply in this essay and also a textbook you may find it useful.

experiment report

For this report use the file from our private value auction experiment.
I need an experiment report for it.
I have some example report for other games, please follow the similar structure those sample report.
I need you remind how to play the game and point out some specific experiment economic theory, like Nash equilibrium.
I have data collect and graphs for you.

– a scatter diagram graph (for the first treatment) that has the private value of the player on horizontal axis and her/his bid value (for that particular private value) on the vertical axis for each player in each round. Also you should draw a line that represents the theoretical prediction.
– a scatter diagram graph (for the second treatment) that has the private value of the player on horizontal axis and her/his bid value (for that particular private value) on the vertical axis for each player in each round. Also you should draw a line that represents the theoretical prediction. (similar to the previous one but for treatment two)
– a scatter diagram graph (for the second treatment) that has the private value of the /player on horizontal axis and her/his bid value (for that particular private value) on the vertical axis only for the last 5 rounds. Also you should draw a line that represents the theoretical prediction.

Across the United States, government officials have threatened to prosecute sellers they deem to be taking advantage of, i.e., price gouging, consumers who are preparing to be quarantined as a result of the COVID-19 pandemic.

Across the United States, government officials have threatened to prosecute sellers they deem to be taking advantage of, i.e., price gouging, consumers who are preparing to be quarantined as a result of the COVID-19 pandemic.
1. Is it true that sellers are taking advantage of consumers by charging higher prices?
(Hint: if sellers are responsible for the currently higher prices, why dont they charge higher prices during normal times?)
2. Will preventing price increases lower the cost of acquiring the goods, whose prices are prevented by law from rising?
3. What other forms of competition do you think will become relevant if prices are kept below their market-clearing levels?
4. Compare and contrast the effects of non-monetary and monetary competition on consumer and producer surplus.
(Hint: how do different forms of competition affect the gains from trade?)
5. Finally, assume that due to quarantining, the supply of goods is fixed, i.e., price has no effect on the quantity available. In this case, does letting the price increase serve a useful function?

Instructions: Write a 500 to 750 word, double-spaced essay that addresses these questions. Your analysis must be solely scientific in nature; Im not interested in your opinion about whether sellers charging higher prices is ethical or whether you support price-gouging laws. Indeed, if your essay includes this sort of commentary, you will not receive full credit. Your analysis must also make use of the economic principles we discussed in class. Everything you need to know to answer these questions can be found in the chapters we covered from either Mankiws Principles of Microeconomics or McGuigans Managerial Economics. Please do not feel compelled to use complex terminology or jargon. Graphs are also unnecessary, although I do encourage you to use a diagram to help you structure your analysis when you first get started. Examples of recent issues to from business publications (The Wall Street Journal, Bloomberg, etc.) may be useful to your analysis. Those sources should be property attributed either in the text or as a bibliography. Imagine yourself talking to a relative, who had never had a course in economics. The best papers are those that would be clearly intelligible to such a person.

Additional Details: To receive full credit, you should begin working on this essay immediately. The key to writing a good essay is rewriting, rewriting, and rewriting again, which can take a long time. In addition to the quality of your arguments, I will be evaluating your paper on style, grammar, spelling, etc. In other words, if you wait until the last minute to complete the assignment, its unlikely that youll receive full credit. Im happy to provide feedback on earlier drafts, so please do not hesitate to send me your work well before the due date in order to guarantee that you have time to incorporate my comments.

Any topic (writer’s choice)

you are expected to choose your own topic (US children obesity )and write a policy proposal that compares and contrasts economic models to explain behaviour (behavioral economics and rational choice), explain the resulting outcomes, make policy recommendations that are guided by economic principles and propose an appropriate method for conducting economic analysis.

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