International Economics Research Paper Assignment
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
International Economics Research Paper Assignment
Please choose one question from each section The maximum number of bonus questions can be answered is 2.
Questions: Section A – Ricardian Model & Specific Factors Model (33 pts.)
1-Suppose an hour’s labor produces 4 kg of rice and 8 meter of cloth in Nepal, and 2 kg and 8 meter in Bangladesh. Using opportunity costs, explain which country will export cloth and which will export rice in trade? If you think Nepal and Bangladesh should trae rice and cloth, what principle you borrowed from Ricardo did you use? Discuss. 2-A country produces two crops – barley and wheat. Given the price of barley (Pb) and wheat (Pw), the relationship of labor allocation is shown as MLPb x Pb = MLPw x Pw = w, where MLPb and MLPw are marginal products of labor for the two. Suppose after opening up to trade wheat’s price increases by 15 percent and barley’s price increases by 8 percent; in what percentages (any “possible” number) the wage increases and how the income distribution changes after opening up to trade?
Bonus Question (10 points): Suppose the competitive wage is not the market wage thus there is unemployment. How that particular price change ocurring after opening up to trade might affect the income distribution? Discuss.
Questions: Section B –Hecksher-Ohlin Model & Standard Trade Model (33 pts.)
- Suppose in the year of 2012, Slovenia had a 2 million population and its capital stock worth of US $ 46,000 million, and the corresponding figures are 10 million and US $ 544,000 million for Sweden. Answer the following, on the basis of this information i. Which country is capital abundant? ii. How much capital stock the capital abundant country should lose to become labor abundant? iii. If production of cloth is labor intensive relative to the production of computers, which country would export cloth, if engaged in trade? iv. In which country the labor employed in production of computers is against the import of computers (after opening up to trade), and why?
Bonus Question (10 points) : After opening up to trade, free market transactions would bring certain losses for import competing sectors. Can you introduce the mechanism or governmental policy which would make everybody richer (or some people richer without making some not poorer) relative to before opening to trade?. Discuss.
- Suppose Malaysia and Taiwan have same number of labor and capital and share same production technology. Suppose Malaysia begins to export cloth to and import fish from Taiwan after opening up to trade (These countries constitute the market for cloth and fish). Use standard trade model to answer the following, on the basis of this information? i.) Show the relation between relative prices before opening to trade? Discuss.
ii.) Show trade triangles for each country (Use PPF and social indifferences for both countries)? iii.) Suppose perfect competitive market conditions hold in fish and cloth markets. Suppose there is increase in demand for cloth resulting in increase in relative price of cloth (relative to fish prices) How it would affect the trade triangle of Malaysia?
Bonus Question (10 points) : Discuss how would your answer to 2B iii.) would change if cloth is inferior good for Malaysia?
Questions: Section C – International Trade Policies & Intra-Industry Trade Model (34 pts.)
- Evaluate the impact of tariff on the welfare of importing country i. If the country is not big enough to affect world price (of that particular good) ? ii. If the country is big enough to affect world price (of that particular good) ?
Bonus Question (10 points) : Suppose that the government provides income transfers to consumers (of the good referred above), how it would affect your answer to the question. Discuss your answer in the light of the fact that the good (referred above) is very small portion of the consumer’s budget?
- Suppose that fixed costs for a firm in the automobile industry is US $ 5 million and the marginal cost is constant and is US $ 17,000 per finished automobile. Because competition in the market increases with the number of firms, the market price falls as more firms enter into the automobile market denoted by P = 17,000 + (150/n), where n represents the number of firms in a market and P is the market price for automobile. Assume that the initial size of the U.S. and the European automobile markets are 300 million and 533 million, respectively. i. Calculate the equilibrium number of firms and equilibrium price of automobiles in the U.S. and European automobile markets without trade ii.
Now suppose the United States decides on free trade in automobiles with Europe. The trade agreement with the Europeans adds 533 million consumers to the automobile market, in addition to the 300 million in the United States. How many automobiles firms will there be in the United States and Europe combined? What will be the new equilibrium price of automobile?
International Economics Research Paper Assignment
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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