代写ECON203 MICROECONOMIC ANALYSIS

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    • 代写ECON203 MICROECONOMIC ANALYSIS
    ECON203 MICROECONOMIC ANALYSIS
    S2, 2016
    Compulsory Assignment (15%)
     
    Instructions:
     Answer ALL questions clearly and in your own words. Where diagrams are used to
    illustrate your answer, they MUST be your own diagrams.
     Graphing tools in word or excel may be used (unless indicated). Hand-drawn
    graphs are also acceptable.
     Diagrams downloaded from the internet or copied/photocopied from a
    textbook are NOT acceptable.
     Where explanations in words are used, they MUST be computer typed (with a
    font size of 12). As a guide, the answer to each question should be normally
    between 400 – 600 words.
     The assignment comprises 5 questions and each is worth 10 marks. Altogether the
    assignment is worth 50 marks and accounts for 15% of the total mark for the unit.
    The marks awarded will depend on the quality of the reasoning exhibited and the ability
    to express the argument in a concise manner.
     Each assignment must represent the student's own work.
     In particular, this means that the written answers submitted by the student
    must be composed by that student.
     Copying of another student's answer or from textbooks, or getting someone else
    (with or without payment) to do the assignment for you, or part thereof, is
    clearly regarded as plagiarism.
     Cases of plagiarism will be dealt with severely.
     For further information on plagiarism and how to avoid it, please refer to the
    university policy about academic honesty and integrity.
    2
    Submission:
    Place your assignment in the correct box (there will be three boxes corresponding to the
    assignment number) at BESS before or by 11am Thursday 20 October 2016.
    No extensions will be granted. Students who have not submitted the assignment by the
    deadline will be awarded a mark of ZERO, except for cases in which an application for
    Disruption to Studies is made and approved.
    Cover sheet:
    Use the cover sheet provided (attached at the end of this document). All relevant details
    requested on this sheet must be supplied. In particular, you must write your ECON203
    Assignment Number in the provided space. You can find your unique ECON203
    As s i g nme n t Number on a document in the Assignment folder.
    (Note: One bonus mark will be awarded to students fulfilling this requirement)
    Marking guide:
    As mentioned earlier, the marks awarded will depend on the quality of your answer such as
    how specific and detail they are, whether you provide supporting evidence to your
    reason/explanation, etc. Therefore there is no precise rule of marking. Below are just some
    general rules:
    (i) Answer copied from the given articles will result in a mark of zero.
    (ii) Answer copied from each other will result in a mark of zero for both the copiers
    and copies.
    (iii) There may be more than one solution/answer to a question, thus don’t worry if your
    answer differs from others’. As far as you provide a reasonable argument, you’ll
    get a good mark.
    3
    Question 1
    Read the article on “Mexico urged to double tax on sugary drinks” and answer the following
    questions:
    a) Base on this article, discuss the effectiveness of increased tax on sugary drink on the
    reduction of soft drink consumption.
    b) Argue if sugary drinks are a normal or an inferior good. Use a diagram to explain why
    consumers would be worse off with the hike in tax.
    Question 2
    Read the article “Another Drug Pricing Ripoff” and answer the following questions:
    a) Use your economics knowledge to reason for increased price of EpiPen.
    b) Recommend one policy to the Government in order to curb the price hike. Use a diagram
    to analyze the welfare effect of such policy.
    Question 3
    Read the article “The myth of economies of scale: bigger is not necessarily better for super
    funds” (which can be accessed from the link attached) to answer the questions below:
    http://theconversation.com/the-myth-of-economies-of-scale-bigger-is-not-necessarily-betterfor-
    super-funds-60177
    a) What does it mean by economies of scale in the superannuation industry? Elaborate your
    answer.
    b) Comment on the statement of the bigger is better in the context of this industry.
    4
    Question 4
    Read the article “Why a $15 minimum wage won’t unleash jobs Armageddon” from the link
    attached and answer the following questions:
    http://theweek.com/articles/616649/why-15-minimum-wage-wont-unleash-jobs-armageddon
    a) The competitive market analysis predicts that a minimum wage law results in a deadweight
    loss to society. Argue why governments around the world still utilize this policy.
    b) The theoretical analysis of a minimum wage law often shows an increase in unemployment
    when the law is in place. However, this article suggests that the $15 minimum wage hike
    should raise employment in New York State (even just marginally). Explain why it would be
    the case.
    Question 5
    Read the article on “Automation and Anxiety” to answer the following questions:
    a) According to this article, what types of job have a high degree of substitutability of capital
    (or automation) for labor (or workers)? Elaborate.
    b) As suggested in the article, one factor influencing the degree of substitutability of capital
    (or automation) for labor (or workers) is whether a job is routine or not. Explain why.
    代写ECON203 MICROECONOMIC ANALYSIS