Topic 1 Is today's post-Cold War era of Hyper-Globalisation and Neoliberalism different from the globalisation in the first Golden age of globalisation that began in the 19th century when European imperialism provided much of its political structure and the Industrial Revolution the technology? Also, why is it that in the recent past, global governance and globalisation and the relation between the two become a much discussed subject?

Read the article and share your thoughts on profit or value maximizing perspective of firms. Is the Friedman Doctrine Still Relevant in the 21st Century? https://www.chicagobooth.edu/review/friedman-doctrine-still-rele vant-21st-century (Links to an external site.)

1. Using the concept of supply and demand, discuss the price of beef and where it is likely to go moving forward. What does your response suggest for the price of substitute products?

) Matching utility functions and indifference curve maps Consider the following 6 utility functions: a) For each, find the expressions for marginal utilities and the marginal rate of substitution, and determine whether monotonicity and convexity are met. b) Next, try to picture what indifference curves will look like, and see if you can find a matching graph below. [Try not to rely too much on brute force calculations of utility values – what if the grid was not shown and you couldn't easily identify the coordinates at any given point?]

Question 1: Refer to the graph below to answer the questions that follow. Price Per Unit 50 40 30 28 10 O 10 20 25 3 2 Quantity/n10 20 25 Quantity A. Write out the names of the curves represented by 1, 2 and 3 fully. Do not merely use the symbols. (3 marks) B. Identify the law curves 1, 2 and 3 obey. (1 mark) C. Justify why curve 1 lies above curve 2. (1 mark) D. Use points a and c and their respective price values to explain what the vertical gap between two points represents. (2 marks) E. How many products should be made if the producer wishes to achieve maximum labour efficiency? (1 mark) F. How many products should be made if the producer wishes to achieve maximum productive efficiency? (1 mark) G. Which market price would allow this producer to attain normal profit? (1 mark) H. Which market price would allow this producer to attain economic profit? (1 mark) 1. At which price should the producer consider closing down? (1 mark) (12 marks)

Assignment Instruction Topic: Events impacts on economy Description: Describe in detail the importance of events to the economy Provide one detailed example of an event that contributed to the economy. Provide another detailed example of an event that contributed to the economy Skills and creativity in your project References format: APA

2. Reflect on the link between higher beef prices and inflation. How are the challenges facing cattle ranchers today both a product of, and a contributor to, current inflationary patterns?

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Suppose Mindy and Tulip are roommates. Mindy works part-time at Roberto's and can bring homefour carne asada burritos for free every week. Tulip works part time at Tapioca Express and can bringhome eight steamed pork buns for free every week. Use x to denote the number of burritos, and yto denote the number of pork buns. a. Suppose Mindy is always willing to trade one burrito (x) for two pork buns (y), regardless ofhow many she has. i. Draw a couple of her indifference curves in the graph. ii. Are Mindy's preferences convex? Tulip is also indifferent between having 4 burritos and no pork buns and having 8 pork bunsand no burritos. However, she would prefer to have 2 burritos and 4 pork buns instead. i. Draw a couple of Tulip's indifference curves (what they might plausibly look like – you don't have enough information to draw them precisely) ii. Are Tulip's preferences convex? c. Might the girls decide to share/trade food with each other? Find one possible exchange so that neither of the girls is worse off, and at least one of them is strictly better off. Consider the following possible specifications of utility functions: \text { i. Which of these functions is/are consistent with Mindy's initial preferences? } ii. Which utility function(s) is/are consistent with Tulip's preferences? [Hint: consider that indifference curves may look different from the way you drew them.]

Response 1 Instructions Here, you will pick one of the Original Posts of another student from Discussion 1 or Discussion 2. I want to know your general thoughts about the podcast and then your opinion on whether you agree or disagree (and why) with the other student. The same guidelines of respect and civility pertaining to the original posts will also apply here! Remember, we are all in the same boat together and the boat tips over when everyone is on the same side. A healthy and respectful disagreement can be very enlightening. no. 388 the economics of sports Gambling https://freakonomics.com/archive/ Sports gambling is a huge market where many people from around the world gamble their money on whether a specific sports team will win or lose. The Freakonomics podcast goes in-depth into the world of sports gambling from an economist's perspective to understand the inner workings of the venture. There are various sports gambling methods, but the main one mentioned in the podcast is fantasy sports. Fantasy sports is essentially a gambling method in which you become the coach of a team of players you get through a draft to then play against other people's teams with money on the line. Stephen j. Dubner, the host of this episode of Freakonomics, talks to one of the first fantasy sports players, Peter Gethers. Dubner talks to Gethers about that first season so long ago and what his expectations were for fantasy. After discussing how fantasy works and Gethers's expectations for fantasy, Dubner begins to explain the economic growth of fantasy which generates 8 billion dollars a year from the US alone. After talking to Gethers, Dubner begins talking to one of the founders of draft kings Jason Roberts, a website where you can play fantasy sports online. They start by discussing Robins's interest in sports as a kid, the introduction of the internet, and its impact on fantasy. After talking about Robins's past, they began discussing the political side of sports gambling in the US. They discussed the fact that as the states continue to legalize gambling, the black-market world of sports gambling will be brought to light resulting in substantial economic growth for betting websites like draft kings if they choose to not only continue fantasy sports but also start straight-up betting on sports games. After talking to Robin a bit more about the intricacies of draft kings, Dubner starts talking about how economists would bet by always choosing the team or player with the highest chance of winning and leaving little to luck.