Economics Assignment Example | Topics and Well Written Essays - 2500 words

Financial aspects - Assignment Example Moving downwards from the point D on the interest bend to the midpoint C, supreme estimation of the versatility of interest, however declining stays more noteworthy than one which makes complete income increment with the fall in cost of the item. While decrease in cost per unit of the product will in general lessen income, increment in amount sold brought about by it will in general increment the income. Cost versatility staying more noteworthy than one over the midpoint C infers that the rate increment in amount requested surpasses the rate fall in cost which makes the all out income increment. In this manner, up to the degree of yield Q which compares to the mid-point C of the interest bend, all out income bend continues expanding. 2. Inelastic range (e 0 45 2 6.33 90 Elastic 40 3 3.40 120 Elastic 35 4 2.14 140 Elastic 30 5 1.44 150 Elastic 25 6 1.00 150 Unit versatile 20 7 0.69 140 Inelastic 15 8 0.47 120 Inelastic 10 9 0.29 90 Inelastic

Essay on What Does the Minimum Wage Do

Exposition on What Does the Minimum Wage Do Exposition on What Does the Minimum Wage Do? Exposition on What Does the Minimum Wage Do?In numerous nations, there exist the lowest pay permitted by law principles which secure the workers rights to get a compensation covering in any event essential needs. In the United States, the Fair Labor Standards Act making sure about least wages was authorized in 1938 (Henderson 52). As swelling and downturns influence the economy, least wages are balanced. Notwithstanding, such expands put more focus on organizations and might adversy affect work. There are the two supporters and rivals of the lowest pay permitted by law increment. The key proposition of this paper is the accompanying: the lowest pay permitted by law ought to be expanded to guarantee that laborers can continue their essential needs.The increment of the lowest pay permitted by law will prompt an outstanding improvement of the nature of living of those individuals who live underneath the destitution line and near the neediness line. In the United States, the extent of su ch individuals is around 25% (Belman and Wolfson 67). In this way, the expansion of least wages will diminish social disparity and improve prosperity of the most unfortunate households.Furthermore, the buying capacity of these families will build; considering the quantity of such families, these progressions are probably going to positively affect the economy. What's more, those individuals who decided not to work due to significant expenses of transportation and settlement may begin searching for employments after the expansion of least wages (Neumark and Wascher 30). These progressions may marginally build the pace of employment.The adversaries of the lowest pay permitted by law increment express that the raise will prompt the development of joblessness as organizations will cut occupations. In actuality, organizations will to be sure need to lessen costs, however the heaviness of low-paying occupations in generally speaking operational expense is low, so organizations will be bou nd to decrease the compensation for desk employments or cut working expenses in some different manners (for example streamlining their flexibly chain, decreasing waste, and so forth) (Tucker 14).One greater contention on the side of the lowest pay permitted by law is the way that the raise will ask organizations to improve execution so as to advance expenses. Consequently, organizations will be urges to diminish wasteful aspects because of the expansion of the lowest pay permitted by law. In this manner, it is prescribed to expand the lowest pay permitted by law so as to help laborers who have low-paying employments and to accomplish a slight financial lift.

Course-selection advice for incoming students COLUMBIA UNIVERSITY - SIPA Admissions Blog

Course-selection advice for incoming students COLUMBIA UNIVERSITY - SIPA Admissions Blog The Office of Admissions has received several inquiries from incoming Fall 2015 students about orientation, course registration and assistantships. Luckily, one of our Admissions Ambassadors decided to share with all of you some insiders knowledge on how to  approach academics and financial aid at SIPA. Heres what Sriram Gutta, MPA 15, had to say: One of the challenges students meet during the registration week is the confusion around course selection. Many of us come to SIPA with specific goals: these include learning a new language, improving our quantitative skills, and enhancing our ability to write effectively, among others. There are a few things that further complicate course selection. Some of these include fellowships that are offered at the end of first year, prerequisites for some courses, and cross registration with other schools. I will address each of these issues separately. Breaking down  the academic  rigor for each course One of the ways to understand the potential workload in each class is too check the syllabus for total number of exams (versus papers), frequency of assignments (some courses like economics have weekly submissions), and other requirements including group work. I personally decided against doing microeconomics, quantitative techniques, and Politics of Policymaking in the same semester. Meeting those course prerequisites This is one area I personally didn’t closely monitor in the first semester. I wanted to take Corporate Finance in my second semester and an impact investing course. But Corporate Finance had Accounting for International Public Affairs  as a prerequisite and the impact investing course had Corporate Finance as a prerequisite. You can avoid such a situation by listing prerequisites against courses in your Excel file (if you  haven’t done so yet, I do recommend creating an Excel spreadsheet for your courses). Insider tip: Some of the prerequisites can be waived if you have prior coursework/relevant work experience. It is always good to talk to the professor about this. Cross registration One of the best parts about SIPA and Columbia University is the access to some tremendous schools and faculty. I personally enrolled in three  courses at Columbia Business School and have friends who took  courses at three different schools in the same semester. Enrolling in courses at other schools allows you to increase your network beyond that at SIPA. So if youre interested in cross-registering for a course, it is important to follow the deadlines for online submission and ensure that you send the request within minutes of the application opening. Insider tip: I have seen people enrolling in courses by emailing professors in advance and sharing their background and iterating their interest in the course. While this may not work always and with all professors, it is worth trying. A screenshot from Sriram Guttas Excel spreadsheet, which he used to organize his course requirements. Getting the leg up on  assistantships I have seen many of my peers (including myself) struggle to balance the courses they want to do with those that they think they can excel in to improve their chances  get an assistantship,  which include teaching assistantships (TA), program assistantships (PA), department research assistantships (DRA), research associate positions (RA), and reader positions.  My approach early on was to take a few core courses in the first semester and take at least two other courses where I have experience in  and excel in those. My core courses include Microeconomics and Politics of Policymaking. I complemented these with two courses where I was reasonably sure Id do well in. These courses helped me both increase my GPA and put me in a good position to be considered for a fellowship. The last course was at Columbia  Business School in an area I was curious about. In the end, I was the TA for  Nonprofit Financial Management in the  fall of  2014. What also helped me immensely throughout my four semesters at SIPA was an Excel file that I created for managing my courses. This included all my requirements given my degree, concentration, and specialization. I then listed all these courses and created separate tabs for each semester. This helped me plan which courses to take in which semester and ensured that I was always on top of what requirements I needed to fulfill toward graduation. Insider tip: If you know that you are doing well in a specific course, make it clear to the professor that you are interested in TA or DRA position and seek advice on how you can improve of your chances. Remember that many students satisfy both conditions for fellowships and often times it comes down to your likeability and rapport with the professor. Another thing to keep in mind is that a lot of time in the second and fourth semesters is spent internship/job hunting. Make sure you take courses accordingly, leaving enough time for career planning. I will end this blog by reiterating that planning is critical in managing the courses and meeting the goals you set for yourself.