Required Resource
Text
Amacher, R., & Pate, J. (2013). Microeconomics principles and policies [Electronic version]. Retrieved from https://content.ashford.edu/
Recommended Resources
Articles
Cororaton, C. B., & Peterson, E. B. (2012). Potential of regional and seasonal requirements in US regulation of fresh lemon imports. The World Economy, (8), 1022. Retrieved from https://library.ashford.edu/ezproxy.aspx?url=http%3A//search.ebscohost.com/login.aspx?direct=true%2526AuthType=ip,cpid%2526custid=s8856897%2526db=eoh%2526AN=1329032%2526site=ehost-live
Mandel, B. R. (2012). Why is the U.S. share of world merchandise exports shrinking? Current Issues in Economics & Finance, 18(1), 1-11. Retrieved from https://library.ashford.edu/ezproxy.aspx?url=http%3A//search.ebscohost.com/login.aspx?direct=true%2526AuthType=ip,cpid%2526custid=s8856897%2526db=bsh%2526AN=71852073%2526site=ehost-live
Multimedia
Khan, S. (n. d.). Currency exchange introduction (Links to an external site.)Links to an external site. [Video file]. Retrieved from https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/currency-tutorial/v/currency-exchange-introduction
DISCUSSION 1
Why would cash transfers typically be preferred by recipients over in-kind transfers? What are the pros and cons of each from a government perspective? Respond to at least two of your classmates.
DISCUSSION 2
Who gains and who loses from a tariff? How do the effects of tariffs differ from the effects of quotas? If you were a small country, what would you rather utilize?
Guided Response: Review the discussion board posts of your classmates. Note their analysis of those who gain and lose from a tariff. Respond to at least two of your classmates. Compare your classmates’ analyses on using tariffs vs. quotas by comparing to your own. Which is better?
ASSIGNMENT
Market Structures
In an eight- to 10-page paper, describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, monopoly), provide a real-life example of each market, and respond to the following for each market structure:
The Market Structures Final Paper
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