BLAW1002 - Markets and Legal Frameworks - Market Successes and Failures - Economics Assignment Help

Assignment Task :

Question : (BLAW1002)

WQ1. EXERCISE 1.2 USING EXCEL: INCOME DATA AND THE RICH/POOR RATIO You can see the interactive graph and download the spreadsheet data that the CORE team used to create Figure 1.2. Choose five countries that you are interested in: 1. For each one, calculate the rich/poor (90/10) ratio in 1980, 1990 and 2014. (To do this in Excel, follow the step-by-step instructions in the walk-through in Figure 1.3.) 2. Describe the differences you find between countries and the changes over time. 3. Can you think of any explanations for these differences? 
 

 WQ2. THE POOREST MAN’S COTTAGE ‘The poorest man may in his cottage bid defiance to all the forces of the Crown. It may be frail, its roof may shake; the wind may blow through it; the storms may enter, the rain may enter—but the King of England cannot enter; all his forces dare not cross the threshold of the ruined tenement.’ William Pitt, 1st Earl of Chatham, speech in British Parliament (1763). 1. What does this tell us about the meaning of private property? 2. Does it apply to people’s homes in your country? 

 WQ3. CAPITALISM 

WQ4. FIRM OR NOT Using the CORE definition, explain whether each of the following entities is a firm by investigating if it satisfies the characteristics that define a firm. Research the entity online if you are stuck.

1. John Lewis Partnership (UK)

2. a family farm in Vietnam

3. your current family doctor’s office or practice

4. Walmart (US)

5. an eighteenth-century pirate ship (see our description of The Royal Rover in Unit 5)

6. Google (US)

7. Manchester United plc (UK)

8. Wikipedia 

 WQ5.  DOING ECONOMICS: MEASURING CLIMATE CHANGE In this module E1, we discussed climate change as one of the effects of the rapid economic growth that happened in most countries since the Industrial Revolution. Climate change is an important issue for policymaking since governments need to assess how serious the problem is and then decide how to mitigate it. 
 Suppose you are a policy advisor for a small island nation. The government would like to know more about the extent of climate change and its possible causes. They ask you the following questions:

1. How can we tell whether climate change is actually happening or not?

2. If it is real, how can we measure the extent of climate change and determine what is causing it? {time-permitting} 

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