Questions On Economics And Finance - 2149 Words

ECON1009 – INTRODUCTORY ECONOMICS AND FINANCE SP2, 2016 Answer ALL the questions, as listed below, following the instructions provided in the Course Outline (Assessment #3 - Take Home Examination, pages 9-10). QUESTION 1 Using appropriate diagrams, discuss how an increase or an improvement in the following non-price determinants of supply would change equilibrium prices and quantities. (a) Technology, (b) Input/resource prices, (c) Taxes and subsidies, and (d) Expectations of producers. (4*5=20 Marks) QUESTION 2 Suppose South Australian consumers’ average incomes increase from $3,000 to $3,400 per month, which then results in an increase in the quantity of smartphones demanded from 15,000 to18,500. You are required to do the following: (a) Calculate the income elasticity of demand (Ey), (b) Interpret the income elasticity of demand coefficient, and (c) Explain whether smartphone is a normal good or a luxury good or an inferior good and why? (10+5+5=20 marks) QUESTION 3 (a) What is ‘demand-pull’ inï ¬â€šation and how does it differ from ‘cost-push’ inï ¬â€šation? Demand-pull inflation is the term used to describe (b) When the economy approaches full employment, why does demand-pull inï ¬â€šation become a problem? (10+10=20 marks) QUESTION 4 Using the following ATO tax rates for 2015-2016 calculate: (a) How much tax a person would pay with a gross income of $100,000 and expenses of $1,500 for vehicle and travel; $500 for clothing, laundry and dry-cleaning; $200 for gifts andShow MoreRelatedMonitoring and evaluation1235 Words   |  5 PagesDevelopment Finance Monitoring and Evaluation Lecture-I Dec 2, 2013 Learning objectives 1 What is development? 2 Emergence of development economics 3 Development planning in India 4 Evaluating development programmes 5 What is impact evaluation? 6 Types of evaluation 7 Evidence-based policy making 8 Evaluation questions; hypotheses and performance indicators Development Finance (IFMR) Monitoring and Evaluation Dec 2,2013 2 / 11 Read MoreCase 11 6 Lessee Ltd Essay671 Words   |  3 Pages Case 11-6 deals with Lessee Ltd., a company that operates in Britain and uses IFRS. The question in this case is how to classify a lease that Lessee, Ltd. acquired from Lessor Inc. The accounting standard that deals with leases under IFRS is IAS 17. IAS 17 was originally issued in September 1982 and was reissued in December 2003. It classifies leases as either finance leases or operating leases. Finance leases make it so that the lessee recognizes an asset and a liability and the lessor recognizesRead MoreWhat Language Do You Speak? Essay735 Words   |  3 PagesWhat language do you speak? During a conversation last week I was asked â€Å"What languages do you speak?† Given that the potential opportunity has multiple languages involved it is a valid question. Now fast forward to a conversation I had this weekend where this question was asked in another matter and for different purpose. How do you communicate the value you bring to your client or put it in another way â€Å"What language do you speak?† I’ve learn an exceptionally noteworthy lesson both at GeneralRead MoreWhat Languages Do You Speak? Essay911 Words   |  4 PagesWhat languages do you speak? 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Part D Introduction to corporate finance. †¢ Efficient Market Hypothesis (EMH). †¢ Capital investment decisions (capital budgeting). †¢ Financing decisions. Main Issues †¢ Efficient Market Hypothesis (EMH) †¢ Empirical evidence on EMH †¢ Implications of EMH †¢ Questions and practical issues about EMH 13-2 Efficient Market HypothesisRead MorePersonal Finance Of The United States1201 Words   |  5 PagesPersonal Finance in the U.S. Personal Finance has always been an emotional topic in the United States. Today, many Americans are generating unlimited wealth and living exceptional lives, while others are struggling to make ends meet. Evidently, people’s actions and beliefs are the deciding factors in their achievement of wealth. So, this huge gap in wealth between rich and poor people has a special connection with the philosophy and attitude of each individual toward personal finance. Merriam-Webster