Tuesday, June 28, 2011

can you solve this for me please

can you solve this for me please?
7.Subsidised exercise. The disease diabetes 2 is an ever increasing problem in Denmark and throughout the Western world. It has turned out that mild versions of the disease may be treated by daily exercise, but it is difficult to get people to exercise. They will come up with all manner of excuses from lack of time to the unpleasant sweating and smelling that you exude after having exercised. As a consequence, subsidising exercise has been considered. So far this model has been tried in Sweden with a good result, but Denmark is considering introducing a similar system. The demand curve for exercise may be described as: P=200-5Q Where Q represents the monthly hours of exercise while P represents the discomfort from exercise by the hour. If you are greatly discomfited by exercise, you will exercise as little as possible, and if you are only discomfited to a relatively small degree, you will exercise a lot. The costs of exercise are an expression of what you might do instead of exercising, and it is clear that if you have to do a lot of exercise, you will miss many other activities, so the costs may be described as: MC=20+Q To this should be added the mentioned considerable advantages to society from the exercise, since you avoid all the additional complications associated with diabetes. Society’s advantages from having people exercise may be described as: P=100-0,5Q, as there are great advantages to be had from the first hours of exercise and fewer advantages to be gained from additional hours of exercise. It is assumed that the market for exercise is characterised by perfect competition, so you are to: •Compute the private optimum, i.e. private price, quantity and contribution margin. •Compute the social optimum, i.e. social price, quantity and contribution margin. In order to get people to exercise more, subsidising exercise has been considered. This would mean that on application to the local social services administration you may have your cost of exercising at a gym covered by more than 100%, which means that there is even some income to be gained from exercising. •You are to compute the subsidies at which the public sector is to refund expenditure on exercise in order to shift from the private to the social optimum. Compute and illustrate the social loss of deadweight to society if you are in the private rather than the social optimum. 8.Obesity tax. As everyone knows, obesity is one of the greatest social problems in Denmark. Over time almost everything has been tried to get people to eat healthy food and take exercise, but it has not worked and the number of obese citizens is increasing heavily. Finally, the authorities approach Niels Lauritzen, MSc. in economics, who after considering the matter for 10 minutes says: ”If economic incentives are effective within all types of areas, they will also work for obesity”, and he therefore suggests an obesity tax, which quite simply means that people must pay tax depending on their BMI. If their (Body Mass Index) is over 25, they must pay tax to the government, as obese people are a burden to the public health system in the same way that drivers are a burden to the road system. •Using demand and supply curves you are to illustrate how such an obesity tax may reduce the number of obese people and cause a shift from private towards social equilibrium.
Economics - 2 Answers

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1
No.... ,,No ..I cannot.


2
The private optimum= not sure If you are in the private rather than the social optimum, the social loss of deadweight to society (if the society's advantages from having people exercise may be described as: P=100-0<5Q) will be great.

Tuesday, June 21, 2011

Should I do a masters degree straight after I graduate with my bachelor

Should I do a masters degree straight after I graduate with my bachelor?
I'm going to start with my BSc degree in Economics at Swansea University, and having done more research into the reputation of universities, i'm kind of regretting choosing Swansea, since I declined offers from Cardiff, Manchester, Leicester and East Anglia in the process. Anyway, I don't feel it is the end of the world - it's still fairly decent and traditional, right? I'd like to do (not an MBA) but maybe something like an MSc in Economics/Finance/Management when I graduate at a much better university, e.g. Warwick, Bristol, Durham, Bath, LSE, UCL, Oxbridge etc, is this good/bad when entering the job market having graduated with such a masters degree? It means I will be 22 by time I have graduated with a masters. I'm also aiming for a job in the financial/commercial sector - it would be nice if I could enter the world of investment banking, or management/financial consulting or at least accounting. Something lucrative and prestigious in the financial world. Is my approach, by aiming to do a masters at a better university than Swansea, a good/bad idea? Thanks in advance.
Higher Education (University +) - 3 Answers

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1
If it serves your best interests- in the long run- to get a Master's now, then I would go for it now...


2
If you will be changing schools then I suggest letting some time pass before you apply. Graduate schools like to see that you were able to have some time to really think about you previous major and that you are sure you want to continue. After I graduate I plan to go to nepal and spend some time (a year) living with monks. I thought that would look pretty good on my application. :) But yea, taking some time off or working for a bit will look legitimate and help your chances of getting in. However, I'm sure it's not to big of a deal to go straight in.


3
I'd say if you have the determination to go straight in to it then go for it, but that's a few years off isn't it, so you'll not know how you feel until the time comes. Maybe by then you'll be needing a gap year or something. If you're still up for it when the time comes, I'd recommended Bristol. My friend is there, and it's a fantastic university. The lecturers are great, and there's a good pass rate there. Just work really hard to get good pass on your bachelor degree & it will help your chances to get in.

Tuesday, June 14, 2011

i want to study phd in canada in agricultural economics Please help

i want to study phd in canada in agricultural economics Please help?
I am about to finish my Msc in Germany. I am Ethiopian. What is the way to study phd in canada. How can I get matching universities and scholarship, Please help
Higher Education (University +) - 1 Answers

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If you want your PhD in Agricultural Economics, the best university in canada for your studies would be the University of Guelph, in Ontario. I am not certain what you are asking for when you say how can I get a matching university and scholarship... please elaborate... Thank you.

Tuesday, June 7, 2011

Why are the MSB and MPB curves parallel,in a positive externality and the MSC and MPC diverge in a negative

Why are the MSB and MPB curves parallel,in a positive externality and the MSC and MPC diverge in a negative?
In micro economics, why do the marginal social BENEFIT curve and the marginal private BENEFIT curve parallel in a positive externality, and in a negative externality the marginal social COST cirve and marginal private COST curves diverge? Please help, Thanks alot! =)
Economics - 1 Answers

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They dont have to. You could draw them however you want, as long as they are different. I supposes texts do that to make a point, especially in regards to cost. That is, the more units produced, the greater the difference between private and social cost.

Wednesday, June 1, 2011

I've just graduated with a BSc, is it worth pursuing an MSc as well

I've just graduated with a BSc, is it worth pursuing an MSc as well?
I've just graduated with an economics degree in the UK. Before getting into a full-time career, I'm taking a year out to earn enough money to study for a Master's degree next year. I'll study either MSc Accountancy or MSc Finance / Management. Has anyone got any advice as to how much more employers value an MSc than a BSc?
Higher Education (University +) - 1 Answers

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1
getting an MSc will definitely be useful but I think you need to work for a few more yrs ( say 2-3) to get a complete feel of how things work in practical work environment and then go ahead n study..well this is stictly my opinion. I cant vouch for it as the truth.