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$1.00 industry research completion eco 205

  • From Economics: General-Economics
  • Closed, but you can still post tutorials
  • Due on Jan. 30, 2009
  • Asked on Jan 27, 2009 at 8:18:40PM
Q:
Can anyone offer any help with this?

Final Project: Industry Research Completion
Resource: Appendix A
Due Date: Day 7 [Individual] forum
Write a 1,750- to 2,450-word paper in APA format that provides an economic profile of the industry you have researched. In your paper, discuss how the following impact the industry.
o Shifts and price elasticity of supply and demand
o Positive and negative externalities
o Wage inequality
o Monetary and fiscal policies
Conclude your paper with final thoughts on:
o How the economy affects the success of your chosen industry
o Economic influences that can affect the industry in a negative way
Post your paper as a Microsoft© Word attachment.
 


   
   
   
   
chains73 asked: did you do appendix b already where you chose an industry? If so what industry did you choose. You need the final or the stuff leading up to it?
To which my2kidsmom said: I did appendix b on the housing industry
 
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Preview: ... h introduced as panaceas for society<br> (Mander, 1998, para. 1, 25, 26).<br><br>Another negative externality associated with technology concerns unemployment and wage inequality.<br> The rise in U.S. wage inequality over the past two decades is commonly associated with an increase in the use of "skill-biased" technologies (e.g., computer equipment) in the workplace. This rising inequality in the United States has been caused predominantly by increasing wage dispersion within industries rather than between industries. Second, within-industry inequality is strongly tied to both the frequency of computer usage among workers and the fraction of total employment with a college degree. Both results lend support to the idea that skill-biased technological change has been an important element in the rise of U.S. wage inequality. <br> (Wheeler, 2005, para. 1)<br>However, a study conducted in Austin, Texas reports opposite findings, concerning wage <br>inequalities.<br>One of the objectives of the AEC [the study] was to track the effects of the "new economy" on wages and wage inequalities in Austin. Implicit in this analysis is that the wage inequality story is one foretold by the "new economy." Policymakers promote high tech because these industries generate high paying jobs for college-educated workers, such as electrical and electronic engineers and computer specialists. However, high-tech firms pay higher wages not only to college graduates but also to relatively less skilled technicians. <br>Non-high-tech industries in Austin still generate more than 80 percent of employment in the city; they pay lower wages for all percentiles of the wage distribution. More important, non-high tech industries employ 95 percent of individuals in the bottom 10 percent of the wage distribution in Austin. This evidence suggests that wage inequality in Austin is a story largely foretold by the old economy or the non-high-tech industry.<br>(Echeverri-Carroll, & & Kshetramade, 2001, p.1)<br>Along with wage inequalities, monetary and fiscal policies are also affected by technology. <br> The term monetary policy refers to what the Federal Reserve, the nations central bank, does to influence the amount of money and credit in the U.S. economy (Federal Reserve Structure, 2008, p.1). Over the past two decades, deregulation, vastly improved information and communications technology, and advances in our understanding of finance have combined to accelerate the pace of financial innovation; these innovations have had far-reaching consequences (Parru, 1996 para. 6). <br> There's [There is] no strong evidence that aggregate demand has become any less sensitive to monetary policy. An example from the housing industry shows how financial innovations have cut both ways"; the elimination of deposit ceilings has lessened the adverse disintermediation effect on the housing industry, but this is to some extent counterbalanced by the introduction of ARMs, w ...

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