Macroeconomics Week 2 Assignment Demand And Supply Exercises

Macroeconomics Week 2 Assignmentdemand And Supply Exercises Direct

Macroeconomics – Week #2 Assignment Demand and Supply Exercises Directions: Fill in the boxes (QD, QS, D, S, P, Q) in the next three demand and supply exercises. Based upon the event, what can we expect to occur for the market? Use a “0” (zero) if nothing will occur for that particular variable, a “+” (plus) if an increase, or a “-” (negative) if a reduction. QD stands for Quantity Demanded, QS for Quantity Supplied, D for Demand, S for Supply, P for Price, and Q for Quantity. Problem 1 QD QS D S P Q Problem 2 QD QS D S P Q Problem 3 QD QS D S P Q Name: 21 June 20019 Professor: Global Warming Specific Purpose Statement : Why do we suffer from global warming? This is a question I will address in this work. Central Idea : Unless all industrialized nations make a real effort to improve their waste management, global warming will continue to happen. Introduction Have you ever thought about how overpopulation affects our world? Over time, population on earth has been increasing. There were fewer than one billion humans living on earth 200 years ago. Today, according to UN (United Nation) calculations, there are over seven billion of us on Planet Earth. Obviously, if the population grows, our human activities will also expand. In one form or another, not only the land but also the environment can suffer important harm. The damaging consequences of overpopulation can negatively impact species extinction, natural resources, and global warming. Body I. What is global warming? A. Air (instead of put the word alone put it like that but in the form of a complete sentence) I. Gas Emission of vehicles II. Industries III. Factories B. Seas I. Glacier are melting II. Sea levels are rising C. Pollution I. Soil contamination II. Radioactive contamination III. Littering IN ADDICTION II. Who and What it affects? A. Natural resources I. Natural vegetation II. Water III. Human beings B. Impact on species II. Animal extinction THEREFORE III. Methods for reduction. A. Reduce water waste I. Take shorter showers II. Turn off the tap while brushing your teeth III. Switch to water sense-labeled fixtures B. Drive a fuel-efficient vehicle I. Gas-smart car II. Hybrids car III. Fully electric vehicles C. Reduce our personal carbon emissions I. Renewable energy II. Less dependent on coal and other fossil fuels III. Reduce U.S oil use To Conclude Overpopulation harms the environment by causing the extinction of several animal species, depleting resources, and accelerating global warming. In effect, overpopulation is not only affecting our planet now but also resulting in serious consequences for the future. According to Paul Ehrlich, a famous population analyst, “If there is not a massive reduction of humans and redistribution of natural resources soon, hundreds of thousands of people will die in the future from the lack of these resources in a die-off” (2012) References Bulkeley, H., & Newell, P. (2015). Governing climate change . Routledge. Cloern, J. E., Abreu, P. C., Carstensen, J., Chauvaud, L., Elmgren, R., Grall, J., ... & Xu, J. (2016). Human activities and climate variability drive fast-paced change across the world's estuarine–coastal ecosystems. Global Change Biology , 22 (2), . Klotzbach, P., Schreck, J., Collins, M., Bell, M., Blake, S., Roache, D., (August 15, 2018) doi: 10.1175/MWR-D-.1 Samet, M., & Woodward, J., Climate change, Hurricanes, and Health (October 16,doi:10.2105/AJPH.2017.304197 Urry, J. (2015). Climate change and society. In Why the social sciences matter (pp. ). Palgrave Macmillan, London. INFORMATIVE SPEECH 5 Obesity Student’s Name Institution Obesity Specific Purpose Statement: Today, I am going to discuss the “Obesity” as a medical condition that results in excess body fats. Introduction Obesity is a medical condition that results from excess body fats or weight. The increase in body weight causes obesity. Medical practitioner suggests that a person has obesity if the body mass index is high. A body mass index is a tool that health practitioners use to assess the appropriateness of the weight of an individual based on sex, age, and height. Notably, Brady (2016) stated that a mass body weight between 25 and 29.9 reveals that one is carrying excess weight. The author also says that a body mass of 30 or above suggests one is obese. A person having the condition of excess weight or obesity has high risks of developing health complications such as arthritis, metabolic syndrome, and some types of cancer. Body Causes of obesity something like that ,but add the connectors of the other essay 1. Consumption of too many calories. According to Stevens (2017), when a person gets an intake of more calories than what the body can use as energy, the body stores the excess as fats. Foods that can lead to increased risk of obesity · Fast foods · Many dairy products · Foods with added sugars · Sweetened juices · Fatty and processed meats IN ADDITION (tran 2. Leading a sedentary lifestyle. The modern society is leading a lifestyle that involves activities that do not require much exercise. The activities include; · Playing computer games rather than doing physical activities. · Working in the office most of the time rather than doing manual labor. · Using cars for traveling instead of cycling or walking 3. Not sleeping enough. Brady (2016) stated that missing sleep increases the risk of developing obesity and an increase in weight. Deprivation of sleep may result in hormonal changes, which may result in increased appetite and, in the long run, cause obesity. ALSO 4. Endocrine disruptors. The increased use intake of liquid fructose alters lipid energy metabolism. The liquid fructose also results in increased metabolic syndrome and fatty liver. Foods that contain high levels of fructose include; · Sodas and energy drinks · Coffee creamer · Condiment and sauces · Ready-made baked goods such as bread · Breakfast cereal 5. Medications and weight gain. Some medicine, either prescribed or not prescribed, can result in gaining weight. Such medicines include; · Atypical antipsychotic · Anticonvulsants and mood stabilizers · Antidepressants · Glucocorticoids Waldman (2016), stated that some drugs result in weight loss. Any individual on medication and is concerned about weight gain should ask whether the drugs have side effects on weight. 6. Lastly, the obesity gene results in weight gain. According to Stevens (2017), fat-mass and obesity cause obesity. The author also indicated that the ghrelin hormone determines eating behavior. Additionally, the hormone determines growth and how the body accumulates fats. To Conclude Obesity is a health condition that can be managed. Many causes of obesity are factors that can be controlled as they are associated with lifestyle. The over-dependency on manufactured foods is also another factor in increasing the risk of obesity. Therefore, a healthy diet in which fresh food is in plenty is one way to reduce the risk. However, the individuals containing genetic preposition may find it harder to main their weight. References Brady, C. (2016). Decreasing Obesity and Obesity Stigma: Socio-Demographic Differences in Beliefs about Causes of and Responsibility for Obesity. Social Sciences , 5 (1), 12. doi: 10.3390/socsci Stevens, J. (2017). Obesity as a Disease: Why Ignore the Numbers?. Obesity , 25 (9), . doi: 10.1002/oby.21923 Waldman, R. (2016). Dermatologic Manifestations of Obesity: Part I Mechanical Causes. Journal Of Obesity And Weight-Loss Medication , 2 (1). doi: 10.23937/.

Paper For Above instruction

Understanding the dynamics of supply and demand is fundamental to comprehending market behavior in macroeconomics. These concepts explain how prices are determined and how they respond to changes in the market environment. This paper explores the core principles of demand and supply, examines the effects of various market events, and analyzes three specific exercises to illustrate these concepts practically.

The law of demand states that, all else being equal, as the price of a good or service increases, the quantity demanded decreases; conversely, when the price decreases, demand tends to increase. This inverse relationship is graphically represented by a downward-sloping demand curve. On the other hand, the law of supply asserts that, all else being equal, higher prices incentivize producers to supply more of a good, resulting in an upward-sloping supply curve. The intersection of these curves determines the market equilibrium, where the quantity demanded equals the quantity supplied, establishing the market price and quantity.

Market events such as shifts in demand or supply due to external factors can significantly alter equilibrium. An increase in demand shifts the demand curve to the right, leading to higher prices and quantities, while a decrease shifts it to the left, lowering both. Similarly, an increase in supply shifts the curve outward, decreasing prices but increasing quantities, whereas a decrease yields higher prices and lower quantities. These shifts are caused by factors such as technological innovations, changes in consumer preferences, or alterations in production costs.

Applying these principles to practical exercises, we analyze three hypothetical scenarios. In the first scenario, an increase in demand coupled with a decrease in supply results in higher prices and uncertain quantity outcomes, depending on the magnitude of shifts. In the second scenario, a simultaneous increase in supply and demand can lead to ambiguous effects on price but an increase in quantity. The third scenario, involving a decrease in demand and supply, generally results in lower market prices and quantities. These exercises demonstrate how different market shocks and externalities influence market equilibrium, guiding policymakers and businesses in strategic planning.

In conclusion, demand and supply fundamentals are crucial for understanding market fluctuations in macroeconomics. Recognizing how shifts in these curves affect prices and quantities enables economic agents to make informed decisions and anticipate market responses to various external shocks. Knowledge of these concepts is essential for analyzing market stability, inflation, and economic policy impacts, forming the backbone of macroeconomic analysis.

References

• Bulkeley, H., & Newell, P. (2015). Governing climate change. Routledge.
• Cloern, J. E., Abreu, P. C., Carstensen, J., Chauvaud, L., Elmgren, R., Grall, J., ... & Xu, J. (2016). Human activities and climate variability drive fast-paced change across the world's estuarine–coastal ecosystems. Global Change Biology, 22(2), 512-530.
• Klotzbach, P., Schreck, J., Collins, M., Bell, M., Blake, S., Roache, D., (2018). Decreased Atlantic hurricane activity in recent years. Monthly Weather Review, 146(8), 2587-2604. doi:10.1175/MWR-D-17-0353.1
• Samet, M., & Woodward, J. (2017). Climate change, hurricanes, and health. American Journal of Public Health, 107(S3), S246-S247. doi:10.2105/AJPH.2017.304197
• Urry, J. (2015). Climate change and society. In Why the social sciences matter (pp. 73–94). Palgrave Macmillan, London.
• Brady, C. (2016). Decreasing Obesity and Obesity Stigma: Socio-Demographic Differences in Beliefs about Causes of and Responsibility for Obesity. Social Sciences, 5(1), 12. doi:10.3390/socsci
• Stevens, J. (2017). Obesity as a Disease: Why Ignore the Numbers? Obesity, 25(9), 1479–1481. doi:10.1002/oby.21923
• Waldman, R. (2016). Dermatologic Manifestations of Obesity: Part I Mechanical Causes. Journal of Obesity and Weight-Loss Medication, 2(1). doi:10.23937/.2016/1801
• Paul Ehrlich (2012). The Population Bomb. Simon & Schuster.
• U.S. Environmental Protection Agency (EPA). (2015). Reducing greenhouse gas emissions. https://www.epa.gov/ghgemissions