Saudi Arabian Riyal and the U.S. Dollar
While Saudi Arabia seeks to diversify its economy, the Saudi economy is dominated by the petroleum sector. In addition, the Saudi Arabian Riyal (SAR) is pegged to the U.S. Dollar. For this week’s discussion, please answer the following questions:
What are the advantages and disadvantages of the pegged exchange rate?
Analyze the effect on the economy of Saudi Arabia (GDP, interest rates, inflation, and trade balance) given two scenarios when there is a dramatically declining world oil price or a dramatically increasing world oil price.
Exchange Rate Adjustments and the Balance of Payments
Module 12 – Exchange Rate Adjustments and the Balance of Payments
Currency Depreciation
Q- Exchange rate fluctuation may affect industries that are in direct competition with foreign producers or rely on their supplies. Specifically, international competitiveness is affected through the influence the exchange rate has on relative costs. In a critical essay, assume that the following four events are taking place:
Americans increase their travel to Europe.
Saudi investors purchase large amounts of U.S. stocks
U.S. interest rates increase suddenly because of a relative increase of world interest rates
Other countries experience economic and political turmoil and become less stable when compared to the United States.
Then, please answer the following questions:
How will each event affect the foreign exchange market?
Will your answer be different if the currency was pegged?
Please explain if a dirty float system will change your assessment
Global Environment Management
Discuss how this applies to International Strategy and discuss how we might introduce products from your countries here. Did you find anything that could be similar to markets in Alabama?
Minimum wage
minimum wage
Write: This Final Argumentative Essay will present research relating the critical thinker to the modern, globalized world. In this assignment, you need to address the following items in separate sections with new headings for each:
Identify the global societal problem within the introductory paragraph and conclude with a thesis statement that states your proposed solution(s) to the problem.
Describe background information on how that problem developed or came into existence. Show why this is a societal problem, and provide perspectives from multiple disciplines or populations so that you fully represent what different parts of society have to say about this issue.
Construct an argument supporting your proposed solution(s). Be sure to consider multiple disciplines or populations so that your solution shows that multiple parts of society will benefit from this solution. Provide evidence from multiple scholarly sources as evidence that your proposed solution is viable.
Interpret statistical data from at least three, peer-reviewed scholarly sources. Do this by discussing the validity, reliability, and any biases; identifying the strengths and weaknesses of these sources; and pointing out limitations of current research and attempting to indicate areas for future research. You may even use visual
Economics Related Videos
Mankiw’s 10 Principles” In Week 1 we’re introduced to Mankiw’s 10 Principles of Economics. This information is vital and will follow you throughout the course.
After you watch the video, you may also want to check out this infographic on the 10 Principles
AND
Topic of Discussion -1 this week—Please discuss these 4 funny but also very serious videos in terms of our class subject.
Rodney Dangerfield’s First Economics Class–Duration: (3:02)User: zatbone- Added: 10/11/08 YouTubeURL: http://www.youtube.com/watch?v=YlVDGmjz7eM
Boring Economics Professor–Duration: (1:13 User: angelabroz87 – Added: 2/7/10 YouTubeURL: http://www.youtube.com/watch?v=dxPVyieptwA
SAM KINISON IN BACK TO SCHOOL Duration: (2:51)User: jerzee420 – Added: 8/18/06 YouTubeURL: http://www.youtube.com/watch?v=Xfi4s8cjLFI
The following video in light of our current economic monetary events– had over 5,000,000 hits on You Tube!
Bill of Economic Rights
President Franklin Delano Roosevelt presented what he termed a Second Bill of Rights, specifically, a Bill of Economic Rights to which he felt every American was entitled. For this forum:
1. View President Roosevelt presentation on YouTube ( https://www.youtube.com/watch?v=3EZ5bx9AyI4).
2. As a budding anthropologist, what do you think of these rights? Write at least three sentences in response to each question.
(a) Should people be entitled to these rights? Explain why “yes,” or why “no.”
(b) Could they be achieved? Through what kind of political action?
Decision Support System and Solution
1- Identify a problem (opportunity) from the local (Saudi Arabia), regional (Middle-east), or global area.
2- Explain the context of the problem.
3- provide a model that is representing the problem; variables and relationships between them are to be specified.
4- Specify, generate or collect a data sets required for the model.
5- Provide a solution to the model using a different technique.
Notes:
1- Make sure that you provide a justification for each of the non-trivial elements of this model.
2- Be sure to make all your assumptions explicit. Egg: Genetic Solution (Objective function, size of the population, mutations and crossover parameters, convergence …etc.).
Economic definition of scarcity
Considering the economic definition of scarcity, would you say parking in Los Angeles is scarce? Why or why not?
I’m looking for 3-4 thoughtful paragraphs for your initial post (not just “Not if you know where to look” or “Parking–what’s that?”) framed in terms of what you have learned about scarcity. Any response that seems to quote too extensively from your text OR from any internet discussion of scarcity or parking will receive NO points.
Economic definition of scarcity
Considering the economic definition of scarcity, would you say parking in Los Angeles is scarce? Why or why not?
I’m looking for 3-4 thoughtful paragraphs for your initial post (not just “Not if you know where to look” or “Parking–what’s that?”) framed in terms of what you have learned about scarcity. Any response that seems to quote too extensively from your text OR from any internet discussion of scarcity or parking will receive NO points.
Unemployment
Please discuss this article as well as videos:
http://time.com/4504004/men-without-work/
(I personally agree very much with these videos of Dr. Reich, but not with everything he does.)Dr. Robert Reich, former Secretary of Labor under President Bill Clinton, professor, author and speaker —Robert Reich-what is wrong with economy in a little over 2 minutes!https://www.youtube.com/watch?v=JTzMqm2TwgE
Wealth Inequality http://www.youtube.com/watch?v=QPKKQnijnsM
Movie Outsourced.
http://www.youtube.com/watch?v=y-IO7M8df9g