Untrustworthy and poor quality resources are proliferating faster than good ones on the web and there is an increasing incidence of students getting things wrong by relying on ‘the internet’. Submit the answer in a word document. 1. Explain why GDP is a flawed measure of well-being and explain the virtues and pitfalls of available alternative approaches and ways of thinking about this. 2. Explain and assess the arguments for sound finance and ‘austerity’ to reduce public debt, and weigh them against the arguments in favour of Keynesian functional finance. 3. Analyze the causes of the financial crash of 2008. 4. Inflation and deflation can both be damaging. Explain how. Also, explain which monetary policies are used to counter both. 5. The Marginal Productivity theory of income determination implies everyone gets paid for the value they produce: Critically assess this claim, exploring the arguments and evidence for and against it, and outline the most prominent alternative theory of income distribution and inequality. you are writing an article for Harvard Business Review or The Economist: Combine news and analysis from contemporary sources with what we have learned, and will learn in our class topics, to analyze these three themes (inflation, mass resignations and strikes, supply chain problems), fitting them together into an integrated account of post-pandemic economic conditions. Underneath is a page of resources for researching question 6 this, use some and use own too also of course. Post-pandemic conditions research resources These resources are for researching and sharing materials on post-pandemic conditions; which we are discussing in several classes and is also the subject of a question in the second written assignment. If you answer that question, I expect you will cite contemporary sources and show knowledge of those on this page. Audio-Visual material Bloomberg report on tight supply chains (Links to an external site.)
