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QUESTION
Assignment
Watch the Boom Bust Boom video. This video is also available through Amazon, Netflix, Vemeo and other streaming services. Rent the film Boom Bust Boom (Also the film your extra credit writing assignment is based on) Answer one of the questions about the film (1a - 1e). Make sure to identify which question you are answering. 1a. Describe how the 2008 financial crisis was connected to the mortgage market. Then describe how the 2008 crisis affected you or someone you know. 1b. Summarize what you learned about the many financial crises that were described in the film. Research one of the historical crisis mentioned during the Nathan Tankus segment in the film and discuss some policy responses to the financial crisis. (i.e. how did the government respond) 1c. Describe Minsky's financial instability hypothesis. Research Minsky's work on hedge, speculative and ponzi finance and summarize each type of debt structure.(Levy Institute) 1d. Write a paragraph explaining some of the problems with the neoclassical model discussed in the film. (Most of your textbook is based on the neoclassical model). Provide an example of how real markets do not fit the neoclassical model. 1e. Write a paragraph describing how students have responded to the 2008 financial crisis. What is the benefit of studying economics? How is a financial crisis different from the economic crisis caused by the pandemic? Pick a year between 1929 and 2007 not chosen by another student and: 2. List the rate of unemployment, output (GDP growth rate), and inflation rate in the economy in your chosen year and in the prior and successive years. Note that all the data you need for this is located below.. 3.Identify any specific shocks (supply, demand, positive, negative) that may have been affecting your chosen year. This may require outside research – if so identify your references. 4. Based on (1) and (2) above, what phase of the business cycle do you believe your chosen year was in? Explain your reasoning. You can find the data at Unemployment Rate by Year Since 1929 Compared to Inflation and GDP
so i think the first question is from the Boos Bust Boom film
sorry Boom Bust Boom
2,3,4 from this link https://www.thebalance.com/unemployment-rate-by-year-3305506
| Subject | Business | Pages | 4 | Style | APA |
|---|
Answer
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Assignment
- Describe how the 2008 financial crisis was connected to the mortgage market. Then describe how the 2008 crisis affected you or someone you know
The 2008 financial crisis was arguably the worst economic disaster in the United States since the great depression. It started in 2006 when housing prices began to drop while many homeowners, with questionable credit were approved for mortgage loans. They also allowed banks to invest in the mortgage, which were so profitable that the banks decided to lend to even riskier borrowers. This unregulated instability in the mortgage market led to the instability. This affected me and many other people I knew in different ways. For instance, my parents – who had had a long thought plan of buying a home to settle in – became reluctant to do the same. This affected their financial situation in that period.
- Pick a year between 1929 and 2007 not chosen by another student and: 2. List the rate of unemployment, output (GDP growth rate), and inflation rate in the economy in your chosen year and in the prior and successive years.
Year
Unemployment rate
GDP Growth
Inflation Rate
1972
5.2%
5.3%
3.4%
1973
4.9%
5.6%
8.7%
1974
7.2%
-0.5%
8.7%
- Identify any specific shocks (supply, demand, positive, negative) that may have been affecting your chosen year. This may require outside research – if so identify your references
The high inflation and unemployment rates in 1973 was majorly caused by the fall of the Bretton Wood System after the Nixon shock of 1971 (Leeson, 2003). Furthermore, the 1973 oil crisis that increased oil demand due to the embargo that was placed by the Arab Nations increased the rate of inflation in the same year.
- Based on (1) and (2) above, what phase of the business cycle do you believe your chosen year was in? Explain your reasoning. You can find the data at Unemployment Rate by Year Since 1929 Compared to Inflation and GDP
The year 1973 was in the contraction cycle of the business cycle. I believe this because the year saw a slowdown in the pace of economic activity since the previous year had growth while the preceding year had fallen in terms of GDP. Furthermore, in 1974, the preceding year, the president of the nation resigned and minimum wage reduced. This insinuates that the economy was experiencing negative growth, which is the contraction stage.
societal change.
References
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Cooley, Charles Horton. 1963 [1909]. Social Organizations: A Study of the Larger Mind. New York: Shocken.
Curtis, J. E., Baer, D. E., & Grabb, E. G. 2001. “Nations of joiners: Explaining voluntary association membership in democratic societies.” American Sociological Review, 66, 783–805.
De Tocqueville, Alexis. 1994 [1835]. Democracy in America. New York: Knopf.
Etzioni, A. 1975. A comparative analysis of complex organizations. New York, NY: Free Press.
Granovetter, M. 1983. “The strength of weak ties: A network theory revisited.” Sociological Theory, 1, 201–233.
Little, William. 2016. Introduction to Sociology, 2nd Canadian Edition. Retrieved July 28, 2020 (https://opentextbc.ca/introductiontosociology2ndedition/).
Openstax. 2017. Introduction to Sociology, 2e. Houston, Texas: Rice University.
University of Minnesota. 2010. Sociology: Understanding and Changing the Social World. Retrieved July 28, 2020 (https://open.lib.umn.edu/sociology/).
Weber, M. 1978. Economy and society: An outline of interpretive sociology (G. Roth & C. Wittich, Eds.). Berkeley: University of California Press. (Original work published 1921).
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QUESTION
Week 4 Discusssion
This is a discussion question that I need answered. I need the second portion of the questioned answered thoroughly, both bullet points. I have highlighted it in yellow to show that it is what I need answered. I need this r returned to me completed without any grammatical or punctual errors. The company that I want this question written about is Nissan Motor Corporation.
Choose ONE of the following discussion question options to respond to:
Using Adverse Conditions to a Company's Advantage
- Chakravorti (2010) discusses four methods that corporate innovators use to turn adverse conditions to their advantage. Examine an organization of your choice and briefly discuss how the organization might use one of these methods.
-OR-
Assessing Risk and Reward
- Using the company of your choice, identify an important and difficult decision that they faced. What were the most important risks and the most important rewards of the decision?
- What data, analysis or perspective would you have used to help Sr. Management decide if the rewards outweighed the risks?
| Subject | Business | Pages | 4 | Style | APA |
|---|
Answer
Assessing Risk and Reward
The Nissan Motor Company is one of the leading automobile makers in the world. The Japanese carmaker has primarily enjoyed a successful run, allowing it to enter various regional and international markets such as the United States. However, the changing business environment was not favorable to the company in 2019. Notably, the cooperation recorded losses amounting to 7.8%. The experience pushed the management into making tough decisions, requiring almost all of its North American workforce to go for unpaid leaves.
In late 2019, the company announced that the decline in sales necessitated a two-day unpaid leave for the North American workers. The stated days for the vacation were January 2 and 3rd (Chicago Tribune, 2019). Notably, this move was a crucial decision for the company because of its conflicting impacts. Whereas on the positive side, it could help the firm minimize expenses, it threatened to affect the public perception of the company regarding employee welfare.
The rewards for the decision involved cutting expenses by not paying the workers on leave, which eventually would translate into reduced expenses. Another reward was that the decision could allow the company to optimize performance by evaluating employee performances then developing new milestones. However, on the low side, the company risked affecting its public image and brand name, especially in the North American market. As per Chakravorti (2010), the way an organization treats its employees influences the firm's public perception. Thus, Nissan risked eliciting a negative public perception. With a distorted public image, the company could fail to revive its declining sales.
I would have advised the management of Nissan to utilize the Predictive Analytic perspective in determining the right decision to take. Ideally, the approach tries to predict what might happen in the future if particular decisions or actions are undertaken at the moment (Traymbak & Aggarwal, 2019). Looking at the situation at Nissan, the company needed to develop a goal such as increasing sales. After that, they would have made decisions aimed at realizing the set goal. In this regard, the predicted outcome could give the management an overview of whether more risks existed or significant rewards could be realized.
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References
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Leeson, R. (2003). Ideology and the International Economy: The Decline and Fall of Bretton Woods. Springer.