Hyperinflation

post has three assignment

I. Answer the following questions.
1. What is hyperinflation?
2. How would an economist explain why hyperinflation occurs?
3. Look at any country that has experienced hyperinflation and give an explanation how hyperinflation occurred.
4. Did the country fix or bring hyperinflation under control? If so, how? If not, what happened?

Or
II. The government and hyperinflation.

We covered hyperinflation and the Fed. Can the government cause hyperinflation? Explain.

2:Organizational Behavior

write a report and make a formal presentation based on an interview with a manager. In general, the interview should explore what organizational behavior means to your chosen manager.
Interview Guidelines: 1) The interview should last about an hour. You may want to tape record the interview so that you can make more detailed notes at a later time. Make sure you ask permission to tape record the interview. 2) You should have interview questions prepared in advance. Asking the right questions is important in making sure that you have enough data to address the required topics in your report. 3) Be prepared for answers different from what you anticipate. It’s okay to probe your manager’s answers, even if you didn’t plan to – that can generate a very interesting interview. 4) Don’t expect the interviewee to know the theories from the book. It’s your job to interpret the answers you hear in light of concepts from the book; it’s not the job of the manager you interview to do that. In other words, don’t ask the interviewee “Do you use [a particular theory] in motivating your employees?” Instead, ask how he or she motivates the employees, and you then interpret the response in terms of theories we have read and discussed.
Written Report Guidelines: The report should include the following elements:
1) Manager Information, including (very briefly – no more than 1 short paragraph)
– The manager’s name, position, contact information, and organization
– How many subordinates she or he manages
– Information about the manager’s educational and work experiences
– Information about the manager’s job
2) General OB Section: Approximately one-half of the interview (and the report) should focus on the manager’s perceptions of organizational behavior. You are required to ask the following questions to the manager:

1) Have you ever taken a course in organizational behavior (OB)?
• If yes, what do you remember most about the course? Which topics were most relevant to your day-to-day responsibilities?
• If no, do you think a course in OB would be useful in your work?
2) Do you think all college students, regardless of their major, should take a course in OB?
3) What do you like the most about being a manager? What do you like the least about being a manager? Why?
4) How do you motivate your workers?

3) Focus Section: The other half of the report should focus on one specific area of OB that we study in this class, such as perception, motivation, decision making, leadership, teamwork, conflict management, communication. Prepare at least 7 questions on the topic you choose before you go to your interview, put them on the interview form and take it with you as a reference. Try to ask open-ended questions, rather than “yes/no” questions, to give your interviewee an opportunity to explain his or her views.

Here are examples of some questions you could ask if you chosen topic is leadership:
– How would you describe your style of leadership?
– Do you think great leaders are born or made? Why do you think that?
4) Conclusion / reflections: Wrap up your thoughts / ideas / reflections about the interview in a final paragraph. Make sure to discuss what you have learned from the interview in your conclusion.

Organize the information from the interview into a format that flows logically and communicates the major areas covered in the interview. Write it in essay form – do not submit your final report in Question/Answer format. Rather, you should discuss your thoughts, comments, and observations resulting from the interview. I am primarily interested in your interpretation of the interview, not a lengthy dialogue of what the interviewee said.

5) Paper Guidelines: Your paper should be a maximum of 8000 words (Main report), typed, double-spaced, 12 point font. Brevity and succinctness are important in business communications. Wordy reports and messages are often ignored, so you need to practice writing concisely, without wasting words.

3:Macroeconomic analysis

Apply macroeconomic analysis to a current event reported in
the national press. As stated on the first day of class, one of the goals of this course is to get you
to become economically literate. Reading and understanding articles on current macroeconomic
issues is an integral part of this process. The term paper will be your first attempt at formal
macroeconomic analysis, and it is our hope that you will continue to approach press articles in a
similar way well after you have finished taking Economics 103.
1. Finding an Article
WHAT SHOULD I BE LOOKING FOR IN AN ARTICLE?
A good article for this term paper will explicitly discuss a macroeconomic issue. Before you
decide on an article, ask yourself: Why would a macroeconomist be interested in this article?
Which of the concepts that I learned in Econ 103 can I apply to this article? Can I draw some of
the graphs that I saw in class to represent what is being described in the article? If you have clear
answers to these questions, the article you found is probably a good one for the term paper. It is
also important to check if you find key macroeconomic definitions in the title and text of the
article. For example:
– “Fed expected to increase interest rates in response to inflationary pressures.”
– “President expected to present new fiscal policy in speech tomorrow.”
Your article may present a fact about the economy that is consistent or inconsistent with what
you learned in class. In either case, you want to discuss what macroeconomic theory would
predict in that particular situation. For example:
– “China devalues its currency, and it experiences an increase in exports.” This would be
consistent with our models of the market for foreign exchange, and you would need to
explain this model via descriptions and graphs.
– “The Fed reduces the interest rate, but aggregate expenditure does not rise.” This would
be an inconsistency with what we learned about monetary policy, and you would need
to explain what you would have predicted given your knowledge of interest rates and
investment.
The article you choose must have been published during the current semester. We strongly
recommend that you show your chosen article to your TA before you start writing your term
paper.
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WHERE DO I FIND AN ARTICLE?
If you are already receiving the Wall Street Journal, it is most likely your best source. Be sure to
check the main section daily for relevant news. Other reputable sources of macroeconomic news
include:
– The Economist (http://www.economist.com)
– The Financial Times (http://www.ft.com)
– The New York Times Business Section (http://www.nytimes.com/business)
– News and Press Releases from the White House (http://www.whitehouse.gov)
– Federal Reserve Board of Governors (http://www.federalreserve.gov)
Keep in mind that many of these resources are available for free through the UIUC library. For
more information, visit the Library Gateway at http://www.library.uiuc.edu.
2. Structure of the Term Paper
COVER PAGE
Your paper should include a cover page that contains the following:
– Your name
– Your TA section (e.g. BQP – 1 PM)
– A title for your term paper. The title should provide the reader with a rough idea about
the content of your term paper.
– The title, source, and date published of the article you are using for your term paper.
PART I – INTRODUCTION AND ARTICLE SUMMARY
This section should be no longer than one page. Summarize the facts and events from your
article, and explain why they are relevant macroeconomic topics. You should not simply “copy
and paste” the article in this section. Instead, you should summarize the relevant facts covered in
the article and the point of view or opinion of its author (if applicable), using your own words
and technical language (read: economic terms) learned in class.
Your introduction should also contain a thesis statement. Ideally, the thesis statement will
specify the macroeconomic concepts you will use to analyze the facts and events in the article,
and give the reader an idea about where your paper is headed.
PART II – THEORY REVIEW AND ANALYSIS
This section should be the “heart” of the term paper, about two to three pages. Discuss how
macroeconomic theory helps you explain the facts and events in the article, using the tools,
definitions, and graphs covered in class. For example, if the article claims that “government is
cutting taxes to fight the recession,” you should be able to explain how this expansionary fiscal
policy operates by increasing consumers’ disposable income, increasing consumption and thus
increasing aggregate output via the tax multiplier.
If your article discusses an event that is inconsistent with macroeconomic theory, explain where
the contrasts lie, and try to explain why the theory’s prediction failed in that case. Always be
specific about the concepts you are using to discuss your article.
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PART III – PERSONAL OPINION AND CONCLUSION
This section should be about one to two pages. Restate the main ideas you proposed in the
second section, and provide a personal opinion about the article. Do you think that the contents
of the article are consistent with macroeconomic theory? If the author of the article analyzes the
situation, do you agree with him/her? Do you have any recommendations for the government in
light of what is being covered in the article? Keep in mind that a strong opinion will use the tools
and theory you learned in class to support your arguments.
3. Other important points
Your paper should be five to six pages long, and should be divided into the three parts described
above. The beginning of each part should be labeled, and one blank line should separate two
consecutive parts. The font used must be Times New Roman, size 12. The text must be double
spaced, and the margins may not be larger than 1.25 inches. Papers that are not typewritten will
not be accepted.
Whenever you first use a technical term in your paper, you must include a short explanation or
definition. For example, if you state, “the article cites a study that found that the deficit response
index is –0.2,” you should provide the definition for “deficit response index.”
Finally, a copy of the article you wrote about must be supplied with the paper, with the date of
publication clearly printed.
4. Graphs, Tables, and Diagrams
Your paper must contain at least one graph. You may use as many additional graphs, tables, or
diagrams as you think are necessary to better present your paper. All graphs, tables, and
diagrams must be located at the end of the paper, in an appendix. Each graph should be labeled
with a number and title (e.g. Figure 1: Shift in Aggregate Demand), and you should refer to them
with these numbers in your text (e.g. “As can be seen in Figure 1, the aggregate demand curve
shifts to the left…”). DO NOT include graphs as part of your text. Don’t forget to label all your
axes and important points on your graphs.
The pages that comprise your appendix WILL NOT COUNT toward the five to six-page length
requirement of your paper. Therefore, you may have as many graphs, tables, and diagrams as
you need. Computer-generated graphs look more professional and are preferred, but handdrawn
graphs are fine.
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5. Grading
The term paper will be graded on a scale of zero to one hundred, please refer to your syllabus to
see the weight given to the term paper in your final grade calculation. Every paper starts out
with 100 points, and will lose points for deficiencies such as:
– The article and concepts discussed in the paper are not related to macroeconomics,
– Improper use of economic definitions and theory, or the lack of usage when needed,
– Wrong interpretation or description of the article,
– Confusing writing, analysis, or explanation,
– Failure to follow the guidelines mentioned above.
Your term paper will receive an automatic zero if:
– The article was published before the current semester,
– The paper was handed in after the deadline,
– A copy of the article is not provided with the term paper,
– The paper is not typewritten,
– The text of the term paper is less than five pages or greater than six pages.
Your paper may also receive extra marks if, for example:
– The topic chosen is very interesting, original, and/or difficult to analyze but you handled
it well,
– You used economic theory exceptionally well to explain the topic in your paper,
– You were creative in explaining your macroeconomic topic.
6. Final Remarks
The date by which you should show your chosen article to your TA, as well as the due date of the
term paper, will be announced in class. The paper will be due at the beginning of class on the
due date, and you must personally hand your paper to your TA.
If you have trouble with the actual writing of the paper, or if you feel like you need help with
your writing skills, an important resource here at UIUC is the Writer’s Workshop. The
Workshop provides personalized help to students in need of writing assistance. According to
their website (http://www.english.uiuc.edu/cws/wworkshop):
“The Writers’ Workshop, part of the Center for Writing Studies, provides free
writing assistance for University of Illinois students, faculty, and staff from all
disciplines and at all stages of the writing process. Discuss your writing with
consultants who are experienced writers and teachers of writing. Call (or dropin)
to set up a 50-minute session at one of the four Workshop locations.”
If you have any questions, comments, or concerns, please contact your TA befor

Hyperinflation