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Business Consultancy Project

Business Consultancy Project – for students enrolled on the BM top-up since Jan 2020 Component 2: COURSEWORK INDIVIDUAL Assessment weighting 60% (assesses all Learning Outcomes ) You will submit an individual report (4,000-5,000 words +/- 10%) which is the culmination of a consultancy project with suggestions for action. You must justify your approach to the […]

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BUDGETING AND FINANCE POLICY

BUDGETING AND FINANCE POLICY BUDGET PREPARATIONS The business plan will set the key parameters for all financial budgeting. Variations to the business plan must be approved by the CEO and senior management strategic committee. Prior period results are to be analysed to identify the profit level of cost centres, identify correlations between financial statistics and

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Loanable funds market

Using data from the St. Louis Federal Reserve (FRED) (http://research.stlouisfed.org/fred2/), analyze savings and investment. a. Find the most recent value and the value from the same quarter four years earlier from FRED for Gross Government Saving (GGSAVE). b. Total gross saving in the economy is composed of gross private saving and gross government saving. What

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Gross Government Saving

Using data from the St. Louis Federal Reserve (FRED) (http://research.stlouisfed.org/fred2/), analyze savings and investment. a. Find the most recent values and the values from the same quarter three years earlier from FRED for Gross Private Saving (GPSAVE) and Gross Government Saving (GGSAVE). b. Using the values found above, compute the total gross saving in the

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The labor supply

Suppose that the production function for the economy is: Y = AK1>2L1>2. Assume that real GDP is $12,000 billion, the capital stock is $40,000 billion, and the labor supply is 150 million (or 0.150 billion) workers. a. Calculate the value of the marginal product of capital. Given this value, if the capital stock increases by $1 billion, by

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Productivity of labor

Draw a graph of the aggregate production function with capital, K, on the horizontal axis. a. Why does the graph have the shape that you have drawn? b. Indicate on the graph the effect of an increase in the capital stock. c. Indicate on the graph the effect of an increase in the productivity of labor.

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Labor and capital

Briefly explain whether the following Cobb-Douglas production function exhibits constant returns to scale: Y = AK1/2L3/4. What determines the shares of labor and capital in total income? How are these shares related to the production function?

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Productivity

Assume that the labor force is 140 million workers, the capital stock is $50,000 billion, and real GDP is $6,500 billion to answer the following questions: a. If the production function is Y = AK1>2L1>2, what is total factor productivity? b. If the production function is Y = AK1>4L3>4, what is total factor productivity?

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