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What is a monopoly? Can a firm be a monopoly if close substitutes for its product exist? Why are there two definitions of a monopoly, a narrow and a broader one?

Some claim that Microsoft is a monopolist because of the Windows operative system: there are no close substitutes for this product and, therefore, Microsoft enjoys positive profits despite making mistakes at times. For example, Windows Vista has been negatively assessed by most users. Do you agree? Briefly explain your answer.

The supply of abundant and cheap labor in China is declining, and China’s working population is expected to reduce. What do you think would explain these changes in the Chinese labor supply? Briefly explain.

Do you think it possible for a labor supply curve to be backward bending rather than simply upward sloping? Briefly explain the circumstances under which such a curve is likely to occur.

HEALTH WARNING: THIS SHOULD ONLY BE USED AS A GUIDE. EVERY PROJECT WILL BE DIFFERENT. YOU SHOULD NOT CUT AND PASTE ANY OF THE WORDING INTO YOUR OWN ASSIGNMENT. YOUR ASSIGNMENT SHOULD REFLECT THE PARTICLARITIES OF YOUR OWN SUBJECT AREA. EVEN YOUR SEARCHES/STRATEGIES/KEY WORKS WILL BE DIFFERENT. THIS IS SIMPLY A MODEL THAT MIGHT HELP.

The Japanese population is projected to decrease by 25 percentby 2050, and the proportion of the elderly population is expected to increase from 20 percent to about 40 percent. Illustrate the effects of those changes on the labor market using a graph. Q354: Over time, the gap between the wages of workers with college degrees

What is a compensating differential? Give an example. Define economic discrimination. Is the fact that one group in the population has higher earnings than other groups evidence of economic discrimination? Briefly explain.

In what sense do employers who discriminate pay an economic penalty? Is this penalty enough to eliminate discrimination? Briefly explain. Is the fraction of U.S. workers in labor unions larger or smaller than in other countries?

Key points to note: Get a research diary/journal which you will use to write your weekly reflections on your research process as well as any take home tasks we give you during the seminars. This can be a regular note book but it must be used solely for your research unit. This week we are

According to the Football Observatory Eden Hazard (Chelsea) is more valuable than Ballon d’Or winner, Cristiano Ronaldo (Real Madrid). Do you think that a player’s value depends on the teams that are interested in signing him? Briefly explain.