Managerial Economics for Prof Hopkins-5 pages

Week 2 Course Project

Theresa Rice

Everest University

April 26, 2016

ECP 5705 - Managerial Economics -1

Instructor: Blondel Dorsey

The Great Recession 2008

Introduction

Thesis statement

I. History and background of what leads to the recession

II. Market failure.

a. How the Market affect the failure of the recession of 2008

b. Prevention Strategy

c. Main components involved

III. Attainment of competitive advantage using government intervention

a. Interventions

b. The outcome

c. What if government doesn’t get involve.

IV. Knowledge economics

a. Ways that this knowledge could have helped prevent the depression

b. Assistance in the future

V. Profit maximization

a. How can it help businesses in the future?

VI. Supply and Demand

a. Assist from going into another recession

Conclusion

References

Farmer, R. E. (2012). The stock market crash of 2008 caused the Great Recession: Theory and evidence. Journal of Economic Dynamics and Control, 36(5), 693-707. doi:10.1016/j.jedc.2012.02.003

Hetzel, R. L. (2012). The great recession: Market failure or policy failure? Cambridge: Cambridge University Press.

Kaldor, N. (1976). Inflation and Recession in the World Economy. The Economic Journal, 86(344), 703. doi:10.2307/2231447

Svensson, L. E. (n.d.). Inflation Targeting in an Open Economy: Strict or Flexible Inflation Targeting? SSRN Electronic Journal SSRN Journal. doi:10.2139/ssrn.321784

Profit Maximization in Perfect Competition. (n.d.). Wolfram Demonstrations Project. doi:10.3840/001875