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| 1st assignment Strategic forecasts and staffing formulation case-study (Case #4, see Index 7th ed or pp 298-304 of the textbook 6th ed). Prepare 1,500 word paper in proper APA format and provide at least 7 peer-reviewed references. Explain, discuss, and analyze the staffing activities in the case. Include concepts that will contribute to best practices in staffing while adhering to laws, ethics, cultures to ensure an effective human resources strategy. Optional: Submit your paper to the SafeAssign Draft link in the box below to check your “originality” score. Make corrections as desired. When you are prepared to submit your assignment for grading, submit to the “View/Complete” link below that is located in this box. Additionally, international HRM/GHRM courses are every evolving and changing due to the global landscape, use materials from 2009 – present as peer review, books, journals. You may use Google Scholar but NO Yahoo.com; Google.com; HTML, or websites with advertising. 2nd assignment Submit 12 – 15 slides of PowerPoint presentation on one of the week’s chapter’s topic(s). |
FAU Strategic Forecasts and Staffing Formulation Project
In each case classify the individual as either employed, unemployed, or not in the labor force. 1.Micheal Scott worked at a paper company for the first 3 days of the survey reference week (Monday-Wednesday). But then he got fired and spent Thursday and F
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| The following scenarios have been taken from actual answers to the Current Population Survey conducted by the Bureau of Labor Statistics. In each case classify the individual as either employed, unemployed, or not in the labor force. 1.Micheal Scott worked at a paper company for the first 3 days of the survey reference week (Monday-Wednesday). But then he got fired and spent Thursday and Friday of that week answering newspapers and internet want-ads. He still has not obtained a new job. |
Assume that Home and Foreign produce two goods, TVs and
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| a. What is the marginal product of labor for TVs and cars in the Home country? What is the no-trade relative price of TVs at Home? b. What is the marginal product of labor for TVs and cars in the Foreign country? What is the no-trade relative price of TVs in Foreign? c. Suppose the world relative price of TVs in the trade equilibrium is PTV/PC = 1. Which good will each country export? Briefly explain why. d. In the trade equilibrium, what is the real wage at Home in terms of cars and in terms of TVs? How do these values compare with the real wage in terms of either good in the no-trade equilibrium? e. In the trade equilibrium, what is the real wage in Foreign in terms of TVs and in terms of cars? How do these values compare with the real wage in terms of either good in the no-trade equilibrium? f. In the trade equilibrium, do Foreign workers earn more or less than those at Home, measured in terms of their ability to purchase goods? Explain why. |
Congratulations! You’ve just been appointed chairman of the Council of
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| Congratulations! You’ve just been appointed chairman of the Council of Economic Advisers in Text land. The mpe is .8. There is a recessionary gap of $400. a. The government wants to eliminate the gap by changing expenditures. What policy would you suggest? b. Your research assistant comes running in and tells you that instead of changing expenditures, the government wants to achieve the same result by decreasing taxes. What policy would you recommend now? (Requires reading and using the math in Appendix A of the chapter “The Multiplier Model.”) c. Your research assistant has a worried look on her face. “What’s the problem?” you ask. “I goofed,” she confesses. “I thought taxes were exogenous when actually there’s a marginal tax rate of .2.” Before she can utter another word, you say, “No problem, I’ll simply recalculate my answers to parts a and b and change them before I send them in.” What are your corrected answers? (Requires reading Appendix A of the chapter “The Multiplier Model.”) d. She still has a pained expression, “What’s wrong?” you ask. “You didn’t let me finish,” she says. “Not only was there a marginal tax rate of .2; there’s also a marginal propensity to import of .2.” Again you interrupt to make sure she doesn’t feel guilty. Again you say, “No problem,” and recalculate your answers to parts a and b to account for the new information. What are your new answers? (Requires reading Appendix A of the chapter “The Multiplier Model.”) e. That pained look is still there, but this time you don’t interrupt. You let her finish. She says, “And they want to see the answers graphically.” You do the right thing. |
Consider two countries, Japan and Korea. In 1996, Japan experienced
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| Consider two countries, Japan and Korea. In 1996, Japan experienced relatively slow output growth (1%), whereas Korea had relatively robust output growth (6%). Suppose the Bank of Japan allowed the money supply to grow by 2% each year, whereas the Bank of Korea chose to maintain relatively high money growth of 12% per year. For the following questions, use the simple monetary model (where L is constant). You will find it easiest to treat Korea as the home country and Japan as the foreign country. a. What is the inflation rate in Korea? In Japan? b. What is the expected rate of depreciation in the Korean won relative to the Japanese yen (¥)? c. Suppose the Bank of Korea increases the money growth rate from 12% to 15%. If nothing in Japan changes, what is the new inflation rate in Korea? d. Using time series diagrams, illustrate how this increase in the money growth rate affects the money supply MK, Korea’s interest rate, prices PK, real money supply, and Ewon/¥ over time. (Plot each variable on the vertical axis and time on the horizontal axis.) e. Suppose the Bank of Korea wants to maintain an peg with the Japanese yen. What money growth rate would the Bank of Korea have to choose to keep the value of the won fixed relative to the yen? f. Suppose the Bank of Korea sought to implement policy that would cause the Korean won to appreciate relative to the Japanese yen. What ranges of the money growth rate (assuming positive values) would allow the Bank of Korea to achieve this objective? |
Consider a world of two countries, Highland (H) and Lowland
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| Consider a world of two countries, Highland (H) and Lowland (L). Each country has an average output of 9 and desires to smooth consumption. All income takes the form of capital income and is fully consumed each period. a. Initially, there are two states of the world: Pestilence (P) and Flood (F). Each happens with 50% probability. Pestilence affects Highland and lowers the output there to 8, leaving Lowland unaffected with an output of 10. Flood affects Lowland and lowers the output there to 8, leaving Highland unaffected with an output of 10. Devise a table with two rows corresponding to each state (rows marked P and F). In three columns, show income to three portfolios: the of 100% H capital, the of 100% L capital, and the of 50% H + 50% L capital. b. Two more states of world appear: Armageddon (A) and Utopia (U). Each happens with 50% probability but is uncorrelated with the P-F state. Armageddon affects both countries equally and lowers income in each country by a further 4 units, whatever the P-F state. Utopia leaves each country unaffected. Devise a table with four rows corresponding to each state (rows marked PA, PU, FA, FU). In three columns, show income to three portfolios: the of 100% H capital, the of 100% L capital, and the of 50% H + 50% L capital. Compare your answers to (a) and (b) and consider the optimal choices. Does diversification eliminate consumption risk in each case? Explain. |
(Appendix 9.B) In some macroeconomic models, desired investment depends on
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| (Appendix 9.B) In some macroeconomic models, desired investment depends on the current level of output as well as on the real interest rate. One possible reason that desired investment may depend on output is that when current production and sales are high, firms may expect continued strong demand for their products in the future, which leads them to want to expand capacity. Algebraically, we can allow for a link between desired investment and current output by replacing Eq. (9.B.10) with Id = i0 – irr + iYY, where iY is a positive number. Use this alternative equation for desired investment to derive the algebraic expressions for the general equilibrium values of employment, the real wage, output, the real interest rate, and the price level. |
Imagine that Gillette has a monopoly in the market for
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| Imagine that Gillette has a monopoly in the market for razor blades in Mexico. The market demand curve for blades in Mexico is P = 968 – 20Q, where P is the price of blades in cents and Q is annual demand for blades expressed in millions. Gillette has two plants in which it can produce blades for the Mexican market: one in Los Angeles and one in Mexico City. In its L.A. plant, Gillette can produce any quantity of blades it wants at a marginal cost of 8 cents per blade. Letting Q1 and MC1 denote the output and marginal cost at the L.A. plant, we have MC1(Q1) = 8. The Mexican plant has a marginal cost function given by MC2(Q2) = 1 + 0.5Q2. a) Find Gillette’s profit-maximizing price and quantity of output for the Mexican market overall. How will Gillette allocate production between its Mexican plant and its U.S. plant? b) Suppose Gillette’s L.A. plant had a marginal cost of 10 cents rather than 8 cents per blade. How would your answer to part (a) change? |
What effect, if any, does each of the following shocks
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| What effect, if any, does each of the following shocks (only consider the initial effect) have on Japan’s real risk-free interest rate? Briefly explain and use supply and demand curves to support your conclusions. Make sure that you label all axes and curves. a. A decrease in the Japanese money supply with no change in prices b. A decrease in global lending to Japan c. An increase in real private saving in Japan d. An increase in the Japanese government’s budget deficit e. Speculative short-term international capital inflows to Japan f. An increase in Japan’s real GDP g. A rise in Japan’s expected inflation rate |
Look again at textbook Figure 2.2. Trace it onto a
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| Look again at textbook Figure 2.2. Trace it onto a piece of scrap paper. Now draw two demand curves on your figure. Draw one that is horizontal at P = $32/MWH and one that is vertical at quantity = 15,000 MWH. (a) What happens to the equilibrium price when the supply curve shifts from S0 to S1 in each case? (b) A horizontal demand curve means that consumers will buy any amount produced at a price of $32/MWH or less, but they will buy none if the price goes higher. A vertical demand curve means that consumers do not respond at all to price-they will buy the same quantity regardless of how much it costs. Which do you think is closer to how consumers buy electricity? That is, do consumers pay a lot of attention to price (the horizontal curve), or do they ignore price (the vertical curve)? (c) Compare your answer in (b) to the true demand curve in Figure 2.3. When the price shifted, did the quantity demanded change a lot or a little? |
