Economic Assignment Student Name Institution Affiliation Economic Assignment Assignment 4. Part A. Prevailing Conditions Upon Holding Tuition Below the Equilibrium Price. Glasserman and Behzad (2016) define an equilibrium price as a price at equilibrium a state which involves that quantity of products demanded to equal the quantity of goods supplied. However with differing market forces the equilibrium price is subject to increase or decrease. The decrease in price is equaled by setting the price below the equilibrium price. Setting the price of the product below the equilibrium results to a shortage of the product that is supply gets exceeded by demand. In this case setting tuition price below the equilibrium price will result in more demand for education than it can be supplied. Politician usually gives promises of setting the prices below the normal points during campaigning but they are not aware of the supply state in the universities. Economics and Computation (TEAC) 3(1) 4. Etzioni A. (2014). Common good. John Wiley & Sons Ltd. Glasserman P. & Nouri B. (2016). Market‐Triggered Changes in Capital Structure: Equilibrium Price Dynamics. Econometrica 84(6) 2113-2153. Khazeni N. Hutton D. W. Collins C. I. Garber A. M. & Owens D. K. (2014). Health and economic benefits of early vaccination and nonpharmaceutical interventions for a human influenza A (H7N9) pandemic: a modeling study 160(10) 684-694. Kissling E. & Valenciano M. (2016). Early influenza vaccine effectiveness results 2015-16: I- MOVE multicentre case-control study. Eurosurveillance 21(6) 30134. Kilian L. (2016). The impact of the shale oil revolution on US oil and gasoline prices. Review of Environmental Economics and Policy 10(2) 185-205. Steebhuysen J. (2013). Insight: U.S. Government Investment Gives Flu Vaccines a Shot in the Arm. Trinks P. J. & Scholtens B. (2018). Correction to: The Opportunity Cost of Negative Screening in Socially Responsible Investing. Journal of Business Ethics 1-2. [...]
Two assignments for Micro economics class. Need someone with economics background.