more macroeconnomics

The environmental impact of the continued reliance on finite supplies of foreign oil and on coal- fired electric power plants is debated daily by economists and society at large. Although few doubt that we are experiencing global warming (either as a natural cycle or due to greenhouse gases), zero pollution is not desirable either because of the foregone productivity of pollution-generating production technologies.

However, there are also renewable sources of energy and cleaner production technologies. They include:

Wind power (both large scale wind turbines and household sized roof mounted wind turbines to co-generate electricity)

Solar water heating (roof mounted solar collectors)

Solar photovoltaic electric generation (solar cells mounted on roofs to co-generate electricity)

Ocean wave generation of electricity

In transportation, the development of all electric and hybrid electric cars

Please pick one of these topics. Conduct Internet research on that topic and discuss the economic impact on the overall economy that national adoption of that choice would have.

Pay particular attention to research presented by mainstream business news organizations such as MSNBC, CNBC, PBS Nightly Business Report (See Webliography), as well as any economic think tanks such as the American Enterprise Institute, Brookings Institution, Cato Institute, or the Center for Economic and Policy Research.

Remember to include in your references links to the websites that you feel are important contributors to your position.

Part 1:

Choose one of the following events and discuss the economic impact on the market for surfboards in Southern California

You can use the following documents to help you complete the Discussion Board Assignment (Note: You do not need to include the graphs in your Discussion post):

“How to analyze a supply and demand problem”

Discussion Graphs located on power point attachment

Southern California experiences unusually high temperatures, sending an unusually large number of people to its beaches.

The weather and ocean wave patterns in Southern California have become very suitable for surfing.

Large sharks are reported feeding near the beaches of Southern California.

There is a significant increase in the price of epoxy paint used to coat surfboards.

Part 2:

Thinking of the recreational activity that you most enjoy, can you describe some similar economic event that has resulted in a supply and demand impact?

To help you in analyzing the Discussion question:
Choose the correct slide from the following.
Reposition the appropriate arrows and labels from the bottom to the correct positions on the slide
Delete the unnecessary arrows and labels.
Copy and paste the slide into a word document and attach it to your post.
In your post, explain which of the reasons caused the shift

0
Low
Price
High
Price
S1
S1
D1
D1
D2
D2
California HIGH temperatures
$
Few
Many
Q
P1
P2
Q1
Q2
E1
E2
Why would demand curve shift?
Change in # of consumers
Change in INCOME
Change in TASTE for this item
Change in EXPECTATIONS
Change in price of the SUBSTITUTE product
Use arrows & labels to indicate your analysis.

*

Sharks Reported FEEDING
S1
S1
D2
D2
D1
D1
$
Few
Many
Q
P1
P2
Q1
Q2
E1
E2
Why would demand curve shift?
Change in # of consumers
Change in INCOME
Change in TASTE for this item
Change in EXPECTATIONS
Change in price of the SUBSTITUTE product
Use arrows & labels to indicate your analysis.
0
Low
Price
High
Price

*

0
Low
Price
High
Price
S1
S1
D1
D1
High $ = more surfboard makers
S2
S2
$
Few
Many
Q
P1
P2
Q1
Q2
E1
E2
Use arrows & labels to indicate your analysis.
Why would supply curve shift?
Change in # of suppliers
Change in INPUT prices
Change in TECHNOLOGY
Change in EXPECTATIONS
Change in price of the RELATED product

*

0
Low
Price
High
Price
S2
S2
D1
D1
High $ of epoxy to make SB’s
S1
S1
$
Few
Many
Q
P1
P2
Q1
Q2
E1
E2
Use arrows & labels to indicate your analysis.
Why would supply curve shift?
Change in # of suppliers
Change in INPUT prices
Change in TECHNOLOGY
Change in EXPECTATIONS
Change in price of the RELATED product

*