Pick one of the economy cases then fill up according to your understanding:

• Needs

• Wants

• Scarcity

• Factors of Productions

• Opportunity Cost

Wants: Winsor oil paints, cute tulip lamp, Steinway Grand Piano, steak, diving equipment set, donuts, new duvet

Scarcity: Without bookshelves and needs, my current and newly bought books will not be stored properly, but without wants, quality of what I want to do will not be the standard that I would prefer.

Factor of Production:

Opportunity Cost:

Wants: a new phone

scarcity: without a new laptop, my current one will be too slow to study and do things effectively

factors of production: money

opportunity cost: a phone

Wants: new water bottle, vacation with my fam

Scarcity: ticket to go to another country

Factors of Production: capital (airplane)

Opportunity cost: If i go vacation with my fam i cant buy a new laptop, so i prefer to buy a new laptop bcs thats what i need the most right now

wants : run away to hawaii😻😻🏝️🌊🐠🏄‍♀️

scarcity : a lot of money needed, plane tickets, permisson from parents, packing, money money money, visa

factors of productions :

capital : plane, plane tickets,

land : airport and hawaii😍🏝️🌊🐙

opportunity cost : if i stay in school i would never get a chance to go to hawaii, but if i go to hawaii, im sacrificing my education

Now after you have known about the needs, scarcity and opportunity cost. Now, let's illustrate into the curve called as Production Possibilities Curve (PPC).

Discussions:

(a) Use a diagram(s) to explain how a production possibility curve can be used to show opportunity cost and why such a curve is usually drawn with increasing opportunity costs. 

(b) Explain how a production possibility curve can be used to demonstrate scarcity, choice and opportunity cost. 

Please do this assignment no.1-17 within in 40 mins

If you have finished with Exercise #2, please answer from no. 1-17 (40 minutes)

Please do this paper from no.1-16. Good luck for Mock-up Exam next week.

Please do no.1-13 (in 40 mins)

1. A

2. C

3. A

4. A

5. B

6. B

7. D

8. C

9. B

10. A

11. C

12. A

13. A

EXERCISE 3

1. C

2. B

3. A

4. C

5. A

6. C

7. B

8. B

9. B

10. C

11. D

12. B

    
    

The Macroeconomics:

9.1 The circular flow of income (pg.244-247)

9.2 Economic growth and sustainability (pg.190-224)

9.3 Employment/unemployment (pg.240-244)

9.4 Money and banking (pg.253-261)

Chapter 10

Government Macroeconomic Intervention

10.1 Government macroeconomic policy objectives (pg.265-266)

10.2 Links between macroeconomic problems and their interrelatedness (pg.266-269)

10.3 Effectiveness of policy options to meet all macroeconomic objectives (pg.269-271)

Chapter 11

International Economic Issues

11.1 Policies to correct disequilibrium in the balance of payments

11.2 Exchange rates

11.3 Economic development (pg.223-232)

11.4 Characteristics of countries at different levels of development (pg.232-240)

11.5 Relationship between countries at different levels of development

11.6 Globalisation

Part 1: Observation & Analysis

A. Pre-Visit Reflection

• Before you go, please find out about the Nationalization and Privatization. Please
  read your e-book page 75-76. Then, find at least three differences of Nationalization
  and Privatization!

• What are the best bank or financial products that might be proper when inflation or
  deflation hits? Please read your e-book page 86-89.

1. How was the origin of Bank Mandiri?

• How was the nationalization happened to Bank Mandiri?

  • How many banks that merged into Bank Mandiri during the Financial Crisis at 1998?

B. During the Visit - Observational Notes

As you explore the Museum Bank Mandiri, please focus on how the Bank Mandiri
transformed from state-owned government into private company. You may use the
following questions to guide your observations:

2. What are the role of banks when the inflation or deflation happens?

• What are the causes of inflation or deflation?

  • What are the bank usually do to control the inflation rate?

  • What are the bank products that can be recommended when inflation or deflation
    happens?

    
    

3. Challenges on Indonesia's Macro Economic

• Based on OJK (2022); Indonesia's financial literacy reach until 49.68 percent. How do can
  improve the Indonesian financial literacy especially Gen Z?

• What are the impacts when most of the Indonesian people don't know how the macroeconomic
  works?

  
  

4. Reflection

• What are the new insights that you have learned from Museum Bank Mandiri about the
  roles and importance of bank in Macroeconomics?

• How did this experience help you understand the contributions of banks to control the
  inflation rate?

• How do we raise the awareness of the Indonesian society to be more mindful about
  financial literacy and Microeconomics? Write the comment of your fieldtrip! :)

The extent of inequality is shown by area A. As inequality rises, this area increases, moving towards the bottom right of the diagram. When area A shrinks, the distribution of income among the population becomes more equal.

The Gini coefficient is a numerical measure of the extent of inequality. It is calculated as (area A) ÷ (area A + area B). If the income distribution is equal, this coefficient will have a value of 0. At the other extreme, if all income accrues to just one person, then the Gini coefficient is 1. Both extremes do not occur in reality – the norm is for coefficients to be somewhere between these two values.

A Gini coefficient of 0.3 therefore indicates a more equal distribution of income than say a coefficient of 0.5. Th e smaller coeffi cient would be indicated by a slimmer segment on the Lorenz curve.

Futher readings:

https://ourworldindata.org/what-is-the-gini-coefficient

Answer two questions in total:

Section A: answer Question 1.

Section B: answer one question.

● Please make a copy and post your answer in padlet

● You may use a calculator and open book; you may not discuss with the other students

● You may answer with reference to any economy you have studied where relevant to the question.

INFORMATION

● The total mark for this paper is 40.

● The number of marks for each question or part question is shown in brackets [ ]

Due date: 30 November 2024

Instruction:

Please make the research paper about the products/services that government have or need to interfere. In the end of the research, you need to give the recommendation for the government based on the result of your paper

Format Short Essay:

• Align justify; Times New Roman; font size 12,

• Paper size: A4 (21 cm x 29,7 cm)

• Margin: Left: 4 cm, Top: 3 cm, Right: 3 cm, dan Bottom: 3 cm

• line spacing: 1,5 lines, before: 0 pt, dan after: 0 pt

• Max. words (excluding cover, abstract, attachment, resources) : 350-500 words

• Min. 3 references (MLA citation format)

Here are some details:

Abstract

● Abstract is about the summary of your research: backgrounds, methods and the results of your research. max 100-200 words (1 paragraph; single space)

● Minimal: 3 keywords

Chapter 1: INTRODUCTION

1.1. Background (2-3 paragraphs)

• What are the recent issues about your product/services?

• Why is this product/service important for us to discuss?

1.2 Research Questions

• How is the ideal situation?

• How is the real situation right now?

• What are the main problems or gap analysis?

• What are the proper government interventions for this product/service? Turn it into a research question or statement.

1.3. Research Purposes

• Why do you bring up this research? For whom?

1.4. Research Methodology

• How do you prove your research questions?

• What is your research model?

Chapter 2: CONTENT (3-4 paragraphs)

2.1. Model Economy Simulation

In this chapter, you use the diagram to explain your economic model if the government has interfered with the price based on your Methodology.

2. 2. Analysis

Analyze the diagram and how is the impact of that intervention to the market

Chapter 3: CLOSING (2 paragraphs)

3.1. Conclusion

• Please restate and answer your research questions here.

3.2. Recommendation

• What are the recommendations for the next research or the government?

Due date: 2 December 2024

Instruction:

Please make the research paper about one of these options (choose one):

1. Government intervention on labor market in Indonesia to reduce unemployment

2. Government macroeconomics policies and interrelatedness facing global uncertainties and inflation

3. How to improve economic development facing towards the Golden Ages of Indonesia in 2045

   
   

In the end of the research, you need to give the recommendation for the government about what is the best to improve our macroeconomics

Format Short Essay:

• Align justify; Times New Roman; font size 12,

• Paper size: A4 (21 cm x 29,7 cm)

• Margin: Left: 4 cm, Top: 3 cm, Right: 3 cm, dan Bottom: 3 cm

• line spacing: 1,5 lines, before: 0 pt, dan after: 0 pt

• Max. words (excluding cover, abstract, attachment, resources) : 350-500 words

• Min. 3 references (MLA citation format)

Here are some details:

Abstract

● Abstract is about the summary of your research: backgrounds, methods and the results of your research. max 80-100 words (1 paragraph; single space)

● Minimal: 3 keywords

Chapter 1: INTRODUCTION

1.1. Background (2-3 paragraphs)

• What are the recent issues about your topic?

• Why is this topic important for us to discuss?

1.2 Research Questions

• How is the ideal situation?

• How is the real situation right now?

• What are the main problems or gap analysis?

• What are the proper government interventions for this topic? Turn it into a research question or statement.

1.3. Research Purposes

• Why do you bring up this research? For whom?

1.4. Research Methodology

• How do you prove your research questions?

  
  

Chapter 2: CONTENT (3-4 paragraphs)

2.1. Model Economy Simulation

In this chapter, you use the diagram to explain your economic model if the government has interfered the macroeconomics based on your Methodology.

2. 2. Analysis

Analyze the diagram and how is the impact of that intervention to the market

Chapter 3: CLOSING (2 paragraphs)

3.1. Conclusion

• Please restate and answer your research questions here.

3.2. Recommendation

• What are the recommendations for the next research or the government?

https://media.kemenkeu.go.id/getmedia/c4cc1854-96f4-42f4-95b8-94cf49a46f10/Informasi-APBN-Tahun-Anggaran-2025.pdf?ext=.pdf

Discussion:

a. Based on the document, what is the priority for APBN 2025? 
b. What is the biggest income from that APBN? Please analyze how does the government increase the National Income in that sector? 

c. Please analyze the APBN 2025 about which the largest sector for the expenditure. Why is that?

d. Do you think that we have plan and spend our Government Budget wisely? What is the effect of the government budget or APBN in economy? 

https://docs.google.com/document/d/1PUiXv54ALxGS8dRzCbo2xnh0097_eUeHUQOFdAATEfw/edit?usp=sharing