Please discuss the following situations (with dectailed explanations): 1. If you work for a VPbank and the manager plans to raise your salary in the next month. In this case, your leisure time would have a lower opportunity cost?

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Please discuss the following situations (with dectailed explanations):

1. If you work for a VPbank and the manager plans to raise your salary in the next month. In this case, your leisure time would have a lower opportunity cost?

2. You are living in Haiphong and you have to pay 5M for a rent and living. You decide to go to Hanoi to study at Banking Academy of Vietnam. You have to pay 5.5M for a rent and living to survive in Hanoi. You also have to pay tuition fee: 10M. What are the opportunity cost for studying in Banking Academy of Vietnam?

3. If you are an investors in Vietnam's stock market and seek the shares of corporate stock to carn profits in the future, The prices of shares of corporate stock are determined by the interaction of demand and supply. Let discuss the case of Apple stock. They have a plan to introduce a new product "Iphone 12" in the next month. Can you predict the changes in prices of Apple stock and briefly explain your prediction?

4. In last months, we had observed the negative oil price (the reduction in the world price of oil). There are many reasons to explain for this fall in world oil price. Let describe what happens in this market? Using your knowledge, information and demand and supply model to explain why the oil price deceased significantly during this period?

5. The minimum wage poliey is the common policy, which many countries over the world, including Vietnam use to intervene the labor force market. Let discuss: What is the minimum wage policy? What are the purposes of this policy? How the government set up the wage premium to make this policy effective? Let discuss consequences of this policy? How about the effects of this policy in the case of Vietnam?

 

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