Write an assignment about Fit Cost Economics

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Pros of a human investment program

Cons of a human investment program

 

SKU: Repo938182

1.1CHAPTER 9 DISCUSSES THE JUSTIFICATION OF HUMAN INVESTMENT PROGRAMS. THE TWO PROGRAMS EVALUATED IN THE CHAPTER WERE A WORK-WELFARE INITIATIVE AND A PRESCHOOL ENRICHMENT PROGRAM. ONE STUDY WAS SHORT TERM BUT INCLUDED A LARGE AND DIVERSE SAMPLE, WHILE THE OTHER STUDY WAS LONG TERM BUT HAD A SMALL SAMPLE. DISCUSS THE PROS AND CONS OF THESE TYPES OF STUDIES AND HOW THESE FACTORS (TIME LENGTH AND SAMPLE COMPOSITION) MIGHT BE IMPROVED FOR BETTER RESULTS.

 

1.2CHAPTER 9 DISCUSSES THE FACT THAT HUMAN INVESTMENT PROGRAMS ARE OFTEN HARD TO JUDGE IN TERMS OF RESULTS, BECAUSE THE PAYOFF IS SEEN SO LONG AFTER THE INVESTMENT IS MADE. THINK OF A HUMAN INVESTMENT PROGRAM YOU ARE FAMILIAR WITH (BUT DO NOT USE ONE FROM THE BOOK). DESCRIBE THE PROGRAM AND DISCUSS ITS EFFECTIVENESS AND WHETHER OR NOT THE OUTCOMES CAN BE ACCURATELY ASSESSED. CAN YOU MAKE ANY SUGGESTIONS ABOUT HOW TO IMPROVE THE PROCESS TO INCREASE THE EFFECTIVENESS AND INCREASE THE LINKS BETWEEN INPUTS AND OUTPUTS IN THIS HUMAN INVESTMENT PROGRAM?

 

 

2.1 CHAPTER 12 DISCUSSES SOCIAL REGULATIONS BY GOVERNMENTS TO CONTROL SOME TYPE OF BEHAVIOR. THE TWO MAIN WAYS TO DO THIS ARE BY CONTROLLING INPUTS OR CONTROLLING OUTPUTS. USE YOUR OWN EXAMPLE (NOT ONE FROM THE CHAPTER) AND DISCUSS WHERE YOU BELIEVE GOVERNMENT REGULATION HAS WORKED TO CONTROL BEHAVIOR ON THE PART OF INDIVIDUALS OR COMPANIES. WERE INPUTS OR OUTPUTS OR BOTH USED TO MEASURE THE SUCCESS OF THE REGULATION? CAN YOU MAKE ANY SUGGESTIONS FOR IMPROVEMENT?

 

2.2 CHAPTER 12 DISCUSSES SEVERAL EFFECTS OF SOCIAL REGULATION. DEFINE AND DISCUSS THESE EFFECTS: 1. SPILLOVER EFFECTS, 2. UNIFORM OR PARTICULAR STANDARDS, AND 3. MARKET MECHANISMS TO CONTROL BEHAVIOR RATHER THAN GOVERNMENTAL LAWS. ARE THESE EFFICIENT WAYS TO ADDRESS THE EFFECTS OF SOCIAL REGULATION? WHY OR WHY NOT?

 

 

3.1 CHAPTER 13 TALKS ABOUT GETTING STARTED ON COST-BENEFIT ANALYSIS IN A VERY PRACTICAL WAY. WHAT DO YOU BELIEVE ARE THE BEST 2 PIECES OF ADVICE FROM THIS CHAPTER WITH REGARDS TO ACTUALLY PERFORMING A COST-BENEFIT ANALYSIS? GIVE REASONS FOR YOUR ANSWERS. GENERAL QUESTIONS

G1. AFTER TAKING THIS COURSE, WHAT BENEFITS DO YOU SEE, BOTH QUALITATIVE AND QUANTITATIVE, FROM PERFORMING COST-BENEFIT ANALYSIS? PLEASE INCLUDE SEPARATE BENEFITS FOR INDIVIDUALS, GOVERNMENT AGENCIES, FOR-PROFIT BUSINESSES AND NON-PROFIT ORGANIZATIONS.

 

G2. DURING THE COURSE, WE LEARNED ABOUT MANY CHALLENGES TO COST-BENEFIT ANALYSIS. NAME AND DISCUSS 2 DIFFERENT OBSTACLES OR CHALLENGES YOU SEE TO COST-BENEFIT ANALYSIS PROCESSES, AND DESCRIBE HOW THESE OBSTACLES OR CHALLENGES MIGHT BE OVERCOME.

 

G3. IN YOUR OPINION, WHAT IS THE BIGGEST 2 TAKEAWAYS FROM THE ADLER AND POSNER BOOK? THE BOOK COVERED MANY TOPICS, AND HOPEFULLY SOME OF THEM RELATE TO YOUR OWN JOB SITUATION. HOW MIGHT THESE LESSONS LEARNED HELP YOU MOVING FORWARD IN YOUR CAREER OR MANAGERS IN GENERAL?

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