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Creating A Financial Plan

Touchstone: Creating a Personal Financial Plan
SCENARIO: Imagine that you are in a position where you need to move – this could be because of a change in job, a need to modify your living arrangements, or something else. In addition to searching for different housing, you want to begin saving for a specific financial goal.You will use the Assignment Template (an Excel file) to create a budget that satisfies the scenario. You’ll also answer reflection questions related to your goals.ASSIGNMENT: This assignment has two parts. In part 1, you will create a financial plan based on the scenario described above. You’ll use your productivity skills to organize your plan, and you’ll use your problem solving skills to determine a reasonable rate of savings to reach your goals. Finally, you’ll apply your technology skills to ensure that your budget is balanced, and expenditures (like housing) don’t exceed your employment income.In part 2, you will answer reflection questions about the decisions you made and the skills you leveraged while building your plan.For this assignment, you will:
Create a budget for a financial plan using Microsoft Excel, ensuring that the information is organized, accurate, and complete.
Identify a personal savings goal and a time frame for reaching it.
Explain how your choice of housing will help you achieve your personal savings goal.
Align your expenditures to support your goal.
Reflect on how creating a step-by-step and organized approach to the assignment helps you adjust the financial priorities in your plan.
Download the Excel template below, which further breaks down the steps involved in this assignment. You will return the completed template as your Touchstone submission.Assignment Template
A. Assignment Guidelines
DIRECTIONS: Refer to the lists below throughout the writing process. Do not submit your Touchstone until it meets these guidelines.
1. Creating a Financial Plan
❒ Have you populated the table cells for income, savings, housing, and other expenditures?
❒ Have you selected a rate of savings that is realistic in terms of achieving your financial goal?
❒ Have you verified that the sum of your expenditures (including savings) equals your employment income?
❒ Have you verified that the percent column for the expenditures totals 100%?
2. Reflection Questions
❒ Have you directly answered each question that was asked?
❒ Have you provided sufficient evidence to support each of your answers?
❒ Have you made clear and logical connections between your conclusions and the data used in the annual budget?
❒ Have you referred to the skills in this course, if required by the prompt?
❒ Have you included sufficient detail in your answers?

Economics Question

the essay should be a minimum of three paragraphs: The introduction, the body, and the conclusion. Word totals for each post should be in the 400-500 words range. Whether you agree or disagree explain why with supporting evidence and concepts from the readings or a related experience. Include a reference, link, or citation when appropriate. Please see the syllabus for the rubric and “Suggestions for your essay writing Actions.”
Topic: The evidence cited in the chapter 3 using the examples of the East Asia New Industrializing Countries suggests that as international productivities converge, so do international wage levels. Why do you suppose this happened for the East Asian NICs? In light of your answer, what do you think is likely to happen to the relative wages (relative to those in the United States) of China in the coming decade? Explain your reasoning.

econ105 questions

Economics Assignment Help 1. [ 4 points ] When the economy is at the recovery stage, both output gap and growth rate
are positive? True/ False? Please Explain.
2. [ 4 points ] Assume that input prices decrease and the government decides to cut spending.
In this scenario, what would happen to output (Y), the overall price (P), and unemployment
(U)? Please illustrate these changes on a graph.
3. [ 4 points ] Please discuss the impact of monetary policy tightening with regards to both
unemployment and inflation with respect to both the short run and long run?

4. [ 4 points ] Assume that the unemployment rate (U) equals 8 %. Suppose that the natural
rate of unemployment (U*) equals 5 % and the coefficient ? is 0.6. Use Okun’s law to
answer the following:
A. Find the output gap ratio to the potential output?
B. If the potential output equals 160, calculate the actual output?
5. [ 4 points ] On a graph, show the impact of the permanent supply shock on unemployment
and inflation in the long run and in the short run?

Two Commodity Exchange Economy

Consider the following two-person, two-commodity exchange economy, in which individuals’ utility functions are as follows for every allocation
u1(x11,x12)=x11 x12
u2(x21,x22)=2×21 x22
For each individual
i=1,2, individual i s’ endowment is
Characterise the set of Pareto efficient allocations
Show that the allocation that assigns (1,2) to person 1 and (1,0) to person 2 is Pareto efficient.
Show that the allocation described in part 2) is a competitive equilibrium outcome for some price system and some distribution of wealth.

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