Businesses and Economies

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Prapti Kuvadia

My project is a research paper focusing on heuristics and their impact on consumer behavior and economic markets. I will explore various heuristics, examine how they are employed in marketing campaigns, and analyze their influence on consumer decision-making. Additionally, the paper will investigate the broader economic implications of these heuristic-driven behaviors within markets.

Humza Dalal

My paper discusses the impact of industrial policy on American economic dominance, examining how strategic government interventions have shaped key industries and global competitiveness. By analyzing historical and contemporary industrial policies, I aim to illustrate their role in fostering innovation, infrastructure development, and market leadership. The paper will explore how these policies have influenced economic growth, technological advancement, and the U.S. position in the global economy, providing insights into future policy directions to sustain and enhance American economic dominance.

Ratul Chakraborty

My research paper explores the potential of using metrics of satisfaction, such as happiness or trust in government, alongside traditional economic indicators to measure a nation's economic health. While economists have historically focused on quantitative data for econometric analysis, this study investigates how qualitative factors like happiness, health, and family metrics can predict economic well-being. By employing deep learning methods, the project aims to highlight the significance of these qualitative factors in enhancing the accuracy of econometric models and providing a more comprehensive understanding of economic prosperity.

Amanda Wang

My project explores the effects of expanding AI in the labor force on overall unemployment rates and income inequality. I aim to investigate whether AI implementation will create more jobs over time despite displacing some initially, and how it might impact both low-paying and high-paying jobs, potentially widening the wealth gap. Additionally, I will propose economic policies aimed at mitigating the effects of AI implementation on the workforce and income distribution.

Trevor Crane

My project involves conducting a case study on a tech company to analyze its growth trajectory from inception to its current market standing. I will examine factors such as the company's entry strategy, product development milestones, market expansion efforts, technological innovations, and strategic decisions that have influenced its growth. By studying these elements, I aim to gain insights into the company's evolution over time and understand the key factors contributing to its success and market positioning.

Eric Bagg

Inspired by 2015 Nobel Prize Winner in Economics Sir Angus Deaton’s work on the socioeconomic nature of “deaths of despair,” I wanted to concentrate on the economic causes and impacts of rising suicide deaths in the United States. My work will employ both a quantitative and qualitative approach that incorporates empirical data from local and national communities. I have selected the years 2014-2023 to study and the following variables: cost of living, unemployment rate, income inequality, poverty rate, GDP growth rate, inflation rate, educational attainment, and social support systems. In my qualitative work, I plan on interviewing members of communities in New Hampshire and North Carolina who have been recently impacted by suicide deaths. By synthesizing these two data streams, I will provide a comprehensive overview of the economic nature of suicides.

Trevor Crane

My project explores the feasibility and implications of implementing a true free market economy in the United States, drawing from the Austrian school of economics. I will analyze the theoretical benefits and consequences of a free market approach, considering its potential impact on economic efficiency, innovation, consumer choice, and income distribution. Additionally, I will investigate the practical steps and governmental reforms necessary to transition towards a free market system, assessing the challenges and policy adjustments required for successful implementation.