When writing an essay, what are the core tenants that you must consider?
Style, structure, content, and language are the core tenants to consider when writing an essay.
What are the criteria under which policy recommendations should be analyzed?
This depends largely on the intended goal of the project. However, some basic criteria to consider for policy evaluation are: -Cost-efficiency -Effectiveness -Equity -Political feasibility -Implementability
What is the conceptual significance of a derivative? Give a real-world example.
A derivative is the change in y per 1 unit change in x. A real-world example is in the production function in economics. Derivatives can be used to see how much output (a product) would be generated by using one additional unit of input (worker hours, etc.). This could help a firm to decide if it is worth it to invest the additional unit of input.