ECO 365 Principles of Microeconomics Entire class
ECO 365 Principles of Microeconomics Entire class
ECO 365 Principles of Microeconomics Entire class
eco 365 Ten Principles of Economics and How Markets Work eco 365 week 1
eco 365 Ten Principles of Economics and How Markets Work eco 365 week 1
Purpose of Assignment
In Week 1, students are introduced to the ten fundamental principles on which the study of economics is based. Throughout this course, the students will use these ten principles to better develop their understanding of economics and how society manages its scarce resources. Students will see how markets work using supply and demand for a good to determine both the quantity produced and the price at which the good sells. The concepts of equilibrium and elasticity are used to explain the sensitivity of quantity supplied and quantity demanded to changes in economic variables. Students will see how government policies impact prices and quantities in markets.
Assignment Steps
Resources: Principles of Microeconomics, Ch. 1, 2, 3, 4, and 6.
Prepare an 875-word research paper as part of a marketing research committee for your organization about current microeconomic thought and theory.
Identify the fundamental lessons the Ten Principles of Economics teaches regarding:
- How people make decisions
- How people interact
- How the economy works as a whole
Explain the following to help the committee members understand how markets work:
- How society manages its scarce resources and benefits from economic interdependence.
- Why the demand curve slopes downward and the supply curve slopes upward.
- Where the point of equilibrium is and what does it determine?
- The impact of price controls, taxes, and elasticity on changes in supply, demand and equilibrium prices.
Format consistent with APA guidelines.
eco 365 Ten Principles of Economics and How Markets Work eco 365 week 1
Markets and the Economics of the Public Sector ECO365 week 2
Markets and the Economics of the Public Sector ECO365 week 2
Purpose of Assignment
In Week 2, students will employ the supply and demand model to develop consumer surplus and producer surplus as a measure of welfare and market efficiency. Students learn about welfare economics–the study of how the allocation of resources affects economic well-being–and will discover that under most circumstances, the equilibrium price and quantity is also the one that maximizes welfare. Students will review different sources of externalities and a variety of potential cures and will see that while markets are usually a good way to organize economic activity, governments can sometimes improve market outcomes. Students will see how the U.S. government raises and spends money and the difficulty of making a tax system both efficient and equitable.
Assignment Steps
Scenario: Imagine you have been assigned the responsibility of preparing a paper for the governor’s next economic conference.
Prepare a 1,050-word paper addressing the following:
- Explain why equilibrium of supply and demand is desirable.
- Explain the following concepts using the concept of consumer and producer surplus:
- Efficiency of markets
- Costs of taxation
- Benefits of international trade
- Discuss how externalities may prevent market equilibrium and the various governments policies used to remedy the inefficiencies in markets caused by externalities.
- Analyze the difference between the efficiency of a tax system and the equity of a tax system as it refers to the costs imposed on taxpayers using the benefits principles.
Cite a minimum of three peer-reviewed sources, not including your textbook.
Markets and the Economics of the Public Sector ECO365 week 2
Current Market Conditions Competitive Analysis ECO 365 WEEK 3
Purpose of Assignment
Students will develop cost curves on which firm behavior is based and will utilize these cost curves to determine the behavior of their chosen organization in the market served. Using the concept of comparative advantage, students analyze trade opportunities and use the model of supply and demand to explain factors that could affect demand, supply and prices. Students will determine various factors that could affect their organization’s total revenue and will recommend actions the firm could use to maximize their profit and their presence in the market served.
Assignment Steps
Scenario: You have been given the responsibility of working with your organization’s CEO to do a competitive market analysis of the potential success of one of their existing products.
Research an organization and a product produced by that organization in which an analysis can be conducted.
Write a 1,750-word analysis of the current market conditions facing your product, making sure you address the following topics:
- Define the type of market in which your selected product will compete, along with an analysis of competitors and customers.
- Analyze any comparative advantages and international trade opportunities.
- Explain the factors that will affect demand, supply, and prices of that product.
- Examine factors that will affect Total Revenue, including but not limited to:
- Price elasticity of demand
- Factors that influence productivity
- Various measures of costs, including opportunity costs
- Externalities and government public policy and their effect on marginal revenue and marginal cost
- Recommend how your organization can maximize their profit-making potential and increase their presence within the market served by the product.
Cite a minimum of three peer-reviewed sources from the University Library.
Format your paper consistent with APA guidelines.
Current Market Conditions Competitive Analysis ECO 365 WEEK 3
Current Market Conditions Competitive Analysis ECO 365 WEEK 3
Why Are Some Occupations Paid More than Others? ECO 365 WEEK 4
Why Are Some Occupations Paid More than Others? ECO 365 WEEK 4
Purpose of Assignment
The purpose of this assignment is so students may look at the microeconomic data and other sources for better understanding of trends and determinants of the labor market.
We will look at the microeconomic data and other sources for better understanding of trends and determinants of the labor market. The Bureau of Labor Statistics (BLS) website provides public with an easy access to different statistical tools and different types of data presentation.
Assignment Steps
Select one of the following surveys as a team, from the BLS Current Employment Statistics survey (National):
- Goods-producing Employment – CES0600000001
- Construction Employment – CES2000000001
- Manufacturing Employment – CES3000000001
- Trade, Transportation, and Utilities Employment – CES4000000001
- Retail Trade Employment – CES4200000001
- Education and Health Services Employment – CES6500000001
Retrieve and save a Microsoft® Excel® file and the graphs to your desktop for analysis. You will have to check the “include graph” box along the top of the page to see the graph, and you will need to copy and paste the graph separately into your Microsoft® Excel® document.
Tutorial help on Excel® and PowerPoint® functions can be found on the Microsoft® office website. There are also additional tutorials via the web that offer support for office products.
Consider the following two articles, located in the Week 4 Electronic Reserve Readings, discussing actor salaries and hedge fund executives’ average salaries:
- “Robert Downey Junior is Hollywood’s Highest-Paid Actor”
- “In Tough Year, Hedge Fund Leaders Still Paid Well: Average Salary of $467M Was Half 2013, Report Says”
Online Classes: Prepare and present a 5- to 8-slide Microsoft® PowerPoint® presentation-analysis.
Campus Classes: Prepare a 5- to 8-slide Microsoft® PowerPoint® presentation based on your analysis to share in class.
Include the following content in the presentation:
- What are trends in the labor market for the chosen labor group that you can identify for the last 10 years? Please provide the retrieved statistics.
- What factors affected the demand and supply for this labor group during the last 10 years? Research and report data available from Bureau of Labor Statistics (BLS) and other peer reviewed sources.
- Why do actors and actresses earn so much compared to the chosen labor group?
- Why do hedge fund executives earn so much compared to the chosen labor group?
- In addition to wages, what other factors influence an individual to choose one job over another?
- What jobs do you think have the best mix of salary and other characteristics that individuals care about?
Cite a minimum of three peer-reviewed sources, not including the textbook and required economic data.
Format consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
Why Are Some Occupations Paid More than Others? ECO 365 WEEK 4
ECO 365 Principles of Microeconomics Entire class
ECO 365 Principles of Microeconomics Entire class
ECO 365 Principles of Microeconomics Entire class
ECO 365 Principles of Microeconomics Entire class
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ECO 365 Principles of Microeconomics Entire class
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ECO 365 Principles of Microeconomics Entire class
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ECO 365 Principles of Microeconomics Entire class
ECO 365 Principles of Microeconomics Entire class
eco 365 Ten Principles of Economics and How Markets Work eco 365 week 1
eco 365 Ten Principles of Economics and How Markets Work eco 365 week 1
Purpose of Assignment
In Week 1, students are introduced to the ten fundamental principles on which the study of economics is based. Throughout this course, the students will use these ten principles to better develop their understanding of economics and how society manages its scarce resources. Students will see how markets work using supply and demand for a good to determine both the quantity produced and the price at which the good sells. The concepts of equilibrium and elasticity are used to explain the sensitivity of quantity supplied and quantity demanded to changes in economic variables. Students will see how government policies impact prices and quantities in markets.
Assignment Steps
Resources: Principles of Microeconomics, Ch. 1, 2, 3, 4, and 6.
Prepare an 875-word research paper as part of a marketing research committee for your organization about current microeconomic thought and theory.
Identify the fundamental lessons the Ten Principles of Economics teaches regarding:
- How people make decisions
- How people interact
- How the economy works as a whole
Explain the following to help the committee members understand how markets work:
- How society manages its scarce resources and benefits from economic interdependence.
- Why the demand curve slopes downward and the supply curve slopes upward.
- Where the point of equilibrium is and what does it determine?
- The impact of price controls, taxes, and elasticity on changes in supply, demand and equilibrium prices.
Format consistent with APA guidelines.
eco 365 Ten Principles of Economics and How Markets Work eco 365 week 1
Markets and the Economics of the Public Sector ECO365 week 2
Markets and the Economics of the Public Sector ECO365 week 2
Purpose of Assignment
In Week 2, students will employ the supply and demand model to develop consumer surplus and producer surplus as a measure of welfare and market efficiency. Students learn about welfare economics–the study of how the allocation of resources affects economic well-being–and will discover that under most circumstances, the equilibrium price and quantity is also the one that maximizes welfare. Students will review different sources of externalities and a variety of potential cures and will see that while markets are usually a good way to organize economic activity, governments can sometimes improve market outcomes. Students will see how the U.S. government raises and spends money and the difficulty of making a tax system both efficient and equitable.
Assignment Steps
Scenario: Imagine you have been assigned the responsibility of preparing a paper for the governor’s next economic conference.
Prepare a 1,050-word paper addressing the following:
- Explain why equilibrium of supply and demand is desirable.
- Explain the following concepts using the concept of consumer and producer surplus:
- Efficiency of markets
- Costs of taxation
- Benefits of international trade
- Discuss how externalities may prevent market equilibrium and the various governments policies used to remedy the inefficiencies in markets caused by externalities.
- Analyze the difference between the efficiency of a tax system and the equity of a tax system as it refers to the costs imposed on taxpayers using the benefits principles.
Cite a minimum of three peer-reviewed sources, not including your textbook.
Markets and the Economics of the Public Sector ECO365 week 2
Current Market Conditions Competitive Analysis ECO 365 WEEK 3
Purpose of Assignment
Students will develop cost curves on which firm behavior is based and will utilize these cost curves to determine the behavior of their chosen organization in the market served. Using the concept of comparative advantage, students analyze trade opportunities and use the model of supply and demand to explain factors that could affect demand, supply and prices. Students will determine various factors that could affect their organization’s total revenue and will recommend actions the firm could use to maximize their profit and their presence in the market served.
Assignment Steps
Scenario: You have been given the responsibility of working with your organization’s CEO to do a competitive market analysis of the potential success of one of their existing products.
Research an organization and a product produced by that organization in which an analysis can be conducted.
Write a 1,750-word analysis of the current market conditions facing your product, making sure you address the following topics:
- Define the type of market in which your selected product will compete, along with an analysis of competitors and customers.
- Analyze any comparative advantages and international trade opportunities.
- Explain the factors that will affect demand, supply, and prices of that product.
- Examine factors that will affect Total Revenue, including but not limited to:
- Price elasticity of demand
- Factors that influence productivity
- Various measures of costs, including opportunity costs
- Externalities and government public policy and their effect on marginal revenue and marginal cost
- Recommend how your organization can maximize their profit-making potential and increase their presence within the market served by the product.
Cite a minimum of three peer-reviewed sources from the University Library.
Format your paper consistent with APA guidelines.
Current Market Conditions Competitive Analysis ECO 365 WEEK 3
Current Market Conditions Competitive Analysis ECO 365 WEEK 3
Why Are Some Occupations Paid More than Others? ECO 365 WEEK 4
Why Are Some Occupations Paid More than Others? ECO 365 WEEK 4
Purpose of Assignment
The purpose of this assignment is so students may look at the microeconomic data and other sources for better understanding of trends and determinants of the labor market.
We will look at the microeconomic data and other sources for better understanding of trends and determinants of the labor market. The Bureau of Labor Statistics (BLS) website provides public with an easy access to different statistical tools and different types of data presentation.
Assignment Steps
Select one of the following surveys as a team, from the BLS Current Employment Statistics survey (National):
- Goods-producing Employment – CES0600000001
- Construction Employment – CES2000000001
- Manufacturing Employment – CES3000000001
- Trade, Transportation, and Utilities Employment – CES4000000001
- Retail Trade Employment – CES4200000001
- Education and Health Services Employment – CES6500000001
Retrieve and save a Microsoft® Excel® file and the graphs to your desktop for analysis. You will have to check the “include graph” box along the top of the page to see the graph, and you will need to copy and paste the graph separately into your Microsoft® Excel® document.
Tutorial help on Excel® and PowerPoint® functions can be found on the Microsoft® office website. There are also additional tutorials via the web that offer support for office products.
Consider the following two articles, located in the Week 4 Electronic Reserve Readings, discussing actor salaries and hedge fund executives’ average salaries:
- “Robert Downey Junior is Hollywood’s Highest-Paid Actor”
- “In Tough Year, Hedge Fund Leaders Still Paid Well: Average Salary of $467M Was Half 2013, Report Says”
Online Classes: Prepare and present a 5- to 8-slide Microsoft® PowerPoint® presentation-analysis.
Campus Classes: Prepare a 5- to 8-slide Microsoft® PowerPoint® presentation based on your analysis to share in class.
Include the following content in the presentation:
- What are trends in the labor market for the chosen labor group that you can identify for the last 10 years? Please provide the retrieved statistics.
- What factors affected the demand and supply for this labor group during the last 10 years? Research and report data available from Bureau of Labor Statistics (BLS) and other peer reviewed sources.
- Why do actors and actresses earn so much compared to the chosen labor group?
- Why do hedge fund executives earn so much compared to the chosen labor group?
- In addition to wages, what other factors influence an individual to choose one job over another?
- What jobs do you think have the best mix of salary and other characteristics that individuals care about?
Cite a minimum of three peer-reviewed sources, not including the textbook and required economic data.
Format consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
Why Are Some Occupations Paid More than Others? ECO 365 WEEK 4
ECO 365 Principles of Microeconomics Entire class
ECO 365 Principles of Microeconomics Entire class
ECO 365 Principles of Microeconomics Entire class