ECO 365 GUIDE Logical Brains / eco365guide.com

1
ECO 365 GUIDE Logical Brains / eco365guide.com
2
ECO 365 GUIDE Logical Brains
ECO 365 Final Exam Guide (New, Dec 2015) FOR
MORE CLASSES VISIT www.eco365guide.com 1). The
DeBeers company is a profit-maximizing monopolist
that exercises monopoly power in the distribution
of diamonds. If the company earns positive
economic profits this year, the price of diamonds
will Exceed the marginal cost of diamonds but
equal to the average total cost of diamonds.
3
ECO 365 GUIDE Logical Brains
ECO 365 Final Exam Guide 1 FOR MORE CLASSES
VISIT www.eco365guide.com 1. Because you can only
obtain more of one good by giving up some of
another good, the shape of a production
possibility curve is _______________. 2. Refer to
the table shown. The average product when eight
workers are employed is _____6____ 3. A resource
is said to have a comparative advantage if
4
ECO 365 GUIDE Logical Brains
ECO 365 Week 1 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365guide.com   What is
economics? What role does economics play in your
personal and organizational decisions? Provide an
example of the role of economics in decision
making.
5
ECO 365 GUIDE Logical Brains
ECO 365 Week 1 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365guide.com Identify a
recent purchase in which the price of the product
was an important consideration in the
decision-making process related to purchasing the
product. What other factors affected your
decision? How important was your income as a
factor? How important was the price of other
goods as a factor?
6
ECO 365 GUIDE Logical Brains
ECO 365 Week 1 Individual Assignment Article
Analysis FOR MORE CLASSES VISIT www.eco365guide.
com   ECO 365 Week 1 Individual Assignment
Article Analysis
7
ECO 365 GUIDE Logical Brains
ECO 365 Week 1 Individual Assignment Economic
Analysis FOR MORE CLASSES VISIT www.eco365guide.
com Prepare a 1,000-1,500 word paper in which
you explain what the difference is between a
movement along and shift of the demand curve.
Show the impact on the equilibrium price and
quantity that results from
8
ECO 365 GUIDE Logical Brains
ECO 365 Week 1 Individual Assignment Economic
Definitions Worksheet FOR MORE CLASSES
VISIT www.eco365guide.com   Write the definition
for each of the following 1. Law of
Demand 2. Law of Supply 3. Price
Elasticity of Demand
9
ECO 365 GUIDE Logical Brains
ECO 365 Week 1 Individual Assignment Supply and
Demand Curve Worksheet (2 Sets) FOR MORE
CLASSES VISIT www.eco365guide.com   This Tutorial
contains 2 sets of Worksheet Complete the
Supply and Demand Curve worksheet.   Submit
through the Assignment tab.
10
ECO 365 GUIDE Logical Brains
ECO 365 Week 1 Ten Principles of Economics and
How Markets Work (2 Papers) FOR MORE CLASSES
VISIT www.eco365guide.com This Tutorial contains
2 Papers As part of a marketing research
committee for your organization, you have been
assigned the task of preparing a 700-word
research paper about current microeconomic
thought and theory. Use Principles of
Microeconomics, Chs. 1, 2, 3, 4, 5, and 6, as the
source
11
ECO 365 GUIDE Logical Brains
ECO 365 Week 2 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365guide.com What is the law
of diminishing marginal productivity? How does
the law of diminishing marginal productivity
affect the cost of productions? Provide an
example from your workplace.
12
ECO 365 GUIDE Logical Brains
ECO 365 Week 2 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365guide.com Why is the
demand of labor a derived demand? What is the
relationship between productivity and the wages
earned by employees where you work or at an
organization with which you are familiar? What
are some factors that determine the level of your
income? Explain your answer.
13
ECO 365 GUIDE Logical Brains
ECO 365 week 2 Individual Assignment Supply and
Demand Simulation (Microeconomics and the Laws of
Supply and Demand ) (3 Papers) FOR MORE CLASSES
VISIT www.eco365guide.com Complete the Supply and
Demand Simulation located on the student
website. Write 700 - 1,050-word paper of no more
than summarizing the content. Address the
following
14
ECO 365 GUIDE Logical Brains
ECO 365 Week 2 Learning Team Reflection
Production and Cost Analysis FOR MORE CLASSES
VISIT www.eco365guide.com Discuss this weeks
objectives with your team. Include the topics you
feel comfortable with, any topics you struggled
with, and how the topics relate to your field.
15
ECO 365 GUIDE Logical Brains
ECO 365 Week 2 Team Assignment Elasticity Paper
(Substitute or Compliment) FOR MORE CLASSES
VISIT www.eco365guide.com Reflect on why some
products become substitutes and why some are
compliments (e.g. hot dogs and hot dog buns).
Prepare a 350- to 1,050- word paper detailing the
findings of your discussion.
16
ECO 365 GUIDE Logical Brains
ECO 365 Week 2 Team Assignment Markets and the
Economics of the Public Sector (2 Papers) FOR
MORE CLASSES VISIT www.eco365guide.com This
Tutorial contains 2 Papers ECO 365 Week 2 Markets
and the Economics of the Public Sector You have
been assigned to a team that has the
responsibility of preparing a paper consisting of
1,750 words for the governors next economic
conference. Your paper should address the
following ? Explain why equilibrium of supply
and demand is desirable.
17
ECO 365 GUIDE Logical Brains
ECO 365 Week 2 Team Assignment Product
Substitution Versus Product Compliment FOR MORE
CLASSES VISIT www.eco365guide.com ECO 365 Week 2
Team Assignment Substitute vs Compliment
18
ECO 365 GUIDE Logical Brains
ECO 365 Week 3 Current Market Conditions
Competitive Analysis FOR MORE CLASSES
VISIT www.eco365guide.com ECO 365 Week 3 Current
Market Conditions Competitive Analysis You have
been given the responsibility of working with
your organizations CEO to do a competitive
market analysis of the potential success of one
of their existing products.
19
ECO 365 GUIDE Logical Brains
ECO 365 Week 3 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365guide.com What conditions
exist when economic profits are maximized? What
is the difference between economic and accounting
profits? What are economic profit-maximizing
strategies that may be made by a perfectly
competitive firm, a monopolist firm, and a
monopolistic competitive firm? Provide examples
and explain the strategies effectiveness in
their respective market structures.
20
ECO 365 GUIDE Logical Brains
ECO 365 Week 3 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365guide.com What are some
real-life examples of monopolistically
competitive, oligopoly, and monopoly markets? How
do market prices differ between perfectly and
imperfectly competitive markets? Will a monopoly
always produce at a profit-maximizing output
level? Explain your answer.
21
ECO 365 GUIDE Logical Brains
ECO 365 Week 3 Learning Team Reflection Summary
Market Structure FOR MORE CLASSES
VISIT www.eco365guide.com Discuss this weeks
objectives with your team. Include the topics you
feel comfortable with, any topics you struggled
with, and how the topics relate to your field.
22
ECO 365 GUIDE Logical Brains
ECO 365 week 3 Team Assignment Current Market
Conditions Competitive Analysis (3 Papers) FOR
MORE CLASSES VISIT www.eco365guide.com This
tutorial contains 3 sets of paper Imagine you
are part of a strategic planning group at a large
corporation that is considering developing a new
proposed product. The marketing director has
asked your team to do a competitive market
analysis to determine the products potential
success.
23
ECO 365 GUIDE Logical Brains
ECO 365 Week 4 Differentiating Between Market
Structures Paper (New Syllabus),Starbucks FOR
MORE CLASSES VISIT www.eco365guide.com You will
apply important microeconomics concepts toward
the competitive strategies of an organization
that operates in an industry of your choice. You
will evaluate the differences between market
structures and identify
24
ECO 365 GUIDE Logical Brains
ECO 365 Week 4 Differentiating Between Market
Structures Presentation (Mayo Clinic) FOR MORE
CLASSES VISIT www.eco365guide.com You will apply
important microeconomics concepts toward the
competitive strategies of an organization that
operates in an industry of your choice. You will
evaluate the differences between market
structures and identify a group of competitive
strategies consistent with the market structure
that best aligns with the market in which the
organization competes.
25
ECO 365 GUIDE Logical Brains
ECO 365 Week 4 Differentiating Between Market
Structures Presentation (New Syllabus),Starbucks
FOR MORE CLASSES VISIT www.eco365guide.com You
will apply important microeconomics concepts
toward the competitive strategies of an
organization that operates in an industry of your
choice. You will evaluate the differences
between market structures and identify a group of
competitive strategies consistent with the market
structure that best aligns
26
ECO 365 GUIDE Logical Brains
ECO 365 Week 4 Differentiating Between Market
Structures Presentation (New), Apple Company
FOR MORE CLASSES VISIT www.eco365guide.com You
will apply important microeconomics concepts
toward the competitive strategies of an
organization that operates in an industry of your
choice. You will evaluate the differences
between market structures and identify a group of
competitive strategies consistent with the market
structure that best aligns
27
ECO 365 GUIDE Logical Brains
ECO 365 Week 4 Discussion Question 1 FOR MORE
CLASSES VISIT www.eco365guide.com What is an
externality? Provide at least three examples. How
does one of the examples you provided affect the
market outcome? What is the role of government in
addressing the implications of an externality you
provided as an example? Is it possible that a
governments solution to a market failure would
worsen the failure? Explain your answer.
28
ECO 365 GUIDE Logical Brains
ECO 365 Week 4 Discussion Question 2 FOR MORE
CLASSES VISIT www.eco365guide.com What effect do
government intervention, taxation, and
regulations have on economic behavior?
Explain. What are real-world examples of
government intervention, taxation, and
regulations? What are the goals of each?
29
ECO 365 GUIDE Logical Brains
ECO 365 Week 4 Individual Assignment
Differentiating Between Market Structures Table
FOR MORE CLASSES VISIT www.eco365guide.com For
this assignment, you will choose from the
following options Option 1 Differentiating
Between Market Structures in Kudler Option 2
Differentiating Between Market Structures in an
Organization of Your Choice
30
ECO 365 GUIDE Logical Brains
ECO 365 Week 4 Learning Team Reflection Public
Policy in Economics FOR MORE CLASSES
VISIT www.eco365guide.com Discuss this weeks
objectives with your team. Include the topics you
feel comfortable with, any topics you struggled
with, and how the topics relate to your field.
Prepare a 350- to 1,050- word paper detailing
the findings of your discussion.
31
ECO 365 GUIDE Logical Brains / eco365guide.com