ECON 545 GENIUS Seek Your Dream/econ545genius.com

1
ECON 545 GENIUS Seek Your Dream/econ545genius.com

• FOR MORE CLASSES VISIT
• www.econ545genius.com

2
ECON 545 All Weeks Discussion (Devry) FOR
MORE CLASSES VISIT www.econ545genius.com DEVRY
ECON 545 Week 1 DQ 1 Supply and Demand DEVRY ECON
545 Week 1 DQ 2 Elasticity and the Minimum
Wage DEVRY ECON 545 Week 2 DQ 1 Marginal
Analysis DEVRY ECON 545 Week 2 DQ 2 Controlling
Costs DEVRY ECON 545 Week 3 DQ 1 Mergers
Acquisitions DEVRY ECON 545 Week 3 DQ 2
Anti-Trust Policy and Microsoft DEVRY ECON 545
Week 4 DQ 1 Macroeconomic News
3
ECON 545 Entire Course Final Exam (New) FOR
MORE CLASSES VISIT www.econ545genius.com ECON
545 Week 1 DQ 1 Supply and Demand ECON 545 Week 1
DQ 2 Elasticity and the Minimum Wage ECON 545
Week 2 DQ 1 Marginal Analysis ECON 545 Week 2 DQ
2 Controlling Costs ECON 545 Week 3 DQ 1 Mergers
Acquisitions ECON 545 Week 3 DQ 2 Antitrust
Policy ECON 545 Week 3 Course Project 1
Microeconomic Analysis (Situation C) ECON 545
Week 4 DQ 1 Current Topic in Macroeconomics ECON
545 Week 4 DQ 2 Healthcare
4
ECON 545 Final Exam Set 2 FOR MORE CLASSES
VISIT www.econ545genius.com 1. (TCO A) Suppose
you are hired to manage a small manufacturing
facility that produces Widgets. (a.) (15 points)
You know from data collected on the Widget Market
that market demand has recently decreased and
market supply has recently increased. As manager
of the facility, what decisions should you make
regarding production levels and pricing for your
Widget facility? Remember that supply and demand
are about the market supply and market demand,
which is bigger than your own company. You are
being given data on supply and demand for the
whole market and are being asked what effect that
5
ECON 545 Week 1 DQ 1 Supply and Demand FOR MORE
CLASSES VISIT www.econ545genius.com What is the
difference between a change in demand versus a
change in quantity demanded? A change in supply
versus a change in quantity supplied? Why is it
so important to differentiate between these
similar-sounding terms?
6
ECON 545 Week 1 DQ 2 Elasticity and the Minimum
Wage FOR MORE CLASSES VISIT www.econ545genius.com
What are your thoughts about minimum wage
legislation? What kind of a price-control policy
is this? Who gains? Who loses? Are there
alternatives to this legislation for achieving
the same policy objectives? What role do demand
and supply elasticities play in determining
outcomes?
7
ECON 545 Week 2 DQ 1 Marginal Analysis FOR
MORE CLASSES VISIT www.econ545genius.com Why is
marginal analysis important in economics?  How do
the tutorials Basics of Marginal
Analysis and Understanding and Applying Marginal
Analysis at the end of this week's
lecturereinforce the concepts of marginal
analysis? How can any firm find the right
production level which guarantees maximum profit
(or minimum loss)?
8
ECON 545 Week 2 DQ 2 Controlling Costs FOR MORE
CLASSES VISIT www.econ545genius.com Name some
of the ways firms attempt to control their
costs. How does your firm control costs? The key
here in keeping this question interesting is that
reducing the workforce or having one person do
the work of three people are not the only ways to
control costs. I'm looking for more creative
ways. Maybe you can think of some that your firm
is not currently using. Be creative here.
9
ECON 545 Week 2 Quiz FOR MORE CLASSES
VISIT www.econ545genius.com 1) Consider the
market for ping golf clubs. Suppose the price of
memberships at local golf courses increases. Use
the line drawing tool to show how this affects
the demand for ping golf clubs by drawing a new
demand curve. Assume memberships at local golf
courses and ping golf clubs are complements.
Properly label this line. Instead, suppose the
price of tennins rackets decreases. If tennis
rackets and goal substitutes, then the demand for
ping golf clubs will .. 2) State whether each
of the following events will result in a movement
along the demand curve for McDonalds Big Mac
hamburgers or whether it will cause the curve to
shift a) The price of Burger Kings Whopper
hamburgers declines. This will cause b)
McDonalds eliminates 1.00 off coupons. This
will cause c-d) KFC raises the price of a bucket
of fried chicken.
10
ECON 545 Week 3 Course Project 1 Microeconomic
Analysis (Situation A) FOR MORE CLASSES
VISIT www.econ545genius.com ECON545 Project
1Microeconomic Analysis The Microeconomic Paper
tests your ability to apply economic principles
to a business decision. Select one situation from
the items outlined below A to D. Complete the
paper on the selected situation as specified
below. The completed paper is a professional
report and is due in Week 3 (230 points). See the
grading rubric at the end of this document. Be
sure to use the DeVry library for finding data
avoid questionable sources, such as Wikipedia.
The following is a list of the specific required
information, research, graphs, and math to be
included in each answer regardless of the
11
ECON 545 Week 3 Course Project 1 Microeconomic
Analysis (Situation B) FOR MORE CLASSES
VISIT www.econ545genius.com ECON545 Project
1Microeconomic Analysis The Microeconomic Paper
tests your ability to apply economic principles
to a business decision. Select one situation from
the items outlined below A to D. Complete the
paper on the selected situation as specified
below. The completed paper is a professional
report and is due in Week 3 (230 points). See the
grading rubric at the end of this document. Be
sure to use the DeVry library for finding data
avoid questionable sources, such as Wikipedia.
The following is a list of the specific required
information, research, graphs, and math to be
included in each answer regardless of the
12
ECON 545 Week 3 Course Project 1 Microeconomic
Analysis (Situation C) FOR MORE CLASSES
VISIT www.econ545genius.com ECON545 Project
1Microeconomic Analysis   The Microeconomic
Paper tests your ability to apply economic
principles to a business decision. Select one
situation from the items outlined below A to D.
Complete the paper on the selected situation as
specified below. The completed paper is a
professional report and is due in Week 3 (230
points). See the grading rubric at the end of
this document. Be sure to use the DeVry library
for finding data avoid questionable sources,
such as Wikipedia.
13
ECON 545 Week 3 Course Project 1 Microeconomic
Analysis (Situation D Rajeev, P.F. Chang chain of
restaurants ) FOR MORE CLASSES
VISIT www.econ545genius.com ECON545 Project
1Microeconomic Analysis The Microeconomic Paper
tests your ability to apply economic principles
to a business decision. Select one situation from
the items outlined below A to D. Complete the
paper on the selected situation as specified
below. The completed paper is a professional
report and is due in Week 3 (230 points). See the
grading rubric at the end of this document. Be
sure to use the DeVry library for finding data
avoid questionable sources, such as Wikipedia.
The following is a list of the specific required
information, research, graphs, and math to be
included in each answer regardless of the
14
ECON 545 Week 3 Course Project 1 Microeconomic
Analysis (Situation D Uncle Dan) FOR MORE
CLASSES VISIT www.econ545genius.com ECON545
Project 1Microeconomic Analysis The
Microeconomic Paper tests your ability to apply
economic principles to a business decision.
Select one situation from the items outlined
below A to D. Complete the paper on the selected
situation as specified below. The completed paper
is a professional report and is due in Week 3
(230 points). See the grading rubric at the end
of this document. Be sure to use the DeVry
library for finding data avoid questionable
sources, such as Wikipedia. The following is a
list of the specific required information,
research, graphs, and math to be included in each
answer regardless of the
15
ECON 545 Week 3 DQ 1 Mergers Acquisitions FOR
MORE CLASSES VISIT www.econ545genius.com Have
you ever been involved in a merger or
acquisition? If so, tell us about your
experiences. If not, comment on this week's
tutorial, "The Private Sector."
16
ECON 545 Week 3 DQ 2 Antitrust Policy FOR MORE
CLASSES VISIT www.econ545genius.com Review and
chose a firm of your choice provided by your
instructor. Is this firm a monopoly? In what ways
could it be considered a monopoly? What markets
are involved? What anti-trust legislation would
apply? Is anti-trust legislation "fair" to your
chosen firm? Why or why not?
17
ECON 545 Week 4 DQ 1 Current Topic in
Macroeconomics FOR MORE CLASSES
VISIT www.econ545genius.com Scour the national
media for a credible macroeconomic current issue
(many good sources are available online) in which
Chapters 19-21 is at the heart of the matter.
Summarize your article for your colleagues and
attach a link to your article. Make sure you
appropriately refer to the textbook sections that
apply to your chosen article.
18
ECON 545 Week 4 DQ 2 Healthcare FOR MORE
CLASSES VISIT www.econ545genius.com The
healthcare sector is often cited as being fraught
with just about every economic imperfection that
is known to humankind. Can you identify and
briefly describe ONE of these imperfections? Do
you know of any examples?
19
ECON 545 Week 5 DQ 1 Trade Deficits FOR MORE
CLASSES VISIT www.econ545genius.com What have
been some major causes of the large U.S. trade
deficits since 1992? What is a major benefit (you
could address that issue) or a major cost (or you
could address that issue) associated with trade
deficits?
20
ECON 545 Week 5 DQ 2 Exchange Rates FOR MORE
CLASSES VISIT www.econ545genius.com Do a little
research about foreign exchange traders. It's a
big business how do they make money? What is the
relationship between FX rates and interest rates?
21
ECON 545 Week 5 Quiz FOR MORE CLASSES
VISIT www.econ545genius.com Suppose that the
reserve requirement is 5. What is the effect on
the total checkable deposits in the economy if
banks reserves increased by 60 billion? The
formula for the simple deposit multiplier is?
(Related to Solved Problem 1) Suppose that
simple economy produces only the following goods
and services shoes, hamburgers, shirts and
cotton. Further, assume that all of the cotton is
used in the production of shirts. Use the
information in the following table to calculate
Nominal Gross Domestic Product ( NGDP) for 2015.
Why might cutting government spending as a fiscal
policy be a more difficult policy than the use
22
ECON 545 Week 6 Course Project 2 Macroeconomic
Analysis (Situation A) FOR MORE CLASSES
VISIT www.econ545genius.com ECON545 Project
2Macroeconomic Analysis The Macroeconomic Paper
tests your ability to apply economic principles
to a business decision considering the impact of
macroeconomic variables. Select one situation
from the items outlined below A to D. Complete
the paper on the selected situation as specified
below. The completed paper is a professional
report and is due in Week 6 (260 Points). See the
grading rubric at the end of this document. Be
sure to use the DeVry library to find data, and
avoid questionable sources, such as Wikipedia.
Each of the scenarios has a list of Macroeconomic
areas you are to address,
23
ECON 545 Week 6 Course Project 2 Macroeconomic
Analysis (Situation B) FOR MORE CLASSES
VISIT www.econ545genius.com ECON545 Project
2Macroeconomic Analysis The Macroeconomic Paper
tests your ability to apply economic principles
to a business decision considering the impact of
macroeconomic variables. Select one situation
from the items outlined below A to D. Complete
the paper on the selected situation as specified
below. The completed paper is a professional
report and is due in Week 6 (260 Points). See the
grading rubric at the end of this document. Be
sure to use the DeVry library to find data, and
avoid questionable sources, such as Wikipedia.
Each of the scenarios has a list of Macroeconomic
areas you are to address,
24
ECON 545 Week 6 Course Project 2 Macroeconomic
Analysis (Situation C) FOR MORE CLASSES
VISIT www.econ545genius.com ECON545 Project
2Macroeconomic Analysis   The Macroeconomic
Paper tests your ability to apply economic
principles to a business decision considering the
impact of macroeconomic variables. Select one
situation from the items outlined below A to D.
Complete the paper on the selected situation as
specified below. The completed paper is a
professional report and is due in Week 6 (260
Points). See the grading rubric at the end of
this document. Be sure to use the DeVry library
to find data, and avoid questionable sources,
such as Wikipedia.
25
ECON 545 Week 6 Course Project 2 Macroeconomic
Analysis (Situation D, Uncle Dan) FOR MORE
CLASSES VISIT www.econ545genius.com ECON545
Project 2Macroeconomic Analysis The
Macroeconomic Paper tests your ability to apply
economic principles to a business decision
considering the impact of macroeconomic
variables. Select one situation from the items
outlined below A to D. Complete the paper on the
selected situation as specified below. The
completed paper is a professional report and is
due in Week 6 (260 Points). See the grading
rubric at the end of this document. Be sure to
use the DeVry library to find data, and avoid
questionable sources, such as Wikipedia. Each of
the scenarios has a list of Macroeconomic areas
you are to address,
26
ECON 545 Week 6 DQ 1 Fiscal Policy FOR MORE
CLASSES VISIT www.econ545genius.com What fiscal
policies are required to fight unemployment? Which
 ones are required to fight inflation? What are
some of the downside risks and potential problems
involved when using fiscal policy?
27
ECON 545 Week 6 DQ 2 Monetary Policy FOR MORE
CLASSES VISIT www.econ545genius.com What are
the monetary policies required to fight
unemployment? What about those required to fight
inflation? What are some of the downside risks
and potential problems involved when using
monetary policy?
28
ECON 545 Week 7 DQ 1 The Public Sector FOR MORE
CLASSES VISIT www.econ545genius.com What is the
appropriate balance between private and public
(i.e., government) activity? Think of a case
where the government has intervened (or it was
suggested that government intervene) in a
previously private market (e.g. Chrysler, tariffs
on Japanese luxury cars, the airline industry,
etc). What other examples can you think of? Using
a marginal benefit/marginal cost analysis,
support or argue against the intervention.
29
ECON 545 Week 7 DQ 2 Forecasting FOR MORE
CLASSES VISIT www.econ545genius.com Let's discuss
one of the most important areas of economics,
namely the use of leading economic indicators
to forecast the future direction of the
macroeconomy.  What websites are helping you gain
a better understanding of where the economy is
heading in the next 12 months? 
30
ECON 545 Week 8 Final Exam (Devry) FOR MORE
CLASSES VISIT www.econ545genius.com 1. Question
(TCO A) Suppose you are hired to manage a small
manufacturing facility that produces
Widgets.(a.) (15 points) You know from data
collected on the Widget Market that market demand
and market supply have both increased recently.
As manager of the facility, what decisions should
you make regarding production levels and pricing
for your Widget facility?Remember that supply
and demand are about the market supply and market
demand, which is bigger than your own company.
You are being given data on supply and demand for
the whole market and are being asked what effect
that has on you as a small part of that market.
31
ECON 545 GENIUS Seek Your Dream/econ545genius.com

• FOR MORE CLASSES VISIT
• www.econ545genius.com