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For more course tutorials visit uophelp.com is now newtonhelp.com www.newtonhelp.com 1 During the winter break, Sam decides to go for a skiing vacation in Aspen instead of taking piano lessons. The opportunity cost of the skiing vacation is the: cost of accommodation and food in Aspen. value of piano lessons. – PowerPoint PPT presentation

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Title: ECO 365 Learn/newtonhelp.com


1
ECO 365 Learn/newtonhelp.com
2
ECO 365 Final Exam Guide (New, 2018) 
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  • 1 During the winter break, Sam decides to go for
    a skiing vacation in Aspen instead of taking
    piano lessons. The opportunity cost of the skiing
    vacation is the
  • cost of accommodation and food in Aspen.
  • value of piano lessons.
  • cost of buying a piano.
  • amount paid to the skiing instructor.

3
ECO 365 Final Exam Guide (New, Dec 2015)
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  • 1). The DeBeers company is a profit-maximizing mon
    opolist that exercises monopoly power in the distr
    ibution of diamonds. If the company earns positive
     economic profits this year, the price of diamonds
     will  
  • Exceed the marginal cost of diamonds but equal t
    o the average total cost of diamonds.  
  • Exceed both the marginal cost and the average to
    tal cost of diamonds.  
  • Be equal to the marginal cost of diamonds.  
  • Be equal to the average total cost of diamonds.

4
ECO 365 Final Exam Guide 1 
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  • 1Because 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

5
ECO 365 Week 1 Discussion Question 1 
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  • .
  • 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. 

6
ECO 365 Week 1 Discussion Question 2 
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  • 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?

7
ECO 365 Week 1 Individual Assignment Article
Analysis 
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  • ECO 365 Week 1 Individual Assignment Article
    Analysis

8
ECO 365 Week 1 Individual Assignment Economic
Analysis 
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  • 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 (1) an increase in demand, (2) an
    increase in supply, (3) an increase in both
    supply and demand. Give an example of the role of
    supply and demand in decision making.  Post in
    assignments link. 
  •  

9
ECO 365 Week 1 Individual Assignment Economic
Definitions Worksheet
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  • Write the definition for each of the following
  • 1.         Law of Demand
  • 2.         Law of Supply
  • 3.         Price Elasticity of Demand
  • 4.         Macroeconomics
  • 5.         Microeconomics

10
ECO 365 Week 1 Individual Assignment Supply and
Demand Curve Worksheet (2 Sets) 
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  • This Tutorial contains 2 sets of Worksheet
  •  
  • Complete the Supply and Demand Curve
    worksheet.Submit through the Assignment tab.
  •  
  • Answer the following questions
  •  

11
ECO 365 Week 1 Ten Principles of Economics and
How Markets Work (2 Papers)
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  • 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 for all your
    information.
  • Identify the fundamental lessons the Ten
    Principles of Economics teach about
  •   How people make decisions

12
ECO 365 Week 2 Discussion Question 1 
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  • 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.

13
ECO 365 Week 2 Discussion Question 2 
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  • 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.

14
ECO 365 week 2 Individual Assignment Supply and
Demand Simulation (Microeconomics and the Laws of
Supply and Demand ) (3 Papers) 
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  • This Tutorial contains 3 different Papers
  • 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
  •          Identify two microeconomics and two
    macroeconomics principles or concepts from the
    simulation. Explain why you have categorized
    these principles or concepts as macroeconomic or
    microeconomic.
  •          Identify at least one shift of the
    supply curve and one shift of the demand curve in
    the simulation. What causes the shifts?

15
ECO 365 Week 2 Learning Team Reflection
Production and Cost Analysis
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  • 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.

16
ECO 365 Week 2 Team Assignment Elasticity Paper
(Substitute or Compliment)
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  • 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

17
ECO 365 Week 2 Team Assignment Markets and the
Economics of the Public Sector (2 Papers) 
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  •  
  • 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.
  •   Explain the following concepts using the
    concept of consumer and producer surplus
  •   Efficiency of markets

18
ECO 365 Week 2 Team Assignment Product
Substitution Versus Product Compliment 
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  • ECO 365 Week 2 Team Assignment Substitute vs
    Compliment

19
ECO 365 Week 3 Current Market Conditions
Competitive Analysis 
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  • 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.
  • Select your organization and a product produced
    by that organization from IndustryWeek.
  • Write a 2,100-word analysis of the current market
    conditions facing your product, making sure that
    you address the following topics

20
ECO 365 Week 3 Discussion Question 1
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  • 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

21
ECO 365 Week 3 Discussion Question 2 
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  • 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. 

22
ECO 365 Week 3 Learning Team Reflection Summary
Market Structure 
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  • 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.

23
ECO 365 week 3 Team Assignment Current Market
Conditions Competitive Analysis (3 Papers) 
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  • 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. The analysis will focus on
    your primary competitor in the products market.

24
ECO 365 Week 4 Differentiating Between Market
Structures Paper (New Syllabus),Starbucks 
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  • 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 Week 4 Differentiating Between Market
Structures Presentation (Mayo Clinic) 
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  • 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.

26
ECO 365 Week 4 Differentiating Between Market
Structures Presentation (New Syllabus),Starbucks 
  • For more course tutorials visit
  • uophelp.com is now newtonhelp.com
  • www.newtonhelp.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. You will assess
    how the market structure positively and
    negatively affects the firm and evaluate the
    efficacy of the structure's competitive
    strategies.

27
ECO 365 Week 4 Differentiating Between Market
Structures Presentation (New), Apple 
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  • 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

28
ECO 365 Week 4 Discussion Question 1 
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  • 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.

29
ECO 365 Week 2 Team Assignment Product
Substitution Versus Product Compliment 
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  • ECO 365 Week 2 Team Assignment Substitute vs
    Compliment

30
ECO 365 Week 4 Discussion Question 2 
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  • 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?

31
ECO 365 Week 4 Individual Assignment
Differentiating Between Market Structures Table 
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  • For this assignment, you will choose from the
    following options
  •  
  • o   Option 1 Differentiating Between Market
    Structures in Kudler
  • o   Option 2 Differentiating Between Market
    Structures in an Organization of Your Choice
  •  
  • Read the instructions in the University of
    Phoenix Material Differentiating Between Market
    Structureslocated on the student website and
    select one option to complete the assignment.

32
ECO 365 Week 4 Learning Team Reflection Public
Policy in Economics 
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  • 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.

33
ECO 365 Week 4 Team Assignment Mergers and Joint
Ventures (2 Papers) 
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  • Learning Team Assignment Week 4
  •  
  • Discuss the differences between horizontal,
    vertical and conglomerate mergers and how those
    differ from a joint venture.
  •  
  • Introduction

34
ECO 365 Week 4 Why Are Some Occupations Paid More
than Others (4 Presentation)
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  • This Tutorial contains 4 Presentations
  •  
  •  
  •  ECO 365 Week 4 Why Are Some Occupations Paid
    More than Others?
  •  
  •  
  • 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.
  •  

35
ECO 365 week 5 Team Assignment Competitive
Strategies and Government Policies (3 Papers)
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  • This Tutorial contains 3 sets of papers
  • Management has recognized the effect of changes
    in the real-world competitive environment and
    government policies on other industries and
    anticipates similar events occurring in their
    industry, so they ask you for a report
    considering the following points.
  •  

36
ECO 365 week 5 Team Assignment Competitive
Strategies and Government Policies (PPT)
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  • Select an organization the team is familiar with
    and which has a global presence. 
  • Management in the team's organization has
    recognized the effect of changes in the
    real-world competitive environment and government
    policies on other industries and anticipates
    similar events occurring in their industry, so
    they ask you for a report considering the
    following points.
  • Create a 12- to 16-slide PowerPoint presentation
    in which you describe how each of the following
    are or potentially will affect your industry or
    one with which you are familiar

37
ECO 365 Week 5 Theory of Consumer Choice and
Frontiers of Microeconomics (2 Papers) 
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  • This Tutorial contains 2 Papers
  •  
  • ECO 365 Week 5 Theory of Consumer Choice and
    Frontiers of Microeconomics
  • You have been asked to assist your organizations
    marketing department to better understand how
    consumers make economic decisions.
  • Write a 1,050-word analysis that includes the
    following
  •   The impact the theory of consumer choice has
    on
  •   Demand curves

38
ECO 365 Learn/newtonhelp.com
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