ECO 365 Tutorials ECO 365 Enire Course and Final Guide ECO 365 Entire Course • ECO 365 Enire Course and Final Guide • ECO 365 Week 1 Discussion Question 1ECO 365 Week 1 Discussion Question 2ECO 365 Week 2 Discussion Question 1ECO 365 Week 2 Discussion Question 2ECO 365 Week 2 Individual Assignment Supply and Demand SimulationECO 365 Week 2 Learning Team Reflection Production and Cost AnalysisECO 365 Week 3 Discussion Question 1ECO 365 Week 3 Discussion Question 2
ECO 365 Tutorials ECO 365 Final Exam Guide (New) ECO 365 Final Guide • 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 • ECO 365 Final Exam Guide • 1) An economist who is studying the relationship between the money supply, interest rates, and the rate of inflation is engaged in • 2) A basic difference between microeconomics and macroeconomics is that microeconomics • 3) The distinction between supply and the quantity supplied is best made by saying that
ECO 365 Tutorials ECO 365 Week 1 Discussion Question 1 ECO 365 Week 1 Discussion Question 2 • 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. • 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?
ECO 365 Tutorials ECO 365 Week 2 Discussion Question 1 ECO 365 Week 2 Discussion Question 2 • 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. • 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.
ECO 365 Tutorials ECO 365 Week 2 Individual Assignment Supply and Demand Simulation ECO 365 Week 2 Learning Team Reflection Production and Cost Analysis • 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. • Discuss this week’s objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field.
ECO 365 Tutorials ECO 365 Week 3 Discussion Question 1 ECO 365 Week 3 Discussion Question 2 • Unemployment Rates and Human Capital • Why might an increase of the minimum wage in the United States impact unemployment rates? How might earning a college degree increase lifetime earnings and employability? Relate your answer to elasticity of labor demand. • 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.
ECO 365 Tutorials ECO 365 Week 3 Team Assignment Current Market Conditions Competitive Analysis ECO 365 Week 4 Discussion Question 1 • Imagine you are part of a strategic planning group at a large corporation that is considering developing a new proposed product. • What is an externality? Provide at least three examples. How does one of the examples you provided affect the market outcome?
ECO 365 Tutorials ECO 365 Week 4 Individual Assignment Differentiating Between Market Structures Table ECO 365 Week 4 Learning Team Reflection Public Policy in Economics • 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 • 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. • What is an externality? Provide at least three examples. How does one of the examples you provided affect the market outcome?
ECO 365 Tutorials ECO 365 Week 5 Team Assignment Competitive Strategies and Government Policies • 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.