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ECON 545 Course Tutorial

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ECON 545 Entire Course

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• 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

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ECON 545 Week 1 DQ 1 Supply and Demand

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• 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?

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ECON 545 Week 1 DQ 2 Elasticity and the Minimum
Wage

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• 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?

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ECON 545 Week 2 DQ 1 Marginal Analysis

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• 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)?

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ECON 545 Week 2 DQ 2 Controlling Costs

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• 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.
• ?

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ECON 545 Week 3 Course Project 1 Microeconomic
Analysis (Situation C)

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• 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.

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ECON 545 Week 3 DQ 1 Mergers Acquisitions

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• 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."

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ECON 545 Week 4 DQ 1 Current Topic in
Macroeconomics

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• 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.

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ECON 545 Week 4 DQ 2 Healthcare

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• 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?

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ECON 545 Week 5 DQ 1 Trade Deficits

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• 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?

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ECON 545 Week 5 DQ 2 Exchange Rates

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• 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

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ECON 545 Week 6 Course Project 2 Macroeconomic
Analysis (Situation C)

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• 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.

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ECON 545 Week 6 DQ 1 Fiscal Policy

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• 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?

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ECON 545 Week 6 DQ 2 Monetary Policy

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• Normalize the ERD.
• Use Microsoft Access to create the keys and
  relationships between tables for the Huffman
  Trucking Driver Log.
• Explain the level of normalization and explain
  why that level is sufficient. Submit the ERD, the
  explanation, and the final database together.

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ECON 545 Week 7 DQ 1 The Public Sector

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• 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.

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ECON 545 Week 7 DQ 2 Forecasting

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• 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? 

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ECON 545 Week 8 Final Exam (DEVRY)

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• 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.

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ECON 545 Course Tutorial

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