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• ECO 365 Final Exam Guide (New, Dec 2015)

• ECO 365 Final Exam Guide 1

• 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

• 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

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• 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?

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• ECO 365 Week 1 Individual Assignment Article
  Analysis

• ECO 365 Week 1 Individual Assignment Economic
  Analysis

• ECO 365 Week 1 Individual Assignment Article
  Analysis

• Prepare a 1,000-1,500 word paper in which you expl
  ain what the difference is between a movement alon
  g and shift of the demand curve.
• Show the impact on the equilibrium price and quant
  ity that results from 
• (1) an increase in demand, (2) an increase in supp
  ly, (3) an increase in both supply and demand. 
• Give an example of the role of supply and demand i
  n decision making.  Post in assignments link.  

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• ECO 365 Week 1 Individual Assignment Economic
  Definitions Worksheet

• ECO 365 Week 1 Individual Assignment Supply and
  Demand Curve Worksheet (2 Sets)

• Write the definition for each of the following
• 1. Law of Demand
• 2. Law of Supply
• 3. Price Elasticity of Demand

• This Tutorial contains 2 sets of Worksheet
• Complete the Supply and Demand Curve worksheet.S
  ubmit through the Assignment tab.
• Answer the following questions
• Write the definition for each of the following
• 1. Law of Demand2. Law of Supply

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• ECO 365 Week 1 Ten Principles of Economics and
  How Markets Work (2 Papers)

• ECO 365 Week 2 Discussion Question 1

• ?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 for all your information

• 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.

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• ECO 365 Week 2 Discussion Question 2

• ECO 365 week 2 Individual Assignment Supply and
  Demand Simulation (Microeconomics and the Laws of
  Supply and Demand ) (3 Papers)

• 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.

• 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.

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

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

• 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.

• Reflect on why some products become substitutes an
  d 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.

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• ECO 365 Week 2 Team Assignment Markets and the
  Economics of the Public Sector (2 Papers)

• ECO 365 Week 2 Team Assignment Product
  Substitution Versus Product Compliment

• ?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.

• ECO 365 Week 2 Team Assignment Substitute vs Compl
  iment

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• ECO 365 Week 3 Current Market Conditions
  Competitive Analysis

• ECO 365 Week 3 Discussion Question 1

• ?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

• 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.

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• ECO 365 Week 3 Discussion Question 2

• ECO 365 Week 3 Learning Team Reflection Summary
  Market Structure

• 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.

• 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

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• ECO 365 week 3 Team Assignment Current Market
  Conditions Competitive Analysis (3 Papers)

• ECO 365 Week 4 Differentiating Between Market
  Structures Paper (New Syllabus),Starbucks

• 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.

• You will apply important microeconomics concepts t
  oward the competitive strategies of an organizatio
  n that operates in an industry of your choice. 
• You will evaluate the differences between market s
  tructures and identify a group of competitive stra
  tegies consistent with the market structure that b
  est aligns with the market in 
• which the organization competes

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• ECO 365 Week 4 Differentiating Between Market
  Structures Presentation (Mayo Clinic)

• ECO 365 Week 4 Differentiating Between Market
  Structures Presentation (New Syllabus),Starbucks

• You will apply important microeconomics concepts t
  oward the competitive strategies of an organizatio
  n that operates in an industry of your choice. 
• You will evaluate the differences between market s
  tructures and identify a group of competitive stra
  tegies consistent with the market structure that b
  est aligns with the market in 
• which the organization competes. 

• You will apply important microeconomics concepts t
  oward the competitive strategies of an organizatio
  n 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 ma
  rket in which the organization 

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

• ECO 365 Week 4 Discussion Question 1

• You will apply important microeconomics concepts t
  oward the competitive strategies of an organizatio
  n that operates in an industry of your choice. You
   will evaluate 
• the differences between market structures and iden
  tify a group of competitive strategies consistent 
  with the market structure that best aligns with th
  e market in which 
• the organization competes

• 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.

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• ECO 365 Week 4 Discussion Question 2

• ECO 365 Week 4 Individual Assignment
  Differentiating Between Market Structures Table

• 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?

• 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

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

• ECO 365 Week 4 Team Assignment Mergers and Joint
  Ventures (2 Papers)

• 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.

• This Tutorial Contains 2 sets of papers 
• Learning Team Assignment  Week 4
• Discuss the differences between horizontal, vertic
  al and conglomerate mergers and how those differ f
  rom a joint venture.
• Introduction 
• Horizontal Mergers 
• Vertical Mergers 
• Conglomerate Mergers 

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• ECO 365 Week 4 Team Assignment The Economics of
  Labor Markets

• ECO 365 Week 5 Team Assignment Competitive
  Strategies and Government Policies (3 Papers)

• ?ECO 365 Week 4 The Economics of Labor Markets
  Select an organization your team is familiar with
  or an organization where a team member works.
  Develop a 15- to 20-slide Microsoft PowerPoint
  presentation to be presented to the CEOs
  executive committee that addresses how your
  chosen organization determines what quantity of
  labor to demand and what events could shift the
  demand and supply of that labor

• 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.

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• ECO 365 week 5 Team Assignment Competitive
  Strategies and Government Policies (PPT)

• ECO 365 Week 5 Theory of Consumer Choice and
  Frontiers of Microeconomics

• Select an organization the team is familiar with a
  nd which has a global presence. 
• Management in the team's organization has recogniz
  ed the effect of changes in the real-world competi
  tive environment and government policies

• ?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
  
• ? Higher wages

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