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FOR MORE CLASSES VISIT www.eco365mart.com 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 _______________. – PowerPoint PPT presentation

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Title: ECO 365 Slingshot Academy / eco365mart.com


1
ECO 365 Slingshot Academy/ eco365mart.com
For More Tutorials
www.eco365mart.com
2
ECO 365 Slingshot Academy/ eco365mart.com
  • 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 Slingshot Academy/ eco365mart.com
  • 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?

4
ECO 365 Slingshot Academy/ eco365mart.com
  • 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.  

5
ECO 365 Slingshot Academy/ eco365mart.com
  • 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

6
ECO 365 Slingshot Academy/ eco365mart.com
  • 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.

7
ECO 365 Slingshot Academy/ eco365mart.com
  • 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.

8
ECO 365 Slingshot Academy/ eco365mart.com
  • 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.

9
ECO 365 Slingshot Academy/ eco365mart.com
  • 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

10
ECO 365 Slingshot Academy/ eco365mart.com
  • 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.

11
ECO 365 Slingshot Academy/ eco365mart.com
  • 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

12
ECO 365 Slingshot Academy/ eco365mart.com
  • 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

13
ECO 365 Slingshot Academy/ eco365mart.com
  • 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 

14
ECO 365 Slingshot Academy/ eco365mart.com
  • 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.

15
ECO 365 Slingshot Academy/ eco365mart.com
  • 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

16
ECO 365 Slingshot Academy/ eco365mart.com
  • 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 

17
ECO 365 Slingshot Academy/ eco365mart.com
  • 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.

18
ECO 365 Slingshot Academy/ eco365mart.com
  • 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

19
ECO 365 Slingshot Academy/ eco365mart.com
For More Tutorials
www.eco365mart.com
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