Title: ECO 365 Slingshot Academy / eco365mart.com
1 ECO 365 Slingshot Academy/ eco365mart.com
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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
3 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?
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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.
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.
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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
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
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