ECO365 Principles of Microeconomics / (University of Phoenix / eco/365) / "All Assignments and DQs"

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Supply and Demand Simulation

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.

 

·         Identify at least one shift of the supply curve and one shift of the demand curve in the simulation. What causes the shifts?

 

·         For each shift, analyze how it would affect the equilibrium price, quantity, and decision making.

 

·         How may you apply what you learned about supply and demand from the simulation to your workplace or your understanding of a real-world product with which you are familiar?

 

·         How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?

 

·         How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?

 

·         Relating to the simulation, explain how the price elasticity of demand affects a consumer’s purchasing and the firm’s pricing strategy.

 

Format your paper consistent with APA guidelines.

Learning Team Reflection

Production and Cost Analysis

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.

 

Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

Learning Team

Current Market Conditions Competitive Analysis

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 product’s potential success. The analysis will focus on your primary competitor in the product’s market.

 

Select a potential competitive organization and a product in that organization.

 

Write a 1,400 – 1,750-word paper of no more than analyzing the current market conditions. Address the following topics:

 

·         A short history of the organization and a description of their product

 

·         Factors that affect demand, supply, and equilibrium prices in the market in which the competitor organization operates: Define the market for your chosen product, including an analysis of its competitors, potential customers, or potential buyers.

 

·         Any issues or opportunities your organization or industry faces that affect its competitiveness and long-term profitability with regards to your product: This may include, but is not limited, to the following elements.

 

o    Price elasticity of demand

o    Technological innovation

o    The relationship between the amount of labor & capital employed and the law of diminishing marginal productivity

o    Cost structure

 

·         Factors affecting variable costs, including productivity and others that change the supply of and demand for labor

 

·         Factors affecting fixed costs

 

Make recommendations on how your organization can maximize their profit-making potential, and successfully compete in the new market. Consider the effect your recommendations may have on marginal revenues and costs.

 

Format your paper consistent with APA guidelines.

Learning Team Reflection

Market Structure

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.

 

Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

Individual

Differentiating Between Market Structures

For this assignment, you will choose from the following options:

 

o    Option 1: Differentiating Between Market Structures in Kudler

o    Option 2: Differentiating Between Market Structures in an Organization of Your Choice

 

Read the instructions in the University of Phoenix Material: Differentiating Between Market Structures located on the student website and select one option to complete the assignment.

Learning Team Reflection

Public Policy in Economics

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.

 

Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

  

Learning Team

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.

 

Write 1,400 – 1,750-word paper of no more than in which you describe how each of the following are or potentially will affect your industry or one with which you are familiar:

 

·         New companies entering the market, mergers, and globalization, on pricing and the sustainability of profits: Identify the type of merger activity in your industry or one with which you are familiar–horizontal, vertical, or conglomerate–and explain why you made that choice.

 

·         Current and expected government policies and regulations, including taxes and regulations in place to address issues related to externalities

 

·         Global competition on the decisions made by management with regards to change in labor demand, supply, relations, unions, and rules and regulations in your chosen industry

 

Recommend how the industry you chose may respond to each of the previous points.

 

Format your paper consistent with APA guidelines.

Learning Team Reflection

Global Competition

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.

 

Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

 

Week 1 DQ 1

All firms can increase the volume of goods or services sold by cutting prices. But the volume (quantity) of goods or services a firm sells differs from a firm’s revenues (price times quantity). Select your firm or a firm not previously discussed. What good or service does the firm sell? Is the price elasticity of demand elastic or inelastic for that good or service? How should the firm alter the price of the good or service to increase revenues? How much control might the organization have over pricing based on a product's elasticity?

Week 1 DQ 2

Choose an organization not previously selected that has a high fixed cost and low variable cost balance to run its operations. Discuss the balance of fixed and variable costs for the organization. How has the Internet changed this balance for organizations?

Week 3 DQ 1

According to the Federal Housing Finance Agency house price index, U.S. housing prices declined throughout 2008 and 2009. What are two demand determinants and two supply determinants that might explain the broad decline in house prices that occurred in those years? Is the market currently in equilibrium? 

Week 2 DQ 1

Different products have different elasticities. Heart medication, for example, is inelastic and corn is elastic. Find a product that has not already been selected and describe the price elasticity and income elasticity. How much control might an organization have over pricing based on a product's elasticity? Discuss which of the elasticity rules you used to determine your answer.

Week 2 DQ 2

Businesses often decide between using automation and labor in production. An automotive environment may have high fixed costs and low variable costs, and an industry that utilizes manual labor for production will have low fixed costs and high variable costs. In general, how would you describe the balance between the costs of automation, or fixed costs, and the costs of labor, or variable costs? How has technology changed the balance between automation and labor? What type of industry benefits the most from technological innovation?  Please provide specific examples.

Week 3 DQ 2

What marginal costs does University of Phoenix incur in offering one more ECO class? What marginal revenues does University of Phoenix earn from each additional ECO class? How would you expect this marginal analysis to affect the volume of classes University of Phoenix offers? Does University of Phoenix maximize profits?

Week 3 DQ 1

What are the conditions for a perfectly competitive market? What are the conditions for a monopolistic market? What are the conditions for a monopolistic competitive market? What are the conditions for an oligopolistic market? How would you explain the differences among these market structures? Identify which market structure your organization competes in and why you think so.

Week 3 DQ 2

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.

Week 3 DQ 3

Identify an example in which a firm you are familiar with made a strategic decision that was focused on improving the organization’s profitability. How did the market structure in which the firm competes affect the firm’s decision-making? If the market structure was not a factor, how do you believe it should have been incorporated into the strategic decision-making process?

Week 4 DQ 1

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 government’s solution to a market failure would worsen the failure? Explain your answer.

Week 4 DQ 2

What are the differences among horizontal, vertical, and conglomerate mergers? Provide real-world examples of each type of merger. What policy do you think the US should follow toward mergers? Why?

Week 4 DQ 3

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?

Week 5 DQ 1

What are the effects of innovation and technology on the cost of production? How does technology affect market structure and real-world competition? Which market structure is best suited for technological innovation? Explain your answer. How have technological innovations affected your organization?

Week 5 DQ 2

What factors influence a firm’s competitive strategies? How does global economic competition affect the price elasticity of demand in the domestic market and decisions related to the strategy a firm uses to compete? Why do most economists oppose trade restrictions? Who have been the winners and losers as a result of the North American Free Trade Agreement? Explain your answer.

Week 5 DQ 3

How do you define social diversity and business ethics? How has a more diversified labor force affected the corporate structure and economy? What are some potential roadblocks in promoting a diverse workplace? Explain your answer.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    • 7 years ago
    ECO/365 Principles of Microeconomics (Assignments and DQs)
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