DEVRY ECON 545 Week 1 DQ 1 Supply and DemandDEVRY ECON 545 Week 1 DQ 2 Elasticity and the Minimum WageDEVRY ECON 545 Week 2 DQ 1 Marginal AnalysisDEVRY ECON 545 Week 2 DQ 2 Controlling CostsDEVRY ECON 545 Week 2 Project Part 1DEVRY ECON 545 Week 3 DQ 1...
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
Controlling Costs (graded)
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...
Exercise 1 Answer: Supply demand factors which basically govern consumer and producers responses to fluctuating prices of gasoline are:-
The price of gasoline reflects the producer’s costs and consumers’ willingness to pay. Gasoline prices...
ECON 545 Week 3 DQ 1 Mergers Acquisitions
Anti-Trust Policy and Microsoft (graded)
Is Microsoft a monopoly? In what ways could it be considered a monopoly? What markets are involved? What anti-trust legislation would apply? Is anti-trust legislation “fair” to firms like Microsoft?...
(TCO A) There is a decrease in the cost of labor for producing bicycles.
(4 pts.) What happens to bicycle supply?
(6 pts.) What happens to bicycle demand?
2. (TCO A) Ceteris paribus, Diet Cola Brand X and Diet Cola...
Macroeconomic News (graded)
Scour the national news media (many good sources are available online) for a juicy story in which Chapter 15 or Chapter 16 material is at the heart of the matter. The article does not have to be current. Say what the story is...
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?
Trade Deficits (graded)
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?
Exchange Rates (graded)
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?
Do a little research about foreign exchange traders...
Week 5: The Global Economy – Course Project Part 2
Overview: Project Part 2 (PP2) consists of performing application-oriented exercises wherein the specific economic principles learned in this course are put to practical use. You must translate...
Fiscal Policy (graded)
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?
What fiscal policies are required...
Monetary Policy (graded)
What are the monetary policies required to fight unemployment? What about those required to fight inflation? What are some of the downside risks and potential problems involved when using monetary policy?
What are the monetary...
Week 6: Monetary and Fiscal Policy – You Decide
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Scenario, Your Role, Key Players
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Click on the link to review the scenario, your role and the key players involved in...
(TCO F) The size of the labor force in a community is 800, and 720 of these folks are gainfully employed. In this community, 200 people over the age of 16 do not have a job, and are not looking for work. In addition, 100 people in the...
The Public Sector (graded)
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...
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...