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ECO 365 MART EXPECT SUCCESS \ECO365MA

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ECO 365 ENTIRE COURSE

ECO 365 Week 1 Discussion Question 1

ECO 365 Week 1 Discussion Question 2

ECO 365 Week 2 Discussion Question 1

ECO 365 Week 2 Discussion Question 2

ECO 365 Week 2 Individual Assignment Supply and Demand Si


mulation

ECO 365 Week 2 Learning Team Reflection Production and Cost


Analysis

ECO 365 Week 3 Discussion Question 1

ECO 365 Week 3 Discussion Question 2

ECO 365 Week 3 Team Assignment Current Market Conditions C


ompetitive Analysis

ECO 365 Week 3 Learning Team Reflection Summary Market Str


ucture

ECO 365 FINAL EXAM GUIDE (NEW, DEC 20


15)

). The DeBeers company is a profit-maximizing monopolist th


at exercises monopoly power in the distribution of diamonds
. If the company earns positive economic profits this year, th
e price of diamonds will: Exceed the marginal cost of diamo
nds but equal to the average total cost of diamonds. Excee
d both the marginal cost and the average total cost of diamo
nds. Be equal to the marginal cost of diamonds.

ECO 365 FINAL GUIDE

ECO 365 Final Exam Guide


1) An economist who is studying the relationship between th
e money supply, interest rates, and the rate of inflation is en
gaged in
2) A basic difference between microeconomics and macroec
onomics is that microeconomics
3) The distinction between supply and the quantity supplie
d is best made by saying that

ECO 365 WEEK 1 DISCUSSION QUESTIO


N1

What is economics? What role does economics play in your p


ersonal and organizational decisions? Provide an example of
the role of economics in decision making.

ECO 365 WEEK 1 DISCUSSION QUESTIO


N2

Identify a recent purchase in which the price of the product


was an important consideration in the decision-making proc
ess related to purchasing the product. What other factors aff
ected your decision? How important was your income as a fa
ctor? How important was the price of other goods as a factor
?

ECO 365 WEEK 1 INDIVIDUAL ASSIGNMEN


T ARTICLE ANALYSIS

ECO 365 Week 1 Individual Assignment Article Analysis

ECO 365 WEEK 2 DISCUSSION QUESTION 1

What is the law of diminishing marginal productivity? How d


oes the law of diminishing marginal productivity affect the co
st of productions? Provide an example from your workplace.

ECO 365 WEEK 2 DISCUSSION QUESTION


2

Why is the demand of labor a derived demand? What is the r


elationship between productivity and the wages earned by e
mployees where you work or at an organization with which y
ou are familiar? What are some factors that determine the le
vel of your income? Explain your answer.

ECO 365 WEEK 2 INDIVIDUAL ASSIGNME


NT 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 t
he content. Address the following:
Identify two microeconomics and two macroeconomics prin
ciples or concepts from the simulation. Explain why you have
categorized these principles or concepts as macroeconomic
or microeconomic

ECO 365 WEEK 2 LEARNING TEAM REFLECTIO


N PRODUCTION AND COST ANALYSIS

Discuss this weeks objectives with your team. Include the to


pics 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.

ECO 365 WEEK 3 DISCUSSION QUESTION 1

What conditions exist when economic profits are maximized


? What is the difference between economic and accounting p
rofits? What are economic profit-maximizing strategies that
may be made by a perfectly competitive firm, a monopolist fi
rm, and a monopolistic competitive firm? Provide examples
and explain the strategies effectiveness in their respective m
arket structures.

ECO 365 WEEK 3 DISCUSSION QUESTIO


N2

What are some real-life examples of monopolistically compet


itive, oligopoly, and monopoly markets? How do market pric
es differ between perfectly and imperfectly competitive mark
ets? Will a monopoly always produce at a profit-maximizing
output level? Explain your answer.

ECO 365 WEEK 3 LEARNING TEAM REFLEC


TION SUMMARY MARKET STRUCTURE

Discuss this weeks objectives with your team. Include the to


pics 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.

ECO 365 WEEK 3 TEAM ASSIGNMENT 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 p
roduct. The marketing director has asked your team to do a
competitive market analysis to determine the products pote
ntial success. The analysis will focus on your primary compet
itor in the products market.

ECO 365 WEEK 4 DISCUSSION QUESTION 1

What is an externality? Provide at least three examples. How


does one of the examples you provided affect the market ou
tcome? What is the role of government in addressing the imp
lications of an externality you provided as an example? Is it p
ossible that a governments solution to a market failure woul
d worsen the failure? Explain your answer.

ECO 365 WEEK 4 DISCUSSION QUESTION


2

What effect do government intervention, taxation, and regul


ations have on economic behavior? Explain.
What are real-world examples of government intervention, t
axation, and regulations? What are the goals of each?

ECO 365 WEEK 4 INDIVIDUAL ASSIGNMENT DIFFER


ENTIATING BETWEEN MARKET STRUCTURES TABLE

For this assignment, you will choose from the following optio
ns:
Option 1: Differentiating Between Market Structures in Kudl
er
Option 2: Differentiating Between Market Structures in an Or
ganization of Your Choice
Read the instructions in the University of Phoenix Material:
Differentiating Between Market Structureslocated on the stu
dent website and select one option to complete the assignm
ent.

ECO 365 WEEK 5 TEAM ASSIGNMENT COMPETI


TIVE STRATEGIES AND GOVERNMENT POLICIES

Management has recognized the effect of changes in the rea


l-world competitive environment and government policies on
other industries and anticipates similar events occurring in t
heir industry, so they ask you for a report considering the fol
lowing points.
Write 1,400 1,750-word paper of no more than in which yo
u describe how each of the following are or potentially will af
fect your industry or one with which you are familiar:

ECO 365 MART EXPECT SUCCESS \ECO365MA


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