| Syllabus School of Business ECO/365 Version 4 Principles of Microeconomics | Copyright © 2011, 2008, 2007, 2006 by University of Phoenix. All rights reserved. Course Description This course provides students with the basic theories, concepts, terminology, and uses of microeconomics. Students learn practical applications for microeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic events. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor …show more content…
2.5 Analyze the relationship between productivity and the cost of production. 2.6 Analyze the effect of changes in the supply of and demand for factors of production on the price of inputs. 2.7 Analyze the effect of changes in marginal revenues and costs on a firm’s profit-making potential. | | | Reading | Read Ch. 12 of Economics. | | | Reading | Read Ch. 13 of Economics. | | | Reading | Read Ch. 19 of Economics. | | | Reading | Read Ch. 19W of Economics. | | | Reading | Read Ch. 20 of Economics. | | | Discussion Questions | Respond to weekly discussion questions.To earn full credit for DQ participation you must post 2 or more posts on EACH of 4 or more days excluding the weekly summary | DQ#1 due by 5/23; DQ#2 by 5/25 | 1.5 | Weekly summary | Each weeks’ summary should reflect how the weeks content could be applied to your place of work, prior place of work, your personal economic decisions, or some current event in the news. Please do NOT just make it a long list of textbook topics | 5/27 | 0.5 | Individual 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.
In the previous chapter, we discussed the economic theory of production. Comprehending production theory (the relationship between inputs and output) is a necessary prerequisite to understanding cost theory (the relationship between production and costs). As we noted in the previous chapter, costs are derived from production activities. As worker productivity increases, for example, unit costs decrease.
Write a paper in no more than 1,750 words discussing your recommendation. Your paper must include a review of the cash conversion cycle for Lawrence Sports Simulation and its importance to their working capital management. Develop and explain your recommendation as fully as possible.
During the scanning step of the hacking attack process, you identified known software vulnerabilities in a Windows XP Professional Workstation. List the name and number of the critical Microsoft® vulnerabilities identified. What is vulnerability
Identify economic factors that affect the real GDP, the unemployment rate, the inflation rate, and a key interest rate. How do you predict the economy will perform in the next two years given the current state of two of the economic factors you identified? How might your organization be affected by these changes?
The purpose of this project is to tie together the various topics in microeconomics that are discussed during the semester. The project involves an analysis of a particular product or service, a company that produces the product, the industry that produces the product, and an industry that produces a raw material or input used in the production of the product you choose to analyze. Choose any final good or service (no basic commodities, although this could come in the analysis of an input market). Use this as an opportunity to gain knowledge about the economics of a product or service that interests you.
Fill in the matrix below and describe how changes in price or quantity of the goods and services affect either supply or demand and the equilibrium price. Use the graphs from your book and the Tomlinson video tutorials as a tool to help you answer questions about the changes in price and quantity
Fill in the matrix below and describe how changes in price or quantity of the goods and services affect either supply or demand and the equilibrium price. Use the graphs from your book and the Tomlinson video tutorials as a tool to help you answer questions about the changes in price and quantity
The Saturn Corporation (once a division of GM) was permanently closed in 2009. What went wrong with Saturn?
Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents:
17) Suppose the money multiplier in the U.S. is 3. Suppose further that if the Federal Reserve changes the discount rate by 1 percentage point, banks change their reserves by 300. To increase the money supply by 2700 the Federal Reserve should
This paper was prepared for ECN 150, Introduction to Microeconomics, Module 2 Homework Assignment taught by Nikki Follis.
(a) Explain the impact of external costs and external benefits on resource allocation; (2.5 marks)
This is an individual test and while it is expected that you may consult notes, etc, the final work shown should be your work alone. Your signature below will be taken as fulfilling the usual declaration that what is shown on the following pages is your own work and not the work of others.