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ECO 365 Entire Course

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ECO 365 Entire Course

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ECO 365 Week 1 Ten Principles of Economics and How Markets Work

 

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.

Identify the fundamental lessons the Ten Principles of Economics teach about:

 

 

 

    • How people make decisions

 

 

    • How people interact

 

 

    • How the economy as a whole works

 

 

 

Explain the following to help the committee members understand how markets work:

 

 

 

    • How society manages its scarce resources and benefits from economic interdependence

 

 

    • Why the demand curve slopes downward and the supply curve slopes upward

 

 

    • Where is the point of equilibrium and what does it determine?

 

 

    • The impact of price controls, taxes, and elasticity on changes in supply, demand and equilibrium prices

 

 

 

Format consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

 

 

 

 

 

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 governor’s next economic conference. Your paper should address the following:

 

 

 

    • Explain why equilibrium of supply and demand is desirable.

 

 

    • Explain the following concepts using the concept of consumer and producer surplus:

       

       

       

       

        • Efficiency of markets

       

       

        • Costs of taxation

       

       

        • Benefits of international trade

       

       

       

       

 

 

    • Discuss how externalities may prevent market equilibrium and the various governments policies used to remedy the inefficiencies in markets caused by externalities.

 

 

    • Analyze the difference between the efficiency of a tax system and the equity of a tax system as it refers to the costs imposed on taxpayers using the benefits principles.

 

 

 

Cite a minimum of 3 peer-reviewed sources, not including your textbook.

Format consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

 

 

 

 

 

ECO 365 Week 3 Current Market Conditions Competitive Analysis

 

You have been given the responsibility of working with your organization’s 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.

Write a 2,100-word analysis of the current market conditions facing your product, making sure that you address the following topics:

 

 

 

    • Define the type of market in which your selected product will compete, along with an analysis of competitors and customers.

 

 

    • Analyze any comparative advantages and international trade opportunities.

 

 

    • Explain the factors that will affect demand, supply, and prices of that product.

 

 

    • Examine factors that will affect Total Revenue, including but not limited to:

 

 

    • Price elasticity of demand

 

 

    • Factors that influence productivity

 

 

    • Various measures of costs, including opportunity costs

 

 

    • Externalities and government public policy and their effect on marginal revenue and marginal cost

 

 

    • Recommend how your organization can maximize their profit-making potential and increase their presence within the market served by the product.

 

 

 

Use a minimum of 3 peer-reviewed sources from the University Library.

Format your paper consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

ECO 365 Entire Course https://zh.scribd.com/document/343514565/Uop-Tutorial ECO 365 Week 1 Ten Principles of Economics and How Markets Work As part of a marketing research committee for your organization, you have been assigned the task of prep
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