ECON 545 Devry Course Tutorial - econ545dotcom

1. ECON 545 ASH COURSE TUTORIAL-econ545dotcom

2. ECON 545 ASH Course Tutorial ECON 545 All Weeks Discussion (Devry) ECON 545 Entire Course + Final Exam (New) 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 ECON 545 Week 2 DQ 2 Controlling Costs ECON 545 Week 3 DQ 1 Mergers Acquisitions • DEVRY ECON 545 Week 1 DQ 1 Supply and Demand • DEVRY ECON 545 Week 1 DQ 2 Elasticity and the Minimum Wage • DEVRY ECON 545 Week 2 DQ 1 Marginal Analysis • DEVRY ECON 545 Week 2 DQ 2 Controlling Costs

3. ECON 545 ASH Course Tutorial ECON 545 Week 1 DQ 1 Supply and Demand ECON 545 Week 2 DQ 1 Marginal Analysis Why is marginal analysis important in economics? How do the tutorials Basics of Marginal Analysis and Understanding and Applying Marginal Analysis at the end of this week's lecturereinforce the concepts of marginal analysis? How can any firm find the right production level which guarantees maximum profit (or minimum loss)? • What is the difference between a change in demand versus a change in quantity demanded? A change in supply versus a change in quantity supplied? Why is it so important to differentiate between these similar-sounding terms?

4. ECON 545 ASH Course Tutorial ECON 545 Week 3 Course Project 1 Microeconomic Analysis (Situation C) ECON 545 Week 3 DQ 1 Mergers Acquisitions Have you ever been involved in a merger or acquisition? If so, tell us about your experiences. If not, comment on this week's tutorial, "The Private Sector." • The Microeconomic Paper tests your ability to apply economic principles to a business decision. Select one situation from the items outlined below: A to D.

5. ECON 545 ASH Course Tutorial ECON 545 Week 4 DQ 1 Current Topic in Macroeconomics ECON 545 Week 5 DQ 1 Trade Deficits 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? • Scour the national media for a credible macroeconomic current issue (many good sources are available online) in which Chapters 19-21 is at the heart of the matter.

6. ECON 545 ASH Course Tutorial ECON 545 Week 6 Course Project 2 Macroeconomic Analysis (Situation C) ECON 545 Week 6 DQ 1 Fiscal Policy 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? • The Macroeconomic Paper tests your ability to apply economic principles to a business decision considering the impact of macroeconomic variables. Select one situation from the items outlined below: A to D. Complete the paper on the selected situation as specified below.

7. ECON 545 ASH Course Tutorial ECON 545 Week 7 DQ 1 The Public Sector ECON 545 Week 7 DQ 2 Forecasting 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 macro economy. • 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. Chrysler, tariffs on Japanese luxury cars

8. ECON 545 ASH Course Tutorial ECON 545 Week 8 Final Exam (Devry) ECON 545 Week 1 DQ 2 Elasticity and the Minimum Wage What are your thoughts about minimum wage legislation? What kind of a price-control policy is this? Who gains? Who loses? Are there alternatives to this legislation for achieving the same policy objectives? What role do demand and supply elasticities play in determining outcomes? • :(TCO A) Suppose you are hired to manage a small manufacturing facility that produces Widgets.(a.) (15 points) You know from data collected on the Widget Market that market demand and market supply have both increased recently. As manager of the facility, what decisions should you make regarding production levels and pricing for your Widget facility?

9. ECON 545 ASH Course Tutorial ECON 545 Week 6 Knowledge Check (Quiz) ECON 545 Week 6 Team Assignment (Final), (Apple) Resources: The data compiled from the University of Phoenix Material – Big Drive Auto in Week Four (or the material from your own organization in which you faculty member has approved) • Write a 700- to 1,050- word paper addressing the following issues in the context of the scenario: o Identify and justify the macroeconomic measures of output and prices which you have selected for Big Drive Auto’s planning. • If the demand is QD = 100 – 10P and there is a $1 price increase, then the elasticity of demand at p = 2 is • 2. If the absolute value of a demand elasticity is less than 1, then • 3. If the cross-price elasticity is negative, then the two goods are • 4. Under perfect competition, a firm maximizes its profit by setting • 5. In a large city, a good, real-world example for perfect competition would be

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