ECON 545 GENIUS Endless Education/econ545genius.com

1. FOR MORE CLASSES VISIT www.econ545genius.com ECON 545 GENIUS Endless Education/econ545genius.com

2. ECON 545 All Weeks Discussion (Devry) FOR MORE CLASSES VISIT www.econ545genius.com 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 DEVRY ECON 545 Week 3 DQ 1 Mergers Acquisitions DEVRY ECON 545 Week 3 DQ 2 Anti-Trust Policy and Microsoft DEVRY ECON 545 Week 4 DQ 1 Macroeconomic News

3. ECON 545 Entire Course + Final Exam (New) FOR MORE CLASSES VISIT www.econ545genius.com 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 ECON 545 Week 3 DQ 2 Antitrust Policy ECON 545 Week 3 Course Project 1 Microeconomic Analysis (Situation C) ECON 545 Week 4 DQ 1 Current Topic in Macroeconomics ECON 545 Week 4 DQ 2 Healthcare

4. ECON 545 Final Exam Set 2 FOR MORE CLASSES VISIT www.econ545genius.com 1. (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 has recently decreased and market supply has recently increased. As manager of the facility, what decisions should you make regarding production levels and pricing for your Widget facility? Remember that supply and demand are about the market supply and market demand, which is bigger than your own company. You are being given data on supply and demand for the whole market and are being asked what effect that

5. ECON 545 Week 1 DQ 1 Supply and Demand FOR MORE CLASSES VISIT www.econ545genius.com 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?

6. ECON 545 Week 1 DQ 2 Elasticity and the Minimum Wage FOR MORE CLASSES VISIT www.econ545genius.com 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?

7. ECON 545 Week 2 DQ 1 Marginal Analysis FOR MORE CLASSES VISIT www.econ545genius.com 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)?

8. ECON 545 Week 2 DQ 2 Controlling Costs FOR MORE CLASSES VISIT www.econ545genius.com 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 are not the only ways to control costs. I'm looking for more creative ways. Maybe you can think of some that your firm is not currently using. Be creative here.

9. ECON 545 Week 2 Quiz FOR MORE CLASSES VISIT www.econ545genius.com 1) Consider the market for ping golf clubs. Suppose the price of memberships at local golf courses increases. Use the line drawing tool to show how this affects the demand for ping golf clubs by drawing a new demand curve. Assume memberships at local golf courses and ping golf clubs are complements. Properly label this line. Instead, suppose the price of tennins rackets decreases. If tennis rackets and goal substitutes, then the demand for ping golf clubs will ……….. 2) State whether each of the following events will result in a movement along the demand curve for McDonald’s Big Mac hamburgers or whether it will cause the curve to shift a) The price of Burger King’s Whopper hamburgers declines. This will cause b) McDonald’s eliminates $1.00 off coupons. This will cause c-d) KFC raises the price of a bucket of fried chicken.

10. ECON 545 Week 3 Course Project 1 Microeconomic Analysis (Situation A) FOR MORE CLASSES VISIT www.econ545genius.com ECON545: Project 1—Microeconomic Analysis 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. Complete the paper on the selected situation as specified below. The completed paper is a professional report and is due in Week 3 (230 points). See the grading rubric at the end of this document. Be sure to use the DeVry library for finding data; avoid questionable sources, such as Wikipedia. The following is a list of the specific required information, research, graphs, and math to be included in each answer regardless of the

11. ECON 545 Week 3 Course Project 1 Microeconomic Analysis (Situation B) FOR MORE CLASSES VISIT www.econ545genius.com ECON545: Project 1—Microeconomic Analysis 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. Complete the paper on the selected situation as specified below. The completed paper is a professional report and is due in Week 3 (230 points). See the grading rubric at the end of this document. Be sure to use the DeVry library for finding data; avoid questionable sources, such as Wikipedia. The following is a list of the specific required information, research, graphs, and math to be included in each answer regardless of the

12. ECON 545 Week 3 Course Project 1 Microeconomic Analysis (Situation C) FOR MORE CLASSES VISIT www.econ545genius.com ECON545: Project 1—Microeconomic Analysis 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. Complete the paper on the selected situation as specified below. The completed paper is a professional report and is due in Week 3 (230 points). See the grading rubric at the end of this document. Be sure to use the DeVry library for finding data; avoid questionable sources, such as Wikipedia.

13. ECON 545 Week 3 Course Project 1 Microeconomic Analysis (Situation D Rajeev, P.F. Chang chain of restaurants ) FOR MORE CLASSES VISIT www.econ545genius.com ECON545: Project 1—Microeconomic Analysis 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. Complete the paper on the selected situation as specified below. The completed paper is a professional report and is due in Week 3 (230 points). See the grading rubric at the end of this document. Be sure to use the DeVry library for finding data; avoid questionable sources, such as Wikipedia. The following is a list of the specific required information, research, graphs, and math to be included in each answer regardless of the

14. ECON 545 Week 3 Course Project 1 Microeconomic Analysis (Situation D Uncle Dan) FOR MORE CLASSES VISIT www.econ545genius.com ECON545: Project 1—Microeconomic Analysis 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. Complete the paper on the selected situation as specified below. The completed paper is a professional report and is due in Week 3 (230 points). See the grading rubric at the end of this document. Be sure to use the DeVry library for finding data; avoid questionable sources, such as Wikipedia. The following is a list of the specific required information, research, graphs, and math to be included in each answer regardless of the

15. ECON 545 Week 3 DQ 1 Mergers Acquisitions FOR MORE CLASSES VISIT www.econ545genius.com 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."

16. ECON 545 Week 3 DQ 2 Antitrust Policy FOR MORE CLASSES VISIT www.econ545genius.com Review and chose a firm of your choice provided by your instructor. Is this firm 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 your chosen firm? Why or why not?

17. ECON 545 Week 4 DQ 1 Current Topic in Macroeconomics FOR MORE CLASSES VISIT www.econ545genius.com 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. Summarize your article for your colleagues and attach a link to your article. Make sure you appropriately refer to the textbook sections that apply to your chosen article.

18. ECON 545 Week 4 DQ 2 Healthcare FOR MORE CLASSES VISIT www.econ545genius.com 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?

19. ECON 545 Week 5 DQ 1 Trade Deficits FOR MORE CLASSES VISIT www.econ545genius.com 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?

20. ECON 545 Week 5 DQ 2 Exchange Rates FOR MORE CLASSES VISIT www.econ545genius.com 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?

21. ECON 545 Week 5 Quiz FOR MORE CLASSES VISIT www.econ545genius.com Suppose that the reserve requirement is 5%. What is the effect on the total checkable deposits in the economy if banks reserves increased by $60 billion? The formula for the simple deposit multiplier is? (Related to Solved Problem # 1) Suppose that simple economy produces only the following goods and services; shoes, hamburgers, shirts and cotton. Further, assume that all of the cotton is used in the production of shirts. Use the information in the following table to calculate Nominal Gross Domestic Product ( NGDP) for 2015. Why might cutting government spending as a fiscal policy be a more difficult policy than the use

22. ECON 545 Week 6 Course Project 2 Macroeconomic Analysis (Situation A) FOR MORE CLASSES VISIT www.econ545genius.com ECON545: Project 2—Macroeconomic Analysis 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. The completed paper is a professional report and is due in Week 6 (260 Points). See the grading rubric at the end of this document. Be sure to use the DeVry library to find data, and avoid questionable sources, such as Wikipedia. Each of the scenarios has a list of Macroeconomic areas you are to address,

23. ECON 545 Week 6 Course Project 2 Macroeconomic Analysis (Situation B) FOR MORE CLASSES VISIT www.econ545genius.com ECON545: Project 2—Macroeconomic Analysis 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. The completed paper is a professional report and is due in Week 6 (260 Points). See the grading rubric at the end of this document. Be sure to use the DeVry library to find data, and avoid questionable sources, such as Wikipedia. Each of the scenarios has a list of Macroeconomic areas you are to address,

24. ECON 545 Week 6 Course Project 2 Macroeconomic Analysis (Situation C) FOR MORE CLASSES VISIT www.econ545genius.com ECON545: Project 2—Macroeconomic Analysis 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. The completed paper is a professional report and is due in Week 6 (260 Points). See the grading rubric at the end of this document. Be sure to use the DeVry library to find data, and avoid questionable sources, such as Wikipedia.

25. ECON 545 Week 6 Course Project 2 Macroeconomic Analysis (Situation D, Uncle Dan) FOR MORE CLASSES VISIT www.econ545genius.com ECON545: Project 2—Macroeconomic Analysis 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. The completed paper is a professional report and is due in Week 6 (260 Points). See the grading rubric at the end of this document. Be sure to use the DeVry library to find data, and avoid questionable sources, such as Wikipedia. Each of the scenarios has a list of Macroeconomic areas you are to address,

26. ECON 545 Week 6 DQ 1 Fiscal Policy FOR MORE CLASSES VISIT www.econ545genius.com 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?

27. ECON 545 Week 6 DQ 2 Monetary Policy FOR MORE CLASSES VISIT www.econ545genius.com 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?

28. ECON 545 Week 7 DQ 1 The Public Sector FOR MORE CLASSES VISIT www.econ545genius.com 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, the airline industry, etc). What other examples can you think of? Using a marginal benefit/marginal cost analysis, support or argue against the intervention.

29. ECON 545 Week 7 DQ 2 Forecasting FOR MORE CLASSES VISIT www.econ545genius.com 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 where the economy is heading in the next 12 months? 

30. ECON 545 Week 8 Final Exam (Devry) FOR MORE CLASSES VISIT www.econ545genius.com 1. Question : (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?Remember that supply and demand are about the market supply and market demand, which is bigger than your own company. You are being given data on supply and demand for the whole market and are being asked what effect that has on you as a small part of that market.

31. FOR MORE CLASSES VISIT www.econ545genius.com ECON 545 GENIUS Endless Education/econ545genius.com