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ECN601 WEEK 1 DQ 1& DQ
2 LATEST 2015
DQ 1
The price of gasoline goes up and down quickly, yet consumer
demand for gasoline stays relatively steady. Does this mean the demand for
gasoline is inelastic, or is something else at work? Explain.
DQ 2
Of the factors listed in the textbook that are related to demand,
identify 1 or 2 that were instrumental in your selection of a University in
which to enroll for an MBA. Do you think your decision criteria are typical or
atypical? Explain.
ECN601 WEEK 2 DQ 1& DQ 2 LATEST 2015
DQ 1
Selecting a complete set of independent variables is always an
issue when using regression analysis to estimate demand. For example, analysts
often use price and advertising to estimate quantity demanded. However, how do
they know that these two variables were sufficient? How do we know that we
didn’t omit other variables which would have had a significant impact on
demand? How do we know that we didn’t include variables that were not needed?
Explain how analysts would answer such questions.
DQ 2
Suppose you want to use regression analysis to estimate the
selling price of single family homes in a given neighborhood. You assemble data
on selling price, square footage, number of bedrooms, number of bathrooms, age
of the house, and lot size. Which variable(s) are dependent? Which are
independent? For each independent variable you listed, indicate whether you
would expect the sign of that variable to be positive or negative, and why.
ECN601 WEEK 3 DQ 1& DQ 2 LATEST 2015
DQ 1
Chapter 5 opened with a discussion of the fast food industry.
Identify how the Law of Diminishing Marginal Returns set in for the production
process, and how management responded to this situation.
DQ 2
In the case discussion that opens chapter 6, Steve Jobs indicated
that Apple would continue to assemble iPhones in China, despite the fact that
only a small portion of the cost of an iPhone was labor expense. What was
behind Apple’s decision? Do you agree with it?
ECN601
WEEK 4 DQ 1& DQ 2 LATEST 2015
DQ 1
Public utilities are usually identified as monopolies. With whom
does Arizona Public Service, the electric utility in metro Phoenix, compete?
Are they the only provider in their marketplace?
DQ 2
What market structure does the firm you are currently employed by
represent? Identify the firm and the characteristics of its market that cause
you to classify it as you do
ECN601 WEEK 5 DQ 1& DQ 2 LATEST 2015
DQ 1
Identify a type of price discrimination that you have experienced.
Was it first, second, or third degree? Explain the transaction in sufficient
detail to justify your classification.
DQ 2
What characteristic(s) of oligopoly make their prices and output
levels “sticky?" Does this make the firms more risky or less risky?
ECN601 WEEK 6 DQ 1& DQ 2 LATEST 2015
DQ 1
Do you think the MPC has risen or fallen since the recession of
2008-2009? Explain your reasoning.
DQ 2
The text identified three goals of macroeconomic policy:
1.
Minimize unemployment
2.
Minimize inflation
3.
Maximize economic growth
Obviously, these goals have elements that conflict with one
another. Which do you think we are doing the best job of accomplishing in the
U.S. currently, and which do you think should receive greater priority?
Explain, and cite relevant statistics on the economy’s performance where
possible.
ECN601 WEEK 7 DQ 1& DQ 2 LATEST 2015
DQ 1
In the early stage of her administration, Fed Chair Janet Yellen
focused on maintaining a monetary policy of low interest rates to continue the
Fed’s efforts to stimulate the economy. However, the article assigned indicates
she faces some longer-term challenges. Identify one of these challenges, and
describe what the article said about the interaction between Fed policy and
this issue. What do you think she should do with regard to the issue you
identified?
DQ 2
Economists believe that the current values of the deposit
multiplier and the money multiplier are widely divergent. Why might these
values differ at present? What (if anything) do you think must happen for them
to converge once again?
GC ECN601 WEEK 8 DQ 1& DQ 2
DQ 1
The U.S. has historically low interest rates at present. How would
you predict these would impact the value of the dollar on foreign exchange
markets? How, in turn, would these low interest rates impact our balance of
trade? Explain your answers.
DQ 2
Why would nations favor fixed vs. floating exchange rates for
their currencies? Why do some developing nations have a “fear of the
float?"
assignmenyts
GC ECN601 WEEK 1 BENCHMARK
ASSIGNMENT LATEST 2016 JANUARY
Details:
Complete
the following:
- Chapter
2, Technical Questions 3 and 5 in the textbook.
- Chapter
2, Application Question 2 in the textbook.
- Chapter
3, Technical Question 1 in the textbook.
- Chapter
3, Application Question 1 in the textbook.
Follow
these instructions for completing and submitting your assignment:
- Place
all answers, both numerical and written, in a single excel spreadsheet.
- Place
each problem into a separate tab or sheet in an Excel file.
- Place
labels on spreadsheet inputs and outputs, and use the yellow highlighter
on the top menu bar to highlight your final answer.
- If
the question incorporates graphs, you must replicate the graph on your
spreadsheet file.
- Do
not submit Word files or multiple files for a single assignment.
You
are not required to submit this assignment to Turnitin.
GC
ECN601 WEEK 2 (CHAPTER 4 PROBBLEM) ASSIGNMENT LATEST 2016 JANUARY
Details:
Complete
the following:
- Chapter
4, Technical Question 3 in the textbook.
- Chapter
4, Application Question 3 in the textbook.
- Complete
the "ECN-601 Extended Problem" attached to the assignment. Use
the data provided in "ECN-601 Extended Problem Data" to complete
the problem.
Follow
these instructions for completing and submitting your assignment:
- Place
all answers, both numerical and written, in a single excel spreadsheet.
- Place
each problem into a separate tab or sheet in an Excel file.
- Place
labels on spreadsheet inputs and outputs, and use the yellow highlighter
on the top menu bar to highlight your final answer.
- If
the question incorporates graphs, you must replicate the graph on your
spreadsheet file.
- Do
not submit Word files or multiple files for a single assignment.
You
are not required to submit this assignment to Turnitin.
GC
ECN601 WEEK 3 (CHAPTER 5 & 6PROBBLEM) ASSIGNMENT LATEST 2016 JANUARY
Details:
Complete
the following:
- Chapter
5, Technical Questions 1, 3, and 5 in the textbook.
- Chapter
6, Technical Question 3 in the textbook.
- Chapter
6, Application Question 3 in the textbook.
Follow
these instructions for completing and submitting your assignment:
- Place
all answers, both numerical and written, in a single excel spreadsheet.
- Place
each problem into a separate tab or sheet in an Excel file.
- Place
labels on spreadsheet inputs and outputs, and use the yellow highlighter
on the top menu bar to highlight your final answer.
- If
the question incorporates graphs, you must replicate the graph on your
spreadsheet file.
- Do
not submit Word files or multiple files for a single assignment.
You
are not required to submit this assignment to Turnitin.
GC
ECN601 WEEK 4 (CHAPTER 7 & 8 PROBBLEM) ASSIGNMENT LATEST 2016 JANUARY
Details:
Complete
the following:
- Chapter
7, Technical Questions 3 and 5 in the textbook.
- Chapter
7, Application Questions 3 and 5 in the textbook.
- Chapter
8, Technical Questions 3 and 7 in the textbook.
Follow
these instructions for completing and submitting your assignment:
- Place
all answers, both numerical and written, in a single excel spreadsheet.
- Place
each problem into a separate tab or sheet in an Excel file.
- Place
labels on spreadsheet inputs and outputs, and use the yellow highlighter
on the top menu bar to highlight your final answer.
- If
the question incorporates graphs, you must replicate the graph on your
spreadsheet file.
- Do
not submit Word files or multiple files for a single assignment.
You
are not required to submit this assignment to Turnitin.
GC
ECN601 WEEK 5 (CHAPTER 9 & 10 PROBBLEM) ASSIGNMENT LATEST 2016 JANUARY
Details:
Complete
the following:
- Chapter
9, Technical Questions 1, 3, and 5 in the textbook.
- Chapter
10, Technical Questions 3 and 7 in the textbook.
Follow
these instructions for completing and submitting your assignment:
- Place
all answers, both numerical and written, in a single excel spreadsheet.
- Place
each problem into a separate tab or sheet in an Excel file.
- Place
labels on spreadsheet inputs and outputs, and use the yellow highlighter
on the top menu bar to highlight your final answer.
- If
the question incorporates graphs, you must replicate the graph on your
spreadsheet file.
- Do
not submit Word files or multiple files for a single assignment.
You
are not required to submit this assignment to Turnitin.
GC
ECN601 WEEK 6 (CHAPTER 11 & 12 PROBBLEM) ASSIGNMENT LATEST 2016 JANUARY
Details:
Complete
the following:
- Chapter
11, Technical Question 7 in the textbook.
- Chapter
11, Application Question 3 in the textbook.
- Chapter
12, Technical Questions 3 and 5 in the textbook.
- Chapter
12, Application Question 1 in the textbook.
Your
explanation for Application Question 1 should include (1) the component of GDP
that is affected by each of these changes and (2) whether the change indicated
will raise or lower GDP.
Follow
these instructions for completing and submitting your assignment:
- Place
all answers, both numerical and written, in a single excel spreadsheet.
- Place
each problem into a separate tab or sheet in an Excel file.
- Place
labels on spreadsheet inputs and outputs, and use the yellow highlighter
on the top menu bar to highlight your final answer.
- If
the question incorporates graphs, you must replicate the graph on your
spreadsheet file.
- Do
not submit Word files or multiple files for a single assignment.
You
are not required to submit this assignment to Turnitin.
GC
ECN601 WEEK 7 (CHAPTER 13 & 14PROBBLEM) ASSIGNMENT LATEST 2016 JANUARY
Details:
Complete
the following:
- Chapter
13, Technical Questions 1, 3, and 5 in the textbook.
- Chapter
13, Application Question 1 in the textbook.
- Chapter
14, Application Question 1 in the textbook.
Follow
these instructions for completing and submitting your assignment:
- Place
all answers, both numerical and written, in a single excel spreadsheet.
- Place
each problem into a separate tab or sheet in an Excel file.
- Place
labels on spreadsheet inputs and outputs, and use the yellow highlighter
on the top menu bar to highlight your final answer.
- If
the question incorporates graphs, you must replicate the graph on your
spreadsheet file.
- Do
not submit Word files or multiple files for a single assignment.
You
are not required to submit this assignment to Turnitin.
GC
ECN601 WEEK 8 (CHAPTER 15 & 16 PROBBLEM) ASSIGNMENT LATEST 2016 JANUARY
Details:
Complete
the following:
- Chapter
15, Technical Questions 1 (modified) and 3 in the textbook.
- Chapter
15, Application Question 3 in the textbook.
(Question
1 should read, "Show the effect of dollar appreciation and depreciation
with the yen on the price of U.S. exports and imports by updating Table 15.2.)
Follow
these instructions for completing and submitting your assignment:
- Place
all answers, both numerical and written, in a single excel spreadsheet.
- Place
each problem into a separate tab or sheet in an Excel file.
- Place
labels on spreadsheet inputs and outputs, and use the yellow highlighter
on the top menu bar to highlight your final answer.
- If
the question incorporates graphs, you must replicate the graph on your
spreadsheet file.
- Do
not submit Word files or multiple files for a single assignment.
You
are not required to submit this assignment to Turnitin.
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