Unit 1 - Individual Project - Introduction to
Macroeconomic Theory
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Assignment Details
Assignment Description
Weekly tasks or assignments (Individual or Group Projects)
will be due by Monday and late submissions will be assigned a late penalty in
accordance with the late penalty
policy found in the syllabus. NOTE: All submission posting
times are based on midnight Central Time.
In economics, they say a picture is worth a thousand words.
Below, you will find two scenarios. Your assignment is to discuss the situation
by writing the solutions, and then
show the solutions and how you got here in one or more
graphs or flowcharts.
Scenario One
Supply and demand are foundational concepts in understanding
economic theory. Whether you are a coffee drinker or not, you have been tasked
to examine the impact of
supply and demand when dealing with the coffee retail
industry. A few companies probably come to mind. Pick a major coffee retailer,
and then contemplate what has been
happening to both the supply and demand for this product.
Next, analyze the following scenario that deals with what
happened in the coffee industry at the beginning of the last decade:
In the early part of the last decade, there was an overproduction
of coffee. The price dropped so low that producers' costs were higher than the
market price. The reason this
happened was that market prices became high before this, and
the supply of coffee increased substantially. In the meantime, demand for coffee
and everything else remained
the same.
Coffee prices, as a supply input, went down. In the
meantime, gourmet coffee houses began appearing, which began charging a premium
for coffee in the period of decreasing
prices. Gourmet coffee houses tend to open in high-rent
areas and cater to higher income consumers. Because of the change they created
for taste and preferences and the
higher income market, the gourmet coffee houses had a
win-win in a period of falling wholesale prices and increasing retail prices.
Explain the changes in the supply and demand creating a
supply and demand curve based on the above information.
In this graph, be sure to demonstrate how these changes
affected the price and quantity levels of supply and demand.
Based on this analysis, how were coffee retailers faring in
the marketplace?
Scenario Two
In this next scenario, start your discussion by examining
the differences between the definitions of the macroeconomics and
microeconomics. Next, discuss how the
concepts of supply and demand relate to (1) microeconomics
and (2) macroeconomics.
For you to demonstrate understanding of supply and demand
from the perspective of microeconomics versus macroeconomics, pick 2 of the 10
scenarios below and discuss
the following questions:
Is the scenario a macroeconomic or microeconomic example of
supply and demand?
Is this impacting supply or demand?
Is this example going to experience a shift or a movement of
supply or demand?
As a result of this change, what happened to equilibrium
price and quantity?
The 10 examples for you to consider are as follows:
1. After Hurricane Katrina, what happened to the price of
fish?
2. After the development of the microchip, what happened to
the price of computers?
3. After the government raised tariffs on imported cheese,
what happened to the price of domestic cheese?
4. Polyester suits have become trendy again. What happens to
their price?
5. Internet auction sites are becoming more popular, and
people are using them more and more.
6. A new health report came out that said red wine lowers
cholesterol.
7. The government raises taxes.
8. Inflation increases.
9. Immigration laws are relaxed.
10. The government increases spending.
Please submit your assignment.
For assistance with your assignment, please use your text, Web
resources, and all course materials.
Reading Assignment
Macroeconomics, chapters 1, 3, 6, 9
Click intellipath video to watch a video on Getting Started
in Intellipath.
Click intellipath_Suggestions
Click intellipath for Student Tips about the Intellipath
assignment.
Click intellipath for Frequently Asked Questions about the
intellipath assignment.
Assignment Objectives
<p>Explain concepts of supply and demand</p>
<p>Describe the concept of macroeconomic
equilibrium</p>
<p>Discuss how aggregate demand and aggregate supply
determine equilibrium price and output in the short-run and long-run.</p>
Other Information
There is no additional information to display at this time.
Legend
Extra Credit View Assignment Rubric
Assignment Details
Assignment Description
Weekly tasks or assignments (Individual or Group Projects)
will be due by Monday and late submissions will be assigned a late penalty in
accordance with the late penalty
policy found in the syllabus. NOTE: All submission posting
times are based on midnight Central Time.
In economics, they say a picture is worth a thousand words.
Below, you will find two scenarios. Your assignment is to discuss the situation
by writing the solutions, and then
show the solutions and how you got here in one or more graphs
or flowcharts.
Scenario One
Supply and demand are foundational concepts in understanding
economic theory. Whether you are a coffee drinker or not, you have been tasked
to examine the impact of
supply and demand when dealing with the coffee retail industry.
A few companies probably come to mind. Pick a major coffee retailer, and then
contemplate what has been
happening to both the supply and demand for this product.
Next, analyze the following scenario that deals with what
happened in the coffee industry at the beginning of the last decade:
In the early part of the last decade, there was an
overproduction of coffee. The price dropped so low that producers' costs were
higher than the market price. The reason this
happened was that market prices became high before this, and
the supply of coffee increased substantially. In the meantime, demand for
coffee and everything else remained
the same.
Coffee prices, as a supply input, went down. In the
meantime, gourmet coffee houses began appearing, which began charging a premium
for coffee in the period of decreasing
prices. Gourmet coffee houses tend to open in high-rent
areas and cater to higher income consumers. Because of the change they created
for taste and preferences and the
higher income market, the gourmet coffee houses had a
win-win in a period of falling wholesale prices and increasing retail prices.
Explain the changes in the supply and demand creating a
supply and demand curve based on the above information.
In this graph, be sure to demonstrate how these changes
affected the price and quantity levels of supply and demand.
Based on this analysis, how were coffee retailers faring in
the marketplace?
Scenario Two
In this next scenario, start your discussion by examining
the differences between the definitions of the macroeconomics and
microeconomics. Next, discuss how the
concepts of supply and demand relate to (1) microeconomics
and (2) macroeconomics.
For you to demonstrate understanding of supply and demand
from the perspective of microeconomics versus macroeconomics, pick 2 of the 10
scenarios below and discuss
the following questions:
Is the scenario a macroeconomic or microeconomic example of
supply and demand?
Is this impacting supply or demand?
Is this example going to experience a shift or a movement of
supply or demand?
As a result of this change, what happened to equilibrium
price and quantity?
The 10 examples for you to consider are as follows:
1. After Hurricane Katrina, what happened to the price of
fish?
2. After the development of the microchip, what happened to
the price of computers?
3. After the government raised tariffs on imported cheese,
what happened to the price of domestic cheese?
4. Polyester suits have become trendy again. What happens to
their price?
5. Internet auction sites are becoming more popular, and
people are using them more and more.
6. A new health report came out that said red wine lowers
cholesterol.
7. The government raises taxes.
8. Inflation increases.
9. Immigration laws are relaxed.
10. The government increases spending.
Please submit your assignment.
For assistance with your assignment, please use your text,
Web resources, and all course materials.
Reading Assignment
Macroeconomics, chapters 1, 3, 6, 9
Click intellipath video to watch a video on Getting Started
in Intellipath.
Click intellipath_Suggestions
Click intellipath for Student Tips about the Intellipath
assignment.
Click intellipath for Frequently Asked Questions about the
intellipath assignment.
Assignment Objectives
<p>Explain concepts of supply and demand</p>
<p>Describe the concept of macroeconomic
equilibrium</p>
<p>Discuss how aggregate demand and aggregate supply
determine equilibrium price and output in the short-run and long-run.</p>
Other Information
There is no additional information to display at this time.
Legend
Extra Credit View Assignment Rubric
Assignment Overview
Type: Individual Project
Unit: Introduction to Macroeconomic Theory
Due Date: Mon, 2/22/16
Grading Type: Numeric
Points Possible: 100
Points Earned: 0
Deliverable Length: 500–700 words + graphs
Go To:
Assignment Details
Scenario
Learning Materials
Reading Assignment
My Work:
Online Deliverables: Submissions
Unit 1 - Individual Project
Assignment Details
Assignment Description
Weekly tasks or assignments (Individual or Group Projects)
will be due by Monday and late submissions will be assigned a late penalty in
accordance with the late penalty
policy found in the syllabus. NOTE: All submission posting
times are based on midnight Central Time.
In economics, they say a picture is worth a thousand words.
Below, you will find two scenarios. Your assignment is to discuss the situation
by writing the solutions, and then
show the solutions and how you got here in one or more
graphs or flowcharts.
Scenario One
Supply and demand are foundational concepts in understanding
economic theory. Whether you are a coffee drinker or not, you have been tasked
to examine the impact of
supply and demand when dealing with the coffee retail
industry. A few companies probably come to mind. Pick a major coffee retailer,
and then contemplate what has been
happening to both the supply and demand for this product.
Next, analyze the following scenario that deals with what
happened in the coffee industry at the beginning of the last decade:
In the early part of the last decade, there was an
overproduction of coffee. The price dropped so low that producers' costs were
higher than the market price. The reason this
happened was that market prices became high before this, and
the supply of coffee increased substantially. In the meantime, demand for
coffee and everything else remained
the same.
Coffee prices, as a supply input, went down. In the
meantime, gourmet coffee houses began appearing, which began charging a premium
for coffee in the period of decreasing
prices. Gourmet coffee houses tend to open in high-rent
areas and cater to higher income consumers. Because of the change they created
for taste and preferences and the
higher income market, the gourmet coffee houses had a
win-win in a period of falling wholesale prices and increasing retail prices.
Explain the changes in the supply and demand creating a
supply and demand curve based on the above information.
In this graph, be sure to demonstrate how these changes
affected the price and quantity levels of supply and demand.
Based on this analysis, how were coffee retailers faring in
the marketplace?
Scenario Two
In this next scenario, start your discussion by examining
the differences between the definitions of the macroeconomics and
microeconomics. Next, discuss how the
concepts of supply and demand relate to (1) microeconomics
and (2) macroeconomics.
For you to demonstrate understanding of supply and demand
from the perspective of microeconomics versus macroeconomics, pick 2 of the 10
scenarios below and discuss
the following questions:
Is the scenario a macroeconomic or microeconomic example of
supply and demand?
Is this impacting supply or demand?
Is this example going to experience a shift or a movement of
supply or demand?
As a result of this change, what happened to equilibrium
price and quantity?
The 10 examples for you to consider are as follows:
1. After Hurricane Katrina, what happened to the price of
fish?
2. After the development of the microchip, what happened to
the price of computers?
3. After the government raised tariffs on imported cheese,
what happened to the price of domestic cheese?
4. Polyester suits have become trendy again. What happens to
their price?
5. Internet auction sites are becoming more popular, and
people are using them more and more.
6. A new health report came out that said red wine lowers
cholesterol.
7. The government raises taxes.
8. Inflation increases.
9. Immigration laws are relaxed.
10. The government increases spending.
Please submit your assignment.
For assistance with your assignment, please use your text,
Web resources, and all course materials.
Reading Assignment
Macroeconomics, chapters 1, 3, 6, 9
Click intellipath video to watch a video on Getting Started
in Intellipath.
Click intellipath_Suggestions
Click intellipath for Student Tips about the Intellipath
assignment.
Click intellipath for Frequently Asked Questions about the
intellipath assignment.
Assignment Objectives
<p>Explain concepts of supply and demand</p>
<p>Describe the concept of macroeconomic equilibrium</p>
<p>Discuss how aggregate demand and aggregate supply
determine equilibrium price and output in the short-run and long-run.</p>
Other Information
There is no additional information to display at this time.
Legend
Extra Credit View Assignment Rubric
Assignment Details
Assignment Description
Weekly tasks or assignments (Individual or Group Projects)
will be due by Monday and late submissions will be assigned a late penalty in
accordance with the late penalty
policy found in the syllabus. NOTE: All submission posting
times are based on midnight Central Time.
In economics, they say a picture is worth a thousand words.
Below, you will find two scenarios. Your assignment is to discuss the situation
by writing the solutions, and then
show the solutions and how you got here in one or more
graphs or flowcharts.
Scenario One
Supply and demand are foundational concepts in understanding
economic theory. Whether you are a coffee drinker or not, you have been tasked
to examine the impact of
supply and demand when dealing with the coffee retail
industry. A few companies probably come to mind. Pick a major coffee retailer,
and then contemplate what has been
happening to both the supply and demand for this product.
Next, analyze the following scenario that deals with what
happened in the coffee industry at the beginning of the last decade:
In the early part of the last decade, there was an
overproduction of coffee. The price dropped so low that producers' costs were
higher than the market price. The reason this
happened was that market prices became high before this, and
the supply of coffee increased substantially. In the meantime, demand for
coffee and everything else remained
the same.
Coffee prices, as a supply input, went down. In the
meantime, gourmet coffee houses began appearing, which began charging a premium
for coffee in the period of decreasing
prices. Gourmet coffee houses tend to open in high-rent
areas and cater to higher income consumers. Because of the change they created
for taste and preferences and the
higher income market, the gourmet coffee houses had a
win-win in a period of falling wholesale prices and increasing retail prices.
Explain the changes in the supply and demand creating a
supply and demand curve based on the above information.
In this graph, be sure to demonstrate how these changes
affected the price and quantity levels of supply and demand.
Based on this analysis, how were coffee retailers faring in
the marketplace?
Scenario Two
In this next scenario, start your discussion by examining
the differences between the definitions of the macroeconomics and
microeconomics. Next, discuss how the
concepts of supply and demand relate to (1) microeconomics
and (2) macroeconomics.
For you to demonstrate understanding of supply and demand
from the perspective of microeconomics versus macroeconomics, pick 2 of the 10
scenarios below and discuss
the following questions:
Is the scenario a macroeconomic or microeconomic example of
supply and demand?
Is this impacting supply or demand?
Is this example going to experience a shift or a movement of
supply or demand?
As a result of this change, what happened to equilibrium
price and quantity?
The 10 examples for you to consider are as follows:
1. After Hurricane Katrina, what happened to the price of
fish?
2. After the development of the microchip, what happened to
the price of computers?
3. After the government raised tariffs on imported cheese,
what happened to the price of domestic cheese?
4. Polyester suits have become trendy again. What happens to
their price?
5. Internet auction sites are becoming more popular, and
people are using them more and more.
6. A new health report came out that said red wine lowers
cholesterol.
7. The government raises taxes.
8. Inflation increases.
9. Immigration laws are relaxed.
10. The government increases spending.
Please submit your assignment.
For assistance with your assignment, please use your text,
Web resources, and all course materials.
Reading Assignment
Macroeconomics, chapters 1, 3, 6, 9
Click intellipath video to watch a video on Getting Started
in Intellipath.
Click intellipath_Suggestions
Click intellipath for Student Tips about the Intellipath
assignment.
Click intellipath for Frequently Asked Questions about the
intellipath assignment.
Assignment Objectives
<p>Explain concepts of supply and demand</p>
<p>Describe the concept of macroeconomic
equilibrium</p>
<p>Discuss how aggregate demand and aggregate supply
determine equilibrium price and output in the short-run and long-run.</p>
Other Information
There is no additional information to display at this time.
Legend
Extra Credit View Assignment Rubric
Assignment Overview
Type: Individual Project
Unit: Introduction to Macroeconomic Theory
Due Date: Mon, 2/22/16
Grading Type: Numeric
Points Possible: 100
Points Earned: 0
Deliverable Length: 500–700 words + graphs
Go To:
Assignment Details
Scenario
Learning Materials
Reading Assignment
My Work:
Online Deliverables: Submissions
12:30 AM (CST)
Unit 1 - Individual Project
Assignment Details
Assignment Description
Weekly tasks or assignments (Individual or Group Projects)
will be due by Monday and late submissions will be assigned a late penalty in
accordance with the late penalty
policy found in the syllabus. NOTE: All submission posting
times are based on midnight Central Time.
In economics, they say a picture is worth a thousand words.
Below, you will find two scenarios. Your assignment is to discuss the situation
by writing the solutions, and then
show the solutions and how you got here in one or more
graphs or flowcharts.
Scenario One
Supply and demand are foundational concepts in understanding
economic theory. Whether you are a coffee drinker or not, you have been tasked
to examine the impact of
supply and demand when dealing with the coffee retail
industry. A few companies probably come to mind. Pick a major coffee retailer,
and then contemplate what has been
happening to both the supply and demand for this product.
Next, analyze the following scenario that deals with what
happened in the coffee industry at the beginning of the last decade:
In the early part of the last decade, there was an
overproduction of coffee. The price dropped so low that producers' costs were
higher than the market price. The reason this
happened was that market prices became high before this, and
the supply of coffee increased substantially. In the meantime, demand for
coffee and everything else remained
the same.
Coffee prices, as a supply input, went down. In the
meantime, gourmet coffee houses began appearing, which began charging a premium
for coffee in the period of decreasing
prices. Gourmet coffee houses tend to open in high-rent
areas and cater to higher income consumers. Because of the change they created
for taste and preferences and the
higher income market, the gourmet coffee houses had a
win-win in a period of falling wholesale prices and increasing retail prices.
Explain the changes in the supply and demand creating a
supply and demand curve based on the above information.
In this graph, be sure to demonstrate how these changes
affected the price and quantity levels of supply and demand.
Based on this analysis, how were coffee retailers faring in
the marketplace?
Scenario Two
In this next scenario, start your discussion by examining the
differences between the definitions of the macroeconomics and microeconomics.
Next, discuss how the
concepts of supply and demand relate to (1) microeconomics
and (2) macroeconomics.
For you to demonstrate understanding of supply and demand
from the perspective of microeconomics versus macroeconomics, pick 2 of the 10
scenarios below and discuss
the following questions:
Is the scenario a macroeconomic or microeconomic example of
supply and demand?
Is this impacting supply or demand?
Is this example going to experience a shift or a movement of
supply or demand?
As a result of this change, what happened to equilibrium
price and quantity?
The 10 examples for you to consider are as follows:
1. After Hurricane Katrina, what happened to the price of
fish?
2. After the development of the microchip, what happened to
the price of computers?
3. After the government raised tariffs on imported cheese,
what happened to the price of domestic cheese?
4. Polyester suits have become trendy again. What happens to
their price?
5. Internet auction sites are becoming more popular, and
people are using them more and more.
6. A new health report came out that said red wine lowers
cholesterol.
7. The government raises taxes.
8. Inflation increases.
9. Immigration laws are relaxed.
10. The government increases spending.
Please submit your assignment.
For assistance with your assignment, please use your text,
Web resources, and all course materials.
Reading Assignment
Macroeconomics, chapters 1, 3, 6, 9
Click intellipath video to watch a video on Getting Started
in Intellipath.
Click intellipath_Suggestions
Click intellipath for Student Tips about the Intellipath
assignment.
Click intellipath for Frequently Asked Questions about the
intellipath assignment.
Assignment Objectives
<p>Explain concepts of supply and demand</p>
<p>Describe the concept of macroeconomic
equilibrium</p>
<p>Discuss how aggregate demand and aggregate supply
determine equilibrium price and output in the short-run and long-run.</p>
Other Information
There is no additional information to display at this time.
Legend
Extra Credit View Assignment Rubric
Assignment Details
Assignment Description
Weekly tasks or assignments (Individual or Group Projects)
will be due by Monday and late submissions will be assigned a late penalty in
accordance with the late penalty
policy found in the syllabus. NOTE: All submission posting
times are based on midnight Central Time.
In economics, they say a picture is worth a thousand words.
Below, you will find two scenarios. Your assignment is to discuss the situation
by writing the solutions, and then
show the solutions and how you got here in one or more
graphs or flowcharts.
Scenario One
Supply and demand are foundational concepts in understanding
economic theory. Whether you are a coffee drinker or not, you have been tasked
to examine the impact of
supply and demand when dealing with the coffee retail
industry. A few companies probably come to mind. Pick a major coffee retailer,
and then contemplate what has been
happening to both the supply and demand for this product.
Next, analyze the following scenario that deals with what
happened in the coffee industry at the beginning of the last decade:
In the early part of the last decade, there was an
overproduction of coffee. The price dropped so low that producers' costs were
higher than the market price. The reason this
happened was that market prices became high before this, and
the supply of coffee increased substantially. In the meantime, demand for
coffee and everything else remained
the same.
Coffee prices, as a supply input, went down. In the
meantime, gourmet coffee houses began appearing, which began charging a premium
for coffee in the period of decreasing
prices. Gourmet coffee houses tend to open in high-rent
areas and cater to higher income consumers. Because of the change they created
for taste and preferences and the
higher income market, the gourmet coffee houses had a
win-win in a period of falling wholesale prices and increasing retail prices.
Explain the changes in the supply and demand creating a
supply and demand curve based on the above information.
In this graph, be sure to demonstrate how these changes
affected the price and quantity levels of supply and demand.
Based on this analysis, how were coffee retailers faring in
the marketplace?
Scenario Two
In this next scenario, start your discussion by examining
the differences between the definitions of the macroeconomics and
microeconomics. Next, discuss how the
concepts of supply and demand relate to (1) microeconomics
and (2) macroeconomics.
For you to demonstrate understanding of supply and demand
from the perspective of microeconomics versus macroeconomics, pick 2 of the 10
scenarios below and discuss
the following questions:
Is the scenario a macroeconomic or microeconomic example of
supply and demand?
Is this impacting supply or demand?
Is this example going to experience a shift or a movement of
supply or demand?
As a result of this change, what happened to equilibrium
price and quantity?
The 10 examples for you to consider are as follows:
1. After Hurricane Katrina, what happened to the price of
fish?
2. After the development of the microchip, what happened to
the price of computers?
3. After the government raised tariffs on imported cheese,
what happened to the price of domestic cheese?
4. Polyester suits have become trendy again. What happens to
their price?
5. Internet auction sites are becoming more popular, and
people are using them more and more.
6. A new health report came out that said red wine lowers cholesterol.
7. The government raises taxes.
8. Inflation increases.
9. Immigration laws are relaxed.
10. The government increases spending.
Please submit your assignment.
For assistance with your assignment, please use your text,
Web resources, and all course materials.
Reading Assignment
Macroeconomics, chapters 1, 3, 6, 9
Click intellipath video to watch a video on Getting Started
in Intellipath.
Click intellipath_Suggestions
Click intellipath for Student Tips about the Intellipath
assignment.
Click intellipath for Frequently Asked Questions about the
intellipath assignment.
Assignment Objectives
<p>Explain concepts of supply and demand</p>
<p>Describe the concept of macroeconomic
equilibrium</p>
<p>Discuss how aggregate demand and aggregate supply
determine equilibrium price and output in the short-run and long-run.</p>
Other Information
There is no additional information to display at this time.
Legend
Extra Credit View Assignment Rubric
Assignment Overview
Type: Individual Project
Unit: Introduction to Macroeconomic Theory
Due Date: Mon, 2/22/16
Grading Type: Numeric
Points Possible: 100
Points Earned: 0
Deliverable Length: 500–700 words + graphs
Go To:
Assignment Details
Scenario
Learning Materials
Reading Assignment
My Work:
Online Deliverables: Submissions
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