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GC ECN601 WEEK 1 DQ 1&
DQ 2 LATEST
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.
GC ECN601 WEEK 2 DQ 1&
DQ 2 LATEST
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.
GC ECN601 WEEK 3 DQ 1&
DQ 2 LATEST
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?
GC ECN601 WEEK 4 DQ 1&
DQ 2 LATEST
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
GC ECN601 WEEK 5 DQ 1&
DQ 2 LATEST
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?
GC ECN601 WEEK 6 DQ 1&
DQ 2 LATEST
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.
GC ECN601 WEEK 7 DQ 1&
DQ 2 LATEST
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 LATEST
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?
GC ECN601 WEEK 1 BENCHMARK
ASSIGNMENT LATEST
Details:
Complete the following:
1. Chapter
2, Technical Questions 3 and 5 in the textbook.
2. Chapter
2, Application Question 2 in the textbook.
3. Chapter
3, Technical Question 1 in the textbook.
4. Chapter
3, Application Question 1 in the textbook.
Follow these instructions for completing
and submitting your assignment:
1. Place
all answers, both numerical and written, in a single excel spreadsheet.
2. Place
each problem into a separate tab or sheet in an Excel
file.
3. Place
labels on spreadsheet inputs and outputs, and use the yellow highlighter on the
top menu bar to highlight your final answer.
4. If the
question incorporates graphs, you must replicate the graph on your spreadsheet
file.
5. 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
Details:
Details:
Complete the following:
1. Chapter
4, Technical Question 3 in the textbook.
2. Chapter
4, Application Question 3 in the textbook.
3. 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:
1. Place
all answers, both numerical and written, in a single excel spreadsheet.
2. Place
each problem into a separate tab or sheet in an Excel file.
3. Place
labels on spreadsheet inputs and outputs, and use the yellow highlighter on the
top menu bar to highlight your final answer.
4. If the
question incorporates graphs, you must replicate the graph on your spreadsheet
file.
5. 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
Details:
Complete the following:
1. Chapter
5, Technical Questions 1, 3, and 5 in the textbook.
2. Chapter
6, Technical Question 3 in the textbook.
3. Chapter
6, Application Question 3 in the textbook.
Follow these instructions for completing
and submitting your assignment:
1. Place
all answers, both numerical and written, in a single excel spreadsheet.
2. Place
each problem into a separate tab or sheet in an Excel file.
3. Place
labels on spreadsheet inputs and outputs, and use the
yellow highlighter on the top menu bar to highlight your final answer.
4. If the
question incorporates graphs, you must replicate the graph on your spreadsheet
file.
5. 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
Details:
Complete the following:
1. Chapter
7, Technical Questions 3 and 5 in the textbook.
2. Chapter
7, Application Questions 3 and 5 in the textbook.
3. Chapter
8, Technical Questions 3 and 7 in the textbook.
Follow these instructions for completing
and submitting your assignment:
1. Place
all answers, both numerical and written, in a single excel spreadsheet.
2. Place
each problem into a separate tab or sheet in an Excel
file.
3. Place
labels on spreadsheet inputs and outputs, and use the yellow highlighter on the
top menu bar to highlight your final answer.
4. If the
question incorporates graphs, you must replicate the graph on your spreadsheet
file.
5. 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
Details:
Complete the following:
1. Chapter
9, Technical Questions 1, 3, and 5 in the textbook.
2. Chapter
10, Technical Questions 3 and 7 in the textbook.
Follow these instructions for completing
and submitting your assignment:
1. Place
all answers, both numerical and written, in a single excel spreadsheet.
2. Place
each problem into a separate tab or sheet in an Excel
file.
3. Place
labels on spreadsheet inputs and outputs, and use the yellow highlighter on the
top menu bar to highlight your final answer.
4. If the
question incorporates graphs, you must replicate the graph on your spreadsheet file.
5. 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
Details:
Complete the following:
1. Chapter 11, Technical Question 7 in the textbook.
2. Chapter
11, Application Question 3 in the textbook.
3. Chapter
12, Technical Questions 3 and 5 in the textbook.
4. 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:
1. Place
all answers, both numerical and written, in a single
excel spreadsheet.
2. Place
each problem into a separate tab or sheet in an Excel file.
3. Place
labels on spreadsheet inputs and outputs, and use the yellow highlighter on the
top menu bar to highlight your final answer.
4. If the
question incorporates graphs, you must replicate the
graph on your spreadsheet file.
5. 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
Details:
Complete the following:
1. Chapter
13, Technical Questions 1, 3, and 5 in the textbook.
2. Chapter
13, Application Question 1 in the textbook.
3. Chapter
14, Application Question 1 in the textbook.
Follow these instructions for completing
and submitting your assignment:
1. Place
all answers, both numerical and written, in a single excel spreadsheet.
2. Place
each problem into a separate tab or sheet in an Excel file.
3. Place
labels on spreadsheet inputs and outputs, and use the yellow highlighter on the
top menu bar to highlight your final answer.
4. If the
question incorporates graphs, you must replicate the graph on your spreadsheet
file.
5. 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
Details:
Complete the following:
1. Chapter
15, Technical Questions 1 (modified) and 3 in the textbook.
2. 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:
1. Place
all answers, both numerical and written, in a single
excel spreadsheet.
2. Place
each problem into a separate tab or sheet in an Excel file.
3. Place
labels on spreadsheet inputs and outputs, and use the yellow highlighter on the
top menu bar to highlight your final answer.
4. If the
question incorporates graphs, you must replicate the
graph on your spreadsheet file.
5. 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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