ECN
360 Entire Course-GC
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ECN 360 Entire Course-GC
ECN360
ECN 360 GCU Midterm Exam
ECN 360 GCU Final Exam
ECN 360 Grand Canyon Week 1 Discussion 1
Is price elasticity of demand at GCU elastic or inelastic? What
could you do to find out?
ECN 360 Grand Canyon Week 1 Discussion 2
Most managers and executives believe their firm has an opportunity
to take advantage of economies of scale; however, many firms do not. Slect one
of the questions below and respond.
1. How could you determine if your firm has economies of scale?
2. What type(s) of firms typically have economies of scale? Which
do not?
ECN 360 Grand Canyon Week 1 Discussion 1
The long-run equilibrium for a perfectly competitive firm is
zero-profit equilibrium. Does this mean that owners of these firms have no income?
Explain.
ECN 360 Grand Canyon Week 2 Discussion 2
How does the price and level of output for a monopolist differ
from that of a purely competitive firm? Is this due to differences in the cost
of doing business? Do these differences provide a rationale for anti-trust
legislation? Explain.
ECN 360 Grand Canyon Week 3 Discussion 1
There are estimates that as many as 4,000 pizzerias open every
year in the U.S. and just as many close. Why does this continue to happen?
ECN 360 Grand Canyon Week 3 Discussion 2
The manufacturers of R.C. Cola, with 2.1% market share in the soft
drink industry, recently launched a new advertising campaign describing their
brand as a “hip alternative” to “corporate colas” like Coke and Pepsi. Why
don’t they simply try and gain market share by cutting price? What property of
oligopoly markets explains this type of behavior?
ECN 360 Grand Canyon Week 4 Discussion 1
Why would the manufacturers of autos resist attempts to establish
higher fuel efficiency standards? How would their costs, sales, and profits be
affected?
ECN 360 Grand Canyon Week 4 Discussion 2
Select one of the cases below and discuss what would happen to
marginal physical product and why:
1. More secretaries are hired in an office.
2. More professors are hired to teach economics.
3. More construction workers are hired to construct an office
building.
ECN 360 Grand Canyon Week 5 Discussion 1
Identify the Classical prescription for curing unemployment and
contrast it with the Keynesian prescription. Which prescription do you agree
with? Why?
ECN 360 Grand Canyon Week 5 Discussion 2
In 2013-2014, the nation was struggling with a persistent high
level of unemployment, low rates of economic growth, and high federal budget
deficits. Explain how solutions to these economic problems conflict with one
another. If you were economic dictator, how would you proceed against this set
of problems?
ECN 360 Grand Canyon Week 6 Discussion 1
Classical economic theory says there is a linkage between
investment and savings. Explain the source of this linkage. What is the
argument that says this link is not as strong as classical economists believe?
(Hint: Differentiate between the parties that save and those that invest, and
their rationale.)
ECN 360 Grand Canyon Week 6 Discussion 2
If the federal government were required to balance the budget each
year, would this have a positive or a negative impact on the economy? Why?
ECN 360 Grand Canyon Week 7 Discussion 1
“In many ways, the Federal Reserve does not control the level of
interest rates nor the money supply. Rather, this is controlled by the actions
of individual banks throughout the economy. “Explain the rationale behind this
statement. What action is required by the banks for Federal Reserve policy to
be effective in stimulating the economy? What can the banks do to negate a Fed
stimulus?
ECN 360 Grand Canyon Week 7 Discussion 2
In 2014, short-term interest rates were near zero, and yet the
economy was still sluggish with low rates of economic growth and relatively
high unemployment. What monetary policies should be pursued in such an
environment? How might they work?
ECN 360 Grand Canyon Week 8 Discussion 1
The U.S. has accused China of artificially deflating the value of
their currency. What would be the motivation for the Chinese to pursue such a
policy? How might Chinese citizens be hurt by these actions?
ECN 360 Grand Canyon Week 8 Discussion 2
Policies established by the World Bank and the IMF have been the
subject of much criticism, especially from the developing world. Why might developing
world nations be critical of these policies? Do you think the policy actions
are justified? Explain.
ECN 360 Grand Canyon Week 1 Assignment Chapters 19 and 22 Problems
Complete the following:
Chapter 19, problems 19-2, 19-4, 19-12, and 19-16
Chapter 22, problems 22-2, 22-4, 22-8, and 22-14
Follow these instructions for completing and submitting your
assignment:
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