12 May HOW DID THE OUTCOME BENEFIT YOU AT THAT MOMENT AND IN THE FUTURE?
Create a supply and demand
graph in Excel that demonstrates the relationship between the amount buyers are
willing to purchase and the quantity available. You may select your own data
points, but you must discuss the relationship between supply and demand within
the economy, as well as discuss the concept of market equilibrium. Please
attach your graphs along with your discussion in your response. Provide an
explanation for the value graphing supply and demand and analyzing the data can
have on decision-making in a business and the economy.
DQ 2
View “Trade-Offs and
Opportunity Costs,” located on the YouTube website. Share an example of
your own experience in which you had to decide on an opportunity cost that
would affect you. What outcome did the decision have on your economic
situation?
GC ECN601
week 2 dq 1 & dq 2 latest 2016 june
dq 1
How can sample data support or inform economic decision making
within an organization? Can the sample data have errors or be problematic when
making decisions? Provide an example.
dq 2
How does applying econometrics to economics validate economic
decisions for an organization? Support your response with an example.
GC ECN601
week 3 dq 1 & dq 2 latest 2016 june
dq 1
What market structure best
describes the structure under which your organization operates? Identify one
challenge and one opportunity that arise from this and how the firm might use
these for strategic advantage.
dq 2
According to Coase’s theory of the firm, why do firms exist? How
do firms contribute to the efficiency of the market economy in ways that
‘networks of independent contractors’ do not? How are the boundaries of the
firm best established?
GC ECN601
week 4 dq 1 & dq 2 latest 2016 june
dq 1
Identify a personal economic decision that was driven by a
behavioral bias rather than by pure rational behavior. Given your understanding
of behavioral economics, how would your decision differ today?
dq 2
Would an organization benefit from using direct or indirect price
discrimination. Why or why not? Provide an example.
GC ECN601
week 5 dq 1 & dq 2 latest 2016 june
dq 1
Read “7 Easy Ways to Use Game Theory to Make Your Life
Better,” by Duronio. Reflect on your personal life experiences. Discuss a time
you have used game theory in your life to earn money or save money. Did you
realize you were implementing game theory in the situation? How did the outcome
benefit you at that moment and in the future?
dq 2
Read “Game Theory
Explained,” located on the PBS website. Discuss your perspective on the
use of game theory. How do “Nash Equilibrium” and the idea of one
“player” impacting another “player” within an organization
affect the economic decisions and growth of an organization?
GC ECN601
week 6 dq 1 & dq 2 latest 2016 june
dq 1
Discuss the importance of analyzing competition within an industry
to better appeal to potential candidates. How can an organization use
incentives to ensure it appeals to the employees it wants to hire?
dq 2
Provide an example of a moral or ethical hazard an organization
might face relating to labor markets. How can this affect employees, an
organization, and the economy?
GC ECN601
week 7 dq 1 & dq 2 latest 2016 june
dq 1
Identify one environmental
factor or risk that affects the decision-making opportunities within your
organization. Provide a brief description of the concerns and potential
solutions for addressing the concerns or risks. Are there financial
requirements that must be considered when processing decisions within a
company?
dq 2
How does the financial aspect of an organization influence
decision making and the outcome?
GC ECN601
week 8 dq 1 & dq 2 latest 2016 june
dq 1
Interview one person within your organization who has knowledge
about the decision-making opportunities the executive or management team
formulates. Inquire about national and global trade opportunities. Does the
organization benefit from trade opportunities? If so, describe the incentives.
If not, what strategies or trade opportunities would benefit the growth of the
organization?
dq 2
What are the advantages and
disadvantages of a firm’s use of power purchasing parity? Provide an example.
GC ECN601
week 2 assignment latest 2016 june
Details:
Analyzing and understanding
data is an important part of decision making. Econometricsis defined as the
statistical methods used to analyze data and make informed decisions. For this
assignment, you are required to research data related to an economic issue or
situation relevant to your organization or a business organization in general.
Use the Bureau of Economic Analysis websiteto choose data for this assignment.
In addition, review the articles in Topic Materials relating to econometrics.
Analyze the data you have selected to determine how to use them to make
appropriate economic decisions for an organization. As you are analyzing the
data, apply econometrics methods (linear regression, statistical mathematics,
nonlinear regression, or another relevant model) to validate data and determine
strategies and solutions for the economic data retrieved. Please review the
“Sample Econometrics Problem” resource to assist you in completing
this assignment.
Write a summary (500-750
words) to discuss your data findings and the proposed solutions generated based
on applying econometrics and analyzing the data. You are required to submit the
selected data, methods for testing and validating data, and the economic
decisions you have established based on analysis of the data.
Prepare this assignment according
to the guidelines found in the APA Style Guide, located in the Student Success
Center. An abstract is not required.
You are required to submit
this assignment to Turnitin.
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