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ECO 365 ECO365

ECO 365 ECO365

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Tutorial

ECO/365

PRINCIPLES OF MICROECONOMICS
 
The Latest Version A+ Study Guide
 
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ECO 365 Entire Course Link
https://uopcourses.com/category/eco-365/
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ECO 365 Week 1 Ten Principles of Economics and How Markets Work

As part of a marketing research committee for your organization, you have been assigned the task of preparing a 700-word research paper about current microeconomic thought and theory.
Use Principles of Microeconomics, Chs. 1, 2, 3, 4, 5, and 6, as the source for all your information.
Identify the fundamental lessons the Ten Principles of Economics teach about:

How people make decisions

How people interact

How the economy as a whole works

Explain the following to help the committee members understand how markets work:

How society manages its scarce resources and benefits from economic interdependence

Why the demand curve slopes downward and the supply curve slopes upward

Where is the point of equilibrium and what does it determine?

The impact of price controls, taxes, and elasticity on changes in supply, demand and equilibrium prices

Format consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.

ECO 365 Week 2 Markets and the Economics of the Public Sector

You have been assigned to a team that has the responsibility of preparing a paper consisting of 1,750 words for the governor’s next economic conference. Your paper should address the following:

Explain why equilibrium of supply and demand is desirable.

Explain the following concepts using the concept of consumer and producer surplus:

Efficiency of markets

Costs of taxation

Benefits of international trade

Discuss how externalities may prevent market equilibrium and the various governments policies used to remedy the inefficiencies in markets caused by externalities.

Analyze the difference between the efficiency of a tax system and the equity of a tax system as it refers to the costs imposed on taxpayers using the benefits principles.

Cite a minimum of 3 peer-reviewed sources, not including your textbook.
Format consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.

ECO 365 Week 3 Current Market Conditions Competitive Analysis

You have been given the responsibility of working with your organization’s CEO to do a competitive market analysis of the potential success of one of their existing products.
Select your organization and a product produced by that organization from IndustryWeek.
Write a 2,100-word analysis of the current market conditions facing your product, making sure that you address the following topics:

Define the type of market in which your selected product will compete, along with an analysis of competitors and customers.

Analyze any comparative advantages and international trade opportunities.

Explain the factors that will affect demand, supply, and prices of that product.

Examine factors that will affect Total Revenue, including but not limited to:

Price elasticity of demand

Factors that influence productivity

Various measures of costs, including opportunity costs

Externalities and government public policy and their effect on marginal revenue and marginal cost

Recommend how your organization can maximize their profit-making potential and increase their presence within the market served by the product.

Use a minimum of 3 peer-reviewed sources from the University Library.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.

ECO 365 Week 4 The Economics of Labor Markets

Select an organization your team is familiar with or an organization where a team member works.
Develop a 15- to 20-slide Microsoft® PowerPoint® presentation to be presented to the CEO’s executive committee that addresses how your chosen organization determines what quantity of labor to demand and what events could shift the demand and supply of that labor.
Explain the following in your presentation:

How your organization’s production function is related to its marginal product of labor

How your organization’s marginal product of labor is related to the value of its marginal product

How your organization’s marginal product is related to its demand for labor

Examples of events that could shift the demand or supply of labor and why they do so

Reasons a worker’s wages might be above the level that balances supply and demand

An analysis of the impact that government policies addressing income inequity and poverty could have on labor demand or supply

Cite a minimum of 3 peer-reviewed sources not including your textbook.
Format consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.

ECO 365 Week 5 Theory of Consumer Choice and Frontiers of Microeconomics

You have been asked to assist your organization’s marketing department to better understand how consumers make economic decisions.
Write a 1,050-word analysis that includes the following:

The impact the theory of consumer choice has on:

Demand curves

Higher wages

Higher interest rates

The role asymmetric information has in many economic transactions

The Condorcet Paradox and Arrow’s Impossibility Theorem in the political economy

People not being rational in behavior economics

Cite a minimum of 3 peer-reviewed sources not including your textbook.
Format consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.