Principles or concepts as microeconomics or macroeconomics

Reference no: EM13821735

Write 700 - 1,050-word paper of no more than summarizing the content. Address the following:

Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as microeconomics or macroeconomics.

Identify at least one shift of the supply curve and one shift of the demand curve in the simulation. What causes the shifts?

For each shift, analyze how it would affect the equilibrium price, quantity, and decision making.
How may you apply what you learned about supply and demand from the simulation to your workplace or your understanding of a real-world product with which you are familiar?
How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on equilibrium prince and quantity?
How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?

Explain how the price elasticity of demand affects a consumer's purchasing and the firm's pricing strategy as it relates to the simulation.

Reference no: EM13821735

Questions Cloud

Give a brief synopsis of the company : The plublic company choosen is General Electric Co. include the publicly traded stock symbol. Give a brief synopsis of the company, summarizing its purpose and goals

Introduction to homeland security-origional work : For this assignment, you will write an information paper to the director. You must address the following elements:

Difference between the two groups in change in mobility : Should the null hypothesis be rejected for the difference between the two groups in change in mobility scores over 12 weeks? Provide a rationale for your answer.

Create a proposal about chinese my bank from alibaba : create a proposal about Chinese MY bank from Alibaba, which is an online bank operated 24/7. Your proposal must also showcase effective design following the HATSpowerpoint in the course lectures folder.

Principles or concepts as microeconomics or macroeconomics : Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as microeconomics or macroeconomics.

What is your initial reaction regarding this new project : You are at your desk at work when a co worker excitedly comes to your desk and shows you the scenario analysis that he has just completed for a potential new project. All three scenarios show a positive NPV. What is the risk of assuming he is correc..

Create a global human resource strategy to recruit : Create a global human resource strategy to recruit, select, and train an expatriate for a position of your choice.

Check point environmental factors : CheckPoint Environmental Factors

Qualitative side of market movements and investor decisions : In the past 10 years, Behavioural Finance has begun to explain the qualitative side of market movements and investor decisions. Explain the concept and the value it can provide to the investment markets.

User Account

All Pages