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Formulate an empirical economics question that you or a potential employer is interested in answering. Outline the six steps that you would take to provide an answer to this empirical question. In answering this question, consider the following:
a. Why is the empirical economics question important and to whom? How might the results be useful?
b. What is your economic model; what is the basis for your economic model?
c. What is your econometric model, including a discussion of functional form.
d. What are the hypotheses in terms of the parameters?
e. What are probable sources of data? Do you foresee difficulties in collecting data? Are the data you collect cross-sectional or another type?
f. What might go wrong in answering your empirical economics question?
What is a market niche, and how does it apply to Taza's business model? What types of companies compete with Taza? What role has technology played in Taza's success? Describe the entrepreneurial profile. In what ways does Larry Slotnick display these..
Describe why the primary objective of maximizing shareholder value may actually be the most beneficial for society in the long run.
Discuss the following excerpt from a recent story in the Wall Street Journal. In your discussion demonstrate that you can use the concepts of: "price discrimination and "barriers to entry" to explain:
Explain the liberal perspective on markets and the state with specific reference to the Keynes/Hayek debate. Why are the differences between them vital for understanding contemporary international political economy?
Apply the decision-making model developed. What are the basic steps in all types of decision making processes.
Analyze the characteristics which make any transaction possible and justify the importance of each of the characteristics.
Assuming your Best Alternative to a Negotiating Agreement (BATNA) is letting a court sell your shared property, discuss how it may help you reach an agreement. Recommend other strategies that you could use to accomplish a successful negotiation.
A consumer consumes 2 goods (X and Y) and has convex indifference curves for the two goods. In period 1 the price of each good is 2 and the consumer’s income is 8. In period 2 income and the price of Y are constant, but the price of X declines to 1. ..
Determine the income elasticity of demand, and state whether good X is a normal or inferior good. Determine the own advertising elasticity of demand.
q. firms like papa johns pizza hut as well as dominos sell pizza and other products that are differentiated in nature.
Identify an organization with which you are familiar. What are some factors in this organization that might affect the strategies they take in developing their socially responsible efforts? What are some of these efforts?
Due to ever-accelerating technological growth, _________________ unemployment is on the rise worldwide.
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