Reference no: EM131115269
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 elast.
Discuss the robert reich supercapitalism video
: Discuss the Robert Reich Supercapitalism video- at least about 3-5 sentences total--Managerial Economics in United States and rest of world--I think you are going to remember this video for years to come.
|
Measure of social welfare
: Explain five weaknesses of using national income statistics as a measure of social welfare.
|
How do feel about allowing sensory tools in the classroom
: Sensory Tools are becoming more accepted in the school setting. How do you feel about allowing sensory tools in the classroom and how would you allow students to use them in your classroom?
|
How would such a value be calculated for net royalty receipt
: What basis of valuation for Ferry's patents would be generally accepted in accounting? Give supporting reasons for this basis.
|
Why the demand curve slopes downward
: 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?
|
Liquidity of investment
: The few promoters of venture capital are risk averse and therefore are discouraged by the level of risk, the length of investment and the liquidity of investment.
|
As a first step, the cfo decides an analysis based purely
: As a first step, the CFO decides an analysis based purely on financial considerations is necessary to determine which country looks like the most viable candidate. You are asked to As a first step, the CFO decides an analysis based purely on financia..
|
Problem regarding the common shares
: Preference shares are considered as hybrid securities since they are similar to both common shares and debentures. They are similar to common shares in the following ways.
|
Discuss how government policy can influence economic growth
: Discuss how government policies can influence economic growth. Analyze how monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables.
|