ECN601 Economics full course Discussions and Assignments
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<strong>ECN601</strong> <strong>Economics</strong> <strong>full</strong> <strong>course</strong> <strong>Discussions</strong> <strong>and</strong> <strong>Assignments</strong><br />
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<strong>ECN601</strong> <strong>Economics</strong> <strong>full</strong> <strong>course</strong> <strong>Discussions</strong> <strong>and</strong> <strong>Assignments</strong><br />
ECN 601 Full Course<br />
ECN 601 Entire Course<br />
GC <strong>ECN601</strong> WEEK 1 DQ 1& DQ 2 LATEST<br />
DQ 1<br />
The price of gasoline goes up <strong>and</strong> down quickly, yet consumer dem<strong>and</strong> for gasoline stays relatively steady. Does this<br />
mean the dem<strong>and</strong> for gasoline is inelastic, or is something else at work? Explain.<br />
DQ 2<br />
Of the factors listed in the textbook that are related to dem<strong>and</strong>, identify 1 or 2 that were instrumental in your selection<br />
of a University in which to enroll for an MBA. Do you think your decision criteria are typical or atypical? Explain.<br />
GC <strong>ECN601</strong> WEEK 2 DQ 1& DQ 2 LATEST<br />
DQ 1<br />
Selecting a complete set of independent variables is always an issue when using regression analysis to estimate<br />
dem<strong>and</strong>. For example, analysts often use price <strong>and</strong> advertising to estimate quantity dem<strong>and</strong>ed. However, how do<br />
they know that these two variables were sufficient? How do we know that we didn’t omit other variables which would<br />
have had a significant impact on dem<strong>and</strong>? How do we know that we didn’t include variables that were not needed?<br />
Explain how analysts would answer such questions.<br />
DQ 2<br />
Suppose you want to use regression analysis to estimate the selling price of single family homes in a given<br />
neighborhood. You assemble data on selling price, square footage, number of bedrooms, number of bathrooms, age<br />
of the house, <strong>and</strong> lot size. Which variable(s) are dependent? Which are independent? For each independent variable<br />
you listed, indicate whether you would expect the sign of that variable to be positive or negative, <strong>and</strong> why.
GC <strong>ECN601</strong> WEEK 3 DQ 1& DQ 2 LATEST<br />
DQ 1<br />
Chapter 5 opened with a discussion of the fast food industry. Identify how the Law of Diminishing Marginal Returns<br />
set in for the production process, <strong>and</strong> how management responded to this situation.<br />
DQ 2<br />
In the case discussion that opens chapter 6, Steve Jobs indicated that Apple would continue to assemble iPhones in<br />
China, despite the fact that only a small portion of the cost of an iPhone was labor expense. What was behind Apple’s<br />
decision? Do you agree with it?<br />
GC <strong>ECN601</strong> WEEK 4 DQ 1& DQ 2 LATEST<br />
DQ 1<br />
Public utilities are usually identified as monopolies. With whom does Arizona Public Service, the electric utility in<br />
metro Phoenix, compete? Are they the only provider in their marketplace?<br />
DQ 2<br />
What market structure does the firm you are currently employed by represent? Identify the firm <strong>and</strong> the<br />
characteristics of its market that cause you to classify it as you do<br />
GC <strong>ECN601</strong> WEEK 5 DQ 1& DQ 2 LATEST<br />
DQ 1<br />
Identify a type of price discrimination that you have experienced. Was it first, second, or third degree? Explain the<br />
transaction in sufficient detail to justify your classification.<br />
DQ 2<br />
What characteristic(s) of oligopoly make their prices <strong>and</strong> output levels “sticky?” Does this make the firms more risky<br />
or less risky?<br />
GC <strong>ECN601</strong> WEEK 6 DQ 1& DQ 2 LATEST<br />
DQ 1<br />
Do you think the MPC has risen or fallen since the recession of 2008-2009? Explain your reasoning.<br />
DQ 2<br />
The text identified three goals of macroeconomic policy:<br />
1. Minimize unemployment<br />
2. Minimize inflation
3. Maximize economic growth<br />
Obviously, these goals have elements that conflict with one another. Which do you think we are doing the best job of<br />
accomplishing in the U.S. currently, <strong>and</strong> which do you think should receive greater priority? Explain, <strong>and</strong> cite relevant<br />
statistics on the economy’s performance where possible.<br />
GC <strong>ECN601</strong> WEEK 7 DQ 1& DQ 2 LATEST<br />
DQ 1<br />
In the early stage of her administration, Fed Chair Janet Yellen focused on maintaining a monetary policy of low<br />
interest rates to continue the Fed’s efforts to stimulate the economy. However, the article assigned indicates she<br />
faces some longer-term challenges. Identify one of these challenges, <strong>and</strong> describe what the article said about the<br />
interaction between Fed policy <strong>and</strong> this issue. What do you think she should do with regard to the issue you<br />
identified?<br />
DQ 2<br />
Economists believe that the current values of the deposit multiplier <strong>and</strong> the money multiplier are widely divergent.<br />
Why might these values differ at present? What (if anything) do you think must happen for them to converge once<br />
again?<br />
GC <strong>ECN601</strong> WEEK 8 DQ 1& DQ 2 LATEST<br />
DQ 1<br />
The U.S. has historically low interest rates at present. How would you predict these would impact the value of the<br />
dollar on foreign exchange markets? How, in turn, would these low interest rates impact our balance of trade?<br />
Explain your answers.<br />
DQ 2<br />
Why would nations favor fixed vs. floating exchange rates for their currencies? Why do some developing nations<br />
have a “fear of the float?<br />
GC <strong>ECN601</strong> WEEK 1 BENCHMARK ASSIGNMENT LATEST<br />
Details:<br />
Complete the following:<br />
1. Chapter 2, Technical Questions 3 <strong>and</strong> 5 in the textbook.<br />
2. Chapter 2, Application Question 2 in the textbook.<br />
3. Chapter 3, Technical Question 1 in the textbook.<br />
4. Chapter 3, Application Question 1 in the textbook.<br />
Follow these instructions for completing <strong>and</strong> submitting your assignment:<br />
1. Place all answers, both numerical <strong>and</strong> written, in a single excel spreadsheet.<br />
2. Place each problem into a separate tab or sheet in an Excel file.<br />
3. Place labels on spreadsheet inputs <strong>and</strong> outputs, <strong>and</strong> use the yellow highlighter on the top menu bar to<br />
highlight your final answer.
4. If the question incorporates graphs, you must replicate the graph on your spreadsheet file.<br />
5. Do not submit Word files or multiple files for a single assignment.<br />
You are not required to submit this assignment to Turnitin.<br />
GC <strong>ECN601</strong> WEEK 2 (CHAPTER 4 PROBBLEM) ASSIGNMENT LATEST<br />
Details:<br />
Complete the following:<br />
1. Chapter 4, Technical Question 3 in the textbook.<br />
2. Chapter 4, Application Question 3 in the textbook.<br />
3. Complete the “ECN-601 Extended Problem” attached to the assignment. Use the data provided in “ECN-601<br />
Extended Problem Data” to complete the problem.<br />
Follow these instructions for completing <strong>and</strong> submitting your assignment:<br />
1. Place all answers, both numerical <strong>and</strong> written, in a single excel spreadsheet.<br />
2. Place each problem into a separate tab or sheet in an Excel file.<br />
3. Place labels on spreadsheet inputs <strong>and</strong> outputs, <strong>and</strong> use the yellow highlighter on the top menu bar to<br />
highlight your final answer.<br />
4. If the question incorporates graphs, you must replicate the graph on your spreadsheet file.<br />
5. Do not submit Word files or multiple files for a single assignment.<br />
You are not required to submit this assignment to Turnitin.<br />
GC <strong>ECN601</strong> WEEK 3 (CHAPTER 5 & 6PROBBLEM) ASSIGNMENT LATEST<br />
Details:<br />
Complete the following:<br />
1. Chapter 5, Technical Questions 1, 3, <strong>and</strong> 5 in the textbook.<br />
2. Chapter 6, Technical Question 3 in the textbook.<br />
3. Chapter 6, Application Question 3 in the textbook.<br />
Follow these instructions for completing <strong>and</strong> submitting your assignment:<br />
1. Place all answers, both numerical <strong>and</strong> written, in a single excel spreadsheet.<br />
2. Place each problem into a separate tab or sheet in an Excel file.<br />
3. Place labels on spreadsheet inputs <strong>and</strong> outputs, <strong>and</strong> use the yellow highlighter on the top menu bar to<br />
highlight your final answer.<br />
4. If the question incorporates graphs, you must replicate the graph on your spreadsheet file.<br />
5. Do not submit Word files or multiple files for a single assignment.<br />
You are not required to submit this assignment to Turnitin.<br />
GC <strong>ECN601</strong> WEEK 4 (CHAPTER 7 & 8 PROBBLEM) ASSIGNMENT LATEST<br />
Details:<br />
Complete the following:<br />
1. Chapter 7, Technical Questions 3 <strong>and</strong> 5 in the textbook.<br />
2. Chapter 7, Application Questions 3 <strong>and</strong> 5 in the textbook.<br />
3. Chapter 8, Technical Questions 3 <strong>and</strong> 7 in the textbook.<br />
Follow these instructions for completing <strong>and</strong> submitting your assignment:<br />
1. Place all answers, both numerical <strong>and</strong> written, in a single excel spreadsheet.
2. Place each problem into a separate tab or sheet in an Excel file.<br />
3. Place labels on spreadsheet inputs <strong>and</strong> outputs, <strong>and</strong> use the yellow highlighter on the top menu bar to<br />
highlight your final answer.<br />
4. If the question incorporates graphs, you must replicate the graph on your spreadsheet file.<br />
5. Do not submit Word files or multiple files for a single assignment.<br />
You are not required to submit this assignment to Turnitin.<br />
GC <strong>ECN601</strong> WEEK 5 (CHAPTER 9 & 10 PROBBLEM) ASSIGNMENT LATEST<br />
Details:<br />
Complete the following:<br />
1. Chapter 9, Technical Questions 1, 3, <strong>and</strong> 5 in the textbook.<br />
2. Chapter 10, Technical Questions 3 <strong>and</strong> 7 in the textbook.<br />
Follow these instructions for completing <strong>and</strong> submitting your assignment:<br />
1. Place all answers, both numerical <strong>and</strong> written, in a single excel spreadsheet.<br />
2. Place each problem into a separate tab or sheet in an Excel file.<br />
3. Place labels on spreadsheet inputs <strong>and</strong> outputs, <strong>and</strong> use the yellow highlighter on the top menu bar to<br />
highlight your final answer.<br />
4. If the question incorporates graphs, you must replicate the graph on your spreadsheet file.<br />
5. Do not submit Word files or multiple files for a single assignment.<br />
You are not required to submit this assignment to Turnitin.<br />
GC <strong>ECN601</strong> WEEK 6 (CHAPTER 11 & 12 PROBBLEM) ASSIGNMENT LATEST<br />
Details:<br />
Complete the following:<br />
1. Chapter 11, Technical Question 7 in the textbook.<br />
2. Chapter 11, Application Question 3 in the textbook.<br />
3. Chapter 12, Technical Questions 3 <strong>and</strong> 5 in the textbook.<br />
4. Chapter 12, Application Question 1 in the textbook.<br />
Your explanation for Application Question 1 should include (1) the component of GDP that is affected by each of<br />
these changes <strong>and</strong> (2) whether the change indicated will raise or lower GDP.<br />
Follow these instructions for completing <strong>and</strong> submitting your assignment:<br />
1. Place all answers, both numerical <strong>and</strong> written, in a single excel spreadsheet.<br />
2. Place each problem into a separate tab or sheet in an Excel file.<br />
3. Place labels on spreadsheet inputs <strong>and</strong> outputs, <strong>and</strong> use the yellow highlighter on the top menu bar to<br />
highlight your final answer.<br />
4. If the question incorporates graphs, you must replicate the graph on your spreadsheet file.<br />
5. Do not submit Word files or multiple files for a single assignment.<br />
You are not required to submit this assignment to Turnitin.<br />
GC <strong>ECN601</strong> WEEK 7 (CHAPTER 13 & 14PROBBLEM) ASSIGNMENT LATEST<br />
Details:
Complete the following:<br />
1. Chapter 13, Technical Questions 1, 3, <strong>and</strong> 5 in the textbook.<br />
2. Chapter 13, Application Question 1 in the textbook.<br />
3. Chapter 14, Application Question 1 in the textbook.<br />
Follow these instructions for completing <strong>and</strong> submitting your assignment:<br />
1. Place all answers, both numerical <strong>and</strong> written, in a single excel spreadsheet.<br />
2. Place each problem into a separate tab or sheet in an Excel file.<br />
3. Place labels on spreadsheet inputs <strong>and</strong> outputs, <strong>and</strong> use the yellow highlighter on the top menu bar to<br />
highlight your final answer.<br />
4. If the question incorporates graphs, you must replicate the graph on your spreadsheet file.<br />
5. Do not submit Word files or multiple files for a single assignment.<br />
You are not required to submit this assignment to Turnitin.<br />
GC <strong>ECN601</strong> WEEK 8 (CHAPTER 15 & 16 PROBBLEM) ASSIGNMENT LATEST<br />
Details:<br />
Complete the following:<br />
1. Chapter 15, Technical Questions 1 (modified) <strong>and</strong> 3 in the textbook.<br />
2. Chapter 15, Application Question 3 in the textbook.<br />
(Question 1 should read, “Show the effect of dollar appreciation <strong>and</strong> depreciation with the yen on the price of U.S.<br />
exports <strong>and</strong> imports by updating Table 15.2.)<br />
Follow these instructions for completing <strong>and</strong> submitting your assignment:<br />
1. Place all answers, both numerical <strong>and</strong> written, in a single excel spreadsheet.<br />
2. Place each problem into a separate tab or sheet in an Excel file.<br />
3. Place labels on spreadsheet inputs <strong>and</strong> outputs, <strong>and</strong> use the yellow highlighter on the top menu bar to<br />
highlight your final answer.<br />
4. If the question incorporates graphs, you must replicate the graph on your spreadsheet file.<br />
5. Do not submit Word files or multiple files for a single assignment.<br />
You are not required to submit this assignment to Turnitin.