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ECO/365

PRINCIPLES OF MICROECONOMICS

The Latest Version A+ Study Guide

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ECO 365 Entire Course Link
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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:
o Efficiency of markets
o Costs of taxation
o 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 Why Are Some Occupations Paid More than Others?
Purpose of Assignment

The purpose of this assignment is so students may look at the microeconomic data and
other sources for better understanding of trends and determinants of the labor market.

We will look at the microeconomic data and other sources for better understanding of
trends and determinants of the labor market. The Bureau of Labor Statistics (BLS)
website provides public with an easy access to different statistical tools and different
types of data presentation.

Assignment Steps

Select one of the following surveys as a team, from the BLS Current Employment
Statistics survey (National):
Goods-producing Employment - CES0600000001
Construction Employment - CES2000000001
Manufacturing Employment - CES3000000001
Trade, Transportation, and Utilities Employment - CES4000000001
Retail Trade Employment - CES4200000001
Education and Health Services Employment - CES6500000001

Retrieve and save a Microsoft Excel file and the graphs to your desktop for analysis.
You will have to check the "include graph" box along the top of the page to see the graph,
and you will need to copy and paste the graph separately into your
Microsoft Excel document.

Tutorial help on Excel and PowerPoint functions can be found on the Microsoft office
website. There are also additional tutorials via the web that offer support for office
products.

Consider the following two articles, located in the Week 4 Electronic Reserve Readings,
discussing actor salaries and hedge fund executives' average salaries:
"Robert Downey Junior is Hollywood's Highest-Paid Actor"
"In Tough Year, Hedge Fund Leaders Still Paid Well: Average Salary of $467M
Was Half 2013, Report Says"

Online Classes: Prepare and present a 5- to 8-slide Microsoft PowerPoint


presentation-analysis.

Campus Classes: Prepare a 5- to 8-slide Microsoft PowerPoint presentation based


on your analysis to share in class.

Include the following content in the presentation:


What are trends in the labor market for the chosen labor group that you can
identify for the last 10 years? Please provide the retrieved statistics.
What factors affected the demand and supply for this labor group during the last
10 years? Research and report data available from Bureau of Labor Statistics
(BLS) and other peer reviewed sources.
Why do actors and actresses earn so much compared to the chosen labor
group?
Why do hedge fund executives earn so much compared to the chosen labor
group?
In addition to wages, what other factors influence an individual to choose one job
over another?
What jobs do you think have the best mix of salary and other characteristics that
individuals care about?

Cite a minimum of three peer-reviewed sources, not including the textbook and required
economic data.

Format 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


(1)
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.

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


(2)
You have been asked to assist your organization's marketing department to better
understand how consumers make economic decisions.

Develop a 12- to 15-slide Microsoft PowerPoint presentation to be presented to the


Marketing Department that addresses the following.

Explain the following in your presentation:


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.

ECO 365 Week 5 Final Exam


Scenario: Explore and Propose a Resolution for One of the Following Topics:

Subject Matters include the following MicroEconomic Issues:

Healthcare
Immigration
National Debt
Dollar Confidence
European Union
Housing Crisis
Unemployment
Military Efficiency/Cuts
College Tuition Hikes
Energy - Wind/Solar
Title 2 - FCC Net Neutrality
Water Rights
The Rail
Homelessness
Traffic
Prepare a 2000 word paper with the goal of including all course competencies to defend
your choice and focus.
Cite a minimum 1 source from the University of Phoenix Library and 2 additional
reputable sources which may include the course text.
Format consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.

ECO 365 Week 5 Group Presentation - Why Some Occupations Pay More Than
Others
The submission shall be presented in Week 5 as a group Presentation.

Purpose of Assignment

The purpose of this assignment is so students may look at the microeconomic data and
other sources for a better understanding of trends and determinants of the labor market.

We will look at the microeconomic data and other sources for a better understanding of
trends and determinants of the labor market. The Bureau of Labor Statistics (BLS)
website provides public with an easy access to different statistical tools and different
types of data presentation.

Assignment Steps

Select one of the following surveys as a team, from the BLS Current Employment
Statistics survey (National):
Goods-producing Employment - CES0600000001
Construction Employment - CES2000000001
Manufacturing Employment - CES3000000001
Trade, Transportation, and Utilities Employment - CES4000000001
Retail Trade Employment - CES4200000001
Education and Health Services Employment - CES6500000001

Retrieve and save a Microsoft Excel file and the graphs to your desktop for analysis.
You will have to check the "include graph" box along the top of the page to see the graph,
and you will need to copy and paste the graph separately into your
Microsoft Excel document.

Tutorial help on Excel and PowerPoint functions can be found on the Microsoft office
website. There are also additional tutorials via the web that offer support for office
products.
Consider the following two articles, located in the Week 4 Electronic Reserve Readings,
discussing actor salaries and hedge fund executives' average salaries:
"Robert Downey Junior is Hollywood's Highest-Paid Actor"
"In Tough Year, Hedge Fund Leaders Still Paid Well: Average Salary of $467M
Was Half 2013, Report Says"

Campus Classes: Prepare and present a 15- to 20 minute Microsoft PowerPoint


presentation-analysis.

Include the following content in the presentation:


What are trends in the labor market for the chosen labor group that you can
identify for the last 10 years? Please provide the retrieved statistics.
What factors affected the demand and supply for this labor group during the last
10 years? Research and report data available from Bureau of Labor Statistics
(BLS) and other reputable sources.
Why do actors and actresses earn so much compared to the chosen labor
group?
Why do hedge fund executives earn so much compared to the chosen labor
group?
In addition to wages, what other factors influence an individual to choose one job
over another?
What jobs do you think have the best mix of salary and other characteristics that
individuals care about?

Include substantial presentation notes along with Graphs, Charts and other
Interesting Visuals.

Cite a minimum of three peer-reviewed sources, not including the textbook and required
economic data.

Format consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

The submission shall be presented in Week 5 as a group Presentation.