Project #19966 - Microeconomics

I have a total of five papers the first one due in One week then we can wait a week for the other one and so on if more time is needed but the first one must be completed by 12 20 2013.

Week One: Production and Cost Analysis

 

Details

Due

Points

Reading

Read Ch. 12, 13, 19, 19w, 20 of Economics.

 

 

Individual

Supply and Demand Simulation

Complete the Supply and Demand Simulation located on the student website. Clarification: In the initial part of the simulation you are told that GoodLife Management is a monopolist. This is an error. Monopolists do not have supply curves and monopolistic markets should not be analyzed using the supply and demand framework, which is applicable to perfectly competitive markets. Make the following changes regarding the simulation. For the first scenario, GoodLife Management has control over the market price and acts as a monopolist. For all other scenarios, you are to assume that GoodLife Management is one of a large number of suppliers, each supplying relatively identical apartments. That is, after the first scenario, assume that the market is perfectly competitive, and that GoodLife Management is not a monopolist. Any reference to GoodLife can be considered to be a reference to the entire market of suppliers, and the quantity supplied is the quantity supplied by all suppliers.

 

Write a700- to 1,050-wordpaper addressing the following:

 

·         In the first scenario, what rental rate did you choose? Why?

 

·         Identif one shift of the supply curve and three shifts of the demand curve in the simulation. What caused each of the shifts? For each shift, identify the direction of the change in supply or demand.

 

·         For each of the shifts identified above, analyze how the equilibrium price and quantity is affected.

 

·         Discuss how the rental ceiling affects consumers and GoodLife Management’s decisions. In a real world scenario, how might apartment managers circumvent a ceiling on rental rates?

 

·         How might you apply what you learned about supply and demand to your workplace or your understanding of a real-world product with which you are familiar?

 

·         Relating to the simulation, explain how the price elasticity of demand affects consumers’ responses to price changes. Also, in the first scenario, how does the price elasticity of demand affect the price selected by a monopolist?

Monday

(Day 7)

15

           

 

 

 

Week Two: Market Structure

 

Details

Due

Points

Reading

Read Ch. 3, 14, 15, 16 of Economics.

 

 

Learning Team

Current Market Conditions Competitive Analysis

Imagine you are part of a strategic planning group at a large corporation that is considering developing a new proposed product. The marketing director has asked your team to do a competitive market analysis to determine the product’s potential success. The analysis will focus on your primary competitor in the product’s market.

 

Select a potential competitive organization and a product in that organization. You may not select Apple, Starbucks or Walmart.

 

Write a 1,400 – 1,750-word paper analyzing the current market conditions. Address the following topics:

 

·         A short history of the organization and a description of their product

 

·         Factors that affect demand, supply (or marginal cost for firms that are not perfectly competitive), and equilibrium prices in the market in which the competitor organization operates: Define the market for your chosen product, including an analysis of its competitors, potential customers, or potential buyers.

 

·         Any issues or opportunities your organization or industry faces that affect its competitiveness and long-term profitability with regards to your product: This may include, but is not limited, to the following elements.

 

o    Price elasticity of demand

o    Technological innovation in the production process

o    The relationship between the amount of labor & capital employed and the law of diminishing marginal productivity

o    Cost structure

·         Factors affecting variable costs, including productivity and others that change the supply of and demand for labor

·         Factors affecting fixed costs

 

Make recommendations on how your organization can maximize their profit-making potential, and successfully compete in the new market. Consider the effect your recommendations may have on marginal revenues and costs.

 

Format your paper consistent with APA guidelines.

Monday

(Day 7)

12

 

 

 

 

 

 

 

 

 

 

 

 

Week Three: Public Policy in Economics

 

Details

Due

Point

Individual

Differentiating Between Market Structures

For this assignment, you will choose from the following options:

 

o    Option 1: Differentiating Between Market Structures in Kudler

o    Option 2: Differentiating Between Market Structures in an Organization of Your Choice

 

Read the instructions in the University of Phoenix Material: Differentiating Between Market Structureslocated on the student website and select one option to complete the assignment. As part of this assignment, you must also turn in the Differentiating Between Market Structures table.

Monday

(Day 7)

20

 

 

 

 

 

 

 

 

 

 

 

Week Four: Global Competition

 

Details

Due

Points

Reading

Read Ch. 2, 9, 17, 22, 23 of Economics.

 

 

Individual

Final Examination

Resource: Economics

Click the link to the Final Examination on the student website available from the end of Week Four through the end of Week Five.

Complete the Final Examination. You have one attempt to complete the exam, which is timed and must be completed in 3 hours. Results are auto-graded and sent to your instructor.

Monday

(Day 7)

15

Learning Team

Competitive Strategies and Government Policies

Select a well-defined industry. You may not use any industry in which Apple or WalMart compete.

 

Management has recognized the effects of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following points.

 

Write a 1,400 –1,750-word paper in which you describe how each of the following are or potentially will affect your team’s chosen industry:

 

·         New companies entering the market, mergers, and globalization, on pricing and the sustainability of profits: Identify the type of merger activity inyour chosen industry – horizontal, vertical, or conglomerate – and explain why you made that choice.

 

·         Current and expected government policies and regulations, including taxes and regulations in place to address issues related to externalities.

 

·         Global competition and its impact on the decisions made by management with regards to change in labor demand, supply, relations, unions, and rules and regulations in your chosen industry.

 

Recommend how the industry you chose may respond to each of the previous points.

 

Format your paper consistent with APA guidelines.

Monday

(Day 7)

12

 

Subject Business
Due By (Pacific Time) 12/21/2013 01:00 pm
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