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Arrow impossibility theorem in the political economy

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Reference no: EM131381406

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

Write and present a 1,050-word analysis including 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 are not rational in behavior economics. 

Cite a minimum of three peer-reviewed sources not including your textbook.

Reference no: EM131381406

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