Reference no: EM131295535
Supply and Demand Economics essay
In this paper you are asked to select some of the economic concepts covered in this class and apply them to a real world situation. The paper needs to be 4-6 pages in length and must use APA style citations. For help with APA style please see Purdue's Online Writing Laboratory [https://owl.english.purdue.edu/owl/].
Please review the rubric before starting your paper. What is most important is your demonstration of accurate economic reasoning. You will want to pick a topic that is appropriate for the task. As regards APA style, what matters most is the use of 'in-text' citations for all external material you use e.g. (Author Year) or Author (Year) as well as a complete works cited section (not just weblinks). The other elements of APA style i.e. running header, abstract, etc. are unimportant.
Description: Take an issue from a recent news article related to material we cover in class. Provide detailed economic analysis of the issues in order to describe and then evaluate the situation. I recommend the Wall Street Journal, Businessweek, Forbes, or The Economist. This list is not comprehensive. Certainly other news sources business and non-business alike may have something worthwhile to write about.
My choice for the topic is supply and demand, the article can be about iphone apple upply and demand . the things that need to be in the essay and analyzed are : law of demand, the demand curve, diminshing marginal unity, the income effect, substitution goods, complementary goods, tastes and preferences, price elasticity of demand, the suppym curve, equilibrium price, perfect competition.
Professors notes:
As an example: I might choose to write about the pricing changes made by Netflix and the resulting uproar from consumers. In this case I may choose to incorporate the following issues into my analysis: people respond to incentives, optimal decisions are made on the margin, changes in market equilibrium, price elasticity of demand, behavioral economics. My analysis might then express why economists might have been able to anticipate this outcome based on what we assume to be true about rational decision makers.
|
A partnership began its first year of operations
: A partnership began its first year of operations with the following capital balances: Young, Capital: $143,000 Eaton, Capital: $104,000 Thurman, Capital: $143,000 The Articles of Partnership stipulated that profits and losses be assigned in the follo..
|
|
What are the assumptions of interest tax shield
: What are the assumptions of interest tax shield respectively for Hamada equation and portfolio equation? Accordingly when should we use Hamada equation and when to use portfolio equation?
|
|
What was clearys capital balance at the end
: Cleary, Wasser, and Nolan formed a partnership on January 1, 2012, with investments of $100,000, $150,000, and $200,000, respectively. For division of income, they agreed to (1) interest of 10% of the beginning capital balance each year, (2) annual c..
|
|
Find the thevenin equivalent of the source circuit
: When ZL = - j20 kΩ, the phasor interface current is I = 10 + j0 mA.- Find the Thévenin equivalent of the source circuit.
|
|
What is important is demonstration of accurate economic
: Please review the rubric before starting your paper. What is most important is your demonstration of accurate economic reasoning. You will want to pick a topic that is appropriate for the task.
|
|
Prepare direct materials budget and production budget
: Fuqua Company’s sales budget projects unit sales of part 198Z of 10,000 units in January, 12,400 units in February, and 13,300 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $5 per pound. Prepare a production budget..
|
|
Describe the ultimate goal of the product campaign
: Describe the ultimate goal of the product campaign for the new shampoo. Discuss your methods for achieving this goal. Identify the components of marketing, pricing, and distribution for the campaign.
|
|
What is the total expected cash disbursement for february
: Esco, a local retail establishment, expects to make inventory purchases as follows for the first quarter of 2016: January, $7,000; February, $8,400; and March, $10,000. No purchase discounts apply. What is the total expected cash disbursement for Feb..
|
|
Use of fifo allows company to minimize income tax expense
: A US company can use LIFO for income tax purposes only if it also uses LIFO for financial reporting purposes. The weighed average cost per unit is computed by dividing the total cost of goods purchased by the dollar amount of sales. In a period of ri..
|