Apply concepts to real economic situations, Business Economics

Applying economic concepts to situations at work.  This writing assignment is intended to give you a chance to apply concepts to real economic situations.

Think of these concepts (markets, elasticity, production, costs, market structures).  Take one or two of those concepts and use it to analyze and understand economic situations or decisions that you face in you're your company.  If you can't apply these concepts to your workplace you may use recent news items.  I would like you to:

-  Show how the economic concepts provide a framework for understanding the situations or decisions.

- Use economic concepts (goals, constraints, decision variables) to frame decision making (i.e. market structure will determine what decisions are available to a firm, such as a firm selling commodities largely has no control over price).  This will include understanding what decisions are available (what are the tradeoffs?) and how to use economic concepts to choose among available alternatives to make the most informed decision.

- I would like to see that you are able to use those concepts to further your understanding of "real world" situations and to make better, more informed decisions.

- You should provide needed background about the situation or decision so I can see how you are using the economic concepts.

 

Posted Date: 3/28/2013 3:42:52 AM | Location : United States







Related Discussions:- Apply concepts to real economic situations, Assignment Help, Ask Question on Apply concepts to real economic situations, Get Answer, Expert's Help, Apply concepts to real economic situations Discussions

Write discussion on Apply concepts to real economic situations
Your posts are moderated
Related Questions
How can value management be utilized to compare various possible design solutions? When the bottom-level objectives for a project have been acknowledged through these technique

There are three firms in an economy: A, B, and C. Firm A buys $450 worth of goods from firm B and $260 worth of goods from firm C, and produces 260 units of output, which it sells

what are the economic problems facing any individual in the economy

Define methods which can be used to monitor supplier performance. Methods to monitor supplier performance are as follows: a. Approval of designs: The organisation comments o

You are evaluating a project that has the following cash flows: -100 today, then cash inflows of 20, 30, and 40 for the next three years, respectively, and thereafter cash flows gr

QUESTION (a) Explain what factors might determine the level of investment in an economy. (b) ‘If investment increases it will cause an increase in income. If income increase

Question #1 A baseball team is trying to predict ticket sales for the upcoming season. They are also considering increasing prices. The market has a population of 2 million persons

#question the importance of managerial economics..

What is the Heavily Indebted Poor Country Initiative? The Heavily Indebted Poor Country (HIPC) aims to assist the poorest, most heavily indebted countries prevent by unsustain

The word of Keynesian -styles A Keynesian come about the rules creators on purpose look for to motivate additional than one of the modules of aggregate demand to improvement numbe