Explian role asymmetric information has in many transactions

Assignment Help Microeconomics

Reference no: EM131816549

Assignment

Exposes students to subjects that are intended to whet their appetites for further study in economics. Students will use the theory of consumer choice and the impact of the concepts of asymmetric information, political economy, and behavior economics, to describe how consumers make economic decisions.

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

Write a 1,050-word analysis including the following:

• The impact the theory of consumer choice has on:

o Demand curves
o Higher wages
o 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.

Format your paper consistent with APA guidelines.

Reference no: EM131816549

Questions Cloud

How does the 2008 update change the ethics of the situation : How does the 2008 update change the ethics of the situation? Is it ethical for your friend to read and update Facebook using the company's computers?

Discuss the broad range of talent management efforts : Explian and discuss the broad range of talent management efforts that use software applications to help you Director to make an educated decision.

Remains found of downsized human species : "Remains Found of Downsized Human Species" reports that "once upon a time, on a tropical island midway between Asia and Australia, there lived a race

What is the slope of the security mark : If the market portfolio has an expected return of 0.12 and a standard deviation of 0.40, and the risk-free rate is 0.04, what is the slope of the security mark

Explian role asymmetric information has in many transactions : Explian The role asymmetric information has in many economic transactions and The Condorcet Paradox and Arrow's Impossibility Theorem in the political economy.

What is the beta of the portfolio : An investor has $10,000 invested in Treasury securities and $15,000 invested in stock UVW. UVW has a beta of 1.2. What is the beta of the portfolio?

Explain the general purposes of the management report : Identify five subject areas or topics which have been recommended for inclusion in the management report

Use software to find the mean and standard deviation : a. Use software to find the mean and standard deviation. b. Report the z-score for the shortest film, about the camel.

How externalities may prevent market equilibrium : Discuss how externalities may prevent market equilibrium and the various governments policies used to remedy inefficiencies in markets caused by externalities.

User Account

All Pages