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2.  DEVRY ECON 545 Week 1 DQ 1 Supply and Demand  DEVRY ECON 545 Week 1 DQ 2 Elasticity and the Minimum Wage  DEVRY ECON 545 Week 2 DQ 1 Marginal Analysis  DEVRY ECON 545 Week 2 DQ 2 Controlling Costs  DEVRY ECON 545 Week 3 DQ 1 Mergers Acquisitions  DEVRY ECON 545 Week 3 DQ 2 Anti-Trust Policy and Microsoft  DEVRY ECON 545 Week 4 DQ 1 Macroeconomic News  DEVRY ECON 545 Week 4 DQ 2 Healthcare  DEVRY ECON 545 Week 5 DQ 1 Trade Deficits  DEVRY ECON 545 Week 5 DQ 2 Exchange Rates

3.  ECON 545 Week 1 DQ 1 Supply and Demand  ECON 545 Week 1 DQ 2 Elasticity and the Minimum Wage  ECON 545 Week 2 DQ 1 Marginal Analysis  ECON 545 Week 2 DQ 2 Controlling Costs  ECON 545 Week 3 DQ 1 Mergers Acquisitions  ECON 545 Week 3 DQ 2 Antitrust Policy  ECON 545 Week 3 Course Project 1 Microeconomic Analysis (Situation C)  ECON 545 Week 4 DQ 1 Current Topic in Macroeconomics  ECON 545 Week 4 DQ 2 Healthcare

4.  What is the difference between a change in demand versus a change in quantity demanded? A change in supply versus a change in quantity supplied? Why is it so important to differentiate between these similar- sounding terms?

5.  What are your thoughts about minimum wage legislation? What kind of a price-control policy is this? Who gains? Who loses? Are there alternatives to this legislation for achieving the same policy objectives? What role do demand and supply elasticities play in determining outcomes?

6.  Why is marginal analysis important in economics? How do the tutorials Basics of Marginal Analysis and Understanding and Applying Marginal Analysis at the end of this week's lecturereinforce the concepts of marginal analysis? How can any firm find the right production level which guarantees maximum profit (or minimum loss)?

7.  Name some of the ways firms attempt to control their costs. How does your firm control costs? The key here in keeping this question interesting is that reducing the workforce or having one person do the work of three people are not the only ways to control costs. I'm looking for more creative ways. Maybe you can think of some that your firm is not currently using. Be creative here.

8.  The Microeconomic Paper tests your ability to apply economic principles to a business decision. Select one situation from the items outlined below: A to D. Complete the paper on the selected situation as specified below. The completed paper is a professional report and is due in Week 3 (230 points). See the grading rubric at the end of this document. Be sure to use the DeVry library for finding data; avoid questionable sources, such as Wikipedia.  The following is a list of the specific required information, research, graphs, and math to be included in each answer regardless of the scenario chosen.  1. Demand Determinants:

9.  Have you ever been involved in a merger or acquisition? If so, tell us about your experiences. If not, comment on this week's tutorial, "The Private Sector."

10.  Review and chose a firm of your choice provided by your instructor. Is this firm a monopoly? In what ways could it be considered a monopoly? What markets are involved? What anti-trust legislation would apply? Is anti-trust legislation "fair" to your chosen firm? Why or why not?

11.  Scour the national media for a credible macroeconomic current issue (many good sources are available online) in which Chapters 19-21 is at the heart of the matter. Summarize your article for your colleagues and attach a link to your article. Make sure you appropriately refer to the textbook sections that apply to your chosen article.

12.  The healthcare sector is often cited as being fraught with just about every economic imperfection that is known to humankind. Can you identify and briefly describe ONE of these imperfections? Do you know of any examples?

13.  What have been some major causes of the large U.S. trade deficits since 1992? What is a major benefit (you could address that issue) or a major cost (or you could address that issue) associated with trade deficits?

14.  Do a little research about foreign exchange traders. It's a big business; how do they make money? What is the relationship between FX rates and interest rates?

15.  The Macroeconomic Paper tests your ability to apply economic principles to a business decision considering the impact of macroeconomic variables. Select one situation from the items outlined below: A to D. Complete the paper on the selected situation as specified below. The completed paper is a professional report and is due in Week 6 (260 Points). See the grading rubric at the end of this document. Be sure to use the DeVry library to find data, and avoid questionable sources, such as Wikipedia.

16.  What fiscal policies are required to fight unemployment? Which ones are required to fight inflation? What are some of the downside risks and potential problems involved when using fiscal policy?

17.  What are the monetary policies required to fight unemployment? What about those required to fight inflation? What are some of the downside risks and potential problems involved when using monetary policy?

18.  What is the appropriate balance between private and public (i.e., government) activity? Think of a case where the government has intervened (or it was suggested that government intervene) in a previously private market (e.g. Chrysler, tariffs on Japanese luxury cars, the airline industry, etc). What other examples can you think of? Using a marginal benefit/marginal cost analysis, support or argue against the intervention.

19.  Let's discuss one of the most important areas of economics, namely the use of leading economic indicators to forecast the future direction of the macroeconomy. What websites are helping you gain a better understanding of where the economy is heading in the next 12 months? 

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