Why is it important that prices are flexible in our economy? Do you think the go
Why is it important that prices are flexible in our economy? Do you think the government should control the level of prices for products that are really important, ie. gasoline?
After reading the vignette at the beginning of Chapter 17, choose one of the fol
After reading the vignette at the beginning of Chapter 17, choose one of the following topics to explore the role of data analysis in shaping healthcare policy decisions. Your discussion should reference the provided vignette as a foundation for understanding the impact of analytical tools in healthcare. Address the specific points listed for your chosen topic.
Eradication of Infectious Diseases: Discuss the role of key organizations such as the World Health Organization, the CDC, and the Bill & Melinda Gates Foundation in global health initiatives. Examine how decision analysis tools like decision trees and probability distributions are utilized in disease eradication efforts. Analyze the effectiveness of rapid response to outbreaks versus achieving high immunity rates. Reflect on the financial and health impacts of global health initiatives and the significance of awards recognizing this work.
Cost-Benefit Analysis in Healthcare: Describe how organizations use cost-benefit analysis to evaluate different policy options in healthcare. Detail the use of decision trees and probability distributions in modeling costs and benefits. Discuss the calculated cost tradeoffs between different healthcare strategies. Evaluate the financial and health benefits of large-scale health initiatives, including the estimated net benefits and recognition of successful projects.
Vaccination Strategies and Public Health: Discuss the significance of vaccination strategies (e.g., different types of vaccines) in public health. Analyze how decision analysis tools help determine the most effective vaccination strategies. Explore the findings related to rapid response versus high immunity rates and their implications for public health policy. Reflect on the impact of these strategies on global health and the recognition of contributions to public health.
Rapid Response to Disease Outbreaks: Discuss the importance of rapid response in controlling disease outbreaks. Examine how decision analysis models evaluate the effectiveness of rapid response compared to maintaining high immunity levels. Analyze the findings regarding the speed of response and its cost implications. Reflect on the broader lessons for public health policy and the importance of data analysis in outbreak management.
Your discussion should demonstrate a clear understanding of the role of data analysis in healthcare policy and decision making.
Grading Criteria – Refer to the Discussion Forum Grading RubricDownload Discussion Forum Grading Rubric
For full credit on the discussion forums, students must:
make a substantial initial post (500 words minimum) responding to the discussion prompt questions while citing at least two credible sources
APA 7th Edition format is required for initial discussion posts.
Your two references should be one scholarly and one supportive that further substantiate the significance of your comments. The scholarly reference should be drawn from reputable academic journals or books, while the supportive reference can be sourced from industry reports, reputable news articles, or credible business publications. Then use those references to explain your thoughts and ideas.
You will need to make a PowerPoint on My case study healthcare
i have provided a
You will need to make a PowerPoint on My case study healthcare
i have provided a template that you must follow
the PowerPoint requires 8 graphs in total, 4 for supply in health care during COVID-19 and 4 for demand all during covid-19 time frame I have provided 6 graphs feel free to use those and add the remaining 2 or you can research 8 new graphs PLEASE LABE THE GRAPH X AND Y AXES.
I have attached the case study paper you can use to make the 10-15 min verbal speech presentation
a SWOT analysis will be needed for the PowerPoint based off the case study doc provided.
Overview
You will prepare a narrated presentation. This presentation will be a 10 to 15-minute PowerPoint presentation on the chosen Economic Case Study topic from Part 1. You will be responsible for incorporating the visual figures (Charts, Graphs) provided in Part 2. You must use the template provided, remove any slides in the demand and supply sections you do not need. Be sure to meet the minimum requirements in the instructions.
Instructions
PowerPoint must be a minimum of 10 slides not including title and reference page. You may use the notes page for your notes or a separate Word document. The presentation must be recorded, see how to use VidGrid to narrate your presentation. Any presentation submitted without a narration will receive a “0”.
Below is an outline of the expected notes, the presentation template is below which follows this same outline:
Introduction:
Title Page
Introduction to topic
Why student choose the topic
Section 1
Demand – Figure 1
Demand – Figure 2
Demand – Figure 3
Demand – Figure 4
Section 2
Supply – Figure 1
Supply – Figure 2
Supply – Figure 3
Supply – Figure 4
Section 3
Projections – How do you think the market is doing, will do?
SWOT Analysis
Section 4
Closing Remarks
Questions
References – Must have three references. Two of them have already been provided in Part 1 and 2.
Each section is worth 20 points (80 total), overall adherence to APA 7 formatting (10 points) and proper use of the template (10 points)
IIn Part B of Chapter 8 the textbook introduces the topic of how a firm’s financ
IIn Part B of Chapter 8 the textbook introduces the topic of how a firm’s financial structure (debt versus equity finance) might affect the incentives of managers.
For this week’s Article Review assignment, the journal article chosen must relate to the topic of managerial incentives in firms financed by debt as compared to those finance by equity. Be sure to use the required form when submitting the article review.
The textbook for
this course is required.
McKenzie,
Richard , D. Eric Schansberg, and Dwight Lee. Microeconomics for Managers –
Principles and Applications. 4th edition. Cambridge University
Press.
Unlike the Discussion Forums which require current news
articles, the six Article Reviews require the student to find a current journal
article (from a business or economics journal – Federal Reserve Bank monthly
publications are acceptable if the article is relevant to managerial
economics).
Students must use the form provided for
submitting article reviews (it reminds students of the requirement for a
successful article review). Summary is restricted to the Executive Summary section
of the form. The analysis section (the
executive summary does not count toward this) has a 600-word minimum, and as
with the original posts for the Discussion Forums, the analysis must be
motivated by the material presented in the textbook.
Points will be deducted on Article Reviews if:
·
The form provided is not used
·
The bibliographic entry is missing or incorrect
·
The article (or a link to it) is missing
·
The article is from an inappropriate source
·
The article is off-topic
·
The analysis falls short of the 600-word minimum
·
The analysis contains summary rather than
analysis
·
The analysis fails to reflect what is in the
textbook (or other assigned readings)
·
The analysis is submitted after the due-date
For this discussion you will be reflecting on your project experience. Consider
For this discussion you will be reflecting on your project experience. Consider the following:
This is one time you do not have to have ANY additional references; you are your reference. (Unless you found a really cool site or journal you would like to share, please do!) Please see the word requirements below. You are expected to proof your work and use appropriate grammar and professional terms and language.
Discuss your journey with your chosen business analysis project, starting with the factors that influenced your decision in selecting it. Explore how the project aligned with your interests or career aspirations, providing insights into why you were drawn to it among other potential topics.
Detail the specific problem or challenge you investigated within your project. Describe the context surrounding this problem and the methods you employed to analyze and address it. Reflect on the key findings and insights you uncovered throughout your analysis, highlighting any unexpected discoveries or significant outcomes.
Examine the various aspects of the project that you found particularly intriguing, as well as those that posed challenges or complexities. Discuss how you navigated these challenges, detailing any strategies or approaches you implemented to overcome obstacles and achieve your objectives.
Furthermore, reflect on the broader implications of your project experience. Consider whether it has influenced your perspective on the industry you investigated and whether it has shaped your career aspirations in any way. Reflect on whether you feel more inclined to pursue a career in this industry based on your project experience, or if it has prompted you to explore different paths or areas of interest.
Overall, provide a comprehensive reflection on your business analysis project, detailing the journey from its inception to its completion and the impact it has had on your personal and professional development.
Grading Criteria – Refer to the Discussion Forum Grading RubricDownload Discussion Forum Grading Rubric
For full credit on the discussion forums, students must:
make a substantial initial post (500 words minimum) responding to the discussion prompt questions while citing at least two credible sources
APA 7th Edition format is required for initial discussion posts.
Your two references should be one scholarly and one supportive that further substantiate the significance of your comments. The scholarly reference should be drawn from reputable academic journals or books, while the supportive reference can be sourced from industry reports, reputable news articles, or credible business publications. Then use those references to explain your thoughts and ideas.
Textbook Source: Amacher, R., & Pate, J. (2019). Principles of microeconomics (2
Textbook Source: Amacher, R., & Pate, J. (2019). Principles of microeconomics (2nd ed.). Bridgepoint Education.
PART ONE:
Prior to beginning work on this discussion forum, review Chapter 7 of your textbook, Principles of Microeconomics. Imagine that you own a restaurant in downtown Chattanooga. You are thinking about expanding the restaurant by adding more workers and buying more kitchen equipment. Based on this scenario and the readings for this week, answer the following questions:
Distinguish between the short run and the long run for your restaurant. Make sure to provide examples.
Explain if the restaurant faces the issue of diminishing marginal product of labor.
Discuss how the restaurant can reduce diminishing marginal productivity while expanding the business.
PART TWO:
Guided Response: Review your colleague’s posts and reply. Provide substantive responses that use theory, research, experience, or examples to support ideas and advance class knowledge on the discussion topic. In your response, address the following:
What is similar or different between your post and theirs?
Explain to your classmates the impact on variable and fixed costs if you install new kitchen equipment and add more workers.
CLASSMATE VICTORIA:
Expansion Considerations for a Downtown Chattanooga Restaurant
Short Run vs. Long Run
In economic terms, the short run is defined as the period during which at least one input is fixed, while the long run is a period in which all inputs can be varied. For a restaurant in downtown Chattanooga, the short run could involve increasing the number of workers or buying more kitchen equipment without expanding the physical premises. For instance, hiring additional kitchen staff and servers to manage increased customer traffic would be a short-run adjustment. However, adding a new dining area or expanding the kitchen itself, which requires significant construction and investment, would be a long-run decision. As Amacher and Pate (2019) note, “The short run is the period of time that is too short to vary all the inputs; one or more of the inputs must remain fixed” (Amacher & Pate, 2019, p. 204).
Diminishing Marginal Product of Labor
The restaurant may face the issue of diminishing marginal product of labor. This principle states that as more units of a variable input (e.g., labor) are added to fixed inputs (e.g., kitchen space and equipment), the additional output produced by each additional unit of input will eventually decrease. Initially, hiring more chefs and waitstaff can significantly boost output and service efficiency. However, beyond a certain point, adding more workers may lead to overcrowding and reduced productivity, as they have to share limited kitchen space and equipment. As the textbook explains, “As more and more units of a variable input are added to a set of fixed inputs, the resulting additions to output will eventually become smaller” (Amacher & Pate, 2019, p. 212).
Reducing Diminishing Marginal Productivity
To mitigate the effects of diminishing marginal productivity while expanding the business, the restaurant can implement several strategies:
1. Improving Workflow Efficiency: Streamlining kitchen processes and improving workflow can enhance productivity. For example, redesigning the kitchen layout to minimize movement and optimize space can allow more workers to operate efficiently without getting in each other’s way.
2. Training and Specialization: Providing additional training for staff and encouraging specialization can improve efficiency. Specialized roles such as dedicated prep cooks, line cooks, and servers can reduce time wasted on multitasking and enhance overall productivity.
3. Technology and Equipment Upgrades: Investing in advanced kitchen equipment and technology can increase the productivity of each worker. High-efficiency ovens, automated cooking equipment, and modern point-of-sale systems can help maintain high output levels even as more staff are added.
4. Flexible Scheduling: Implementing flexible scheduling to align with peak demand times can ensure that the restaurant has the right number of staff working during busy periods without overstaffing during slower times.
By focusing on these strategies, the restaurant can expand its capacity and output without succumbing to the diminishing marginal returns that typically accompany the addition of more labor to fixed inputs.
In conclusion, while expanding a restaurant in downtown Chattanooga, it is crucial to distinguish between short-run and long-run adjustments, recognize the potential for diminishing marginal returns, and implement strategies to mitigate these effects to maintain high productivity and profitability.
Suppose
I can measure the number of times incorrect information was provided to
Suppose
I can measure the number of times incorrect information was provided to
customers from our service department (labeled E for number of
errors). We have noticed with
concern that E has been increasing steadily so we began initiating
training for our service team. The
number of hours of training completed is designated by T. Based on data analysis we have estimated
the following relationship between E and T to be:
E = 1800 – 20T + 2T2
(3 points) Graph this function. What is the intercept and slope of this
equation, and provide interpretations of both these within the context of
this problem.
(2 points) Does this
functional form seem
reasonable? Explain fully – really
think about the variables and how they are likely related.
(2 points) What level of training (T) would
minimize the number of errors produced (E)? What is the value of the minimum number
of errors? Show all your work and
explain the economics behind
the steps!
(1 point). Suppose
we are still concerned with the number of errors and are thinking about
switching to a different set of training tutorials that we thing would be
more effective. If the new
tutorials are indeed more effective we would see a change to the function
identified above. Specifically, the
-20T could change, and/or the +2T2 could change. Intuitively, what is the difference
between these two terms changing?
Hint: functions are all
about relationships – so when the function changes it is saying that the
relationship is changing. There are different ways the relationship can
change and this is the focus of the question.
(2 points) What is a relationship between
two variables in your professional or personal life that you would like to
be able to estimate? What are the
two variables, how are they measured, and do you believe the relationship
is linear or non-linear (explain why)?
Lastly, what is your motivation for gathering this specific
information?
Be sure that you have carefully read the instructions for participating in the w
Be sure that you have carefully read the instructions for participating in the weekly discussion forums, especially as regards what is acceptable as a current news article.
In Chapter 9 the textbook explores the topic of team production. We know from earlier chapters of the book that teams can be productive, but that the larger the team, the more likely that shirking will occur. Under what conditions will team production be most attractive? What methods can deter shirking? How should teams and their members be paid?
For this Discussion Forum, find a current news article that deals in some way with the government’s use of tariffs and quotas. Have the results for the whole economy been good or bad?
Online Discussion Expectations
Discussion is an integral part of the classroom
experience. Individual participation and
contribution to online discussion sessions is encouraged and expected.
Here are qualities of a full-credit student post (adapted
from Sloan Consortium http://www.sloan-c.org):
·
Substantial – cites PowerPoint, textbook, or
video segments
·
Concise – focused response.
·
Provocative – student asks a question to
facilitate discussion
·
Interpretative – expands concepts or connects
ideas in new ways
·
Timely – posted within set time limits
·
Grammatical – free of writing errors
A student should not make all contributions in one or two
days. In order to receive full-credit
for discussion, you are encouraged to participate in the discussion at various
times throughout the discussion week.
The vast majority of the Discussion Forums are tied to the
chapters in the textbook – one for each of the twelve chapters. These forums
require that the student make a substantial original post (500 words – NOT
counting the hyperlink and reference) and respond to the original posts of at
least two other students (100 words each).
The original posts must include a working link to a current
news article (NOT an article from a professional journal) as well as an
APA style reference for the article.
One of the goals for this class is for students to use
concepts introduced in the course to analyze current issues in managerial
economics, hence the emphasis on current news articles.
·
Current
means an article that is recent – published within the last six months or so.
·
News
means an article from a recognized news source such as a daily newspaper or a
weekly or monthly news magazine.
Online versions of those sources are fine, but BEWARE the
use of online articles from websites that are devoted to a particular point of
view, whether it be progressive or conservative. Why? Because they usually put too much of a
spin on what is supposed to be a news report. Also do not use articles from
online encyclopedias. While they may provide information on the topic at hand,
but it will be definitions and history as opposed to current news.
HINT: When doing a Google search, below the box where you
enter what you are searching for, select “News.”)
Because these Discussion Forums linked to the individual
chapters are a key part of assessing the student’s mastery of key concepts
presented in the class, full credit requires applying concepts from the
textbook in analyzing the chosen news article – summarizing the article is
unnecessary and inadequate.
Responses to original posts must go beyond nice job” or “I
agree with your post.” For full credit they must advance the analysis in some
way – perhaps by reference to the news article selected by the respondee.
Points will be deducted on original posts if:
·
They are late
·
They fail to meet the required word minimum
·
The article is not current (within the last six
months)
·
The article is not a news article
·
The article is short and offers little for
analysis
·
The post is summary rather than analysis
·
The post fails to reference material from the
textbook
·
The post fails to include a working hyperlink
that can be used by others to read the article
·
The post fails to include an APA reference
Most of you are in college because you want a job. That job will probably be in
Most of you are in college because you want a job. That job will probably be in the service economy. That said, there are many services that Chapter 8 did not cover. The video for this week covers one of the services that we often take for granted.
After reading the chapter and watching the video, I want you to write a 500-750 word short essay explaining what you learned from the video and analyzing how it relates to the overall service economy. Consider the diversity of the service economy and how diverse the economy of “trash” is.
Video: Trash INC: The Secret Life of Garbage
Respond to the following in a minimum of 175 words:
GDP is a strong measure of t
Respond to the following in a minimum of 175 words:
GDP is a strong measure of the health of the economy, and it’s among the most important and widely reported economic data.
In your own words, summarize nominal GDP.
Locate an online news article that discusses impacts to GDP in some way. Summarize the article and explain its relation to/impact on GDP.
Cite your sources.
respond to two classmates
1st response – The Nominal GDP refers to the total market value of every finalized good and the services produced inside a country throughout a specific period, in most cases calculated annually or quarterly without adjusting for inflation. It reflects current prices, offering insight into economic activity and production levels. However, it may be influenced by price-level fluctuations rather than solely reflecting actual growth or productivity.
However, the impact of the Federal Reserve’s decision to increase interest rates on the U.S. economy is discussed. These rate hikes are being implemented to counter high inflation rates, resulting in a slowdown in consumer spending and business investment. Consequently, the GDP growth rate has been affected, with recent quarters showing a deceleration in economic expansion. While these rate hikes and aim to stabilize prices, the immediate consequence often involves a decline in economic activity, as evident in the nominal GDP figures.
The relationship between interest rates and GDP is crucial. The Federal Reserve aims to control inflation by increasing interest rates, restricting the money supply, and curbing excessive spending. This action can elevate borrowing costs for consumers and businesses, potentially impeding economic growth. As spending and investment levels decrease, the overall production of goods and services within the system slows, reducing GDP growth. Therefore, the adjustments in monetary policy directly impact economic output and the economy’s overall health.
2nd response –