Category: Economics

Term Paper:
Students must prepare a three to four page typewritten double-spaced

Term Paper:
Students must prepare a three to four page typewritten double-spaced paper on a current macroeconomic topic that is pertinent to class material. This can be chosen from the textbook, newspapers, magazines, or current economics periodicals.
Students will be expected to analyze and evaluate the issue or topic and provide recommendations. Here are some sample topics:
– The impact of drug legalization on the economy
– Using economics, how would you fix the homeless problem in California?
– Is the bullet train viable in California?
– How do interest rates affect consumers and their purchasing patterns
– How could the “Great Recession” have been prevented?
– Countries that do not believe in comparative advantage
– How could the Federal Government reduce the national debt?
– If you were the President of the U.S. what would you do to improve the economy?
– Which presidential candidate will have the most profound impact on the economy?
Length – 3 to 4 pages in length, double-spaced, with 1 inch margins. Any paper that deviates from these requirements will be penalized (this does not include the title page and the table of contents). Arial or New Times Roman (12 pt) will be the only acceptable fonts. Use headings within the report when appropriate. A table of contents page is necessary. Plan the paper carefully so as to develop an organized and non-redundant report. It should be organized and assembled as a continuous report and should not appear to be several independent segments bound together. You must have a minimum of five sources. Please cite your sources using MLA or APA Format (the Writing Center can offer assistance if you do not know how to do this). Some other helpful sites include – http://owl.english.purdue.edu/owl/resource/560/01/, http://owl.english.purdue.edu/owl/resource/557/01/, http://www.cuyamaca.edu/tpagaard/EnglDept/Resource…
DO NOT PLAGIARIZE – IT WILL RESULT IN A 0

Examine the diverse applications of Monte Carlo simulation across various fields

Examine the diverse applications of Monte Carlo simulation across various fields, including but not limited to finance, online gaming, healthcare, project management, marketing & advertising, and environmental sciences. Evaluate the efficacy of Monte Carlo simulation in optimizing designs, forecasting outcomes, and mitigating uncertainties within these distinct contexts. Assess how Monte Carlo simulation techniques are employed to model complex systems, simulate probabilistic events, and inform decision-making processes. Additionally, analyze the challenges, limitations, and opportunities associated with the utilization of Monte Carlo simulation across these domains. Consider factors such as computational complexity, assumptions of independence, data quality, and the ability to accurately capture rare events. Reflect on the potential for Monte Carlo simulation to revolutionize approaches to problem-solving and risk management across a spectrum of industries and disciplines.
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.

In your own words, address the following requirements.
Be sure to exceed a minim

In your own words, address the following requirements.
Be sure to exceed a minimum of 100 words for each GDP component and assignment requirement to ensure thorough depth and detail is utilized in demonstrating your understanding of the answer.
Identify and describe each of the four components of the Gross Domestic Product.
1)
2)
3)
4)
Economists believe the ideal GDP growth rate is 2%-3% and is a measure of a country’s economic health. During the Great Recession of 2008, we had several quarters of economic contraction, and we saw this again in 2020 because of the COVID pandemic. Think about how you, members of your family, or friends may have been affected by these economic downturns.
What is a decline in the GDP referred to, and how might this directly affect us as both workers and consumers?
Explain why we don’t want an extremely high GDP growth rate and discuss how this might affect us as consumers.
Submit
Submit a Word Document containing your assignment and the following requirements:
Paper Requirements [minimum of 100 words per question – 600 total words]
Intext Citations and References are required
APA Requirements
1” inch margins
Times New Roman 12 pt font
Double-Spaced
Title Page
Reference Page

Week 1 – Discussion Question 2: Maximization of Profit
In economics, the assumpt

Week 1 – Discussion Question 2: Maximization of Profit
In economics, the assumption of maximization of profit explains behavior of firm.  Profit is defined as total revenue minus total cost and profit is maximized at the level of production where total revenue exceeds total cost by the largest margin.  At what level of production would firm profit be maximized?  Would profit be maximized by producing the optimal output or the maximum output?

Activities
Learning 
Resources – Chapters 8 and 9
i have uploaded the book to he

Activities
Learning 
Resources – Chapters 8 and 9
i have uploaded the book to help.
you will also need to repsond to two different peers.
Discussion 4
Option #1:
Our text explains that the perfectly competitive market is “a hypothetical extreme,” yet we still find it useful to study this market. Identify an industry connected to your career path or that you are interested in from the perfectly competitive market model. Why would this industry be interested in studying the perfectly competitive market model? How would the results from the perfectly competitive market process help a firm in this industry?
Responses: Identify a similarity or difference between your peers’ arguments and your own.
OR
Option #2:
When we consider monopolies, it is interesting to note that in the long run, most perceived monopolies do have to compete with other monopolies. That is, if my electric company is bad, I can move to another electric company’s zone. Consider the short run where it may not be an option to simply move to an area served by another company.
Identify a monopoly that is prevalent in your life. Is it a natural or legal monopoly? How do consumers benefit from your monopoly being a monopoly? What are some drawbacks?
Responses: Compare your peers’ responses to your own. How similar or different is their assessment?

Throughout the course, you will be assigned “Creative Assignments” that will all

Throughout the course, you will be assigned “Creative Assignments” that will allow you to present information in formats other than formal academic writing.  
For this assignment, select at least 4 companies and place them on a continuum from pure competition to pure monopoly using an infographic. For each company, explain why you placed it where you did. Provide supporting evidence as if your audience has never heard of the company. Be sure to provide a source for any statements of fact that you make.  
Be creative! Try to convey the main idea for each firm within the infographic. You can use single words, pictures, symbols, or anything you think of to convey the main idea. You can then supplement this with footnotes or notes at the bottom of the page to identify your sources. 
A Word document with a blank continuum is provided as an example. (attached) Identify any sources that you might use – this can be done as a footnote on the infographic itself. Strict APA format is not required as long you provide enough information so that your source(s) can be found. Additional suggestions: You may find a company that falls “between” two types of market structure, having some characteristics of each.  If that is the case, you can place it between the two market types, closest to the one that best represents the company. If you have more than one company with the same market structure, you can stack them above each other above the continuum.
Access the article that describes what an infographic is (https://venngage.com/blog/what-is-an-infographic/)  to get an idea what you will be creating. The infographic should include pictures, clip art, photos, words, numbers, or anything you can think of to convey your idea. You may use any tool you would like to create your infographic. Softwares include but not limited to: 
Microsoft Word 
Photoshop 
a single PowerPoint slide 
Venngage 
Piktochart 
Canva 
Easelly
Depending on the software you choose: save, export or take a screenshot of your completed infographic for submission. Important: Be sure to identify any sources that you might use – this can be done as a footnote on the infographic itself OR listed separately in the text box of the submission link. Strict APA format is not required as long you provide enough information so that your source(s) can be found.

Write a one full page, double-space, summary-opinion of the assignment. Fill the

Write a one full page, double-space, summary-opinion of the assignment. Fill the page. The assignment is graded on completeness and content. Write one-half to two-thirds of the page as the summary. For the remaining one-half to one-third, write your opinion using economic principles. Pay attention to grammar. https://www.youtube.com/watch?v=m4MahOuEdVw

Assess the effects of increased regulation on big tech companies operating in mo

Assess the effects of increased regulation on big tech companies operating in monopolistic or oligopolistic markets.
Topic #2: Examine recent antitrust cases and regulations aimed at curbing the market power of big tech firms like Google, Amazon, and Facebook.
Elasticities: Analyze the cross-price elasticity of demand between the services offered by these companies and potential competitors. Consider how regulation might affect consumer choices and prices.
Market Structures: Evaluate the impact of regulatory measures on market structures, potentially transforming monopolistic or oligopolistic markets into more competitive ones.
Marginal Utilities: Investigate the changes in consumer marginal utilities resulting from increased competition and the potential for improved service quality and innovation.
Students should assess how effective regulations are in reducing market concentration, enhancing consumer welfare, and promoting fair competition without stifling innovation in the tech sector.
The report will be 750 to 1250 words in length (roughly 3 to 6 pages).
The report must be typed using APA format and the following rules from me:
Double-spaced
Standard margins
12 pt.
Times New Roman or Arial font
A minimum of three documented sources
In-text citations with work cited page (not included in word count)
Must be saved in .doc or .docx format.

Activities
Learning 
Resources – Chapters 6 and 7
i have uploaded the book to he

Activities
Learning 
Resources – Chapters 6 and 7
i have uploaded the book to help.
you will also need to repsond to two different peers.
PLease separate discussion  and exercise 
Discussion 3
Pick a firm in the real world and explain whether you think they would be considered in the range of economies of scale, diseconomies of scale, or constant returns to scale. Do you think your firm’s market can support several firms that are sized differently? Or do you think their market must have identically (or nearly identically) sized firms? Why might this be?
Responses: Compare and contrast your peers’ identified markets with your own. How did their markets differ? How were they similar?
Exercise 2
Chapter 6
Explain why a decrease in a product’s price would lead to an increase in purchases.
Would you expect the total utility to rise or fall with additional consumption of a good? Why? Would you expect the marginal utility to rise or fall with the additional consumption of a good? Why?
Chapter 7
What are explicit and implicit costs? What is the difference between accounting and economic profit?
What shapes would you generally expect a total product curve and a marginal product curve to have?
Are there fixed costs in the long-run? Explain.
What shape of a long-run average cost curve illustrates economies of scale, constant returns to scale, and diseconomies of scale?
Mathematical Questions
The questions below are more focused on your ability to conduct calculations and/or create graphs. In these instances, a simple numerical answer or graph should be sufficient.
If a 10% decrease in the price of one product that you buy causes an 8% increase in the quantity demanded of that product, will another 10% decrease in the price cause another 8% increase (no more and no less) in quantity demanded?
A firm had sales revenue of $1 million last year. It spent $600,000 on labor, $150,000 on capital and $200,000 on materials. What was the firm’s accounting profit?

Part 1
Read this abbreviated analysis of the Hardball Negotiation Tactics:
https

Part 1
Read this abbreviated analysis of the Hardball Negotiation Tactics:
https://www.pon.harvard.edu/daily/business-negotiations/negotiating-in-extra-innings-nb/
1.According to the analysis, what are the reasons why major league teams are slow to sign top free agents?
2. What can baseball players do to speed up the negotiation process? 
3. Can you relate to this issue of running out of time during a negotiation? Please share examples of a negotiation that you have been part of that is similar or one you can see yourself in in the future.
4. What have you learned about negotiation in this module that you feel will help you or your classmates reading this board with their future negotiations?
Part 2
Response to Classmates: SHORT AND SIMPLE
Review and respond to at least two of your classmates’ postings. Your responses need not be long, but they should add substantial thought to the topic. You may certainly respond to more than two classmate posts but will only be graded on two. Consider spreading the wealth if you see a post that hasn’t received a response. Respond by continuing the conversation through quality engagement in any of the following ways: 
Offering a new point of view
Asking a question to further the discussion
Sharing personal experiences or knowledge
Tying the information to new knowledge gained
Offering further research or information on the topic
Classmate #1:  Anthony Carlock
1. Teams are able to reduce the power of negotiation for players by prolonging the process. They use this as a strategy because some players will feed into the fear of missing out. Another method used to coincide with this idea is when players sign late in the off-season they tend to sign at significantly cut prices than what was initially forecasted. Teams leverage this to acquire players much more feasibly.
2. Players can adapt and speed up the negotiation process by anticipating the instability in the process and set forth a plan for renegotiation. Players can accomplish this by including clauses in their contract that at suitable intervals allow renegotiation. Additionally, putting in dispute resolution clause can help smoothen out the process and reduce friction between the parties.
3. I have personally dealt with being constrained for time in negotiation. Often times in the job search process, I like to gather as many options as possible. The issue I run into with this strategy is when I am given an offer I am granted a small window of time to make a decision. The short turn around for me to accept an offer hinders my ability to weigh my options speaking to other employers.
4. I learned from this module the importance of being prepared as possible to obtain as much knowledge of my opposition or potential business partners to understand their motivations. In some of my sales jobs, this has been accomplished by building a rapport to establish some form of a relationship with clients. One of the Harvard case study illustrates this as it recalls Bob Iger of Disney executing a relationship based strategy to acquisition Lucasfilms from George Lucas. Alternatively understanding the Best Alternative to a Negotiated Agreement (BATNA), can allow you to stay firm within your negotiable boundaries and be fully aware of every aspect in a deal to execute optimally
Classmate #2:  Michael Paz
According to the analysis, major league teams are slow to sign top free agents include for various reasons and do so with the end goal of being able to get the most out of deals with players. One reason is that major league teams use time to their advantage, the longer players wait to sign, the lower their negotiation power tends to be. Teams can always speak to other free agents if they can’t agree with a specific player so playing the long game grants them more negotiating power. Another reason is that the pressure to sign, for players, mounts as the window available for them gets smaller. This works out for teams as players who sign late in the off-season tend to settle for far less then they were expected to initially. Two more reasons why MLB teams are slow to sign top free agents are because they no longer rely on ticket sales as much and as a result focus on building their team around younger, less expensive players.
To speed up the negotiation process, baseball players can try using a few approaches mentioned in the analysis. They can anticipate instability by being aware that circumstances and implement a flexible negotiation process to atone for these changes. MLB players should also consider making sure their contracts include clauses that allow for renegotiation, this way even if they have to sign a not so ideal deal today, down the line they can renegotiate themselves to be in a better position. Another way to speed up the negotiation process is by identifying areas where their goals align with those of a certain team, opening up for win-win situations for both parties. Lastly, another strategy players can consider is teaming up with others to gain collective bargaining power.
Running out of time is something that can happen quite often in different negotiating scenarios. In my case specifically, I was impulsively looking to buy a set of wheels on Facebook Marketplace and after exchanging a few messages with the seller I learned that I wasn’t the only person interested in buying them. The seller told me the other person’s offer and asked hear to mines before selling the wheels but I stalled to shoot a number. I was skeptical, and thought the seller was lying about there being another interested buyer in order to inflate the price and rush the deal. I sent him my offer the next day only to find out the wheels had been sold already. I ran out of time to send my offer for thinking the seller might have been lying but was not disappointed because I knew I didn’t need the wheels and was just impulsively looking to buy.  
Some of things that I learned in this module that I feel would help some people out is the importance of being prepared, being an effective communicator, and being flexible. Preparation is everything in almost anything you, of course there are cases where unexpected things happen, but doing research and remaining prepared will only help when negotiating. Being an effective communicator includes being able to clearly convey one’s interests while understanding the other party’s needs, which will help find a common ground. Lastly, being able to adapt to changing situations can help leverage oneself out of suboptimal situations or even take advantage those that offer new bargaining power.