# Principles of Microeconomics Essay

Custom Student Mr. Teacher ENG 1001-04 28 April 2016

## Principles of Microeconomics

Individual
Article Analysis
Paper

Research the University Library and Internet, and select a recent news article concerning trends in consumption patterns of a specific product, such as gasoline, oil, grain, or coffee. [As an example: The following article which is located in the Electronic Reserve Readings on the student website is an example of trends in consumption patterns: Hauser, C. (2011, August 24). Sales of new homes fell again in July. The New York Times. p. 6. Retrieved from EBSCO host. Note. Do not use this article for your assignment.

Write a 700 – 1,050-word paper in which you do the following: Analyze the basis for the trends in consumption patterns, as discussed in the article you selected. Discuss the utility derived from a product or service mentioned in the article. Describe what has occurred to change the demand for the product or service and its market and equilibrium prices. Assume that supply remains the same. Describe what has occurred to change the supply of the product or service and its market and equilibrium prices. Assume that demand remains the same.  In your opinion, is demand for this product or service price elastic or inelastic? What does this imply about how consumers respond to changes in the price of this product or service? Support your determination of the price elasticity of demand with a reference. Format your paper consistent with APA guidelines.

ECO 365 Week 2 Individual – Supply and Demand Simulation 2
Price: \$6.99

Individual
Supply and Demand Simulation

Complete the Supply and Demand Simulation located on the student website. Write 700 – 1,050-word paper of no more than summarizing the content. Address the following:  Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as macroeconomic or microeconomic. Identify at least one shift of the supply curve and one shift of the demand curve in the simulation. What causes the shifts? For each shift, analyze how it would affect the equilibrium price, quantity, and decision making. How may you apply what you learned about supply and demand from the simulation to your workplace or your understanding of a real-world product with which you are familiar?  How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity? Relating to the simulation, explain how the price elasticity of demand affects a consumer’s purchasing and the firm’s pricing strategy. Format your paper consistent with APA guidelines.

ECO 365 Week 2 Learning Team Reflection Paper – Production and Cost Analysis Price: \$6.99

Learning Team Reflection Paper:
Production and Cost Analysis

Discuss this week’s objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field. Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

ECO 365 Week 3 Learning Team – Current Market Conditions Paper Price: \$6.99

Learning Team
Current Market Conditions Competitive Analysis

Imagine you are part of a strategic planning group at a large corporation that is considering developing a new proposed product. The marketing director has asked your team to do a competitive market analysis to determine the product’s potential success. The analysis will focus on your primary competitor in the product’s market. Select a potential competitive organization and a product in that organization. Write a 1,400 – 1,750-word paper of no more than analyzing the current market conditions. Address the following topics: A short history of the competitor organization (a real firm) and a description of their product.

Factors that affect demand, supply, and equilibrium prices in the market in which the competitor organization operates: Define the market for your chosen product, including an analysis of its competitors, potential customers, or potential buyers. Any issues or opportunities your organization or industry faces that affect its competitiveness and long-term profitability with regards to your product: This may include, but is not limited, to the following elements.

o Price elasticity of demand

o Technological innovation
o The relationship between the amount of labor & capital employed and the law of diminishing marginal productivity o Cost structure

Factors affecting variable costs, including productivity and others that change the supply of and demand for labor

Factors affecting fixed costs
Make recommendations on how your organization can maximize their profit-making potential, and successfully compete in the new market. Consider the effect your recommendations may have on marginal revenues and costs. Format your paper consistent with APA guidelines.

ECO 365 Week 3 Learning Team Reflection Paper – Market Structure Price: \$6.99

Learning Team Reflection Paper:
Market Structure
Discuss this week’s objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field. Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

ECO 365 Week 4 Individual – Differentiating Between Market Structures Paper Price: \$6.99

Individual
Differentiating Between Market Structures Paper

Differentiating Between Market Structures in an Organization of Your Choice You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes.

You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure’s competitive strategies. Complete the University of Phoenix Material: Differentiating Between Market Structures Table located on the student website. Compare the various characteristics of the market structures by completing the table. Post the table as part of the paper assignment below. Write a 1,050 – 1,400-word paper in which you:

Include the completed Differentiating Between Market Structures Table from above. Identify three or more competitive strategies of your choice that may be used by the organization to maximize its profits over the long run. Evaluate the efficacy of these strategies in the market structure you identified. Make recommendations related to the strategies the organization might consider to maximize its profits. Format your paper consistent with APA guidelines.

ECO 365 Week 4 Learning Team Reflection Paper – Public Policy in Economics Price: \$6.99

Learning Team Reflection Paper:
Public Policy in Economics
Discuss this week’s objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field. Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

ECO 365 Week 5 Learning Team – Competitive Strategies &Government Policies Price: \$8.99

Learning Team
Competitive Strategies and Government Policies
As a team, choose an industry. Assume management in that industry has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following points. Write a 1,400 – 1,750 word paper in which you describe how each of the following are now, and will in the future, affecting your chosen industry: New companies entering the market, mergers, and globalization, on pricing and the sustainability of profits:

Identify the type of merger activity in your industry or one with which you are familiar–horizontal, vertical, or conglomerate–and explain why you made that choice. Current and expected government policies and regulations, including taxes and regulations in place to address issues related to externalities Global competition on the decisions made by management with regards to change in labor demand, supply, relations, unions, and rules and regulations in your chosen industry Recommend how the industry you chose may respond to each of the previous points. Format your paper consistent with APA guidelines.

ECO 365 Week 5 Learning Team Reflection Paper – Global Competition Price: \$6.99

Learning Team Reflection Paper:
Global Competition
Discuss this week’s objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field. Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

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• Subject:

• University/College: University of Arkansas System

• Type of paper: Thesis/Dissertation Chapter

• Date: 28 April 2016

• Words:

• Pages:

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