Task:
You have been asked to assist your organization's marketing department to better understand how consumers make economic decisions.
Prepare a 10-15 slide ppt presentation that includes your work in the detailed speaker notes that focus on the analysis that includes the following:
1. The impact the theory of consumer choice has on:
2. Demand curves
3. Higher wages
4. Higher interest rates
5. The role asymmetric information has in many economic transactions
6. The Condorcet Paradox and Arrow's Impossibility Theorem in the political economy
7. People not being rational in behavior economics