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What are public goods? Why might the market be unable to produce a sufficient quantity of public goods?
List as many goods as you can think of that have substantial public good characteristics that are provided by the private sector.
In an effort to control rising prices during 1970s, many governments fixed prices for extended periods of time. Discuss economic repercussions of fixed prices.
How does the pricing system ration goods? How does it offer suppliers an incentive to produce goods that are most scarce, relative to their cost.
What impact would the higher fees have on the Scheduling of flights and Number of landings and takeoffs during heavy traffic periods?
Earlier in the quarter we discussed Southwest Airlines' use of game theory to create new strategy.
Conduct research using the online library as well as material from the text in order to determine methods used in economic analysis.
How does your existing organization use the tools of economic analysis?
Analyze and apply the concepts of ethical decision making, corporate governance and corporate social responsibility.
Explain why it is often efficient for faculty members with training in computer programming to hire student programmers to do their computer work.
Suppose that your tuition payment for this economics class was $200. What is the opportunity cost of attending the class lectures?
Suppose that the grades in your class were to be determined by a random draw at the end of the course. What impact would this have on your incentive to work?
Describe the basic economic questions from the viewpoint of an individual. Explain how, at the individual level, as well as for the aggregate economy?
What are the direct effects of the action? What are the secondary effects? How are economic incentives changed?
What would you want to know about the location in terms of traffic, population, income, employment, and competition?
How can retailers use hiring, selecting, training, and motivating employees in their human resource management practices to gain competitive advantage?
Other retailers have sales associates perform these tasks. What are the advantages and disadvantages of each approach?
How can national retailers like Best Buy and Victoria's Secret, which both use a centralized buying system, make sure that their buyers are aware of local need?
What are the positive and negative aspects of employee turnover? How is this retailer reducing the turnover of its sales associates?
How can retailers motivate employees to sell merchandise energetically and, at the same time, not jeopardize customer service?
How could you build a strong organization culture in your restaurant to provide outstanding customer service?
Three approaches for motivating employee activities are policies and incentives and organization culture. What are the advantages and disadvantages of each?
What can retailers do to satisfy those needs? What HR trends are helping meet employees' needs, increase job satisfaction, and lower turnover?
What is scientific methodology? Can it be applied to economics? How is a theory confirmed? Make a list of several things that are not scare.
What retail locations are best for department stores, consumer electronics category killers, specialty apparel stores, and warehouse stores?