Choose two microeconomic concepts present and analyze two
Choose two microeconomic concepts, present and analyze two current events through the lens of microeconomic theory. “How does my current event illustrate a microeconomic concept?”
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Discuss the incomes and expenditures in terms of the Keynesian model. You can agree and/or disagree with the Keynesian assumptions.
President Chavez Venezuela said he is going to not sell oil to the United States. What will happen to the price and quantity of gasoline in the United States?
Suppose there are nine sellers and nine buyers, each willing to buy or sell one unit of a good, with values ($60, $50, $45, $40, $35, $30, $25, $20, $15). Suppose there is a single market maker in this market. What is the optimal bid-ask spread?
Topics to elaborate: Economy (Economy stability/Managing economy resources effectively/Unemployment/Good control system):
Fiona requires a minimum level of consumption, a threshold, to derive additional utility: U(X,Z) is 0 if X+Z is less than or equal to 5 and is X+Z otherwise. Draw fionas indifference curves. Which of our usual assumption does this example violate.
Use the multiplier to indicate how a decrease in investment of R50 will affect the GDP. Show all caluclations. Illustrate this on a graph
What are the benefits and drawbacks of oral and written communication? What is inventory control, and why is the management of inventory control crucial to a company's success?
What steps can managers take to manage team conflict? Provide an example of a situation and proposed steps. How can benchmarking help a firm improve the quality of its goods and services?
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