Can you believe we are in our final summit session? This final summit revolves around the concept of elasticity of demand and its effect on consumers (you)! For this discussion, please investigate an industry market failure that has occurred within the last 10-years in the U.S. Identify the events that led to the market failure.Discuss steps that should have been taken to self-correct the market […]

Can you believe we are in our final summit session? This final summit revolves around the concept of elasticity of demand and its effect on consumers (you)! For this discussion, please investigate an industry market failure that has occurred within the last 10-years in the U.S. Identify the events that led to the market failure.Discuss steps that should have been taken to self-correct the market […]

Can you believe we are in our final summit session? This final summit revolves around the concept of elasticity of demand and its effect on consumers (you)! For this discussion, please investigate an industry market failure that has occurred within the last 10-years in the U.S. Identify the events that led to the market failure.Discuss steps that should have been taken to self-correct the market […]

In this module week’s summit session, we are further exploring the module objectives. For this activity, you will select one of the four module objectives from the Module 8 Overview and Objectives page to address and prepare as a presentation. Provide examples based on external research. Provide at least two references in current APA format. What real-world applications can your chosen objective be tied to? […]

In our session this module week we’ve been discussing the differences between micro and macroeconomics. Hopefully, you’ve learned a lot from our deep dive into the Circular Flow Model. Let’s put what we’re learning to the test! In this assignment, prepare a short essay that distinguishes the role of firms in our macroeconomy. In your essay, identify the following:Choose a real-life example of an oligopolistic […]

Watch the following video before completing this discussion activity.Circular Flow Matrix – How the Economy Works – Econ 1.7 (YouTube – 4:56)Based on this module week’s summit session, what would you say is the role of firms in our macroeconomy? Do consumers indirectly and/or directly affect our macroeconomy? Discuss how microeconomics and macroeconomics affect the flow of money within the Circular Flow Model. Do you […]

Pick a company that produces a good or service. Choose a company that:- Interests you. Consider companies for which you might want to work or where a family or friend works. This can be a local, national, or international company. – Is not too diversified. For example, Philip Morris would be a bad choice because they are really several kinds of companies all operating under […]

One of our main areas of focus in this session is special-interest groups. This is a topic that we could explore for weeks! It’s now time to have a discussion with your colleagues on this subject. Choose a special-interest group from a U.S. industry and examine their role in politics. Discuss how that interest group aligns with public choice theory.Locate a recent article or event […]

In addition to their Immediate effects secondary effects are effects of a policy change that might not be noticeable when the policy change Is Implemented 7. The value of a good or service Is subjective what one good Is worth to person A, may have a completely different value by person B (l Like pizza with extra cheese, I value It highly. You are allergic […]

Political, Economic, Social and Technological – plus Ecological or Environmental, Ethical, Demographic and Legal. It’s a matter of personal choice, but for most situations the original PEST analysis model arguably covers all of the ‘additional’ factors within the original four main sections. For example Ecological or Environmental factors can be positioned under any or all of the four main PEST headings, depending on their effect. […]