ECN 360 Grand Canyon Entire Course
ECN 360 Grand Canyon Entire Course
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ECN 360 Grand Canyon Entire Course
ECN360
ECN 360 GCU Midterm Exam
ECN 360 GCU Final Exam
ECN 360 Grand Canyon Week
1 Discussion 1
Is price elasticity of
demand at GCU elastic or inelastic? What could you do to find out?
ECN 360 Grand Canyon Week
1 Discussion 2
Most managers and
executives believe their firm has an opportunity to take advantage of economies
of scale; however, many firms do not. Slect one of the questions below and
respond.
- How could
you determine if your firm has economies of scale?
- What type(s)
of firms typically have economies of scale? Which do not?
ECN 360 Grand Canyon Week
1 Discussion 1
The long-run equilibrium
for a perfectly competitive firm is zero-profit equilibrium. Does this mean
that owners of these firms have no income? Explain.
ECN 360 Grand Canyon Week
2 Discussion 2
How does the price and
level of output for a monopolist differ from that of a purely competitive firm?
Is this due to differences in the cost of doing business? Do these differences
provide a rationale for anti-trust legislation? Explain.
ECN 360 Grand Canyon Week
3 Discussion 1
There are estimates that
as many as 4,000 pizzerias open every year in the U.S. and just as many close.
Why does this continue to happen?
ECN 360 Grand Canyon Week
3 Discussion 2
The manufacturers of R.C.
Cola, with 2.1% market share in the soft drink industry, recently launched a
new advertising campaign describing their brand as a “hip alternative” to
“corporate colas” like Coke and Pepsi. Why don’t they simply try and gain
market share by cutting price? What property of oligopoly markets explains this
type of behavior?
ECN 360 Grand Canyon Week
4 Discussion 1
Why would the
manufacturers of autos resist attempts to establish higher fuel efficiency
standards? How would their costs, sales, and profits be affected?
ECN 360 Grand Canyon Week
4 Discussion 2
Select one of the cases
below and discuss what would happen to marginal physical product and why:
- More
secretaries are hired in an office.
- More
professors are hired to teach economics.
- More
construction workers are hired to construct an office building.
ECN 360 Grand Canyon Week
5 Discussion 1
Identify the Classical
prescription for curing unemployment and contrast it with the Keynesian
prescription. Which prescription do you agree with? Why?
ECN 360 Grand Canyon Week
5 Discussion 2
In 2013-2014, the nation
was struggling with a persistent high level of unemployment, low rates of
economic growth, and high federal budget deficits. Explain how solutions to
these economic problems conflict with one another. If you were economic
dictator, how would you proceed against this set of problems?
ECN 360 Grand Canyon Week
6 Discussion 1
Classical economic theory
says there is a linkage between investment and savings. Explain the source of
this linkage. What is the argument that says this link is not as strong as
classical economists believe? (Hint: Differentiate between the parties that
save and those that invest, and their rationale.)
ECN 360 Grand Canyon Week
6 Discussion 2
If the federal government
were required to balance the budget each year, would this have a positive or a
negative impact on the economy? Why?
ECN 360 Grand Canyon Week
7 Discussion 1
“In many ways, the Federal
Reserve does not control the level of interest rates nor the money supply.
Rather, this is controlled by the actions of individual banks throughout the
economy. “Explain the rationale behind this statement. What action is required
by the banks for Federal Reserve policy to be effective in stimulating the
economy? What can the banks do to negate a Fed stimulus?
ECN 360 Grand Canyon Week
7 Discussion 2
In 2014, short-term
interest rates were near zero, and yet the economy was still sluggish with low
rates of economic growth and relatively high unemployment. What monetary
policies should be pursued in such an environment? How might they work?
ECN 360 Grand Canyon Week
8 Discussion 1
The U.S. has accused China
of artificially deflating the value of their currency. What would be the
motivation for the Chinese to pursue such a policy? How might Chinese citizens
be hurt by these actions?
ECN 360 Grand Canyon Week
8 Discussion 2
Policies established by
the World Bank and the IMF have been the subject of much criticism, especially
from the developing world. Why might developing world nations be critical of
these policies? Do you think the policy actions are justified? Explain.
ECN 360 Grand Canyon Week
1 Assignment Chapters 19 and 22 Problems
Complete the following:
Chapter 19, problems 19-2,
19-4, 19-12, and 19-16
Chapter 22, problems 22-2,
22-4, 22-8, and 22-14
Follow these instructions
for completing and submitting your assignment:
Do all work in Excel. Do
not submit Word files or *.pdf files.
Submit a single
spreadsheet file for this assignment. Do not submit multiple files.
Place each problem on a
separate spreadsheet tab.
Label all inputs and
outputs and highlight your final answer.
Follow the directions in
“Guidelines for Developing Spreadsheets.”
You are not required to
submit this assignment to Turnitin.
ECN 360 Grand Canyon Week
2 Assignment Chapters 23 and 24 Problems
Complete the following:
Chapter 23, problems 23-2,
23-4, 23-6, and 23-10
Chapter 24, problems 24-2,
24-4, 24-8, 24-10, and 24-12
Follow these instructions
for completing and submitting your assignment:
Do all work in Excel. Do
not submit Word files or *.pdf files.
Submit a single
spreadsheet file for this assignment.
Do not submit multiple
files.
Place each problem on a
separate spreadsheet tab.
Label all inputs and
outputs and highlight your final answer.
Follow the directions in
“Guidelines for Developing Spreadsheets.”
You are not required to
submit this assignment to Turnitin.
ECN 360 Grand Canyon Week
3 Assignment Chapters 25 and 26 Problems
Complete the following:
Chapter 25, problems 25-2,
25-6, 25-8, 25-12, and 25-16
Chapter 26, problems 26-2,
26-4, 26-8, 26-10, and 26-12
Follow these instructions
for completing and submitting your assignment:
Do all work in Excel. Do
not submit Word files or *.pdf files.
Submit a single
spreadsheet file for this assignment. Do not submit multiple files.
Place each problem on a
separate spreadsheet tab.
Label all inputs and
outputs and highlight your final answer.
Follow the directions in
“Guidelines for Developing Spreadsheets.”
You are not required to
submit this assignment to Turnitin.
ECN 360 Grand Canyon Week 4
Assignment Chapters 28 and 31 Problems
Complete the following:
Chapter 28, problems 28-1,
28-2, 28-4, 28-8, 28-12, and 28-14
Chapter 31, problems 31-4
and 31-10
Follow these instructions
for completing and submitting your assignment:
Do all work in Excel. Do
not submit Word files or *.pdf files.
Submit a single
spreadsheet file for this assignment. Do not submit multiple files.
Place each problem on a
separate spreadsheet tab.
Label all inputs and
outputs and highlight your final answer.
Follow the directions in
“Guidelines for Developing Spreadsheets.”
You are not required to
submit this assignment to Turnitin.
ECN 360 Grand Canyon Week
5 Assignment Chapters 10 and 11 Problems
Complete the following:
Chapter 10, problems 10-2,
10-4, 10-6, 10-8, 10-10, 10-12, and 10-16
Chapter 11, problems 11-2,
11-4, 11-6, 11-7, 11-8, 11-10, and 11-12
Follow these instructions
for completing and submitting your assignment:
Do all work in Excel. Do
not submit Word files or *.pdf files.
Submit a single
spreadsheet file for this assignment. Do not submit multiple files.
Place each problem on a
separate spreadsheet tab.
Label all inputs and
outputs and highlight your final answer.
Follow the directions in
“Guidelines for Developing Spreadsheets.”
You are not required to submit
this assignment to Turnitin.
ECN 360 Grand Canyon Week
6 Assignment Chapters 12 Problems (Benchmark Assignment)
Complete the following:
Chapter 12, problems 12-2,
12-4, 12-6, and 12-12
Follow these instructions
for completing and submitting your assignment:
Do all work in Excel. Do
not submit Word files or *.pdf files.
Submit a single
spreadsheet file for this assignment. Do not submit multiple files.
Place each problem on a
separate spreadsheet tab.
Label all inputs and
outputs and highlight your final answer.
Follow the directions in
“Guidelines for Developing Spreadsheets.”
You are not required to
submit this assignment to Turnitin.
ECN 360 Grand Canyon Week
7 Assignment Chapters 15 and 16 Problems
Complete the following:
Chapter 16, problems 16-8,
16-12, and 16-14
Chapter 15, problems 15-4,
15-14, and 15-16
Follow these instructions
for completing and submitting your assignment:
Do all work in Excel. Do
not submit Word files or *.pdf files.
Submit a single
spreadsheet file for this assignment.
Do not submit multiple
files. Place each problem on a separate spreadsheet tab.
Label all inputs and
outputs and highlight your final answer.
Follow the directions in
“Guidelines for Developing Spreadsheets.”
You are not required to
submit this assignment to Turnitin.
ECN 360 Grand Canyon Week
8 Assignment Chapters 18 Problems
Complete the following:
Chapter 18, problems 18-2,
18-4, 18-10, and 18-12
Follow these instructions
for completing and submitting your assignment:
Do all work in Excel. Do
not submit Word files or *.pdf files.
Submit a single
spreadsheet file for this assignment. Do not submit multiple files.
Place each problem on a
separate spreadsheet tab.
Label all inputs and
outputs and highlight your final answer.
Follow the directions in
“Guidelines for Developing Spreadsheets.”
You are not required to
submit this assignment to Turnitin.
ECN 360 Grand Canyon Week
6 Assignment Anti-Trust Case
Details:
This is a CLC assignment.
The recent merger of US
Air with American Airlines received both national and local attention. The U.S.
Department of Justice contested the merger on the basis that it would produce
harmful monopoly-like behavior in many airline markets.
Your group will be
assigned a position to debate in advance. Develop an argument, either in
defense of the merger or in opposition to the merger. Conduct research and base
your arguments on the economic principles discussed in module 2 and 3.
Develop a PowerPoint
presentation with the following requirements:
- A maximum of
10 slides
- All slides
consist of bullet points (do not attempt to write everything on your
slide, but include explanatory notes and information on the “notes”
section of the PowerPoint slides)
At the completion of the
assignment, we will have a “mock trial” in class. Selected groups will present
their case for the prosecution and for the defense. The remainder of the class
will constitute the jury, and decide which case was more convincing upon
conclusion of the trial.
This assignment uses a
grading rubric. Instructors will be using the rubric to grade the assignment;
therefore, students should review the rubric prior to beginning the assignment
to become familiar with the assignment criteria and expectations for successful
completion of the assignment.
You are not required to
submit this assignment to Turnitin.
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