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ECON 545 TUTOR Learn by

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ECON 545 TUTOR Learn by Doing


ECON 545 All Weeks Discussion (Devry)
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DEVRY ECON 545 Week 1 DQ 1 Supply and Demand
DEVRY ECON 545 Week 1 DQ 2 Elasticity and the
Minimum Wage
DEVRY ECON 545 Week 2 DQ 1 Marginal Analysis
DEVRY ECON 545 Week 2 DQ 2 Controlling Costs
DEVRY ECON 545 Week 3 DQ 1 Mergers Acquisitions
DEVRY ECON 545 Week 3 DQ 2 Anti-Trust Policy and
Microsoft

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ECON 545 Entire Course + Final Exam (New)
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ECON 545 Week 1 DQ 1 Supply and Demand
ECON 545 Week 1 DQ 2 Elasticity and the Minimum
Wage
ECON 545 Week 2 DQ 1 Marginal Analysis
ECON 545 Week 2 DQ 2 Controlling Costs

ECON 545 TUTOR Learn by Doing


ECON 545 Week 1 DQ 1 Supply and Demand
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What is the difference between a change in demand
versus a change in quantity demanded? A change in
supply versus a change in quantity supplied? Why is it so
important to differentiate between these similar-sounding
terms?

ECON 545 TUTOR Learn by Doing


ECON 545 Week 1 DQ 2 Elasticity and the Minimum Wag
e
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What are your thoughts about minimum wage legislation?
What kind of a price-control policy is this? Who gains?
Who loses? Are there alternatives to this legislation for
achieving the same policy objectives? What role do
demand and supply elasticities play in determining
outcomes?

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ECON 545 Week 2 DQ 1 Marginal Analysis
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Why is marginal analysis important in economics? How
do the tutorials Basics of Marginal Analysis and
Understanding and Applying Marginal Analysis at the end
of this week's lecturereinforce the concepts of marginal
analysis? How can any firm find the right production level
which guarantees maximum profit (or minimum loss)?

ECON 545 TUTOR Learn by Doing


ECON 545 Week 2 DQ 2 Controlling Costs
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Name some of the ways firms attempt to control their
costs. How does your firm control costs? The key here in
keeping this question interesting is that reducing the
workforce or having one person do the work of three
people are not the only ways to control costs. I'm looking
for more creative ways. Maybe you can think of some that
your firm is not currently using. Be creative here.

ECON 545 TUTOR Learn by Doing


ECON 545 Week 3 Course Project 1 Microeconomic Analysi
s (Situation C)
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ECON545: Project 1Microeconomic Analysis
The Microeconomic Paper tests your ability to apply
economic principles to a business decision. Select one
situation from the items outlined below: A to D. Complete
the paper on the selected situation as specified below.
The completed paper is a professional report and is due in
Week 3 (230 points). See the grading rubric at the end of
this document.

ECON 545 TUTOR Learn by Doing


ECON 545 Week 3 DQ 2 Antitrust Policy
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Review and chose a firm of your choice provided by your
instructor. Is this firm a monopoly? In what ways could it
be considered a monopoly? What markets are involved?
What anti-trust legislation would apply? Is anti-trust
legislation "fair" to your chosen firm? Why or why not?

ECON 545 TUTOR Learn by Doing


ECON 545 Week 4 DQ 1 Current Topic in Macroeconomic
s
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Scour the national media for a credible macroeconomic
current issue (many good sources are available online) in
which Chapters 19-21 is at the heart of the matter.
Summarize your article for your colleagues and attach a
link to your article. Make sure you appropriately refer to
the textbook sections that apply to your chosen article.

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ECON 545 Week 5 DQ 1 Trade Deficits
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What have been some major causes of the large U.S.
trade deficits since 1992? What is a major benefit (you
could address that issue) or a major cost (or you could
address that issue) associated with trade deficits?

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ECON 545 Week 5 DQ 2 Exchange Rates
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Do a little research about foreign exchange traders. It's a
big business; how do they make money? What is the
relationship between FX rates and interest rates?

ECON 545 TUTOR Learn by Doing


ECON 545 Week 6 Course Project 2 Macroeconomic Analys
is (Situation C)
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ECON545: Project 2Macroeconomic Analysis
The Macroeconomic Paper tests your ability to apply
economic principles to a business decision considering
the impact of macroeconomic variables. Select one
situation from the items outlined below: A to D. Complete
the paper on the selected situation as specified below.
The completed paper is a professional report and is due in
Week 6 (260 Points).

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ECON 545 Week 6 DQ 1 Fiscal Policy
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What fiscal policies are required to fight unemployment?
Which ones are required to fight inflation? What are some
of the downside risks and potential problems involved
when using fiscal policy?

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ECON 545 Week 6 DQ 2 Monetary Policy
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What are the monetary policies required to fight
unemployment? What about those required to fight
inflation? What are some of the downside risks and
potential problems involved when using monetary policy?

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ECON 545 Week 7 DQ 1 The Public Sector
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What is the appropriate balance between private and
public (i.e., government) activity? Think of a case where
the government has intervened (or it was suggested that
government intervene) in a previously private market (e.g.
Chrysler, tariffs on Japanese luxury cars, the airline
industry, etc). What other examples can you think of?
Using a marginal benefit/marginal cost analysis, support
or argue against the intervention.

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ECON 545 Week 7 DQ 2 Forecasting
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Let's discuss one of the most important areas of
economics, namely the use of leading economic indicators
to forecast the future direction of the macroeconomy.
What websites are helping you gain a better
understanding of where the economy is heading in the
next 12 months?

ECON 545 TUTOR Learn by Doing


ECON 545 Week 8 Final Exam (Devry)
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(TCO A) Suppose you are hired to manage a small
manufacturing facility that produces Widgets.
(a.) (15 points) You know from data collected on the
Widget Market that market demand and market supply
have both increased recently. As manager of the facility,
what decisions should you make regarding production
levels and pricing for your Widget facility?
Remember that supply and demand are about the market
supply and market demand.

ECON 545 TUTOR Learn by Doing