Microeconomics
http://www.peoi.org/ go to -course – Microeconomics EC102
Discussion boards:
Bb Discussion Board (Forum) Instructions for Thinking like an Economist
In Bb, click on the discussion board (forum) and complete the weekly activities. Students are required to respond to each of the chapter/lesson discussion questions.
1. To earn maximum points, for each chapter/lesson, you are required to participate in the discussions beginning on or before Tuesday with substantive class
related concepts and principles demonstrating economic literacy.
2. Do: You are required to submit three posts per chapter/lessons for each chapter/lesson.
3. Do: You will earn maximum points when you:
a. Post initially to chapter/lesson discussions on or before Tuesday.
b. Post to at least two different peers.
c. Participate in chapter/lesson discussions a minimum of two different days each week.
d. Proofread for Standard English spelling/grammar.
4. Don’ts: You will not earn maximum points when you:
a. Post initially to chapter/lesson discussions beginning Wednesday or Thursday.
b. Post to one peer.
c. Participate on one day.
d. Post assignments with spelling/grammar errors.
5. Don’ts: You will earn minimum points when you:
a. Post initially to chapter/lesson discussions on Friday.
b. Do not respond to peers.
c. Do not proofread for Standard/English spelling/grammar.
6. Don’t: Do not wait until the last day to post initially to the chapter/lesson discussions. You could experience computer or Internet issues on your end.
7. Don’t: Do not wait until the last hour to post to chapter/lesson discussions given that the assignment will submit automatically at 5:59 p.m. CST.
8. Do: Keep in mind that when students begin participating AFTER Tuesday, students will lose points for (a) Tuesday participation, (b) two day participation, and
(c) engagement of peers (review the discussion rubric).
Discussion 1
Greetings Everyone:
As consulting teams, we will mimic the real world in our case study that will prepare you for management and leadership in the professional job market that you seek
with your college degree. The case study is to build student personal development, graphic skills, writing skills, oral communication skills, and no doubt critical
thinking skills. In your case study we will explore, discover, share ideas, solve problems and make decisions on your respective company’s theme profitability and
efficiency ratios.
As shown in the “Case Study + Class Resources” link, the purpose and mission of the case study is the following:
The emphasis for the microeconomics research case study and presentation is comparing two firms with similar products or resources that generate revenue by examining
their profitability ratios, such as, gross profit margin, operating profit margin, net profit margin, return on assets, return on equity, P/E ratios, etc. A function
of the case study and presentation is to present the prototype firm’s best practices compared to the underperforming firm’s best practices.
We will research production, production problems, distribution, distribution problems, consumption, and consumptions problems of the two firm’s germane product or
resource to maximize total revenue, profitability, and efficiency of the firm with the best practices compared to the other firm.
The template/example(s) that everyone must follow for the team research paper and team PowerPoint is posted in Bb under the “Case Study + Class Resources” link.
After reviewing the above information, how do you understand and interpret the case study that you and your team will investigate?
Mission study Information
On other file.
Discussion 2
Greetings Everyone:
After reading the lesson on Consumer Behavior, describe and explain how marginal utility and demand are related.
In all your postings, use economics terms, concepts, methods, etc. to support your points.
Discussion 3
Greetings Everyone:
Regarding the Circular Flow model that is posted, how does the Circular Flow model reflect on a country? I suggest that you read the Circular Flow model because this
is part of the EXGA in this course. Economist believes according to the Circular Flow model that factors of production (resources) comes from the household as well as
international trade. What do you think?
Discussion 4
Greetings Everyone:
Think about this, why don’t economists use the same cost data as accountants use?
In all your postings, use economics terms, concepts, methods, etc. to support your points.
Discussion 5
Look at the video: Episode 21: Accounting Costs vs. Economic Cost. After viewing the video, consider that you are a supervisor in a business and you must be sure
that the business is operating efficiently. Given that, how would you explain to your boss how you are utilizing your costs of production in terms of explicit costs,
implicit costs and normal profit.
In all your postings, use economics terms, concepts, methods, etc. to support your points.
Episode 21: Accounting Costs vs. Economic Costs
Duration: (3:51)
User: mjmfoodie – Added: 10/27/08
YouTube URL: http://www.youtube.com/watch?v=FgttpKZZz7o
Discussion 6
Greetings Everyone:
While thinking like an economist, for the list of products below explain which of the four different market structures best describes the market.
(a) Tennis Shoes
(b) Wheat
(c) Cable Television
(d) Video Gaming Consoles
In all your postings, use economics terms, concepts, methods, etc. to support your points.
Discussion 7
EXGA_PureComp_Shortrun
Greetings Everyone.
While reflecting on pure competition in the short-run, within a firm, how do the criteria of a firm reflect on the characteristics of a successful firm?
Discussion 8
Greetings Everyone:
Used the information gained from reading the notes on “Pure Competition in the Long Run” when responding to the following question. Firms in the market for soccer
balls are selling in a purely competitive market. A firm in the soccer ball market has an output of 5,000 balls, which it sells for $10 each. At the output level of
5,000 the average variable cost is $6.00, the average total cost is $7.50, and the marginal cost is $10.00. What would you expect the firm to do in the short run? The
market in the long run?
Discussion 9
EXGA_Purecomp_Long-run
Greetings Everyone.
While reflecting on pure competition in the long-run within a firm, how do the criteria of a firm reflect on the characteristics of a successful firm as found on the
circular flow chart?
Discussion 10
Greetings everyone:
Given that you are a vice-president of a corporation and you will need to explain to your board, when asked, how would you explain the major features of monopolistic
competition compared to pure competition and pure monopoly?
Discussion 11
EXGA_Monopolistic
Greetings Everyone.
How does monopolistic competition within a firm reflect the circular flow?
Discussion 12
Greetings Everyone:
Given that you are interviewing for a job with the Connect Company, the interviewer asks you the following questions: what are the two key factors that determine the
strength of demand? How would you determine whether a good is in high demand or low demand?
Discussion 13
EXGA_Businesses Demand Resources
Greetings Everyone.
How does demand for resources relate to my definition of microeconomics found on the circular flow chart?
2017SPECON-
2302-
86010
Principles
of
Microeconomics
H Case Study + Class Resources
Case Study + Class Resources
Blackboard Tutorial
Attached Files: 1-Blackboard Tutor Log in Orientation HOT HOT.pdf (1.53 MB)
Team Research Data/Case Study Topic List
Team Research Data/Case Study Topic List
Micro Topics List for Team Research Data/Team Case Study
Please use the topics listed below to complete your team case study. Your
theme will be: Profitability and Efficiency. Once your team has selected your
topic, in messages,
please give me the number assigned to the topic below.
Hint to find data: research Annual and Financial Reports, research stock prices, research
profitability ratios as well as other sources.
1. Audi auto company vs. Volvo auto company
2. BMW auto company vs. Fiat auto company
3. Capella University vs. Walden University
4. Cisco network services vs. Alcatel-Lucent network services
5. Cisco network services vs. Aruba network services
6. Cisco network services vs. Huawei network services
7. Cisco network services vs. IBM network services
8. Cisco network services vs. Juniper network services
9. Cisco network services vs. Polycom network services
10.Coach products vs. Kate Spade products
11.Comcast services vs. Dish TV services
12.Comcast services vs. Verizon services
myTCC Students Organizations Online Academic Advising myTCC Help Derick Washington
13.Conoco Phillips oil, goods and services vs. Marathon oil, goods, and services
14.Corinthian College vs. University of Phoenix
15.DirecTV services vs. Dish TV services
16.Ethan Allan goods and services vs. Haverty’s goods and services
17.Fiat auto company vs. Tata Motors auto company
18. Jaguar automobiles vs. Lamborghini automobiles
19.Kate Spade Company products vs Ralph Lauren (RL) products
20. Michael Kors Holding Limited products vs. Coach products
21. Michael Kors Holding Limited products vs. Kate Spade & Company products
22.Strayer University vs. DeVry University
23.Turbo Tax products vs. Quicken Book tax products
Team Audit-Participation Form
Attached Files: AUDIT_PARTICIPATION-TEAM MEMBERS.docx (14.471 KB)
Team Audit-Participation Form
Discussion Board(Forum) Grading Criteria
FYI! For maximum points:
1. Initial substantive post should occur on or before Tuesday each week. (2)
Participate on two different days. (3) Respond substantively to two peers.
(4) Proofread for Standard English grammar.
Mission and Purpose of the Case Study and Research Data
Mission/Purpose of the team case study and team research data assignment.
The emphasis for the microeconomics research case study and presentation is comparing
two firm’s with similar products or resources that generate revenue by examining their
profitability ratios, such as, gross profit margin, operating profit margin, net profit margin,
return on assets, return on equity, P/E ratios, etc. A function of the case study and
presentation is to present the prototype firm’s best practices compared to the under
performing firm’s best practices.
We will research production, production problems, distribution, distribution problems,
consumption, and consumptions problems of the two firm’s germane product or resource
to maximize total revenue, profitability, and efficiency of the firm with the best practices
compared to the other firm.
Finally, for the best experience and outcome when completing the research, you should
look for the profitability ratios or financial data for each respective firm. This will give a
good look at the health and wealth of your respective firms.
Research Data Example
Attached Files: Research Data_MICRO_Prototype.pdf (160.482 KB)
This is a team assignment. Team should follow the model shown. The team research data
assignment provides the data needed for the team case study and therefore should
be
incorporated into the case study.
Micro Research Data Assignment Questions
1. Firm’s industry rank
2. Firm’s market
3. Firm’s trading partner
4. Firm’s market share
5. Firm’s P.E. ratio
6. Firm’s gross profit margin
7. The cost of the firm’s shares
8. Number and locations of multinational sites of the firm
9. Firm’s total sales for the most current year
10. Firm’s revenue for the most current year
11. Firm’s total cost (operational cost)
Mid-Term Case Study Grading Criteria
Paper should follow the model of the example regarding style, format,
sequence, and references.
A quality paper will include the proper title page, table of contents, paging format,
appendices (the format will mimic the format posted in Bb under the link “Case Study +
Class Resources”) and include substantive economics information/data.
CATEGORY DESCRIPTION
Documentation/Formatting Paper uses format/example provided
1. Title page: single spaced and member names shown alphabetically
2. Table of Contents : single spaced and indented as shown in the model
3. Arial 12” font only
4. Margins (one inch left and right; .8 top and bottom, i.e., adjust top and bottom margin so
that the line prints out at .8)
5. Paragraphs indented 5-spaces. Margins aligned left.
6. Body of paragraph: single spaced on the title page and double spaced with 0 point
before and 0 point after in paragraphs.
7. Correct spelling, correct spelling of product names, correct sentence punctuations
8. Paper/PowerPoint follows sequence and format of the example/model
9. References inside paper include year, online and/or page number.
Reference page follows the model: links include name of article; hyperlinks are
removed, there are no wiki resources
10. Saved case study Adobe .pdf format as Team Name_Mid-Term Case Study
Profit Mid-Term Case Study and/or Team Profit Final Exam Case Study (if applicable)
Organization/Cohesiveness
Case study paper
The conclusions reached in each assigned criteria summarizes the reasoning the team
employed in the analysis via the use of economic terms and concepts; contains facts not
opinion supported by numbers/data/percentages.
11. Includes substantive economics terms/concepts/methods/data/numbers/percentages.
Information provided was provided by Economics Subject Matter
Experts (SME) and not on personal observations and beliefs. The
case study was based on metrics.
12. Minimum of 5 outside resources. (Do not use ‘wiki’ resources as Wikipedia is not an
academic resource. Anyone can edit Wikipedia.); all resources cannot be from the same
source.
13. Data must relate to the theme of the paper
14. Paper is in the correct sequence; Introduction and questions; Production and questions,
Production solutions and questions; etc.
15. Team research paper written in one voice
16. Business Attire worn during in class presentations (face-to-face classes only)
Organization/Cohesiveness
Case study PowerPoint
The conclusions reached in each assigned criteria summarizes the reasoning the team
employed in the analysis via the use of economic terms and concepts; contains facts not
opinion supported by numbers/data/percentages.
Criteria referenced in case study by Tarrant County College District (TCCD) SLOs and the Texas
Higher Education Coordinating Board (THECB)
Micro Case Study Questions
Attached Files: 0001_Mid-Term Case Study Questions052014.pdf (80.518 KB)
Mid-Term Case Study Examples and Resources
Attached Files: 01_Team Microeconomics_MidtermCaseStudy_PPT.ppsx (2.586 MB)
01_Team Microeconomics_ Mid Term Case Study062015.pdf (715.398 KB)
A1_Suggested Cites for Team Research_HOT-HOT-HOT.pdf (1.585 MB)
Mid-Term Case Study Examples and Resources..
DO NOT PROVIDE A SWOT ANALYSIS…
Teams should follow the format of the examples. This means that the team should
use the Introduction as shown; however, the team’s research should follow follow the
model regarding formatting and citations. The team should incorporate the
research data in the case study.
Case Study completed research paper and PowerPoint presentation
Suggested sources, but not limited to, for research: Visit with your Southeast
Librarian for additional resources. Go to: http://libserv.tccd.edu/voyager/databases/subjects
The following databases are available as a resource. Wikipedia or wiki resources
are not acceptable.
Go to: http://lib-serv.tccd.edu/voyager/databases/subjects
Click on ‘Journal Articles & Databases’
CIA Factbook – Call Number: G122.U56A, or
https://www.cia.gov/library/publications/the-world-factbook/
Countries & Cultures Culturegrams
EBSCOHOST
Global Road Warrior- country reports including business etiquette info
LexisNexis
NATIONS OF THE WORLD – Call Number: HC10.N36
Proquest
Organization for Economic Co-operation and Development (OECD) Factbook –
Call Number: HC10 .O425
OXFORD ENCYCLOPEDIA OF ECONOMIC HISTORY – Call Number:
HC15.094.2003
www.BEA.gov
www.Bls.gov.
BLS.gov (salary data) http://www.bls.gov/oes/current/oes_nat.htm
Formatting Resources
Attached Files: Formatting Resources_4 corrections_072014.pdf (381.977 KB)
Greetings Everyone:
Formatting resources are attached.
Dr. McKizzie
Aggregate Expenditure Model Formulas
Attached Files:
1-Aggregate Expenditures Model Behavior and FORMULAS-HOT.pdf (848.398 KB)
Aggregate Expenditure Model Formulas
