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ECN 601 Grand Canyon Entire Course (June 2016)


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ECN 601 Grand Canyon Entire Course (June 2016)

ECN601

ECN 601 Grand Canyon Week 1 Discussion 1 (June 2016)

Create a supply and demand graph in Excel that demonstrates the relationship between the amount buyers are willing to purchase and the quantity available. You may select your own data points, but you must discuss the relationship between supply and demand within the economy, as well as discuss the concept of market equilibrium. Please attach your graphs along with your discussion in your response. Provide an explanation for the value graphing supply and demand and analyzing the data can have on decision-making in a business and the economy.

 

ECN 601 Grand Canyon Week 1 Discussion 2 (June 2016)

View “Trade-Offs and Opportunity Costs,” located on the YouTube website. Share an example of your own experience in which you had to decide on an opportunity cost that would affect you. What outcome did the decision have on your economic situation?

 

ECN 601 Grand Canyon Week 2 Discussion 1 (June 2016)

How can sample data support or inform economic decision making within an organization? Can the sample data have errors or be problematic when making decisions? Provide an example.

 

ECN 601 Grand Canyon Week 2 Discussion 2 (June 2016)

How does applying econometrics to economics validate economic decisions for an organization? Support your response with an example.

 

ECN 601 Grand Canyon Week 3 Discussion 1 (June 2016)

What market structure best describes the structure under which your organization operates? Identify one challenge and one opportunity that arise from this and how the firm might use these for strategic advantage.

 

ECN 601 Grand Canyon Week 3 Discussion 2 (June 2016)

According to Coase’s theory of the firm, why do firms exist? How do firms contribute to the efficiency of the market economy in ways that ‘networks of independent contractors’ do not? How are the boundaries of the firm best established?

 

ECN 601 Grand Canyon Week 4 Discussion 1 (June 2016)

Identify a personal economic decision that was driven by a behavioral bias rather than by pure rational behavior. Given your understanding of behavioral economics, how would your decision differ today?

 

ECN 601 Grand Canyon Week 4 Discussion 2 (June 2016)

Would an organization benefit from using direct or indirect price discrimination. Why or why not? Provide an example.

 

ECN 601 Grand Canyon Week 5 Discussion 1 (June 2016)

Read “7 Easy Ways to Use Game Theory to Make Your Life Better,” by Duronio. Reflect on your personal life experiences. Discuss a time you have used game theory in your life to earn money or save money. Did you realize you were implementing game theory in the situation? How did the outcome benefit you at that moment and in the future?

 

ECN 601 Grand Canyon Week 5 Discussion 2 (June 2016)

Read “Game Theory Explained,” located on the PBS website. Discuss your perspective on the use of game theory. How do “Nash Equilibrium” and the idea of one “player” impacting another “player” within an organization affect the economic decisions and growth of an organization?

 

ECN 601 Grand Canyon Week 6 Discussion 1 (June 2016)

Discuss the importance of analyzing competition within an industry to better appeal to potential candidates. How can an organization use incentives to ensure it appeals to the employees it wants to hire?

 

ECN 601 Grand Canyon Week 6 Discussion 2 (June 2016)

Provide an example of a moral or ethical hazard an organization might face relating to labor markets. How can this affect employees, an organization, and the economy?

 

ECN 601 Grand Canyon Week 7 Discussion 1 (June 2016)

Identify one environmental factor or risk that affects the decision-making opportunities within your organization. Provide a brief description of the concerns and potential solutions for addressing the concerns or risks. Are there financial requirements that must be considered when processing decisions within a company?

 

ECN 601 Grand Canyon Week 7 Discussion 2 (June 2016)

How does the financial aspect of an organization influence decision making and the outcome?

 

ECN 601 Grand Canyon Week 8 Discussion 1 (June 2016)

Interview one person within your organization who has knowledge about the decision-making opportunities the executive or management team formulates. Inquire about national and global trade opportunities. Does the organization benefit from trade opportunities? If so, describe the incentives. If not, what strategies or trade opportunities would benefit the growth of the organization?

 

ECN 601 Grand Canyon Week 8 Discussion 2 (June 2016)

What are the advantages and disadvantages of a firm’s use of power purchasing parity? Provide an example.

 

ECN 601 Grand Canyon Week 2 Assignment (June 2016)

Details:

Analyzing and understanding data is an important part of decision making. Econometrics is defined as the statistical methods used to analyze data and make informed decisions. For this assignment, you are required to research data related to an economic issue or situation relevant to your organization or a business organization in general. Use the Bureau of Economic Analysis website to choose data for this assignment. In addition, review the articles in Topic Materials relating to econometrics. Analyze the data you have selected to determine how to use them to make appropriate economic decisions for an organization. As you are analyzing the data, apply econometrics methods (linear regression, statistical mathematics, nonlinear regression, or another relevant model) to validate data and determine strategies and solutions for the economic data retrieved. Please review the “Sample Econometrics Problem” resource to assist you in completing this assignment.

Write a summary (500-750 words) to discuss your data findings and the proposed solutions generated based on applying econometrics and analyzing the data. You are required to submit the selected data, methods for testing and validating data, and the economic decisions you have established based on analysis of the data.

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

You are required to submit this assignment to Turnitin.

 

ECN 601 Grand Canyon Week 3 Assignment (June 2016)

Details:

Read “American Airlines,” located in Chapter 24 of the textbook, Managerial Economics: A Problem Solving Approach. American Airlines announced a new pricing strategy that they believed would address concerns and benefit the company. Conduct further research on American Airlines’ value pricing. Analyze American Airline’s structure and decision to implement value pricing and discuss the following (750-1,000 words):

1- Discuss the decision behind American Airlines developing and implementing value pricing to gain more market shares.

2- Evaluate the impact competitors and additional economic factors had on the results of the value pricing strategy. What factors contributed to the advantages and disadvantages of this new pricing strategy.

3- Provide alternative recommendations to the value pricing strategy that would result in a different outcome when implementing the strategy.

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.

 

ECN 601 Grand Canyon Week 5 Assignment (June 2016)

Chapter 15 Problem

Details:

Locate Group Problem G15-1: Strategic Game at the end of Chapter 15 in Managerial Economics: A Problem Solving Approach.

Spend 2 or 3 hours observing the organization in which you are employed. During the observation, identify internal and external interactions of the organization. You can talk to stakeholders who might have information relating to external interactions in order to gather necessary information. Use the observation information to complete all parts of the question presented in the problem. Your response should be 500-750 words. Please include the diagram required in the problem.

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.

 

 

ECN 601 Grand Canyon Week 6 Assignment 1 (June 2016)

Peer-Evaluation Form

Details:

Complete this peer evaluation for each member of your team, including yourself. The average score from these evaluations will be used in determining your final grade for the assignment.

Rate each team member on a scale of 1 to 100, with 100 being the highest. Use the rubric on the second page to determine the score for each team member. Include comments explaining why you gave your teammate this score.

Your peer evaluations will be kept strictly confidential. Your grade for the evaluation will be posted in the gradebook as an assignment, but individual ratings will not be shared.

Group Member:

List Names

Rating: 1–100 Comments: Must be completed for each team member.
1. Your Name
2.
3.
4.
5.
6.

 

ECN 601 Grand Canyon Week 6 Assignment 2 CLC (June 2016)

Incentive Plan

Details:

This is a Collaborative Learning Community (CLC) assignment.

Your instructor will place you in groups/teams for this assignment. Once you are in your team, discuss your current organization’s employee incentives and motivation strategies. Examine the individual organization’s compensation challenges and industry competition. As a team, you are required to develop an incentive plan that encourages an organizational culture that motivates employees and evaluates their performance. Your incentive plan (1,000-1,250 words) must include:

  1. An overview of the organization for which your team is developing an incentive plan.
  2. A performance metric to monitor employee performance.
  3. Motivation strategies and techniques to appeal to employees.
  4. Incentive compensation to remain competitive within the industry.
  5. Moral hazards affecting employees and the organization.

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.

 

ECN 601 Grand Canyon Week 7 Assignment (June 2016)

Chapter 17 Problems

Details:

For this assignment, you are required to complete Individual Problems 17-2 and 17-6 at the end of Chapter 17 in Managerial Economics: A Problem Solving Approach. In addition, you are required to complete Group Problem G17-1: Uncertainty. As you are evaluating your current company, address the following decisions in your response (500-750 words):

  1. What environmental factors and risks must be considered in the company’s decision-making process?
  2. Evaluate costs factors influencing the company’s decision.
  3. Determine strategies that would provide value to the outcome your company is seeking relating to this decision.

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.

 

ECN 601 Grand Canyon Week 8 Assignment (June 2016)

Chapter 11 Problems

Details:

Review Group Problems G-11-1: Exchange Rate Effect on Industry and G11-2: Exchange Rate Effects on Your Firm, located at the end of Chapter 11 in Managerial Economics: A Problem Solving Approach. Select one problem that relates to you and your current position in the work environment. Complete your response in 750-1,000 words. Please support your response with personal experiences or examples.

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.

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