Ecn 601 topic dq 2 Study guides, Class notes & Summaries
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ECN 601 Topic 2 DQ 1
- Other • 2 pages • 2023
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Topic 2DQ1 
Feb9-11,2023 
Explainasituationyouhaveobserved(orreadabout)inwhichafirmmadeadecisionconsideringirrelevantcostsordidnotconsiderrelevantcosts.Whatwastheoutcomeofthedecision,andwhatcouldhavebeendonedifferently?
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ECN 601 Topic 2 DQ 2
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Topic 2DQ2 
Feb9-13,2023 
 
Explain why pricing and production are extent decisions and not decisions that should be tackled with break-even analysis. Does the same apply for investment decisions? Provide a rationale to support your response.
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ECN 601 Topic 5 DQ 2
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Topic5DQ2 
Mar2-6, 2023 
 
In business, sports, politics, and many other fields there are probably countless situations akin totheprisoner'sdilemma whereplayersactingintheir ownself-interest donot produceanidealoutcome. Likewise, some player dynamics also illustrate other game theory concepts like a gameof chicken, credible threats/commitments, and other similar concepts. Use at least one articlefrom The Wall Street Journal to discuss a strategic situation between players that resembled oruseda...
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ECN 601 Topic 8 DQ 2
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Topic 8DQ2 
Mar23-27,2023 
 
Overseveraldecades,someindustries,suchastextileandclothing,whichwereonceasignificantpartoftheU.S.economy,haveshiftedmanufacturingabroad.Usingtheideaofopportunitycost,provideanexplanationofthereasoningbehindthisshift.Howhasthisshiftaffectedeconomicwell-beinglocally?Howdothegainscomparetothelosses?
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ECN 601 Topic 7 DQ 2
- Other • 2 pages • 2023
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Topic 7DQ2 
Mar16-20,2023 
 
Beginbylocatingascholarlyarticleregardingtheeffectsofincreasesonminimumwagesanddiscussitsfindings.Doesaminimumwageincreaseleadtoreductionsinemployment,oristheoveralleffectonemploymentnetpositive?Doyouagreeordisagreewiththeresultsofthestudy?Whatdoyouthinkareothervitalconsiderationsthatshouldbetakenintoaccountinthestudy?Discusshowconsciouscapitalismwouldapproachaminimumwageincrease.Provideexamplestosupportyourrationale.
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ECN 601 Topic 3 DQ 2
- Other • 2 pages • 2023
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Topic3DQ2 
Feb16-20, 2023 
 
How do firms contribute to the efficiency of the market economy in ways that networks ofindependentcontractorsdonot?Useyourorganization, oronewithwhichyouarefamiliar, toillustrate your response.
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ECN 601 Topic 1 DQ 2
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Topic1DQ2 
Feb2-6, 2023 
 
Thinkaboutagoodorserviceforwhichyoubelievetherehasbeenashiftindemandorsupply.Explainthereasonsbehind theshiftand howthat hasinfluencedtheequilibrium price.
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ECN 601 Topic 6 DQ 2
- Other • 2 pages • 2023
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Topic 6DQ2 
Mar9-13,2023 
 
Howdoesthefinancialstrengthofanorganizationinfluencedecisionmakingandoutcomes?Provideexamplesthatsupportyourrationale.
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ECN 601 Topic 4 DQ 1 plus DQ 2 Grand Canyon
- Other • 4 pages • 2023
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Topic 4DQ1 
Feb23-25,2023 
 
Identifyapersonaleconomicdecisionthatwasdrivenbyabehavioralbiasratherthanbypurerationalbehavior.Givenyourunderstandingofbehavioraleconomics,howwouldyourdecisiondiffertoday? 
 
 
Topic 4DQ1 
Feb23-25,2023 
 
Identifyapersonaleconomicdecisionthatwasdrivenbyabehavioralbiasratherthanbypurerationalbehavior.Givenyourunderstandingofbehavioraleconomics,howwouldyourdecisiondiffertoday?
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ECN 601 Topic 2 DQ 1 plus DQ 2 Grand Canyon
- Other • 3 pages • 2023
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Topic 2DQ1 
Feb9-11,2023 
Explainasituationyouhaveobserved(orreadabout)inwhichafirmmadeadecisionconsideringirrelevantcostsordidnotconsiderrelevantcosts.Whatwastheoutcomeofthedecision,andwhatcouldhavebeendonedifferently? 
 
 
Topic 2DQ2 
Feb9-13,2023 
Explain why pricing and production are extent decisions and not decisions that should be tackled with break-even analysis. Does the same apply for investment decisions? Provide a rationale to support your response.
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