Ecn601 topic 1 dq 2 Study guides, Class notes & Summaries
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![ECN 601 Topic 4 DQ 1 plus DQ 2](/docpics/3367115/64f5a58def7c8_3367115_121_171.jpeg)
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ECN 601 Topic 4 DQ 1 plus DQ 2
- Other • 4 pages • 2023
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Topic 4DQ1 
Feb23-25,2023 
 
Identifyapersonaleconomicdecisionthatwasdrivenbyabehavioralbiasratherthanbypurerationalbehavior.Givenyourunderstandingofbehavioraleconomics,howwouldyourdecisiondiffertoday? 
 
Topic 4DQ1 
Feb23-25,2023 
 
Identifyapersonaleconomicdecisionthatwasdrivenbyabehavioralbiasratherthanbypurerationalbehavior.Givenyourunderstandingofbehavioraleconomics,howwouldyourdecisiondiffertoday?
![ECN 601 Topic 2 DQ 1 plus DQ 2](/docpics/3366928/64f59fac59468_3366928_121_171.jpeg)
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ECN 601 Topic 2 DQ 1 plus DQ 2
- 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.
![ECN 601 Topic 1 DQ 1 plus DQ 2](/docpics/3358582/64f3638a1e393_3358582_121_171.jpeg)
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ECN 601 Topic 1 DQ 1 plus DQ 2
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Topic1:FoundationsofEconomics-SupplyandDemand 
Topic1DQ1 
Feb2-4,2023 
 
Explainwhytheconsiderationofopportunitycostsmaybeveryrelevanttoafirm.Howcanopportunitycostsaffectabusinessdecision?Useanexampletosupportyouranswer. 
 
Topic1DQ2 
Feb2-6, 2023 
 
Thinkaboutagoodorserviceforwhichyoubelievetherehasbeenashiftindemandorsupply.Explainthereasonsbehind theshiftand howthat hasinfluencedtheequilibrium price.
![ECN 601 Topic 5 DQ 1 plus DQ 2](/docpics/3367248/64f5a990aa6af_3367248_121_171.jpeg)
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ECN 601 Topic 5 DQ 1 plus DQ 2
- Other • 3 pages • 2023
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Topic5DQ1 
Mar2-4, 2023 
 
The order of play tends to matter in sequential games where rivals must predict best reply-responses and counter-responses in order to achieve a desired payoff. Discuss an instance inwhich you or your firm used game theory and explain why the relationship between the playerswas a strategic one. Did the use of a credible threat or commitment affect the outcome? Werethere any first-mover offast-secondstrategiesused? 
 
Topic5DQ2 
Mar2-6, 2023 
 
In business, sports, poli...
![ECN 601 Topic 6 DQ 1 plus DQ 2](/docpics/3367307/64f5ab69c2bb4_3367307_121_171.jpeg)
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ECN 601 Topic 6 DQ 1 plus DQ 2
- Other • 3 pages • 2023
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Topic 6DQ1 
Mar9-11,2023 
Whatisthedifferencebetweenriskanduncertainty?Provideexamplesofwhatyourorganizationhasdone,ornotdone,todealwithriskanduncertainty.Howdidthoseactionsaffectthefirmonceacontingencyofriskoruncertaintymaterialized? 
 
Topic 6DQ2 
Mar9-13,2023 
 
Howdoesthefinancialstrengthofanorganizationinfluencedecisionmakingandoutcomes?Provideexamplesthatsupportyourrationale.
![ECN 601 Topic 8 DQ 1 plus DQ 2](/docpics/3373177/64f69a6ec5af1_3373177_121_171.jpeg)
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ECN 601 Topic 8 DQ 1 plus DQ 2
- Other • 3 pages • 2023
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Topic 8DQ1 
Mar23-25,2023 
 
GotoTheEconomistwebsiteandsearchfortheBigMacIndexforarecenttimeperiod.ComparethePurchasingPoweroftheUnitedStateswithanothercountry.Trytochooseacountrywithwhichyouarenotveryfamiliar.Whatdoesthisparitysayaboutthepotentialstandardoflivinginthecountryyouchose?Whatdoesitsayaboutthepotentialwagelevel? 
 
Topic 8DQ2 
Mar23-27,2023 
 
Overseveraldecades,someindustries,suchastextileandclothing,whichwereonceasignificantpartoftheU.S.economy,haveshiftedmanufacturingabroad.Usingt...
![ECN 601 Topic 7 DQ 1 plus DQ 2](/docpics/3373159/64f697d9a9b47_3373159_121_171.jpeg)
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ECN 601 Topic 7 DQ 1 plus DQ 2
- Other • 3 pages • 2023
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Topic 7DQ1 
Mar16-18,2023 
 
Giveexamplesfromyouremploymenthistorywhereyouwitnessedmoralhazardintheworkplace.Whatweretheincentivesthatgaverisetomoralhazard?Didthefirmtakestepstoeliminatemoralhazard? 
 
Topic 7DQ2 
Mar16-20,2023 
 
Beginbylocatingascholarlyarticleregardingtheeffectsofincreasesonminimumwagesanddiscussitsfindings.Doesaminimumwageincreaseleadtoreductionsinemployment,oristheoveralleffectonemploymentnetpositive?Doyouagreeordisagreewiththeresultsofthestudy?Whatdoyouthinkareothervitalco...
![ECN 601 Topic 3 DQ 1 plus DQ 2](/docpics/3367021/64f5a33596026_3367021_121_171.jpeg)
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ECN 601 Topic 3 DQ 1 plus DQ 2
- Other • 3 pages • 2023
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Topic3DQ1 
Feb16-18, 2023 
 
Whatmarketstructurebestdescribestheenvironment withinwhichyourorganizationoperates?What challenges and opportunities would arise from higher and lower degrees of governmentintervention? Provide arationaleto supportyour selected marketstructure. 
 
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.
![ECN 601 Topic 2 DQ 1](/docpics/3366939/64f5a027a54d8_3366939_121_171.jpeg)
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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?
![ECN 601 Topic 4 DQ 1 plus DQ 2](/docpics/3546477/651ba8fc70f6a_3546477_121_171.jpeg)
-
ECN 601 Topic 4 DQ 1 plus DQ 2
- Other • 4 pages • 2023
- Available in package deal
-
- $20.99
- + learn more
Topic 4DQ1 
Feb23-25,2023 
 
Identifyapersonaleconomicdecisionthatwasdrivenbyabehavioralbiasratherthanbypurerationalbehavior.Givenyourunderstandingofbehavioraleconomics,howwouldyourdecisiondiffertoday? 
 
Topic 4DQ1 
Feb23-25,2023 
 
Identifyapersonaleconomicdecisionthatwasdrivenbyabehavioralbiasratherthanbypurerationalbehavior.Givenyourunderstandingofbehavioraleconomics,howwouldyourdecisiondiffertoday?
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