First, in your initial post, introduce yourself by sharing your major concentration and describing how this course and program fit into your career goals.
Then, select a company from the following list that you will research for both your final microeconomic analysis paper (Part I) and your final macroeconomic analysis paper (Part II):
Third, assuming you are the chief executive officer (CEO) of the company you chose, describe a situation in which you would use marginal analysis to make a business decision.
In creating your response, consider the following questions: What type of business decision would you make? How would you determine the marginal benefit and marginal cost of the decision? To what extent would you factor the opportunity cost of your decision? And what types of trade-offs would you likely face when you make your decision?
In responding to your classmates’ posts, further expand the course concepts related to the assigned questions. Be sure to ask engaging questions as needed to help your peers develop their ideas and support your posts with economic concepts from the course content and evidence from your research.
All discussion posts will be graded using the Graduate Discussion Board Rubric, which can be found in the Assignment Guidelines and Rubrics section of the course.
Identify a product or service produced by the company you selected for your microeconomic/macroeconomic analysis papers. Describe the inputs used to produce this product or service as well as the types of costs involved in its production.
Consider the following questions: What factors may affect the mix of inputs used to produce the product or service? To what extent does your chosen company benefit from economies of scale? What are the sources of economies of scale for your chosen company?
Define the industry related to the product or service produced by the company you selected for your microeconomic/macroeconomic analysis papers.
Consider the following questions: What are the main companies in the industry? What is the level of market concentration in the industry? To what extent are the products/services from this industry homogenous? How would you characterize the barriers to entry in the industry? How would you characterize the market structure of this industry? How does the market structure affect the business strategy and performance of the company you selected ? To what extent may the market structure in the industry lead firms to engage in anticompetitive behaviors?
Identify three macroeconomic variables in the United States that impact the supply and/or demand of the product or service produced by the company you selected for your microeconomic/macroeconomic analysis papers. Interpret the trends of the three selected macroeconomic variables for the past three years and evaluate how these trends will likely impact the supply and demand of your chosen product or service as well as the financial performance of your chosen company.
Field of study:
Thursday, October 18, 2018