Ecn 601 topic 2 Study guides, Class notes & Summaries
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ECN 601 Topic 5 DQ 1 plus DQ 2
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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...
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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.
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ECN 601 Topic 2 DQ 1 plus DQ 2
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ECN 601 Topic 2 DQ 1 plus DQ 2
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ECN 601 Topic 1 DQ 2
- Other • 2 pages • 2023
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Topic1DQ2 
Feb2-6, 2023 
 
Thinkaboutagoodorserviceforwhichyoubelievetherehasbeenashiftindemandorsupply.Explainthereasonsbehind theshiftand howthat hasinfluencedtheequilibrium price.
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ECN 601 Topic 4 DQ 1 plus DQ 2
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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 1 DQ 2
- Other • 2 pages • 2023
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Topic1DQ2 
Feb2-6, 2023 
 
Thinkaboutagoodorserviceforwhichyoubelievetherehasbeenashiftindemandorsupply.Explainthereasonsbehind theshiftand howthat hasinfluencedtheequilibrium price.
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ECN 601 Topic 7 DQ 2
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Topic 7DQ2 
Mar16-20,2023 
 
Beginbylocatingascholarlyarticleregardingtheeffectsofincreasesonminimumwagesanddiscussitsfindings.Doesaminimumwageincreaseleadtoreductionsinemployment,oristheoveralleffectonemploymentnetpositive?Doyouagreeordisagreewiththeresultsofthestudy?Whatdoyouthinkareothervitalconsiderationsthatshouldbetakenintoaccountinthestudy?Discusshowconsciouscapitalismwouldapproachaminimumwageincrease.Provideexamplestosupportyourrationale.
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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 5 DQ 1 plus DQ 2
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ECN 601 Topic 5 DQ 1 plus DQ 2
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ECN 601 Topic 8 Exam 2 Formula Sheet
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1.	Question:Indirectpricediscrimination differsfromdirectprice discriminationbecause: 
2.	Question:What is it called when each additional worker hired contributessuccessively smalleramountsofoutput? 
3.	Question:Jim has a better chance of having his offer accepted, since the seller doesnothaveanyoutsideoffers. 
4.	Question:For a production function with a diminishing, but positive, marginal productoflabor: 
5.	Question:Nashequilibriumis: 
6.	Question:Moralhazardimpliesthat: 
7.	An HVAC company i...
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