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ECO 550 All Discussion Questions
This archive file of ECO 550 All Discussion Questions Version 1 shows the solutions to the following problems:
ECO 550 Week 1 Discussion Question 1
From the e-Activity, explain the most important information you would require on which to base sound economic judgments. Explain your rationale.Assess the various forms of organizing and processing information to determine which is the most difficult to get correct. Explain your rationale
ECO 550 Week 1 Discussion Question 2
Analyze the characteristics that make any transaction possible and justify the importance of each of the characteristics.
Evaluate the role institutions play in transactions and discuss the likely economic impact if institutions did not exist. Provide specific examples to support your response.
ECO 550 Week 2 Discussion Question 1
Analyze how markets work and make recommendations for or against any form of price control. Explain your rationale
ECO 550 Week 2 Discussion Question 2
Make at least one recommendation concerning U.S. government regulation that would make the economy stronger
ECO 550 Week 2 Discussion Question 3
Evaluate the impact of globalization on domestic governance. Identify and explicate at least three significant factors requiring domestic changes.
ECO 550 Week 3 Discussion Question 1
From the e-Activity, discuss how the company you selected should increase its competitive stance in the marketplace. Provide specific examples to support your response.
Determine how a perfectly competitive firm can maximize its profit by producing the output at which average cost is minimized.
ECO 550 Week 3 Discussion Question 2
Imagine monopolizing a service or product of your choice. Discuss how you would go about setting prices for your product or service.
Select a non-monopolized product or service with which you are familiar and determine how the consumption of that product or service would differ if it were controlled by a monopoly.
ECO 550 Week 4 Discussion Question 1
Describe an oligopoly company and explain what makes it so.
ECO 550 Week 4 Discussion Question 2
Assume that a very competitive start-up enters the market in direct competition with the oligopoly you describe initially gaining a 12% market share. Discuss the steps the oligopoly should take to address this new competition.
ECO 550 Week 4 Discussion Question 3
Discuss a scenario where price fixing is beneficial to all parties involved – including consumers. Provide specific examples to support your response.
ECO 550 Week 4 Discussion Question 4
Analyze the models of oligopoly and create at least one recommendation for improvement. Explain your rationale.
ECO 550 Week 5 Discussion Question 1
From the e-Activity, explicate the five competitive forces that shape strategy. Then, determine which of the five competitive forces has the most significant impact on strategy in general. Support your response with evidence or examples.
ECO 550 Week 5 Discussion Question 2
With the same small business from the first discussion in mind, describe the best possible merger or agreement to grow your company and maximize profits. Explain your rationale.
Again, with the same company in mind, discuss the most effective way to sustain and extend a competitive advantage. Provide specific examples to support your response.
ECO 550 Week 6 Discussion Question 1
From the e-Activity, discuss ways that one party or the other could leverage a specific “opportunism.” Provide specific examples to support your response.
Discuss a situation in which both parties entering into a contract could benefit from slightly ambiguous language contained in the contract. Provide specific examples to support your response.
ECO 550 Week 6 Discussion Question 2
Analyze the various ways in which property rights encourage economic development and make at least one recommendation for improving current laws. Explain your rationale.
Based on the possible beneficial externalities from college education, argue for whether or not a case exists for public funding of college education. Explain your rationale.
ECO 550 Week 7 Discussion Question 1
From the e-Activity, propose a methodology for assessing the risk in business contracts
ECO 550 Week 7 Discussion Question 2
Analyze the potential downfalls of any team effort (e.g., free riders) and make at least one recommendation for minimizing risk. Provide specific examples to support your response.
Describe a company you would like to start and determine which form of ownership would be most appropriate given your current financial status. Explain your rationale.
ECO 550 Week 8 Discussion Question 1
Discuss how a company could benefit from either centralization or decentralization. Explain your rationale.
ECO 550 Week 8 Discussion Question 2
Select a large U-form or M-form organization and describe how it would be different if it switched form (i.e., a U-form organization switching to an M-form, or an M-form organization switching to a U-form).
ECO 550 Week 10 Discussion Question 1
Bargaining outcomes in a market-related situation are in general indeterminate and not obvious to the parties in the negotiation. Develop a bargaining situation from which you would conclude that access to market-related information does in fact affect the outcomes.
Using specific examples, evaluate the difficulty of accurately eliciting people’s preferences for public goods.
ECO 550 Week 10 Discussion Question 2
Compare the feasibility and efficiency of producing public goods by tax dollars versus producing them jointly with private funds. Support your argument with specific examples.
Speculate about why people in higher income groups vote for reasons that are borne out of a sense of duty rather than from economic interests.