Principle of Economics Discussion and Response

This is 3 posts and 3 responses (in attachment):
Discussion 1: The Law of Demand
This week, we learned that the interaction of supply and demand determines prices and output levels in markets. Prices and output levels change when either the demand curve or the supply curve shifts. Sometimes price and output both increase and decrease. Sometimes one increases while the other decreases.
Consider a situation where the price of a good rises when output increases. For example, lithium is used in rechargeable batteries for computers, phones, other electronic goods, and even certain cars. Demand for lithium was low as recently as the early 2000s. Since then, both the price of lithium and the production of lithium have more than doubled.
Start your discussion by responding to these questions:What could explain the simultaneous increases in the price of lithium and the production of lithium? Use supply and demand curves to explain your answer.
Hint: Price and equilibrium quantity have both increased. Would a shift in the demand curve or a shift in the supply curve lead to this result?

Be sure to respond to at least one of your classmates’ posts. Was their reasoning similar to yours?
Discussion 2: Explore Cost and Competition
Watch the video, Revenues, Profits, and Price, to help you prepare for this week’s discussion:
Start your discussion by responding to this question using the company for which you currently work, a business with which you’re familiar, or the dream business you want to start:What are some key fixed and variable costs for this business? Remember, fixed costs do not change when output changes. That is, fixed costs remain even if the company is producing nothing. Variable costs increase as output increases.

Be sure to respond to at least one of your classmates’ posts and share another idea for a type of cost.
Discussion 3: Exploring Monopolies and Oligopolies
Watch the video, Oligopolies and Monopolistic Competition, to help you prepare for this week’s discussion.
Start your discussion by responding to these questions using the company for which you currently work, a business with which you’re familiar, or a dream business you want to start:With your selected business in mind, determine if it is competitive, monopolistic competitive, an oligopoly, or pure monopoly. Explain how you drew your conclusion about its market structure.
How does the business/firm in this industry determine the price it will charge for the products or services it sells?

Be sure to respond to at least one of your classmates’ posts and share an insight or question you have about that business and its market structure.

106790-ECN-2220-DEA1 Principles of Macroeconomics

Please read this article. This will be a Discussion Board exercise below, so keep in mind the following:What is the message?How do you relate this to what you see or hear on the News or hear from government bureaucrats and politicians?How do you think this will be applicable in a Macro course, based on what you think macro economics is about?What else do you see maybe not related to the above?
https://fee.org/articles/the-parable-of-the-broken…
discussion questions
WHAT did you learn or gain a better understanding of after reading this article, “The Parable of the Broken Traffic Lights?”
What principle or lesson was the parable of the Street Light trying to teach?

Can you relate it to Economics?

Reply to Discussion

Discussion 1
Question – 1
The main goal of the project is successfully managing all the daily guest services routine without a property management system. We are mainly given a particular paper trail of the future, current and some kind of the past guests those who are all previously made reservations because of the change in the brand we are all mainly left without a property management system but it is still our important duty to be successfully maintain all the guest’s reservations along with the billings, proper receipt systems and the satisfactory stay. The entire project was mainly discussed thoroughly in between the management then it was mainly discussed with each department of the hotel by the certain kind of the respective managers of the department. The right before the biggest change in an employee’s luncheon was mainly scheduled and each department was mainly given their respective duties as well.
Question – 2
The process of identifying and also recording a certain list of specified projects along with their goals, deliverables, tasks, costs and their deadlines is mainly considered as the project scope. Because of each and every management of the hotel departments was mainly involved in the process and also each department’s responsibilities are all mainly given out during a staff luncheon, and the entire project scope was mainly clearly stated that it has been mainly defined in clear cut manner. The process of establishment of all the responsibilities for each and every employee in their certain kind of particular area, as well as how they should be complete a task, also helps us to eliminate uncertainty and also keep an employees focused on their certain kind of tasks why because they should know what they are mainly intended to accomplish. The process of good communication in between the department managers and their staff members that everyone understood the scope of the project as well as the project’s goals and their expectations.
Question – 3
Breakdown
Description
WBS Code
Project
Maintaining the list of the daily guest services routine without any access of the property management systems .
1.0
Deliverable 1
Front Desk Management
1.1
WP1
Maintaining the guest check in and check out based upon the records from the previous systems.
1.1.1
WP2
Need to be ensure that all the billing queries are mainly handled with losing money or else charging over payment.
1.1.2
Deliverable 2
Proper housekeeping could be provided
1.2
WP1
Need to be mainly ensure that all the guest rooms are all cleaned and room services is provided to all stay overs.
1.2.1
WP2
Maintaining an accurate record of clean rooms and is coordinated with front desk.
1.2.2
References
Kloppenborg, T., Anantatmula, V. S.,

case study powerpoint

Hi, I have a Team Presentation on the case study I have attached to this. I need you to do a power point Slide on 2. STAKEHOLDER ANALYSIS AND MANAGEMENT EVALUATION. I also Need an intro made and add a couple case discussion questions. add speaker notes as well, Please make sure they are about 10 min worth of talking notes with the inro.
1. ISSUE/PROBLEM IDENTIFICATION
What are the central facts of the caseWhat are the major overriding issues in this caseWhat sub-issues or related issues are present in the case that merit consideration, discussion or action
2. STAKEHOLDER ANALYSIS AND MANAGEMENT EVALUATION
Who are the stakeholders in this case and what are their stakesEvaluate the central management decisions and their effectiveness
3. RECOMMENDATIONS AND IMPLEMENTATION
What management recommendations would you make in this caseProvide alternatives – immediate, short-term, long-termIdentify and discuss any important implementation considerations
4. CASE DISCUSSION QUESTIONS
What questions does your team think the class should discuss?

Economics Question

Discussion Questions (Unit 1)
You will have 10 minutes to talk about each question. We will rotate groups after each one so
don’t move on to the next question. Make sure that each person in your group has a chance to
talk. Your cameras must be on throughout the conversation.
After the discussion is over, write down a brief (~1 page double spaced) reflection on the most
interesting parts of your conversation and post this on Bruin Learn. This does not have to be
polished (but should be coherent) – just write the first things that come into your mind after the
discussion.
1. Regardless of your personal views on capitalism, what do you see as the biggest benefits
of the capitalist system relative to other economic systems? What do you see as its biggest
flaws? Alternatively, you can think of this question as asking: if you had to make the case
for capitalism, how would you defend it? If you had to argue against capitalism, how would
you critique it?
2. We have spent a good deal of time talking about the role of profit in the economy. On one
hand Marx and his followers see profit as a sign of exploitation. On the other side Mises
sees profit as a sign that entrepreneurs are satisfying consumer needs. To what extent do
you think these interpretations are accurate?
3. The market socialism debate touches on a larger debate about economic theory. To what
extent do you think it is possible to use economic theory to improve economic policy in the
real world? Are there any dangers in taking the results of economic models too seriously?
How should economic models be used when applying them to reality? As you answer this
question, think about the differences in the way Lange and Hayek view the role of
economic models. Which side do you fall on?
4. Each person go around and talk about the topic of your essay and the argument you made.
What did you learn from researching and writing your essay?

Principle of economics

Hello i need help with this discussion please no google…
laissez-faire or government intervation
up until the 1930s, the government took a “laissez-faire” approach to the economy. What changed and who was the main influence on this change? In what situations would government intervention into the marketplace warrant price controls? Please provide a couple of examples in your response.

Give comments for each part around 100 words

Part 1: Cultural events and sites are integral to the economic expansion and stability of an area as well as the sustainment of local businesses and nourishment of underserved communities. The importance of government subsidies is vital when you think about accessibility, seasonality, and most importantly: utility. You ask if there is a market for those activities, shouldn’t it be enough to provide for the culture? My answer here is no. While there is intrigue and fascination of culture and arts, when you consider it in light of utility you will find that in most cases when the cost of cultural events or arts is higher, the demand for them decreases as utility for them is not as high for the majority of people. Another gap that government subsidies in this area assists with is seasonality. Some regions cultural events/activities depend on certain seasons, and during off-seasons when they see little to no visitors, the economies of those areas deplete significantly.
For example, when I lived in Vail, Colorado, I saw the impact of seasonal tourism on locals first hand. Vail is a ski resort town, where during the winter season is bustling with skiers from around the world. These skiers come to Vail for the snow, but you also notice that during this high tourist time, there is a huge increase in cultural and arts events in the town that do not take place during other seasons. These events are no doubt fueled by the government as they are free entry. The idea is to reel in participants with completely open accessibility and then to rely on visitors during those events, such as street fairs/villages that have free entertainment and activities, yet are lined with locals selling food and products (arts mostly) that individuals purchase throughout their experience . Without government support to even provide a foundation for these events and free access, the economic boosts from other purchases would not occur and in many areas in the world, tourism is relied on for a healthy economy in terms of jobs and GDP. The importance of government subsidies in the arts, cultural events, and sites is relied on by many local economies for jobs and money flow, such as resort islands like the Bahamas.
Ultimately, governments must provide enough funding to at least justify utility and enable easy access for visitors who will then participate in economic expansion by spending money on other goods that may be of higher utility within that event.
Part 2: Cultural/heritage events are different from ordinary commercial events in that arts organizations are generally non-profit, while commercial organizations are for-profit. The purpose of arts is to promote cultural values to the public, and the high cost of these activities requires reliance on government funding to cover the cost of cultural/heritage events.
For example, the performing arts forms of opera and ballet require large stages and performers at high cost, and although the cost can be covered by selling tickets, the audience for these arts is less widespread and ticket sales will be minimal. With government subsidies more audiences can be attracted by lower ticket prices with the aim of developing their tastes. In addition, government subsidies can sustain the spread of the arts, improve the quality of performances and stimulate artistic innovation.
Heritage events or sites also need government subsidies because most of the heritage belongs to the state and the government needs to protect it, research it, exhibit it, and provide an environment for tourists to visit it, which is not enough to cover the costs of admission fees alone.
If there is a market for these activities, the market is in a state of failure because the supply of the art market is greater than the demand in the absence of subsidies. The idea of spreading art and culture is not realized, heritage is not sufficiently funded to be preserved, and the main purpose of subsidies is to increase the audience for the arts.
Part 3: Cultural/heritage events are different from ordinary commercial events in that arts organizations are generally non-profit, while commercial organizations are for-profit. The purpose of arts is to promote cultural values to the public, and the high cost of these activities requires reliance on government funding to cover the cost of cultural/heritage events.
For example, the performing arts forms of opera and ballet require large stages and performers at high cost, and although the cost can be covered by selling tickets, the audience for these arts is less widespread and ticket sales will be minimal. With government subsidies more audiences can be attracted by lower ticket prices with the aim of developing their tastes. In addition, government subsidies can sustain the spread of the arts, improve the quality of performances and stimulate artistic innovation.
Heritage events or sites also need government subsidies because most of the heritage belongs to the state and the government needs to protect it, research it, exhibit it, and provide an environment for tourists to visit it, which is not enough to cover the costs of admission fees alone.
If there is a market for these activities, the market is in a state of failure because the supply of the art market is greater than the demand in the absence of subsidies. The idea of spreading art and culture is not realized, heritage is not sufficiently funded to be preserved, and the main purpose of subsidies is to increase the audience for the arts.

Give comments for each part around 100 words

Part 1: Cultural events and sites are integral to the economic expansion and stability of an area as well as the sustainment of local businesses and nourishment of underserved communities. The importance of government subsidies is vital when you think about accessibility, seasonality, and most importantly: utility. You ask if there is a market for those activities, shouldn’t it be enough to provide for the culture? My answer here is no. While there is intrigue and fascination of culture and arts, when you consider it in light of utility you will find that in most cases when the cost of cultural events or arts is higher, the demand for them decreases as utility for them is not as high for the majority of people. Another gap that government subsidies in this area assists with is seasonality. Some regions cultural events/activities depend on certain seasons, and during off-seasons when they see little to no visitors, the economies of those areas deplete significantly.
For example, when I lived in Vail, Colorado, I saw the impact of seasonal tourism on locals first hand. Vail is a ski resort town, where during the winter season is bustling with skiers from around the world. These skiers come to Vail for the snow, but you also notice that during this high tourist time, there is a huge increase in cultural and arts events in the town that do not take place during other seasons. These events are no doubt fueled by the government as they are free entry. The idea is to reel in participants with completely open accessibility and then to rely on visitors during those events, such as street fairs/villages that have free entertainment and activities, yet are lined with locals selling food and products (arts mostly) that individuals purchase throughout their experience . Without government support to even provide a foundation for these events and free access, the economic boosts from other purchases would not occur and in many areas in the world, tourism is relied on for a healthy economy in terms of jobs and GDP. The importance of government subsidies in the arts, cultural events, and sites is relied on by many local economies for jobs and money flow, such as resort islands like the Bahamas.
Ultimately, governments must provide enough funding to at least justify utility and enable easy access for visitors who will then participate in economic expansion by spending money on other goods that may be of higher utility within that event.
Part 2: Cultural/heritage events are different from ordinary commercial events in that arts organizations are generally non-profit, while commercial organizations are for-profit. The purpose of arts is to promote cultural values to the public, and the high cost of these activities requires reliance on government funding to cover the cost of cultural/heritage events.
For example, the performing arts forms of opera and ballet require large stages and performers at high cost, and although the cost can be covered by selling tickets, the audience for these arts is less widespread and ticket sales will be minimal. With government subsidies more audiences can be attracted by lower ticket prices with the aim of developing their tastes. In addition, government subsidies can sustain the spread of the arts, improve the quality of performances and stimulate artistic innovation.
Heritage events or sites also need government subsidies because most of the heritage belongs to the state and the government needs to protect it, research it, exhibit it, and provide an environment for tourists to visit it, which is not enough to cover the costs of admission fees alone.
If there is a market for these activities, the market is in a state of failure because the supply of the art market is greater than the demand in the absence of subsidies. The idea of spreading art and culture is not realized, heritage is not sufficiently funded to be preserved, and the main purpose of subsidies is to increase the audience for the arts.
Part 3: Cultural/heritage events are different from ordinary commercial events in that arts organizations are generally non-profit, while commercial organizations are for-profit. The purpose of arts is to promote cultural values to the public, and the high cost of these activities requires reliance on government funding to cover the cost of cultural/heritage events.
For example, the performing arts forms of opera and ballet require large stages and performers at high cost, and although the cost can be covered by selling tickets, the audience for these arts is less widespread and ticket sales will be minimal. With government subsidies more audiences can be attracted by lower ticket prices with the aim of developing their tastes. In addition, government subsidies can sustain the spread of the arts, improve the quality of performances and stimulate artistic innovation.
Heritage events or sites also need government subsidies because most of the heritage belongs to the state and the government needs to protect it, research it, exhibit it, and provide an environment for tourists to visit it, which is not enough to cover the costs of admission fees alone.
If there is a market for these activities, the market is in a state of failure because the supply of the art market is greater than the demand in the absence of subsidies. The idea of spreading art and culture is not realized, heritage is not sufficiently funded to be preserved, and the main purpose of subsidies is to increase the audience for the arts.

Supply and demand in the news

Search the Internet using a search engine (such as Google) for a recent article that discusses a change in the price of a good of service offered/sold by several producers/sellers, meaning that it is NOT a good or service that only one company offers, and for which there are no close substitutes in the market, as in this case one of the assumptions of our supply and demand model in Module 2 will be violated. For example, search “price increase,” “price rise,” “price drop,” or “price decrease”. Avoid articles that refer to a large market, such as an article referring to an increase of “food” prices. Instead, focus for example on the price rise of “eggs”, or “milk”, as specific examples of the large food category. Also, avoid articles about the stock market. Copy the URL address of the website and post it as the first item of your answer.
In your post, you need to clearly and conciselyaddress the following. If the following point are not directly addressed, you may NOT earn any points for this assignment.
Determine the cause of the price change by reading the article. Then try to identify which of the theoretical demand or supply shifters discussed in Module 2 is the cause of the shift in demand or supply, or both. This step is important as it will ultimately affect the equilibrium price in the model. You need to state whether demand, or supply, or both, shift to the right or to the left, and why. The article should suggest the cause, such as increased popularity, higher costs of production, or something similar, and you should try to figure out if that represents an increase (shift to the right) or decrease (shift to the left) of the demand or supply curves. If the article does not suggest a cause for the price change, then you MUST find another article. It is important that the article you choose allows you to identify one or more supply or demand shifters. Otherwise, the article will not be suitable for this assignment, and you might NOT earn any points on it. Keep in mind that the “price change” in the article should be the “effect” of a change in supply or demand, and not the “cause”. In other words you are NOT trying to illustrate how the law of demand or law or supply apply in the real world, but how demand shifters or supply shifters cause the equilibrium price in the model to change, and how well the supply and demand model predicts what happens to prices in the real world. This will become clear once you have completed your third step of the 3-step approach/method to changes in equilibrium, which is extensively discussed in the course materials for Module 2 (see the Practice Problems for Module 2 document containing the answer key for 5 practice problems).
Draw your graph (simply by hand, using only pen/pencil and paper) and complete your graphical analysis. While you are NOT required to show your graph, you must draw and utilize your graph in this part. In particular, state which diagram best describes the situation in your article: one in which only demand shifts, only supply shifts, or both. Then write a short paragraph stating what happens to the new equilibrium price and new equilibrium quantity in your theoretical graph, when you compare them with the original equilibrium price and original equilibrium quantity. These are your theoretical model predictions. Last, state whether your theoretical model predictions match what is stated in the article regarding the price change and possibly, the change in the quantity sold in the market. Comment to the best of your abilities on the reasons for such an outcome (if there is a good match or not).
Hints:
In a double shift situation, depending on the relative size of the shifts in demand and supply, you will find that one of the equilibrium variables either increases, decreases or stays the same, while the effect on the other equilibrium variable is certain (it either increases or decreases), when all the three possible scenarios are thoroughly analyzed.
However, in a single shift scenario, both equilibrium variables can be predicted with certainty by looking at your graph.

Final Project

In 1500 to 2200 words (6 to 8 pages), develop a paper in APA style, including title and reference pages, that addresses the following prompt. Be sure to provide scholarly sources that were not listed in the course material.
Reflect upon a contemporary healthcare problem from an economic perspective. Identify a related economic theory applicable to the problem and a proposed solution. Include economic reasoning to support your choice, including the pros and cons of this recommendation that will be used to address areas of concern in the delivery or financing of healthcare.
Your work on this assignment should reflect your ability to:
Satisfactorily explore and identify management best practices that advance the healthcare organization’s ability to successfully achieve the strategic objectives.
Satisfactorily apply business management theories, models, concepts, and principles to specific healthcare delivery issues.
Competently analyze current healthcare policy and the impact of data on the development of appropriate policy.
Satisfactorily appraise the internal and external interrelationships affecting the successful achievement of the healthcare organization’s outcomes.
Students use management best practices to advance a healthcare organization’s strategic goals.
Students apply the basic concepts of business principles and quality management to improve healthcare delivery.
Students employ data-informed decision making to healthcare strategy, policy development, and healthcare delivery.