Impact of Viruses on Oil Prices Essay The first topic will be to discuss current conditions in the oil industry centered around oil prices. Discuss it from the demand side and the supply side (OPEC, OPEC+, US shale, Coronavirus, etc) and how it affects economies of oil producing countries. Minimum of 2 pages and maximum […]

Think about a time when you either received really good customer service or really terrible customer service. Then think about how competitive the market probably is/was.    Describe your experience and why you think the market was competitive or not very competitive addressing the characteristics of a competitive market that we learned in the chapter. […]

Find the flaw in the following argument made by a business analyst: “A technological innovation that lowers the cost of producing a good seems at first to result in a reduction in the price of the good to consumers. But a fall in price will increase demand for the good thus sending the price up […]

How do firms contribute to the efficiency of the market economy in ways that networks of independent contractors do not? Use your organization, or one with which you are familiar, to illustrate your response.

This little podcast was on WNYC’s Marketplace and discusses the rising price of ventilators – current price is $25,000!   States and FEMA are separately competing for ventilators, which is driving prices up to roughly $25,000 each. Today, we look at the market forces at work…   Link to the podcast: respirator_prices Note – just […]

Identify the components of the GDP formula (expenditure approach). Explain how the current COVID-19 pandemic will affect said components and therefore affect GDP (are the components increasing/decreasing?). Lastly, why are these components affected? Example: Think about what is happening to households and firms and how it changes their relationship for each other. What is the […]

Watch Dan Pink and respond to the following:   1. When are extrinsic rewards most effective? 2. When do extrinsic rewards serve to inhibit achievement? 3. What are the three elements of intrinsic motivation? 4. Did this TED talk challenge any of your assumptions or made you think differently about motivation?   Must watch the […]

Design your own token economy system. You will create a PowerPoint presentation that includes the following components of your system and upload it to your post:   The tokens you will use (with visuals of what they will look like) The target behaviors and rules for successful task completion How you will make your system […]

Writing a personal mission statement offers the opportunity to establish what’s important in your professional life. A personal mission statement is often an integral part of a job or graduate-level application as it provides reviewers with insights into an applicant’s strengths in, and philosophies regarding, the discipline.   The personal mission statement includes a description […]

What market structure best describes the environment within which your organization operates? What challenges and opportunities would arise from higher and lower degrees of government intervention? Provide a rationale to support your selected market structure.