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ECON6000 Assessment Answers

ECON6000 Economics Principles & Decision Making Assignment Answers

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ECON6000 Task Answers

The course Economic Principles and Decision Making (ECON6000) focuses on managerial economics and involves the choice of decisions, such as price, products, production methods, other marketing pillars, etc. In the unit, there are barriers like "difficult to comprehend" concepts and the assignments based on them, other than the usual assignments like market analysis, that will help the student infer better consumer behavior, the market demand for the product, consumer choices, etc. The unit prepares a report after analyzing and doing careful research into the economic situation that is being presented.

The purpose of the assignment is to test the understanding of the student about the basic and core concepts of macroeconomics. The students will also be able to analyze their abilities and apply the concepts to the issues that are affecting the economy of United States from a macroeconomic perspective. The student will use the diagram and theories that are relevant to support their answers. Using the relevant macroeconomic concepts will make statistical information handy for explaining the findings. The unit is an individual-based repost and the topic will be a current issue that might have affected the economy of United States from a macroeconomic perspective.

The students need to identify, analyze, and discuss the core contents of macroeconomics, together with writing a report that covers the relevant concepts that will be discussed in class. The students need to focus on the macroeconomic environment to address the issues. The length of the report will be 2500 words and should have academic references of at least 6. The assessment attributes include knowledge and understanding of the core areas of macroeconomics, critical reasoning, defense of arguments, and display of understanding of macroeconomic concepts relevant to the assignments. It further includes analysis and application and a better quality of answers that align with the concept of macroeconomics.

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Unit Details:

Location: Laureate International Universities, United States

Study Level: Post Graduate and Undergraduate

Unit Code: ECON6000

The purpose of the assignment is to test the understanding of the student about the basic and core concepts of macroeconomics. The students will also be able to analyze their abilities and apply the concepts to the issues that are affecting the economy of United States from a macroeconomic perspective. The short-written module assessment helps the students apply their knowledge of the concepts being discussed during the module.

Brief of Assessment:

Module 1 includes Assessment 2, which is a short written assessment for individuals or groups with the learning outcomes of interpreting and successfully applying economic concepts of demand and supply for effective problem-solving in the organization. It also entails using quantitative methods to forecast complex business variables such as demand, supply, production, and costs. The third learning outcome is to critically analyze the production processes and cost functions together with classifying the main forms of market structures and recommending appropriate strategies.

Finally, the learning outcomes include critically evaluating the role and impact of various government interventions in the economy, including the implications of deregulation and policy competition for managerial practices of this unit is 4%, and a total grade of 4 is allotted. The short-written module assessment helps the students apply their knowledge of the concepts being discussed during the module. This assessment will help the students prepare the final report.

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Module 1 of Assessment 2 involves a short written assessment from Page 2 of 5. The instructions include providing the written answers to 2 problems that are discussed, as well as explaining sufficiently the problem: Schmeckt Gut has various production facilities with different production capacities. In District B, energy bars are being produced that are called The Schmeckt Gut Energy Bar and Schmeckt Gut 2.0.

The production capacity includes District D production capacity. Schmeckt Gut Energy Bar Schmeckt Gut 2.0 30,000 0 28,000 1,000 24,000 2,000 18,000 3,000 10,000 4,000 0 5,000 1. With the help of these figures and Microsoft Excel, the Production Possibilities Frontier (PPF) is to be mapped for the production of the Schmeckt Gut Energy Bar and Schmeckt Gut 2.0. If the student is unsure about the use of Microsoft Excel, review the Module 1 Learning Activities and try to replicate the examples next. The issue is that there is a problem with B.

At a local market in Industria, it is given that the demand for energy bars is high! The students must define the market equilibrium price and quantity, as well as explain how, in the case of subsequent price increases, the way of changes in supply and demand, the students must justify any conclusions reached with well-formed arguments, not just assertions. A specific position that is expertly presented and accurately takes into account the complexities of the issue(s) and scope of the assignment will earn the students higher grades. Giving proper justification to conclusions with well-developed arguments.

It is also expected that the students provide well-developed analysis and synthesis with the application of recommendations linked to analysis and synthesis. The assignments that are developed thoroughly and demonstrate creative analysis and synthesis in a highly sophisticated and creative manner get more grades. Analysis and synthesis of new and existing knowledge are expected. Strong application of pretested models and/or independently developed models and recommendations need to be justified depending on the analysis and synthesis.

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Weightage of the ECON6000 Course Code in the Semester:

This semester, the assignment carries a lot of weight. The purpose of the assignment is to test the understanding of the student about the basic and core concepts of macroeconomics. The students will also be able to analyze their abilities and apply the concepts to the issues that are affecting the economy of United States from a macroeconomic perspective.

The student will use the digram and theories that are relevant to support their answers. Using the relevant macroeconomic concepts will make statistical information handy for explaining the findings. The unit is an individual-based repost and the topic will be a current issue that might have affected the economy of United States from a macroeconomic perspective.

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