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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 340 Weeks Ago, 2 Days Ago |
| Questions Answered: | 19234 |
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MBA (IT), PHD
Kaplan University
Apr-2009 - Mar-2014
Professor
University of Santo Tomas
Aug-2006 - Present
use ten principles to develop the understanding of economics and how society manages its scarce resources. Students will see how markets work using supply and demand for a good to determine both the quantity produced and the price at which the good sells. The concepts of equilibrium and elasticity are used to explain the sensitivity of quantity supplied and quantity demanded to changes in economic variables. Students will see how government policies impact prices and quantities in markets.Â
Assignment Steps
Resources:Â Principles of Microeconomics, Ch. 1, 2, 3, 4, and 6.Â
Prepare an 1000-word research paper as part of a marketing research committee for your organization about current microeconomic thought and theory.Â
Identify the fundamental lessons the Ten Principles of Economics teaches regarding:
Explain the following to help the committee members understand how markets work:
Format consistent with APA guidelines.
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