Accounting 500
ACCT500 – Economics Module Week 6 – Microeconomics Applications
INSTRUCTOR VIEW
Week 6 includes four (4) applications in major areas in Microeconomics: 1) Scarcity/Incentives; 2) Opportunity Costs; 3) Supply and Demand; and 4) Market Equilibrium. You must complete all four applications. The options for each application are located in the textbook.
The Week 6 Assignment grading is as follows.
Applications 1, 2, 3, and 4: 9 points each
Articulation and APA: 2 points
The grading rubric for Week 6 is located on the Week 6 Assignments page.
Students will complete your Final Essay for each application as part of the Economics Assessment due by the end of Week 8. Final Assessment grading is as follows:
Applications 1, 2, 3, and 4: 27 points each
Articulation and APA: 12 points
The grading rubric for Economics Module Assessment is located on the Economics Module Assessment - Assignments page.
It is important to provide feedback as quickly as possible for the Week 6 Homework draft essays so that the students can begin working on the Final essays due in Week 8.
APPLICATION 1 - SCARCITY/INCENTIVES:
Prior to completing the application, it is highly recommended that students review Chapters 1 and 2 to gain a solid foundation.
Option 1: “INCENTIVES TO BUY HYBRID VEHICLES”
OPTION 2: “THE ECONOMIC SOLUTION TO SPAM”
APPLICATION 2: OPPORTUNITY COSTS:
Prior to completing the application, it is highly recommended that students review Chapters 1 and 2 to gain a solid foundation.
Option 1: DON’T FORGET THE COSTS OF TIME AND INVESTED FUNDS
option 2: HOW FAST TO SAIL?
APPLICATION 3: Law of SUPPLY AND DEMAND:
Prior to completing the application, it is highly recommended that students review Chapter 3 to gain a solid foundation.
Option 1: LAW OF DEMAND AND CIGARETTES
Option 2: LAW OF SUPPLY AND WOOLYMPICS
APPLICATION 4: Market Analysis (Equilibrium)
Prior to completing the application, it is highly recommended that students review Chapters 3 and 4 to gain a solid foundation.
Option 1: Equilibrium: CHINESE DEMAND AND PECAN PRICES
Option 2: Equilibrium: HONEYBEES AND THE PRICE OF ICE CREAM
Option 3: WHY LOWER DRUG PRICES?