ECN 212 – SLN 77217 Syllabus Dr. Roberts Microeconomic Principles Fall 2012 Office: CPCOM 430C Phone: (480) 965-4683 E-mail: nancy.roberts@asu.edu Hours: TTH: 7:15 – 8:30 a.m. and 12:00 – 12:30 p.m. Other times by appointment. “Underlying most arguments against the free market is a lack of belief in freedom itself.” -- Milton Friedman COURSE MATERIAL: 1. Textbook: Microeconomics by Boyes and Melvin‚ 9th edition‚ (Paperback or 180
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PEPERIKSAAN AKHIR SEMESTER I SESI 2011/2012 (PRINCIPLES OF MICROECONOMICS) 1. Which of the following is the best example of a variable cost? A. Monthly payments for hired labour. B. Property tax payments. C. Monthly rent payments for a warehouse. D. Pension payments to retired workers. 2. Malik wants to start his own business. The business he wants to start will require that he purchase a factory that costs $400
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1) Problem 6: Suppose demand and supply are given by Qd = 60 – P and Qs = P – 20. a) What are the equilibrium quantity and price in this market? b) Determine the quantity demanded‚ the quantity supplied and the magnitude of the surplus if a price floor of $50 is imposed in this market. c) Determine the quantity demanded‚ the quantity supplied and the magnitude of the shortage if a price ceiling of $32 is imposed in this market. Solution: a. For the equilibrium i) Price: Qd = Qs 60-P=P-20
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Question 1) With examples give 5 reasons why the study of microeconomics is important. Microeconomics is a field of economic study that focuses on how an individual ’s behaviour and decisions affect the supply and demand for goods and services. For the purpose of microeconomics‚ the actions of individuals‚ households and businesses are crucial‚ unlike the study of macroeconomics‚ which focuses on national and international economic trends. Despite the differences between the two fields‚ however
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Reflective Account Level 3 Diploma Health and Social Care Candidate Name: Aneta Gasiuk Unit Title: 212 - Provide support to manage pain and discomfort. Reflective Account Assessor Use Only- Assessment Criteria Met Candidate to provide narrative under each statement of how they meet the criteria. You must provide answers to each question that allow your examiner to properly assess what work duties you are doing or what role you have within your work. It expected that you will need approximately
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Microeconomics (from Greek prefix mikro- meaning "small" and economics) is a branch of economics that studies the behavior of individuals and small impacting players in making decisions on the allocation of limited resources (see scarcity).[1] Typically‚ it applies to markets where goods or services are bought and sold. Microeconomics examines how these decisions and behaviors affect the supply and demand for goods and services‚ which determines prices‚ and how prices‚ in turn‚ determine the quantity
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International Law Case: Biddel brothers v e Clemens horst ( CIF sales contract) Questions: (1) Who are the parties? (2) Where are the parties from? (3) What is the issue of the problem in this case? ( What are they fighting about?) (4) What is the outcome( what happens at the end of the case who wins?) Summarize/Question answers: (1) We are talking about two parties. The seller of goods‚ in this case we talk about hops. and the buyer of the goods. The Goods will be shipped from point
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Homework Set #1 - ECN 212 - Fall 2012 - Dr. Roberts Homework Set #1 is due in the lab no later than Wednesday‚ September 19. You must use a NCS Pearson Scantron‚ form #229633‚ available in the ASU Bookstore. Answer sheets must be marked in pencil and contain your name and 10 digit ASU Identification Number. Failure to enter your 10 digit Identification Number correctly on your scantron will result in a loss of points. 1. The city of Austin can buy roads or light rail. If 5 miles of roads cost
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whether each of the following statements applies to microeconomics or macroeconomics‚ and why: 12 Marks Total a. The unemployment rate in Canada was 7.0 percent in January 2010 Answer: This is the macroeconomic statement because it describes the unemployment rate of the whole country. b. A Canadian software firm discharged 15 workers last month and transferred the work to India. Answer: This is the microeconomic statement because it focuses in an individual Canadian
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EC 3101: Microeconomic Analysis II A/P Indranil A/P Indranil Chakraborty All relevant details on EC3101 are in the syllabus The morning office hours on Tuesday will start from the third week of lectures t tf th thi d k fl t Important Highlights Important Highlights • Text book: Intermediate Microeconomics: A modern h approach by Hal R. Varian (8th edition) One midterm and one final exam Please do not email material‚ lecture or exam related questions. Post your questions precisely on IVLE Forum or ask
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