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Analyze the welfare effects of differing market allocations. 5.   Apply the simple Microeconomic models to real-world situations and determine how the assumptions or predictions of a model may need to be modified to apply to the real-world situations

Resources
Read/review the following resources for this activity:

  • Textbook: Chapter 17
  • Videos: Chapter 17 (in Weekly Resources)
  • Minimum of 1 library resource for initial post

Introduction

In this discussion, you will apply what you have learned in Chapter 17 to real-world situations in order to see how the concepts can be applied to a very broad range of situations.

Keep in mind that throughout this course, discussions are intended to bring real-world situations to the course material that we are covering each week. Part of your grade will depend on the connections you make between the article or scenario in each discussion, the material from the chapters we covered in the week, and, when applicable, your own experience.

Secondary Post Instructions

Comment on your classmates’ analysis—do you agree with what they’ve said?  With what the article said?  Are there other similar examples of Oligopolies of which you can think (that weren’t mentioned in an original post)? Does it appear to you that the firms are cooperating with or competing against each other?  If the government has not stepped in with a policy to “correct” the market, should they?  What might the government do?

Writing Requirements

  • In addition to one initial post, respond to at least two peers.
  • Initial Post Length: minimum of 250 words
  • Secondary Post Length: minimum of 200 words per post
  • Use APA format for in-text citations and list of references.

Grading and Assessment

Meeting the minimum number of postings does not guarantee an A; you must present an in-depth discussion of high quality, integrate sources to support your assertions, and refer to peers’ comments in your secondary posts to build on concepts. Refer to the Discussion Forum Grading Rubric (in Course Documents).

Course Learning Outcome(s): 1, 2, 4, 5, 6
1.   Apply the Ten Principles of Economics (basic economic axioms) to real-world situations.
2.   Predict market outcomes using simple Microeconomic models.
4.   Analyze the welfare effects of differing market allocations.
5.   Apply the simple Microeconomic models to real-world situations and determine how the assumptions or predictions of a model may need to be modified to apply to the real-world situations.
6.   Analyze the implications of Government interventions on market outcomes and welfare.

Course Learning Outcome(s): 1, 2, 4, 5, 6
1.   Apply the Ten Principles of Economics (basic economic axioms) to real-world situations.
2.   Predict market outcomes using simple Microeconomic models.
4.   Analyze the welfare effects of differing market allocations.
5.   Apply the simple Microeconomic models to real-world situations and determine how the assumptions or predictions of a model may need to be modified to apply to the real-world situations.
6.   Analyze the implications of Government interventions on market outcomes and welfare.

THE SAME VIDEOS I GAVE YOU BEFORE

SAME CHAPTER SAME RUBRIC ALL ATTACHED

200 words only for responses for two different discussion

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