Managerial Economics individual work wk4

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anagerial Economics individual work wk4
Instructional Objectives for this activity:
Show how business managers use game theory when making decisions
Game theory defines strategic behavior as the interdependence of actions: what one person or entity does affects and is affected by what others do. In this assignment,
you will show how we utilize game theory in various competitive situations.
For this assignment, refer to the concepts from Chapter 8 to respond to Exercises 7, 8, 11, and 12 starting on page 144.
Assignment should be three to four pages in length.
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Bitcoin and its effect on microeconomics

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Bitcoin and its effect on microeconomics
Project description
This assignment will be based on the the ability to analyze: the WHEN, WHERE, WHY, and HOW; How this topic relates to economics; and a conceptual explanation of how
this event could be analyzed in an economic model. You can use graphs, terminology, or a combination of both for this section.
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Economics Environment and Practice

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Economics Environment and Practice
Summative Assignment 3: Individual Report (100 marks)
Imagine yourself being the owner or director of a UK business of your choice at present.
1.  Conduct a research outlining the economic environment facing your business.
(20 marks)
2.  How has your business been impacted by the past few years’ as well as the current economic conditions?  Use concrete figures to substantiate your claim.
(20 marks)
3.  Based on the current economic environment, project what the economy would be like in 5 years’ time and what strategies you would adopt to fit your business into
this projected operating environment.
(20 marks)
4.  If you were to hire someone to help you work towards these goals mentioned in (3) above, what post would you create for him/her?  Design a list of job
specification for this post and 10 questions you would ask the candidates during their interviews to help you select the right person for the job.
(20 marks)
5.  How would you measure whether your business strategies have been a success or not in 5 years’ time?
(20 marks)
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International Economics

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Select an organization that both U.S. and international presences.
Write a 700- to 1,000-word paper in which you answer address the following:
What does the president and congress do to stimulate the economy? What does the president and congress do to contract the economy?
What does the Federal Reserve do to stimulate the economy? What does the Federal Reserve do to contract the economy?
What motivates policymakers to stimulate the economy or contract the economy?
Based on your research, what does the Federal Reserve say about its policy goals?
What does the Federal Reserve say about the strength of the economy?
How does the strength of other economies outside of the U.S. affect your organization?
Based on your research, recommend changes in your organization?s competitive strategies or supply chain.


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