Explain how simulation is used in the real world.

week 3

Select one (1) of the following topics for your primary discussion posting:

Identify the part of setting up a simulation in Excel that you find to be the most challenging, and explain why. Identify resources that can help you with that.
Explain how simulation is used in the real world. Provide a specific example from your own line of work, or a line of work that you find particularly interesting.

week 4

Select one (1) of the following topics for your primary discussion posting:

Identify any challenges you have in setting up a time-series analysis in Excel. Explain what they are and why they are challenging. Identify resources that can help you with that.
Explain how forecasting is used in the real world. Provide a specific example from your own line of work, or a line of work that you find particularly interesting.

Identify the part of setting up a simulation in Excel that you find to be the most challenging, and explain why.

week 3

Select one (1) of the following topics for your primary discussion posting:

Identify the part of setting up a simulation in Excel that you find to be the most challenging, and explain why. Identify resources that can help you with that.
Explain how simulation is used in the real world. Provide a specific example from your own line of work, or a line of work that you find particularly interesting.

week 4

Select one (1) of the following topics for your primary discussion posting:

Identify any challenges you have in setting up a time-series analysis in Excel. Explain what they are and why they are challenging. Identify resources that can help you with that.
Explain how forecasting is used in the real world. Provide a specific example from your own line of work, or a line of work that you find particularly interesting.

Describe what the assignment was and explain how you moved through the planning to the reviewing process.

Now that you have learned a little about the internal and external factors that influence how you compose your thoughts, write an essay in which you describe your own writing process.

Tell of a specific writing assignment, one that might have been related to your career or your personal or academic life. Describe what the assignment was and explain how you moved through the planning to the reviewing process.

The paper should be about 300 words long—longer if necessary.

Please type—double spaced—to allow room for comments.

A Writer’s Repertoire, with 1999 MLA guidelines, by Gwendolyn Gong and Sam Dragga (New York: Longman, 1995). This is the reference book ch 2 and 8.

How does the price elasticity of demand affect a consumer’s purchasing and the firm’s pricing strategy as it relates to the simulation/video?

Watch the Khan Academy Video “Changes in Market Equilibrium” located in the Week 1 Khan Academy Videos.

Write a minimum of an 1,100-word paper summarizing the content of the simulation and address the following:

Identify two microeconomics and two macroeconomics principles or concepts from the simulation/video.
Explain why you have categorized these selected principles or concepts as microeconomics or macroeconomics.
Identify at least one shift of the supply curve and one shift of the demand curve in the simulation/video.
Explain what causes the shifts, and how each shift affects the price, quantity, and decision making.

Include responses to the following:

How might you apply what you learned about supply and demand from the simulation/video to your workplace or your understanding of a real-world product with which you are familiar?
How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on equilibrium price and quantity?
How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?
How does the price elasticity of demand affect a consumer’s purchasing and the firm’s pricing strategy as it relates to the simulation/video?

Cite a minimum of 3 peer reviewed sources.

Watch the following Khan Academy videos:

Introduction to Economics
Law of Demand
Law of Supply
Market Equilibrium
Changes in Market Equilibrium
Price Elasticity of Demand

How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?

Watch the Khan Academy Video “Changes in Market Equilibrium” located in the Week 1 Khan Academy Videos.

Write a minimum of an 1,100-word paper summarizing the content of the simulation and address the following:

Identify two microeconomics and two macroeconomics principles or concepts from the simulation/video.
Explain why you have categorized these selected principles or concepts as microeconomics or macroeconomics.
Identify at least one shift of the supply curve and one shift of the demand curve in the simulation/video.
Explain what causes the shifts, and how each shift affects the price, quantity, and decision making.

Include responses to the following:

How might you apply what you learned about supply and demand from the simulation/video to your workplace or your understanding of a real-world product with which you are familiar?
How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on equilibrium price and quantity?
How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?
How does the price elasticity of demand affect a consumer’s purchasing and the firm’s pricing strategy as it relates to the simulation/video?

Cite a minimum of 3 peer reviewed sources.

Watch the following Khan Academy videos:

Introduction to Economics
Law of Demand
Law of Supply
Market Equilibrium
Changes in Market Equilibrium
Price Elasticity of Demand
More on Elasticity of Demand

Note: All content is available for free at khanacademy.org

How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on equilibrium price and quantity?

Watch the Khan Academy Video “Changes in Market Equilibrium” located in the Week 1 Khan Academy Videos.

Write a minimum of an 1,100-word paper summarizing the content of the simulation and address the following:

Identify two microeconomics and two macroeconomics principles or concepts from the simulation/video.
Explain why you have categorized these selected principles or concepts as microeconomics or macroeconomics.
Identify at least one shift of the supply curve and one shift of the demand curve in the simulation/video.
Explain what causes the shifts, and how each shift affects the price, quantity, and decision making.

Include responses to the following:

How might you apply what you learned about supply and demand from the simulation/video to your workplace or your understanding of a real-world product with which you are familiar?
How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on equilibrium price and quantity?
How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?
How does the price elasticity of demand affect a consumer’s purchasing and the firm’s pricing strategy as it relates to the simulation/video?

Cite a minimum of 3 peer reviewed sources.

Watch the following Khan Academy videos:

Introduction to Economics
Law of Demand
Law of Supply
Market Equilibrium
Changes in Market Equilibrium
Price Elasticity of Demand
More on Elasticity of Demand

Note: All content is available for free at khanacademy.org

How might you apply what you learned about supply and demand from the simulation/video to your workplace or your understanding of a real-world product with which you are familiar?

Watch the Khan Academy Video “Changes in Market Equilibrium” located in the Week 1 Khan Academy Videos.

Write a minimum of an 1,100-word paper summarizing the content of the simulation and address the following:

Identify two microeconomics and two macroeconomics principles or concepts from the simulation/video.
Explain why you have categorized these selected principles or concepts as microeconomics or macroeconomics.
Identify at least one shift of the supply curve and one shift of the demand curve in the simulation/video.
Explain what causes the shifts, and how each shift affects the price, quantity, and decision making.

Include responses to the following:

How might you apply what you learned about supply and demand from the simulation/video to your workplace or your understanding of a real-world product with which you are familiar?
How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on equilibrium price and quantity?
How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?
How does the price elasticity of demand affect a consumer’s purchasing and the firm’s pricing strategy as it relates to the simulation/video?

Cite a minimum of 3 peer reviewed sources.

Watch the following Khan Academy videos:

Introduction to Economics
Law of Demand
Law of Supply
Market Equilibrium
Changes in Market Equilibrium
Price Elasticity of Demand
More on Elasticity of Demand

Note: All content is available for free at khanacademy.org

Explain why you have categorized these selected principles or concepts as microeconomics or macroeconomics.

Watch the Khan Academy Video “Changes in Market Equilibrium” located in the Week 1 Khan Academy Videos.

Write a minimum of an 1,100-word paper summarizing the content of the simulation and address the following:

Identify two microeconomics and two macroeconomics principles or concepts from the simulation/video.
Explain why you have categorized these selected principles or concepts as microeconomics or macroeconomics.
Identify at least one shift of the supply curve and one shift of the demand curve in the simulation/video.
Explain what causes the shifts, and how each shift affects the price, quantity, and decision making.

Include responses to the following:

How might you apply what you learned about supply and demand from the simulation/video to your workplace or your understanding of a real-world product with which you are familiar?
How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on equilibrium price and quantity?
How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?
How does the price elasticity of demand affect a consumer’s purchasing and the firm’s pricing strategy as it relates to the simulation/video?

Cite a minimum of 3 peer reviewed sources.

Watch the following Khan Academy videos:

Introduction to Economics
Law of Demand
Law of Supply
Market Equilibrium
Changes in Market Equilibrium
Price Elasticity of Demand
More on Elasticity of Demand

Identify two microeconomics and two macroeconomics principles or concepts from the simulation/video.

Watch the Khan Academy Video “Changes in Market Equilibrium” located in the Week 1 Khan Academy Videos.

Write a minimum of an 1,100-word paper summarizing the content of the simulation and address the following:

Identify two microeconomics and two macroeconomics principles or concepts from the simulation/video.
Explain why you have categorized these selected principles or concepts as microeconomics or macroeconomics.
Identify at least one shift of the supply curve and one shift of the demand curve in the simulation/video.
Explain what causes the shifts, and how each shift affects the price, quantity, and decision making.

Include responses to the following:

How might you apply what you learned about supply and demand from the simulation/video to your workplace or your understanding of a real-world product with which you are familiar?
How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on equilibrium price and quantity?
How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the equilibrium price and quantity?
How does the price elasticity of demand affect a consumer’s purchasing and the firm’s pricing strategy as it relates to the simulation/video?

Cite a minimum of 3 peer reviewed sources.

Watch the following Khan Academy videos:

Introduction to Economics
Law of Demand
Law of Supply
Market Equilibrium
Changes in Market Equilibrium
Price Elasticity of Demand
More on Elasticity of Demand

Note: All content is available for free at khanacademy.org

In your analysis, what lessons might you learn from the Geek Squad case study?

Elements of a Marketing Plan

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Review the video case study “Geek Squad: A New Business for a New Environment” on pp. 88-89 in your textbook. Keep this case study in mind as you complete this assignment.

Create a 7-9 slide PowerPoint presentation (this does not include the title or reference page) with speaker notes using your company or one with which you are. Answer the following questions for your chosen organization, include an in-depth introduction, conclusion, title page and reference page:

In your opinioin, what are the specific key environmental forces that created an opportunity for your company?
Have there been changes in the purchasing patterns of your organization’s target market in recent years?
Conduct an environmental scan for your chosen company to identify key trends. For each of the five environmental forces (social, economic, technological, competitive, and regulatory), identify trends likely to influence your company’s marketing efforts and product offering in the future.
What differentiation strategy should your company undertake to encourage their target market to choose them over other competitors?
In your analysis, what lessons might you learn from the Geek Squad case study?
What recommendations can you offer up to Geek Squad?

Please be prepared to present your assignment during class.

Include at least three references, at least one of which must come from the University Library.

MUST BE ORIGINAL

Attachments: