Jane spends all her income on hot dogs and caviar. Her demand curve for caviar is inelastic at all prices for caviar. Unfortunately, the accident at Chernobyl has caused the supply of caviar to fall and the price to rise. What has happened to Jane’s consumption of hot dogs? Explain. (Note: You should assume that the accident at Chernobyl had no effect on the price of hot dogs or Jane’s preference for caviar.)

Paper instructions:

1.    Jane spends all her income on hot dogs and caviar. Her demand curve for caviar is inelastic at all prices for caviar. Unfortunately, the accident at Chernobyl has caused the supply of caviar to fall and the price to rise. What has happened to Jane’s consumption of hot dogs? Explain. (Note: You should assume that the accident at Chernobyl had no effect on the price of hot dogs or Jane’s preference for caviar.)

2.    How does the price elasticity of demand affect a firm’s pricing decisions? Give a real-life example of an actual company and a product or service that substantiates your response to this question.

3.    Why is the U.S. GDP so much higher than that of Mexico? Would the same reasons apply when we compare the U.S. GDP to Canada’s GDP?

4.    You are the owner of a family-owned restaurant. You do not pay yourself a salary or an hourly wage. How and why does this practice affect the economic cost of serving your patrons?

5.    Walmart is one of the most commercially successful U.S. companies today. Relate what you have learned about costs to why Walmart has been so profitable. Has Walmart’s success come at any cost? What is the most serious charge against Walmart? What is the most significant benefit that Walmart offers?

6.    If the government were to make university attendance mandatory and subsidize tuition costs with tax dollars, how might this affect a nation’s economic growth?

 

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Economics Q’s

1.    Jane spends all her income on hot dogs and caviar. Her demand curve for caviar is inelastic at all prices for caviar. Unfortunately, the accident at Chernobyl has caused the supply of caviar to fall and the price to rise. What has happened to Jane’s consumption of hot dogs? Explain. (Note: You should assume that the accident at Chernobyl had no effect on the price of hot dogs or Jane’s preference for caviar.)

2.    How does the price elasticity of demand affect a firm’s pricing decisions? Give a real-life example of an actual company and a product or service that substantiates your response to this question.

3.    Why is the U.S. GDP so much higher than that of Mexico? Would the same reasons apply when we compare the U.S. GDP to Canada’s GDP?

4.    You are the owner of a family-owned restaurant. You do not pay yourself a salary or an hourly wage. How and why does this practice affect the economic cost of serving your patrons?

5.    Walmart is one of the most commercially successful U.S. companies today. Relate what you have learned about costs to why Walmart has been so profitable. Has Walmart’s success come at any cost? What is the most serious charge against Walmart? What is the most significant benefit that Walmart offers?

6.    If the government were to make university attendance mandatory and subsidize tuition costs with tax dollars, how might this affect a nation’s economic growth?

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JP Morgan & Chase SWOT research

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Interview with the manager

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Auditing

Below are the instructions.

“The first case focuses on Madoff Securities and, in particular, the role that his accountant, David Friehling, played. Mr. Friehling’s firm issued unqualified audit opinions going back at least a decade. You are required to research the critical issues surrounding the Madoff debacle, specifically as they relate to Mr. Friehling and his firm. This will involve obtaining preliminary background information on the Madoff issue as a whole as well as information specific to Mr. Friehling. Pay particular attention to issues related to the AICPA and the SEC. In addition, you should research the AICPA’s Code of Professional Conduct to analyze specific sections that are applicable to Mr. Friehling’s actions.
Your paper should address the following:
1. The paper should have a good, solid opening that provides an insight into the topic and the issues that you’ve researched with respect to this case. For example, the opening can provide limited general background on Madoff Securities, the Ponzi scheme, etc. as they relate to Friehling, but the overall opening discussion should lead to the issues listed below. Keep this to no more than two concise paragraphs.
2. Discuss key issues of the case as they relate to Mr. Friehling’s actions, or inactions, in relation to the AICPA’s Code of Professional Conduct. Identify and describe the issues and provide examples to clarify and amplify your discussion. (i.e: What rules, if any, did he violate?)
3. Discuss key issues, if any, with respect to Mr. Friehling and the SEC.
4. The paper should contain a clear and concise conclusion that summarizes the paper.
5. It should also contain a brief discussion wherein you opine (express your opinion) in the last paragraph or two on Mr. Friehling’s conduct in this matter.

The paper should be no more than three pages in length. It should have a fourth page that contains a list of works that you’ve cited. (Note: The paper may not cite the textbook or Wikipedia.) The paper should be double spaced using 12 point Times Roman font with pages numbered at the bottom center. The paper must be submitted in MSWord format. See the syllabus for instructions on uploading the paper to Blackboard. Do not email me your paper. The paper should be well constructed and grammatically correct with minimal spelling and word usage errors. Be sure to appropriately cite quotes and facts contained in the body of your paper. Be sure that you understand the definition of plagiarism (see Syllabus) and that your paper does not violate these rules. References may be MLA or any other generally recognized citation format.”

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Brief Review of the Literature

A literature review is an extensive, critical review of all relevant professional and scientific literature related to a dissertation topic. It presents what is and is not known about a particular topic, identifies gaps or areas of controversy, and the strengths and weaknesses of the currently published work. It must analyze and synthesize literature and defend one or more points. The primary purpose of the literature review is to show that a research problem has merit.

Books and Resources for this Week:
Articles
Reference    Instruction
Boote, D. N., & Beile, P. (2005). Scholars before researchers: On the centrality of the dissertation literature review in research preparation.
http://proxy1.ncu.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=ofs&AN=507817120&site=ehost-live
Read Article
Torraco., R.J. (2005). Writing integrative literature reviews: Guidelines and examples.
http://search.proquest.com.proxy1.ncu.edu/docview/221810269?accountid=28180
Read Article
Websites
Reference    Instruction
Review of Literature. University of Wisconsin Madison.
http://www.wisc.edu/writing/Handbook/ReviewofLiterature.html
Review Website

TASK
Week 6 Assignment: Create a Brief Literature Review

Activity Description
Using all the sources from the annotated bibliography you completed in a previous Week and your analysis of issues in your topic area, write a brief literature review.

Your Concept Paper literature review is a synthesis and integration of fundamental and recent research and theory on your dissertation topic. Its main purpose is to show that you are familiar with key literature relevant to your research topic and to demonstrate that there is a gap in existing literature and research findings that your study will address. Use your work from Activity 4 to discuss and place your research problem in the context of issues in your topic area.

Your review should be a coherent, organized, and logical narrative that uses sources to argue that there is a meaningful gap in the current theory and research in your topic area that your study will address. Your review should be in the form of a conceptual arrow that points to the need for new research exactly the research that you propose!

Avoid simply describing one study per paragraph: Your goal is an integrated synthesis of concepts, ideas, and findings. The last few paragraphs of the review should summarize the trends in the literature that you have observed and build a bridge to the need for additional research within the area.

Review the ‘What is a Brief Literature Review’ slide in the PPT Concept Paper presentation (located in the Dissertation Center).

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The dangers of Forceps

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