Write a 1,050-word analysis including the following: The impact the theory of consumer choice has on: The role asymmetric information has in many economic transactions. Demand curves Higher wages

MUST BE NEW AND ORIGINAL WORK NOT GIVEN TO OTHER STUDENTS. Write in a clear, concise, and organized manner; demonstrate ethical scholarship in the accurate representation and attribution of sources; and display accurate spelling, grammar, and punctuation. Include citations in the text and references at the end of the document in APA format.PLEASE READ INSTRUCTION CAREFULLY. IN TEXT CITATION AND MUST CITE ALL REFERENCE IN APA FORMAT

 

 

Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now

 

Purpose of Assignment

Week 5 exposes students to subjects that are intended to whet their appetites for further study in economics. Students will use the theory of consumer choice and the impact of the concepts of asymmetric information, political economy, and behavior economics, to describe how consumers make economic decisions.

Assignment Steps

Scenario: You have been asked to assist your organization’s marketing department to better understand how consumers make economic decisions.

Write a 1,050-word analysis including the following:

The impact the theory of consumer choice has on:

  • The role asymmetric information has in many economic transactions.
  • Demand curves
  • Higher wages

Higher interest rates

The Condorcet Paradox and Arrow’s Impossibility Theorem in the political economy.

People are not rational in behavior economics.

Cite a minimum of three peer-reviewed sources not including your textbook.

Format your paper consistent with APA guidelines. 

 

 

Grading Guide

 

Content Met Partially Met Not Met Comments:
Student’s analysis includes the impact the theory of consumer choice has on:

a. Demand curves

b. Higher wages

c. Higher interest rates

       
Student’s analysis includes the role asymmetric information has in many economic transactions.        
Student’s analysis includes the Condorcet Paradox and Arrow’s Impossibility Theorem in the political economy.        
Student includes analysis about people not being rational in behavior economics.        
The paper is 1,050 words in length.        
 

 

 

  Total Available Total Earned  
    10 #/10  

 

 

Writing Guidelines Met Partially Met Not Met Comments:
The paper–including tables and graphs, headings, title page, and reference page–is consistent with APA formatting guidelines and meets course-level requirements.        
Intellectual property is recognized with in-text citations and a reference page.        
Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper.        
Sentences are complete, clear, and concise.        
Rules of grammar and usage are followed including spelling and punctuation.        
    Total Available Total Earned  
    3 #/3  

 

 

Assignment Total # 13 #/13  
Additional comments:

 

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"