Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Question: Identify your top three takeaways from the course and how you'll leverage them to make good decisions.

You can consider these questions as you reflect on your learning in this course:

• What did you learn that will help you make better decisions?

• What will you do differently at work or in your personal life as a result of being able to apply economic principles to your decision making?

• What advice would you give to someone who is just starting to learn about the principles of economics?

Respond to classmate:

I felt this course was an extension of critical thinking with a spin to apply your personal decisions as if you were a business and not a person. If I were to conduct myself with rational thinking and judgment adhering to my own morals and values when making decisions this would carry over into economics. Substituting the economic factors for other personal ones is not off the mark.

There isn't much that I would do differently... The facts are the facts and the data is the data. Thinking ahead for personal growth is something I believe everyone does already. Applying this new outlook was definitely an eye opener to conflicting viewpoints and hard decisions.

If I were to advise anyone about the principals, I would reveal that if they can find one aspect of their lives in which they account for variables to make decisions that economics isn't going to be far off from that. If you were a time manager and scheduled your life on a calendar and times then substituting scheduling in for economics respectively and they might just be ahead of the curve.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93100641
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Microeconomics

Question a largely studied portion of the republic deals

Question: A largely studied portion of The Republic deals with Plato's cave allegory. The story goes something like this: You, as a person, find yourself within a cave, chained to the ground, facing a stone wall. You can ...

Question below you find several incidents that are the

Question: Below you find several incidents that are the consequence of shifts in either Money Supply or Money Demand. First, tell me whether the instance is due to a Supply or Demand shift. Second, state which specific s ...

Question you are making 1000 monthly deposits into a fund

Question: You are making $1000 monthly deposits into a fund that pays interest at a rate of 6% compounded monthly. What would be the balance at the end of 10 years? The response must be typed, single spaced, must be in t ...

Question adult iq scores have a bell-shaped distribution

Question: Adult IQ scores have a bell-shaped distribution with mean of 100 and a standard deviation of 15. Use the Empirical Rule to find the percentage of adults with scores between 70 and 130 If 250 adults are randomly ...

Question the first reading you had this semester was i

Question: The first reading you had this semester was I, Pencil. What was the lesson of this reading? How would a tax on lumber affect the coordination of all actors needed to make a pencil? Do you think this would resul ...

Question what information could be lost if a firm were to

Question: What information could be lost if a firm were to buy a supplier of its intermediate goods and incorporate that firm into its existing operating structure? The response must be typed, single spaced, must be in t ...

The number has jumped 60 since last year when prices were

The number has jumped 60% since last year. When prices were falling, the number fell from 2,000 in 2015 to only 480 in 2016. For the week of March 10, 2017 the number was at 762. The elasticity of the supply is around 0. ...

Question you are buying a car for 20000 with 4000 down

Question: You are buying a car for $20,000 with $4,000 down payment. You will pay for the remaining amount with 30 equal monthly payments with interest at 12%, compounded monthly. How much is your monthly payment? The re ...

Question in fast food we often see that a single franchisee

Question: In fast food we often see that a single franchisee owns all the outlets in a certain area that may be as large as a city. How does this increase the value that a franchise agreement is likely to create? The res ...

Question in 1964 and 1965 a 20 reduction in personal and

Question: In 1964 and 1965, a 20% reduction in personal and corporate income tax rates was followed by a budget surplus. In 1982 and 1983, a 20% reduction in personal and corporate income tax rates was followed by a budg ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As