Premium Essay

Gm545 - Project Part 1 - 2011

In: Business and Management

Submitted By mccevher
Words 1382
Pages 6
Course Project - Part 1
This course contains two project assignments -- Project Part 1 in Week 2, and Project Part 2 in Week 5. Because of this, you will need to spend additional time and effort in Weeks 2 and Week 5.
|Overview | |
| | |

Project Part 1 (PP1)
Project Part 1 (PP1) consists of performing application-oriented exercises wherein the specific economic principles learned in this course are put to practical use. You must translate your ideas into economic analysis using the specific economic theory and economic terms contained in the TCOs covered in the course, and demonstrate that you are understanding and utilizing material from text chapters covered up to this point in the course, to receive full credit on the assignment.
You are being asked to submit a report containing responses to three exercises. Exercise 1 entails a choice of one topical microeconomic issue out of two possible alternatives. Exercises 2 and 3 entail a choice of two textbook questions out of a list of possible alternatives.
|Exercise 1 | |
| | |

Choose one of the following two microeconomic issues: 1. Everyone’s Gasoline Problem. We are all familiar with fluctuating prices of gasoline at the pump. Why does this happen? Research the recent history of gasoline pricing in your area, and attempt to relate any fluctuations you observe to documented supply and demand factors, as outlined in our book.…...

Similar Documents

Premium Essay

Business Economics Gm 545 Project Part 1 Fall Session a 2011

...come under growing pressure to ensure that workers in their supply chain - particularly in labor-intensive markets such as India and China - are not exploited. The BBC's Panorama programme, which carried out a six-month investigation, alerted Primark to the problems that their suppliers are sub-contracted smaller firms, which were using child labor to carry out embroidery and sequin work. Under the terms of its code of practice for suppliers, Primark prohibits the use of child labor in its manufacturing chain. Equilibrium Price: This is the price at the quantity of goods demanded is equal to the amount supplied. Let us take an example, say when the price of a tin of sugar is $1 there was a demand of 100 boxes of sugar and 100 boxes were supplied to the market at that particular time. Then we say that $1 is the equilibrium price at that point. Considering consumers as stakeholders, the intense pressure cause the demand of the Primark’s products to decrease. A decrease in the demand of their product leads to excess supply of their products. Since supply is excess, equilibrium price will fall. A case may also arise where there will be a change in both supply and demand of their commodity. This may occur in the ways that both demand and supply may increase or both supply and demand may decrease, supply may increase while demand decreases and lastly, supply may decrease while demand increases. If both supply and demand decrease equally, it is assumed that no change had......

Words: 979 - Pages: 4

Premium Essay

Microeconomics Project Part 1

...ES2550 Microeconomics - OL2-MAR1813 | Project Part 1 | | [Author name] [Date] | Barnes & Noble books which Estimated Elasticity is -4.00 which I believe is elastic because it has a value greater than 1 decrease in quantity demanded is proportionally greater than the increase in price. Coca-Cola which Estimated Elasticity is -1.22 I believe is elastic because it has a greater then 1 Cigarettes which Estimated Elasticity is -0.25 I believe is inelastic because it has less than 1 in absolute value. Beer which Estimated Elasticity is -0.23 I believe is inelastic because it has less than 1 in absolute value. Gasoline which Estimated Elasticity is -0.06 I believe is inelastic because it has less than 1 in absolute value. Explain the implications of those classifications on tax revenue collections when the per-unit tax increases as opposed to decreases. Tax revenue collections will be in the following order: First is Gasoline then Beer next is Cigarettes then Coca cola lastly Books The more the elasticity the less the revenue collected. Using those classifications, make some assumptions regarding tax incidence. For instance, will buyers or sellers pay a larger portion of the tax per unit? Explain. Alike the weight on buyers’ tax accepted by them is more for goods that have inelastic demand. Based on the elasticity classifications their effect on tax revenue, and tax incidence, which goods would the government prefer to tax? The Government tax goods......

Words: 390 - Pages: 2

Free Essay

Project Part 1,

...Project Part 1 : Multilayered Security Plan The safety and security of information owned by Richman Investments is extremely important and needs to monitored constantly. Through the following outline I hope to enhance the companies security, update systems and applications and ensure the integrity of the information stored on the network. The outlined areas will be monitored and reported monthly to senior management and will be updated as needed. The following outline will touch on each domain and will include security measures needed for those domains. 1.0 User Domain 2.1 Mobile storage disabled 2.2 Admittance to work area and computer with badge only. No visitors permitted 2.3 Multi-layered authentication with username/password and either token or biometrics 2.4 Training of new hires or quarterly training of current employees on security awareness 2.5 Security software with scanning capabilities to ensure no malware or virus intrusion is allowed. 2.0 Workstation 3.6 Hardware inventory taken quarterly to asses needs for new equipment or updates. 3.7 Software database examined to asses need for updates or antivirus renewal. 3.8 Different departments will be assessed groups in active directory to prevent authorization conflicts or confusion 3.9 Admittance to workstations will only be permitted with proper credentials, badge or token. 3.0 Lan 4.10 All cabinets and server rooms will be......

Words: 656 - Pages: 3

Premium Essay

Project Part 1

...Security Threats Project Part 1: Current Security Threats The top three security threats that Aim Higher College faces are the following: * Mobile devices connecting to the network * Social Media * Compromised routers intercepting sensitive information These threats are the most common that any college faces. The threats have remained at the top of the list every year for a variety of reasons. This list of threats is also unique to college campuses. I will discuss each of the threats in this report. College students love new technology and each year smaller and more powerful devices are hitting the market. Students on the campus have a variety of devices ranging from cell phones, tablets, and laptops. These devices connect to the campus network and are used by students to check email, class schedules, get grades, and many other uses. The challenge is to allow these devices the necessary access and still have a secure network. Each device has to be checked for viruses, spyware, and other types of malware while still maintaining the C-I-A triad. A balance must be found between usability and security. Each time a remote device is connected to the network there is a possibility that the network can be compromised by one these devices. Every device should be authenticated, scanned, and identified. The use of social media has increased in recent years. Students and teachers both use things like Facebook, Myspace, and others. These applications have the......

Words: 326 - Pages: 2

Premium Essay

Project Part 1 Microeconomics

...Lead Economist Laura From: Alex Anderson Subject: Project Part 1 After some research, I have come to a series of conclusions that I will explain in the document. To understand what type of economy the United States has, first we must consider the three types of economic outlines. These are central, market, and mixed economies. By taking a closer look at how each type of economy operates, and looking at examples of each, we can come to an understanding of what best fits the model of the United States. First, we will take a closer look at a central economy. This type of economy has its grounding in government rulings. At first description this sounds as though it would fit properly for the United States government as the government regulates taxes and tariffs on trade. However, in the case of a central economy system, the government makes all the economic decisions, preventing people (individuals or firms) from being able to affect the current market within the bounds of the system. This also has a very high chance to have a black market for many different good due to high government control. For example, if a certain good (milk) were to be set a low price, those who produce the milk may save some of it to sell to a black market for a better price on their good. Likewise, this control can be used in conjunction with knowledge of the average budget to fix prices so only people working for the highest power parts of the government can have excess capital to spend......

Words: 652 - Pages: 3

Premium Essay

Course Project Part 1

...Course Project Part 1 Task 1: Assessing loan options for AirJet Best Parts, Inc. (1) EAR of National First Bank loan is 10.25%. APR = 3.25 (Prime Rate) + 6.75 M = 2 (Compounded semiannually) Formula: EAR = (1+APR/M)^M – 1 Solution: 0.1025 = (1+.10/2)^2 – 1 EAR of the Regions Best Bank loan is 13.99%. APR = 13.17 M = 12 (Compounded monthly) Formula: EAR = (1+APR/M)^M – 1 Solution: 0.1399 = (1+.1317/12)^12 – 1 (2) I recommend using National First Bank because the APR and the EAR are lower than Regions Best, which will result in paying back less interest over the course of the loan. (3) The monthly payment amount of the loan is $147,357.20. I agree with this decision because APR and EAR would be lower than National First resulting in paying back less interest over the duration of the loan. I got this answer with the following information and formula in Excel: PV= $6,950,000 r= 8.6% =PMT(rate,nper,PV,FV) m= 5 (years) Task 2: Evaluating Competitor’s Stock (1) The competitor I chose is Raytheon and the rate of return assuming the dividend growth rate is 5% would be 7.57%. Raytheon’s latest dividend amount was obtained from Yahoo Finance and used with the following formula. g = 5% R = ? D1 = 2.2 (dividend amount) P0 = $85.28 (stock price) Formula: R = D1/P0 + g Solution: R = 2.2/85.28 + .05 = .0757 = 7.58%   (2) Current share price of Air Jet Best Parts, Inc. is $23.06. Rate of return is...

Words: 585 - Pages: 3

Premium Essay

Keller Gm545 Course Project - Part 1

...Keller Graduate School of Management Business Economics GM545 Online Graduate Course Summer Session A, July 2010 Project Part 1 16 July 2010 Exercise 1: Everyone’s Gasoline Problem One of the most classic application examples of supply and demand is the gas/petroleum market. Gas prices are established through basic supply and demand, when demand rises and supply falls, prices rise quickly; and just the converse when supply increases and demand falls, prices decrease (although rare in modern day occurrence). Fluctuations in gas prices are also the result of multiple industry factors including uncertainty in the economy, economic demands for oil and the price per barrel of oil. Speculation and forecasting also lend a hand in continuously moving market equilibrium. Intermediaries in the market, such as gas wholesalers, can also have a profound impact on the market through price increases, charging higher premiums for service and handling. Multiple influences affect the price of gas, some direct, others indirect. One such case of an indirect influence on price is natural disasters. The hurricanes in the Gulf of Mexico region have impacted gas prices on more than one occasion, more recently Hurricane Katrina. The devastation that rocked the nation impacted the supplies of crude oil and gas productions leading to a shortage. This shortage was felt almost immediately as prices per gallon of gas skyrocketed. (Chevron Corporation 2005-2008) Government regulations and......

Words: 1947 - Pages: 8

Premium Essay

Keller Gm545 Course Project - Part 2

...Keller Graduate School of Management Business Economics GM545 Online Graduate Course Summer Session A, July 2010 Project Part 2 7 August 2010 Exercise 1: Chapter 15, Question 14 (textbook page 424) National income and output are used in economic studies to estimate the value of goods and services produced in an economy—a snapshot of a country’s economic activity. A system of national accounts is employed to account for and record economic changes. National income is calculated using a variety of different methods. Some of the more popular methods include GDP (Gross Domestic Product), GNP (Gross National Product), NNP (Net National Product), NNI (Net National Income) PI (Personal Income) and PDI (Personal Disposable Income), among many others. [ (Investopedia ULC 2010) ] National income statistics provide us with a numerical comparison of one country’s economic situation with another country’s economic situation. Easily economic growth of countries can be compared over time or at a particular snapshot in time. National income accounts also provide government agencies and private businesses with a tool for economic planning and budgeting. What’s more is this information provides a comparison with the standard of living from one country to another. Many issues arise with accounting for the true national income of any country. Certainly there is a concern for double-counting, for example the outputs of one business are the inputs of another business. If both are......

Words: 1629 - Pages: 7

Premium Essay

Project Part 1

...Project Part 1 The top three security threats that Aim Higher College faces are the following: Mobile devices connecting to the network, Social Media, and Compromised routers intercepting sensitive information. These threats are the most common that any college faces. The threats have remained at the top of the list every year for a variety of reasons. This list of threats is also unique to college campuses. I will discuss each of the threats in this report. College students love new technology and each year smaller and more powerful devices are hitting the market. Students on the campus have a variety of devices ranging from cell phones, tablets, and laptops. These devices connect to the campus network and are used by students to check email, class schedules, get grades, and many other uses. The challenge is to allow these devices the necessary access and still have a secure network. Each device has to be checked for viruses, spyware, and other types of malware while still maintaining the C-I-A triad. A balance must be found between usability and security. Each time a remote device is connected to the network there is a possibility that the network can be compromised by one these devices. Every device should be authenticated, scanned, and identified. The use of social media has increased in recent years. Students and teachers both use things like Facebook, Myspace, and others. These applications have the potential to transmit malware every time they are used on the......

Words: 543 - Pages: 3

Premium Essay

Project Part 1

...Project Part 1 I am the project manager for Global Communications, a multinational company that installs communication systems using a wide variety of communication technologies, ranging from stringing wire to fiber optics. While the corporate offices of Global Communications are located in the U.S., there are other divisions operating in the UK, Russia, Germany, France, Italy, China, India, Japan, Egypt, Mexico, and Argentina. The composition of project teams in Global Communications varies depending upon the project. However, a typical project team comprises a hardware engineer, a software engineer, a testing engineer, a network administrator, human resources for training, administrative support personnel, and computer programmers. A typical project involves drafting and design, procurement, and transportation and logistics. Recently, the Ministry of Communication of a small country in the Caribbean has approached Global Communications. The country has had a communication hardware failure that caused a breakdown of its entire communication system. My task as a project manager is to put together a project team that will ascertain the extent of the damage and recommend a course of action for the country to follow. I will begin this project by identifying the critical success factors (CSFs) necessary for the success of the project. Virtual teams are more complex because they cross boundaries related to time, distance, and organization (Duarte & Snyder, p.......

Words: 585 - Pages: 3

Premium Essay

Nt2580- Project Part 1

...Project Part 1 Multi-Layered Security Plan Outline The following outline is to document the general security solutions for Richman investments, for all locations including head-quarters, for the safety of data and information that belongs to Richman Investments. This plan will be updated and submitted, every month by the networking division, to senior management along with a security plan for the month. 1. User Domain a. This Domain includes Individuals within an organization who access its information. b. An acceptable use policy to define what users can and cannot do with company IT information will be created. c. Managers should review security awareness training and review acceptable use policies with employees periodically. d. Internal CD drives and USB ports will be disabled. e. Content filtering and antivirus scanning on any downloaded media, and emails will be setup. f. Restrict access for users to only applications, data and systems needed to perform their job. g. Monitor and track employee behavior and their use of IT infrastructure during off hours. 2. Workstation Domain a. Systems where most users connect to the IT infrastructure. i. Workstations can be any desktop, laptop, or other device that connects to an organizations network. b. Password protection on all workstations. c. Auto screen lockout for inactive times. d. Strict access control procedures, standards, policies, and guidelines. e. All CD, DVD, and USB ports will be disabled. ...

Words: 779 - Pages: 4

Premium Essay

Economics Project Part 1

...Project Part 1 Matthew Gist ITT Microeconomics ES2550 Roger Lignugaris April 19, 2015 Project Part 1 A. Does the United States have a comparative advantage in wingdings? Explain. It is cheaper to import wingdings than it is to produce them. If the US had a comparative advantage in wingdings, we would export them. Comparative advantage is that the countries with a comparative advantage in a certain good will specialize in and export that good. B. Discuss the effect of the tariff on the number of imports. The tariff decreases the import from 20 at the world price to 6 after the tariff.   The price increases from $6 to $8 for someone to buy a wingding in the US, which means the quantity demanded domestically is now 18 and the quantity supplied domestically is 12, which is only a shortage of 6 units that needs to be supplied. C. How did the imposition of the tariff change consumer surplus? The tariff decreased consumer surplus by the area with height 8-6 and base y = 26 and base z= 18. The area of this can be calculated by splitting the area into a rectangle and a triangle. The rectangle has an area of (8-6)x18=36 and the triangle has an area of (1/2)x(26-18)x2=8. Adding the two the consumer surplus went down by 44. D. How did the imposition of the tariff change producer surplus? Producer surplus increased after the tariff, by the area with height 8-6 and base y=6 and base z=12. The area of a trapezoid is just [(b1+b2)/2]xh, which is......

Words: 396 - Pages: 2

Premium Essay

Is3220 Project Part 1

...IS 3220 IT Infrastructure Security Project Part 1: Network Survey Project Part 2: Network Design Project Part 3: Network Security Plan ITT Technical Institute 8/4/15 Project Part 1: Network Survey Network Design and Plan Executive Summary: We have been engaged in business for some time, and have been very successful, however we need to re-examine our network configuration and infrastructure and identify that our network defenses are still reliable, before we make any changes. We need to take a hard look at our current configuration of host, services and our protocols within our organization. Data from a large number of penetration tests in recent years show most corporate networks share common vulnerabilities. Many of these problems could be mitigated by appropriate education in “hacker thinking” for technical staff. We will take a look at our security on routers and switches to make sure there are no leakages of data traffic. OBJECTIVE We have identified that we have loss some major accounts to competitors whose bids have been accurately just under our bid offers by exact amounts. We also believe due to shared reporting and public Web site functions that our Web servers have been compromised and our RFP documents have been leaked to competitors which enabled them to under bid us. We want to mitigate Web threats in the future; we realize the web is a mission critical business tool. We want to purchase new products and services, that will give us an edge and......

Words: 3355 - Pages: 14

Premium Essay

Project Part 1 -Gm545

...Exercise Part I The microeconomic issue that I chose to discuss is “Everyone’s Gasoline Problem”. I will be discussing this topic as a consumer as well as a business economics’ student on why I feel the prices of gasoline has been fluctuating in recent history. This is a very important topic because it affects a lot of people during the current economic times. The price of gas affects food costs, utility costs, and how much it cost for consumers to get from point A to point B whether it’s by car, airplane, or bus. There are many factors that play a part in gas prices –I will be focusing on are supply and demand due to economic issues and the supply of oil. One factor that affects gasoline prices are economic issues. Our current economic status plays a part because people are more cautious of their money during economic hardships than when the economy is doing well. While people will still by gas some are weary of long vacations that require driving far. Gas tend do go up during the summer months usually due to families traveling with their kids. “The more people are on the roads, the less gasoline is usually available and so the more that gasoline costs consumers. The higher the prices serve in some ways as a checks and balances system to prevent the overuse of gasoline during the summer months.” Some companies (including my job) allow employees to telecommute some days which is a great way to save on gas. When people drive less gas usually go down – which......

Words: 1251 - Pages: 6

Premium Essay

Course Project Part 1

...BUSN379 Course Project Part 1 Task 1: Assessing loan options for AirJet Best Parts, Inc. 1. Regions Best (1+ .1317/12)^12 -1 =0.14 EAR = 14% National First (1+ (6.75+3.25)/2)^2 -1 =.1025 EAR = 10.25% 2. Based on my calculations I would choose the National First loan because the EAR is only 10.25%. The EAR for the Regions Best loan is 14%. The ideal EAR for the company would be the smallest rate. 3. (1+8.6/12)^12 -1 = 8.95%. Monthly payment 8.95% of $6,950,000 = $622,025. By taking a smaller amount loan will save them money that they will need to pay back in the end. If they don’t borrow enough they may end up closing because they ran out of money to get their feet off the ground. It all comes down to saving money now and taking that chance of starting quickly, or spending money now to get the factory set up and make money later. Task 2: Evaluating Competitor’s Stock 1. Lockheed Martin Corporation as of May 12, 2012 Price: 85.21 Dividend: 4.00 Rate of Return 4*(1+.05)/85.21 + .05 =.1204 =12.04% 2. Current Share Price Rate of Return = 12.04% 1.50*(1+.01) / (.1204-.01) =$13.72 3. Preferred Stock Price 1.5 / .1204 =$12.46 I would assume that the stockholder would want the current price to be higher than the preferred price because that would mean the stock is doing better than projected to be...

Words: 521 - Pages: 3