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Showing posts with the label Shortage

SNHU ECO-201 Week 2

Week 2 is when the pace begins to pick up for this course.  Fortunately, there are a lot of resources available to help out and get you started! For assistance with Milestone One: Milestone One Tips on the Introduction Video Milestone One Tips on the History & Overview Video Microeconomics of Expedia Introduction Video Expedia History and Overview video Milestone One Sample Paper (Expedia) Milestone One Tips and Examples Final Project Guidelines and Rubric Listen to historical webinar recordings on the ECO YouTube Channel SNHU writing center For additional help with APA formatting: http://owl.english.purdue.edu/owl/resource/560/01/ Additional Library resource databases containing company information, background and history, financial statements, SEC reports, SWOT analyses, scholarly journal, trade publication, magazine, and newspaper articles (including the Wall Street Journal), and market reports, can be found on the Library’s Company Information research guide: http://libguid...

Discussion: Supply and Demand for Super Bowl Tickets

This course was recently redesigned, but there used to be a discussion board topic each week in ECO-201. I thought some of you might benefit from seeing the discussion board topic that was previously used in this module. Below is the discussion board topic for week 2, which is followed up with an explanation. How often are you able to buy a ticket to the Super Bowl at face value? Consider the prices you would pay online or through a ticket scalper. How can the laws of supply and demand be used to explain this situation? How is the market for Super Bowl tickets different than other goods and services we purchase? What role do ticket scalpers play in this process? First let’s quickly define the following terms: Law of supply : The rule that, holding all else constant, increases in the price cause increases in the quantity supplied, and decreases in price cause decreases in the quantity supplied. Law of demand : The rule that, holding everything else constant, when the price of a product ...