applied economics assignment

Browse Course Material

Course info.

• Prof. Daniel Richards

Departments

• Sloan School of Management

As Taught In

• Industrial Organization
• Microeconomics

Learning Resource Types

Applied economics for managers, assignments.

The two assignments, which combine quantitative examples with qualitative word problems, are due in the lectures shown.

You are leaving MIT OpenCourseWare

Smart. Open. Grounded. Inventive. Read our Ideas Made to Matter.

Which program is right for you?

Through intellectual rigor and experiential learning, this full-time, two-year MBA program develops leaders who make a difference in the world.

A rigorous, hands-on program that prepares adaptive problem solvers for premier finance careers.

A 12-month program focused on applying the tools of modern data science, optimization and machine learning to solve real-world business problems.

Earn your MBA and SM in engineering with this transformative two-year program.

Combine an international MBA with a deep dive into management science. A special opportunity for partner and affiliate schools only.

A doctoral program that produces outstanding scholars who are leading in their fields of research.

Bring a business perspective to your technical and quantitative expertise with a bachelor’s degree in management, business analytics, or finance.

A joint program for mid-career professionals that integrates engineering and systems thinking. Earn your master’s degree in engineering and management.

An interdisciplinary program that combines engineering, management, and design, leading to a master’s degree in engineering and management.

Executive Programs

A full-time MBA program for mid-career leaders eager to dedicate one year of discovery for a lifetime of impact.

This 20-month MBA program equips experienced executives to enhance their impact on their organizations and the world.

Non-degree programs for senior executives and high-potential managers.

A non-degree, customizable program for mid-career professionals.

Applied Economics

Courses for academic year 2017, 15.010 economic analysis for business decisions.

Description:  Introduces principles of microeconomics as a framework for making more informed managerial decisions and policy analysis. Includes the analysis of competitive markets with supply and demand, sources of market power and strategic pricing. Also provides an introduction to game theory to illustrate competition, anti-trust policy, and how to generate cooperation both within and between firms. Expectations and evaluation criteria differ for students taking graduate version; consult syllabus or instructor for specific details. Intended for non-MBA students.

Professor(s) who recently taught this course:

• Gonzalo Cisternas
• Joseph Doyle
• Michael Whinston

15.011 Economic Analysis For Business Decisions (Meets with 15.0111)

15.0111 economic analysis for business decisions (meets with 15.011; was 15.016).

Description:  Introduces principles of microeconomics as a framework for making more informed managerial decisions and policy analysis. Includes the analysis of competitive markets with supply and demand, sources of market power and strategic pricing. Also provides an introduction to game theory to illustrate competition, anti-trust policy, and how to generate cooperation both within and between firms. Expectations and evaluation criteria differ for students taking graduate version; consult syllabus or instructor for specific details.

15.012 Applied Macro- and International Economics

Description:  Uses case studies to investigate the macroeconomic environment in which firms operate. First half of subject develops the basic tools of macroeconomic management: monetary, fiscal, and exchange rate policy. Discusses recent emerging market and financial crises, examining their causes, how best to address them, and how to prevent them from recurring in the future. Second half evaluates different strategies of economic development. Topics include growth, the role of debt and foreign aid, and the reliance on natural resources.

• Roberto Rigobon
• Tavneet Suri

15.012 Applied Macro- And International Economics II

Description:  Establishes understanding of the development processes of societies and economies. Studies several dimensions of sustainability (environmental, social, political, institutional, economy, organizational, relational, and personal) and the balance among them. Explores the basics of governmental intervention, focusing on areas such as the judicial system, environment, social security, and health. Builds skills to determine what type of policy is most appropriate. Considers implications of new technologies on the financial sector: internationalization of currencies, mobile payment systems, and cryptocurrencies. Discusses the institutional framework to ensure choices are sustainable across all dimensions and applications.

15.015 Macro- and International Economics

Description:  Focuses on the policy and economic environment of firms. Subject divided in two parts: study of the closed economy and how monetary and fiscal policy interacts with employment, GNP, inflation, and interest rates; and study of the open economy with discussion of recent financial and currency crises in developed and emerging markets. Restricted to Sloan Fellows.

15.021 Real Estate Economics

Description:  Develops understanding of the fundamental economic factors that shape the market for real property, as well as the influence of capital markets in asset pricing. Analyzes of housing as well as commercial real estate. Covers demographic analysis, regional growth, construction cycles, urban land markets, and location theory. Exercises and modeling techniques for measuring and predicting property demand, supply, vacancy, and prices.

• William Wheaton

15.024 Applied Economics For Managers

Description:  Develops facility with concepts, language, and analytical tools of economics. Primary focus on microeconomics, analysis of markets and strategic interactions among firms. Emphasizes integration of theory, data, and judgment in the analysis of corporate decisions, and in the assessment of the changing global business environment. Restricted to MIT Sloan Fellows in Innovation and Global Leadership.

• Robert Gibbons

15.025 Game Theory For Strategic Advantage (Meets with 15.0251a)

Description:  Develops and applies principles of game theory relevant to managers' strategic decisions. Topics include how to reason about strategies and opponents; strategic commitment, reputation, and "irrational" actions; brinkmanship and negotiation; auctions; and the design of markets and contests. Applications to a variety of business decisions that arise in different industries, both within and outside the firm. Meets with 15.0251 when offered concurrently. Students taking graduate version complete additional assignments.

• Alessandro Bonatti

15.025 Game Theory For Strategic Advantage (Meets With 15.025a)

Description:  Develops and applies principles of game theory relevant to managers' strategic decisions. Topics include how to reason about strategies and opponents; strategic commitment, reputation, and "irrational" actions; brinkmanship and negotiation; auctions; and the design of markets and contests. Applications to a variety of business decisions that arise in different industries, both within and outside the firm. Meets with 15.025 when offered concurrently. Students taking graduate version complete additional assignments.

15.032 Engineering, Economics and Regulation of the Electric Power Sector

Description:  Provides an in-depth and interdisciplinary look at electric power systems, focusing on regulation as the link among engineering, economic, legal, and environmental viewpoints. Topics include electricity markets, incentive regulation of network utilities, retail competition, tariff design, distributed generation, rural electrification, multinational electricity markets, environmental impacts, future of utilities and strategic sustainability issues under both traditional and competitive regulatory frameworks. Background in policy, microeconomics, or engineering desirable.

• Jose Ignacio Perez-Arriaga

15.034 Metrics For Managers (Meets with 15.0341)

Description:  Enables students to evaluate the quality of evidence supported by data and to implement an empirical toolkit that provides credible answers to questions in finance, marketing, human resources, strategy, and general business planning. Uses econometrics as the underlying framework to develop deep understanding of regression modelling and its insights for data analytics using big and small data. Focuses primarily on empirical work conducted by students via in-class labs, problem sets, and projects. Expectations and evaluation criteria differ for students taking graduate version; consult syllabus or instructor for specific details.

15.0341 Metrics For Managers (Meets with 15.034)

15.037 energy economics and policy.

Description:  Analyzes business and public policy issues in energy markets and in the environmental markets to which they are closely tied. Examines the economic determinants of industry structure and evolution of competition among firms in these industries. Investigates successful and unsuccessful strategies for entering new markets and competing in existing markets. Industries studied include oil, natural gas, coal, electricity, and transportation. Topics include climate change and environmental policy, the role of speculation in energy markets, the political economy of energy policies, and market power and antitrust. Two team-based simulation games, representing the world oil market and a deregulated electricity market, act to cement the concepts covered in lecture. Students taking graduate version complete additional assignments. Limited to 60.

• Christopher Knittel

15.038 Energy Economics and Policy

Description:  Theoretical and empirical perspectives on individual and industrial demand for energy, energy supply, energy markets, and public policies affecting energy markets. Discusses aspects of the oil, natural gas, electricity, and nuclear power sectors. Examines energy tax, price regulation, deregulation, energy efficiency and policies for controlling pollution and CO 2  emissions. Students taking the graduate version complete additional assignments. Limited to 60.

15.070 Advanced Stochastic Processes (Meets in 34-404)

Description:  Analysis and modeling of stochastic processes. Topics include measure theoretic probability, martingales, filtration, and stopping theorems; elements of large deviations theory; Brownian motion and reflected Brownian motion; stochastic integration and Ito calculus; functional limit theorems. Applications to finance theory, insurance, queueing and inventory models.

• Guy Bresler

15.722 Applied Economics For Managers (EMBA, 1st Year)

Description:  Develops facility with concepts, language, and analytical tools of economics. Primary focus is on microeconomics. Emphasizes integration of theory, data, and judgment in the analysis of corporate decisions and public policy, and in the assessment of changing US and international business environments. Restricted to Executive MBA students.

• Ernst Berndt

15.903 Managing the Modern Organization: Organizational Economics and Corporate Strategy

Description: Focuses on how managers build and manage complex organizations to achieve strategic goals. Develops theoretical frameworks that build on 15.010 and 15.311. Applies these frameworks to corporate strategy (i.e., the design and management of the multi-business firm) and extended enterprises (i.e., the design and management of multi-firm structures such as supply chains, alliances, joint ventures, and networks).

15.S66 SSIM: Opportunities in the Developing World

Description:  Group study of current topics related to management not otherwise included in curriculum.

15.S69 SSIM: Central Banks, Monetary Policy And Global Financial Markets

• Athanasios Orphanides

15.S70 SSIM: Negotiating Strategic Supply Relationships

This website uses cookies.

By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device to enhance site navigation and analyze site performance and traffic. For more information on our use of cookies, please see our Privacy Policy .

• American Economic Journal: Applied Economics

What Difference Does a Health Plan Make? Evidence from Random Plan Assignment in Medicaid

• Michael Geruso
• Timothy J. Layton
• Jacob Wallace
• Article Information
• Comments ( 0 )

Additional Materials

• Replication Package
• Online Appendix (2.59 MB)
• Author Disclosure Statement(s) (226.49 KB)

JEL Classification

• I38 Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs

StudyMonkey

Your personal ai economics tutor.

Learn Smarter, Not Harder with Economics AI

Introducing StudyMonkey, your AI-powered Economics tutor .

StudyMonkey AI can tutor complex Economics homework questions, enhance your essay writing and assess your work—all in seconds.

No more long all-nighters

24/7 solutions to Economics questions you're stumped on and essays you procrastinated on.

No more stress and anxiety

Get all your Economics assignments done with helpful answers in 10 seconds or less.

No more asking friends for Economics help

StudyMonkey is your new smart bestie that will never ghost you.

No more staying after school

AI Economics tutoring is available 24/7, on-demand when you need it most.

Economics is a social science that studies the production, distribution, and consumption of goods and services. It aims to explain how economies work and how economic agents interact.

AI Tutor for any subject

American college testing (act), anthropology, advanced placement exams (ap exams), arabic language, archaeology, biochemistry, chartered financial analyst (cfa) exam, communications, computer science, certified public accountant (cpa) exam, cultural studies, cyber security, dental admission test (dat), discrete mathematics, earth science, elementary school, entrepreneurship, environmental science, farsi (persian) language, fundamentals of engineering (fe) exam, gender studies, graduate management admission test (gmat), graduate record examination (gre), greek language, hebrew language, high school entrance exam, high school, human geography, human resources, international english language testing system (ielts), information technology, international relations, independent school entrance exam (isee), linear algebra, linguistics, law school admission test (lsat), machine learning, master's degree, medical college admission test (mcat), meteorology, microbiology, middle school, national council licensure examination (nclex), national merit scholarship qualifying test (nmsqt), number theory, organic chemistry, project management professional (pmp), political science, portuguese language, probability, project management, preliminary sat (psat), public policy, public relations, russian language, scholastic assessment test (sat), social sciences, secondary school admission test (ssat), sustainability, swahili language, test of english as a foreign language (toefl), trigonometry, turkish language, united states medical licensing examination (usmle), web development, step-by-step guidance 24/7.

Receive step-by-step guidance & homework help for any homework problem & any subject 24/7

Ask any Economics question

StudyMonkey supports every subject and every level of education from 1st grade to masters level.

Get an answer

StudyMonkey will give you an answer in seconds—multiple choice questions, short answers, and even an essays are supported!

Review your history

See your past questions and answers so you can review for tests and improve your grades.

It's not cheating...

You're just learning smarter than everyone else

How Can StudyMonkey Help You?

Hear from our happy students.

"The AI tutor is available 24/7, making it a convenient and accessible resource for students who need help with their homework at any time."

"Overall, StudyMonkey is an excellent tool for students looking to improve their understanding of homework topics and boost their academic success."

Upgrade to StudyMonkey Premium!

Why not upgrade to StudyMonkey Premium and get access to all features?

QQI Level 5 Applied Economics (5N1350) Assignment Sample Ireland

This assignment on “Applied Economics” discusses the purpose of studying the course. The objective of studying the course is to understand a wide range of concepts and theories related to economics, the course also helps the students to apply the different principles of economics in a wide variety of contexts.

Buy Applied Economics (5N1350) Final Exam Assessment At Economical Price

Another objective of studying the course in context is to get awarded the award or certification (Minor) from the QQI. Besides, the assignment provides information about the various learning outcomes of studying the course and it helps to understand the assessment criteria and techniques.

Applied Economics (5N1350) Level 5 Course Learning Outcomes

Following are the various outcomes of learning the course on Applied Economics (5N1350):-

Understanding global economic systems, their effect on economic freedom, government intervention

There are 5 types of economic systems and they are market, planned centrally-planned, communist, and socialist economies. This course on Applied Economics 5N1350 helps the learners to understand these economic systems and it helps the students to understand the effect of these economic systems on economic freedom and government interventions.

Factors influencing demand and supply within an economy

Many factors influence demand and supply within an economy and these factors include the product price, income of the consumers, good’s price, customer tastes, and preferences, the expectation of the customers, number of customers that are there in the market. The course in context also helps the students to comprehend the impact on production and market price.

Impact of market structures on customers, nations, and organizations

The course on Applied Economics 5N1350 also helps the students to understand the impact of market structures on customers, nations, and organizations.  In this context, it is important to understand that market structures determine the type of market a business can access so that the costs are low and it also helps to understand the type of customers in a business’s product.

Define monetary and fiscal policies

Monetary policies are actions taken by the central banks of Ireland with the objectives of economic growth, employment, and price stability. Fiscal policies are spending policies and taxes of the Government of Ireland. This course helps the students to understand these concepts in detail.

Why is international trade important?

The course also assists the learners to understand the significance of international trade. International trade is important economically, it helps a nation to acquire foreign money, and helps to enhance a country’s economic growth.

Get A+ Grade QQI Level 5 Applied Economics (5N1350) Assignment By Hire IT Assignment Experts

Identify the function of important players in the irish economy.

The course on Applied Economics 5N1350 helps the learners to identify the functions of important players in the Irish economy. In this context, it is important to understand that important players in the Irish economy are the government of Ireland, the consumers, and the industry.

Attributes of economic systems

The course also allows the students to know the attributes of the economic system in Ireland. The course helps to understand the features of the command economies, free economies, and mixed economies.

Comprehend the impact of alterations in demand, supply, and equilibriums in the market

The economy of a business depends on the demand and supply of its products or services. Higher demand for a product usually leads to an increase in the costs of the product. The course in context helps the students to comprehend the demand, supply, and equilibriums within the markets.

What are the advantages and disadvantages of the Irish government interfering in its economy?

There are several advantages and disadvantages of the Irish government’s interference in its economy and the advantages are reduced levels of economic inequalities, low unemployment levels, and production with the objective of common good instead of profits. The disadvantages include low-efficiency levels and low levels of competitiveness. The course in context provides additional information on this topic.

What are the barriers to free trade?

Barriers to free trade include tariffs, import and export licenses, and subsidies. The course on Applied Economics 5N1350 discusses the various barriers to free trade.

Impact of a small and open economy on the balance of trade and payments for Ireland

Ireland is a small country and it has a small and open economy. There are several impacts of the Irish economy on the balance of trade and payments in Ireland. This course allows the students to understand all these things for academic interests.

Build supply and demand curves

Demand and supply are important components of an economy. Demand and supply can be best understood using demand and supply curves. The course in this context allows the learners to know about how to build the demand and supply curves.

Calculate average, marginal, and total expenses

The course also helps the students to calculate the average, marginal and total expenses. Both marginal and average costs can be calculated using the data provided for total costs. The terms marginal, average, and total costs are important concerning the course on Applied Economics 5N1350.

Evaluate market structures

The course in context allows the learners to evaluate the market structures. It helps to assess the perfect and imperfect competitions, oligopoly, and monopoly.

Calculate the income of the nation using various known measures

The course also helps the students or the learners to calculate the income of the nation using known measures like the output method, income method as well as expenditure methods.

Pay And Get Non-Plagiarized QQI Level 5 Applied Economics (5N1350) Assignment Solution

What is the circular flow of income within the irish economy.

The course on Applied Economics 5N1350 provides information on the circular flow of income within the Irish economy. It is suggested to read the course in full to comprehend such concepts.

What are the monetary and fiscal policies of the Irish economy?

The course in context also allows an understanding of the monetary and fiscal policies of the Irish economy.

Get Custom Answers of Applied Economics (5N1350) QQI Level 5 Assignment from irelandassignments.ie

If you are a student pursuing the course on Applied Economics 5N1350 then you require sitting for assessments (60%) and examination theory (40%) so that the assessors accredited by QQI can evaluate your skills and knowledge on the subject.

Many students prefer to avail the of assignment writing services , dissertation writing services in Ireland . There is the irelandassignments.ie which offers to write assignments if you pay someone to do the assignment . You can also pay someone to do the assignment .

You can also check our other samples like online exam service help in Ireland , learner record sample sna help , sna assignment examples , Project Management 6N4090 Assignment Example , Computer Systems Hardware Fetac Level 5assignment help , and many more.

• SMGT10030 Information Technology UCD Assignment Sample Ireland
• ANSC30050 Exp Design and Data Analysis UCD Assignment sample Ireland
• CSOC20010 Introduction to Computational Social Science II UCD assignment sample Ireland
• SSCI30050 Digital Research Skills for the Social Sciences Assignment Sample Ireland
• FDSC20020 Nutritional Energy Metabolism assignment sample Ireland
• Information Technology Used During Covid-19 Essay Sample Ireland
• 5N2927 Programming and Design Principles Fetac Level 5 Assignment Example
• 5N1604 Computer-Aided Draughting (2D) Fetac Level 5 Assignment Sample Ireland
• 5N1437 Control Systems Assignment Sample Ireland-Fetac Level 5
• 5N1350 Applied Economics Assignment Example Ireland-Fetac Level 5
• 5N2929 Networking Essentials Fetac Level 5 Assignment Example
• 5N2928 Operating Systems Fetac Level 5 Assignment Example
• 5N0548 Computer Systems Hardware Fetac Level 5 Assignment Sample Ireland
• 5N0544 Distributed Systems Fetac level 5 Assignment Sample Ireland
• 4N1125 Information Technology Skills Fetac Level 4 Assignment Sample Ireland

Submit Your Assignment