Module 2
Assignments to complete this week:
Reading: Managerial Economics and Business Strategy
Chapter 2: Market Forces: Demand and Supply (18 pages)
Video:
Clifford, J. (2014, September 7). Demand and supply explained – Macro topic 1.4 (Micro topic 2.1). [Video]. YouTube.
https://www.youtube.com/watch?v=LwLh6ax0zTE
Post DQ Answer
Post DQ Peer Response(s)
Discussion Question – CLO 1, CLO 4
For this DQ you need to pair up with a classmate from a different country, if possible. Meet on Zoom (and record the meeting) to discuss the following scenario and explain your views. Review how to upload video recordings for GAP submission from the Module 11 Discussion Question instructions.
Some have argued that higher cigarette prices do not deter smoking. While there are many arguments both for and against this view, some find the following argument to be the most persuasive of all: “The laws of supply and demand indicate that higher prices are ineffective in reducing smoking. In particular, higher cigarette prices will reduce the demand for cigarettes. This reduction in demand will push the equilibrium price back down to its original level. Since the equilibrium price will remain unchanged, smokers will consume the same number of cigarettes.”
Do you agree or disagree with this view? Discuss and explain your answer with your partner.
View the Video Discussion Question Grading Rubric.
Discussion Question Information: After you meet, you will both write your conclusions to these questions. Answer all questions thoroughly, and be sure to provide one (1) direct response to the discussion question prompt and one (1) peer response. When posting peer responses, elevate your peers by asking probing questions that encourage your peers to engage in a more meaningful and deeper manner or by presenting additional ideas from research.
One person needs to create a Google document and share it with the other person. List both of the partner names in the Google document.
After you meet, you will both write your conclusions to these questions in the shared Google document.
When both partners have added their conclusions to the document. One partner per group will need to post the link to the Google document in the Discussion Board. (Only one post per group is needed.)
