Draw connections between the different principles and the role of microeconomics in

Draw connections between the different principles and the role of microeconomics in everyday life from your discussion post and your classmate discussion post. (Classmate discussion post is below my discussion post)

Must be 1-2 paragraphs in length. 1 APA source.


My discussion Post

From my research, microeconomics is the study of people’s business decisions, such as resource allocation and the price of goods and services for trade. Additionally, it entails taking into account supply and demand policies, as well as other forces that play a significant role in determining the level of prices in any given economy. Microeconomics encompasses a variety of concepts that are particularly relevant to small business owners. Several of them include the demand-supply elasticity, marginal utility and demand, market structures, and diminishing returns and supply (Samuelson, Marks & Zagorsky 2021). When all of these concepts are combined, microeconomics becomes an integral part of business. As a result, it plays a critical role in the operation of a business, as detailed in this essay. Economic principles are also critical when making business decisions because they enable a business owner to comprehend and understand market changes, thereby gaining knowledge about how to maneuver in various market operations.

I would primarily use the Face Trade-Offs principle when making business decisions. Additionally, I would apply the principle that People Respond to Incentives when making business decisions. Ideally, the Face Trade-Offs, which involve weighing one thing against another, are critical when making business decisions. For example, taking a day off as a business owner to attend a movie or music concert would entail forfeiting the wages generated by the business that day. As a result, it would entail giving up a favorite hobby in order to earn a day’s wage (Mankiw 2020). Additionally, making a costly purchase of goods more appealing to customers would entail spending more money on the purchase. It would entail foregoing a substantial sum of money or investment in order to attract additional customers and meet their needs.

Incentives are critical in business because they motivate individuals to act and respond. When a commodity’s price is high, such as gasoline, consumers purchase less while suppliers increase their supply. After that, consumers migrate to more affordable channels (Mankiw 2020). Additionally, when the price of bread rises in the economy, it serves as an incentive for consumers to forego purchasing bread in favor of other goods. Positive incentives, such as receiving a fruit or a drink for dining at a particular restaurant, may also be effective. As a result, consumers are enticed to dine there more frequently. To summarize, by applying economic and microeconomic principles, business owners are able to make more informed decisions.


Mankiw, N. G. (2020). Principles of economics. Cengage Learning.

Samuelson, W. F., Marks, S. G., & Zagorsky, J. L. (2021). Managerial economics. John Wiley & Sons.

Sharri (classmate) discussion post


My name is Sharri and I am excited to be taking my first Economics course.  I am going to be studying the Business Administration program with a concentration in Finance.  I am participating in the discussion rather early because I wasn’t sure if I would have electricity or even internet today due to Hurricane Ida so I started the course Sunday and tried to do as much as I could.  We just recently moved to Laurel, Mississippi from Nevada.  (I had lived in CA all of my life until 2019 when we moved to Nevada).  It turns out that the storm did not seem to affect either one (electricity or internet…knock on wood).  

It has been just recently that Finance has fascinated me because I realized that I had been practicing it within my family budget.  Since my husband and I have many bills right now, I have had to come up with a spreadsheet that I update weekly with our income as well as the bill amounts going out each week.  I have come to understand the important concept of Principle #1:  “People face trade-offs and what the opportunity costs of your choices are.” (Mankiw 2020).  Sometimes, we have to give up going to the movies so that we will be able to have enough to make the car payment that week.


If I were to own my own business, I would have to apply that first principle in order to keep my business at a good level financially.  In addition, I like Principle # 6:  “Markets are usually a good way to organize economic activity.  In a market economy, the decisions of a central planner are replaced by the decisions of millions of firms and households.”(Mankiw 2020).  I think that if you have a great product or service, people will love it and will continually to give you business.  The hard part is coming up with that great product or service.  The service industry has really taken off in the past 30 years or so.  Many people are so busy, that they don’t have time to do certain things.  One small example is dog walking.  There is actually a market for this because some people are so busy during the day that they cannot do this for themselves.  Another example of a service industry would be dry cleaning.  Some dry cleaning services are mobile and will come to your work.  Now that is convenient!  And not many people have the same resources that a dry cleaner has anyway.  

Another good principle would be Principle # 2:  “The cost of something is what you give up to get it.” (Mankiw 2020).  In my previous example, the cost of the mobile dry cleaning is giving up some of the money that you have earned.  For some, this could mean only 1 hour of work.  For others, it could mean 2 hours of work.  It all depends on how much you are getting paid to work.  Now some with much less money and a job that doesn’t pay as much might not even use a dry cleaning service and would instead purposely buy clothing that is not “Dry Clean Only”.  Others, with very professional careers sometimes need to wear the type of clothing that IS “Dry Clean Only”.  




Mankiw, N. G. (2020). Principles of economics. Cengage Learning.[supanova_question]

Getting Started Ethical behavior has a place in discussions about management information

Getting Started

Ethical behavior has a place in discussions about management information systems. Policies and procedures impact entire companies since computer departments are a central group. Misuse of misdirected data and privacy-protected data presents ethical challenges to productivity and getting work accomplished.

Upon successful completion of the course material, you will be able to:

Apply appropriate biblical perspective and managerial ethics in relationship to MIS.




Background Information

Information is sometimes misdirected, and you face choices about what to do with the information. These choices present moral and ethical dilemmas for sensitive data or information that provides a personal advantage.


Review the rubric to make sure you understand the criteria for earning your grade.

Find three peer-reviewed journal articles on HIPAA regulations that have been published in the last five years, and answer the following questions to complete a three-page paper answering the following questions:

What does HIPAA contain that relates to privacy of information?

How does working from home affect complying with regulations and ethical behavior?

When you have completed your assignment, save a copy for yourself and submit a copy to your instructor by the end of the workshop.[supanova_question]

Discussion post must be 2-3 Paragraphs, 2 sources in APA format, Every

Discussion post must be 2-3 Paragraphs, 2 sources in APA format,

Every individual confronts economic issues daily. This is especially true of business owners, who spend their time thinking of economic issues such as how to handle changes in the price of goods, how to allocate their time, and whether to buy or produce goods in order to efficiently allocate their scarce resources.

In your initial post, address the following as part of your response:

Imagine you own your own business and have to make daily decisions about how to allocate available resources such as input of production, time, purchasing decisions, and so forth. What role do you think microeconomics has in running a business?

Which of the principles of economics outlined in your reading would you be more likely to apply when making business decisions? Provide at least two to three examples.

10 Principles of Economics

People Face Trade-Offs

The Cost of Something Is What You Give Up to Get It

Rational People Think at the Margin

People Respond to Incentives

Trade Can Make Everyone Better Off

Markets Are Usually a Good Way to Organize Economic Activity

Governments Can Sometimes Improve Market Outcomes

A Country’s Standard of Living Depends on Its Ability to Produce Goods and Services

Prices Rise When the Government Prints Too Much Money

Society Faces a Short-Run Trade-Off between Inflation and Unemployment[supanova_question]

Write a précis (500 words minimum) of the assigned article: Ebba Koch, “The Taj Mahal: Architecture, Symbolism, and Urban

Writing Assignment Help Write a précis (500 words minimum) of the assigned article: Ebba Koch, “The Taj Mahal: Architecture, Symbolism, and Urban Significance,” (Links to an external site.)Muqarnas 22 (2005): 128-149. ( will be attached below)
Your précis should demonstrate comprehension of the author’s main points, supporting evidence, methodology, and essay structure.
The final précis should:

?Include the main thesis and key ideas, leaving out minor details.
?Follow the logical order and development of the ideas in the speech.
?Be written in your own words as much as possible.
?Be clear and concise.
?Be free of your opinions, as well as any spelling, syntax, and punctuation errors.
?Follow the style guidelines established for this course. Chicago

You may not use any other sources.

Format: double-spaced Times New Roman 12-point font in black ink.

Use Word Docx since it’s easier to view comments in a Docx than a Pdf.
Perfect grammar and spelling are expected; please proofread your work.

Please note that this essay should be in your own words, paraphrasing of Koch’s essay, and is not a research paper.


Any quotes and paraphrased information used MUST be attributed correctly in Chicago Turabian Notes and Bibliography Style.
For examples of correctly formatted Chicago Turabian footnotes, click here. (Links to an external site.)
For an example of a correctly formatted Chicago Turabian bibliography, click here. (Links to an external site.)
For a helpful video on formatting your paper in Chicago Turabian style, view: https://youtu.be/-fmLDyNXW9U.

Writing Question

Final assignment – Appropriation: re-using art and design from the past Research Methods
Group project – 2 or 3 students working together as an art and/or design collective
Discuss the research report topic with each other
Develop a plan to create a new artwork or design based on works of art and architecture that you have researched for the research report.

Communication Presentation

InstructionsThere is a lot of information here. I know it is a lot to digest. Don’t worry, as you will have several weeks to get the presentation ready.
You are to organize and deliver a 2-4 minute presentation on what you have learned in this class. You will turn in the presentation in the form of a video. You are required to present the information in a way that is clear, accurate and interesting.
In class discussions, we will talk about how to organize the presentation and how to deliver it effectively.
TopicThe good news is that you don’t actually have to do any outside research for this presentation. You will have to look over what you have learned in this class, think about it, and show that you understand how these topics apply to you.
The presentation should consist of 3 points:
Overall, what did you learn about yourself in this class?
Choose one of the following topics and talk about how it applies to you:ListeningIf you choose listening, talk about what your listening challenges are. For example, do you use a particular type of nonlistening? Have you had people close to you tell you you need to work on your listening skills?

DefensivenessIf you choose defensiveness, what type of defense mechanisms do you catch yourself using? Have people around you told you that you are defensive?

ConflictIf you choose Conflict, what conflict style (or styles) do you use in particular situations? How have people around you described your approach to conflict?

What do you need to change about yourself in order to be a more effective communicator?
OrganizationYou should organize the presentation in the following way:
I Introduction
A Attention Getter
B Social Significance
C Thesis and Preview
II Body
A What I learned About Myself
B Specific Topic and how it applies to me (Listening, Conflict or Defensiveness)
C What I need to change about myself to be a more effective communicator
III Conclusion
A Thesis and Review
B Brief Summary
C tie back to the attention Getter
PurposeThese are the main goals of this assignment:
You will take a more in-depth look at a some communication topics from this class and specifically how they apply to your own life.
You will learn something about your strengths and challenges as a communicator, and hopefully make a plan to improve.
You will also develop and practice your public speaking skills. Since this course meets the Oral Communication requirement for the California State University System, you are each required to complete at least one assignment that gives you the opportunity to do some public speaking. This presentation gives you that opportunity.
GradingTotal Points: 45Structure/clarity: 5
You should have an introduction, a conclusion and some number of main points in the presentation. Please preview those main points in the introduction. Follow the structure above. See the Oral Presentation modules for more detail and explanations of the various parts of the presentation. I have tried to make it really clear and easy for you.
Creativity: 5
Please be as creative as you can. You are encouraged to use props, posters, music, costumes, art, etc. Make it fun for the audience– or in this case just me 🙂 to listen to!
Physical Delivery: 10
I am grading you on how effective your physical delivery is in the presentation. This includes what you are doing with your face, eyes and body (stance, gestures, expressiveness, etc.) In order for me to grade your physical delivery, you must be standing during the presentation and use a camera angle that allows me to see your stance, gestures, facial expressiveness, etc.
I am grading your eye contact. Look up at the audience. You need to look up from your note cards.
I am grading you on your Stance. Don’t lean or sway—stand straight and tall with your feet shoulder length apart.
Vocal Delivery: 10
I am grading you on how effective your vocal delivery is in the presentation. This includes what you are doing with your voice (volume, expressiveness, lack of vocal fillers, etc.)
I am grading you on pace (don’t talk too fast) and volume (don’t speak too softly).
I am also grading you on verbal fillers. Verbal Fillers are pauses a speaker avoids by saying um, uh, ok, like, etc. I don’t expect you to have zero verbal fillers, but I am expecting you to minimize them. Rather than say “Um”, just pause.
You are also being graded on speaking to us, rather than reading to us. If you read your presentation, you will lose a lot of points.
Content: 10
Your content should be clear and accurate. It should cover the questions in the prompt.
Effort and Enthusiasm: 5
I want to see that you put in some effort and thought into this presentation.
How to Turn It InWhen you are finished, post the video to YouTube as “unlisted” (NOT private) and send me the link. Here is a short video to show you how to do that.

Tips For Success
If you are nervous, please talk to me about it. Most importantly, believe in yourself. You can do it!
Time affects your grade. Your presentation should be 2 minutes minimum and 4 minutes maximum. You will be penalized by one point for each minute you are outside of that time limit to a maximum of 3 points. It is much more common for students to run over than under time.
Anxiety or Nervousness
Nervous or Anxious about Public Speaking? For those of you who are concerned about public speaking anxiety, I have some helpful tips.
Fear is Normal. Everyone has some fear of public speaking. In fact, in most studies on fears in America, public speaking has been ranked the number one fear of humankind, placing higher than death in many cases. It is OK to feel some fear. We need to work to manage that fear. If by chance you aren’t afraid, you are unique and very lucky!
We have control of the fear. The fear is within us. No one else knows it is there and most others can’t see it, unless we tell them we are afraid. Only we have control of our fear.
Think about how you feel when you watch someone else speak. It helps to know that in almost every case, the audience does not wish to see us fail. They are there to support us.
Most of the nervousness involved in public speaking comes from fear of failure or fear of the unknown. The single most important factor in decreasing fear is preparation. If we know we have practiced and are sure of what we are going to say, how we are going to say it, how long it will last, etc., we are likely to be much less nervous.
Concentrate on slow deep breaths.
Think positive. You can do it. If you believe that you can, you’ll be much more successful. If you believe that you can’t, you are less likely to be successful.
If you have any problems or questions, please ask me. I am happy to help!

RubricCommunication Presentation Rubric
Communication Presentation Rubric
CriteriaRatingsPtsThis criterion is linked to a Learning OutcomeStructure and Clarity
5 ptsExcellent Structure
Presentation included an introduction (with attention getter, thesis and preview), a conclusion ( with a thesis and review, summary and tie back to the attention getter) and three main points.
3 ptsGood Structure
Presentation included most of the required structure, but was missing several required parts
1 ptsStructure needs work
Presentation included little or no structure
5 pts
This criterion is linked to a Learning OutcomeCreativity
5 ptsExcellent Creativity
Presentation included some visual images, sound, or other type of creativity
3 ptsGood Creativity
Presentation included some creativity, but could have used more
1 ptsCreativity Needs Improvement
Presentation included little or no creativity
5 pts
This criterion is linked to a Learning OutcomePhysical Delivery
10 ptsExcellent Physical Delivery
Presentation included a significant amount of eye contact. Student had an excellent stance: stood straight and tall and didn’t lean or sway
8 ptsGood Physical Delivery
Student had good eye contact and a good stance, but could improve a bit
5 ptsPhysical Delivery Can Be Improved
Some good eye contact but needed more, some leaning or swaying
3 ptsPhysical Delivery Needs Work
There are significant problems with physical delivery
10 pts
This criterion is linked to a Learning OutcomeVocal Delivery
10 ptsExcellent Vocal Delivery
Excellent pace, volume and had few or no verbal fillers. The student did NOT read the presentation word for word
8 ptsGood Vocal Delivery
Student had good pace and volume, but could improve one or the other. Student used few verbal fillers
5 ptsVocal Delivery Can Be Improved
Student needs to improve pace or volume significantly, or used more than a few verbal fillers. Student read some of the presentation word for word
3 ptsVocal Delivery Needs Work
Student had serious problems with pace, volume and verbal fillers. Or student read the entire presentation word for word.
10 pts
This criterion is linked to a Learning OutcomeContent
10 ptsExcellent Content
Student covered the required 3 main points effectively
8 ptsGood Content
Student was missing one of the required three main points
5 ptsContent Can Be Improved
Student is missing more than one of the three required main points
3 ptsContent Needs Work
Student did not cover the required content
10 pts
This criterion is linked to a Learning OutcomeEffort and Enthusiasm
5 ptsExcellent Effort
Student clearly put some thought and effort into the presentation
3 ptsGood Effort
Student put in some thought and effort but could have more
2 ptsEffort Needs Work
Student showed little thought and effort
5 pts
Total Points: 45

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