Managerial Economics to Address A Real-World Problem In Business
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
Managerial Economics to Address A Real-World Problem In Business
Instructions for the Research Paper
This document provides instructions for the research paper. The paper will be at least 7 and no more than 9 double-spaced pages for the main content (not including the cover page and reference page). A minimum of 3 references in APA format.
Purpose of the Paper
The purpose of the paper can be very simply stated. It is to apply a concept (Topic is Pricing and Profit) from managerial economics to address a real-world problem in business by conducting necessary research.
It is important to realize that this paper is NOT a report on some business topic related to managerial economics. It may be quite different from other papers you have written, and this is likely to be reflected in what is meant by “research” and the other contents of the paper. This is described more fully below.
Format of the Paper
The paper uses APA formatting, including and APA formatted Title Page and Abstract. The body of the paper must contain the following headings and sub-headings.
Headings Sub-headings Introduction Problem Statement Background Conceptual Framework Research and Analysis Methods Data Analysis and Discussion Conclusions References
The description of the content of each section and sub-section is provided below.
Content of Headings and Sub-Headings Introduction
This section states the problem to be analyzed, why it is an important problem to be studied, and the contents of the rest of the paper.
Importantly, you need a specific problem statement. This is one sentence that states clearly what the paper is studying.
Here are some examples of problem statements.
· This paper studies the impact of an increase in minimum wage on teenage unemployment.
· This paper studies how e-commerce has made pricing more competitive in X industry.
· This paper studies how the adoption of a new human resource ethics policy affects labor turnover in company Y.
In this sub-section provide the necessary background information to motivate why this is an important problem to study.
A separate sub-heading is not needed, but the last paragraph of the introduction needs to summarize the contents of the remainder of the paper. For example, “Section 2 will present the conceptual framework, section 3 will…”
This section will identify the concept/theory from managerial economics you will use to study the problem. It will then show how that concept/theory relates to the problem. For example,
· If studying minimum wages, the theory that relates to that is the labor market model
· If studying the impact of e-commerce on pricing, then you need a market model of pricing
· If studying human resource ethics policy, provide a theoretical justification for how that would impact labor turnover.
Research and Analysis
This section explains the method you will use to study the problem, data you will be using, presents the data, analyzes the data and discuss the results.
In this sub-section you explain how you will go about the process of addressing the problem you are studying. For example
· This paper will find the correlation between minimum wages and teenage unemployment.
· This paper will correlate price competitiveness in various industries to the degree of e-commerce in those industries
· This paper will consider labor turnover before and after the new HR policy is implemented.
This sub-section describes your data and where it comes from. The data can come from government statistics, industry reports, company reports, published research, interviews, etc. For example
· The paper uses data from the bureau of labor statistics on teenage unemployment and minimum wages.
· The paper uses industry reports on e-commerce and pricing
· The paper uses an interview with the HR manager of a company and secures data on labor turnover from the company.
Present the data: In this sub-section clearly present the data you have collected, including the interview questions and answers if you have done an interview.
Analysis and Discussion of Results
In this sub-section you will conduct the methods described earlier to address the problem statement. You then discuss your findings and what you have learned. For example,
· You do a regression of teenage unemployment on minimum wages to find if there is a relationship, or you could use the results of published research.
· You regress price competitiveness (e.g. price dispersion in an industry) on the fraction of sales done by e-commerce. Or you could use published research.
· You compare turnover before and after the implementation of the new HR policy.
In all cases, after your analysis, you need to discuss your findings, how they answer the problem being addressed, etc.
This section summarizes the main findings and suggests areas of further study.
You must use a minimum of three resources beside the textbooks and use the appropriate format for the references.
Assignment Deadline Problem statement of the paper submitted (via email) for approval along with the conceptual framework you will use. Thursday 22 Feb The data source identified along with the methodology of how the data is being used to address the problem statement of the paper. Thursday 22 Feb Final version of the paper submitted Thursday 1 March
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
Do You Have Any Other Essay/Assignment/Class Project/Homework Related to this? Click Here Now [CLICK ME] and Have It Done by Our PhD Qualified Writers!!