Category: Micro Economics

Overview
Suppose your group works as a virtual team in a Saudi company that deals with local and global clients. The company mainly aims to provide digital marketing services and solutions in one field (e.g., cars, real estate, perfumes, fashion, flowers, healthy food, medicines, etc.). A task has been given to you by the CEO. The task includes connecting with a Chinese brand that wants to open an office in Jeddah, Saudi Arabia. The task is considered completed when the team proposes a strategy to the Chinese company representative and receives their feedback.
Requirements
The group needs to be divided as follows: one team manager, one representative from the Chinese brand, one technical support expert, and one or two general members.
Write a reflection on your group work process in creating the team, choosing the tools, working on the tasks, and reporting the strategy to the client.
Reflection (due by Week 10) [20 marks]
The reflection should be written after you establish a successful virtual team. The reflection should describe the process of 4 main components of virtual management: team building, tools, procedures, and task management. Please use these guidelines on how to do so:
1. Virtual Team: (4 marks- 200 words)
In this section, you need to describe the virtual team.
Name your team and specify the field you will focus on.
Who are your team members, and what are their roles?
What are the personal objectives of each member (why you joined the team)?
What is the collective goal for your team (how will your team be successful in that field)?
How the team experienced Bruce Tuckman’s four different stages of team building?
2. Virtual Tool (5 marks- 700 words)
In this section, you describe choosing a tool for your virtual team.
What are the main and complimentary virtual tools did you use to manage the tasks? (provide pictures)
Describe the features of these tools that were useful to your teamwork (provide pictures).
Why did you choose these tools? What are the other options?
Suppose your budget was SAR 10k; how did you use that budget to get the best possible tool?
How frequently does the team meet? How long is each meeting? (Provide photos of the team meetings at different times)
How the meeting minutes helped your team stay focused? (Provide an example of your team meeting minutes).
3. Virtual work dynamics (5 marks- 700 words)
How did you create a virtual office? What are the technical challenges that you faced in your work?
Give some examples of work ethics/ culture in China.
How did you utilize vacation time and holiday time?
What are the challenges that your team faced in communication? Specify how space, time, and cultural differences affected the communication process.
How did you overcome those challenges? (discuss from different roles’ perspectives).
4. Reports and presentations (5.5 marks- 500 words)
Provide an example of a proposed strategy your team worked on to make the marketing campaign successful for the Chinese company in the chosen field.
The report should be 300 words describing the status and statistics of the chosen field and how customers (target audience) can be reached. The report should have an introduction, a brief strategy, and a conclusion.
Include graphs and statistics to support your report (use local resources. If they were in Arabic, translate them).
The Chinese company representative in your team should provide his/her feedback on the report (one or two comments)
The rest of the team should address those comments.
Tell us how your teamwork was, what you would do better, and how you will thrive in the future.
5. Conclude your reflection (0.5 mark- 100 words)
Useful links:
http://www.nottingham.ac.uk/studentservices/documents/planning-and-preparing-to-write-assignments.pdf
APA reference system https://student.unsw.edu.au/apa
About plagiarism http://wts.indiana.edu/pamphlets/plagiarism.shtml
About plagiarism https://en.wikipedia.org/wiki/Plagiarism
Guidelines for the assignment:
This is a group project (4-5 students in each group), which is part of your course score. It requires effort, collaboration and critical thinking.
Use the given template below. One mark will be deducted if there is this template is not used.
Your assignment must be supported by evidence and resources. Otherwise, your answer will not be valid.
Use at least 3 different references from the SDL including the Textbook
Use font Times New Roman, Calibri or Arial.
Use 1.5 or double line spacing with left Justify all paragraphs.
Use the footer function to insert page number.
Ensure that you follow the APA style in your project.
Your project report length should be between 2000 to 2500 words.
Up to 20% of the total grade will be deducted for providing a poor assignment structure. The structure includes these elements paper style, free of spelling and grammar mistakes, referencing, and format.
Answer:

Group Presentation (due by Week 10) [10 marks)
This is a group presentation and must be done in-class or virtually using Power Point or any other tool. The presentation should reflect your answers and experience in Assignment 2 (the project). Please refer to the following criteria:
Create 10 slides maximum
The slides should contain the following: Group members names, IDs, and CRN
A brief description of the virtual team
A brief description of the virtual tool
A brief description of the Virtual work dynamics
A brief description of the proposed reports
Suggestions for future teams.

Support your presentation with pictures from your virtual teamwork.
Each group has 10m (8 minutes presentation + 2 minutes Q & A).
Each student presents for ~2 minutes to divide the time equally between group members.
The presentation should be written and presented in English.
Upload the slides to Blackboard under the Assignment 3 tab by the specified due date. Overview
Suppose your group works as a virtual team in a Saudi company that deals with local and global clients. The company mainly aims to provide digital marketing services and solutions in one field (e.g., cars, real estate, perfumes, fashion, flowers, healthy food, medicines, etc.). A task has been given to you by the CEO. The task includes connecting with a Chinese brand that wants to open an office in Jeddah, Saudi Arabia. The task is considered completed when the team proposes a strategy to the Chinese company representative and receives their feedback. Requirements
The group needs to be divided as follows: one team manager, one representative from the Chinese brand, one technical support expert, and one or two general members. Write a reflection on your group work process in creating the team, choosing the tools, working on the tasks, and reporting the strategy to the client. Reflection (due by Week 10) [20 marks] The reflection should be written after you establish a successful virtual team. The reflection should describe the process of 4 main components of virtual management: team building, tools, procedures, and task management. Please use these guidelines on how to do so:
1. Virtual Team: (4 marks- 200 words) In this section, you need to describe the virtual team. Name your team and specify the field you will focus on.
Who are your team members, and what are their roles?
What are the personal objectives of each member (why you joined the team)?
What is the collective goal for your team (how will your team be successful in that field)?
How the team experienced Bruce Tuckman’s four different stages of team building?
2. Virtual Tool (5 marks- 700 words) In this section, you describe choosing a tool for your virtual team. What are the main and complimentary virtual tools did you use to manage the tasks? (provide pictures)
Describe the features of these tools that were useful to your teamwork (provide pictures).
Why did you choose these tools? What are the other options?
Suppose your budget was SAR 10k; how did you use that budget to get the best possible tool?
How frequently does the team meet? How long is each meeting? (Provide photos of the team meetings at different times)
How the meeting minutes helped your team stay focused? (Provide an example of your team meeting minutes).
3. Virtual work dynamics (5 marks- 700 words) How did you create a virtual office? What are the technical challenges that you faced in your work?
Give some examples of work ethics/ culture in China.
How did you utilize vacation time and holiday time?
What are the challenges that your team faced in communication? Specify how space, time, and cultural differences affected the communication process.
How did you overcome those challenges? (discuss from different roles’ perspectives).
4. Reports and presentations (5.5 marks- 500 words) Provide an example of a proposed strategy your team worked on to make the marketing campaign successful for the Chinese company in the chosen field.
The report should be 300 words describing the status and statistics of the chosen field and how customers (target audience) can be reached. The report should have an introduction, a brief strategy, and a conclusion.
Include graphs and statistics to support your report (use local resources. If they were in Arabic, translate them).
The Chinese company representative in your team should provide his/her feedback on the report (one or two comments)
The rest of the team should address those comments.
Tell us how your teamwork was, what you would do better, and how you will thrive in the future.
5. Conclude your reflection (0.5 mark- 100 words) Useful links: http://www.nottingham.ac.uk/studentservices/documents/planning-and-preparing-to-write-assignments.pdf
APA reference system https://student.unsw.edu.au/apa
About plagiarism http://wts.indiana.edu/pamphlets/plagiarism.shtml
About plagiarism https://en.wikipedia.org/wiki/Plagiarism
Guidelines for the assignment: This is a group project (4-5 students in each group), which is part of your course score. It requires effort, collaboration and critical thinking.
Use the given template below. One mark will be deducted if there is this template is not used.
Your assignment must be supported by evidence and resources. Otherwise, your answer will not be valid.
Use at least 3 different references from the SDL including the Textbook
Use font Times New Roman, Calibri or Arial.
Use 1.5 or double line spacing with left Justify all paragraphs.
Use the footer function to insert page number.
Ensure that you follow the APA style in your project.
Your project report length should be between 2000 to 2500 words.
Up to 20% of the total grade will be deducted for providing a poor assignment structure. The structure includes these elements paper style, free of spelling and grammar mistakes, referencing, and format. Answer:

Please answer all four question with details of how we got the answer and explain the method was used.

Make sure to apply Saint Leo’s Core Values to your analysis, remembering that responsible stewardship calls on us to be ‘resourceful’. You should cite specific examples and applications, and take a clear stand on whether you believe the actions of government work towards resolving market failures or not.
This assignment must be a 2-3 page Word Document and use 12 pt. Times New Roman font with proper APA citations. Be sure to review the scoring rubric.

Overview
Suppose your group works as a virtual team in a Saudi company that deals with local and global clients. The company mainly aims to provide digital marketing services and solutions in one field (e.g., cars, real estate, perfumes, fashion, flowers, healthy food, medicines, etc.). A task has been given to you by the CEO. The task includes connecting with a Chinese brand that wants to open an office in Jeddah, Saudi Arabia. The task is considered completed when the team proposes a strategy to the Chinese company representative and receives their feedback.
Requirements
The group needs to be divided as follows: one team manager, one representative from the Chinese brand, one technical support expert, and one or two general members.
Write a reflection on your group work process in creating the team, choosing the tools, working on the tasks, and reporting the strategy to the client.
Reflection (due by Week 10) [20 marks]
The reflection should be written after you establish a successful virtual team. The reflection should describe the process of 4 main components of virtual management: team building, tools, procedures, and task management. Please use these guidelines on how to do so:
1. Virtual Team: (4 marks- 200 words)
In this section, you need to describe the virtual team.
Name your team and specify the field you will focus on.
Who are your team members, and what are their roles?
What are the personal objectives of each member (why you joined the team)?
What is the collective goal for your team (how will your team be successful in that field)?
How the team experienced Bruce Tuckman’s four different stages of team building?
2. Virtual Tool (5 marks- 700 words)
In this section, you describe choosing a tool for your virtual team.
What are the main and complimentary virtual tools did you use to manage the tasks? (provide pictures)
Describe the features of these tools that were useful to your teamwork (provide pictures).
Why did you choose these tools? What are the other options?
Suppose your budget was SAR 10k; how did you use that budget to get the best possible tool?
How frequently does the team meet? How long is each meeting? (Provide photos of the team meetings at different times)
How the meeting minutes helped your team stay focused? (Provide an example of your team meeting minutes).
3. Virtual work dynamics (5 marks- 700 words)
How did you create a virtual office? What are the technical challenges that you faced in your work?
Give some examples of work ethics/ culture in China.
How did you utilize vacation time and holiday time?
What are the challenges that your team faced in communication? Specify how space, time, and cultural differences affected the communication process.
How did you overcome those challenges? (discuss from different roles’ perspectives).
4. Reports and presentations (5.5 marks- 500 words)
Provide an example of a proposed strategy your team worked on to make the marketing campaign successful for the Chinese company in the chosen field.
The report should be 300 words describing the status and statistics of the chosen field and how customers (target audience) can be reached. The report should have an introduction, a brief strategy, and a conclusion.
Include graphs and statistics to support your report (use local resources. If they were in Arabic, translate them).
The Chinese company representative in your team should provide his/her feedback on the report (one or two comments)
The rest of the team should address those comments.
Tell us how your teamwork was, what you would do better, and how you will thrive in the future.
5. Conclude your reflection (0.5 mark- 100 words)
Useful links:
http://www.nottingham.ac.uk/studentservices/documents/planning-and-preparing-to-write-assignments.pdf
APA reference system https://student.unsw.edu.au/apa
About plagiarism http://wts.indiana.edu/pamphlets/plagiarism.shtml
About plagiarism https://en.wikipedia.org/wiki/Plagiarism
Guidelines for the assignment:
This is a group project (4-5 students in each group), which is part of your course score. It requires effort, collaboration and critical thinking.
Use the given template below. One mark will be deducted if there is this template is not used.
Your assignment must be supported by evidence and resources. Otherwise, your answer will not be valid.
Use at least 3 different references from the SDL including the Textbook
Use font Times New Roman, Calibri or Arial.
Use 1.5 or double line spacing with left Justify all paragraphs.
Use the footer function to insert page number.
Ensure that you follow the APA style in your project.
Your project report length should be between 2000 to 2500 words.
Up to 20% of the total grade will be deducted for providing a poor assignment structure. The structure includes these elements paper style, free of spelling and grammar mistakes, referencing, and format.
ECOM 201 Group Presentation
Group Presentation (due by Week 10) [10 marks)
This is a group presentation and must be done in-class or virtually using Power Point or any other tool. The presentation should reflect your answers and experience in Assignment 2 (the project). Please refer to the following criteria:
Create 10 slides maximum
The slides should contain the following:
o Group members names, IDs, and CRN
o A brief description of the virtual team
o A brief description of the virtual tool
o A brief description of the Virtual work dynamics
o A brief description of the proposed reports
o Suggestions for future teams.
Support your presentation with pictures from your virtual teamwork.
Each group has 10m (8 minutes presentation + 2 minutes Q & A).
Each student presents for ~2 minutes to divide the time equally between group members.
The presentation should be written and presented in English.
Upload the slides to Blackboard under the Assignment 3 tab by the specified due date.

1. Virtual Team: (4 marks- 200 words)
In this section, you need to describe the virtual team.
Name your team and specify the field you will focus on.
Who are your team members, and what are their roles?
What are the personal objectives of each member (why you joined the team)?
What is the collective goal for your team (how will your team be successful in that field)?
How the team experienced Bruce Tuckman’s four different stages of team building?

Overview
Suppose your group works as a virtual team in a Saudi company that deals with local and global clients. The company mainly aims to provide digital marketing services and solutions in one field (e.g., cars, real estate, perfumes, fashion, flowers, healthy food, medicines, etc.). A task has been given to you by the CEO. The task includes connecting with a Chinese brand that wants to open an office in Jeddah, Saudi Arabia. The task is considered completed when the team proposes a strategy to the Chinese company representative and receives their feedback.
Requirements
The group needs to be divided as follows: one team manager, one representative from the Chinese brand, one technical support expert, and one or two general members.
Write a reflection on your group work process in creating the team, choosing the tools, working on the tasks, and reporting the strategy to the client.
Reflection (due by Week 10) [20 marks]
The reflection should be written after you establish a successful virtual team. The reflection should describe the process of 4 main components of virtual management: team building, tools, procedures, and task management. Please use these guidelines on how to do so:
1. Virtual Team: (4 marks- 200 words)
In this section, you need to describe the virtual team.
Name your team and specify the field you will focus on.
Who are your team members, and what are their roles?
What are the personal objectives of each member (why you joined the team)?
What is the collective goal for your team (how will your team be successful in that field)?
How the team experienced Bruce Tuckman’s four different stages of team building?
2. Virtual Tool (5 marks- 700 words)
In this section, you describe choosing a tool for your virtual team.
What are the main and complimentary virtual tools did you use to manage the tasks? (provide pictures)
Describe the features of these tools that were useful to your teamwork (provide pictures).
Why did you choose these tools? What are the other options?
Suppose your budget was SAR 10k; how did you use that budget to get the best possible tool?
How frequently does the team meet? How long is each meeting? (Provide photos of the team meetings at different times)
How the meeting minutes helped your team stay focused? (Provide an example of your team meeting minutes).
3. Virtual work dynamics (5 marks- 700 words)
How did you create a virtual office? What are the technical challenges that you faced in your work?
Give some examples of work ethics/ culture in China.
How did you utilize vacation time and holiday time?
What are the challenges that your team faced in communication? Specify how space, time, and cultural differences affected the communication process.
How did you overcome those challenges? (discuss from different roles’ perspectives).
4. Reports and presentations (5.5 marks- 500 words)
Provide an example of a proposed strategy your team worked on to make the marketing campaign successful for the Chinese company in the chosen field.
The report should be 300 words describing the status and statistics of the chosen field and how customers (target audience) can be reached. The report should have an introduction, a brief strategy, and a conclusion.
Include graphs and statistics to support your report (use local resources. If they were in Arabic, translate them).
The Chinese company representative in your team should provide his/her feedback on the report (one or two comments)
The rest of the team should address those comments.
Tell us how your teamwork was, what you would do better, and how you will thrive in the future.
5. Conclude your reflection (0.5 mark- 100 words)
Useful links:
http://www.nottingham.ac.uk/studentservices/documents/planning-and-preparing-to-write-assignments.pdf
APA reference system https://student.unsw.edu.au/apa
About plagiarism http://wts.indiana.edu/pamphlets/plagiarism.shtml
About plagiarism https://en.wikipedia.org/wiki/Plagiarism
Guidelines for the assignment:
This is a group project (4-5 students in each group), which is part of your course score. It requires effort, collaboration and critical thinking.
Use the given template below. One mark will be deducted if there is this template is not used.
Your assignment must be supported by evidence and resources. Otherwise, your answer will not be valid.
Use at least 3 different references from the SDL including the Textbook
Use font Times New Roman, Calibri or Arial.
Use 1.5 or double line spacing with left Justify all paragraphs.
Use the footer function to insert page number.
Ensure that you follow the APA style in your project.
Your project report length should be between 2000 to 2500 words.
Up to 20% of the total grade will be deducted for providing a poor assignment structure. The structure includes these elements paper style, free of spelling and grammar mistakes, referencing, and format.
Answer:

This assignment involves supply and demand. Think and sketch graphs before you try to write. Your submission should be about 2 pages (normal fonts and margins, double spaced). This assignment requires that you include graphing. You may hand-draw your graphs into your writing and then scan the single document for submission, or you may take a photo of your graphs and attach the photo along with your typed response. You can insert an image of your graphs into your word document. So long as you include the text and your graphs in your response (and the instructor can follow how they are connected), this will meet the requirement. Again, your assignment response should be in the form of economic analysis, not personal opinion or belief. Here is the issue for your to consider using supply and demand graphing as your guide:
Start with a market for cocaine where cocaine is illegal, as it is today in the U.S. There is still a market, however, even though it is a black market, meaning not a legal one. There are still buyers and sellers coming together to buy and sell and market forces help move that illegal market to an equilibrium price. However, since all transactions are illegal, both buyers and sellers (especially sellers) risk criminal prosecution. Graph an illegal market at an equilibrium price and quantity. Show graphically and then explain what do you think would happen to the equilibrium price and quantity traded if the law changed to make buying and selling cocaine legal? (HINT: you may want to move both the demand and supply curves and explain why you are moving them.) If you wanted to cut down on petty thievery to support buying cocaine, would you recommend legalizing cocaine as a matter of public policy?

1.-The dataset below contains (fictional) data on medical costs and their possible determinants. The variables in the dataset are
Age: age of the policy holder
Sex: sex of policy holder (male or female)
BMI: Body mass index of policy holder
Children: Number of dependents covered by health insurance policy
Tobacco: tobacco use status (yes or no)
Region: geographic region where policy holder is located (North, South, East or West)
Charges: medical costs billed to health insurance
You want to study the determinants of medical costs. Estimate the full model that includes all explanatory variables. Based on your results, which region has the highest baseline medical costs?
a.North
b.
South
c.
East
d.
West
2.
Conduct a suitable hypothesis test that the coefficients of all insignificant variables (at the 5% level) from the full model in the previous question are jointly 0. Please enter the result of your test statistic (rounded to two decimals) below.
(If your answer is less than 1, please also enter the zero before the decimal point. That is, if your answer is 1/2, please enter 0.50 instead of .50)
3. based on the hypothesis test in the previous question, we reject fail to reject should should not the null hypothesis that these coefficients are jointly 0. Therefore they reject fail to reject should should not be included in the model.
4.
In this question, we will consider an alternative model to estimate the determinants of medical costs.Using the medical cost data from the previous questions, create a dummy variable only for the North region. To do this in R, use the following line of code (you’ll need to replace name_of_your_dataframe by the actual name of your dataframe for this to work):
name_of_your_dataframe$north <- ifelse(name_of_your_dataframe$region == 'North',1,0) Estimate a model that drops all insignificant variables (at the 5% level) from the previous questions (Male dummy, all region dummies except for North). In this second model, which variables are significant at the 5% level? a. age b. bmi c. children d. tobacco e. North region dummy

Reflection (due by Week 10) [20 marks]
The reflection should be written after you establish a successful virtual team. The reflection should describe the process of 4 main components of virtual management: team building, tools, procedures, and task management. Please use these guidelines on how to do so:
1. Virtual Team: (4 marks- 200 words)
In this section, you need to describe the virtual team.
Name your team and specify the field you will focus on.
Who are your team members, and what are their roles?
What are the personal objectives of each member (why you joined the team)?
What is the collective goal for your team (how will your team be successful in that field)?
How the team experienced Bruce Tuckman’s four different stages of team building?
2. Virtual Tool (5 marks- 700 words)
In this section, you describe choosing a tool for your virtual team.
What are the main and complimentary virtual tools did you use to manage the tasks? (provide pictures)
Describe the features of these tools that were useful to your teamwork (provide pictures).
Why did you choose these tools? What are the other options?
Suppose your budget was SAR 10k; how did you use that budget to get the best possible tool?
How frequently does the team meet? How long is each meeting? (Provide photos of the team meetings at different times)
How the meeting minutes helped your team stay focused? (Provide an example of your team meeting minutes).
3. Virtual work dynamics (5 marks- 700 words)
How did you create a virtual office? What are the technical challenges that you faced in your work?
Give some examples of work ethics/ culture in China.
How did you utilize vacation time and holiday time?
What are the challenges that your team faced in communication? Specify how space, time, and cultural differences affected the communication process.
How did you overcome those challenges? (discuss from different roles’ perspectives).
4. Reports and presentations (5.5 marks- 500 words)
Provide an example of a proposed strategy your team worked on to make the marketing campaign successful for the Chinese company in the chosen field.
The report should be 300 words describing the status and statistics of the chosen field and how customers (target audience) can be reached. The report should have an introduction, a brief strategy, and a conclusion.
Include graphs and statistics to support your report (use local resources. If they were in Arabic, translate them).
The Chinese company representative in your team should provide his/her feedback on the report (one or two comments)
The rest of the team should address those comments.
Tell us how your teamwork was, what you would do better, and how you will thrive in the future.
5. Conclude your reflection (0.5 mark- 100 words)
Useful links:
http://www.nottingham.ac.uk/studentservices/documents/planning-and-preparing-to-write-assignments.pdf
APA reference system https://student.unsw.edu.au/apa
About plagiarism http://wts.indiana.edu/pamphlets/plagiarism.shtml
About plagiarism https://en.wikipedia.org/wiki/Plagiarism
Guidelines for the assignment:
This is a group project (4-5 students in each group), which is part of your course score. It requires effort, collaboration and critical thinking.
Use the given template below. One mark will be deducted if there is this template is not used.
Your assignment must be supported by evidence and resources. Otherwise, your answer will not be valid.
Use at least 3 different references from the SDL including the Textbook
Use font Times New Roman, Calibri or Arial.
Use 1.5 or double line spacing with left Justify all paragraphs.
Use the footer function to insert page number.
Ensure that you follow the APA style in your project.
Your project report length should be between 2000 to 2500 words.
Up to 20% of the total grade will be deducted for providing a poor assignment structure. The structure includes these elements paper style, free of spelling and grammar mistakes, referencing, and format.
Answer: