ECN 601 Week 4 Problems plus Discussions

(ECN 601 Week 4)

ECN 601 Week 4 Problems: Chapter 12 and 14

ECN-601 Week 4 Exam 1 (Multiple Choice Questions)

ECN 601 Week 4 Discussion Question 1

Identify a personal economic decision that was driven by a behavioral bias rather than by pure rational behavior. Given your understanding of behavioral economics, how would your decision differ today?

ECN-601 Week 4 Discussion Question 2

What is the correlation between, and evidence behind, market concentration and price levels? Do you find any relationship between lack of competition and other economic variables? Use at least one article from The Wall Street Journal, or another scholarly reference, to support your response. What are the ethical ramifications of market concentration?