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In your final project, describe and answer in economic terms amanagerial decision you have knowledge about (for example one that hasto be made at your place of employment). Some examples of decisionsare:
Should our company hire temporary workers or hire new workers tohandle increase demand for our product?
Should we buy a new machine or upgrade the old one?
What is the optimal level of parts we should order and keep on the shelf?
Should we lease or buy a car?
Should we rent or buy a house?
Should I start a new business?
Note that each of the questions above can be answered in a singlesentence. The answer has implications that should influence futureactions. In other words, the answer is meaningful and useful. In youranswer, use economic language in a manner that demonstrates yourunderstanding of the concepts of this course. This means use economic language correctly, but also briefly explain the economic terms andconcepts. (Do not write for experts in business and economics).
Your paper should have the following major sections with appropriatesection title.
Executive Summary – The very first sentence of the very first paragraph of the paper and this section should give the answer to thequestion, don’t make your reader hunt for it. Explain why this answeris meaningful or useful.
Definition – This section defines the managerial question to beanalyzed. It also identifies the possible opportunities andalternatives being evaluated.
Factors or Costs – This section describes and identifies factors orcosts that will influence the analysis of the questions. This sectionalso includes factors and costs that may seem important (and areimportant for other questions) and explain why they are not importantto this question. For this course, you may limit yourself to the tenmost important factors or costs (you should have at least this many).At least three of them should be implicit and at least another three
should be explicit. Also at least two should not be important to thisquestion and at least six should be important to answering thisquestion. This section is to demonstrate your understanding of whatmakes a cost or factor relevant to economic reasoning.
Measurement – This section states how the factors or costs from theprevious section are to be measured and the values you plan to use inyour analysis (or range of values). In this section you may state thereliability of the number. For example, I don’t expect you to includeevery possible value of a factor, you may make assumptions. If youmake an assumption about a number how likely is it to change, and/orhow comfortable are you with the stability of the number. For thispaper, feel free to make many assumptions about the value in thissection. The goal of this paper is to demonstrate your ability toapply economic reasoning and not get the correct answer (orpolitically correct answer). If you apply good reasoning, your answermay be wrong because of a poor assumption. For this course that isacceptable. With experience, your ability to make good assumptionswill improve.
Analysis – In this section you use the measurement from the above andapply good economic reasoning and solve the problem. Explain whatmethod you’re going to apply and why this method is appropriate (Thisis to demonstrate that you understand the economic concepts).
Summary – This section states your observations about the process. Youhave an answer, based upon the reliability of the measurement of thefactors or costs how likely is that answer to change. You may want toidentify some (not more than three) assumptions that if their valuewere different would give a different answer. For example, buying ahouse versus renting may the choice when interest rates are 5%, but ifthey go to 20%, renting may be the better choice.
Writing the Final Project
The Final Project:
Must be eight- to ten- double-spaced-pages in length, exclusive ofAppendix, References, Exhibits, etc., and formatted according to APAstyle as outlined in the approved APA style guide. Papers with lessthan eight or more than ten pages in length will have two points
deducted from the finalscore for each page under or each page over.Must include a cover page that includes:
Student’s name
Course name and number
Name of paper
Instructor’s name
Date submitted
Must include an abstract page as required in all graduate writing.
Must include an introductory paragraph with a clearly defined researchquestion (qualitative study) or hypothesis (quantitative study).
Must include all sections of the required report outline.
Must include a Conclusions and Recommendations section that includesrecommendations for changes that make a direct improvement on theteaching and learning environment.
Must use APA style as outlined in your approved style guide todocument all sources.
Must include a Reference List that is completed according to APA styleas outlined in your approved style guide.
May include any appendices that serve to support the report narrative.

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