Microeconomic Concept Essays

Microeconomic Concept Essays Microeconomic Concept Essay Microeconomic Concept Essay Project Description: In this project, you will apply the theories studied in class to analyze the microeconomic forces affecting a business. Each and every data/graph/ table should have the Source with it. The contents of your presentation must incorporate concepts from the course. RESEARCH OUTLINE Choose your industry and your company Brief background of the company. Explain the circular flow diagram and concentrate on each part to explain the following. DEMAND THEORY Consumer Behavior and pattern Price elasticity of demand of the product and the shape of the demand curve. FIRM THEORY Cost structure of your company 2-3 years of actual data. ? Fixed costs, variable costs and your analysis of the same. MARKET THEORY Identify the market structure level of competition; the barriers to entry; any game theory application PRICING THEORY Pricing strategy of the company; price movements in the last 4-5 years. CONCLUSION EXTRA CREDIT Relevant materials, apart from the PowerPoint, that will enhance the understanding of the microeconomic concepts that you have included in your resentation. ?Research (newspapers or any other authentic sources) which you can include in a meaningful way in the presentation. ? Use of actual data of your company from annual reports, financial statements ? Your own survey, interview, analysis that you carried out for this project ? Involvement of your colleagues during the presentation / discussion. ? Creativity in your presentation. Your preparation and conf idence during the presentation. I would like to choose Mcdonalds as a firm in this research microeconomic concept By falmarzooqil

Effective Teacher Questioning Techniques

Effective Teacher Questioning Techniques Asking questions is an important part of any teachers daily interaction with their students. Questions provide teachers with the ability to check on and enhance student learning. However, it is important to note that not all questions are created equal. According to Dr. J. Doyle Casteel, Effective Teaching, effective questions should have a high response rate (at least 70 to 80 percent), be evenly distributed throughout the class, and be a representation of the discipline being taught. What Types of Questioning Are Most Effective? Typically, questioning habits of teachers are based on the subject being taught and our own past experiences with classroom questions. For example, in a typical mathematics class, questions might be rapid fire: question in, question out. In a science class, a typical situation might occur where the teacher talks for two to three minutes then poses a question to check understanding before moving on. An example from a social studies class might be when a teacher asks questions to start a discussion allowing other students to join in. All of these methods have their uses and a complete, experienced teacher uses all three of these in their classroom. Referring again to Effective Teaching, the most effective forms of questions are those that either follow  a clear sequence, are contextual solicitations, or are hypothetico-deductive questions. In the following sections, we will look at each of these and how they work in practice. Clear Sequences of Questions This is the simplest form of effective questioning. Instead of directly asking students a question such as Compare Abraham Lincolns Reconstruction Plan to Andrew Johnsons Reconstruction Plan, a teacher would ask a clear sequence of little questions that lead up to this larger overall question. The little questions are important because they establish the basis for the comparison which is the ultimate goal of the lesson. Contextual Solicitations Contextual solicitations provide a student response rate of 85-90 percent. In a contextual solicitation, a teacher is providing a context for the coming question. The teacher then prompts an intellectual operation. Conditional language provides a link between the context and the question that is to be asked. Here is an example of a contextual solicitation: In the Lord of the Rings trilogy, Frodo Baggins is attempting to get the One Ring to Mount Doom to destroy it. The One Ring is seen as a corrupting force, negatively affecting all who have extended contact with it. This being the case, why is Samwise Gamgee unaffected by his time wearing the One Ring? Hypothetico-Deductive Questions According to research cited in Effective Teaching, these types of questions have a 90-95% student response rate. In a hypothetico-deductive question, the teacher starts by providing the context for the coming question. They then set up a hypothetical situation by providing conditional statements like assume, suppose, pretend, and imagine. Then the teacher links this hypothetical to the question with words like, given this, however, and because of. In summary, the hypothetico-deductive question must have context, at least one curing conditional, a linking conditional, and the question. Following is an example of a hypothetico-deductive question: The film we just watched stated that the roots of sectional differences that led to the US Civil War were present during the Constitutional Convention. Lets assume that this was the case. Knowing this, does that mean that the US Civil War was inevitable? The typical response rate in a classroom not using the above questioning techniques is between 70-80 percent. The discussed questioning techniques of Clear Sequence of Questions, Contextual Solicitations, and Hypothetico-Deductive Questions can increase this response rate to 85 percent and above. Further, teachers who use these find that they are better at using wait time. Further, the quality of student responses increases greatly. In summary, we as teachers need to try and incorporate these types of questions in our daily teaching habits. Source: Casteel, J. Doyle. Effective Teaching. 1994. Print.