ECO 365 Week 5 Theory of Consumer Choice and Frontiers of Microeconomics Presentation
You have been asked to assist your organization’s marketing department to better understand how consumers make economic decisions.
Develop a 12- to 15-slide Microsoft® PowerPoint® presentation to be presented to the Marketing Department that addresses the following.
Explain the following in your presentation:
The impact the theory of consumer choice has on:
Higher interest rates
The role asymmetric information has in many economic transactions
The Condorcet Paradox and Arrow’s Impossibility Theorem in the political economy
People not being rational in behavior economics