ECO100Y5 Lecture 1: ECO100Y5 Chapter 1 & 2, Lecture 1 - Microeconomics

Understanding how contracts work is essential for any business person. After listening to the lecture and reading your chapter on formation of contracts, answer the following Question:1) I have an old TV for sale and have a potential buyer who wants to take it now and pay for it over 10 months. How can I protect myself if she moves or disappears?

Consider the fact that many nations have or had elected female presidents or prime ministers (e.g., Philippines, Nicaragua, Ireland, Ecuador, Germany, Latvia, Finland, Sweden, United Kingdom, Chile, India, Argentina and many, many more). Also consider the fact that representation rates of women are significantly higher in many other countries.

How do you explain the fact that the United States never had a female President and has a relatively low (i.e., 20%) representation rate of women? Please make sure to incorporate the materials included in today’s audio lecture on the underrepresentation of women in Congress (Part II of lecture on Congress).

PART 1: http://www.youtube.com/watch?v=nk1_CiCr_P8

PART 2: http://www.youtube.com/watch?v=jVnogXvuA24

In an essay of about 2-3 pages, answer the following questions. Once again, use sources that would be acceptable to business professionals. The ethical models were discussed in chapter 5 and the corresponding lecture(s). Use a true essay format or memorandum. Discuss the topic, do not simply try to answer each question as a bullet point. Use the questions as guidance, not to limit your response. • What is meant by culture of compliance • Is the concept applied consistently? • In which countries or contexts does this arise? • Is it likely to continue to be a factor in regulatory or ethical decisions? • What can one do within an organization to foster such a culture? • How does one demonstrate to others that a culture of compliance is present (or, at least, there is not a culture of corruption)? • Which philosophical approach(es) to ethics is(are) applicable in this scenario?