Power and Politics Within Enron

his study will be based upon the issue of Power and Politics within Enron, an organization that floundered in 2001. Enron, a large Fortune 500 company, company merged from Houston Natural Gas and Omaha-based Inter-Worth and established in 1985. In 1999 this company opened its doors to trading commodities online. Eventually ninety per cent of its income came from trades online. It was the sixth largest energy company in the world. By 2001, Enron's stocks had decreased a tremendous amount and it finally filed bankruptcy in that same year. Economics Mid-term guideline

1. Demand and supply

 Change in demand vs. change in quantity demanded

(what factors will cause change in demand, and what cause in change in quantity demanded)

 complement vs. substitutes

 normal goods vs. inferior (regarding income change, the influence on demand)

 given a table and demand & supply curve, point out equilibrium price and quantity

 Effect of changing demand & supply on equilibrium price and quantity, illustrate it

 Discuss what happens if below equilibrium quantity and price, i.e., shortage or surplus

 Changing supply vs. changing quantity supplied

2. Elasticity

 Elasticity of demand, definition of elasticity

 Elasticity vs. inelasticity

 Determinant of elastic e.g. substitutability, if it is necessities, time span; explain relationships

 Cross elasticity of demand and income elasticity of demand, distinguish them, when is positive, negative; what's