ECO205
ECO 205 Week 1 CheckPoint Principles of Economics
CheckPoint: Principles of Economics
CompleteQuestion 16 under Problems and Applications in Ch. 1
of Principles of Economics.
Findthree current articles about the economy on http://www.economist.com or any business
news website.
Post a 200- to 300-word response identifying one unique
economic principle for each article.
ECO 205 Week 1 DQ 1 and DQ 2
Post your response to the following: The principles of economics influence your
decision-making, interaction with others, and the economy as a whole. Provide
one example of how you are personally affected by each of the three areas. Are
you affected positively or negatively? Explain
your reasoning. How do budget constraints and personal
preferences affect your choices as a consumer?
Post your response to the following: Discuss similarities and differences in the
roles economists play as policy advisors and as scientists. How would advice
offered to policy makers differ depending on which role an economist assumes?
Define positive and normative analysis and use these
terms in your answer.
ECO 205 Week 2 CheckPoint Industry Research Part I
You will demonstrate information literacy through preparing
and gathering information for the activity due this week. There will be four Industry Research
Checkpoints that will build toward your Final Project. You will be using the same industry for each
one.
Select an industry
that is affected by the economy, such as the airline, automotive, home
building, or technological industry.You may pick an industry of your choice.
Keep in mind that you must use the industry chosen throughout the course. Post
the industry that you are using to your
Individual forum, so that I know what industry you chose.
Find at least two
sources to help you answer the following questions about the industry you chose
and complete the following questions:
o Summarize the articles and discuss your
chosen industry in the summary.
o Define price
elasticity of demand. Is the price elasticity of demand of your industry
considered elastic or inelastic? Are there substitutes available? Is the good a
luxury or a necessity? Explain.
Review Appendix B
Example for model entry.
Organize your
research for this week using the annotated bibliography template in Appendix B.
For each entry in the annotated bibliography, include an APA-formatted
reference and a summary of the major points in the article or Web site.
ECO 205 Week 2 Assignment Supply and Demand (appendix C)
Visitthe Interactive Activity: Supply and Demand Web site
available on Week Two of your student Web site.
Read the material
posted about supply and demand. Explore the concepts of supply and demand by
using the interactive features on the graphs. Use the questions following the
diagrams to guide your exploration. Visit Parts 1, 2, & 3 of the Web site.
Complete the matrix
and answer the questions in Appendix C. Describe how changes inprice and
quantity of various goods and services will affect either supply or demand and
the equilibrium price. Also, make sure to answer the three questions listed
above the matrix.
Use the graphs from
the interactive activity as a tool to help you visualize the changes in price
and quantity.
ECO 205 Week 3 CheckPoint Industry Research Part II
(appendix B)
Locate and summarize two sources to help you answer the
following questions about the industry you chose.
o Define
externalities and research any negative or positive externalities the industry
produces. Does the transaction of a buyer and seller directly affect a third
party? Is the effect a negative or positive externality? How does the
externality affect the economy?
o Research whether the industry produces
public goods or private goods, or is a natural monopoly. Are the goods or
resources rival, excludable, or neither? Explain.
Organize
your research for this week using the annotated bibliography template in
Appendix B.
Include
APA-formatted references and a summary of the major points in the articles or
Web sites.
Post Appendix
B as an attachment.
ECO 205 Week 3 DQ 1 and DQ 2
Discussion Question 1
Due Date: Day 2 (Main forum) ·
Post your response to the following:
There are four different types of business organizations: monopolies
ECO 205 Week 4 CheckPoint International Trade Debate Part I
Write a 200- to 300-word essay in APA format arguing for or
against unrestricted international trade. Some possible platforms on which to
write are comparative advantage, gains from trade, World Trade Organization,
and trade restrictions. Support your position with three specific
reasons.Post your essay as a Microsoft© Word attachment
ECO 205 Week 4 CheckPoint International Trade Debate
Part II
Day 6 [Individual] forum Debate a classmate’s position to
Part 1 of the CheckPoint. Your instructor will post a classmate’s response in
your Individua
ECO 205 Week 4 Assignment Taxation
ECO 205 Week 5 CheckPointLabor Market Scenario
ECO 205 week 5 DQ 1 and DQ 2
ECO 205 Week 6 CheckPoint Industry Research Part III
ECO 205 Week 6 Assignment Labor Market Research
ECO 205 Week 7 CheckPoint Calculation of the Consumer Price
Index (appendix D)
ECO 205 week 7 DQ 1 and DQ 2
ECO 205 Week 8 CheckPoint Industry Research Part IV
(appendix B)
ECO 205 Week 8 Federal Reserve, Banking, and Inflation
ECO 205 Week 9 capstone DQ
ECO 205 Week 9 Final Project Industry Research Completion
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