XECO 212 UOP Course Tutorial /uophelp

1. XECO 212UOP Course Tutorial For more course tutorials visit www.uophelp.com

2. XECO 212UOP Course Tutorial XECO 212 Entire Course XECO 212 week 1 CheckPoint A New House Readiness • XECO 212 Week 1 CheckPoint A New House Readiness • XECO 212 Week 1 Discussion Question 1 & 2 • XECO 212 Week 2 Assignment Supply and Demand Paper • XECO 212 Week 2 CheckPoint Price Elasticity and Supply and Demand Short Answer Quiz • XECO 212 Week 3 CheckPoint Historical Example of Labor Supply and Demand • XECO 212 Week 3 Discussion Question 1 & 2 • XECO 212 Week 4 CheckPoint Market Structures Table and Questions • CheckPoint: A New House – Readiness • Deciding to buy a house is a lifelong goal for many people. Imagine that you are renting a studio apartment and have just discovered you are having a baby. Your present apartment is small and far from schools and local services. You have decided to move. There are many factors that come into play when making such a large and weighty purchase. Examine the

3. XECO 212UOP Course Tutorial XECO 212 week 1 Discussion Question 1 & 2 XECO 212 week 2 Assignment Supply and Demand Paper • Discussion Questions • DQ 1 • Locate recent articles in the New York Times or Wall Street Journal in which economists are quoted using positive and normative statements. Provide one quote and its context for both a   • DQ 2 • Select a good that you are familiar with. What are the factors that shift the demand curve for this good? What are the factors that shift the supply curve for this • Assignment: Supply and Demand Paper • Choose one good with which you have had experience purchasing: • New home • New car • Vacation to a theme park • Washing machine • Computer

4. XECO 212UOP Course Tutorial XECO 212 week 2 CheckPoint Price Elasticity and Supply XECO 212 week 3 CheckPoint Historical Example • CheckPoint: Price Elasticity and Supply and Demand Short Answer Quiz • Complete the Price Elasticity and Supply and Demand Short Answer Quiz in Appendix B. • Post your completed chart as an attachment. • CheckPoint: Historical Example of Labor Supply and Demand • Submit a 250- to 300-word response addressing one of the following historical events in terms of labor supply and demand: the Great Depression, the Luddite Revolt, the Black Death, or the technology boom of the 1990s. Include the following: • What was the impact on the supply and demand of labor on one sector of the labor market?

5. XECO 212UOP Course Tutorial XECO 212 week 3 Discussion Question 1 & 2 XECO 212 week 4 Assignment Maximizing Profits • Discussion Questions • DQ 1 • Why do some workers make more money than others? Must everyone make the same wage? Explain your answers using labor market equilibrium • Assignment: Maximizing Profits in Market Structures Paper • Consider competitive markets, monopolies, and oligopolies. What role does each of these play in an economy? • Write a 1,050- to 1400-word paper on Market Structures and Maximizing Profits. Address the following: • What are the characteristics of each market structure? • profits?

6. XECO 212UOP Course Tutorial XECO 212 week 4 CheckPoint Market Structures Table and Questions XECO 212 week 5 CheckPoint A New House Risks and Benefits • CheckPoint: Market Structures Table and Questions • Complete the Market Structures Table and Questions in Appendix C. • Post your completed table and questions as an attachment. • CheckPoint: A New House – Risks and Benefits • The government and the fiscal policy it implements play a large role in the housing market. In this CheckPoint, you examine how government policy has consequences for you and the decision to buy a house. This helps you consider situations and alternative decisions in your final project.

7. XECO 212UOP Course Tutorial XECO 212 week 5 Discussion Question 1 & 2 XECO 212 week 6 Assignment Money Train Multimedia Activity • Discussion Questions • DQ 1 • What is the relationship between GDP and the business cycle? How can you use information about the business cycle when making a decision about a large purchase • DQ 2 • What is inflation? How do interest rates affect inflation? What are the different types of unemployment? Which of these has the most impact on the economy? Explain. • Assignment: Money Train Multimedia Activity • Compete the Money Train Multimedia Activity. • Post your three responses as an attachment.

8. XECO 212UOP Course Tutorial XECO 212 week 6 CheckPoint Money XECO 212 week 7 CheckPoint A New House Economy • CheckPoint: Money • Submit a 250- to 300-word response addressing the following points: • Money acts as a unit of account, medium of exchange, or a store of value. Describe each of these different functions. • Provide an example of your use of money in each of these different functions. • CheckPoint: A New House – Economy • The difficulties of the economy affect many of the decisions you make as a consumer. No more so than when you are buying a house. The health of the economy is a factor you must consider when buying a house. Sometimes the economy favors sellers and at other times it favors buyers. This CheckPoint helps

9. XECO 212UOP Course Tutorial XECO 212 week 7 Discussion Question 1 & 2 XECO 212 week 8 Assignment International Trade Simulation • Discussion Questions • DQ 1 • How does the federal government implement its fiscal policies? Given economic conditions today, do you suggest expansionary fiscal policy or contractionary fiscal policy? How would your suggestions affect production and employment? Why? • DQ 2 • Assume the government is running a budget deficit. Should the government raise taxes to balance the budget? Should the government decrease spending to balance the budget? What are the pros and cons of each action? • Assignment: International Trade Simulation • Complete the International Trade Simulation. • Write a 1,050- to 1,250-word report advising the President of Rodamia making recommendations for international trade. Address the following: • List at least one advantage and one limitation of international trade you encountered in the simulation.

10. XECO 212UOP Course Tutorial XECO 212 week 8 CheckPoint International Trade Debate XECO 212 week 9 Capstone DQ • CheckPoint: International Trade Debate • Post a 250- to 300-word response to the following debate topic: The United States must place high tariffs and use quotas to restrict trade with foreign countries. • Consider the following issues: • The strength of the dollar on domestic and global economies • Benefits from tariffs or quotas • Losses from tariffs or quotas • Capstone Discussion Question • In your own words, using the 10 Principles of Economics outlined in Ch. 1 of Mankiw’s Principles of Economics, prepare a 200- to 300-word response to the following questions: How can each of the 10 principles be applied in an example or experience with which you are familiar? How do you intend to use your newfound knowledge in future economic decisions?

11. XECO 212UOP Course Tutorial XECO 212 week 9 Final Project • Final Project: A New House – Decision • Review the final project criteria in Appendix A. • Write a 1,750- to 2,450-word word paper in which you decide whether to purchase a house. • Discuss which principles of economics directly relate to your purchasing decision. • Compare the marginal benefits and the marginal costs associated with your purchasing decision.

12. XECO 212UOP Course Tutorial For more course tutorials visit www.uophelp.com