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ECO 205 UOP Tutorial ECO 205 Entire Course ECO 205 Week 1 CheckPoint Principles of Economics • ECO 205 Week 1 CheckPoint Principles of Economics • ECO 205 Week 1 DQ 1 and DQ 2 • ECO 205 Week 2 CheckPoint Industry Research Part I • ECO 205 Week 2 Assignment Supply and Demand (appendix C) • ECO 205 Week 3 CheckPoint Industry Research Part II (appendix B) • ECO 205 Week 3 DQ 1 and DQ 2 • Find three 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 UOP Tutorial ECO 205 Week 1 DQ 1 and DQ 2 ECO 205 Week 2 Assignment Supply and Demand (appendix C) • Discussion Question 1 • Due Date: Day 2 (Main forum) • 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? • 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 UOP Tutorial ECO 205 Week 2 CheckPoint Industry Research Part I ECO 205 Week 3 CheckPoint Industry Research Part II (appendix B) • 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. • 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?
ECO 205 UOP Tutorial ECO 205 Week 3 DQ 1 and DQ 2 ECO 205 Week 4 Assignment Taxation • Due Date: Day 2 (Main forum) • Post your response to the following: There are four different types of business organizations: monopolies, oligopolies, monopolistic competition, and competitive firms. Describe each type of firm and give an example of each. How would you classify the electric power industry in your area? Explain your reasoning. • Create a Microsoft© PowerPoint® presentation with 10 to 12 slides addressing the following questions: • 1) Introduce your presentation • 2) Which good did you choose to write about? • 3) Which local, state, or federal tax are you writing about? • 4) Is the tax levied on the producers or consumers? Explain.
ECO 205 UOP Tutorial ECO 205 Week 4 CheckPoint International Trade Debate Part II ECO 205 Week 4 CheckPoint International Trade Debate Part I • Due Date: 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 Individual forum on Day 4. • Write a 200- to 300-word essay arguing the opposite position of your classmate. Use suggestions from Part I to guide your responses. • Post II as a Microsoft© Word attachment. • 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.
ECO 205 UOP Tutorial ECO 205 Week 5 CheckPointLabor Market Scenario ECO 205 week 5 DQ 1 and DQ 2 • Due Date: Day 6 • Write a scenario that would cause a shift in labor supply and demand. The following areas have had high job growth rates and may be used for your scenario: transportation, insurance, technology, and health care industries. You can either make up a scenario or use real data and information. • Due Date: Day 2 • Post a response to the following: Because of recent terrorist threats and attacks, there has been an increase in the demand for security personnel—police, air marshals, airport security, and so forth. How do you think the higher demand has affected the equilibrium wage? In which direction do you think the labor supply and demand shifted? Explain your reasoning.
ECO 205 UOP Tutorial ECO 205 Week 6 Assignment Labor Market Research ECO 205 Week 6 CheckPoint Industry Research Part III • Write a 700- to 1,050-word paper, in which you complete the following: • Address which factors may influence the supply and demand for nurses. • Discuss how a nurse’s pay is determined and how the salary is structured. • Discuss what your chosen state can do to increase the supply of nurses. • Locate two sources to help you answer the following questions about the industry you chose. • Describe any current or past news events related to wage inequality in your chosen industry. • What was the industry’s method for determining that there was an inequality? Explain.
ECO 205 UOP Tutorial ECO 205 Week 7 CheckPoint Calculation of the Consumer Price Index (appendix D) ECO 205 week 7 DQ 1 and DQ 2 • Complete the following questions: • List the five steps that the BLS follows to calculate the CPI. • Explain the three problems associated with the calculation of the CPI. • The fifth step of calculating the CPI computes the inflation rate. The inflation rate is a very important measure of how well our economy is doing. • Discussion Question (Main forum) • Due Date: Day 2 • Post a response to the following: The Gross Domestic Product is a very important measure of how well the economy is doing. How is the GDP calculated? What are the three ways in measuring GDP? Define final good and intermediate good and give an example of each.
ECO 205 UOP Tutorial ECO 205 Week 8 CheckPoint Industry Research Part IV (appendix B) ECO 205 Week 8 Federal Reserve, Banking, and Inflation • Locate two sources and summarize the articles to help you answer the following questions about the industry you chose: • How have these policies affected the employment rates for your chosen industry? • How have these policies affected the growth of the industry? • How have these policies affected the prices of the product the industry produces? • Create a Microsoft© PowerPoint® presentation with 10 to 12 slides addressing the following questions: • Why was the Federal Reserve created? What are its essential functions? • Who are the decision makers of the Federal Reserve? How do these people obtain these positions?
ECO 205 UOP Tutorial ECO 205 Week 9 capstone DQ ECO 205 Week 9 Final Project Industry Research Completion • Capstone Discussion Question • Due Date: Day 3 (Main forum) Minimum of 200 words • What are the most important concepts you have learned in this course? How can you apply them to your life? What difference can these concepts or tools make in your everyday life? • Write a 1,750- to 2,450-word paper that provides an economic profile of the industry you have researched. Use the research that you have already compiled through the Industry Research Checkpoint to help complete the paper. In your paper, discuss how the following affect the industry.