ECO 100 Tutorials / asheco100dotcom

1. ECO 100 Tutorials / eco100dotcom

2. ECO 100 Tutorials ECO 100 Entire Course ECO 100 Entire Course • ECO 100 Week 1 DQ 1 Marginal Cost & Marginal Benefit • ECO 100 Week 1 DQ 2 Self Interest • ECO 100 Week 2 DQ 1 Supply, Demand & Equilibrium • ECO 100 Week 2 DQ 2 Private Property • ECO 100 Week 3 DQ 1 Coprporations • ECO 100 Week 3 DQ 2 Oligopolies • ECO 100 Week 4 DQ 2 GDP and Recession • ECO 100 Week 5 DQ 1 Basic Functions of Money • ECO 100 Week 5 DQ 2 Central Bank System • ECO 100 Week 1 Essay Answer question #4 from chapter 1, page 24 of the text • ECO 100 Week 2 Essay Answer question #4 on Chapter 4, page 100 of the text • ECO 100 Week 3 Essay Answer question #1 on chapter 8, page 201 of the text

3. ECO 100 Tutorials ECO 100 Week 1 DQ 1 Marginal Cost & Marginal Benefit ECO 100 Week 1 DQ 2 Self Interest no • Marginal Cost & Marginal Benefit • Cite three examples of recent decisions that you made in which you weighed marginal cost and marginal benefit. (Make sure these are socially acceptable and appropriate for sharing in a public forum.) Explain in 200 words. Respond to at least three of your classmates’ postings. • Self Interest • How does self-interest help achieve society's economic goals? Why is there such a wide variety of desired goods and services in a market?

4. ECO 100 Tutorials ECO 100 Week 2 Essay Answer question ECO 100 Week 2 DQ 1 Supply, Demand & Equilibrium • Week Two Essay • Answer question #4 on Chapter 4, page 100 of the text: "You are chairperson of a state tax commission responsible for establishing a program to raise new revenue through excise taxes. • Supply, Demand & Equilibrium • Professional Sport players generally are paid much more than farmers, factory workers, engineers, and teachers. The markets for the professional sports players, farmers, factory workers, engineers and teachers are generally competitive markets.

5. ECO 100 Tutorials ECO 100 Week 2 DQ 2 Private Property ECO 100 Week 3 Essay Answer question #1 on chapter 8, page 201 of the text • Private Property • Why is private property, and the protection of property rights, so crucial to the success of the market system? Fully explain your reasoning in at least 200 words. Respond to at least two of your fellow students' postings. • Week Three Essay • Answer question #1 on chapter 8, page 201 of the text: "'No firm is completely sheltered from rivals; all firms compete for consumer dollars. If that is so, then pure monopoly does not exist.' Do you agree? Explain." In one to three pages, fully explain your answer in a way that shows your understanding of “monopolies.”

6. ECO 100 Tutorials ECO 100 Week 3 DQ 1 Coprporations ECO 100 Week 3 DQ 2 Oligopolies • Corporations • What major advantages of corporations have given rise to their dominance as form of business organization? Fully support your position in at least 200 words. Respond to at least three of your classmates’ postings. • Oligopolies • What is an “oligopoly” and why do they exist? List 3 or 4 oligopolies whose products you own or regularly purchase. What distinguishes oligopoly from monopolistic competition? Fully support your position in at least 200 words. Respond to at least three of your classmates’ postings.

7. ECO 100 Tutorials ECO 100 Week 4 DQ 1 Unemployment Rates and Human Capital 3a ECO 100 Week 4 DQ 2 GDP and Recession 2 • Unemployment Rates and Human Capital • Why might an increase of the minimum wage in the United States impact unemployment rates? How might earning a college degree increase lifetime earnings and employability? Relate your answer to elasticity of labor demand. • GDP and Recession • What is “Gross Domestic Product” (GDP), and how is it determined each month? What does the term “Recession” mean and how do we know when one occurs? How does government intervene to move the economy out of a recession?

8. ECO 100 Tutorials ECO 100 Week 5 DQ 1 Basic Functions of Money no ECO 100 Week 5 DQ 2 Central Bank System • Basic Functions of Money • What are the three basic functions of money? Describe how rapid inflation can undermine money’s ability to perform each of the three functions. Fully support your position in at least 200 words. Respond to at least three of your classmates’ postings. • Central Bank System • Explain the role of the Federal Reserve System and the 12 Federal Reserve Banks. Discuss the Federal Open Market Committee (FOMC) and the Federal Funds Rate. What do they do to manage the economy and the money supply?

9. ECO 100 Tutorials