ECO 100 Uop Course Material - eco100dotcom

1. ECO 100 Uop Course Material - eco100dotcom

2. ECO 100 Uop Course Material ECO 100 Entire Course ECO 100 Week 1 DQ 1 Marginal Cost & Marginal Benefit • 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 1 Unemployment Rates and Human Capital • ECO 100 Week 4 DQ 2 GDP and Recession • ECO 100 Week 5 DQ 1 Basic Functions of Money • 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.

3. ECO 100 Uop Course Material ECO 100 Week 1 DQ 2 Self Interest no ECO 100 Week 1 Essay Answer question #4 from chapter 1, page 24 of the text • 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? In what ways are entrepreneurs and businesses at the helm of the economy but commanded by consumers? Explain in 200 words. Respond to at least three of your classmates' postings • Week One Essay • Answer question #4 from chapter 1, page 24 of the text: "What is meant by the term 'utility,' and how does it relate to purposeful behavior?". In one to three pages, fully explain your answer in a way that shows your understanding of “utility” and human behavior.

4. ECO 100 Uop Course Material ECO 100 Week 2 DQ 1 Supply, Demand & Equilibrium ECO 100 Week 2 DQ 2 Private Property • 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. Even among professional sport players, the salaries for players in some sports are generally significantly higher than the salary • 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.

5. ECO 100 Uop Course Material ECO 100 Week 2 Essay Answer question ECO 100 Week 3 DQ 1 Coprporations • 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. Why would elasticity of demand be important to you in determining the products on which the taxes should be levied?". In one to three pages, fully explain your • 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.

6. ECO 100 Uop Course Material ECO 100 Week 3 DQ 2 Oligopolies ECO 100 Week 3 Essay Answer question #1 on chapter 8, page 201 of the text • 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. • 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.”

7. ECO 100 Uop Course Material 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. Fully support your position in at least 200 words. Respond to at least three of your classmates’ postings. • 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? Fully support your position in at least 200 words. Respond to at least three of your classmates’ postings

8. ECO 100 Uop Course Material ECO 100 Week 4 Essay Answer question #5 on chapter 11, page 278 of the text ECO 100 Week 5 DQ 1 Basic Functions of Money no • Week Four Essay • Answer question #5 on chapter 11, page 278 of the text: "Briefly discuss the major causes of income inequality. What factors have contributed to greater income inequality since 1970?". In one to three pages, fully explain your answer in a way that shows your understanding of “income inequality and poverty • 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.

9. ECO 100 Uop Course Material ECO 100 Week 5 DQ 2 Central Bank System • 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? How do they control inflation and deflation? Fully support your position in at least 200 words. Respond to at least three of your classmates’ postings.

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