ECO 205 UOP Course Tutorial / eco205dotcom

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ECO 205 Entire Course

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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 ECO 205 Week 4 CheckPoint International Trade Debate Part I ECO 205 Week 4 CheckPoint International Trade Debate Part II ECO 205 Week 4 Assignment Taxation ECO 205 Week 5 CheckPoint Labor 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

ECO 205 Week 1 CheckPoint Principles of Economics

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  1. CheckPoint: Principles of Economics • Due Date: Day 6 (Individual forum) • Complete Question 16 under Problems and Applications in Ch. 1 of Principles of Economics. • 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.

Note. Disregard the last part of Question 16 that asks you to look at the table of contents.

ECO 205 Week 1 DQ 1 and DQ 2

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  1. 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?

ECO 205 Week 2 Assignment Supply and Demand (appendix C)

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  1. Assignment: Supply and Demand Due Date: Day 7 (Individual forum) • Visit the 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.

ECO 205 Week 2 CheckPoint Industry Research Part I

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  1. CheckPoint: Industry Research Part I Due Date: Day 4 (Individual forum) 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.

ECO 205 Week 3 CheckPoint Industry Research Part II (appendix B)

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  1. CheckPoint: Industry Research Part II Due Date: Day 6 (Individual forum) • 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?

ECO 205 Week 3 DQ 1 and DQ 2

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  1. Discussion Question 1 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.

ECO 205 Week 4 Assignment Taxation

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Assignment: Taxation Due Date: Day 7 (Individual Forum) • Choose a good (product) that is taxed. For example, you could look at the taxation of alcohol.

• Locate at least two articles that discuss the local, state, or federal taxation of a good.

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?

ECO 205 Week 4 CheckPoint International Trade Debate Part II

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• CheckPoint: International Trade Debate Part II

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.

ECO 205 Week 4 CheckPoint International Trade Debate Part I

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• CheckPoint: International Trade Debate Part I Due Date: Day 3 [Individual] forum 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 5 CheckPoint Labor Market Scenario

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  1. CheckPoint: Labor Market Scenario 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.

ECO 205 Week 5 DQ 1 and DQ 2

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  1. Discussion Question 1 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 Week 6 Assignment Labor Market Research

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  1. Assignment: Labor Market Research Due Date: Day 7 (Individual forum) The first chapter of Principles of Economics discussed the 10 principles of economics. Two principles that help explain how wages are determined in a market economy are #1, People Face Tradeoffs, and #7, Governments Can Sometimes Improve Market Outcomes (Mankiw, 2004). Consider these principles when completing your assignment. Think of how they apply to the labor market for nurses.

ECO 205 Week 6 CheckPoint Industry Research Part III

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  1. CheckPoint: Industry Research Part III Due Date: Day 4 (Individual Forum) • Research wage inequality and see if it is present in your chosen industry. • Locate two sources to help you answer the following questions about the industry you chose.

o Describe any current or past news events related to wage inequality in your chosen industry. o What was the industry’s method for determining that there was an inequality? Explain.

ECO 205 Week 7 CheckPoint Calculation of the Consumer Price Index (appendix D)

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  1. CheckPoint: Calculation of the Consumer Price Index (CPI) Due Date: Day 6 (Individual forum) The Consumer Price Index (CPI) is a measure of the overall cost of the goods and services bought by a typical consumer. Each month, the Bureau of Labor Statistics follows five steps to calculate Consumer Price Index. 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.

ECO 205 Week 7 DQ 1 and DQ 2

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  1. 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 Week 8 CheckPoint Industry Research Part IV (appendix B)

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  1. CheckPoint: Industry Research Part IV Due Date: Day 4 (Individual forum) • Research monetary and fiscal policies that have affected your chosen industry. • Locate two sources and summarize the articles to help you answer the following questions about the industry you chose:

o How have these policies affected the employment rates for your chosen industry?

ECO 205 Week 8 Federal Reserve, Banking, and Inflation

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  1. Assignment: Federal Reserve, Banking, and Inflation Due Date: Day 7 (Individual forum) • Resources: Ch. 29 & 30 of Principles of Economics, “Fed Official Expects Growth,” and “Are Inflation Expectations Rising from the Ashes?”

• Read the articles “Fed Official Expects Growth” at http://pittsburghlive.com/x/tribune-review/business/s_385893.html,and “Are Inflation Expectations Rising from the Ashes?” at http://research.stlouisfed.org/publications/mt/20051101/cover.pdf

ECO 205 Week 9 capstone DQ

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  1. 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?

ECO 205 Week 9 Final Project Industry Research Completion

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Final Project: Industry Research Completion Due Date: Day 7 (Individual forum) • 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.

o Shifts and price elasticity of supply and demand o Positive and negative externalities o Wage inequality o Monetary and fiscal policies