ECO 205 UOP Tutorial / Uoptutorial

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

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ECO 205 Week 1 CheckPoint Principles of Economics

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1.CheckPoint: Principles of Economics

Due Date: Day 6 (Individual forum)

CompleteQuestion 16 under Problems and Applications in Ch. 1 of Principles of Economics.

Findthree 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.

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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)

Visitthe 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.

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.

PostAppendix C as an attachment.

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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.

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.

Find at least two sources to help you answer the following questions about the industry you chose and complete the following questions:

o Summarize the articles and discuss your chosen industry in the summary.

o Define price elasticity of demand. Is the price elasticity of demand of your industry considered elastic or inelastic? Are there substitutes available? Is the good a luxury or a necessity? Explain.

Review Appendix B Example for model entry.

Organize your research for this week using the annotated bibliography template in Appendix B. For each entry in the annotated bibliography, include an APA-formatted reference and a summary of the major points in the article or Web site.

Post Appendix B as an attachment.

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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?

o Research whether the industry produces public goods or private goods, or is a natural monopoly. Are the goods or resources rival, excludable, or neither? Explain.

Organize your research for this week using the annotated bibliography template in Appendix B.

Include APA-formatted references and a summary of the major points in the articles or Web sites.

Post Appendix B as an attachment.

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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?

3) Which local, state, or federal tax are you writing about?

4) Is the tax levied on the producers or consumers? Explain.

5) How does the tax affect supply or demand? Explain.

6) How does the tax affect the equilibrium price and quantity?

7) In this market, describe a hypothetical situation where a price ceiling or floor could be imposed. What implications would this have for the market?


8) Conclude your thoughts.

Reference at least two articles and follow APA guidelines.

Include detailed speaker’s notes.

Post your presentation as a Microsoft® PowerPoint® attachment.

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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.

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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.

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ECO 205 Week 5 CheckPointLabor 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.

Post a 200- to 300–wordresponse that focuses on the following:

o What is the area of employment?

o Why has this shift occurred?

o In what direction would the shift in labor supply and demand go?

o What would be its effect on the equilibrium of the labor market?

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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.

Research the labor market for any state to determine how nursing wages are calculated. Use the Internet for this research.

Write a 700- to 1,050-word paper, in which you complete the following:

o Address which factors may influence the supply and demand for nurses.

o Discuss how a nurse’s pay is determined and how the salary is structured.

o Discuss what your chosen state can do to increase the supply of nurses.

o Describe how your information relates to Principle #1 and #7. Be specific and make sure to refer to the principles.

o Include at least one appropriately cited and documented quotation to support a point.

o Include at least one appropriately cited and documented paraphrase to support a point.

Format your paper according to APA standards.

Post your paper as an attachment.

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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.

Organize your research for this week using the annotated bibliography template in Appendix B.

Include APA-formatted references and a summary of the major points in the articles or Web sites.

Post Appendix B as an attachment.

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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.

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. Answer the following questions:

o Suppose the inflation rate is 4% (per year) and your income increases by 6% (per year). Are you better or worse off? Explain.

o Suppose the inflation rate is 8% (per year) and your income increases by 6% (per year). Are you better or worse off? Explain.

Format your paper according to APA standards.

Post your essay as a Microsoft© Word attachment.

Please note: You will not use Appendix D to complete your checkpoint.

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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?

o How have these policies affected the growth of the industry?

o How have these policies affected the prices of the product the industry produces?

Organize your research for this week using the annotated bibliography template in Appendix B.

Include APA-formatted references and a summary of the major points in the articles or Web sites.

Post Appendix B as an attachment.

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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.

Create a Microsoft© PowerPoint® presentation with 10 to 12 slides addressing the following questions:

o Why was the Federal Reserve created? What are its essential functions?

o Who are the decision makers of the Federal Reserve? How do these people obtain these positions?

o How does the Federal Reserve control the monetary system? Specifically, what tools does the Fed have to use?

o How do banks increase the money supply?

o How is inflation measured?

o What are the causes of inflation?

o Are natural disasters causes of inflation or deflation? Where might the public see the evidence?

o What are the costs of inflation?

o Why is inflation so widely feared?

Include detailed speaker’s notes.

Format your Presentation using APA guidelines.

Post your presentation as a Microsoft® PowerPoint® attachment.

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ECO 205 Week 9 Final Project Industry Research Completion

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1. 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

Use two sources for each topic for a total of eight sources. These sources should come from your Checkpoints.

Conclude your paper with final thoughts on the following:

o How the economy affects the success of your chosen industry

o Economic influences that can affect the industry in a negative way

Format your paper according to APA standards.

Post your paper as an attachment.

Discussion Questions

Discussion question responses will not count towards the class participation requirement and will be evaluated separately.

Only posts in the Main classroom forum will count towards your class participation score.

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