ECO 212 Complete Class

ECO 212 Complete Class

ECO 212 Entire Class Week 1-5 Includes All Individual and Team Assignments - No DQs

ECO 212 Week 1 Individual Assignment - How People Make Economic Decisions

•Resources: Principles of Economics textbook, articles, and personal experience.

•Write a 350- to 700-word paper in which you address the following:

• List and briefly explain the four principles of individual decision-making.


• Provide an example of a decision in which you compared the marginal benefits and the marginal costs associated with that decision.


• What were the marginal benefits and marginal costs associated with that decision?


• What incentives could have led you to make a different decision?


• Explain how the principles of economics affect decision-making, interaction, and the workings of the economy as a whole.

•Cite your references appropriately. If you used an electronic source, include the URL. If you used a printed source, attach a copy of the data to your paper.

•Format your paper consistent with APA guidelines.

 

ECO 212 Week 2 Individual Assignment - Supply, Demand and Price Elasticity Quiz

Resources: Principles of Economics textbook and Tomlinson Economics Videos

•Prepare to take the Supply, Demand and Price Elasticity Quiz.

ECO 212 Week 2 Learning Team Assignment - Supply and Demand and Price Elasticity Paper

Learning Team Assignment: Supply and Demand and Price Elasticity Paper

•Resources: Principles of Economics textbook and Tomlinson Economics Videos

•Review the following Tomlinson Economics Videos available on your student Web site:

• Demand (4.2-1 to 4.2-5)


• Supply (4.3-1 to 4.3-5)


• Putting Supply and Demand Together (4.4-1 to 4.4.-3)

•Write a 700- to 1,050-word paper summarizing the content presented in the videos. In the paper, be sure to address the following:

• Explain what causes changes in supply and demand.


• Determine how changes in price and quantity influence market equilibrium.


• Describe how the necessity of a good and the availability of substitutions affect price elasticity.


• Compare and contrast market systems and the role of an economist within these systems.

•Cite your references appropriately. If you used an electronic source, include the URL. If you used a printed source please attach a copy of the data to your paper.

•Format your paper consistent with APA guidelines.

 

ECO 212 Week 3 Team Assignment - Differentiating Between Market Structures Paper

Learning Team Assignment: Differentiating Between Market Structures Table and Paper

•Resources: Principles of Economics textbook, articles, and Tomlinson Economics Videos

•Prepare the Market Structures Table and Paper based on your learning, readings, and videos.

•Complete Part I: Differentiating Between Market Structures Table

oPrepare a table that describes the characteristics of competitive markets, monopolies, and oligopolies. Format the table as follows:

•Column headings must be the four market structures.

•Row headings must explain the basis for your market characterization.

Perfect competition MonopolyMonopolistic CompetitionOligopoly

An example of an organization

Goods or services produced by the organization

Barriers to entry

Numbers of organizations

Price elasticity of demand

Economic profits: Is there a presence of economic profits? (Yes or no)

•Complete Part II: Differentiating Between Market Structures Paper

oWrite a 1,050- to 1,400-word paper summarizing the content of the table. Address the following questions:

•Compare and contrast public goods, private goods, common resources, and natural monopolies.

•Explain how labor market equilibrium is affected by the supply and demand of labor.

•Select an organization with which you are familiar and identify the market structure of that organization. Evaluate the effectiveness of this structure for the organization.

•For your selected organization, summarize the factors that affect labor supply and demand.

•Cite your references appropriately. If you used an electronic source, include the URL. If you used a printed source please attach a copy of the data to your paper.

•Format your paper consistent with APA guidelines.

 

ECO 212 Week 4 Individual Assignment - Measuring Economic Health Memo

•Resources: Principles of Economics textbook and Tomlinson Economics Videos

•Write a 350- to 700-word memo addressing the following:

• Describe the use of Gross Domestic Product (GDP) to measure the business cycle.


• Describe the roles of government bodies that determine national fiscal policies.


• Explain the effects of fiscal policies on the economy’s production and employment. How do changes in government spending and taxes positively or negatively affect the economy’s production and employment?

•Format your paper consistent with APA guidelines.

 

ECO 212 Week 5 Individual Assignment - Federal Reserve Paper

Resources: U.S. Federal Reserve Web site

Locate the section for Monetary Policy and the section for Monetary Policy Report to the Congress, from the U.S. Federal Reserve Web site http://www.federalreserve.gov

Read the most recent report by the Federal Reserve Chairman.

Write a 700- to 1,050-word paper on the U.S. Federal Reserve’s monetary policy that addresses the following points:

• Define the purpose and function of money


• Explain how the central bank manages a nation’s monetary system.


• Outline the stated direction of recent monetary policy in the United States.


• List at least one policy action that the Federal Reserve has taken to confirm that direction.


• Explain the effects of monetary policies on the economy’s production and employment.

•Cite your references appropriately. If you used an electronic source, include the URL. If you used a printed source please attach a copy of the data to your paper.

•Format your paper consistent with APA guidelines.

 

ECO 212 Week 5 Learning Team Assignment - International Trade Simulation and Report

•Resources: Applying International Trade Concepts simulation and Principles of Economics

•Write a 1,050- to 1,750-word report in which you address the following:

• List at least one advantage and one limitations of International Trade as identified in the simulation.


• Identify four key points from the reading assignments that were emphasized in the simulation.


• Define absolute and comparative advantage.


• Describe the influences affecting foreign exchange rates.


• As a team, debate the issues surrounding international trade.


• For each member of the team, what were the Concept Summary results for the assessment?


• As a team, evaluate the effects of government policy on economic behavior.

oGo to the World Trade Organization website (www.WTO.org) to address the following: What is the WTO? Briefly describe one trade topic identified by the WTO on the website. And, what did you learn from the Web site about the WTO?

•Cite your references appropriately. If you used an electronic source, include the URL. If you used a printed source please attach a copy of the data to your paper.

•Format your paper consistent with APA guidelines.

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ECO 212 Complete Class