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Flashcards in ECO 205 UOP Complete Class,ECO 205 UOP Assignment,ECO 205 UOP Course Deck (19):
1

ECO 205 Week 4 CheckPoint International Trade Debate Part II
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ECO 205 Week 4 CheckPoint International Trade Debate Part II
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Debate a classmate’s position to Part 1 of the CheckPoint.
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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2

ECO 205 Week 9 Final Project Industry Research Completion
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ECO 205 Week 9 Final Project Industry Research Completion
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Resource: Appendix A
· Write a 1,750- to 2,450-word paper in APA format that provides an economic profile of the industry you have researched. In your paper, discuss how the following impact the industry.

Shifts and price elasticity of supply and demand

Positive and negative externalities

Wage inequality

Monetary and fiscal policies

Conclude your paper with final thoughts on:

How the economy affects the success of your chosen industry

Economic influences that can affect the industry in a negative way

Post your paper as a Microsoft© Word attachment.

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3

ECO 205 Week 9 Capstone DQ
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ECO 205 Week 9 Capstone DQ
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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?

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4

ECO 205 Week 8 CheckPoint Industry Research Part IV
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ECO 205 Week 8 CheckPoint Industry Research Part IV
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Resource: Appendix B
· Research monetary and fiscal policies that have affected your chosen industry.
· Find two sources to help you answer the following questions about the industry you chose:

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

How have these policies affected the growth of the industry?

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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5

ECO 205 Week 7 DQ 1 And DQ 2
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ECO 205 Week 7 DQ 1 And DQ 2
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Week 7 DQ 1

What are the advantages and disadvantages of using the Gross Domestic Product (GDP) as a measure of productivity and economic health? Explain your answers.

Week 7 DQ 2

Discuss the relationship between the level of GDP and economic well-being. What factors of well-being are missing from the GDP? Is there a point where the GDP could increase to such a high level that economic well-being could be compromised? If so, describe some of the opportunity costs associated with maximizing the GDP.

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6

ECO 205 Week 7 CheckPoint Calculation of the Consumer Price Index
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ECO 205 Week 7 CheckPoint Calculation of the Consumer Price Index
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The Bureau of Labor Statistics follows five steps to calculate Consumer Price Index.

Resource: Ch. 24 (pp. 520-522) of Principles of Economics and Appendix D

Review Appendix D. Using the chart provided, identify three strengths and three weaknesses of the calculation.

Post a 200- to 300-word response that answers the following questions once your chart is complete:

What are the characteristics of the items listed as strengths?

What are the characteristics of the items listed as weaknesses?

If the CPI is imperfect, why do we use it?

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7

ECO 205 Week 6 CheckPoint Industry Research Part III
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ECO 205 Week 6 CheckPoint Industry Research Part III
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Resource: Appendix B

Research how wage inequality is measured and if it is present in your chosen industry.

Find two sources to help you answer the following questions about the industry you chose.

Describe any current or past news events related to wage inequality in your chosen industry.

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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8

ECO 205 Week 6 Assignment Labor Market Research
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ECO 205 Week 6 Assignment Labor Market Research
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In the first chapter of the text we 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 APA format, in which you:

Cite the state and the URL of the Web site used in your research.

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

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

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

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

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

Post your paper as a Microsoft© Word attachment.

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9

ECO 205 Week 5 DQ 1 And DQ 2
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ECO 205 Week 5 DQ 1 And DQ 2
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Week 5 DQ 1

Since the September 11th attack there has been an increase in the demand for security personnel—police, air marshals, airport security, etc. 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.

Week 5 DQ 2

Describe two factors that affect labor supply and two factors that affect labor demand. Using economic principles, describe how changes in the labor market have affected you or someone you know.

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10

ECO 205 Week 5 CheckPoint Labor Market Scenario
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ECO 205 Week 5 CheckPoint Labor Market Scenario
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CheckPoint: Labor Market Scenario

Write a scenario that would cause a shift in labor supply and demand. The following areas have had high job growth rates and can be used for your scenario: transportation, insurance, technology, and health care industries.

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

What is the area of employment?

Why has this shift occurred?

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

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

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11

ECO 205 Week 4 CheckPoint International Trade Debate Part I
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ECO 205 Week 4 CheckPoint International Trade Debate Part I
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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.



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12

ECO 205 Week 4 Assignment Taxation
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ECO 205 Week 4 Assignment Taxation
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Find two articles that discuss the local, state, or federal taxation of a good.

Write a 700- to 1,050-word paper in APA format describing the effects of taxation and price controls on the economy.

Is the tax levied on the producers or consumers?

How does the tax affect supply or demand?

How does the tax affect the equilibrium price and quantity?

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

Reference the articles you found in your paper.

Post your paper as a Microsoft© Word attachment.

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13

ECO 205 Week 3 DQ 1 And DQ 2
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ECO 205 Week 3 DQ 1 And DQ 2
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Week 3 DQ 1

What are some similarities and differences between monopolies and oligopolies? How would you classify Microsoft? How would you classify the power industry in your area? Explain your reasoning.

Week 3 DQ 2

Identify similarities and differences between common goods, public goods, private goods, and natural monopolies. Provide an example of each type of good and justify your answers. Discuss possible positive or negative externalities associated with each example. How do the externalities affect the economy?

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14

ECO 205 Week 3 CheckPoint Industry Research Part II
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ECO 205 Week 3 CheckPoint Industry Research Part II
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Resource: Appendix B

Find two sources to help you answer the following questions about the industry you chose.

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 impact the economy?

Research whether the industry produces public goods or private goods, or is a natural monopoly. Are the goods or resources rival, excludable, or either? 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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15

ECO 205 Week 2 CheckPoint Industry Research Part I
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ECO 205 Week 2 CheckPoint Industry Research Part I
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You will demonstrate information literacy through preparing and gathering information for the activity due this week.
Select an industry that is affected by the economy, such as the airline, automotive, home building, or technological industry. Keep in mind that you will use the industry chosen throughout the course.

Find at least two sources to help you answer the following questions about the industry you chose.

For what purpose were these sources created?

Who is the intended audience for these sources? What factors helped you identify the audience?

What specific criteria did you use to select these sources and to eliminate other potential sources?

In your chosen industry, is price elasticity of demand considered elastic or inelastic?

Are there substitutes available? Is the good a luxury or a necessity? Explain.

What is the price elasticity of supply for your chosen industry? 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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16

ECO 205 Week 2 Assignment Supply and Demand
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ECO 205 Week 2 Assignment Supply and Demand
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Resources: Appendix C and Interactive Activity: Supply and Demand

Visit http://www.bized.co.uk/learn/economics/markets/mechanism/interactive/part1.htm and 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.

Fill in the matrix and answer the questions in Appendix C. Describe how changes in price and/or quantity of various goods and services will affect either supply or demand and the equilibrium price. Use the graphs from the interactive activity as a tool to help you visualize the changes in price and quantity.

Post Appendix C as an attachment.

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17

ECO 205 Week 1 DQ 1 And DQ 2
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ECO 205 Week 1 DQ 1 And DQ 2
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Week 1 DQ 1

The principles of economics influence your decision making, interaction with others, and the economy as a whole. Give 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?

Week 1 DQ 2

Discuss similarities and differences in the roles economists play as policy advisors and as scientists. How would advice offered to policy makers differ depending on which role an economist assumes?

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18

ECO 205 Week 1 CheckPoint Principles of Economics
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ECO 205 Week 1 CheckPoint Principles of Economics
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Resource: Principles of Economics and Economist.com.

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.

Post a 200- to 300-word response identifying one unique principle for each article.

Note: Disregard the last part of question 16, asking you to look at the table of contents.

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19

ECO 205 Complete Class
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ECO 205 Complete Class
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ECO 205 Economic Theory

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