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1

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

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. Go 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?

Format your paper consistent with APA guidelines

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2

ECO 212 Week 5 DQ 3
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ECO 212 Week 5 DQ 3

What is the World Trade Organization? What does it do and why is it important to international trade?

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3

ECO 212 Week 5 DQ 2
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ECO 212 Week 5 DQ 2

What causes a currency to rise? What causes a currency to fall? How are currencies valued today?

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4

ECO 212 Week 5 DQ 1
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What are the terms of trade? Why are they important to consider in International Trade theory?

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5

ECO 212 Week 4 Individual Assignment Measuring Economic Health Memo
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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:

o Describe the use of Gross Domestic Policy (GDP) to measure the business cycle.

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

o 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?

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6

ECO 212 Week 4 DQ 3
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ECO 212 Week 4 DQ 3

What is the business cycle and what are its key stages? What stage of the business cycle are we currently in now?

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7

ECO 212 Week 4 DQ 2
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ECO 212 Week 4 DQ 2

What is Fiscal Policy? Who conducts Fiscal Policy, and how is it different from the Monetary Policy conducted by the Federal Reserve?

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8

ECO 212 Week 4 DQ 1
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ECO 212 Week 4 DQ 1

What is the Federal Reserve? How is it structured, what are some tools that it uses to conduct Monetary Policy?

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9

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

Prepare 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 Monopoly Monopolistic Competition Oligopoly
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

Write 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.

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10

ECO 212 Week 3 DQ 3
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ECO 212 Week 3 DQ 3

What is inflation? What is unemployment? Is there a relationship between the two?

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11

ECO 212 Week 3 DQ 2
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ECO 212 Week 3 DQ 2

What is Gross Domestic Product? What are its components? Which is the largest component, and what does this bode for our economy?

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12

ECO 212 Week 3 DQ 1
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ECO 212 Week 3 DQ 1

What is Macroeconomics? How does it differ from Microeconomics?

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13

ECO 212 Week 2 Learning Team Assignment Supply, Demand And Price Elasticity Paper
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ECO 212 Week 2 Learning Team Assignment Supply, 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.

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14

ECO 212 Week 2 DQ 3
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ECO 212 Week 2 DQ 3

What does the term “Marginal” mean? How is it applied in Microeconomics?

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15

ECO 212 Week 2 DQ 2
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ECO 212 Week 2 DQ 2

What is the Law of Diminishing Returns? What are the impacts to an organization when the Law takes effect?

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16

ECO 212 Week 2 DQ 1
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ECO 212 Week 2 DQ 1

What are the four Market Structures? Please list a distinguishing characteristic of each. Why should business managers understand this concept?

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17

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

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

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

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

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

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

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

o 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, follow the rules found on the Hyperlink located in the Course materials folder. Electronic and hard copy articles require the same treatment. They require the same information including but not limited to, author, publication, volume, issue (if available) and page number. Be sure to look articles up for complete information. Do not use Hyperlinks unless all required information is included. The hyperlink in the course materials folder includes access to APA V. 5 criteria for non-traditional citation formats.

Format your paper according to APA standards.

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18

ECO 212 Week 1 DQ 2
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ECO 212 Week 1 DQ 2

What is elasticity? What makes a product elastic? What makes a product inelastic?

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19

ECO 212 Week 1 DQ 1
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ECO 212 Week 1 DQ 1

What is Economics? How do you see it applied in your personal and professional endeavors?

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20

ECO 212 Complete Course
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ECO 212 Principles of Economics

ECO 212 Final Exam Guide

ECO 212 Week 1 DQ’s

ECO 212 Week 1 Individual How People Make Economic Decisions Paper

ECO 212 Week 2 DQ’s

ECO 212 Week 2 Individual Supply and Demand and Price Elasticity Quiz

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

ECO 212 Week 3 DQ’s

ECO 212 Week 3 Learning Team Differentiating Between Market Structures Table and Paper

ECO 212 Week 4 DQ’s

ECO 212 Week 4 Individual Measuring Economic Health Memo

ECO 212 Week 5 DQ’s

ECO 212 Week 5 Individual Federal Reserve Paper

ECO 212 Week 5 Learning Team International Trade Simulation and Report

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