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ECO 100 ENTIRE COURSE

ECO 100 Week 1 DQ 1 Marginal Cost & Marginal Benefit


ECO 100 Week 1 DQ 2 Self Interest
ECO 100 Week 2 DQ 1 Supply, Demand & Equilibrium
ECO 100 Week 2 DQ 2 Private Property
ECO 100 Week 3 DQ 1 Coprporations
ECO 100 Week 3 DQ 2 Oligopolies
ECO 100 Week 4 DQ 1 Unemployment Rates and Human Capital
ECO 100 Week 4 DQ 2 GDP and Recession
ECO 100 Week 5 DQ 1 Basic Functions of Money
ECO 100 Week 5 DQ 2 Central Bank System
ECO 100 Week 1 Essay Answer question #4 from chapter 1, page
24 of the textECO 100 Week 1 DQ 1 Marginal Cost & Marginal Be
nefit
ECO 100 Week 1 DQ 2 Self Interest

ECO 100 WEEK 1 DQ 1 MARGINAL COST A


ND MARGINAL BENEFIT

Cite three examples of recent decisions that you made in whi


ch you weighed marginal cost and marginal benefit. (Make s
ure these are socially acceptable and appropriate for sharing
in a public forum.) Explain in 200 words. Respond to at least
three of your classmates postings.

ECO 100 WEEK 1 DQ 2 SELF INTEREST

How does self-interest help achieve society's economic goals


? Why is there such a wide variety of desired goods and servi
ces in a market? In what ways are entrepreneurs and busine
sses at the helm of the economy but commanded by consum
ers? Explain in 200 words. Respond to at least three of your c
lassmates' postings

ECO 100 WEEK 1 ESSAY ANSWER QUESTIO


N 4 FROM CHAPTER 1 PAGE 24 OF THE TE
XT

Answer question #4 from chapter 1, page 24 of the text: "Wh


at is meant by the term 'utility,' and how does it relate to pur
poseful behavior?". In one to three pages, fully explain your
answer in a way that shows your understanding of utility a
nd human behavior.

ECO 100 WEEK 2 DQ 1 SUPPLY, DEMAN


D AND EQUILIBRIUM

Professional Sport players generally are paid much more tha


n farmers, factory workers, engineers, and teachers. The mar
kets for the professional sports players, farmers, factory wor
kers, engineers and teachers are generally competitive mark
ets. Even among professional sport players, the salaries for p
layers in some sports are generally significantly higher than t
he salary in some other sports. How does this make sense us
ing supply and demand in a market in equilibrium? Fully expl
ain your reasoning in at least 200 words. Respond to at least
two of your fellow students' postings.

ECO 100 WEEK 2 DQ 2 PRIVATE PROPERTY

Why is private property, and the protection of property right


s, so crucial to the success of the market system? Fully explai
n your reasoning in at least 200 words. Respond to at least t
wo of your fellow students' postings.

ECO 100 WEEK 2 ESSAY ANSWER QUESTION 4


ON CHAPTER 4, PAGE 100 OF THE TEXT

Answer question #4 on Chapter 4, page 100 of the text: "You


are chairperson of a state tax commission responsible for es
tablishing a program to raise new revenue through excise ta
xes. Why would elasticity of demand be important to you in
determining the products on which the taxes should be levie
d?". In one to three pages, fully explain your answer in a way
that shows your understanding of elasticity of demand.

ECO 100 WEEK 3 DQ 1 COPRPORATIONS

What major advantages of corporations have given rise to th


eir dominance as form of business organization? Fully suppo
rt your position in at least 200 words. Respond to at least thr
ee of your classmates postings.

ECO 100 WEEK 3 DQ 2 OLIGOPOLIES

What is an oligopoly and why do they exist? List 3 or 4 oligo


polies whose products you own or regularly purchase. What
distinguishes oligopoly from monopolistic competition? Fully
support your position in at least 200 words. Respond to at le
ast three of your classmates postings.

ECO 100 WEEK 3 ESSAY ANSWER QUESTION 1


ON CHAPTER 8, PAGE 201 OF THE TEXT

Answer question #1 on chapter 8, page 201 of the text: "'No f


irm is completely sheltered from rivals; all firms compete for
consumer dollars. If that is so, then pure monopoly does not
exist.' Do you agree? Explain." In one to three pages, fully ex
plain your answer in a way that shows your understanding of
monopolies.

ECO 100 WEEK 3 ESSAY ANSWER QUESTION 1


ON CHAPTER 8, PAGE 201 OF THE TEXT

Answer question #1 on chapter 8, page 201 of the text: "'No f


irm is completely sheltered from rivals; all firms compete for
consumer dollars. If that is so, then pure monopoly does not
exist.' Do you agree? Explain." In one to three pages, fully ex
plain your answer in a way that shows your understanding of
monopolies.

ECO 100 WEEK 4 DQ 1 UNEMPLOYME


NT RATES AND HUMAN CAPITAL

Why might an increase of the minimum wage in the United S


tates impact unemployment rates? How might earning a coll
ege degree increase lifetime earnings and employability? Rel
ate your answer to elasticity of labor demand. Fully support
your position in at least 200 words. Respond to at least three
of your classmates postings.

ECO 100 WEEK 4 DQ 2 GDP AND RECESSIO


N

What is Gross Domestic Product (GDP), and how is it deter


mined each month? What does the term Recession mean a
nd how do we know when one occurs? How does governmen
t intervene to move the economy out of a recession? Fully su
pport your position in at least 200 words. Respond to at least
three of your classmates postings

ECO 100 WEEK 4 ESSAY ANSWER QUESTION 5


ON CHAPTER 11, PAGE 278 OF THE TEXT

Answer question #5 on chapter 11, page 278 of the text: "Bri


efly discuss the major causes of income inequality. What fact
ors have contributed to greater income inequality since 197
0?". In one to three pages, fully explain your answer in a way
that shows your understanding of income inequality and po
verty

ECO 100 WEEK 5 DQ 1 BASIC FUNCTIONS OF


MONEY

What are the three basic functions of money? Describe how r


apid inflation can undermine moneys ability to perform eac
h of the three functions. Fully support your position in at lea
st 200 words. Respond to at least three of your classmates p
ostings.

ECO 100 WEEK 5 DQ 2 CENTRAL BANK SYS


TEM

Explain the role of the Federal Reserve System and the 12 Fe


deral Reserve Banks. Discuss the Federal Open Market Com
mittee (FOMC) and the Federal Funds Rate. What do they do
to manage the economy and the money supply? How do the
y control inflation and deflation? Fully support your position
in at least 200 words. Respond to at least three of your class
mates postings.

ECO 100 MASTER EXPECT SUCCESS\ECO100M


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