ECO100
ECO 100 Week 1 DQ 1 Marginal Cost & Marginal Benefit
Cite three examples of recent decisions that you made in which you weighed marginal cost and marginal benefit. (Make sure 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 services in a market? In what ways are entrepreneurs and businesses at the helm of the economy but commanded by consumers? Explain in 200 words. Respond to at least
three of your classmates' postings
ECO 100 Week 1 Essay Answer question 4 from chapter 1
Central Bank System
Explain the role of the Federal Reserve System and the 12 Federal Reserve Banks. Discuss the Federal Open Market Committee (FOMC) and the Federal Funds Rate. What do they do to manage the economy and the money supply? How do they control inflation and deflation? Fully
support your position in at least 200 words. Respond to at least three of your classmates’ postings.
ECO 100 Week 2 DQ 1 Supply, Demand & Equilibrium
Professional Sport players generally are paid much more than farmers, factory workers, engineers, and teachers. The markets for the professional sports players, farmers, factory workers, engineers and teachers are generally competitive markets. Even among professional sport players, the
salaries for players in some sports are generally significantly higher than the salary in some other sports. How does this make sense using supply and demand in a market in equilibrium? Fully explain 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 rights, so crucial to the success of the market system? Fully explain your reasoning in at least 200 words. Respond to at least two 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 establishing a program to raise new revenue through excise taxes. Why would elasticity of demand be important to you in determining the products on which the taxes
should be levied?". 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 their dominance as form of business organization? Fully support your position in at least 200 words. Respond to at least three of your classmates’ postings.
ECO 100 Week 3 DQ 2 Oligopolies
What is an “oligopoly” and why do they exist? List 3 or 4 oligopolies 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 least 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 firm 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 explain your answer in a way that shows
your understanding of “monopolies.”
ECO 100 Week 4 DQ 1 Unemployment Rates and Human Capital
Why might an increase of the minimum wage in the United States impact unemployment rates? How might earning a college degree increase lifetime earnings and employability? Relate 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 Recession
What is “Gross Domestic Product” (GDP), and how is it determined each month? What does the term “Recession” mean and how do we know when one occurs? How does government intervene to move the economy out of a recession? Fully support 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: "Briefly discuss the major causes of income inequality. What factors have contributed to greater income inequality since 1970?". In one to three pages, fully explain your answer in a way that shows your understanding of “income
inequality and poverty
ECO 100 Week 5 DQ 1 Basic Functions of Money
Basic Functions of Money
What are the three basic functions of money? Describe how rapid inflation can undermine money’s ability to perform each of the three functions. Fully support your position in at least 200 words. Respond to at least three of your classmates’ postings.
ECO 100 Week 5 DQ 2 Central Bank System
Explain the role of the Federal Reserve System and the 12 Federal Reserve Banks. Discuss the Federal Open Market Committee (FOMC) and the Federal Funds Rate. What do they do to manage the economy and the money supply? How do they control inflation and deflation? Fully
support your position in at least 200 words. Respond to at least three of your classmates’ postings.