ECO 205 ECO205 ECO/205 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX

ECO 205 ECO205 ECO/205 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX

1.     CheckPoint: Principles of Economics

·         Due Date:  Day 6 (Individual forum)

·         CompleteQuestion 16 under Problems and Applications in Ch. 1 of Principles of Economics.

·         Findthree current articles about the economy on http://www.economist.com or any business news website.

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

Note. Disregard the last part of Question 16 that asks you to look at the table of contents.

ECO 205 ECO205 ECO/205 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX

1.     Discussion Question 1

Due Date: Day 2 (Main forum)

·         Post your response to the following:  The principles of economics influence your decision-making, interaction with others, and the economy as a whole. Provide 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?

2.     Discussion Question 2

Due Date:  Day 4 (Main forum)

·         Post your response to the following:  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? Define positive and normative analysis and use these terms in your answer.

ECO 205 ECO205 ECO/205 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX

1.     CheckPoint: Industry Research Part I

Due Date:  Day 4 (Individual forum)
You will demonstrate information literacy through preparing and gathering information for the activity due this week.  There will be four Industry Research Checkpoints that will build toward your Final Project.  You will be using the same industry for each one.

·         Select an industry that is affected by the economy, such as the airline, automotive, home building, or technological industry.You may pick an industry of your choice. Keep in mind that you must use the industry chosen throughout the course. Post the industry that you are using to your Individual forum, so that I know what industry you chose.

·         Find at least two sources to help you answer the following questions about the industry you chose and complete the following questions:

o    Summarize the articles and discuss your chosen industry in the summary.

o    Define price elasticity of demand. Is the price elasticity of demand of your industry considered elastic or inelastic? Are there substitutes available? Is the good a luxury or a necessity? 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.