ECO 100 GUIDES Learn by Doing

ECO 100 GUIDES Learn by Doing
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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 1 DQ 1 Marginal Cost and Marginal Benefi
t
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,
page 24 of the text
nswer question #4 from chapter 1, page 24 of the text:
"What is meant by the term 'utility,' and how does it relate
to purposeful behavior?". In one to three pages, fully
explain your answer in a way that shows your
understanding of utility and human behavior.

ECO 100 Week 2 DQ 1 Supply, Demand and 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?

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, p
age 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, p
age 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
least 200 words. Respond to at least three of your
classmates postings.
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

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
What are the three basic functions of money? Describe
how rapid inflation can undermine moneys 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.

ECO 100 GUIDES Learn by Doing

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