Category Archives: ECO 205

ECO 205 Week 4 CheckPoint International Trade Debate Part II

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Debate a classmate’s position to Part 1 of the CheckPoint.
Write a 200- to 300-word essay arguing the opposite position of your classmate. Use suggestions from Part I to guide your responses.

Post II as a Microsoft© Word attachment.

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ECO 205 Week 9 Final Project Industry Research Completion

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Resource: Appendix A
· Write a 1,750- to 2,450-word paper in APA format that provides an economic profile of the industry you have researched. In your paper, discuss how the following impact the industry.

Shifts and price elasticity of supply and demand

Positive and negative externalities

Wage inequality

Monetary and fiscal policies

Conclude your paper with final thoughts on:

How the economy affects the success of your chosen industry

Economic influences that can affect the industry in a negative way

Post your paper as a Microsoft© Word attachment.

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ECO 205 Week 8 CheckPoint Industry Research Part IV

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Resource: Appendix B
· Research monetary and fiscal policies that have affected your chosen industry.
· Find two sources to help you answer the following questions about the industry you chose:

How have these policies affected the employment rates for your chosen industry?

How have these policies affected the growth of the industry?

How have these policies affected the prices of the product the industry produces?

Organize your research for this week using the annotated bibliography template in Appendix B. Include APA-formatted references and a summary of the major points in the articles or Web sites.

Post Appendix B as an attachment.

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ECO 205 Week 7 DQ 1 And DQ 2

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Week 7 DQ 1

What are the advantages and disadvantages of using the Gross Domestic Product (GDP) as a measure of productivity and economic health? Explain your answers.

Week 7 DQ 2

Discuss the relationship between the level of GDP and economic well-being. What factors of well-being are missing from the GDP? Is there a point where the GDP could increase to such a high level that economic well-being could be compromised? If so, describe some of the opportunity costs associated with maximizing the GDP.

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ECO 205 Week 7 CheckPoint Calculation of the Consumer Price Index

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The Bureau of Labor Statistics follows five steps to calculate Consumer Price Index.

Resource: Ch. 24 (pp. 520-522) of Principles of Economics and Appendix D

Review Appendix D. Using the chart provided, identify three strengths and three weaknesses of the calculation.

Post a 200- to 300-word response that answers the following questions once your chart is complete:

What are the characteristics of the items listed as strengths?

What are the characteristics of the items listed as weaknesses?

If the CPI is imperfect, why do we use it?

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ECO 205 Week 6 CheckPoint Industry Research Part III

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Resource: Appendix B

Research how wage inequality is measured and if it is present in your chosen industry.

Find two sources to help you answer the following questions about the industry you chose.

Describe any current or past news events related to wage inequality in your chosen industry.

What was the industry’s method for determining that there was an inequality? Explain.

Organize your research for this week using the annotated bibliography template in Appendix B. Include APA-formatted references and a summary of the major points in the articles or Web sites.

Post Appendix B as an attachment.

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ECO 205 Week 6 Assignment Labor Market Research

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In the first chapter of the text we discussed the 10 principles of economics. Two principles that help explain how wages are determined in a market economy are #1, People Face Tradeoffs, and #7, Governments Can Sometimes Improve Market Outcomes (Mankiw, 2004). Consider these principles when completing your assignment. Think of how they apply to the labor market for nurses.

Research the labor market for any state to determine how nursing wages are calculated.Use the Internet for this research.

Write a 700- to 1,050-word paper in APA format, in which you:

Cite the state and the URL of the Web site used in your research.

Address which factors may influence the supply and demand for nurses.

Discuss how a nurse’s pay is determined and how the salary is structured.

Discuss what your chosen state can do to increase the supply of nurses.

Include at least one appropriately cited and documented quotation to support a point.

Include at least one appropriately cited and documented paraphrase to support a point.

Post your paper as a Microsoft© Word attachment.

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ECO 205 Week 5 DQ 1 And DQ 2

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Week 5 DQ 1

Since the September 11th attack there has been an increase in the demand for security personnel—police, air marshals, airport security, etc. How do you think the higher demand has affected the equilibrium wage? In which direction do you think the labor supply and demand shifted? Explain your reasoning.

Week 5 DQ 2

Describe two factors that affect labor supply and two factors that affect labor demand. Using economic principles, describe how changes in the labor market have affected you or someone you know.

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ECO 205 Week 5 CheckPoint Labor Market Scenario

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CheckPoint: Labor Market Scenario

Write a scenario that would cause a shift in labor supply and demand. The following areas have had high job growth rates and can be used for your scenario: transportation, insurance, technology, and health care industries.

Post a 200- to 300–word response that focuses on the following:

What is the area of employment?

Why has this shift occurred?

In what direction would the shift in labor supply and demand go?

What would be its effect on the equilibrium of the labor market?

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