XECO 212 UOP ENTIRE COURSE,XECO 212 UOP ENTIRE CLASS,XECO 212 UOP TUTORIAL,XECO 212 UOP ASSIGNMENT Flashcards
UOP XECO 212 Complete Class
XECO 212 Complete Class Principles of Economics Version 2
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UOP XECO 212 Week 1 CheckPoint A New House-Readiness
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Deciding to buy a house is a lifelong goal for many people. Imagine that you are renting a studio apartment and have just discovered you are having a baby. Your present apartment is small and far from schools and local services. You have decided to move. There are many factors that come into play when making such a large and weighty purchase. This CheckPoint is designed to have you examine the decision-making process from the perspective of an economist. In your Final Project, you use these principles and other factors to make a final decision whether to buy a house. Resource: Ch. 1 in Principles of Economics
Consider the 10 Principles of Economics as outlined in Ch. 1 of Principles of Economics.
Assume for this CheckPoint that purchasing a new home would be a major decision requiring a substantial financial outlay where the wrong decision would have long-term financial consequences.
Submit a 250- to 300-word response addressing the following points:
Which of the 10 principles do you think plays a major role in your decision?
Provide an example for each about decision making, interaction, and the workings of the economy. Explain how that would influence the marginal benefits and marginal costs associated with the decision to purchase a house.
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UOP XECO 212 Week 1 DQ 1 And DQ 2
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DQ 1
Post your response to the following: Locate recent articles in the New York Times or Wall Street Journal in which economists are quoted using positive and normative statements.
o Provide one quote and its context for both a positive and normative statement. Explain your choices.
o Evaluate the statement choices of your fellow students.
DQ 2
Post your response to the following: Select a good that you are familiar with. What are the factors that shift the demand curve for this good? What are the factors that shift the supply curve for this good? How do you expect the supply and demand of your selected good to change in the next year? Relate your expectation to price and quantity.
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UOP XECO 212 Week 2 Assignment Supply and Demand Paper
Choose one good with which you have had experience purchasing:
o New home
o New car
o Vacation to Disneyworld
o Washing Machine
o Computer
o College
o Other
Write a 700- to 1,050-word paper in APA format explaining factors that affect supply and demand. Include the following:
o Explain factors that could cause possible changes in supply and demand.
o Determine at least two substitutes there may be for your product.
o Determine at least two complements there may be for your product.
o Explain how the necessity of your chosen good
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UOP XECO 212 Week 2 CheckPoint Price Elasticity and Supply & Demand Short Answer Quiz
Resource: Appendix B
Complete the Price Elasticity and Supply & Demand Short Answer Quiz in Appendix B.
Post your completed chart as an attachment.
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UOP XECO 212 Week 3 CheckPoint Historical Example of Labor Supply and Demand
Submit a 250- to 300-word response addressing one of the following historical events in terms of labor supply and demand: the Great Depression, the Luddite Revolt, the Black Death, or the technology boom of the 1990s. Include the following:
o What was the impact on the supply and demand of labor on one sector of the labor market?
o Explain the factors that affected labor demand and labor supply in the chosen historical example.
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UOP XECO 212 Week 3 DQ 1 And DQ 2
DQ 1
Post your response to the following: Why do some workers make more money than others? Should everyone make the same wage? Explain your answers using labor market equilibrium.
DQ 2
Post your response to the following: Imagine that you are a business owner. Choose whether to hire a new person in the marketing department or upgrade your computer system. Each choice requires the same amount of investment. Address the following topics: What factors would you use to determine whether to invest in the additional capital or labor?
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UOP XECO 212 Week 4 Assignment Maximizing Profits in Market Structures Paper
Consider competitive markets, monopolies, and oligopolies. What role does each of these play in an economy?
Write a 1,050- to 1400- word paper in APA format on Market Structures and Maximizing Profits. Address the following:
What are the characteristics of each market structure?
How is price determined in each market structure in terms of maximizing profits?
How is output determined in each market structure in terms of maximizing profits?
What are the barriers to entry, if any?
What role does each market structure play in the economy?
Post your assignment as an attachment.
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UOP XECO 212 Week 4 CheckPoint Market Structures Table and Questions Appendix C
Resource Appendix C
Complete the Market Structures Table and Questions in Appendix C.
Post your completed table and questions as an attachment.
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UOP XECO 212 Week 5 CheckPoint A New House-Risks and Benefits
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The government and the fiscal policy it implements play a large role in the housing market. In this CheckPoint, you examine how government policy has consequences for you and the decision to buy a house. This helps you consider situations and alternative decisions in your final project.
Resources: http://www.realtor.org, http://www.nahb.org, http://www.mbaa.org
Assume for this CheckPoint that purchasing a new home would be a major decision requiring a substantial financial outlay where the wrong decision would have long-term financial consequences.
Evaluate the health of the housing market for the next two years by researching forecasts for mortgage rates, housing starts, and housing prices. The following Web sites provide a starting place for your research:
o Mortgage rates: http://www.realtor.org
o Housing starts: http://www.nahb.org
o Housing prices: http://www.mbaa.org
Submit a 250- to 300-word response addressing the following questions:
Which government bodies influence national fiscal policies that would potentially affect the housing market?
o What are some national fiscal policies that can affect mortgage rates, housing starts, and housing prices? Be sure to provide specific examples.
o What is your recommendation as to the risks and benefits of purchasing a home based on these considerations?
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UOP XECO 212 Week 5 DQ 1 And DQ 2
DQ 1
What is the relationship between Gross Domestic Product (GDP) and the business cycle? How can you use information about the business cycle when making a decision about a large purchase?
DQ 2
What is inflation? How do interest rates affect inflation? What are the different types of unemployment? Which of these has the most impact on the economy? Explain.
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UOP XECO 212 Week 6 Assignment Money Train Multimedia Activity
Resource: Ch. 29 of Principles of Economics
Compete the Money Train Multimedia Activity.
Post your three responses as an attachment.
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UOP XECO 212 Week 6 CheckPoint Money
Submit a 250- to 300-word response addressing the following points:
o Money acts as a unit of account, medium of exchange, or a store of value. Describe each of these different functions.
o Provide an example of your use of money in each of these different functions.
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UOP XECO 212 Week 7 CheckPoint A New House-Economy
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The difficulties of the economy affect many of the decisions you make as a consumer. No more so than when you are buying a house. The health of the economy is a factor you should consider when buying a house. Sometimes the economy favors sellers and at other times it favors buyers. This CheckPoint helps you refine your decision to buy a house; it prepares you to explain in your final project how the strength of the economy, government spending, and taxes affect the marginal costs and benefits of your decision.
Consider the role of government bodies that affect the strength of the economy.
Assume for this CheckPoint that purchasing a new home would be a major decision requiring a substantial financial outlay where the wrong decision would have long-term financial consequences.
Submit a 250- to 300-word response addressing the following points:
o Explain how the strength of the economy as a whole could affect the marginal benefits and the marginal costs associated with a decision to purchase a home.
o How would removal of the tax deduction on mortgage interest affect the housing market?
o How would other changes in government spending and taxes affect your decision?
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UOP XECO 212 Week 7 DQ 1 And DQ 2
DQ 1
How does the federal government implement its fiscal policies? Given economic conditions today, do you suggest expansionary fiscal policy or contractionary fiscal policy? How would your suggestions affect production and employment? Why?
DQ 2
Assume the government is running a budget deficit. Should the government raise taxes to balance the budget? Should the government decrease spending to balance the budget? What are the pros and cons of each action?
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