ECO 205

ECO 205 Week 9 Final Project Industry Research Completion 


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 9 Capstone DQ 

ECO 205 Week 9 Capstone DQ

What are the most important concepts you have learned in this course? How can 

you apply them to your life? What difference can these concepts or tools make in 

your everyday life? 


ECO 205 Week 8 CheckPoint Industry Research Part IV 


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. 


ECO 205 Week 7 DQ 2 

ECO 205 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. 




What are the advantages and disadvantages of using the Gross Domestic Product 

(GDP) as a measure of productivity and economic health? Explain your answers. 


ECO 205 Week 7 CheckPoint Calculation Of The Consumer Price Index 

ECO 205 Week 7 CheckPoint Calculation of the Consumer Price Index 

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? 


ECO 205 Week 6 CheckPoint Industry Research Part III 



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

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. 





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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. 




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. 


ECO 205 Week 5 CheckPoint Labor Market Scenario 


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? 


ECO 205 Week 4 CheckPoint International Trade Debate Part II 


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. 


ECO 205 Week 4 CheckPoint International Trade Debate Part I 

ECO 205 Week 4 CheckPoint International Trade Debate Part I

Write a 200- to 300-word essay in APA format arguing for or against 

unrestricted international trade. Some possible platforms on which to write are 

comparative advantage, gains from trade, World Trade Organization, and trade 

restrictions. Support your position with three specific reasons. 


ECO 205 Week 4 Assignment Taxation 


Find two articles that discuss the local, state, or federal taxation of a good. 

Write a 700- to 1,050-word paper in APA format describing the effects of taxation 

and price controls on the economy. 

Is the tax levied on the producers or consumers? 

How does the tax affect supply or demand? 

How does the tax affect the equilibrium price and quantity? 

In this market, describe a hypothetical situation where a price ceiling or floor could 

be imposed. What implications would this have for the market? 

Reference the articles you found in your paper. 

Post your paper as a Microsoft© Word attachment. 




Identify similarities and differences between common goods, public goods, private 

goods, and natural monopolies. Provide an example of each type of good and 

justify your answers. Discuss possible positive or negative externalities associated 

with each example. How do the externalities affect the economy? 




What are some similarities and differences between monopolies and oligopolies? 

How would you classify Microsoft? How would you classify the power industry in 

your area? Explain your reasoning. 


ECO 205 Week 2 CheckPoint Industry Research Part II 




you chose. 

Research any negative or positive externalities the industry produces. Does 

the transaction of a buyer and seller directly affect a third party? Is the effect a 

negative or positive externality? How does the externality impact the economy? 

Research whether the industry produces public goods or private goods, or is 

a natural monopoly. Are the goods or resources rival, excludable, or either? 

Explain.






ECO 205 Week 2 CheckPoint Industry Research Part I 


You will demonstrate information literacy through preparing and gathering 

information for the activity due this week. 

Select an industry that is affected by the economy, such as the airline, automotive, 

home building, or technological industry. Keep in mind that you will use the 

industry chosen throughout the course. 

Find at least two sources to help you answer the following questions about the 

industry you chose. 

For what purpose were these sources created? 

Who is the intended audience for these sources? What factors helped you 

identify the audience? 

What specific criteria did you use to select these sources and to eliminate 

other potential sources? 

In your chosen industry, is price elasticity of demand considered elastic or 

inelastic?

Are there substitutes available? Is the good a luxury or a necessity? Explain. 

What is the price elasticity of supply for your chosen industry? 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 APAformatted 

reference and a summary of the major points in the article or Web site. 



ECO 205 Week 2 Assignment Supply And Demand 

ECO 205 Week 2 Assignment Supply and Demand 

Resources: Appendix C and Interactive Activity: Supply and Demand 

Visit 

http://www.bized.co.uk/learn/economics/markets/mechanism/interactive/part1.htm 

and read the material posted about supply and demand. Explore the concepts of 

supply and demand by using the interactive features on the graphs. Use the 

questions following the diagrams to guide your exploration. 

Visit parts 1, 2, & 3 of the Web site. 

Fill in the matrix and answer the questions in Appendix C. Describe how changes 

in price and/or quantity of various goods and services will affect either supply or 

demand and the equilibrium price. Use the graphs from the interactive activity as a 

tool to help you visualize the changes in price and quantity.

Post Appendix C as an attachment. 




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? 




The principles of economics influence your decision making, interaction with 

others, and the economy as a whole. Give 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? 


ECO 205 Week 1 CheckPoint Principles Of Economics 

ECO 205 Week 1 CheckPoint Principles of Economics 

Resource: Principles of Economics and Economist.com.

Complete question 16 under Problems and Applications in Ch. 1 of Principles 

of Economics. 

Find three current articles about the economy on http://www.economist.com. 

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

Note: Disregard the last part of question 16, asking you to look at the table of 

contents. 


ECO 205 Complete Course 

ECO 205 Complete Course 

ECO 205 Week 1 CheckPoint Principles of Economics 

ECO 205 Week 1 DQ 1 And DQ 2 



ECO 205 Week 2 Assignment Supply and Demand 






ECO 205 Week 4 CheckPoint International Trade Debate Part I 





ECO 205 Week 6 Assignment Labor Market Research. 


ECO 205 Week 7 CheckPoint Calculation of the Consumer Price Index 

ECO 205 Week 7 DQ 1 And DQ 2 




ECO 205 Week 9 Capstone DQ 


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ECO 205

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