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ECO365 Week1: Ten Principles of Economics and How Markets Work
ECO365 Week1: Ten Principles of Economics and How Markets Work Introduction to Microeconomics ECO365 Week1: Purpose of Assignment In Week 1, students are introduced to the ten fundamental principles on which the study of economics is based. Throughout this course, the students will use these ten principles to better develop their understanding of economics and […]
ECO365 Week5 Theory of Consumer Choice and Frontiers of Microeconomics
ECO365 Week5 Theory of Consumer Choice and Frontiers of Microeconomics Theory of Consumer Choice and Frontiers of Microeconomics ECO365 Week5: Purpose of Assignment Week 5 exposes students to subjects that are intended to whet their appetites for further study in economics. Students will use the theory of consumer choice and the impact of the concepts […]
ECO365 Week4: Why Are Some Occupations Paid More than Others?
ECO365 Week4: Why Are Some Occupations Paid More than Others? The Economics of Labor Markets ECO365 Week4: Purpose of Assignment The purpose of this assignment is so students may look at the microeconomic data and other sources for better understanding of trends and determinants of the labor market. We will look at the microeconomic data […]
ECO365 Week3: Current Market Conditions Competitive Analysis
ECO365 Week3: Current Market Conditions Competitive Analysis Firm Behavior and the Organization of Industry ECO365 Week3: Purpose of Assignment Students will develop cost curves on which firm behavior is based and will utilize these cost curves to determine the behavior of their chosen organization in the market served. Using the concept of comparative advantage, students […]
ECO365 Week2: Markets and the Economics of the Public Sector
ECO365 Week2: Markets and the Economics of the Public Sector The Economics of the Public Sector ECO365 Week2: Purpose of Assignment In Week 2, students will employ the supply and demand model to develop consumer surplus and producer surplus as a measure of welfare and market efficiency. Students learn about welfare economics–the study of how […]