Eco 212 Complete Class Essay

1148 Words Jan 15th, 2016 5 Pages
ECO 212 COMPLETE CLASS
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ECO 212 COMPLETE CLASS
ECO 212 Entire Class Week 1-5 Includes All Individual and Team Assignments - No DQs
ECO 212 Week 1 Individual Assignment - How People Make Economic Decisions
•Resources: Principles of Economics textbook, articles, and personal experience.
•Write a 350- to 700-word paper in which you address the following:
 List and briefly explain the four principles of individual decision-making.
 Provide an example of a decision in which you compared the marginal benefits and the marginal costs associated with that decision.
 What were the marginal benefits and
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 Determine how changes in price and quantity influence market equilibrium.
 Describe how the necessity of a good and the availability of substitutions affect price elasticity.
 Compare and contrast market systems and the role of an economist within these systems.
•Cite your references appropriately. If you used an electronic source, include the URL. If you used a printed source please attach a copy of the data to your paper.
•Format your paper consistent with APA guidelines. ECO 212 Week 3 Team Assignment - Differentiating Between Market Structures Paper
Learning Team Assignment: Differentiating Between Market Structures Table and Paper
•Resources: Principles of Economics textbook, articles, and Tomlinson Economics Videos
•Prepare the Market Structures Table and Paper based on your learning, readings, and videos.
•Complete Part I: Differentiating Between Market Structures Table oPrepare a table that describes the characteristics of competitive markets, monopolies, and oligopolies. Format the table as follows:
•Column headings must be the four market structures.
•Row headings must explain the basis for your market characterization.
Perfect competition MonopolyMonopolistic CompetitionOligopoly
An example of an organization
Goods or services produced by the organization
Barriers to entry
Numbers of organizations
Price elasticity of demand
Economic profits: Is there a presence of economic profits? (Yes or no)

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