University Of Phoenix ECO 365 Week 1 Assignment 1

Get help for University of Phoenix ECO 365 Week 1 Assignment. Copyright © 2016, 2015, 2014 by University of Phoenix. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. 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 how society manages its scarce resources. Students will see how markets work using supply and demand for a good to determine both the quantity produced and the price at which the good sells.

The concepts of equilibrium and elasticity are used to explain the sensitivity of quantity supplied and quantity demanded to changes in economic variables. Students will see how government policies impact prices and quantities in markets. Student explained how society manages its scare resources and benefits from economic interdependence. Student explained why the demand curses slopes downward and the supply curve slopes upward. Student explained where the point of equilibrium is and what it determines. Student explained the impact of price controls, taxes, and elasticity on changes in supply, demand and equilibrium prices. The paper is 875 words in length. The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. Intellectual property is recognized with in-text citations and a reference page. Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. Sentences are complete, clear, and concise. Rules of grammar and usage are followed including spelling and punctuation. 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 how society manages its scarce resources. Students will see how markets work using supply and demand for a good to determine both the quantity produced and the price at which the good sells. The concepts of equilibrium and elasticity are used to explain the sensitivity of quantity supplied and quantity demanded to changes in economic variables. Students will see how government policies impact prices and quantities in markets. Prepare an 875-word research paper as part of a marketing research committee for your organization about current microeconomic thought and theory. How society manages its scarce resources and benefits from economic interdependence. Why the demand curve slopes downward and the supply curve slopes upward. Where the point of equilibrium is and what does it determine? The impact of price controls, taxes, and elasticity on changes in supply, demand and equilibrium prices. Format consistent with APA guidelines.

Principles of Microeconomics, Ch. 1-1 How People Make Decisions, pp. 1-2 How People Interact, pp. 1-3 How the Economy as a Whole Works, pp. Methods of understanding and applying the Ten Principles of Economics. Consider how economics are applied in a society of consumers. Consider how limited resources apply to an expanding society. Principles of Microeconomics, Ch. 2-1 The Economist as Scientist, pp. 2-2 The Economist as Policy Adviser, pp. 2-3 Why Economists Disagree, pp. Consider how to apply the economic terms, supply, demand, elasticity, comparative advantage, consumer surplus, deadweight loss to the consumer market. Consider your personal experiences in theory, case studies, and examples of economics in the news and how you can apply it to refine your skills. Consider what is distinctive about how economists confront a question. Principles of Microeconomics, Ch. 3-1 A Parable for the Modern Economy, pp. 3-2 Comparative Advantage: The Driving Force of Specialization, pp. 3-3 Applications of Comparative Advantage, pp. Consider how an economy coordinates the activities of millions of people with varying tastes and abilities. Consider the reasons for economic interdependence. Consider exactly what people gain when they trade with one another. Consider why people choose to become interdependent. Principles of Microeconomics, Ch. 4-4 Supply and Demand Together, pp. Consider the combination of supply and demand and how together they make the market economies work. Consider how supply and demand affects buyers and sellers behavior and how they interact with one another. Principles of Microeconomics, Ch. 6-1 Controls on Prices, pp. Consider how to analyze various types of government policies using only the tools of supply and demand. Consider how policies directly control prices. Consider when price controls are usually enacted. Consider how supply and demand effects the impact of taxes.

You can check out books on this technique at your local library if you want further information on the subject. Last, but certainly not least, diet: Some parents find that reducing or eliminating sugar from the diet goes a long way in calming the hyperactive child. If your child is a finicky eater, you will need to supplement the diet to make sure your Attention Deficit or hyperactive child has the fuels needed for his body to function well. Starting the day out with a healthy breakfast balanced with proteins, fats and carbs is important. An egg sandwich, peanut butter toast and fresh fruit, protein shakes and fresh fruit smoothies are great ways to start the day for Attention Deficit and hyperactive children. Sugar cereals are quick and convenient but should not be used as a breakfast mainstay. Fruit juices are high in calories and sugar and not recommended for children, especially those with Attention Deficit or hyperactivity. Instead of juice or sodas, get in the habit of offering plain old H2O. With plenty of bottled waters that offer fruit flavors and vitamin enhancements, getting your children hydrated is easier now than ever before. Jeannine Virtue is a freelance journalist and mother of an Attention Deficit son.