ECO 365T All Discussions

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ECO 365T All Discussions Link

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ECO 365T Wk 1 Discussion – Limits, Alternatives, Choices, and Market System

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to classmates or your faculty member.

Due Day 3 

Respond to the following in a minimum of 175 words:

In your own words, define scarcity in economics, and provide an example. What is the impact of technology and innovation on scarcity?

Due Day 7 

Post 2 replies to classmates or your faculty member. Be constructive and professional.

ECO 365T Wk 2 Discussion – Supply, Demand, Equilibrium, and Market Failures

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to classmates or your faculty member.

Due Day 3 

Respond to the following in a minimum of 175 words:

• How has the supply and demand for a specific product affected your or your family’s purchasing decisions?
• Which variables most affect your decision to either buy or not buy a good or service?

Due Day 7 

Post 2 replies to classmates or your faculty member. Be constructive and professional.

ECO 365T Wk 3 Discussion – Public Goods and Elasticity

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to classmates or your faculty member.

Due Day 3 

Respond to the following in a minimum of 175 words:

• How do you think income elasticity affects a normal good versus an inferior good? Provide an example.

Due Day 7 

Post 2 replies to classmates or your faculty member. Be constructive and professional.

ECO 365T Wk 4 Discussion – Utility Maximization and Behavioral Economics

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to classmates or your faculty member.

Due Day 3 

Respond to the following in a minimum of 175 words:

• Discuss how the utility-maximization model helps highlight the income and substitution effects of a price change. Provide an example.

Due Day 7 

Post 2 replies to classmates or your faculty member. Be constructive and professional.

ECO 365T Wk 5 Discussion – Businesses and the Costs of Production

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to classmates or your faculty member.

Due Day 3 

Respond to the following in a minimum of 175 words:

• Differentiate between explicit and implicit costs.
• Explain the importance of considering both types of costs to make economic decision.
• Provide examples of at least 2 explicit costs and 2 implicit costs.

Due Day 7 

Post 2 replies to classmates or your faculty member. Be constructive and professional.