Eco365 Week1 Essay - 2640 Words

| Syllabus School of Business ECO/365 Version 4 Principles of Microeconomics | Copyright  © 2011, 2008, 2007, 2006 by University of Phoenix. All rights reserved. Course Description This course provides students with the basic theories, concepts, terminology, and uses of microeconomics. Students learn practical applications for microeconomics in their personal and professional lives through assimilation of fundamental concepts and analysis of actual economic events. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor†¦show more content†¦2.5 Analyze the relationship between productivity and the cost of production. 2.6 Analyze the effect of changes in the supply of and demand for factors of production on the price of inputs. 2.7 Analyze the effect of changes in marginal revenues and costs on a firm’s profit-making potential. | | | Reading | Read Ch. 12 of Economics. | | | Reading | Read Ch. 13 of Economics. | | | Reading | Read Ch. 19 of Economics. | | | Reading | Read Ch. 19W of Economics. | | | Reading | Read Ch. 20 of Economics. | | | Discussion Questions | Respond to weekly discussion questions.To earn full credit for DQ participation you must post 2 or more posts on EACH of 4 or more days excluding the weekly summary | DQ#1 due by 5/23; DQ#2 by 5/25 | 1.5 | Weekly summary | Each weeks’ summary should reflect how the weeks content could be applied to your place of work, prior place of work, your personal econo mic decisions, or some current event in the news. Please do NOT just make it a long list of textbook topics | 5/27 | 0.5 | Individual Supply and Demand Simulation | Complete the Supply and Demand Simulation located on the student website. Write 700 - 1,050-word paper of no more than summarizing the content. Address the following: * Identify two microeconomics and two macroeconomics principles or concepts from the simulation.