ECO 372 All Participations | eBooks | Education

ECO 372 All Participations

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ECO/372

PRINCIPLES OF MACROECONOMICS

 

The Latest Version A+ Study Guide

 

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ECO 372 All Participations Link

https://uopcourses.com/category/eco-372-participations/

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ECO 372 Week 1 participation Principles of Macroeconomics, Ch. 1: Ten Principles of Economics

 

Consider the following as you read:

 

 

 

    1. Consider how to describe the four determinants of productivity.

 

 

    1. Consider how to explain how higher saving leads to a higher standard of living. What might deter a policymaker from trying to raise the rate of saving?

 

 

    1. Consider how the rate of population growth influences the level of GDP per person.

 

 

 

 

 

 

 

 

 

 

ECO 372 Week 1 participation Principles of Macroeconomics, Ch. 2: Thinking Like an Economist

 

Consider the following as you read:

 

 

 

    1. Consider why economists make assumptions.

 

 

    1. Consider if an economic model describe reality exactly.

 

 

    1. Consider the difference between a positive and a normative statement.

 

 

    1. Consider why economists sometimes offer conflicting advice to policymakers

 

 

 

 

 

 

 

 

 

 

ECO 372 Week 1 participation Principles of Macroeconomics, Ch. 5: Elasticity and Its Application

 

Consider the following as you read:

 

 

 

    1. Consider how to define the price elasticity of demand and the income elasticity of demand.

 

 

    1. Consider how to explain the four determinants of the price elasticity of demand.

 

 

    1. Consider if a fixed quantity of a good is available, and no more can be made, what is the price elasticity of supply?

 

 

 

 

 

 

 

 

 

 

ECO 372 Week 1 participation Principles of Macroeconomics, Ch. 9: Application — International Trade

 

Consider the following as you read:

 

 

 

    1. Consider what the domestic price that prevails without international trade tells us about a nation’s comparative advantage.

 

 

    1. Consider how to define what a tariff is and its economic effects.

 

 

    1. Consider the difference between the unilateral and multilateral approaches to achieving free trade. Be prepared to give an example of each.

 

 

 

 

 

 

 

 

 

 

ECO 372 Week 1 Most Challenging Concepts

 

 

Recall the readings and activities you have completed this week and describe the one or two points that were least clear to you. What questions do you have that would help you understand these points better?

 

 

ECO/372 PRINCIPLES OF MACROECONOMICS The Latest Version A+ Study Guide ********************************************** ECO 372 All Participations Link https://uopcourses.com/category/eco-372-participations/ ********************************
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