- Determine how the Internet affects the availability of market-clearing information on wage rates in the labor market.
analyze the impact the theory of consumer choice
Explain the differences between the equilibrium business-cycle model and the price-misperceptions model.
Week 8 Discussion 2 Collapse Overall Rating:
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Your Rating:
Discussion 2: “The Price-misperceptions Model and the Equilibrium Business-cycle Model.” Please respond to the following:
Taking Sides Position Paper-Your position on the issue. What is your position? Why do you take this position? What information supports your position? Be sure to be clear about your position. Go in-depth as to why you take it, and what is out there to support it.
1
Adapted from COE 102 (J. Ervin, 2013).
Taking Sides Position Paper Instructions1
(a) Position Paper (Final): You will write a 4-6 page formal position paper on the issue
examined in the Taking Sides text. Your position must be informed by the “Yes” and
“No” sides of this issue presented in this text.
1. You will submit a 2-3 page draft of your paper for in-class revision and feedback.
The content of your Final Paper will include the following:
1. An overall introduction to the issue. What exactly is the issue at hand? What is
your paper going to be about? What are we looking at here?
2. Your position on the issue. What is your position? Why do you take this
position? What information supports your position? Be sure to be clear about
your position. Go in-depth as to why you take it, and what is out there to support
it.
3. The opposing side of the issue. What does the other side say? What are the
objections to your position? How would someone who takes a different position
make their case? What information supports the opposing side?
4. The refutation of the opposing side. Why are the objections raised by the
opposing side incorrect and/or not persuasive? Why is the information supporting
the opposing side not persuasive in comparison to your own position?
5. Bring it back to your position and summarize it for the reader. Briefly state why
you still maintain your personal position, even though there are objections.
6. Response to Feedback. How have you responded in your final paper to the
feedback given you in class about your draft (i.e., both peer and teacher
feedback)?
Your final paper will include these headings (corresponding with the grading rubric):
Introduction
My Position
Opposing Position
Refutation of Opposing Position
Position Summary
Response to Feedback
References
*Any and all information (e.g., idea, statement, fact, figure, etc.) that comes from a
source must be appropriately cited within the content of your paper and referenced in
either APA 6th edition or MLA formatting.
1
Adapted from COE 102 (J. Ervin, 2013).
Taking Sides Final Position Paper Rubric
Criteria Criteria Explanation Possible
Points
Points
Given
Introduction of
Topic Introduces the issue overall
Describes what the paper is going to be about and what is being examined
5
Your Position
Gives a clear description of your position on the issue
Gives a detailed and thorough description of why you take such a position
Gives a thorough account of what information is out there to support your
position
Informed by the Taking Sides reading
25
Opposing Position
Shows the other side of the issue
Gives an account of the objections to your position
Shows information that supports the opposing side
Informed by the Taking Sides reading
25
Refutation of
Opposing Position Explains why the objections to your position raised by the opposing side
are incorrect and/or not persuasive
Explains why the information supporting the opposing side is not
persuasive in comparison to your own position
Informed by the Taking Sides reading
15
Summary of Your
Position Provides a final summary of your position
Briefly states why you still hold your position in relation to the opposing
position
Informed by the Taking Sides reading
10
Response to
Feedback Gives a clear explanation of specific changes made to the paper in
response to peer and teacher feedback provided in class
5
Citations/
References Resources are cited appropriately throughout the paper
Resources are cited in-text using APA or MLA standards
A reference list is provided using APA or MLA standards
5
Writing
Organization of paper is logical and easy to follow. Writing is clear and
legible, with proper use of grammar. Paper has been edited and includes
appropriate citations/references.
10
Total
Possible
Points:
100
Total
Points
Given:
Paper is to be typed, double spaced, with 12-point Times New Roman font and 1 inch margins all around
1
Adapted from COE 102 (J. Ervin, 2013).
(b) Position Paper Draft and Peer Editing – 60 Points
For your draft, submit a 2-3 page paper with the following:
1. Issue/introduce the topic
2. Discuss your position, why you take that position, and what information you have so far
to support your position
3. Discuss the opposing position/objections
4. Discuss refutations of the opposing position
5. Summarize and briefly discuss your position and why you still maintain your position,
even though there are objections
Your draft will include these headings (corresponding with the grading rubric):
Introduction
My Position
Opposing Position
Refutation of Opposing Position
Position Summary
References
Position Paper Draft and Peer Editing Rubric:
Criteria Criteria Explanation Possible
Points
Points
Given
Introduction Provide thoughtful and clear introduction to draft. 3
Your Position Gives thoughtful first draft of your position on this issue
that is informed by the Taking Sides reading.
12
Opposing Position Provide main objections and first draft of opposing
position that is informed by the Taking Sides reading.
12
Refutation of
Opposing Position
Explain why the opposing position’s objections are
incorrect and/or not persuasive in relation to Taking Sides
reading.
10
Summary Explain why you still hold your position in relation to
opposing position
3
Format and
Writing
Organization of paper is logical and easy to follow. Writing
is clear and legible, with proper use of grammar. Paper has
been edited and includes appropriate
citations/references.
10
Peer Editing Provide thoughtful and thorough in-class revisions. 10
Total
Possible
Points:
60
Total
Given
Points:
Paper is to be typed, double spaced, with 12-point Times New Roman font and 1 inch margins all around
Engineering, Ethics and Society-Write a 3 page paper on the ethics of nuclear energy
Spring 2018
AENG/CENG/EENG/MENG 0390- Engineering, Ethics and Society
February 19, 2018
Write a 3page paper on the ethics of nuclear energy. Students will be graded on
clarity of presentation, arguments pro and con, and use of references. Students’
understanding of ethical issues should clearly stand out in these reports.
fundamental concepts of the economic way of thinking-How can you explain the relationship between the Super Bowl winner and changes in the stock market?
Introducing the Economic
Way of Thinking
*
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Lecture Slides
Economics for Today
Irvin B. Tucker
What will you learn in this chapter?
- You will be introduced to fundamental concepts of the economic way of thinking
*
What is the economic way of thinking?
- A logical reasoning process for organizing your thoughts and understanding economics
*
What are some examples?
- Can you prove there is no person worth a trillion dollars?
- Why would you purchase more Coca-Cola when the price increases?
- How can you explain the relationship between the Super Bowl winner and changes in the stock market?
*
What is the
economic problem?
- Providing for people’s wants and needs in a world of scarcity
*
What is meant by scarcity?
- The condition in which wants are forever greater than the available supply of time, goods, and resources
*
What does scarcity force us to do?
- It forces us to make choices
*
Unlimited wants
Scarcity
Society Chooses
What are resources?
- The basic categories of inputs used to produce goods and services
*
What are the three categories of resources?
Land
Labor
Capital
*
*
Land
Labor
Capital
Entrepreneurship organizes
resources to produce goods
and services
Exhibit 1 Three Categories of Resources
What is a
land resource?
- A shorthand expression for any natural resource provided by nature
*
What is labor?
- The mental and physical capacity of workers to produce goods and services
*
What is entrepreneurship?
- Creative ability of individuals to seek profits by taking risks and combining resources to produce innovative products
*
What is capital?
- The physical plants, machinery, and equipment used to produce other goods, that do not directly satisfy human wants
*
What is
financial capital?
- The money used to purchase capital. Financial capital by itself is not productive, it is a paper claim on capital
*
What is economics?
- The study of how society chooses to allocate its scarce resources in order to satisfy unlimited wants and needs
*
What is macroeconomics?
- The branch of economics that studies decision-making for the economy as a whole
*
What is microeconomics?
- The branch of economics that studies decision-making by a single individual, household, firm, industry, or government
*
What is an economic model?
- A simplified description of reality used to understand and predict the relationships between variables
*
What is the purpose of an economic model?
- To forecast or predict the results of various changes in variables
*
What is the
model-building process?
- Problem identification
- Model development
- Testing a theory
*
Identify the problem
Develop a model based
on simplified assumptions
Collect data, test the model, and
formulate a conclusion
Exhibit 2 The Steps in the Model-Building Process
© 2017 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
- If the evidence supports the model, the conclusion is to accept the model. If not, the model is rejected
*
© 2017 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
What are two common pitfalls in understanding how the economy works?
failing to understand the ceteris paribus assumption
confusing association with causation
*
What is
ceteris paribus?
- A Latin phrase that means that while certain variables can change, “all other things remain unchanged”
*
What assumption is always made when testing a model?
- ceteris paribus
*
What conclusion can we make?
- a theory cannot be tested legitimately unless its ceteris paribus assumption is satisfied
*
What is an example of ceteris paribus?
- If the price of new Ford cars decrease, and everything else stays the same, consumers will buy more, but if other variables change, we cannot make a prediction
*
What is the difference between association and causation?
- We cannot always assume that when one event follows another, the first caused the second
*
Why can economists disagree?
- The answer requires understanding the difference between positive and normative economics
*
What is
positive economics?
- An analysis limited to statements that are verifiable
*
How can economists disagree using positive analysis?
- Economists can agree that event A causes event B, but disagree over the assumption that event A will occur
*
What is
normative economics?
- An analysis based on value judgment
*
What conclusion can we make?
- When opinions or points of view are not based on facts, they are scientifically untestable
*
© 2017 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
END
Identify the economic principles and/or theories that Dr. Schwartz discusses
credit history- What are the top two factors in your FICO score? What actions can one take to earn the most points in these categories to improve a FICO score?
Week 4 credit history
| Title ABC/123 Version X |
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| Credit History Worksheet FP/100 Version 1 |
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University of Phoenix Material
Credit History Worksheet
Credit Scores
Go to the Fair Isaac Co. website: www.myfico.com. (Do not buy a credit score unless you choose to do so.) For this activity, go to “Learn about scores.” Review this page, and follow the link to “What’s in your score?” From this page, follow the links to learn more about credit scores.
Note: You do not have to share your personal credit score or other details in this worksheet.
Using what you have learned about credit scores, respond to each of the following questions in a minimum of 50 words:
1. What is a credit score? When and why is a credit score important?
2. What are the top two factors in your FICO score? What actions can one take to earn the most points in these categories to improve a FICO score?
3. Your credit score can impact how much you pay on credit you use throughout your life. Enter the four fields into this calculator to estimate how much more you might pay over time. First, try it with your current estimated credit score; then, move the slider to see how much less you would pay with a higher score, and then how much more you would pay with a lower score.
| Current Estimated Score Range | Higher Score Range | Lower Score Range | |
| Enter the total cost of credit for each range |
4. In at least 50 words, how would you summarize the results of the Credit.com calculator?
Credit Reports
Go to www.annualcreditreport.com, the only site authorized by the Federal Trade Commission to provide free consumer credit reports. Request one free credit report from one of the three credit reporting agencies (if you are unable to download a report, complete this activity using a sample credit report from www.experian.com).
Using what you have learned about credits reports, respond to each of the following questions in a minimum of 50 words:
1. What type of information is included on a credit report?
2. How long might negative credit history, such as a 60-day delinquency, remain on your credit report? If any negative history is incorrect, what steps would you take to correct the error?
3. What did you find surprising about credit reports?
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