ECO 365T Learn:Week 1 Discussion Question

Review the Discussion FAQs Module. 

Post your response to the following prompt in the discussion area: 

• Define the law of supply and the law of demand. Discuss how market supply differs from individual supply, and explain the difference between individual demand and market demand.

ECO 365T Learn: Week 2 Discussion Question

Review the Discussion FAQs Module. 

Post your response to the following prompt in the discussion area: 

• Discuss how the equilibrium price and quantity change when a change in demand occurs and the supply stays constant, and when a change in supply occurs and the demand stays constant.

ECO 365T Learn: Week 3 Discussion Question

Review the Discussion FAQs Module. 

Post your response to the following prompt in the discussion area: 

• Compare and contrast the price elasticity of supply and price elasticity of demand, and define income elasticity and how it distinguishes normal and inferior goods.

ECO 365T Learn: Week 4 Discussion Question

Review the Discussion FAQs Module.

Post your response to the following prompt in the discussion area: 

• Compare the short run and long run for perfectly competitive firms. How do perfectly competitive firms adapt to market changes in the short run? What can perfectly competitive firms expect in the long run in terms of profits?

ECO 365T Learn: Week 5 Discussion Question

Review the Discussion FAQs Module.

Post your response to the following prompt in the discussion area: 

• Discuss how competitive markets determine the wage rate and the quantity of labor that should be employed.