Free Essay

Economics

In: Other Topics

Submitted By lanasaeed
Words 1195
Pages 5
Collaboration Assessment Guide
Please complete this guide and submit it with your evidence to S1 Collaboration Assessment Guide, depending on which segment of the course you are completing.Complete part 1 at the beginning of the activity. Complete parts 2 through 5 once the activity is complete.
Part 1: Pre-Collaboration Planning
Use this worksheet to help you plan and organize your team for your Collaboration requirement. You should work in a group of two to five members to complete your collaborative activity.
I will collaborate to complete the assessment on the topic Political cartoon “Free woal Coats”____________________. Team Members Information | Team Member Names | Role(s) in Project | Email | Instructor Name | My Name: Lana Saeed | Agree with the taxes. | Lana.sameh@hotmail.com | Rebekah Maggio | Partner: Rachel Nunez | Agree with the taxes. | rnunez1998@seminole.flvs.net | Rebekah Maggio | Partner: Brianna Shafer | Agree with the taxes. | brianna7498@seminole.flvs.net | Rebekah Maggio |

Collaboration Project Planning 1. Divide the following tasks between members of the team. Your responsibilities in this assignment will include: * ___Lana Saeed_________________ Organizes overall project * ____Rachel Nunez________________ Coordinates communication * __Brianna Shafer________________ Composes writing elements of project * _Rachel & Lana___________________ Locates research information needed for project * ___Lana Saeed_________________ Designs final product * _Brianna Shafer___________________ Other (specify)

2. Which Web 2.0 tool, if any, will your team use to complete the project?
Our web tool is power point. 3. What is your team’s target completion date for the project?
03/17/2016
4. How will your team members communicate with each other?
By emailing each other.
Part 2: Collaboration lesson/task description
Describe the topic or task you completed collaboratively in a paragraph consisting of five or more sentences.
We described a political cartoon which is “Free Wool Coats”. In the political cartoon, the sheep labeled “Taxpayers” says, “Now do you see how it works?” to the sheep that had its wool shaved off in order to pay for free college. Obama is waving at the entrance of the wool coats shop, showing how he wants to run the plan for free college while not acknowledging what the taxpayers lose. This cartoon is focusing on the fact that the citizens are the ones who are responsible for finding a way to pay for what they want.

Part 3: Peer and Self-Evaluation
Rate yourself and your team as a whole according to each of the performance criteria below.
3=Always 2=Usually 1=Sometimes 0=Never Peer and Self-Evaluation | | Rating for You | Rating for the Team | Reasons for Ratings and Other Comments | Listened to others | 3 | 3 | We always listen to everyone opinion. | Showed respect for others’ opinions | 3 | 3 | We always respect each other. | Completed assigned duties | 3 | 3 | We complete everything on time and discuss it. | Participated in discussions | 3 | 3 | We participate in the discussions and we listen to each other’s’ opinion | Attended meetings | 0 | 0 | We had never attended any meeting. | Stayed on task | 3 | 3 | We stayed on task with no reminders. | Offered relevant information | 3 | 3 | If anyone of us found more information. We had to put it there. | Completed work adequately | 3 | 3 | We had participated in working together and had completed our work. | Completed work on time (with no reminders) | 3 | 3 | We had completed it on time without any reminders. | Offered appropriate feedback when necessary | 3 | 3 | We do offer any feedback if we need. And we help each other. |

Part 4: Self-Reflection
Respond to the following questions with at least two sentences for each. * What did you enjoy most about working with others on this lesson/task?
I enjoyed working with my team they were so funny and we had finished everything on time. Also we had offered help to each other’s. * How did your team deal with conflict?
First, we had discussed the argument together and then we see each one’s opinion and talk about it. But at the end all of us were agreeing on the same topic. * Do you feel others were happy with your participation in the lesson/task?
Of course, because I’m the one who had created the power point and I had put some funny pictures on there. And actually am happy that I got to know them. * What will you do differently, if anything, in your next online collaboration opportunity?
Actually the first thing that I’m going to do is meeting this person on real and work on it together at a coffee or something. At the same time we’re going to have fun and also do our work.

Part 5: Evidence
In the space below or in a separate document, provide evidence of collaboration. Examples of evidence include, but are not limited to, the following:
Lana: Hey, I need to complete the Collaboration assignment. Anyone interested in helping?

Thanks,
Lana Saeed
Rachel: If you haven't found a partner, I can do it with you(:
Lana: Alright so we could do it together. But when are we going to start?
Rachel: I'm good to start anytime. I could start looking for political cartoons tomorrow and we can decide on which one we wanna do.
Lana: Okay, I'm just going to be a little bit busy this week because I'm starting this week my nine weeks test.
Rachel: That's fine. We can wait until next week if it's easier for you, I'm in no particular rush just as long as it gets done sometime next week. I can just do my part and let me know if you need help or have finished(:
Lana: Hey Rachel,
> How are u doing?
> You could do the political cartoon and I will watch the video and answer the questions about it.
> Is that okay with you? and I'll finish mine hopefully by wednesday.
> Thanks,
> Lana
Rachel: Hey Lana, I'm good(:
And that sounds like a plan! Then I guess on Wednesday we can send each other our work and submit it that day.
Rachel: Hey Lana! For the collab, we only need to do the political cartoon, so you don't need to worry about the video. Perhaps you can organize the information I got and make it into a presentation? We can make it on prezi or something so it can look good(:
Lana: Hey Rachel
That's sounds good just send to me the information that you got and I'll do as a power point as a slideshow is that good?
Rachel: Sure, that sounds fine. Just a heads up, the last part requires your opinion on the cartoon as to whether you agree or not.
Rachel: Ms. Maggio wants us to add a third partner since she really needs one. She could edit or add more to my answers after your done with the presentation, if that's okay with you.
Lana: yeah sure that’s fine.
Lana: I'm done with the power point and I added also my opinion. do you like or not?
> When do you want to submit it?
Rachel: Looks good! I'm gonna quickly add Brianna's part and then we can submit it tonight or tomorrow (depending when you get this). & don't forget to also do the Collaboration Assessment Guide if you haven't done so already.…...

Similar Documents

Premium Essay

Economic

...Economic Decisions Individuals and societies alike face many decisions. Individuals tend to make economic decisions when faced with trade-offs, and because of that, individuals are required to compare costs and benefits of their alternative actions referred to as the opportunity cost. Rational individuals tend to think of marginal change during the process of decision-making, and therefore, may respond differently to incentives whilst making economic decisions. This paper discusses the four principles of economics, a decision associated with marginal change, the incentive(s) that could lead to making different decision, and finally, how the principles of economics affect decision-making, interaction and the workings of the economy as whole. The Principles of Economics A trade-off is often referred to as the “technique of reducing or forgoing one or more desirable outcomes in exchange for increasing or obtaining other desirable outcomes to maximize the total return or effectiveness under given circumstances.” (BusinessDictionary.com, 2009) In brief, individuals choose something over something else, or give up something in order to get something else. Whatever “it” is that individuals sacrifice in order to get something, is generally “its” cost, and cost is often linked and associated with money, an opportunity cost however, could be the cost of anything i.e. time or health sacrificed in order to get something. Marginal changes are incremental adjustments individuals make...

Words: 853 - Pages: 4

Premium Essay

Economics

...ECON3007 Economic Policy Analysis Topic: Institutions and Economic Reforms Wendy Carlin This topic focuses on the role of institutions in economic growth and the implications of this for the design of economic reforms. We examine why some large-scale economic reforms have been surprisingly successful and others have been disappointing. It will be argued that the consistency between existing institutions in the economy and the reforms is an important factor in determining reform success. We look at property rights and contracting institutions, at the experience of transition economies – both in the former Soviet bloc and China and at reform policies including privatization. The empirical techniques that we study include cross-sectional and panel regressions using aggregate (i.e. country-level) data and micro-economic data. Key readings: Institutions and growth: Acemoglu, D., Johnson, S. and Robinson, J. A. (2001) (AJR) “The Colonial Origins of Comparative Development: An Empirical Investigation”. The American Economic Review, Volume 91, Number 5. Use the UCL Economic Journals page and choose the Atypon link. Acemoglu, D., Johnson, S. (2005) (AJ) “Unbundling Institutions” Journal of Political Economy Volume 113, Number 5, 949-995. Use the UCL Economic Journals page. Deaton, A. (2009) ‘Instruments of Development: Randomization in the Tropics and the Search for the Elusive Keys to Economic Development’. NBER Working Paper 14690. Use google. Transition: China and......

Words: 1359 - Pages: 6

Free Essay

Economics

...What is Econometrics? Econometrics is a rapidly developing branch of economics which, broadly speaking, aims to give empirical content to economic relations. The term ‘econometrics’ appears to have been first used by Pawel Ciompa as early as 1910; although it is Ragnar Frisch, one of the founders of the Econometric Society, who should be given the credit for coining the term, and for establishing it as a subject in the sense in which it is known today (see Frisch, 1936, p. 95). Econometrics can be defined generally as ‘the application of mathematics and statistical methods to the analysis of economic data’, or more precisely in the words of Samuelson, Koopmans and Stone (1954), ... as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference (p. 142). Other similar descriptions of what econometrics entails can be found in the preface or the introduction to most texts in econometrics. Malinvaud (1966), for example, interprets econometrics broadly to include ‘every application of mathematics or of statistical methods to the study of economic phenomena’. Christ (1966) takes the objective of econometrics to be ‘the production of quantitative economic statements that either explain the behaviour of variables we have already seen, or forecast (i.e. predict) behaviour that we have not yet seen, or both’. Chow (1983) in a more recent textbook succinctly defines econometrics ‘as...

Words: 736 - Pages: 3

Premium Essay

Economics

...Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία (oikonomia, "management of a household, administration") from οἶκος (oikos, "house") + νόμος (nomos, "custom" or "law"), hence "rules of the house(hold)".[1] Political economy was the earlier name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" that also avoided a narrow political-interest connotation and as similar in form to "mathematics", "ethics", and so forth.[2] A focus of the subject is how economic agents behave or interact and how economies work. Consistent with this, a primary textbook distinction is between microeconomics and macroeconomics. Microeconomics examines the behavior of basic elements in the economy, including individual agents (such as households and firms or as buyers and sellers) and markets, and their interactions. Macroeconomics analyzes the entire economy and issues affecting it, including unemployment, inflation, economic growth, and monetary and fiscal policy. Other broad distinctions include those between positive economics (describing "what is") and normative economics (advocating "what ought to be"); between economic theory and applied economics; between rational and behavioral economics; and between mainstream economics (more "orthodox" and dealing with the "rationality-individualism-equilibrium......

Words: 290 - Pages: 2

Premium Essay

Economics

...classified and analyzed. The first studies on the economic impact of port activity emerged in the United States in the second half of the 1960s. The ports of New York and New Jersey were the first to be taken into consideration. In the 1970s, the first methodological discussions took place, based on the development of the input–output model and its application to the measurement of the impact of ports. The main stances opposing this kind of study were advocated by Robert C. Waters, while those in favour had Semoon Chang as their main champion, and most of Waters’ criticisms were dealt with. 1. PORT ECONOMIC IMPACTS Ports contribute much to their economies, and port economic impact analysis is the major tool for documenting those contributions. The primary objective of port impact studies is to inform the public of the importance of port services, and additional benefits that may exist vary with particular studies. And also, the decision of local governmental agencies to construct port facilities is often preceded by a port economic impact study. The majority of existing port impact studies begin with definitions of port impacts, as an improper notion of port impact might well lead to an entirely wrong estimation of the total economic impact of a port. One of the major challenges in port impact studies is to identify the port-related industries and find out the degree of port dependency of these industries. Generally, economic impacts of port on the local economy......

Words: 5423 - Pages: 22

Premium Essay

Economics

...Economics is the social science that analyzes the production, distribution, and consumption of goods and services. Economics explains how people interact within markets to get what they want or accomplish certain goals. An economy exists for two basic reasons, firstly, human wants for goods and services are unlimited and secondly, productive resources with which to produce goods and services are scarce. An economy has to decide how to use its scarce resources to obtain the maximum possible satisfaction of the members of the society. Economics is studied so you can become a well-informed citizen. Political and social leaders often develop policies that have broad economic effects. International relations are also dominated by economic concerns. Economic knowledge is needed if you are to understand the effects of taxation, unemployment, inflation, welfare, economic growth, exchange rates, or productivity. We also study economics because it helps the individual make more informed decisions. Consumers, workers, and investors usually make wiser choices if they understand the likely economic effects of the choice to be made. Business executives have more insight for making decisions if they understand how the economy works and the likely effects of economic conditions on a business. Hypotheses are propositions that are tested and used to develop economic theories. Highly reliable theories are called principles or laws. Theories, principles, and laws are meaningful......

Words: 259 - Pages: 2

Premium Essay

Economics

...Finance is based on economics.  Therefore, to properly understand financial markets and their behavior one must first understand economics.   Economics at its core is concerned with the production, distribution, trade and consumption of goods and services.   To put this in human terms we can say that economics is the science that arises out of the interplay between limited resources and unlimited human wants and needs. There are two basic ways to view economics.  There is the broad and distant view, which attempts to view things in aggregate for a society at large.   We call this view “Macroeconomics”.  Macroeconomics is concerned with the status of the economy as a whole.  Thus, it looks at overall employment of a general population or overall income of a nation as opposed to a more focused view of a population segment or specific industry.  This view is helpful because it is only by this kind of analysis that we can see the general trends which a society or nation is following.   Macroeconomic theory and analysis is employed most often by Governments and institutions, which have a responsibility to make policies and decisions which affect the economy as a whole. Some terms you may have heard of which concern themselves with the macroeconomic view of the economy are Gross National Product, Inflation, Consumer Price Index and Fiscal Policy.   The meaning of each of these is listed below. Gross National Product – This is the most common measure of economic productivity for......

Words: 531 - Pages: 3

Premium Essay

Economics

...definitions. More often than not, development is measured as economic growth. Economic growth basically explores the increase in the productive capacity of any state. This upward change in productive capacity is usually ascertained in terms of Gross Domestic Product as well as Gross National Product. The former takes a look at the total final output of goods and services produced in a year and the latter is a measure of income earned by both domestic and non-resident citizens. Sad it is to know, that the popularly used measure of development; economic growth, does not give a detailed view of the economic atmosphere of any nation. Using growth as a measure of development does not tell us much about the actual state of the economy. Development goes beyond the mere knowledge of certain economic indices. It is concerned with structural changes that go a long way to improving the conditions of living of all and sundry. One implication of measuring development as growth is the neglect of the level of income distribution in the economy. In spite of the positive changes in the levels of economic growth over accounting periods, is there really an equitable income distribution? Are there few poor people? Economic growth indices such as GNP and GDP merely show the overall income of the state but fail to reveal how much each person in the economy actually possesses. Akin to that, international comparisons of economic performance become less representative. This is due to......

Words: 795 - Pages: 4

Premium Essay

Economics

...Implications of Economics and Policy for Health Professionals Katrina Hill Health Policy and Economics Dr. Shana Lavarreda September 7, 2014 Discipline of Health Economics Many years ago healthcare and its delivery system were limited in care for patients or treatment options for physicians. The procedure of care includes diagnosis, treatment, prevention, rehabilitation, and palliative care (Buchbinder, 2012). However, over the years there is much to be learned from the discipline of health economics which vary from studies, practices, and demand by discipline of health promotion. Unfortunately, health promotion has not always gotten the attention by health economists because contributing factors lack demand, scare resources, and unclear utility analysis of health care (Teiltelbaum & Wilensky, 2013). As with any given system, values contribute to decision making route in which delivers thoughtful insight into how health operates from a planned and funded context to address an extensive scope of matters in a clear systematic manner. Benefits of Health Care Financing and Delivery There are many profits to understanding health policy or governmental involvement in health care financing and delivery. Financial or economic assessment consists of a set of methods designed at inspecting other ways of action that aids in making choices in terms of their costs and benefits (Getzen, 2013). In theory, these practices are useful to promote......

Words: 596 - Pages: 3

Free Essay

Economic

...Thesis Economics Thesis The goal of an economics thesis is to solve a problem regarding the exchange of goods and services in an innovative way. To this end, the student may explore macroeconomics, the study of large economics systems, or microeconomics, the study of person-to-person exchanges of goods and services, in a completely unique manner or in a manner that simply expands on or addresses previous ideas. Students who are struggling to develop ideas for their economics theses may benefit from asking themselves what problems they have a passion for solving. For example, perhaps the student feels greatly irritated about gas prices and could develop an idea on how to cut costs. Perhaps the student has a fascination with the failure of communism and would like to develop a thesis on where the economic system went wrong and why. If the student cannot identify a topic that would produce a viable economics thesis, he or she should talk with the major professor and see if together they can brainstorm a usable idea. Economics theses may have concerns that most disciplines do not have, particularly in formatting. Because pictures can carry a great deal of information in a much more succinct way than text and because economics theses often handle highly complex issues, writers of economics theses may find it useful to include a number of charts, graphs, and tables both in appendices and in the body of the thesis itself. Depending on the complexity of those graphics, the......

Words: 344 - Pages: 2

Premium Essay

Economics

...and the industry price is lower than the monopoly price. The total economic profit made by the industry is also smaller than the monopoly’s economic profit. Therefore the complier incurs an economic loss while the cheater gains economic profit. If since both firms have an incentive to cheat as long as price exceeds marginal cost. In this price-fixing game, it will occur a situation that both firms cheat. If both firms produce more cigarettes than the number agreed, the industry output will be increased, the price of cigarettes will fall and both firms makes zero economic profit, as shown in the figure. -In monopolistic competition a company in the short run, makes its output and price decision just like a monopoly company does. The following figure illustrates the monopolistic competition in the short run. As you can see, when the marginal revenue equals its marginal cost (MR = MC), the firm charges the highest price (P) that buyers are willing to pay for this quantity, which is highly higher than the average total cost (ATC). Therefore the firm makes greatest profit and the consumer pay price that is higher than the market equilibrium price. However, a firm may face a level of demand for its product that is too law for it to make an economic profit. As it shows in the figure, the price that consumers are willing to pay for this output is lower than the average total cost ( P < ATC). The firm makes economic loss. On the other hand, in the long run, the other firms......

Words: 620 - Pages: 3

Premium Essay

Economics

...Free Essays Home Search Essays FAQ Contact Search: Related Essays - Economics of Information - Introduction There have been discussions among scholars in developed countries regarding economics of information. Developed countries includes Australia, New Zealand, United States, Ireland, Germany...[ view ] - Economics and Growth - The demand curve is likely to change upwards or rise as a result of changes in a number of factors. One, if there is a move up in the price of an alternative commodity, or decrease in price of the giv...[ view ] Classical Economics vs. Keynesian Economics :: 5 Works Cited Length: 1187 words (3.4 double-spaced pages) Rating: Red (FREE) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - My research of Classical Economics and Keynesian Economics has given me the opportunity to form an opinion on this greatly debated topic in economics. After researching this topic in great lengths, I have determined the Keynesian Economics far exceeds greatness for America compared to that of Classical Economics. I will begin my paper by first addressing my understanding of both economic theories, I will then compare and contrast both theories, and end my paper with my opinions on why I believe Keynesian Economics is what is best for America. Classical Economics is a theory that suggests by leaving the free market alone without human intervention; equilibrium will be obtained. This......

Words: 1342 - Pages: 6

Premium Essay

Economics

...relations such as China, with a G.D.P growth rate or economic growth rate of nearly 9% a year, China has a faster economic growth rate by 6x. Now what do these numerical figures mean in contrast to leaving the EU? Well, whether or not to leave the EU has a massive effect on our economy, influenced by trade. But how does this correlate to affecting British businesses? Well a faster, well protected economy will allow businesses to run faster, trade faster, produce faster, and become efficient, which in plain English means the business would become better off. My point is, countries which have a very high G.D.P growth rate such as China and India, that are not apart of the EU, achieve great economic figures and statistics, and are economically self-sufficient. Does this mean that Britain would be better not being in the EU? Would this effect trade? Would it affect the economy? Would it affect how well business do? The aim of this project is to determine the best alternative to what we should do as an individual, as a nation, and provide evidence for this. I will be analysing every policy related to the topic, in order to reach an unbiased, and thorough conclusion. I will be assessing the basic economic benefits and negatives, in relation to leaving or staying in the EU, and will be developing these ideas in an economic point of view. I will do this by discussing, and explain key economic theories, and basic Macro economic principles, and how this can be influenced by the......

Words: 788 - Pages: 4

Free Essay

Economics

...Scarcity & Opportunity Cost Economics is a very important field of study in modern society. It helps us to understand the choices we have to make to satisfy our unlimited wants and needs to have a better life. Microeconomics is the study of households, firms, and government in specific markets. One of the main problems economics tries to address is scarcity. Scarcity is the term economist use to describe a situation when the amount of something available is not sufficient to satisfy the desire or demand for it. Scarcity can be applied to all aspects of economics and is one of the most crucial points to understand. Because we are consumers in a free market, we live on income constraints or budgets. Limited income forces us to make choices about goods and services we will purchase, as well as goods and services we will forgo. As a society, we also experience scarcity. Societies face scarce economic resources. Economist classify these economic resources into four categories: land, labor, capital, and entrepreneurial ability. Land is considered to be not only physical land but also water, oil, wind, and all other natural resources. Labor would be described as not only the workforce, but the quality of the workers in the workforce. Capital is the facilities, tools, machinery, and any other components that go into manufacturing a good. Entrepreneurial ability is outlined by the people who exploit opportunities in markets. Entrepreneurs combine economic resources with creative......

Words: 657 - Pages: 3

Premium Essay

Economics

...3 different business/economic cycles – a total of 6 economic aggregates – which will include a recession period and an expansion period. I will choose the current economic cycle as the basis to compare the performance of the economy since December 2007 to that of the other 2 business cycles on the basis of the 6 Economic Variables. As a data consistency analysis measure, I will make use of data from Federal Reserve Economic Data (FRED) and National Bureau of Economic Research (NBER) websites in my research. In simple terms, an economic/business cycle refers to fluctuations in aggregate production, trade and activity over several months or years in a market economy. The economic cycle is the upward and downward movements of levels of gross domestic product (GDP) and refers to the period of expansions and contractions in the level of economic activities (business fluctuations) around its long-term growth trend. These fluctuations occur around a long-term growth trend, and typically involve shifts over time between periods of relatively rapid economic growth (an expansion or boom), and periods of relative stagnation or decline (a contraction or recession). Business cycles are usually measured by considering the growth rate of Real Gross Domestic Product (Real GDP). Despite being termed cycles, these fluctuations in economic activity can prove to be unpredictable. A. F. Burns and W. C. Mitchell, Measuring business cycles, New York, National Bureau of Economic Research,......

Words: 1457 - Pages: 6