ECO100 Week 1 Discussion 1 and Discussion 2

ECO100 Week 1 Discussion 1

 "What is Economics?" Please respond to the following:

•Identify a recent purchase that you made and determine how scarcity influenced your purchase decision.

•Give an example how scarcity of a product would have an impact on a macroeconomic and microeconomic level. Explain your rationale.

ECO100 Week 1 Discussion 2

"Principles of Economics" Please respond to the following:

Analyze what your opportunity costs have been in terms of personal resources that you have given up in order to take this course at Strayer University.

Explain two ways in which you applied the use of marginal cost and benefit to your decision to pursue a college degree.