ECON312N Week 2 Discussion Latest 2020 November

ECON312N Principles of Economics

Week 2 Discussion

Demand, Supply, and Market Equilibrium for Labor and Wages

Required Resources

Read/review the following resources for this activity:

Textbook: Chapter 3, 4, 5

Lesson

1 source including local wage information (can be the BLS site)

Minimum of 1 scholarly source (in addition to the textbook)

Optional Resource

Link (website): Bureau of Labor Statistics: Occupational Employment Statistics (Links to an external site.)

Introduction

Research the local job market including the wage for the position you want when you graduate. Data is available from the Bureau of Labor Statistics; however, you can use other wage information sources. In your post, address the following:

Indicate the position, the national average wage, and the wage in your specific geographic location.

Examine the factors that influence the wage.

What specific local factors influence the wage and in what direction?

What national factors influence the wage and in what direction?

Was the data what you expected? Why or why not?

How does this information impact your choices about your future career and employment or relocation plans?

Follow-Up Post Instructions

Respond to at least two peers or one peer and the instructor. Further the dialogue by providing more information and clarification. Refer to the rubric for the criteria required for a response to be considered substantive.

Writing Requirements

Minimum of 3 posts (1 initial & 2 follow-up)

Minimum of 3 sources cited (assigned readings/online lessons, a local wage source, and an outside scholarly source)

APA format for in-text citations and list of references