Welcome, WGU students, to our comprehensive guide on “How to Pass the Principles of Economics WGU D089 OA” If you’re struggling with the module D089 at WGU, you’ve come to the right place. This article is designed to provide you with everything you need to understand the content of the module, prepare effectively for the Objective Assessment (OA), and utilize the best resources available.
By reading this article, you’ll gain a clear understanding of the Principles of Economics module. We’ll walk you through;
Our goal is to make this your one-stop read for mastering the D089 module and passing the OA with confidence. Stay with us as we dive into the essential elements of the Principles of Economics, ensuring you’re well-equipped to excel in your studies and achieve your academic goals.
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What to Expect from WGU D089đź“–
The Principles of Economics module at WGU D089 is designed to equip students with essential economic knowledge, crucial for aspiring managers. Throughout this course, you will delve into fundamental economic theories and learn how markets operate. The journey begins with an introduction to the basic definitions of economics, distinguishing between microeconomics and macroeconomics, and exploring the core principles that underpin each field.
In the microeconomics section, you’ll focus on concepts that influence business and public policy decisions. This includes understanding supply and demand dynamics, elasticity, market efficiency, and production costs. You will also examine various market structures and their implications on economic decision-making. This part of the course lays a strong foundation for analyzing how businesses function within different market environments and the economic reasoning behind policy decisions.
In the D089 module, you will walk through the below topics.
- Topic 1 – The Economic Way of Thinking
- Topic 2- The Economic Problem
- Topic 3 – Supply, Demand, and Equilibrium
- Topic 4 – Efficient and Inefficient Markets
- Topic 5 – Production and Costs
- Topic 6- Market Structure
- Topic 7 – Macroeconomic Measurements and Theories
- Topic 8- Economic Growth and Fluctuations
- Topic 9- Stabilization Policies
- Topic 10- Open Market
The macroeconomics portion shifts the focus to broader economic factors that affect business and policy on a larger scale. You will learn to measure macroeconomic variables, understand aggregate supply and demand, and explore the workings of an open economy. Additionally, the course covers the impact of trade policies on both domestic and international markets, providing a comprehensive view of global economic interactions. By the end of this course, you will be well-prepared to apply economic principles to real-world management and policy challenges, making informed decisions that contribute to organizational success.
Study Guide for Acing the OAđź“ť
Here we will discuss the main component of this article, the study guide. We have done a deep dive into the module Principles of Economics WGU D089 to understand the course material and how to best navigate through it. We have also reached out to former course takers and gone through multiple study resources to handpick the best techniques and methods to ease your effort in learning this module. So here we provide you with the ultimate result of our effort. We guarantee you that following this study guide will bring you success and help you master the skills effortlessly. Without further ado, Let us dive in..
Step 1 – Download the note-taking guide
As the initial step of the study guide, we will gather the necessary resources you require to study the course material in D089. Here we will download the document named “D089 – Principles of Economics – Study Guide Questions” which will assist you in taking down short notes in your studies.
How to download the document;
- Go to the Student Portal of WGU > Log onto your profile > Go to the D089 module page > Click on the “Course Search” button > Find and open the link “D089 – Principles of Economics – Study Guide Questions”
Here you will find a link to download the document. Once downloaded, keep it handy to be used once you start studying the course materials. This document will allow you to keep track of the important concepts of the module as well as help you note down significant information on each topic in the module.
Step 2 – Go through the recorded cohorts
As we have gone through the study resources relevant to this module, we have found the recorded cohorts of WGU to be your perfect entry point to the course content. The course instructors who conduct these cohorts have made them simple yet knowledgeable, making them suitable for beginners as well as experts in this field. As the course instructors are well-informed and experienced in the WGU module process and the course contents, they will share their knowledge and advice on these videos as well. So you will be able to not only learn the study material but also will get a chance to get advice and tips and tricks to tackle the module as efficiently as possible. To find the recorded cohorts, navigate to the below-mentioned location.
- Go to the Student Portal of WGU > Log onto your profile > Go to the D089 module page > Click on the “Course Search” button > Find and open the link “Cohort Information Center”
By going through these cohorts you will be able to get a basic understanding of the core concepts that make up module D089. Go through each video except the video named “Exam Jam”. We will save this video for later.
Step 3 – Go through the Textbook
Now that you have gained a basic understanding of the core concepts, let us deep dive into each topic and reveal the intricate details of the core concepts. To help you with this task, we will be utilizing the Textbook provided by WGU for module D089. Here you will gain the knowledge that you require to face the OA and master the competencies required. The TextBook does a perfect job of providing the knowledge in a very structured and easy-to-understand manner. So complete each topic and commit the information to your memory. As the OA of D089 is built upon this module, try and clarify all your doubts before reaching the end of the Textbook.
The Textbook includes knowledge checks and practice quizzes on each of the topics. Take time to go through these to help you retain the knowledge that you have acquired. Also whenever you come across embedded videos in the contents of the Textbook, we recommend you take your time to watch them. These videos will help you understand the theories which otherwise will seem hard to grasp. Another important tip is to focus on the topics 3-4, 6-7, and 9-10 as we have identified the OA questions are highly weighted on these topics.
While you go through the Textbook, make sure to utilize the note-taking guide we have downloaded previously. Answer each question in the note-taking guide while you read through each step to complete it, so you can use it as your short notes to refresh your memory later on.
To find the Textbook;
- Go to the Student Portal of WGU > Log onto your profile > Go to the D089 module page > Click on the “Go to course materials”
Step 4 – Go through supplemental material and do practice quizzes
After you have acquired the necessary knowledge to face the OA, we will go through some additional study material to strengthen our knowledge and practice the skills we have gained so far. First, go through the below-mentioned resources to gain additional knowledge on the core concepts of D089.
- Go to the Student Portal of WGU > Log onto your profile > Go to the D089 module page > Click on the “Course Search” button > Find and open the link “Infographics to help with the AD-AS Model”
- Go to the Student Portal of WGU > Log onto your profile > Go to the D089 module page > Click on the “Course Search” button > Find and open the link “Equations You Should Know”
Afterwards, take the practice questions and quizlets by visiting the locations mentioned below
- Go to the Student Portal of WGU > Log onto your profile > Go to the D089 module page > Click on the “Course Search” button > Find and open the link “D089 – Quizlet Practice”
- Go to the Student Portal of WGU > Log onto your profile > Go to the D089 module page > Click on the “Course Search” button > Find and open the link “D089 – Module Practice Sets”
Step 5 – Prepare for the exam
By completing the above steps, you will now have the knowledge required to attempt the OA. But before going to the final assessment, let us go through our final preparations to make sure we are well prepared. To achieve this objective, let us first go through the “Exam Jam” video that we have previously skipped in Step 2 of the study guide. Navigate to the same location where you found the recorded cohorts and watch the Exam Jam video to refresh your knowledge of the course content and get advice on how to face the OA.
Afterward, let us use one more tool to evaluate your exam readiness. In this step, we will complete the mock assessment; Pre-A that is prepared for you to test your skills on the subject matter of D089. Even though this is a mock assessment, we advise you to treat it as the final assessment itself. By giving your all in the Pre-A, you will find out your weak points when it comes to both the subject matter and your exam-taking skills. Attempt the Pre-A and try to achieve the best score possible.
Once you have finished the Pre-A, a coaching report will be generated at the same location where you attended the Pre-A. This report will provide you with detailed information on your performance. By going through the coaching report, you will be able to understand your knowledge of the course content, topic by topic. Use this report to identify the topics you have scored the lowest on and revise these topics using the short notes you have taken and the TextBook of the module. Repeat this process until you pass the Pre-A with at least an 85% score.
Step 6 – Take the OA
Congratulations on your success so far.. Now that you have arrived at the end of your journey, all you need to do is pass the OA of Principles of Economics WGU D089. You have already proven that you are competent enough to pass the OA in your first attempt by acing the Pre-A. So without hesitation, schedule the OA at a time of your convenience and give it your best.
To take the OA, you should:
- Schedule the OA at a convenient time and date for you
- Make sure you have a stable internet connection, a webcam, and a microphone.
- Follow the proctoring instructions and rules carefully.
- Use the same strategies and skills that you used for the Pre-A
- Relax and be confident in your abilities.
Good Luck!!
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Tips and Tricks to Pass the OA👨🏻‍🏫
Preparing for the Objective Assessment (OA) in the Principles of Economics module requires a strategic approach, especially given the specific topics and nuances of the exam. Here are some targeted tips and general exam-taking strategies to help you succeed:
Key Preparation Tips
- Master Vocabulary: Focus on key terms like supply, demand, elasticity, LRAS, SRAS, and market structures. Flashcards can help.
- Graphing Skills: Practice drawing and interpreting graphs, especially related to supply and demand, and aggregate supply and demand models.
- Understand Externalities: Study positive and negative externalities, their impacts, and government interventions.
- Historical Context and Theories: Review unemployment history and Phillips curve concepts.
- Key Concepts:
- Supply, Demand, Elasticity: Understand and calculate price elasticity, opportunity cost, and marginal cost.
- Market Structures and Economic Systems: Know the characteristics of different market types and economic systems.
- Economic Indicators and Models: Be familiar with inflation, AD, AS, and their economic impacts.
General Exam-Taking Strategies
- Manage Time: Allocate your time wisely, ensuring enough time to review answers.
- Read Questions Carefully: Pay attention to keywords and what the question specifically asks.
- Use Elimination Method: Rule out incorrect answers to increase the chances of selecting the correct one.
- Answer All Questions: There’s no penalty for guessing, so answer every question.
- Stay Calm and Focused: Keep a positive mindset and move on if you encounter difficult questions, returning to them later if time permits.
By following these tips and focusing on key areas, you’ll be well-prepared for the OA. Good luck!
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FAQ âť“
Q: What should I focus on to pass the OA?
A: Master economic vocabulary, practice graphing, understand externalities, and study unemployment history and the Phillips curve.
Q: What resources are available to help me study?
A: Course textbooks, WGU-provided materials, online tutorials, flashcards for vocabulary, practice exams, and quizzes are useful resources.
Q: Who can I contact for additional help?
A: Reach out to your course instructor or mentor, join study groups, connect with peers, and use WGU’s academic support services.
Q: What are some key exam topics I should focus on?
A: Focus on supply and demand, elasticity, market structures, economic growth and fluctuations, inflation, LRAS and SRAS, and externalities.
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Conclusion đź“„
As you navigate the Principles of Economics module (WGU D089), remember to pace yourself and allocate sufficient time to study. This module is comprehensive and requires a solid understanding of various economic concepts, but with proper preparation, mastery is within your reach. Use this study guide to focus on key areas such as economic vocabulary, graphing, externalities, and historical economic theories. Utilize the resources available, practice diligently, and apply the exam-taking strategies provided. By systematically working through the material and reinforcing your understanding, you will be well-prepared for the Objective Assessment (OA). Trust in the process, stay focused, and you will find that success in this course is not only achievable but also rewarding. Good luck, and remember, consistent effort and strategic studying will lead you to success.