Ashford University ECO 203 ECO203 Principles of Macroeconomics All DQS and Assignment Document Transcript
Ashford University ECO 203 ECO203 Principles of MacroeconomicsAll DQS and Assignment (Latest Version) Got 100%Ashford University ECO 203 ECO203 Principles of MacroeconomicsAll DQS and Assignment (Latest Version) Got 100%Ashford University ECO 203 ECO203 Principles of MacroeconomicsAll DQS and Assignment (Latest Version) Got 100%Click Here to Download- Buy the Tutorial- AnswersFiles IncludedECO 203 - Week 1 DQ 1 - Opportunity Costs.ECO 203 - Week 1 DQ 2 - NYC RentECO 203 - Week 2 DQ 1 - The Local Job ForceECO 203 - Week 2 DQ 2 - GDPECO 203 - Week 3 DQ 1 - In RetrospectECO 203 - Week 3 DQ 2 - The Money SupplyECO 203 - Week 3 Assignment - Fed and Its ToolsECO 203 - Week 4 DQ 1 - Wage IncreasesECO 203 - Week 4 DQ 2 - InflationECO 203 - Week 5 DQ 1 - Balanced BudgetsECO 203 - Week 5 DQ 2 - Output vs. WorkersECO 203 - Week 5 Assignment - Final Paper
Course DetailsWeek 1 DQ1Opportunity CostsOne of the scarce resources that constrain our behavior is time. Each of us has only 24 hours ina day. How do you go about allocating your time in a given day among competing alternatives?How do you go about weighing the alternatives? How can you apply the concepts of opportunitycost to your decision to attend Ashford? Use the notion of opportunity cost in your answer.Respond to at least two of your classmates’ postingsWeek 1 DQ2NYC RentThe rent for apartments in New York City has been rising sharply. Demand for apartments inNew York City has been rising sharply as well. This is hard to explain because the law ofdemand says that higher prices should lead to lower demand. Do you agree or disagree? How isthis going to affect prices in the market for New York City? Make sure to provide appropriateeconomic terms in your answers. Respond to at least two of your classmates’ postingsWeek 2 DQ1The Local Job ForceVisit the Bureau of Labor Statistics and click on the links for state employment andunemployment. Look at your home state and describe what changes have taken place in theworkforce and unemployment rate. Has the labor force participation rate gone up or down?Provide an explanation for the rate change. Are your state’s experiences the same as the rest ofthe country? Provide an explanation of why your state’s experiences are the same or differentfrom the rest of the country. Respond to at least two of your classmates’ postingsWeek 2 DQ2GDPWith each of the following examples, please explain what happens to contributions to GDP andeconomic growth in each of the following statements: a. A woman who makes a living charging for investment advice on her Internet websitemarries one of her clients, to whom she now provides advice at no charge. b. A tennis player wins two top professional tournaments as an unpaid amateur,meaning the tournament sponsor does not have to pay out his share of prize money. c. A public utility installs new antipollution equipment in its smokestacks.Respond to at least two of your classmates’ postingsWeek 3 DQ1In RetrospectWhile many thought that the 2008 fiscal stimulus plan described in the feature on pg. 174 was agood idea, some did not. Some even thought that Congress didn’t go far enough. In retrospect,who was right? Did the economy experience a recession in 2008 or 2009? What happened toemployment during the rest of 2008? What are some of the alternatives to a tax cut that mighthave been used? Respond to at least two of your classmates’ postingsWeek 3 DQ2The Money SupplyWhy do you think the FED evaluates the money multiplier when making decisions with regard tothe money supply? What function does the money supply serve in our economy to influence
certain economic variables? Why does the FED like to fight inflation in our economy and isinflation a concern right now given our current economic situation? Respond to at least two ofyour classmates’ postingsWEEK 3 ASSIGNMENTFed and Its ToolsGiven the role of the Fed in our economy, how can the Fed use the tools that it has to influencean economy that it is in a recession? The Fed has three tools to influence the direction of theeconomy; in your two to three page paper, make sure to address each of them and what the Fedshould do to get the economy out of a recession.Week 4 DQ1Wage IncreasesYour boss offers you a wage increase of 10 percent. Is it possible that you are worse off with thewage increase than you were before? Explain your answer using proper economic terms andanalysis. Respond to at least two of your classmates’ postingsWeek 4 DQ2InflationOn pg. 255 in your text, The Economics in Practice describes the increase in food prices aroundthe world in 2008. Since food, in large measure, affects the real income of households,increasing prices will eventually push up wages and have an impact on the aggregate supplycurve. Central banks were very worried about the prospects for inflation becoming generalized.To stop inflation, what would the Fed be likely to do? What are the consequences for theeconomy? Specifically, what would be the effects on employment and unemployment given theactions taken by the Fed? Respond to at least two of your classmates’ postingsWeek 5 DQ1Balanced BudgetsSome states are required to balance their budgets. Is this measure stabilizing or destabilizing?Suppose all states were committed to a balanced budget philosophy and the economy movedinto a recession. What effects would this philosophy have on the size of the federal deficit?Respond to at least two of your classmates’ postingsWeek 5 DQ2Output vs. WorkersBetween October 2004 and 2005, real GDP in the United States increased by 3.6 percent, whilenonfarm payroll jobs increased by only 1.4 percent. How is it possible for output to increasewithout a proportional increase in the number of workers? What are the implications in oureconomy of more output being produced by less workers? Respond to at least two of yourclassmates’ postingsWEEK 5 ASSIGNMENTFinal PaperComplete a 5-6 page final paper that completely answers the following:Economists generally agree that high budget deficits today will reduce the growth rate of theeconomy in the future. Why? Do the reasons for the high budget deficit matter? In other words,does it matter whether the deficit is caused by lower taxes, increased defense spending, morejob-training programs, and so on? In your analysis, what role do fiscal and monetary policies
have to lead to higher or lower budget deficits? How do budget deficits affect overall long-termeconomic growth and the debt that the U.S. has to contend with?Writing the Final PaperThe Final Paper: • Must be 5 to 6 double-spaced pages in length and formatted according to APA style as outlined in your approved style guide. • Must have a cover page that includes: • Title of paper • Student’s name • Course name and number • Instructor’s name • Date submittedMust include an introductory paragraph with a succinct thesis statement. Must address the topicof the paper with critical thought. Must conclude with a restatement of the thesis and aconclusion paragraph. Must use at least four scholarly resources. Must use APA style asoutlined in your approved style guide to ument all sources. Must include, on the final page,a Reference List that is completed according to APA style as outlined in your approved styleguide.