AB 204 Experience Tradition/uophelp.com

1. AB 204 Experience Tradition/uophelp.com for more course tutorials visit www.uophelp.com

2. AB 204 Experience Tradition/uophelp.com AB 204 Unit 1 -- Unit 9 All Assignments For more course tutorials visit www.uophelp.com • Check the included Assignments details Below • AB 204 Unit 1 Assignment Ten Principles of Economics • AB 204 Unit 2 Assignment Economic Models and Comparative Advantage • AB 204 Unit 3 Assignment Supply and Demand Model and PPF • AB 204 Unit 4 Assignment • AB 204 Unit 5 Assignment • AB 204 Unit 6 Assignment

3. AB 204 Experience Tradition/uophelp.com AB 204 Unit 1 Assignment Ten Principles of Economics For more course tutorials visit www.uophelp.com • This Assignment deals with the Ten Principles of Economics and their applications to different scenarios. Each scenario below practices one of the 10 principles of economics.  Match the principles to the appropriate scenario listed and justify your answer.  Each principle will only be used once. Refer to chapter one for the details on the ten principles of economics.

4. AB 204 Experience Tradition/uophelp.com AB 204 Unit 2 Assignment Economic Models and Comparative Advantage For more course tutorials visit www.uophelp.com • Explain the difference between absolute advantage and comparative advantage. Which is more important in determining trade between individuals or countries? Is it absolute advantage or comparative advantage? Why?

5. AB 204 Experience Tradition/uophelp.com AB 204 Unit 3 Assignment Supply and Demand Model and PPF For more course tutorials visit www.uophelp.com • 1) The table below indicates the total quantity supplied and demanded of flashlights at different price levels.  • Draw Supply and Demand Curves. • What are the equilibrium price and the equilibrium quantity? • Suppose the market price is $5.

6. AB 204 Experience Tradition/uophelp.com AB 204 Unit 4 Assignment For more course tutorials visit www.uophelp.com • 1) U.S. real GDP is substantially higher today than it was 60 years ago. What does this tell us, and what does it not tell us, about the well-being of U.S. residents? What are the limitations of the GDP as a measure of economic well-being? Given the limitations, why is GDP usually regarded as the best single measure of a society’s economic well-being?

7. AB 204 Experience Tradition/uophelp.com AB 204 Unit 5 Assignment For more course tutorials visit www.uophelp.com • 1) Assume there is a simple economy where people consume only 2 goods, food and clothing. Further assume that the market basket of goods used to compute the CPI consists of 100 units of food and 20 units of clothing. • 2) Calculate how much each of the following items is worth in terms of today's dollars using 180 as the price index for today.

8. AB 204 Experience Tradition/uophelp.com AB 204 Unit 6 Assignment For more course tutorials visit www.uophelp.com • PART 1: Comparing Long-Run Economic Growth Rates of Countries • Use the electronic library and databases to conduct research to identify the key factors that determine long term economic growth. You can find the most up-to-date reports on the economic growth trends of different countries under the World Bank website linked below.

9. AB 204 Experience Tradition/uophelp.com AB 204 Unit 7 Assignment Money, Banks and the Federal Reserve System For more course tutorials visit www.uophelp.com • . This section deals with increase money supply given two scenarios (see “a” and “b” below). • In Westlandia, the public holds 50% of money one (M1) in the form of currency, and the required reserve ratio is 20%. • 2. Explain how each of the following changes quantity of money (money supply) in the economy. • 3. Assume that in a country the total holdings of banks were as follows:

10. AB 204 Experience Tradition/uophelp.com AB 204 Unit 8 Assignment For more course tutorials visit www.uophelp.com • 1. Long-run Macroeconomic Equilibrium and Stock Market Boom • Let us assume the economy reaches its long-run macroeconomic equilibrium in 2020. When the economy is in the long run macroeconomic equilibrium, the stock market will also reach its boom. This will in turn lead to increases in stock prices more than expected, and the stock prices will stay high for some period.

11. AB 204 Experience Tradition/uophelp.com AB 204 Unit 9 Assignment Monetary and Fiscal Policy, Macroeconomic Fluctuations and Macroeconomic Equilibrium For more course tutorials visit www.uophelp.com • 1. Refer to the sets of the aggregate demand, short-run aggregate supply, and long-run aggregate supply curves. Use the graphs to explain the process and steps by which each of the following economic scenarios will shift the economy from one long-run macroeconomic equilibrium to another equilibrium. Under each scenario, elaborate the short-run and long-run effects of the shifts in the aggregate demand and aggregate supply curves on the aggregate price level and aggregate output (real GDP).

12. AB 204 Experience Tradition/uophelp.com for more course tutorials visit www.uophelp.com