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ECO 372 Course Tutorial For more course tutorials visit www.uophelp.com
ECO 372 Course Tutorial ECO 372 Final Exam Guide ECO 372 Week 1 Discussion Question 1 • ) The largest source of household income in the U.S. is obtained from2) The market where business sell goods and services to households and the government is called the3) Real gross domestic product is best defined as4) Underemployment includes people • What is the difference between real and nominal GDP? Does GDP accurately reflect our nation’s well being? Explain.
ECO 372 Course Tutorial ECO 372 Week 1 Discussion Question 2 ECO 372 Week 1 Individual Assignment Term Definition Paper • Unemployment rate measures the number of unemployed workers in the labour force. List and explain three types of unemployment. Find the most recent unemployment rate of your state. From a personal perspective, can you explain your view of the current job market in your local area? • Prepare a 700- to 1,050-word paper in which you define the following terms: • Gross domestic product (GDP) • Real GDP • Unemployment rate • Inflation rate • Interest rate
ECO 372 Course Tutorial ECO 372 Week 2 Discussion Question 1 ECO 372 Week 2 Group Discussion Question • How do Classical and Keynesian economists differ in their view of the aggregate supply curve?How does this influence what Classical and Keynesian economists believe about fiscal policy? • Do you think the current President and Congress were taking Classical approach in their fiscal policies? Explain your answer. • What is the difference between contractionary and expansionary fiscal policies? Which is more appropriate today? Explain your answer. How might contractionary and expansionary fiscal policies affect your organization?
ECO 372 Course Tutorial ECO 372 Week 2 Team Assignment Industry Overview Paper ECO 372 Week 3 Discussion Question 1 • Prepare a 1,400-1,750-word paper based on your selected industry. Include in your paper a brief history of the industry, an industry overview, and a SWOTT (Strengths, Weaknesses, Opportunities, Threats, and Trends) analysis of the industry. Define and address the impact of the following required economic elements: • Real GDP • Unemployment rate • Inflation rate as measured by the Consumer Price Index (CPI) • What is the difference between contractionary and expansionary monetary policy? Which is more appropriate today? What are the impacts of this policy on US economy?
ECO 372 Course Tutorial ECO 372 Week 3 Group Discussion Question ECO 372 Week 3 Individual Assignment Fiscal Policy Alternatives Simulation • What are the uses of money?Describe how rapid inflation can undermine money’s ability to perform its three basic functions. Will current Fed's policy hinder money's ability to perform its three basic functions? Explain your rational. • Resource: Evaluating Fiscal Policy Alternatives simulation • Access and complete the Evaluating Fiscal Policy Alternatives simulation on the student website. Based on your learning, reading, and the simulation, prepare a 200-400-word summary: • Address your Growing Further results. • List the effects of the changes in fiscal policy in the simulation.
ECO 372 Course Tutorial ECO 372 Week 3 Team Assignment Economic Indicators Paper ECO 372 Week 4 Discussion Question 1 • Prepare a 1,400- to 1,750-word paper in which you define each indicator from the Industry Overview paper, and describe its current status. In addition, present a separate graph for each indicator, illustrating each historic trend. • Who benefits from a tariff or quota? Who loses? What are the positives and negatives of protectionist trade policies? Which policy is best right now?
ECO 372 Course Tutorial ECO 372 Week 4 Group Discussion Question ECO 372 Week 4 Team Assignment Economic Indicator Forecast Paper • Define trade surplus and trade deficit? How do trade deficits and surpluses affect exchange rate and the industry in which you work? • Use the economic indicators from your Industry Overview Paper. • Prepare a 1,400- to 1,750-word paper in which you compare and contrast at least two two-year forecasts from separate sources, for each economic indicator. • Include an explanation of the differences among forecasts for each indicator and a rationalization for which forecasts are most accurate. How does your chosen forecast affect operational and planning issues in your industry? Defend your opinion.
ECO 372 Course Tutorial ECO 372 Week 5 Individual Assignment Applying International Trade Concepts Simulation ECO 372 Week 5 Team Assignment Economic Project Paper • Resource: Applying International Trade Concepts simulation • Access and complete the Applying International Trade Concepts simulation, located on the Materials page of the student website. • Prepare a 200-400-word summary: • Address your Concept Summary results. • Prepare a 3,500- to 4,550-word paper based on the analysis in your Learning Team assignments that are applicable to the final project. • Include an in-depth analysis on how your forecast will affect your industry. • Include an evaluation of the effect of past and current fiscal policies, monetary policies, budget deficits, or surpluses on the economy and your industry.
ECO 372 Course Tutorial For more course tutorials visit www.uophelp.com