ECO 203 Tutorials Education Expert/ eco203tutorialsdotcom

1. ECO 203 Tutorials Education Expert/ eco203tutorialsdotcom FOR MORE CLASSES VISIT www.eco203tutorials.com

2. ECO 203 Entire Course (Ash Course) • ECO 203 Week 1 DQ 1 Economics Systems • ECO 203 Week 1 DQ 2 Role of Government • ECO 203 Week 1 Quiz

3. ECO 203 Week 1 DQ 1 Economics Systems (Ash Course) • Week 1 • Economics Systems. Discuss how your college education could be considered an investment in human capital. • What is the opportunity cost of your degree?

4. ECO 203 Week 1 DQ 2 Role of Government (Ash Course) • Role of Government. Economics is the study of how society chooses to allocate its scarce productive resources • (labor, capital, land, entrepreneurial talent). • In a mixed economy, elements of both central planning and market allocation of resources are used in allocating productive resources.

5. ECO 203 Week 1 Quiz (Ash Course) • 1. Question : If an individual's income increases, then the demand for a normal good will • 2. Question : An example of investment, as defined in economics, is • 3. Question : All but which one of the following could shift the demand curve?

6. ECO 203 Week 2 DQ 1 The Current State of the Economy and Unemployment (Ash Course) • The Current State of the Economy and Unemployment. Imagine a scenario where there is a decline in aggregate demand. • Identify which part of the business cycle is part of a decline in aggregate demand. Gross Domestic Product (GDP) measures the amount of new production.

7. ECO 203 Week 2 DQ 2 Who Benefits and Who Loses from Inflation (Ash Course) • Who Benefits and Who Loses from Inflation? Inflation is an important policy issue because it causes a • redistribution of income and wealth, and discourages saving and investment. Discuss how inflation affects borrowers and lenders, • asset prices, and households on fixed incomes.

8. ECO 203 Week 2 Quiz (Ash Course) • 1. Question : The term “recession” refers to a • 2. Question : Who is NOT a loser in inflation? • 3. Question : The transfer of funds from savers to business investors takes place in the • 4. Question : If taxes increase and the AS curve is upward sloping

9. ECO 203 Week 3 Assignment Efforts to Reduce the Budget Deficit (Ash Course) • Efforts to Reduce the Budget Deficit. The rapid growth of the national debt alarmed some politicians and created pressure for restricting • Congress's unlimited ability to spend. After reviewing Chapter 10, Section 10.2: Efforts to Reduce the Deficit, write a 2-3

10. ECO 203 Week 3 DQ 1 Government Fiscal Policy (Ash Course) • Government Fiscal Policy. Between 2007 and 2009 the U.S. economy experienced a severe recession. In an effort to stimulate the • economy, the federal government passed a stimulus package. Explain the federal government’s use of fiscal policy (the stimulus) to • promote growth and employment. Support your ideas with concepts found in the assigned reading. Include the following in your response

11. ECO 203 Week 3 DQ 2 Budget Deficits and the National Debt (Ash Course) • Budget Deficits and the National Debt. Between 2007 and 2011 the federal budget deficit grew from $160.7 billion to $1,299.6 billion, • and the national debt grew from $8.9 trillion to $14.8 trillion. (Figure 10.1: The ratio of debt to GDP, 1977-2011.) • In your post, differentiate the budget deficit from the national debt. How do you think the increases in the budget deficits and the national

12. ECO 203 Week 3 Quiz (Ash Course) • 1. Question : The time between the legislation of fiscal policy and its effect on output and employment is called • 2. Question : The federal income tax is • 3. Question : The largest single item in the federal budget is • 4. Question : The Investment Tax Credit

13. ECO 203 Week 4 DQ 1 Federal Reserve Bank Policy during the 2007-2008 Recession (Ash Course) • Fed Policy during the 2007-2008 Recession. [Insert prompt].From 2007-2010, the Federal Reserve Bank (the Fed) used many practices that had never before been seen from the central bank of the United States. • Discuss the some of the actions that the Fed took during this period. Such

14. ECO 203 Week 4 DQ 2 The Effect of Bank Lending on the Economy (Ash Course) • The Effect of Bank Lending on the Economy. In conducting expansionary monetary policy, even if the Federal Reserve Bank is providing • reserves to the banking system, during a recession or during periods of slow economic growth, banks may choose not to lend out their reserves • when interest rates are low and potential borrowers look risky. This is known as a “credit crunch”. Explain how a credit crunch affects economic growth.

15. ECO 203 Week 4 Quiz (Ash Course) • 1. Question : M1 includes all but which one of the following? • 2. Question : The transactions demand for money depends on • 3. Question : Individuals accept dollars because • 4. Question : The fact that money is legal tender increases

16. ECO 203 Week 5 DQ 1 Foreign Direct Investment (Ash Course) • Foreign Direct Investment. Imagine you are in charge of development for a developing country and were approached by a multinational • corporation interested in locating in your country.

17. ECO 203 Week 5 DQ 2 Economies in Transition (Ash Course) • Economies in Transition. The movement in the direction of a market-based system with freely determined prices, competition, profits, private ownership, and other features of capitalism is not simple. Discuss some of the challenges associated with an economy transitioning from socialism to capitalism.

18. ECO 203 Week 5 Final Paper Expansionary Economic Policy (Ash Course) • Week 5 Final Paper • In an effort to move the economy out of a recession, the federal government would engage in expansionary economic policies. • Describe the actions the government would take in conducting expansionary fiscal policy and expansionary monetary policy.

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