ECO 203 ASH Course Material - eco203dotcom

1. ECO 203 ASH Course Material - eco203dotcom

2. ECO 203 ASH Course Material ECO 203 Entire Course (Ash Course) ECO 203 Week 1 DQ 1 Economics Systems • ECO 203 Week 1 DQ 1 Economics Systems • ECO 203 Week 1 DQ 2 Role of Government • ECO 203 Week 1 Quiz • ECO 203 Week 2 DQ 1 The Current State of the Economy and Unemployment • ECO 203 Week 2 DQ 2 Who Benefits and Who Loses from Inflation ? • ECO 203 Week 2 Quiz • Discuss how your college education could be considered an investment in human capital.  What is the opportunity cost of your degree? • Reference: Chapter 1, section 1.1: Economics and Chapter 2, section 2.1: Limited Resources.

3. ECO 203 ASH Course Material ECO 203 Week 1 DQ 2 Role of Government ECO 203 Week 1 Quiz • In a mixed economy, elements of both central planning and market allocation of resources are used in allocating productive resources. The United States economy is a mixed economy, with a bias towards market allocation of resources. This means most resources are allocated in the private sector by way of markets. • 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?

4. ECO 203 ASH Course Material ECO 203 Week 2 DQ 1 The Current State of the Economy and Unemployment  ECO 203 Week 2 DQ 2 Who Benefits and Who Loses from Inflation • 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. A change in the amount of new production affects employment. • 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.

5. ECO 203 ASH Course Material ECO 203 Week 2 Quiz ECO 203 Week 3 AssignmentEfforts to Reduce the Budget Deficit • 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, then • 5. Question :  The turning points of the business cycle are called • 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 page paper,

6. ECO 203 ASH Course Material ECO 203 Week 3 Discussion Question 1 Government Fiscal Policy ECO 203 Week 3 Discussion Question 2 Budget Deficits and the National Debt • 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 Â’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: • 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.)

7. ECO 203 ASH Course Material ECO 203 Week 3 Quiz ECO 203 Week 4 DQ 1 (Federal Reserve Bank Policy during the 2007-2008 Recession) • 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 • Discussion 1 • 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.

8. ECO 203 ASH Course Material ECO 203 Week 4 DQ 2 (The Effect of Bank Lending on the Company) ECO 203 Week 4 Quiz • 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.  • 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 its

9. ECO 203 ASH Course Material ECO 203 Week 5 DQ 1 Foreign Direct Investment ECO 203 Week 5 DQ 2 Economies In Transition • Imagine you are in charge of development for a developing country and were approached by a multina-tional corporation interested in locating in your country. • 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.

10. ECO 203 ASH Course Material ECO 203 Week 5 Final Expansionary Economic Policy (Fiscal and Monetary) • 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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