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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 ECO 203 Week 3 DQ 1 Government Fiscal Policy ECO 203 Week 3 DQ 2 Budget Deficits and the National Debt ECO 203 Week 3 Assignment Efforts to Reduce the Budget Deficit ECO 203 Week 3 Quiz ECO 203 Week 4 DQ 1 Federal Reserve Bank Policy during the 2007-2008 Recession ECO 203 Week 4 DQ 2 The Effect of Bank Lending on the Economy ECO 203 Week 4 Quiz ECO 203 Week 5 DQ 1 Foreign Direct Investment ECO 203 Week 5 DQ 2 Economies in Transition ECO 203 Week 5 Final Paper Expansionary Economic Policy
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ECO 203 ASH COURSE TUTORIAL ECO 203 Entire Course (Ash Course) ECO 203 Week 1 DQ 1 Economics Systems Economics Systems-Discussion 1 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. • ECO 203 Week 1 DQ 1 Economics SystemsECO 203 Week 1 DQ 2 Role of GovernmentECO 203 Week 1 QuizECO 203 Week 2 DQ 1 The Current State of the Economy and UnemploymentECO 203 Week 2 DQ 2 Who Benefits and Who Loses from Inflation ?ECO 203 Week 2 Quiz
ECO 203 ASH COURSE TUTORIAL ECO 203 Week 1 DQ 2 Role of Government (Ash Course) 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? 4. Question : When a firm decides to replace some workers with robots in its production process, it is making a decision about one of the basic economic questions. Which one? • Role of Government-Discussion 2 • 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. The
ECO 203 ASH COURSE TUTORIAL 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 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. • 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. A change in the amount of new production affects employment.
ECO 203 ASH COURSE TUTORIAL ECO 203 Week 2 Quiz ECO 203 Week 3 Assignment Efforts to Reduce the Budget Deficit 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, formatted according to APA style as outlined in your approved style guide, discussing the actions taken by the Congress since 1985 to reduce the budget deficits. • 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
ECO 203 ASH COURSE TUTORIAL ECO 203 Week 3 Discussion Question 2 Budget Deficits and the National Debt (Ash Course) ECO 203 Week 3 Discussion Question 2 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 debt will affect the economy in the future? • ECO 203 Week 3 Discussion Question 2 • 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,
ECO 203 ASH COURSE TUTORIAL ECO 203 Week 3 Quiz ECO 203 Week 4 DQ 1 (Federal Reserve Bank Policy during the 2007 To 2008 Recession Discussion 1 Federal Reserve Bank Policy during the 2007-2008 Recession 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. • 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
ECO 203 ASH COURSE TUTORIAL ECO 203 Week 4 DQ 2 (The Effect of Bank Lending on the Company) (Ash Course) ECO 203 Week 4 Quiz 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 • Discussion 2 • 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
ECO 203 ASH COURSE TUTORIAL ECO 203 Week 5 DQ 1 Foreign Direct Investment (Ash Course) ECO 203 Week 5 DQ 2 Economies In Transition Discussion 2 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. • Discussion 1 • Foreign Direct Investment • 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. • Identify some of the benefits and some of the costs to
ECO 203 ASH COURSE TUTORIAL ECO 203 Week 5 Final Paper Expansionary Economic Policy • Week 5 Final PaperIn 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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