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17 Cards in this Set
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ASHFORD ECO 203 Entire Course / Principles of Macroeconomics
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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 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 |
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ECO 203 Week 1 DQ 1 Economics Systems
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Economics Systems. 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. Guided Response: Review and respond to at least two of your classmates’ posts by replying to their posts on how a college education contributes to human capital and the opportunity cost of a degree. Be sure to refer to concepts found in the reading when responding to your classmates. |
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ECO 203 Week 1 DQ 2 Role of Government
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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. 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. Discuss whether you favor a larger or smaller role of government in the economy. Refer to concepts found in the reading to support your opinion. Reference: Chapter 2: Markets, Governments, and Nations: The Organization of Economic Activity Guided Response: Review and respond to at least two of your classmates’ by stating why you agree or disagree which economic activities the government is more efficient at providing, and which economic activities the private sector is more efficient at providing. |
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ECO 203 Week 1 Quiz
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Week One Quiz. Complete the quiz on the assigned readings for the week.
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ECO 203 Week 2 DQ 1 The Current State of the Economy and Unemployment
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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. Describe what would happen to GDP, the unemployment rate and the inflation rate if there is a decline in aggregate demand.
Reference: Chapter 6, section 6.3: Aggregate Equilibrium and Changes in Equilibrium.Guided Response: Review and respond to at least two of your classmates’ posts by discussing this question in terms of how a decrease in aggregate demand impacts GDP, and why the change in GDP affects unemployment. |
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ECO 203 Week 2 DQ 2 Who Benefits and Who Loses from Inflation
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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.
Reference: Chapter 4, section 4.3: Gainers and Losers from Inflation. Guided Response: Review and respond to at least two of your classmates’ posts by sharing any ideas you may have about how households and businesses can protect themselves against inflation. Be sure to refer to concepts found in the reading when responding to your classmates. |
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ECO 203 Week 2 Quiz
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Week Two Quiz. Complete the quiz on the assigned readings for the week.
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ECO 203 Week 3 Assignment Efforts to Reduce the Budget Deficit
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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, discuss the actions taken by Congress since 1985 to reduce the budget deficits.
Use scholarly sources to support the current debate between the White House and Congress regarding what measures are necessary to address spending and revenues (e.g., news reports, official statements, press conferences, as well as numerous government websites). Write a two- to three-page paper (not including title and reference pages), using at least three scholarly sources, not including the textbook, and must be formatted according to APA style as outlined in your approved style guide. Suggested references: Ashford University Online Library (follow the Library link within the tool bar on the left). Congressional Budget Office: www.cbo.gov. Internal Revenue Se |
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ECO 203 Week 3 DQ 1 Government Fiscal Policy
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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:
Discuss some actions taken by the federal government and whether the recession would have been longer and the unemployment rate higher if the government had not acted by passing the stimulus package? If left alone, do you believe the economy would have corrected itself as suggested by Classical economic theory? Explain. Discuss the effect these policies had on increasing the size of the budget deficits and the national debt. Reference: Chapter 9, section 9.4: More Recent Tax Changes, and Chapter 10, section 10.2: Early 1990s and 2000s Recessions. Guided Response: Review the discussion board posts of |
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ECO 203 Week 3 DQ 2 Budget Deficits and the National Debt
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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? Reference: Chapter 10, section 10.1: Debt and Deficits, and section 10.4: Do Deficits Matter? Guided Response: Review the discussion board posts of your classmates. Respond to at least two of your classmates with questions that allow them to extend their thinking. Support your ideas with concepts found in the assigned reading. |
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ECO 203 Week 3 Quiz
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Week Three Quiz. Complete the quiz on the assigned readings for the week.
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ECO 203 Week 4 DQ 1 Federal Reserve Bank Policy during the 2007-2008 Recession
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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 as: How the Federal Reserve’s lending practices changed during this period. What did the Federal Reserve do to support firms deemed “too big to fail.” Do you believe these actions were necessary to avoid a collapse in the financial system? Support your opinion with information from the textbook or external source(s). Reference: Chapter 12, section 12.4: Bank Failures During the Great Recession, Chapter 14, section 14.4:Monetary Policy in the 2000s, and Conclusions section at the end of the Chapter 14 Guided Response: Review the posts of your classmates and respond to at least two of your classmates by agreeing or disagreeing with their opinions on whether the Federal Reserve actions were necessary to avoid the |
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ECO 203 Week 4 DQ 2 The Effect of Bank Lending on the Economy
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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 andpotential borrowers look risky. This is known as a “credit crunch”. Explain how a credit crunch affects economic growth. Specifically, answer these questions in your post:
How does a credit crunch affect consumer spending and business investment? How does a credit crunch affect aggregate demand, GDP, and unemployment? Reference: Chapter 14.1 Is Monetary Policy Effective? and section 14.3: Domestic Sectoral Effects. Guided Response: Review the discussion board posts of your classmates. Respond to at least two of your classmates with responses that allow them to extend their thinking. Support your ideas with concepts found in the assigned reading. |
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ECO 203 Week 4 Quiz
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Week Four Quiz. Complete the quiz on the assigned readings for the week.
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ECO 203 Week 5 DQ 1 Foreign Direct Investment
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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. Identify some of the benefits and some of the costs to the host country from allowing a multinational corporation to locate in a country with a developing economy. Discuss with your classmates if developmental assistance from world developmental agencies, such as the World Bank or the United Nations, would be preferable to private investment. Reference: Chapter 17, section 17.5: Help From The Private Sector: Multinationals. Guided Response: Review several of your classmates’ posts and respond to at least two of them. In your reply, discuss how the concerns listed in their posts regarding private foreign investment could be alleviated through aide from world development agencies. |
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ECO 203 Week 5 DQ 2 Economies in Transition
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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.
Reference: Chapter 20, section 20.1: World Economic Systems, and section 20.2: Transition to a Market System. Guided Response: Review several of your classmates’ posts. Respond to at least two of your peers by discussing the benefits and the costs of privatization of an economy. Pose questions that may assist your peers in extending their thinking. |
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ECO 203 Week 5 Final Paper Expansionary Economic Policy
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Focus of the 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. Expansionary Fiscal Policy: Review Chapter 7:Classical Macroeconomics and the Keynesian Challenge and Chapter 9: Taxes, Government Spending, and Fiscal Policy. Explain the actions the federal government would take while engaging in expansionary fiscal policy in terms of the following: The necessary change in taxes and government spending, The effect on aggregate demand, GDP, and employment. Final Paper Expansionary Monetary Policy: Review Chapter 12: Banking and The Federal Reserve System and Chapter 14: Monetary Policy In Theory And Practice. Identify the three tools available to the Federal Reserve Bank (The Fed) when conducting monetary policy. Explain whether the Fed would: Increase or decrease the required reserve |
