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ECO 203 Week 1 DQ 1 Economics Systems (Ash Course)
ECO 203 Week 1 DQ 1 Economics Systems (Ash Course)
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Economics Systems-Discussion 1
Discuss how your college education could be considered an investment in human capital.  What is the opportunity cost of y...
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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 2 Role of Government (Ash Course)
ECO 203 Week 1 DQ 2 Role of Government (Ash Course)
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Role of Government-Discussion 2
 
Economics is the study of how society chooses to allocate its scarce productive resources (labor, capital, land, entr...
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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 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
ECO 203 Week 1 Quiz (Ash Course)
ECO 203 Week 1 Quiz (Ash Course)
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 1.         Question :       If an individual's income increases, then the demand for a normal good will

 2.        Question :       An example of inv...
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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?

5. Question : When price changes, one should expect a change in

6. Question : Demand relates the various amounts that consumers are willing to buy over a specified time period

7. Question : When the government redistributes income, it is answering a basic economic question. Which one?

8. Question : Self-interested behavior and incentives are

9. Question : Which o
ECO 203 Week 2 DQ 1 The Current State of the Economy and Unemployment  (Ash Course)
ECO 203 Week 2 DQ 1 The Current State of the Economy and Unemployment (Ash Course)
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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...
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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.
ECO 203 Week 2 DQ 2 Who Benefits and Who Loses from Inflation? (Ash Course)
ECO 203 Week 2 DQ 2 Who Benefits and Who Loses from Inflation? (Ash Course)
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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 discourag...
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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.
ECO 203 Week 2 Quiz (Ash Course)
ECO 203 Week 2 Quiz (Ash Course)
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 1.         Question :       The term “recession” refers to a

 2.        Question :       Who is NOT a loser in inflation?

 3.        Question ...
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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

6. Question : As an economy recovers from a trough in the business cycle,

7. Question : Short-term unemployment while searching for a new job is called

8. Question : Economists use the phrase "business cycle" when discussing

9. Question : In the circular flow model, how can households use their income?

10. Question : The curve that shows quantities of total real output that will be offered for sale at various price levels
ECO 203 Week 3 Assignment Efforts to Reduce the Budget Deficit (Ash Course)
ECO 203 Week 3 Assignment Efforts to Reduce the Budget Deficit (Ash Course)
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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 u...
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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, 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.

Include some authoritative sources on the current debate between the White House and Congress on what measures are necessary to address spending and revenues, i.e. news reports, official statements, press conferences, as well as numerous government websites.
Suggested references:

Ashford University Online Library (follow the Library link within the left-handed tool bar).
Congressional Budget Office: www.cbo.gov.
Internal Revenue Service: www.irs.gov.
The Executive
ECO 203 Week 3 Discussion Question 1 Government Fiscal Policy (Ash Course)
ECO 203 Week 3 Discussion Question 1 Government Fiscal Policy (Ash Course)
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Government Fiscal Policy
Between 2007 and 2009 theU.S.economy experienced a severe recession.   In an effort to stimulate the economy, the federal g...
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Government Fiscal Policy
Between 2007 and 2009 theU.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?Â
• 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:Â Chapter 9, section 9.4: More Recent Tax Changes, and Chapter 10
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 (Ash Course)
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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 tri...
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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.)Â
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?
ECO 203 Week 3 Quiz (Ash Course)
ECO 203 Week 3 Quiz (Ash Course)
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 1.         Question :       The time between the legislation of fiscal policy and its effect on output and employment is called

 2.        Question :...
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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

5. Question : The measured deficit would be larger if

6. Question : Opponents of discretionary fiscal policy believe that it

7. Question : Keynes blamed economic downturns primarily on

8. Question : Keynes argued that planned saving was

9. Question : A structural deficit

10. Question : When aggregate planned expenditure falls short of potential output, the economy experiences
ECO 203 Week 4 DQ 1 (Federal Reserve Bank Policy during the 2007-2008 Recession) (Ash Course)
ECO 203 Week 4 DQ 1 (Federal Reserve Bank Policy during the 2007-2008 Recession) (Ash Course)
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Discussion 1

Federal Reserve Bank Policy during the 2007-2008 Recession
From 2007-2010, the Federal Reserve Bank (the Fed) used many practices that h...
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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.
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
ECO 203 Week 4 DQ 2 (The Effect of Bank Lending on the Company) (Ash Course)
ECO 203 Week 4 DQ 2 (The Effect of Bank Lending on the Company) (Ash Course)
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 Discussion 2

The Effect of Bank Lending on the Economy

In conducting expansionary monetary policy, even if the Federal Reserve Bank is providing r...
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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 are low and potential 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.
ECO 203 Week 4 Quiz (Ash Course)
ECO 203 Week 4 Quiz (Ash Course)
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 1.         Question :       M1 includes all but which one of the following?

 2.        Question :       The transactions demand for money depends on
...
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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

5. Question : According to the M1 definition, the money supply consists of currency held by the public plus

6. Question : To keep the federal funds rate from rising above the target zone, the Fed must

7. Question : If the Fed sells government bonds on the open market, which of the following is likely to occur?

8. Question : When the Federal Open Market Committee buys a government bond from a bank,

9. Question : Transactions that involve the direct trade of one good for another are called

10. Question : The ability of
ECO 203 Week 5 DQ 1 Foreign Direct Investment (Ash Course)
ECO 203 Week 5 DQ 1 Foreign Direct Investment (Ash Course)
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Discussion 1
Foreign Direct Investment
Imagine you are in charge of development for a developing country and were approached by a multina-tional corpor...
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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 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.
ECO 203 Week 5 DQ 2 Economies In Transition (Ash Course)
ECO 203 Week 5 DQ 2 Economies In Transition (Ash Course)
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Discussion 2
Economies in Transition
The movement in the direction of a market-based system with freely determined prices, competition, profits, privat...
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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.
Reference: Chapter 20, section 20.1: World Economic Systems, and section 20.2: Transition to a Market System.
ECO 203 Week 5 Final Expansionary Economic Policy (Fiscal and Monetary) (Ash Course)
ECO 203 Week 5 Final Expansionary Economic Policy (Fiscal and Monetary) (Ash Course)
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Help..ECO 203 WK 5 assignment
Expansionary Economic Policy
Focus of the Final Paper

In an effort to move the economy out of a recession, the federal...
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Help..ECO 203 WK 5 assignment
Expansionary Economic Policy
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.
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 availabl
ECO 203 Entire Course (Ash Course)
ECO 203 Entire Course (Ash Course)
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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 ...
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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