ECO 203 Academic Success/snaptutorial

1
ECO 203 Courses
For more Classes VISIT
www.snaptutorial.com
2
ECO 203 Courses

• ECO 203 Entire Course
• For more classes visit
• www.snaptutorial.com
• 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

3
ECO 203 Courses

• ECO 203 Week 1 DQ 1 Economics Systems
• For more classes visit
• www.snaptutorial.com
• 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.

4
ECO 203 Courses

• ECO 203 Week 1 DQ 2 Role of Government
• For more classes visit
• www.snaptutorial.com
• 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.

5
ECO 203 Courses

• ECO 203 Week 1 Quiz
• For more classes visit
• www.snaptutorial.com
• 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
ECO 203 Courses

• ECO 203 Week 2 DQ 1 The Current State of the
  Economy and Unemployment
• For more classes visit
• www.snaptutorial.com
• 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.

7
ECO 203 Courses

• ECO 203 Week 2 DQ 2 Who Benefits and Who Loses
  from Inflation
• For more classes visit
• www.snaptutorial.com
• 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.

8
ECO 203 Courses

• ECO 203 Week 2 Quiz
• For more classes visit
• www.snaptutorial.com
• 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
ECO 203 Courses

• ECO 203 Week 3 Assignment Efforts to Reduce the
  Budget Deficit
• For more classes visit
• www.snaptutorial.com
• 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

10
ECO 203 Courses

• ECO 203 Week 3 Discussion Question 1 Government
  Fiscal Policy
• For more classes visit
• www.snaptutorial.com
• ECO 203 Week 3 Discussion Question 1
• 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
  governmentÂs 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 Courses

• ECO 203 Week 3 Discussion Question 2 Budget
  Deficits and the National Debt
• For more classes visit
• www.snaptutorial.com
• 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.)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?

12
ECO 203 Courses

• ECO 203 Week 3 Quiz
• For more classes visit
• www.snaptutorial.com
• 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

13
ECO 203 Courses

• ECO 203 Week 4 DQ 1 (Federal Reserve Bank Policy
  during the 2007 To 2008 Recession)
• For more classes visit
• www.snaptutorial.com
• 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 Reserves lending practices
  changed during this period.

14
ECO 203 Courses

• ECO 203 Week 4 DQ 2 (The Effect of Bank Lending
  on the Company)
• For more classes visit
• www.snaptutorial.com
• 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

15
ECO 203 Courses

• ECO 203 Week 4 Quiz
• For more classes visit
• www.snaptutorial.com
• . 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?

16
ECO 203 Courses

• ECO 203 Week 5 DQ 1 Foreign Direct Investment
• For more classes visit
• www.snaptutorial.com
• 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

17
ECO 203 Courses

• ECO 203 Week 5 DQ 2 Economies In Transition
• For more classes visit
• www.snaptutorial.com
• 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.

18
ECO 203 Courses

• ECO 203 Week 5 Final Paper Expansionary Economic
  Policy
• For more classes visit
• www.snaptutorial.com
• Discussion 2
• 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.
• Expansionary Fiscal Policy
• Review Chapter 7 Classical Macroeconomics and
  the Keynesian Challenge and

19
ECO 203 Courses
A Grades