eco 203 expert Focus Dreams/eco203expertdotcom

1
eco 203 expert Focus Dreams/eco203expertdotcom

•  
•  
• FOR MORE CLASSES VISIT
• www.eco203expert.com

2
ECO 203 Entire Course (3 Set)   FOR MORE
CLASSES VISIT www.eco203expert.com   ECO 203
Week 1 DQ 1 Economics Systems ECO 203 Week 1 DQ 2
Role of Government ECO 203 Week 1 Quiz (4
Set) ECO 203 Week 2 Journal Challenges to the
American Labor Force 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?
3
ECO 203 Week 1 DQ 1 Economics Systems (Ash
Course)   FOR MORE CLASSES VISIT
www.eco203expert.com  Week 1 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.
4
ECO 203 Week 1 DQ 2 Role of Government (Ash
Course)   FOR MORE CLASSES VISIT
www.eco203expert.com   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.
5
ECO 203 Week 1 Quiz 1     1.         Question
        An economy that does NOT engage in
international trade is 2.         Question
        In what kind of economy is a central
planning board or commission typically used to
answer the basic economic questions? 3.        
Question         All but which one of the
following could shift the demand
curve? 4.         Question         The basis for
a market solution to the basic economic questions
is 5.         Question         When economists
say "consumers vote with their dollars,.
6
ECO 203 week 1 Quiz 2     1.         Question
        An example of investment, as defined in
economics, is 2.         Question         What
function of government promotes price stability
and full employment? 3.         Question        
An economic system is said to be 4.        
Question         The measure of the cost of a
particular good in terms of what is given up to
produce that good is called 5.         Question
        In a market system, property rights are
enforced by 6.         Question         The
basic economic problem is 7.         Question
        In a market economy, what to produce is
primarily decided .
7
ECO 203 Week 1 Quiz 3     1.         Question
        Macroeconomics is the study
of 2.         Question         An economic
system is said to be 3.         Question        
A shift to the right (away from the origin) of a
production possibilities curve is an illustration
of 4.         Question         The self-interest
assumption is made by economists
because 5.         Question         When price
changes, there is an opposite change in
the 6.         Question         Demand relates
the various amounts that consumers are willing to
buy over a specified time period.
8
ECO 203 Week 1 Quiz 4 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.
9
ECO 203 Week 2 DQ 1 The Current State of the
Economy and Unemployment (Ash Course)   FOR
MORE CLASSES VISIT www.eco203expert.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.
10
ECO 203 Week 2 DQ 2 Who Benefits and Who Loses
from Inflation ? (Ash Course)   FOR MORE
CLASSES VISIT www.eco203expert.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.
11
ECO 203 Week 2 Quiz 1     1.         Question
        All but which one of the following are
possible benefits of economic growth? 2.        
Question         A country is in a recession
if 3.         Question         All but one of
the following will shift the aggregate supply
curve to the right. 4.         Question        
The labor force is composed of 5.        
Question         When the jobs available in a
market don't fit the skills of those looking for
work, the economy is experiencing 6.        
Question         If aggregate demand increases
and the aggregate supply curve is upward sloping
and unchanged, 7.         Question        
Cyclical unemployment is a function .
12
ECO 203 Week 2 Quiz 2     1.         Question
        A very important fact about national
income accounting is that 2.         Question
        Who is NOT a loser in inflation? 3.      
   Question         Cyclical unemployment is a
function of 4.         Question         A
country is in a recession if 5.         Question
        Which of the following is a criticism of
the CPI? 6.         Question         If taxes
increase and the AS curve is upward sloping.
13
ECO 203 week 2 Quiz 3     1.         Question
        GDP is defined as 2.         Question
        The transfer of funds from savers to
business investors takes place in the 3.        
Question         The curve that shows quantities
of total real output that will be offered for
sale at various price levels is called
the 4.         Question         The turning
points of the business cycle are
called 5.         Question         Which of the
following is a criticism of the CPI?
14
ECO 203 Week 2 Quiz     1.         Question
        Who is most likely to be a winner during
inflationary times? 2.         Question        
A very important fact about national income
accounting is that 3.         Question        
Policies to reduce fluctuations in output and
employment are called 4.         Question
        All but which one of the following are
possible benefits of economic growth? 5.        
Question         In the circular flow model, how
can households use their income?
15
Week 2 Quiz Set 5   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.
16
ECO 203 Week 3 Assignment Efforts to Reduce the
Budget Deficit (3 Papers)   FOR MORE CLASSES
VISIT www.eco203expert.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 E
fforts to Reduce the Deficit, write a 2-3 page pap
er, formatted according to APA style as outlined i
n your approved style guide, discussing the action
s taken by the  Congress since 1985 to reduce the 
budget deficits. Include some authoritative source
s on the current debate between the White House. 
17
ECO 203 Week 3 DQ 1 Government Fiscal Policy (Ash
Course)   FOR MORE CLASSES VISIT
www.eco203expert.com   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
governments use of fiscal policy (the stimulus)
to promote growth and employment.
18
ECO 203 Week 3 DQ 2 Budget Deficits and the
National Debt (Ash Course)   FOR MORE CLASSES
VISIT www.eco203expert.com    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?
19
ECO 203 Week 3 Quiz 1     1.         Question
        In a macroeconomic equilibrium, 2.       
  Question         A progressive tax taxes each
individual 3.         Question        
Supply-side tax cuts are aimed primarily at
encouraging 4.         Question         Keynes
believed that the correct role for government
during a depression was to 5.         Question
        The largest source of income for state
governments is 6.         Question        
Before Keynes, most economists and politicians
believed .
20
ECO 203 week 3 Quiz 3     1.         Question
        A laissez-faire attitude toward most
markets is most closely associated
with 2.         Question         Imports
are 3.         Question         A structural
deficit 4.         Question         In the
classical model, the supply of loanable funds
is 5.         Question         Fiscal policy is
different in an open economy than in a closed
economy because 6.         Question         The
national debt 7.         Question         The
Investment Tax Credit.
21
ECO 203 Week 3 Quiz     1.         Question
        The Investment Tax Credit 2.        
Question         A structural deficit 3.        
Question         The national debt is a burden
on future generations if 4.         Question
        Fiscal policy is different in an open
economy than in a closed economy
because 5.         Question         A
laissez-faire attitude toward most markets is
most closely associated with 6.         Question
        In the Keynesian view, the primary
purpose of fiscal policy is to 7.        
Question         Before Keynes, most economists
and politicians .
22
ECO 203 Week 4 DQ 1 Federal Reserve Bank Policy
during the 2007-2008 Recession (Ash Course)  
FOR MORE CLASSES VISIT www.eco203expert.com    F
ed 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 Reserves lending practices
changed during this period.
23
ECO 203 Week 4 DQ 2 The Effect of Bank Lending on
the Economy (Ash Course)   FOR MORE CLASSES
VISIT www.eco203expert.com    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.
24
ECO 203 Week 4 Quiz 1     1.         Question
        The bulk of the M1 money supply is made
up of 2.         Question         Through open
market operations, the Federal Reserve 3.        
Question         All but which one of the
following are tools of monetary
policy? 4.         Question         Which of the
following is a function performed by a modern
society's money? 5.         Question         If
the Federal Reserve creates excess bank reserves,
banks are likely to 6.         Question        
The central bank and monetary authority of the
United States .
25
ECO 203 Week 4 Quiz 2     1.         Question
        In an economy with a large foreign
sector, compared to one with little international
economic activity, 2.         Question        
To keep the federal funds rate from rising above
the target zone, the Fed must 3.         Question
        The store of wealth function of money
refers to money as 4.         Question        
If the demand for money is highly sensitive to
changes in the interest rate, a small decrease in
the interest rate will cause 5.         Question
        When the Fed changes monetary policy .
26
ECO 203 Week 4 Quiz     1.         Question
        M1 includes all but which one of the
following? 2.         Question         The most
important monetary tool of the Federal Reserve
System is 3.         Question         If the Fed
sells government bonds on the open market, which
of the following is likely to occur? 4.        
Question         In the classical model, the
money supply affects the economy 5.        
Question         The First National Bank of
Oklahoma has checkable deposits of 10,000,000
and total reserves of 2,500,000 the reserve
ratio is 15 percent.
27
ECO 203 Week 5 DQ 1 Foreign Direct Investment
(Ash Course)   FOR MORE CLASSES VISIT
www.eco203expert.com   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.
28
ECO 203 Week 5 DQ 2 Economies in Transition (Ash
Course)   FOR MORE CLASSES VISIT
www.eco203expert.com   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.
29
ECO 203 Week 5 Final Expansionary Economic Policy
(3 Papers)   FOR MORE CLASSES VISIT
www.eco203expert.com Expansionary Economic
Policy Focus of the Final Paper Week 5 Final Paper
In an effort to move the economy out of a recessi
on, the federal government would engage in expansi
onary economic policies.   Describe the actions th
e government would take in conducting expansionary
 fiscal policy and expansionary monetary policy. E
xpansionary Fiscal Policy Review Chapter 7 Clas
sical Macroeconomics and the Keynesian .
30
eco 203 expert Focus Dreams/eco203expertdotcom

•  
• FOR MORE CLASSES
  VISIT
• www.eco203expert.com
•