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ashford Eco203 all discussions




Question;Ashford Eco203 all discussions;Economics SystemsDiscuss 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.;Role of GovernmentEconomics 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.;Week 2;The Current State of the;Economy and UnemploymentImagine 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.;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.;Week 3;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 your;classmates. Respond to at least two of your classmates by agreeing or;disagreeing with their posts. Support your ideas with concepts found in the;assigned reading.;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?;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.;Week 4Federal 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 14Guided 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 collapse of the financial system.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.;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;Week 5;Foreign Direct InvestmentImagine 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.;Economies in TransitionThe 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.;="msonormal">


Paper#56552 | Written in 18-Jul-2015

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