Wednesday, 15 January 2014

ECO 203 Entire Course (NEW)








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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

ECO 203 Week 1 DQ 1 Economics Systems(NEW)








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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(NEW)







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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(NEW)





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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 of the following would be described as capital by an economist?
10. Question : When price changes, there is an opposite change in the


ECO 203 Week 2 DQ 2 Who Benefits and Who Loses from Inflation? (NEW)





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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 (NEW)





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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 is called the

ECO 203 Week 3 AssignmentEfforts to Reduce the Budget Deficit(NEW)





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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 Office of the President: www.whitehouse.gov.

The paper:
  • Must be 2 to 3 double-spaced pages in length and formatted according to APA style as outlined in your approved style guide.
  • Must have a cover page that includes: 
1.    Title of paper 
2.    Student’s name
3.    Course name and number
4.    Instructor’s name
5.    Date submitted
Must include an introductory paragraph with a succinct thesis statement. Must address the topic of the paper with critical thought. Must conclude with a restatement of the thesis and a conclusion paragraph. Must use at least three references, including the textbook.   One reference must come from the Ashford Library. Must use APA style as outlined in your approved style guide to document all sources. Must include, on the final page, a Reference List that is completed according to APA style as outlined in your approved style guide.