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• ASHFORD ECO 203 Week 1 DQ 1 Opportunity Costs
  (Old)

• ASHFORD ECO 203 Week 1 DQ 2 NYC Rent (Old)

• Opportunity Costs
• One of the scarce resources that constrain our
  behavior is time. Each of us has only 24 hours in
  a day. How do you go about allocating your time
  in a given day among competing alternatives? How
  do you go about weighing the alternatives? How
  can you apply the concepts of opportunity cost to
  your decision to attend Ashford? Use the notion
  of opportunity cost in your answer. Respond to at
  least two of your classmates postings

• NYC Rent
• The rent for apartments in New York City has been
  rising sharply. Demand for apartments in New York
  City has been rising sharply as well. This is
  hard to explain because the law of demand says
  that higher prices should lead to lower demand.
  Do you agree or disagree? How is this going to
  affect prices in the market for New York City?
  Make sure to provide appropriate economic terms
  in your answers. Respond to at least two of your
  classmates postings

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• ASHFORD ECO 203 Week 2 DQ 2 GDP (Old)

• ASHFORD ECO 203 Week 2 DQ 1 The Local Job Force
  (Old)

• The Local Job Force
• Visit the Bureau of Labor Statistics and click on
  the links for state employment and unemployment.
  Look at your home state and describe what changes
  have taken place in the workforce and
  unemployment rate. Has the labor force
  participation rate gone up or down? Provide an
  explanation for the rate change. Are your states
  experiences the same as the rest of the country?
  Provide an explanation of why your states
  experiences are the same or different from the
  rest of the country. Respond to at least two of
  your classmates postings

• With each of the following examples, please
  explain what happens to contributions to GDP and
  economic growth in each of the following
  statements
• a. A woman who makes a living
  charging for investment advice on her Internet
  website marries one of her clients, to whom she
  now provides advice at no charge.
• b. A tennis player wins two top
  professional tournaments as an unpaid amateur,
  meaning the tournament sponsor does not have to
  pay out his share of prize money.

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• ASHFORD ECO 203 Week 3 DQ 1 In Retrospect (Old)

• ASHFORD ECO 203 Week 3 DQ 2 The Money Supply (Old)

• In Retrospect
• While many thought that the 2008 fiscal stimulus
  plan described in the feature on pg. 174 was a
  good idea, some did not. Some even thought that
  Congress didnt go far enough. In retrospect, who
  was right? Did the economy experience a recession
  in 2008 or 2009? What happened to employment
  during the rest of 2008? What are some of the
  alternatives to a tax cut that might have been
  used? Respond to at least two of your classmates
  postings

• The Money Supply
• Why do you think the FED evaluates the money
  multiplier when making decisions with regard to
  the money supply? What function does the money
  supply serve in our economy to influence certain
  economic variables? Why does the FED like to
  fight inflation in our economy and is inflation a
  concern right now given our current economic
  situation? Respond to at least two of your
  classmates postings

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• ASHFORD ECO 203 Week 3 Fed and Its Tools. (Old)

• ASHFORD ECO 203 Week 4 DQ 1 Wage Increases (Old)

• Given the role of the Fed in our economy, how
  can the Fed use the tools that it has to
  influence an economy that it is in a recession?
  The Fed has three tools to influence the
  direction of the economy in your two to three
  page paper, make sure to address each of them and
  what the Fed should do to get the economy out of
  a recession.

• Wage Increases
• Your boss offers you a wage increase of 10
  percent. Is it possible that you are worse off
  with the wage increase than you were before?
  Explain your answer using proper economic terms
  and analysis. Respond to at least two of your
  classmates postings

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• ASHFORD ECO 203 Week 5 DQ 1 Balanced Budgets (Old)

• ASHFORD ECO 203 Week 4 DQ 2 Inflation (Old)

• On pg. 255 in your text, The Economics in
  Practice describes the increase in food prices
  around the world in 2008. Since food, in large
  measure, affects the real income of households,
  increasing prices will eventually push up wages
  and have an impact on the aggregate supply curve.
  Central banks were very worried about the
  prospects for inflation becoming generalized. To
  stop inflation, what would the Fed be likely to
  do? What are the consequences for the economy?
  Specifically, what would be the effects on
  employment and unemployment given the actions
  taken by the Fed? Respond to at least two of your
  classmates postings

• Balanced Budgets
• Some states are required to balance their
  budgets. Is this measure stabilizing or
  destabilizing? Suppose all states were committed
  to a balanced budget philosophy and the economy
  moved into a recession. What effects would this
  philosophy have on the size of the federal
  deficit? Respond to at least two of your
  classmates postings

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• ASHFORD ECO 203 Week 5 DQ 2 Output vs. Workers
  (Old)

• ASHFORD ECO 203 Week 5 Final Paper The Future of
  the Economy (Old)

• Output vs. Workers
• Between October 2004 and 2005, real GDP in the
  United States increased by 3.6 percent, while
  nonfarm payroll jobs increased by only 1.4
  percent. How is it possible for output to
  increase without a proportional increase in the
  number of workers? What are the implications in
  our economy of more output being produced by less
  workers? Respond to at least two of your
  classmates postings

• Economists generally agree that high budget
  deficits today will reduce the growth rate of the
  economy in the future. Why? Do the reasons for
  the high budget deficit matter? In other words,
  does it matter whether the deficit is caused by
  lower taxes, increased defense spending, more
  job-training programs, and so on? In your
  analysis, what role do fiscal and monetary
  policies have to lead to higher or lower budget
  deficits? How do budget deficits affect overall
  long-term economic growth and the debt that the
  U.S. has to contend with?

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