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• ASHFORD ECO 203 Week 1 DQ 1 Economics Systems
  (New)

• ASHFORD ECO 203 Week 1 DQ 2 Role of Government
  (New)

• 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.

• 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.

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• ASHFORD ECO 203 Week 2 DQ 1 The Current State of
  the Economy and Unemployment (New)

• ASHFORD ECO 203 Week 1 Quiz (New)

• 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?

• 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.

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• ASHFORD ECO 203 Week 2 DQ 2 Who Benefits and Who
  Loses from Inflation ? (New)

• ASHFORD ECO 203 Week 2 Quiz (New)

• 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.

• 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

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• ASHFORD ECO 203 Week 3 Assignment Efforts to
  Reduce the Budget Deficit (New)

• ASHFORD ECO 203 Week 3 DQ 1 Government Fiscal
  Policy (New)

• 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.

• 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. Support your ideas with concepts
  found in the assigned reading. Include the
  following in your response

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• ASHFORD ECO 203 Week 3 Quiz (New)

• ASHFORD ECO 203 Week 3 DQ 2 Budget Deficits and
  the National Debt (New)

• 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?

• 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

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• ASHFORD ECO 203 Week 4 DQ 1 Federal Reserve Bank
  Policy during the 2007-2008 Recession (New)

• ASHFORD ECO 203 Week 4 DQ 2 The Effect of Bank
  Lending on the Economy (New)

• Fed 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.

• 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

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• ASHFORD ECO 203 Week 4 Quiz (New)

• ASHFORD ECO 203 Week 5 DQ 1 Foreign Direct
  Investment (New)

• 1. 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

• 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. 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.

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• ASHFORD ECO 203 Week 5 DQ 2 Economies in
  Transition (New)

• ASHFORD ECO 203 Week 5 Final Paper Expansionary
  Economic Policy (New)

• 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.

• 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 Chapter 9 Taxes,
  Government Spending, and Fiscal Policy.

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