Title: ECO 372 Read, Lead, Succeed/uophelpdotcom
1ECO 372 Read, Lead, Succeed/uophelpdotcom
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2 ECO 372 Entire Course
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- This tutorial contains New Assignments as well, Ch
eck Details below - ECO 372 Week 1 Individual Assignment Macroeconomic
Terms - ECO 372 Week 1 Individual Assignment Economic Defi
nitions Worksheet (New) - ECO 372 Week 1 Knowledge Check
- ECO 372 Week 1 Discussion Question 1
- ECO 372 Week 1 Discussion Question 2
- ECO 372 Week 2 knowledge Check
- ECO 372 week 2 Team Weekly Reflection Economic For
ecasting Paper (2 Papers) - ECO 372 Week 2 Discussion Question 1
- ECO 372 Week 2 Group Discussion Question
3 ECO 372 Final Exam (New)
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- 1. News Story Workers at a car-manufacturing plan
t in Flint, Michigan are laid off because the econ
omy is weak and GM cars aren't selling well. - GM isn't sure when the plant will reopen. What typ
e of unemployment describes the workers' situation
? - Frictional unemployment
- Structural unemployment
- Full unemployment
- Cyclical unemployment
- 2.
4 ECO 372 Final Exam Guide
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- 1) The largest source of household income in the U
.S. is obtained from2) The market where business
sell goods and services to households and the gove
rnment is called the 3) Real gross domestic produ
ct is best defined as 4) Underemployment includ
es people A. who work "off-the-books" to av
oid tax liabilities B. who are working part t
ime, or not using all their skills at a full-time
job5) The Bureau of Economic Analysis is respons
ible for which of the following? 6) The Federa
l Reserve provides which of the following data?7)
Consider if the government instituted a 10 percen
t income tax surcharge. In terms of the AS/AD mode
l, this change should have8) If the depreciation
of a country's currency increases its aggregate ex
penditures by 20, the AD curve will A. shif
t right by more than 20 B. shift right by les
s than 20 C. shift right by exactly 20 D.
not shift at all 9) Aggregate demand managem
ent policies are designed most directly to
5 ECO 372 Week 1 Discussion Question 1
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- What is the difference between real and nominal
GDP? Does GDP accurately reflect our nations
well being? Explain.
6 ECO 372 Week 1 Discussion Question 2
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- Unemployment rate measures the number of
unemployed workers in the labour force. List and
explain three types of unemployment. Find the
most recent unemployment rate of your state. From
a personal perspective, can you explain your view
of the current job market in your local area?
7 ECO 372 Week 1 Individual Assignment Economic
Definitions Worksheet (New)
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- Complete the Macroeconomic Terms Worksheet.
- Click the Assignment Files tab to submit your assi
gnment. -
8 ECO 372 Week 1 Individual Assignment
Macroeconomic Terms
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- Complete the Macroeconomic Terms.
9 ECO 372 Week 1 Knowledge Check
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- 1.The two frameworks conventional economists
generally use to analyze macroeconomic issues are - 2.The relationship between real and nominal
interest rate can be expressed by - 3.Which of the following economic activities
would be included in the U.S. domestic gross
product (GDP)? - 4.Cyclical unemployment is defined as
unemployment that results from - 5.The longest business cycle expansion in U.S.
history occurred in the 10 years from - 6.Economics is the study of how
- 7.Given that diesel cars get much better gas
mileage than the typical car, an increase in the
price of gasoline would be expected to -
10 ECO 372 Week 2 Discussion Question 1
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- How do Classical and Keynesian economists differ
in their view of the aggregate supply curve?How
does this influence what Classical and Keynesian
economists believe about fiscal policy? - Do you think the current President and Congress
were taking Classical approach in their fiscal
policies? Explain your answer. -
11 ECO 372 Week 2 Group Discussion Question
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- What is the difference between contractionary and
expansionary fiscal policies? Which is more
appropriate today? Explain your answer. How might
contractionary and expansionary fiscal policies
affect your organization?
12 ECO 372 Week 2 Individual Assignment Product
Purchases and the Economy
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- You've been debating on making a purchase for your
self. This is a product you've wanted for a while
, but one that requires budgeting because you will
be making monthly payments. - Select a product in which the demand for the produ
ct is clearly affected by the strength or weakness
of the overall economy such as new homes, cars, a
ppliances, smart phones, etc. - Write a 1,050- to 1,400-word paper in which you ad
dress the following - Identify and define two economic indicators that
reflect the strength of the economy (e.g. real GD
P, unemployment rate, inflation rate, interest rat
e, housing starts, etc.). - With these economic indicators in mind, how has
the economy affected the demand for and supply of
your selected product over the last 2 years? - What was the impact on the supply of the product
and the impact on the demand for the product? - Explain the impact on the price of the product a
nd your decision on whether or not to buy the prod
uct. - Include responses to the following
- o How might you apply what you learned about suppl
y
13ECO 372 Week 2 knowledge Check
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- 1.The globalized AS/AD curve is the standard
AS/AD model with an added - 2.According to Say's Law, people
- 3.A shift in the long-run aggregate supply curve
will change - 4.The hypothesis about the macroeconomy that sees
the recent problems with the U.S. economy
directly related to the structural problems
caused by globalization is referred to as the
__________ hypothesis. - 8.The central difference between the standard
theory and the structural stagnation hypothesis
when it comes to growth is
14 ECO 372 Week 2 Team Weekly Reflection Economic
Forecasting Paper (2 Papers)
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- This Tutorial contains 2 different Papers
- Develop a list of resources you might use to
gather historical economic data as well as
economic forecast data. - Explain how and why each source is valuable and
useful. - Identify any quantitative or qualitative
forecasting factors contained in the sources. - Discuss this weeks objectives with your team.
Your discussion should include the topics you
feel comfortable with, any topics you struggled
with, and how the weekly topics relate to
application in your field. - Write a 350- to 1,050-word paper that details
your team's findings. -
15ECO 372 Week 3 Discussion Question 1
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- What is the difference between contractionary and
expansionary monetary policy? Which is more
appropriate today? What are the impacts of this
policy on US economy?
16 ECO 372 Week 3 Group Discussion Question
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- What are the uses of money?Describe how rapid
inflation can undermine moneys ability to
perform its three basic functions. Will current
Fed's policy hinder money's ability to perform
its three basic functions? Explain your rational.
17 ECO 372 Week 3 knowledge Check
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- 1.If you expect interest rates to rise, you will
want to be holding - 2.The interest rate is the price paid for the use
of a - 3.Which of the following do policy makers tend to
target when setting monetary policy? - 4.If the Federal Reserve reduced its reserve
requirement from 6.5 percent to 5 percent, this
policy would most likely - 5.If banks hold excess reserves whereas before
they did not, the money multiplier - 6.The process of money multiplier depends on
- 7.Quantitative easing refers to
- 8.If the Fed wants an easier monetary policy, it
might - 9.When the Fed raised the interest rates between
2004 and 2007, the Federal Reserve -
18 ECO 372 Week 3 Team Assignment Fiscal Policy
Paper
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- Select an organization with which the team is fami
liar. - Write a 1,400- to 1,750-word paper in which you in
clude the following - Research federal government spending and taxes o
ver the last 3-5 years (fiscal policy). Has total
government spending increased or decreased? Explai
n. Have income tax rates increased or decreased?
Explain. - Describe the impact of these fiscal policies on
the U.S. economy - Describe the impact of these fiscal policies on
your team's selected organization. - Have other macroeconomic events impacted the eco
nomy and/or your selected organization? If so, ex
plain. - What are expectations regarding the strength of
the economy in the next 2 years? - Make recommendations for your organization regar
ding how to best compete in the expected economy.
- Include a minimum of 3 peer reviewed sources not i
ncluding your textbook. - Click the Assignment Files tab to submit your assi
gnment.
19 ECO 372 Week 4 Discussion Question 1
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- Who benefits from a tariff or quota? Who loses?
What are the positives and negatives of
protectionist trade policies? Which policy is
best right now?
20 ECO 372 Week 4 Group Discussion Question
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- Define trade surplus and trade deficit? How do
trade deficits and surpluses affect exchange rate
and the industry in which you work?
21 ECO 372 Week 4 Individual Assignment
International Economics Paper
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- Select an organization that both U.S. and internat
ional presences. - Write a 1,050- to 1,400-word paper in which you an
swer address the following - What does the president and congress do to stimu
late the economy? What does the president and cong
ress do to contract the economy? - What does the Federal Reserve do to stimulate th
e economy? What does the Federal Reserve do to con
tract the economy? - What motivates policymakers to stimulate the eco
nomy or contract the economy? - Based on your research, what does the Federal Re
serve say about its policy goals? - What does the Federal Reserve say about the stre
ngth of the economy? - How does the strength of other economies outside
of the U.S. affect your organization? - Based on your research, recommend changes in you
r organization's competitive strategies or supply
chain. - Use a minimum of 3 peer reviewed sources not inclu
ding your textbook
22 ECO 372 Week 4 knowledge Check
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- 1.In the long-run framework, budget surpluses
- 2. The budget deficit or surplus is
- 3.Deficits and surpluses are best viewed as
- 4.Suppose the government increases spending by
30 billion and raises taxes at by 20 billion at
the same time. Then, - 5 Because automatic stabilizers lower transfer
payments and raise tax receipts as an economy
recovers from a recession, they - 6.Most of the government budget is mandatory
spending through programs like Medicare and
Social Security, and much of the rest is
politically difficult to alter. Because of this, -
23 ECO 372 Week 4 Team Reflection Supply Chain and
Demand Model
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- Discuss the relationship between supply chain and
the supply and demand model. - Prepare a 350- to 1,050- word paper detailing the
findings of your discussion. -
24 ECO 372 Week 5 knowledge Check
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- .In the U.S. current account, most of the trade
deficit results from an excess of imported - 2.What is the difference between the balance of
trade and the balance of payments? - 3.If a government has implemented significantly
higher trade tariffs, but does not want this
action to affect the value of its currency, it
will - 4. During 2007, the United States and Japan
announced possible limits on Chinese imports
through higher tariff rates on Chinese products.
To avoid these limits, China would have to - 5.If a country wants to prevent its exchange rate
from falling, it could - 6.All other things being equal, an increase in
trade restrictions on imports will -
25ECO 372 Week 5 Team Assignment Deficit and Debt
Presentation
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- Create a 15- to 18-slide PowerPoint presentation
including detailed speaker notes in which you incl
ude the following - Research the direction of monetary policy over t
he last 3-5 years. Has the money supply increased
or decreased? Explain. Have interest rates increa
sed or decreased? Explain. - Describe the impact of these monetary policies o
n the U.S. economy - Describe the impact of these monetary policies o
n your team's selected organization. - Have events in the economies of other countries
impacted the U.S. economy? If so, explain. - What are expectations regarding the strength of
the U.S. economy in the next 2 years? - How do changes in the value of the U.S. dollar i
mpact your selected organization? - Make recommendations for your organization regar
ding how to best compete in the expected global ec
onomy. - Include a minimum of 3 peer reviewed sources not i
ncluding your text. - Click the Assignment Files tab to submit your assi
gnment.
26ECO 372 Read, Lead, Succeed/uophelpdotcom
- For more course tutorials visit
- www.uophelp.com