Title: ECO 372 EDU Expect Success eco372edudotcom
1ECO 372 EDU Expect Success /eco372edudotcom
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2ECO 372 Entire Course
- ECO 372 Week 1 Individual Assignment
Macroeconomic Terms - ECO 372 Week 1 Individual Assignment Economic
Definitions 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
Forecasting Paper (2 Papers) - ECO 372 Week 2 Discussion Question 1
- ECO 372 Week 2 Group Discussion Question
- ECO 372 Week 2 Individual Assignment Product
Purchases and the Economy
3ECO 372 Final Exam (New)
- 1. News Story Workers at a car-manufacturing
plant in Flint, Michigan are laid off because the
economy is weak and GM cars aren't selling well.
GM isn't sure when the plant will reopen. What
type of unemployment describes the workers'
situation? - Frictional unemployment
- Structural unemployment
- Full unemployment
- Cyclical unemployment
4ECO 372 Final Exam Guide (Uop)
- 1) The largest source of household income in the
U.S. is obtained from - 2) The market where business sell goods and
services to households and the government is
called the3) Real gross domestic product is best
defined as4) Underemployment includes people A.
who work "off-the-books" to avoid tax liabilities
B. who are working part time, or not using all
their skills at a full-time job5) The Bureau of
Economic Analysis is responsible for which of the
following?6) The Federal Reserve provides which
of the following data?
5ECO 372 Week 1 Discussion Question 1 (Uop)
- What is the difference between real and nominal
GDP? Does GDP accurately reflect our nations
well being? Explain.
6ECO 372 Week 1 Discussion Question 2 (Uop)
- 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?
7ECO 372 Week 2 Individual Assignment Product
Purchases and the Economy
- You've been debating on making a purchase for
yourself. 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
product is clearly affected by the strength or
weakness of the overall economy such as new
homes, cars, appliances, smart phones, etc. - Write a 1,050- to 1,400-word paper in which you
address the following - Identify and define two economic indicators that
reflect the strength of the economy (e.g. real
GDP, unemployment rate, inflation rate, interest
rate, 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?
8ECO 372 Week 1 Individual Assignment
Macroeconomic Terms
- Complete the Macroeconomic Terms.
9ECO 372 Week 1 Knowledge Check
- 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
10ECO 372 Week 2 Discussion Question 1 (Uop)
- 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.
11ECO 372 Week 2 Group Discussion Question (Uop)
- 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?
12ECO 372 Week 2 knowledge Check
- 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 - 5.In 2009, the personal savings rate rose. If the
additional savings were not translated into
13ECO 372 Week 2 Team Weekly Reflection Economic
Forecasting Paper (2 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.
14ECO 372 Week 3 Discussion Question 1 (Uop)
- 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?
15ECO 372 Week 3 Group Discussion Question (Uop)
- 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.
16ECO 372 Week 3 knowledge Check
- 1.If you expect interest rates to rise, you will
want to be holding - Bottom of Form
- Top of Form
- 2.The interest rate is the price paid for the use
of a - Bottom of Form
- Top of Form
- 3.Which of the following do policy makers tend to
target when setting monetary policy? - Bottom of Form
- Top of Form
- 4.If the Federal Reserve reduced its reserve
requirement from 6.5 percent to 5 percent, this
policy would most likely
17ECO 372 Week 3 Team Assignment Fiscal Policy Paper
- Select an organization with which the team is
familiar. - Write a 1,400- to 1,750-word paper in which you
include the following - Research federal government spending and taxes
over the last 3-5 years (fiscal policy). Has
total government spending increased or decreased?
Explain. 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
economy and/or your selected organization? If so,
explain.
18ECO 372 Week 4 Discussion Question 1 (Uop)
- 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?
19ECO 372 Week 4 Group Discussion Question (Uop)
- Define trade surplus and trade deficit? How do
trade deficits and surpluses affect exchange rate
and the industry in which you work?
20ECO 372 Week 4 Individual Assignment
International Economics Paper
- Select an organization that both U.S. and
international presences. - Write a 1,050- to 1,400-word paper in which you
answer address the following - What does the president and congress do to
stimulate the economy? What does the president
and congress do to contract the economy? - What does the Federal Reserve do to stimulate the
economy? What does the Federal Reserve do to
contract the economy?
21ECO 372 Week 4 knowledge Check
- 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,
22ECO 372 Week 4 Team Reflection Supply Chain and
Demand Model
- 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.
23ECO 372 Week 5 knowledge Check
- 1.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
24ECO 372 Week 5 Team Assignment Deficit and Debt
Presentation
- Create a 15- to 18-slide PowerPoint presentation
including detailed speaker notes in which you
include the following - Research the direction of monetary policy over
the last 3-5 years. Has the money supply
increased or decreased? Explain. Have interest
rates increased or decreased? Explain. - Describe the impact of these monetary policies on
the U.S. economy - Describe the impact of these monetary policies on
your team's selected organization.
25ECO 372 EDU Expect Success /eco372edudotcom
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