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For more course tutorials visit www.newtonhelp.com This Tutorial contains 2 Papers/PPT for each Assignment ECO 372 Week 1 Assignment Ten Principles of Economics and the Data of Macroeconomics (2 Papers) ECO 372 Week 2 Assignment The Real Economy in the Long Run (2 Papers) – PowerPoint PPT presentation

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Title: ECO 372 Experience Tradition/newtonhelp.com


1
ECO 372 Experience Tradition/newtonhelp.com
2
ECO 372 Experience Tradition/newtonhelp.com
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • This Tutorial contains 2 Papers/PPT for each
    Assignment
  • ECO 372 Week 1 Assignment Ten Principles of
    Economics and the Data of Macroeconomics (2
    Papers)
  • ECO 372 Week 2 Assignment The Real Economy in the
    Long Run (2 Papers)
  • ECO 372 Week 2 Principles of Economics and the
    Data of Macroeconomics (2 Papers)

3
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  • 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

4
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  • 1.
  • Martha lends 200 to a friend who promises to
    return it after a year. Instead of lending it to
    her friend, Martha could have put the money in a
    bank where she could have earned an interest rate
    of 2 percent per annum. Marthas opportunity cost
    of lending the money is _____.
  • 2
  • The exhibit given below shows the short-run
    aggregate demand and supply curves in an economy,
    AD1 and AS1, and the long-run aggregate supply
    curve, LRAS. The economy was initially in
    equilibrium when there was a decrease in
    aggregate demand, causing a shift of the
    aggregate demand curve from
  • AD1 to AD2. Which of the following is true in
    this case?

5
ECO 372 Experience Tradition/newtonhelp.com
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  • This Tutorial contains 2 Papers
  • Your organizations CEO is concerned that members
    of the strategic planning committee are not
    familiar with current economic thought and
    principles. The CEO has assigned you the task of
    developing an 875-word report to introduce some
    of these thoughts and principles. Use Chapters 1,
    2, 3, 4, 5, 6 and 7 in Principles of
    Macroeconomics as your only source.
  • Explain the following information in your report
    to members of the strategic planning committee
  • How economists are both scientists and
    policymakers and what principles society uses to
    allocate its scarce resources
  • Using the circular flow model, explain the flow
    of money and goods in an economy.

6
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  • What is the difference between real and nominal
    GDP? Does GDP accurately reflect our nations
    well being? Explain.nt.

7
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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,

8
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  •  
  • Complete the Macroeconomic Terms Worksheet.
  • Click the Assignment Files tab to submit your
    assignment.

9
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  • Complete the Macroeconomic Terms.

10
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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

11
ECO 372 Experience Tradition/newtonhelp.com
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  • ECO 372 Week 1 Worksheet
  •  
  • Complete the Worksheet.
  • Click the Assignment Files tab to submit your
    assignment.
  • Week 1 Worksheet
  •  
  • Use the information in the table below to
    calculate Net Exports (NX) and gross domestic
    product (GDP), in billions of dollars.

12
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  • Select your organization and a product produced
    by that organization from IndustryWeek.
  • The organizations strategic plan calls for an
    aggressive growth plan, requiring investment in
    facilities and equipment, growth in productivity,
    and labor over the next five years. It is your
    teams task to determine where, outside the
    United States, your organization should locate
    its new manufacturing plant.

13
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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.

14
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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?

15
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  • 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

16
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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

17
ECO 372 Experience Tradition/newtonhelp.com
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  • This Tutorial contains 2 Papers
  • Your organization's CEO is concerned that members
    of the strategic planning committee are not
    familiar with current economic thought and
    principles. The CEO has assigned you the task of
    developing an 875-word report to introduce some
    of these thoughts and principles. Use Chapters 1,
    2, 3, 4, 5, 6 and 7 in Principl0065s of
    Macroeconomics as your only source.

18
ECO 372 Experience Tradition/newtonhelp.com
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  •  
  •  
  • ECO 372 Week 2 Worksheet
  • Complete the Worksheet.
  • Click the Assignment Files tab to submit your
    assignment.
  • Week 2 Worksheet
  • What are discouraged workers? Are there likely to
    be more discouraged workers when the economy is
    booming or when the economy is in recession?
  •  
  •  
  • Even when the economy is strong, there will be
    some people who are unemployed because they
    recently entered the labor force or lost/left a
    job and are engaged in job search. What does this
    imply about the economys natural or
    full-employment rate of unemployment? Be
    specific.
  •  

19
ECO 372 Experience Tradition/newtonhelp.com
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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?

20
ECO 372 Experience Tradition/newtonhelp.com
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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.

21
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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?

22
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  •  
  • 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.

23
ECO 372 Experience Tradition/newtonhelp.com
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  • This Tutorial contains 2 Papers
  • The organization's strategic plan you wrote about
    in Week 2 calls for an aggressive growth plan,
    requiring investment in facilities and equipment,
    growth in productivity, and labor over the next
    five years. It is your responsibility to
    determine how the U.S economy during this five
    year period will impact such an aggressive growth
    plan. To do so, you should
  • Develop a 2,100-word economic outlook forecast
    that includes the following
  • Analyze the history of changes in GDP,
    savings, investment, real interest rates, and
    unemployment and compare to forecast for the next
    five years.

24
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  • Money and the Prices in the Long Run and Open
    Economies
  • Purpose of Assignment
  • Week 3 will help students develop an
    understanding of what money is, what forms money
    takes, how the banking system helps create money,
    and how the Federal Reserve controls the quantity
    of money. Students will learn how the quantity of
    money affects inflation and interest rates in the
    long run, and production and employment in the
    short run. Students will find that, in the long
    run, there is a strong relationship between the
    growth rate of money and inflation.

25
ECO 372 Experience Tradition/newtonhelp.com
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  • ECO 372 Week 3 Team Paper
  • Each team member, other than the Team Leader,
    should select one of the five topics below. If a
    team has fewer than 6 members, you may leave off
    one or more topics so no one has to cover more
    than one. After selecting your topic and
    indicating your choice in the Team Discussion
    Forum, use the textbook and other sources to
    conduct your research, write your section, and
    edit your work (approximately 150 words in
    length). Follow the Team Leaders guidance
    regarding how and when to post your portion and
    when to approve the final version of the paper.
  • Topics to be addressed in the paper
  • Provide some historical information about when
    and why the U.S. Federal Reserve was created.
  • Describe the structure of the Federal Reserve
    System, including the Board of Governors, the
    Federal Open Market Committee, and the 12
    District Banks.
  • Why are the 12 Federal Reserve District Banks
    referred to as bankers banks (what functions do
    these banks perform)?
  • Explain how the Fed can cause the money supply to
    grow at a faster rate and how such expansionary
    policy is likely to affect interest rates,
    employment, output, and prices.
  • Explain how monetary policy can be used to slow
    down spending and bring inflation under control.
  • Team Leader After combining the sections written
    by each team member, format the paper according
    to APA standards. Include a cover page and add
    an introduction and conclusion. Add section
    headings to separate each

26
ECO 372 Experience Tradition/newtonhelp.com
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  • ECO 372 Week 3 Worksheet
  • Complete the Worksheet.
  • Click the Assignment Files tab to submit your
    assignment.
  • Week 3 Worksheet
  • List and briefly describe the functions of money.
  •  
  • What are the main components of M1 and M2?

27
ECO 372 Experience Tradition/newtonhelp.com
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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?

28
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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?

29
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  •  
  • 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?

30
ECO 372 Experience Tradition/newtonhelp.com
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  • This Tutorial contains 2 Presentations
  • Select an organization your team is familiar with
    or an organization where a team member currently
    works.
  • Create a 15- to 20-slide Microsoft PowerPoint
    presentation that will be presented to the
    organization's Executive Committee. The
    presentation should cover the following items
  • Identify the three key facts about short-run
    economic fluctuations and how the economy in the
    short run differs from the economy in the long
    run.

31
ECO 372 Experience Tradition/newtonhelp.com
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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.

32
ECO 372 Experience Tradition/newtonhelp.com
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  • 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

33
ECO 372 Experience Tradition/newtonhelp.com
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  • 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.

34
ECO 372 Experience Tradition/newtonhelp.com
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  • This Tutorial contains 2 Papers
  • Select two subjects from the following list of
    topics and write a 1,050-word analysis
  • Active monetary and fiscal policy
  • Increased government spending to fight
    recessions
  • Reducing federal government's discretionary
    powers
  • Zero-inflation target

35
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