ADM 614 Redefine the Possible/newtonhelp.com

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ADM 614 Redefine the Possible/newtonhelp.com  
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ADM 614 Redefine the Possible/newtonhelp.com  

• ADM 614 Topic 1 Discussion 1 Tradeoffs
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• ADM 614 Topic 1 Discussion 1 Tradeoffs
•  The economic way of thinking requires
  administrators to incorporate eight principles.
  One of the principles relates to tradeoffs and
  another principle relates to opportunity costs
  for scarce resources.

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ADM 614 Redefine the Possible/newtonhelp.com  

• ADM 614 Topic 1 Discussion 2 Scarcity And Poverty
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•  ADM 614 Topic 1 Discussion 2 Scarcity And
  Poverty
•  Explain how scarcity and poverty are different.
  Give examples to support your reasoning.

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ADM 614 Redefine the Possible/newtonhelp.com  

• ADM 614 Topic 2 Discussion 1 Public Budgets And
  Public Needs
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• ADM 614 Topic 2 Discussion 1 Public Budgets And
  Public Needs
•  Assess discrepancies between public budgets and
  public needs. Explain the relationship between
  the public budget and the demand for public goods.

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ADM 614 Redefine the Possible/newtonhelp.com  

• ADM 614 Topic 2 Discussion 2 Scarce Resources
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•  ADM 614 Topic 2 Discussion 2 Scarce Resources
•  Markets and government both allocate scarce
  resources. Please explain how government adjusts
  market outcomes though subsidies and whether
  Pareto efficiencies are achieved.

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ADM 614 Redefine the Possible/newtonhelp.com  

• ADM 614 Topic 3 Discussion 1 Government Failure
  And Market Failure
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•  ADM 614 Topic 3 Discussion 1 Government Failure
  And Market Failure
•  Explain the difference between government
  failure and market failure. Discuss the role of
  government in a market economy to address market
  failure.

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ADM 614 Redefine the Possible/newtonhelp.com  

• ADM 614 Topic 3 Discussion 2 Economic Efficiency
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• ADM 614 Topic 3 Discussion 2 Economic Efficiency
•  Economic efficiency is how economists assess the
  desirability of outcomes. Discuss the two
  requirements for efficiency in a market economy.

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ADM 614 Redefine the Possible/newtonhelp.com  

• ADM 614 Topic 4 Discussion 1 Impacts Of
  Monopolies On The Economy
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• ADM 614 Topic 4 Discussion 1 Impacts Of
  Monopolies On The Economy
•  Monopolies are good for producers but not
  consumers. Differentiate between the positive and
  negative impacts of monopolies on the economy.

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ADM 614 Redefine the Possible/newtonhelp.com  

• ADM 614 Topic 4 Discussion 2 Three Types Of
  Unemployment
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• ADM 614 Topic 4 Discussion 2 Three Types Of
  Unemployment
•  Compare and contrast the three types of
  unemployment. Discuss how these three types of
  unemployment demystify a common myth that
  unemployment would not exist if the economy were
  operating efficiently.

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ADM 614 Redefine the Possible/newtonhelp.com  

• ADM 614 Topic 5 Discussion 1 Flow Of Money And
  Income
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• ADM 614 Topic 5 Discussion 1 Flow Of Money And
  Income
•  Discuss the circular flow of money and income
  through the four basic markets of (a) goods and
  services, (b) resource markets, (c) loanable
  fund, and (d) foreign exchange.

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ADM 614 Redefine the Possible/newtonhelp.com  

• ADM 614 Topic 5 Discussion 2 Market Crisis
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• ADM 614 Topic 5 Discussion 2 Market Crisis
•  Read special Topic 5 (page 610) regarding the
  market crisis of 2008. Explain what caused the
  recession. Discuss how the economy reacted to the
  2008 market crisis and continues to react to its
  impacts.

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ADM 614 Redefine the Possible/newtonhelp.com  

• ADM 614 Topic 6 Discussion 1 Keynesian Model
  Budget Deficits
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• ADM 614 Topic 6 Discussion 1 Keynesian Model
  Budget Deficits
•  Explain what a budget deficit is. Describe how
  under the Keynesian model budget deficits
  increase aggregate demand.

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ADM 614 Redefine the Possible/newtonhelp.com  

• ADM 614 Topic 6 Discussion 2 Economic Recovery
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• ADM 614 Topic 6 Discussion 2 Economic Recovery
•  Evaluate whether or not fiscal stimulus will
  increase or decrease economic recovery. Explain

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ADM 614 Redefine the Possible/newtonhelp.com  

• ADM 614 Week 1 Private Ownership and Markets
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• ADM 614 Week 1 Private Ownership and Markets
•  Details
•  Read the case study on page 27 Protecting
  Endangered Species with Private Property Rights.
  Write an essay 1,000-1,250 words, answering the
  following questions

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ADM 614 Redefine the Possible/newtonhelp.com  

• ADM 614 Week 2 Supply and Demand
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• ADM 614 Week 2 Supply and Demand
•  Details
•  Create a Paper discussing supply and demand in
  the public sector. Include the following
•  Choose an economist discussed in Chapters 3-4
  and explain that philosophers market theory.

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ADM 614 Redefine the Possible/newtonhelp.com  

• ADM 614 Week 3 Public Goods and Collective Action
  in the public Sector
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• Public Goods and Collective Action in the public
  Sector 
• Details
•  Write an essay of 1,000-1,250 words regarding
  public goods. 
•  Include the following

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ADM 614 Redefine the Possible/newtonhelp.com  

• ADM 614 Week 4 Economic Growth and Market
  Dynamics
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• ADM 614 Week 4 Economic Growth and Market
  Dynamics
•  Details
•  Create a Essay on discussing Economic Growth and
  Market Dynamics. Include the following

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ADM 614 Redefine the Possible/newtonhelp.com  

• ADM 614 Week 8 The Future of the Public Sector of
  the Economy
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• ADM 614 Week 8 The Future of the Public Sector of
  the Economy
•  Details
•  Create a Essay on discussing the future of the
  Public sector of the Economy. Include the
  following

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ADM 614 Redefine the Possible/newtonhelp.com