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ECO 203 ACADEMIC COACH / UOPHELP

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  1. ECO 203 ASHCourseTutorial For more course tutorials visit www.uophelp.com

  2. ECO 203 ASHCourseTutorial ECO 203 Entire Course (Ash Course) For more course tutorials visit www.uophelp.com ECO 203 Week 1 DQ 1 Economics SystemsECO 203 Week 1 DQ 2 Role of GovernmentECO 203 Week 1 QuizECO 203 Week 2 DQ 1 The Current State of the Economy and UnemploymentECO 203 Week 2 DQ 2 Who Benefits and Who Loses from Inflation ?ECO 203 Week 2 QuizECO 203 Week 3 DQ 1 Government Fiscal Policy

  3. ECO 203 ASHCourseTutorial ECO 203 Week 1 DQ 1 Economics Systems www.uophelp.com Economics Systems-Discussion 1 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.

  4. ECO 203 ASHCourseTutorial ECO 203 Week 1 DQ 2 Role of Government (Ash Course) For more course tutorials visit www.uophelp.com Role of Government-Discussion 2 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.

  5. ECO 203 ASHCourseTutorial ECO 203 Week 1 Quiz (Ash Course)www.uophelp.com1. 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? 4. Question : When a firm decides to replace some workers with robots in its production process, it is making a decision about one of the basic economic questions. Which one?

  6. ECO 203 ASHCourseTutorial ECO 203 Week 2 DQ 1 The Current State of the Economy and Unemployment www.uophelp.comThe 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.

  7. ECO 203 ASHCourseTutorial ECO 203 Week 2 DQ 2 Who Benefits and Who Loses from Inflation www.uophelp.comWho 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.

  8. ECO 203 ASHCourseTutorial ECO 203 Week 2 Quizwww.uophelp.com1. 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 5. Question : The turning points of the business cycle are called 6. Question : As an economy recovers from a trough in the business cycle, 7. Question : Short-term unemployment while searching for a new job is called 8. Question : Economists use the phrase "business cycle" when discussing 9. Question : In the circular flow model, how can households use their income?

  9. ECO 203 ASHCourseTutorial ECO 203 Week 2 Quizwww.uophelp.com1. 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 5. Question : The turning points of the business cycle are called 6. Question : As an economy recovers from a trough in the business cycle, 7. Question : Short-term unemployment while searching for a new job is called 8. Question : Economists use the phrase "business cycle" when discussing 9. Question : In the circular flow model, how can households use their income?

  10. ECO 203 ASHCourseTutorial ECO 203 Week 3 Assignment Efforts to Reduce the Budget Deficitwww.uophelp.comEfforts to Reduce the Budget DeficitThe 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.

  11. ECO 203 ASHCourseTutorial ECO 203 Week 3 Essay Answer question #1 on chapter 8, page 201 of the text 2AFor more course tutorials visitwww.uophelp.comWeek Three EssayAnswer question #1 on chapter 8, page 201 of the text: "'No firm is completely sheltered from rivals; all firms compete for consumer dollars. If that is so, then pure monopoly does not exist.' Do you agree? Explain." In one to three pages, fully explain your answer in a way that shows your understanding of “monopolies.”

  12. ECO 203 ASHCourseTutorial ECO 203 Week 3 Discussion Question 2 Budget Deficits and the National Debt (Ash Course)For more course tutorials visitwww.uophelp.comECO 203 Week 3 Discussion Question 2Budget Deficits and the National DebtBetween 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?

  13. ECO 203 ASHCourseTutorial ECO 203 Week 3 Discussion Question 2 Budget Deficits and the National Debtwww.uophelp.comBetween 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?

  14. ECO 203 ASHCourseTutorial ECO 203 Week 3 Quizwww.uophelp.com1. 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 6. Question : Opponents of discretionary fiscal policy believe that it 7. Question : Keynes blamed economic downturns primarily on

  15. ECO 203 ASHCourseTutorial ECO 203 Week 4 DQ 1 (Federal Reserve Bank Policy during the 2007 To 2008 Recession) (Ash Course)For more course tutorials visitwww.uophelp.comDiscussion 1Federal Reserve Bank Policy during the 2007-2008 RecessionFrom 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 Reserve’s lending practices changed during this period.

  16. ECO 203 ASHCourseTutorial ECO 203 Week 4 DQ 2 (The Effect of Bank Lending on the Company) (Ash Course)For more course tutorials visitwww.uophelp.comDiscussion 2The Effect of Bank Lending on the EconomyIn 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.

  17. ECO 203 ASHCourseTutorial ECO 203 Week 5 DQ 2 Economies In Transitionwww.uophelp.comDiscussion 2Economies in TransitionThe 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.Reference: Chapter 20, section 20.1: World Economic Systems, and section 20.2: Transition to a Market System.

  18. ECO 203 ASHCourseTutorial ECO 203 Week 5 Final Paper Expansionary Economic Policy (Ash Course)For more course tutorials visitwww.uophelp.comWeek 5 Final PaperIn 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. 

  19. ECO 203 ASHCourseTutorial