ECO 203 Inspiring Minds/newtonhelp.com

1. ECO 203 Inspiring Minds/newtonhelp.com

2. ECO 203 Inspiring Minds/newtonhelp.com ECO 203 Entire Course (3 Set) For more course tutorials visit www.newtonhelp.com This Tutorial contains 3 Set of Papers for each Assignment, 4 Set of Quiz for each Week (DQs—1 Set Only) ECO 203 Week 1 DQ 1 Economics Systems ECO 203 Week 1 DQ 2 Role of Government ECO 203 Week 1 Quiz (4 Set) ECO 203 Week 2 Journal Challenges to the American Labor Force ECO 203 Week 2 DQ 1 The Current State of the Economy and Unemployment

3. ECO 203 Inspiring Minds/newtonhelp.com ECO 203 Week 1 DQ 1 Economics Systems (Ash Course) For more course tutorials visit www.newtonhelp.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 Inspiring Minds/newtonhelp.com ECO 203 Week 1 DQ 2 Role of Government (Ash Course) For more course tutorials visit www.newtonhelp.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. Discuss whether you favor a larger or smaller role of government in the economy.  Refer to concepts found in the reading to support your opinion. Reference: Chapter 2: Markets, Governments, and Nations:  The Organization of Economic Activity

5. ECO 203 Inspiring Minds/newtonhelp.com ECO 203 Week 1 Quiz (4 Set) For more course tutorials visit www.newtonhelp.com This Tutorial contains 4 Set of Week 1 Quiz (All Questions Listed Below) ECO 203 Week 1 Quiz 1 1.         Question :        An economy that does NOT engage in international trade is 2.         Question :        In what kind of economy is a central planning board or commission typically used to answer the basic economic questions? 3.         Question :        All but which one of the following could shift the demand curve? 4.         Question :        The basis for a market solution to the basic economic questions is 5.         Question :        When economists say "consumers vote with their dollars," they mean that 6.         Question :        In a market economy, what to produce is primarily decided by 7.         Question :        Capital consists of 8.         Question :        If an individual's income increases, then the demand for a normal good will 9.         Question :        When the government allocates money to build highways, it is answering which basic economic question?

6. ECO 203 Inspiring Minds/newtonhelp.com ECO 203 Week 2 DQ 1 The Current State of the Economy and Unemployment (Ash Course) For more course tutorials visit www.newtonhelp.com The 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 Inspiring Minds/newtonhelp.com ECO 203 Week 2 DQ 2 Who Benefits and Who Loses from Inflation(Ash Course) For more course tutorials visit www.newtonhelp.com Who 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 Inspiring Minds/newtonhelp.com ECO 203 Week 2 Quiz (4 Set) For more course tutorials visit www.newtonhelp.com This Tutorial contains 4 Set of Week 1 Quiz (All Questions Listed Below) ECO 203 Week 2 Quiz 1 1.         Question :        All but which one of the following are possible benefits of economic growth? 2.         Question :        A country is in a recession if 3.         Question :        All but one of the following will shift the aggregate supply curve to the right. 4.         Question :        The labor force is composed of 5.         Question :        When the jobs available in a market don't fit the skills of those looking for work, the economy is experiencing 6.         Question :        If aggregate demand increases and the aggregate supply curve is upward sloping and unchanged, 7.         Question :        Cyclical unemployment is a function of 8.         Question :        During the expansionary phase of the business cycle, it is likely that real 9.         Question :        The typical aggregate demand curve 10.       Question :        The turning points of the business cycle are called ECO 203 Week 2 Quiz 2

9. ECO 203 Inspiring Minds/newtonhelp.com ECO 203 Week 3 Assignment Efforts to Reduce the Budget Deficit (3 Papers) For more course tutorials visit www.newtonhelp.com This Tutorial contains 3 Papers of this Assignment Efforts to Reduce the Budget Deficit

10. ECO 203 Inspiring Minds/newtonhelp.com ECO 203 Week 3 Discussion Question 1 Government Fiscal Policy (Ash Course) For more course tutorials visit www.newtonhelp.com ECO 203 Week 3 Discussion Question 1 Government Fiscal Policy Between 2007 and 2009 theU.S.economy experienced a severe recession.   In an effort to stimulate the economy, the federal government passed a stimulus package. Explain the federal governmentÂ’s use of fiscal policy (the stimulus) to promote growth and employment.  Support your ideas with concepts found in the assigned reading. Include the following in your response: Discuss some actions taken by the federal government and whether the recession would have been longer and the unemployment rate higher if the government had not acted by passing the stimulus package?Â

11. ECO 203 Inspiring Minds/newtonhelp.com ECO 203 Week 3 Discussion Question 2 Budget Deficits and the National Debt (Ash Course) For more course tutorials visit www.newtonhelp.com ECO 203 Week 3 Discussion Question 2 Budget Deficits and the National Debt Between 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? Reference: Chapter 10, section 10.1: Debt and Deficits, and section 10.4: Do Deficits Matter?

12. ECO 203 Inspiring Minds/newtonhelp.com ECO 203 Week 3 Quiz (4 Set) For more course tutorials visit www.newtonhelp.com This Tutorial contains 4 Set of Week 1 Quiz (All Questions Listed Below) ECO 203 Week 3 Quiz 1 1.         Question :        In a macroeconomic equilibrium, 2.         Question :        A progressive tax taxes each individual 3.         Question :        Supply-side tax cuts are aimed primarily at encouraging 4.         Question :        Keynes believed that the correct role for government during a depression was to

13. ECO 203 Inspiring Minds/newtonhelp.com ECO 203 Week 4 DQ 1 (Federal Reserve Bank Policy during the 2007 To 2008 Recession) (Ash Course) For more course tutorials visit www.newtonhelp.com Discussion 1 Federal Reserve Bank Policy during the 2007-2008 Recession From 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.

14. ECO 203 Inspiring Minds/newtonhelp.com ECO 203 Week 4 DQ 2 (The Effect of Bank Lending on the Company) (Ash Course) For more course tutorials visit www.newtonhelp.com Discussion 2 The Effect of Bank Lending on the Economy In 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.  This is known as a “credit crunch”. Explain how a credit crunch affects economic growth. Specifically, answer these questions in your post: How does a credit crunch affect consumer spending and business investment? How does a credit crunch affect aggregate demand, GDP, and unemployment? Reference:  Chapter 14.1 Is Monetary Policy Effective? and section 14.3: Domestic Sectoral Effects.

15. ECO 203 Inspiring Minds/newtonhelp.com ECO 203 Week 4 Quiz (4 Set) For more course tutorials visit www.newtonhelp.com This Tutorial contains 4 Set of Week 4 Quiz (All Questions Listed Below) ECO 203 Week 4 Quiz 1 1.         Question :        The bulk of the M1 money supply is made up of 2.         Question :        Through open market operations, the Federal Reserve 3.         Question :        All but which one of the following are tools of monetary policy? 4.         Question :        Which of the following is a function performed by a modern society's money? 5.         Question :        If the Federal Reserve creates excess bank reserves, banks are likely to 6.         Question :        The central bank and monetary authority of the United States is 7.         Question :        The M1 money supply includes

16. ECO 203 Inspiring Minds/newtonhelp.com ECO 203 Week 5 DQ 1 Foreign Direct Investment (Ash Course) For more course tutorials visit www.newtonhelp.com Discussion 1 Foreign Direct Investment Imagine you are in charge of development for a developing country and were approached by a multina-tional corporation interested in locating in your country. Identify some of the benefits and some of the costs to the host country from allowing a multinational corporation to locate in a country with a developing economy.  Discuss with your classmates if developmental assistance from world developmental agencies, such as the World Bank or the United Nations, would be preferable to private investment. 

17. ECO 203 Inspiring Minds/newtonhelp.com ECO 203 Week 5 DQ 2 Economies In Transition (Ash Course) For more course tutorials visit www.newtonhelp.com Discussion 2 Economies in Transition The 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 Inspiring Minds/newtonhelp.com ECO 203 Week 5 Final Expansionary Economic Policy (3 Papers) For more course tutorials visit www.newtonhelp.com This Tutorial contains 3 Final Papers Expansionary Economic Policy Focus of the Final Paper Week 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.  Explain the actions the federal government would take while engaging in expansionary fiscal policy in terms of the following: The necessary change in taxes and government spending, The effect on aggregate demand, GDP, and employment.

19. ECO 203 Inspiring Minds/newtonhelp.com