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ECO 203 Entire Course   ECO 203 Week 1 DQ 1
Economics Systems ECO 203 Week 1 DQ 2 Role of
Government ECO 203 Week 1 Quiz ECO 203 Week 2 DQ
1 The Current State of the Economy and
Unemployment ECO 203 Week 2 DQ 2 Who Benefits and
Who Loses from Inflation ? ECO 203 Week 2
Quiz ECO 203 Week 3 DQ 1 Government Fiscal
Policy ECO 203 Week 3 DQ 2 Budget Deficits and
the National Debt
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ECO 203 Week 1 DQ 1 Economics Systems   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.
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ECO 203 Week 1 DQ 2 Role of Government   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.
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ECO 203 Week 1 Quiz   1. 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? 5. Question When price
changes, one should expect a change in
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ECO 203 Week 2 DQ 1 The Current State of the
Economy and Unemployment   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.
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ECO 203 Week 2 DQ 2 Who Benefits and Who Loses
from Inflation   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.
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ECO 203 Week 2 Quiz   1. 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,
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ECO 203 Week 3 Assignment Efforts to Reduce the
Budget Deficit   Efforts to Reduce the Budget
Deficit The 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.
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ECO 203 Week 3 Discussion Question 1 Government
Fiscal Policy   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 governmentÂs 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
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ECO 203 Week 3 Discussion Question 2 Budget
Deficits and the National Debt   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.)Â 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?
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ECO 203 Week 3 Quiz   1. 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
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ECO 203 Week 4 DQ 1 (Federal Reserve Bank Policy
during the 2007 To 2008 Recession)   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 Reserves lending
practices changed during this period. What did
the Federal Reserve do to support firms deemed
too big to fail.
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ECO 203 Week 4 DQ 2 (The Effect of Bank Lending
on the Company)   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
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ECO 203 Week 4 Quiz   . Question
M1 includes all but which one of the following?
2. Question The transactions
demand for money depends on 3. Question
Individuals accept dollars because 4.
Question The fact that money is legal
tender increases its 5. Question
According to the M1 definition, the money supply
consists of currency held by the public plus 6.
Question To keep the federal funds
rate from rising above the target zone, the Fed
must
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ECO 203 Week 5 DQ 1 Foreign Direct
Investment   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.
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ECO 203 Week 5 DQ 2 Economies In
Transition   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.
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ECO 203 Week 5 Final Paper Expansionary Economic
Policy   Week 5 Final Paper   In 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.
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The Best way to predict the Future is to create
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