Unit 1: Module 1 - M1 Assignment 1 Discussion

Assignment 1: Autobiography

Post a brief paragraph to the Discussion Area outlining your reasons for taking the course, career aspirations, and anything else that you wish to share by Thursday, January 2, 2017.

Introduce yourself to your classmates and include the following details:

o    Your name

o    Your location

o    Your profession

o    Your expectations from this course—explain what you expect to learn about the current state of the economy, economic policies, and the role of the government

Also, describe any prior experience you may have had with:

o    Budgeting, management, and governmental taxation

o    Foreign trade or international finance

o    Life in a country plagued by hyperinflation or financial instability

o    Unemployment or career shifts to avoid unemployment

o    Investment planning

Finally, review and comment on the autobiographies of at least two other students by the end of the module.

 Unit 1: Module 1 - M1 Assignment 2 Discussion

Assignment 2: Discouraged Workers and the Economy

A “discouraged worker” is an individual without a job who has a desire to work; however, the worker has not actively searched for a job within the last six months, because the worker believes that there are no jobs available. Such a worker is not included in the official unemployment count.

Consider a scenario where discouraged workers are now included in the official unemployment rate during a recessionary period in the economy. Which of the three types of unemployment—frictional, structural, or cyclical—do you believe that these unemployed workers would most closely qualify for? How about during a period of economic expansion? Explain your answers and include examples.

Next, discuss and explain how including discouraged workers in the official unemployment rate would affect both the federal deficit and the national debt. Include examples to support your conclusions.

By Saturday, January 4, 2017, post your initial discussion response in the M1: Assignment 2 Discussion Area. By Wednesday, January 8, 2017, read all of the other students’ postings, and post comments in the Discussion Area on at least two other responses.

 Unit 1: Module 1 - M1 Assignment 3

Assignment 3: Supply, Demand, & Government in the Markets

A doctoral student has just completed a study for her dissertation and found the following demand and supply schedules for hand held computers to be as follows:

Questions:

1.      Using Microsoft Excel, draw a graph illustrating the supply and demand in this market.

2.      What is the equilibrium Price and Quantity in the market?

3.      Now suppose the government imposes a special tax on these computers. Describe what would happen in this market in terms of the supply and demand curve.

4.       Disregard the new tax in part three. Now assume that the government imposes a price ceiling of $100 in this market, as a result of protests of price gouging by the sellers. What would happen to the price and quantity in this market?

5.      Disregard the events of part four. Assume that the manufacturers of this product lobby the government’s lawmakers, in terms of this product being an essential for college students but they are considering halting production due to the lack of profits. The lawmakers agree and now set a price floor at $150. What would happen in this market?

6.      If consumers’ expectations were such that they were concerned about the economy and jobs, what would you think would happen in this market?

Present your analysis in Excel format. Enter non-numerical responses in the same worksheet using textboxes. 

 Unit 2: Module 2 - M2 Assignment 1 Discussion

Assignment 1: Law of Demand

The Law of Demand states that the demand for a product is inversely related to the price of such product. Therefore, the demand for a product is considered downward sloping. This implies that quantity demanded increases when price decreases. Is this always true?

In your answer, provide at least three examples of products for which quantity demanded remains unchanged regardless of a change in price. Also, provide at least three examples of products for which quantity demanded increases in response to an increase in price. Also, include a discussion of the factors of demand that may account for such examples and justify your conclusions.

By Saturday, January 11, 2017, post your initial discussion response in the M2: Assignment 1 Discussion Area. By Wednesday, January 15, 2017, read all of the other students’ postings, and post comments in the Discussion Area on at least two other responses.

Unit 2: Module 2 - M2 Assignment 2

Assignment 2: What is Gross Domestic Product?

Go to the following website:
www.bea.gov/index.htm

Based on the information contained on the website above, answer the following questions:

1.      What was Real GDP for 2009?

1.      What does GDP tell us?

2.      How did GDP change from 2008?

3.      What caused these changes?

2.      What was GNP for 2009?

1.      What is the difference between GDP and GNP?

2.      How did GNP change from 2008?

3.      What caused these changes?

3.      What was National Income (NI) for 2009?

1.      What does National Income tell us?

2.      What is the difference between GNP and NI?

3.      How did NI change from 2008?

4.      What caused these changes?

4.      What was Disposable Income (DI) for 2009?

1.      What does Disposable Income consist of?

2.      How did DI change from 2008?

3.      What caused these changes?

5.      What was GDP in 2008 (sometimes called GSP) for your state?

Submit your responses in an Microsoft Word document in a short answer/worksheet format.

  Unit 3: Module 3 - M3 Assignment 1 Discussion

Assignment 1: Your Recession Strategy

Suppose that you are the chief economic advisor to the president of the United States. You are asked to propose a strategy to bring the economy out of recession. Unemployment is at 13 percent and inflation is relatively low. Your goal is to avoid an increase in inflation and bring the economy to full employment as rapidly as possible.

Applying the principles of the Keynesian model, what specific economic policies would you propose to accomplish these goals? What do you believe would be the short- and long-term effects of your policies on both inflation and unemployment rates? Provide justification and examples to support your conclusions. 

By Saturday, January 18, 2017, post your initial discussion response in the M3: Assignment 1 Discussion Area. By Wednesday, January 22, 2017, read all of the other students’ postings, and post comments in the Discussion Area on at least two other responses.

 Unit 3: Module 3 - M3 Assignment 2

Assignment 2: LASA 1: Inflation and Government Economic Policies

Inflation is a measure of how prices have changed over time.  If prices are changing due to inflation, each dollar spent will buy less.

In order to answer the questions below, go to the following website: http://www.bls.gov/cpi/

Questions:

1.       What is inflation? What are the causes of inflation?  Is inflation desirable and what can be done to control inflation in a market economy?

2.      What is the Consumer Price Index (CPI)?  How has the CPI behaved since the year 2000?  What have been the causes of these changes? In your response, include a graph of the CPI for this period and cite your source.

3.      What is the Producer Price Index (PPI)?  How has the PPI behaved since the year 2000?  What have been the causes of these changes? In your response, include a graph of the PPI for this period and cite your source.

4.      What is the Consumer Expenditure Survey (CE)?  How has the Survey behaved since the year 2000?  What have been the causes of these changes? In your response, include a graph of the CE for this period and cite your source.

5.      What do the measures above tell us about consumer behavior?  Have incomes changed enough to offset the inflation since 2000?  What can we predict about future inflation?

6.      What are the implications of these measures for government economic policies?

By Wednesday, January 22, 2017, create a Microsoft Word file to collate your answers and submit it to the M3: Assignment 2 Dropbox

 Unit 4: Module 4 - M4 Assignment 1 Discussion

 Assignment 1: Privatizing the U.S. Money Supply

Would it be possible to privatize the money supply in the United States completely?  In doing so, what would be the primary obstacle to overcome in implementing such a policy?

By Saturday, January 25, 2017, post your initial discussion response in the M4: Assignment 1 Discussion Area. By Wednesday, January 29, 2017, read all of the other students’ postings, and post comments in the Discussion Area on at least two other responses.

 Unit 4: Module 4 - M4 Assignment 2

Assignment 2: The Multiplier Effect

1.      Go to “FRB: Press Release—FOMC statement—December 16, 2009.”

2.       You should now find a press release from the Board of Governors of the Federal Reserve System, dated December 16, 2009, which discusses the decisions of the Federal Open Market Committee (FOMC) for that date.

This release also states that the Federal Reserve is in the process of purchasing $1.25 trillion of agency mortgage-backed securities and about $175 billion of agency debt. Additionally, the release states that the FOMC has decided to gradually reduce “the pace” of such Fed purchases. Discuss why you believe that the FOMC has made such a decision, and explain the consequences of such a decision on the economy.

In your answer, discuss the Federal Reserve’s use of open-market operations to influence the money supply and the respective consequences of such actions. Include a discussion of the money multiplier effect in your response. Justify your conclusions and provide appropriate examples.

 Unit 5: Module 5 - M5 Assignment 1

Assignment 1: LASA 2: International Trade

Visit the U.S. Government Web site, TradeStats Express:http://tse.export.gov/TSE/TSEReports.aspx?DATA=NTD

1.      Find National Trade Data.

2.      Determine the trade balance between the U.S. and China for the most recent five year period.

3.      Illustrate the trend over this period with a graph of the data.

Based on the data provided, create a report in Microsoft Word discussing the trade balance between China and the U.S. for the most recent five year period. In your discussion, include an analysis of the effect of such trade balance on the economies of China and the U.S., both individually and comparatively. Justify your discussion and analysis by using appropriate examples and references.  Include in your report an analysis of the impact on the U.S. economy of the situation where China holds such a large amount of the U.S. debt.

By Saturday, February 1, 2017, submit your responses to the M5: Assignment 1 Dropbox.

Unit 5: Module 5 - M5 Assignment 2 Discussion

Assignment 2: The Net Exports Effect

The “net exports effect” is the impact on a country’s total spending caused by an inverse relationship between the price level and the net exports of an economy. Using this principle, discuss how the following economic variables change during an economic expansion:

o    The balance of payments

o    The rate of interest

o    The value of the dollar

In your answer, also discuss the case in the context of both a flexible exchange rate and a fixed exchange rate.

By Sunday, February 2, 2017, post your initial discussion response in theDiscussion Area. By Wednesday, February 5, 2017, read all of the other students’ postings, and post comments in the Discussion Area on at least two other responses.

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file 1493654587-M3 Assignment 1 Discussion.docx preview (373 words )

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