ECO 203 Entire Course

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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

 ECO 203 Week 1 DQ 1 Economics

Systems

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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.

 ECO 203 Week 1 DQ 2 Role of

Government

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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.

 ECO 203 Week 1 Quiz

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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

 ECO 203 Week 2 DQ 1 The Current State

of the Economy and Unemployment

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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.

 ECO 203 Week 2 DQ 2 Who Benefits and

Who Loses from Inflation

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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.

 ECO 203 Week 2 Quiz

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1.
Question :
2.
Question :
3.
Question :
place in the
4.
Question :
5.
Question :
6.
Question :
7.
Question :
called
8.
Question :

The term recession refers to a

Who is NOT a loser in inflation?
The transfer of funds from savers to business investors takes
If taxes increase and the AS curve is upward sloping, then
The turning points of the business cycle are called
As an economy recovers from a trough in the business cycle,
Short-term unemployment while searching for a new job is
Economists use the phrase "business cycle" when discussing

 ECO 203 Week 3 Assignment Efforts to

Reduce the Budget Deficit

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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.
Include some authoritative sources on the current debate between the White House

 ECO 203 Week 3 Discussion Question 1

Government Fiscal Policy

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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 governments 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:

 ECO 203 Week 3 Discussion Question 2

Budget Deficits and the National Debt

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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?

 ECO 203 Week 3 Quiz

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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
8.
Question :
Keynes argued that planned saving was

 ECO 203 Week 4 DQ 1 (Federal Reserve

Bank Policy during the 2007 To 2008
Recession)

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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.

 ECO 203 Week 4 DQ 2 (The Effect of

Bank Lending on the Company)

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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:

 ECO 203 Week 4 Quiz

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.
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
7.
Question :
If the Fed sells government bonds on the open market, which
of the following is likely to occur?

 ECO 203 Week 5 DQ 1 Foreign Direct

Investment

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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

 ECO 203 Week 5 DQ 2 Economies In

Transition

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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.

 ECO 203 Week 5 Final Paper

Expansionary Economic Policy

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Discussion 2
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