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ECO 203 Entire Course (Ash 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

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ECO 203 Week 1 DQ 1 Economics Systems (Ash Cours
e)
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Week 1
Economics Systems. 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.
Guided Response: Review and respond to at least two of
your classmates posts by replying to their posts on how a
college

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ECO 203 Week 1 DQ 2 Role of Government (Ash Cours
e)
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Role of Government. 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.

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ECO 203 Week 1 Quiz (Ash Course)
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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?

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ECO 203 Week 2 DQ 1 The Current State of the Econ
omy and Unemployment (Ash Course)
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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.

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ECO 203 Week 2 DQ 2 Who Benefits and Who Loses fro
m Inflation (Ash Course)
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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.

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ECO 203 Week 2 Quiz (Ash Course)
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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

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ECO 203 Week 3 Assignment Efforts to Reduce the Bud
get Deficit (Ash Course)
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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

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ECO 203 Week 3 DQ 1 Government Fiscal Policy (Ash
Course)
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Government Fiscal Policy. Between 2007 and 2009 the
U.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.

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ECO 203 Week 3 DQ 2 Budget Deficits and the Nationa
l Debt (Ash Course)
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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

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ECO 203 Week 3 Quiz (Ash Course)
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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

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ECO 203 Week 4 DQ 1 Federal Reserve Bank Policy du
ring the 2007-2008 Recession (Ash Course)
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Fed Policy during the 2007-2008 Recession. [Insert
prompt].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.

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ECO 203 Week 4 DQ 2 The Effect of Bank Lending on
the Economy (Ash Course)
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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

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ECO 203 Week 4 Quiz (Ash Course)
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1. 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

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ECO 203 Week 5 DQ 1 Foreign Direct Investment (Ash
Course)
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Foreign Direct Investment. Imagine you are in charge of
development for a developing country and were
approached by a multinational
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.

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ECO 203 Week 5 DQ 2 Economies in Transition (Ash C
ourse)
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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 P
olicy (Ash Course)
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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

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