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ECO 372 Entire Course ECO 372 Entire Course (Principles of Macroeconomics) Complete Course ECO 372 Complete Course Material Description: ECO 372 Week 1 – 4 DQ Why is economics considered a social science? What role does economics play in your personal and professional lives? What is the difference between real and nominal GDP? Does GDP accurately reflect the nation’s welfare? Why or why not? How can a country’s GDP be manipulated? In your opinion, is the U.S. GDP being manipulated? Explain your answer. What is the difference between real and nominal GDP? Does GDP accurately reflect the nation’s welfare? Why or why not? How can a country’s GDP be manipulated? In your opinion, is the U.S. GDP being manipulated? What are the different types of unemployment? How do they affect the economy in terms of growth, labor force, and price of labor? Identify economic factors that affect the real GDP, the unemployment rate, the inflation rate, and a key interest rate. How do you predict the economy will perform in the next two years given the current state of two of the economic factors you identified? How might your organization be affected by these changes? Week 1 Summary Week 2 Discussion Questions 1 – 4 ECO 372 Week 2 DQ 1 Explain the viewpoints of classical and Keynesian economists. How did the economy that existed at the time of these theories influence them? Which theory is more appropriate for the economy today? Why? ECO 372 Week 2 DQ 2 Why do Keynesian economists believe market forces do not automatically adjust for unemployment and inflation? What is their solution for stabilizing economic fluctuations? Why do they believe changes in government spending affect the economy differently than changes in income taxes?
ECO 372 Week 2 DQ 3 In your opinion, which two determinates currently have the greatest impact on aggregate demand and supply? Justify your response with an example. ECO 372 Week 2 DQ 4 What is the difference between contractionary and expansionary fiscal policies? Which is more appropriate today? Explain your answer. How might contractionary and expansionary fiscal policies affect your organization? Week 2 Individual Fundamentals of Macroeconomics Paper Week 2 Learning Team Reflection Economic Forecasting Paper Week 2 Summary ECO 372 Week 3 Discussion Questions 1 – 4 ECO 372 Week 3 DQ 1 What are the uses of money? How do commercial banks and Federal banks create money? Is monetary policy conducted independently in the United States? Explain your answer. Is it important for monetary policy to remain independent from all parties? Why or why not? ECO 372 Week 3 DQ 2 What is the difference between contractionary and expansionary monetary policy? What is the intention of each policy under a depression, recession, or robust economy? Which type of monetary policy is more appropriate today and why? ECO 372 Week 3 DQ 3 What happens to the money supply, interest rates, and the economy if the Federal Reserve is a net seller of government bonds? What happens to the money supply, interest rates, and the economy if the Federal Reserve is a net buyer of government bonds. Why would the government implement a stimulus program into the economy? ECO 372 Week 3 DQ 4 Rank the factors that contribute to the discount interest rate from most important to least important. Justify your rankings. Week 3 Learning Team Aggregate Demand and Supply Models Week 3 Learning Team Reflection ECO 372 Week 4 Discussion Questions 1 – 4 ECO 372 Week 4 DQ 1 How does a government budget deficit affect the economy? Identify two periods in recent history in which the United States has run budget deficits. What were the reasons for the deficits during those time periods? ECO 372 Week 4 DQ 2 How does a government budget surplus affect the U.S. economy? Identify two periods in recent history in which the United States has run budget surpluses. What were the reasons for the surpluses during those time periods? ECO 372 Week 4 DQ 3 What are the potential consequences of a country having a large overall debt? If you were in the position to implement a solution for the country’s long-term debt, what would it be and why? ECO 372 Week 4 DQ 4 What are the positive and negative aspects of budget deficits and surpluses? What policy is best for today’s economy? Explain your answer.
ECO 372 Week 4 Individual Federal Reserve Presentation ECO 372 Week 4 Learning Team Reflection Week 4 Summary ECO 372 Week 5 Discussion Questions 1 – 4 ECO 372 Week 5 DQ 1 Explain how foreign exchange rates are determined. How do changes in interest rates, inflation, productivity, and income affect exchange rates? What are the advantages and disadvantages of a weak versus a strong dollar for imports, exports, international and domestic markets? ECO 372 Week 5 DQ 2 Who benefits from a tariff or quota? Who loses? Why would domestic markets benefit from protectionist trade policies? How do protectionist trade policies affect a government’s wealth and fiscal policy? ECO 372 Week 5 DQ 3 What is the effect of a trade surplus? What is the effect of a trade deficit? How do trade deficits and surpluses affect the industry in which you work? ECO 372 Week 5 DQ 4 Why are trade agreements important for the various countries involved? How is international trade related to the U.S. standard of living as opposed to the standard of living of a small industrial nation or a developing nation? How does international trade affect a country’s standard of living? What impact does it have on the way Americans live life, spend, consume, and so on.? Week 5 Individual International Trade and Finance Speech Week 5 Learning Team Fiscal Policy Paper Week 5 Summary