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UOP ECO 372 / assignmentclick.com > ECO 372 Complete Class > Flashcards

ECO 372 Complete Class Flashcards

1
Q

ECO 372 Complete Class

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A

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2
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ECO 372 Final Exam Guide

http://www.assignmentclick.com/ECO-372/ECO-372-Final-Exam.

  1. the largest source of household income is in the U.S. is obtained
    a. stock dividends
    b. wages and salaries
    c. interest earnings
    d. rental income
A

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ECO 372 Week 1 DQ 1

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Using the Bureau of Labor Statistics, the Federal Reserve Bank of St. Louis, or other reputable source, select a key economic indicator that has not been discussed by another student. Discuss how the indicator was created and its current value. What does this key indicator say about the current economic condition?

A

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4
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ECO 372 Week 1 DQ 2

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What is the difference between real and nominal GDP? Does GDP accurately reflect the nation’s welfare? Why or why not? How can data on a country’s GDP be used to make a political argument? In your opinion, how much does this happen in the public arena? Please explain your answer.

A

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5
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ECO 372 Week 1 DQ 3

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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?

A

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6
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ECO 372 Week 1 DQ 4

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What are the different types of unemployment? How do they affect the economy in terms of growth, labor force, and price of labor?

A

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7
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ECO 372 Week 2 DQ 1

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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?

A

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8
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ECO 372 Week 2 DQ 2

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What is the economy’s current stage in the business cycle? Support your answer with an article written within the last week from the popular press or blog. In light of the text readings, evaluate the article and the source of the article. Based on the information, determine where the economy fits in the business cycle.

A

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9
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ECO 372 Week 2 DQ 3

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Recessions seem to show up every so often and create economic hardship. One might think that macroeconomic policymakers could tame the business cycle and implement policies that would end recessions. Are recessions a necessary fact of macroeconomic life? If not, what would it take to eliminate them? If they are unavoidable, what types of business can benefit from them? How would a recession affect your firm?

A

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10
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ECO 372 Week 2 DQ 4

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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?

A

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11
Q

ECO 372 Week 2 Individual Fundamentals of Macroeconomics Paper

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Resource: Figure 3-1 in Ch. 3 of Macroeconomics.

Part 1

Describe the following terms in your word.

· Gross domestic product (GDP)

A

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12
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ECO 372 Week 3 DQ 1

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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?

A

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13
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ECO 372 Week 3 DQ 2

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What new measures and tools has the Federal Reserve employed in the past several years that have not been employed in the past 2 decades? How do you evaluate the change in the approach? Is this sustainable and appropriate in the medium term?

A

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14
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ECO 372 Week 3 DQ 3

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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?

A

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15
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ECO 372 Week 3 DQ 4

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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?

A

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16
Q

ECO 372 Week 4 DQ 1

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What are the positive and negative aspects of budget deficits and surpluses? What policy is best for today’s economy? Explain your answer.

A

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17
Q

ECO 372 Week 4 DQ 2

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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?

A

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18
Q

ECO 372 Week 4 DQ 3

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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?

A

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19
Q

ECO 372 Week 4 Individual Federal Reserve Presentation

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Your boss has chosen you to give a presentation to a number of foreign officials regarding the United States Federal Reserve System. These officials are very interested in doing business in the United States, but they would like to learn more about the Federal Reserve and how it operates.

A

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20
Q

ECO 372 Week 4 Learning Team Weekly Reflection

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Discuss this week’s objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.

A

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21
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ECO 372 Week 5 DQ 1

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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?

A

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22
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ECO 372 Week 5 DQ 2

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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?

A

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23
Q

ECO 372 Week 5 Individual International Trade and Finance Speech

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Assume that you have been appointed as the Speaker of the House. You must deliver a speech about the current state of the U.S. macroeconomy to a number of amateur reporters who are unfamiliar with economics.

Prepare a 750- to 1,050-word speech in simple terms and concepts that focus on international trade and foreign exchange rates.

Integrate a summary of your answers to the following questions and cite external research to further justify your facts:

A

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24
Q

ECO 372 Week 5 Learning Team Fiscal Policy Paper

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Discuss within your Learning Team how and why the U.S.’s deficit, surplus and debt have an effect on the following:

· Tax payers

· Future Social Security and Medicare users

A

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25
Q

ECO 372 Week 5 Summary

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A

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UOP ECO 372 / assignmentclick.com (1 decks)

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