ECO 372 All Assignments

Week 2

Individual Fundamentals of Macroeconomics Paper

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

Part 1

Describe the following terms in your word.

Gross domestic product (GDP)

Real GDP

Nominal GDP

Unemployment rate

Inflation rate

Interest rate

Part 2

Consider the following examples of economic activities:

Purchasing of groceries

Massive layoff of employees

Decrease in taxes

Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.

Write a 700- to 1,500-word paper summarizing the results.

Learning Team Weekly Reflection - Economic Forecasting Paper

Develop a list of resources you might use to gather historical economic data as well as economic forecast data.

Explain how and why each source is valuable and useful.

Identify any quantitative or qualitative forecasting factors contained in the sources.

Discuss this weeks 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.

Write a 350- to 1,050-word paper that details your team's findings.

Week 3

Learning Team Aggregate Demand and Supply Models

For this assignment, you will choose from the following options:

Option 1: Economic Advisement Paper

Option 2: Economic Critique

Read the instructions in the University of Phoenix Material: Aggregate Demand and Supply Models located on the student website and select one option to complete the assignment.

Learning Team Weekly Reflection

Discuss this weeks 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.

Write a 350- to 1,050- word paper detailing the findings of your discussion.

Week 4

Individual Federal Reserve Presentation

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.

Develop a 10- to 15-slide Microsoft PowerPoint presentation.

Address the following questions and include a notes page which contains the write-up portion to each question:

What are the factors that would influence the Federal Reserve in adjusting the discount rate?

How does the discount rate affect the decisions of banks in setting their specific interest rates?

How does monetary policy aim to avoid inflation?

How does monetary policy control the money supply?

How does a stimulus program (through the money multiplier) affect the money supply?

Currently, what indictors are evident that there is too much or too little money within the economy? How is monetary policy aiming to adjust this?

Learning Team Weekly Reflection

Discuss this weeks 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.

Prepare a 350- to 1,050- word paper detailing the findings of your discussion.

Week 5

Individual Final Examination

Individual International Trade and Finance Speech

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:

What happens when there is a surplus of imports brought into the U.S.? Cite a specific example of a product with an import surplus, and the impact that has on the U.S. businesses and consumers involved.

What are the effects of international trade to GDP, domestic markets and university students?

How do government choices in regards to tariffs and quotas affect international relations and trade?

What are foreign exchange rates? How are they determined?

Why doesnt the U.S. simply restrict all goods coming in from China? Why cant the U.S. just minimize the amount of imports coming in from all other countries?

Learning Team Fiscal Policy Paper

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

Unemployed individuals

University of Phoenix student

The United States financial reputation on an international level

A domestic automotive manufacturing (exporter)

An Italian clothing company (importer)

GDP

Write a 750- to 1,050-word paper summarizing the results.