XECO 212 All DQs

Week 1 DQs

Locate recent articles in the New York Times or Wall Street Journal in which economists are quoted using positive and normative statements. Provide one quote and its context for both a positive and normative statement. Explain your choice. Evaluate the statement choices of your fellow students.

Select a good that you are familiar with. What are the factors that shift the demand curve for this good? What are the factors that shift the supply curve for this good? How do you expect the supply and demand of your selected good to change in the next year? Relate your expectation to price and quantity.

Week 3 DQs

Why do some workers make more money than others? Must everyone make the same wage? Explain your answers using labor market equilibrium.

Imagine that you are a business owner. Choose whether to hire a new person in the marketing department or upgrade your computer system. Each choice requires the same amount of investment. Address the following topics: What factors do you use to determine whether to invest in the additional capital and labor?

Week 5 DQs

What is the relationship between GDP and the business cycle? How can you use information about the business cycle when making a decision about a large purchase?

What is inflation? How do interest rates affect inflation? What are the different types of unemployment? Which of these has the most impact on the economy? Explain.

Week 7 DQs

Post your response to the following: How does the federal government implement its fiscal policies? Given economic conditions today, do you suggest expansionary fiscal policy or contractionary fiscal policy? How would your suggestions affect production and employment? Why?

Post your response to the following: Assume the government is running a budget deficit. Should the government raise taxes to balance the budget? Should the government decrease spending to balance the budget? What are the pros and cons of each action?

Week 9 Capstone DQ

In your own words, using the 10 Principles of Economics outlined in Ch. 1 of Mankiws Principles of Economics, prepare a 200- to 300-word response to the following questions: How can each of the 10 principles be applied in an example or experience with which you are familiar? How do you intend to use your newfound knowledge in future economic decisions?