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ECO 372 ENTIRE COURSE

ECO 372 Week 1 Individual Assignment Macroeconomic Terms

ECO 372 Week 1 Individual Assignment Economic Definitions Worksheet
(New)
ECO 372 Week 1 Knowledge Check
ECO 372 Week 1 Discussion Question 1
ECO 372 Week 1 Discussion Question 2
ECO 372 Week 2 knowledge Check
ECO 372 week 2 Team Weekly Reflection Economic Forecasting Paper (2
Papers)
ECO 372 Week 2 Discussion Question 1
ECO 372 Week 2 Group Discussion Question
ECO 372 Week 2 Individual Assignment Product Purchases and the Econ
omy

ECO 372 FINAL EXAM (NEW)

1. News Story: Workers at a car-manufacturing plant in Flint, Mic

higan are laid off because the economy is weak and GM cars are
n't selling well. GM isn't sure when the plant will reopen. What ty
pe of unemployment describes the workers' situation?
Frictional unemployment
Structural unemployment
Full unemployment
Cyclical unemployment

ECO 372 FINAL EXAM GUIDE (UOP)

1) The largest source of household income in the U.S. is obtained from

2) The market where business sell goods and services to households a
nd the government is called the
3) Real gross domestic product is best defined as
4) Underemployment includes people
A. who work "off-the-books" to avoid tax liabilities B. who are working
part time, or not using all their skills at a full-timejob
5) The Bureau of Economic Analysis is responsible for which of the foll
owing?
6) The Federal Reserve provides which of the following data?

ECO 372 WEEK 1 DISCUSSION QUESTION 1 (UOP)

What is the difference between real and nominal GDP? Does GDP accur
ately reflect our nations well being? Explain.

ECO 372 WEEK 1 DISCUSSION QUESTION 2 (UOP)

Unemployment rate measures the number of unemployed workers in t

he labour force. List and explain three types of unemployment. Find th
e most recent unemployment rate of your state. From a personal pers
pective, can you explain your view of the current job market in your loc
al area?

ECO 372 WEEK 2 INDIVIDUAL ASSIGNMENT PRO

DUCT PURCHASES AND THE ECONOMY

You've been debating on making a purchase for yourself. This is a prod

uct you've wanted for a while, but one that requires budgeting because
you will be making monthly payments.
Select a product in which the demand for the product is clearly affecte
d by the strength or weakness of the overall economy such as new ho
mes, cars, appliances, smart phones, etc.
Write a 1,050- to 1,400-word paper in which you address the following:
Identify and define two economic indicators that reflect the strength of
the economy (e.g. real GDP, unemployment rate, inflation rate, interest
rate, housing starts, etc.).
With these economic indicators in mind, how has the economy affecte
d the demand for and supply of your selected product over the last 2 y
ears?

ECO 372 WEEK 1 INDIVIDUAL ASSIGNMENT MA

CROECONOMIC TERMS

Complete the Macroeconomic Terms.

ECO 372 WEEK 1 KNOWLEDGE CHECK

1.The two frameworks conventional economists generally use to analyz

e macroeconomic issues are
2.The relationship between real and nominal interest rate can be expre
ssed by
3.Which of the following economic activities would be included in the U
.S. domestic gross product (GDP)?
4.Cyclical unemployment is defined as unemployment that results fro
m
5.The longest business cycle expansion in U.S. history occurred in the 1
0 years from
6.Economics is the study of how
7.Given that diesel cars get much better gas mileage than the typical ca
r, an increase in the price of gasoline would be expected to

ECO 372 WEEK 2 DISCUSSION QUESTION 1 (UOP)

How do Classical and Keynesian economists differ in their view of the a

ggregate supply curve?How does this influence what Classical and Key
nesian economists believe about fiscal policy?
Do you think the current President and Congress were taking Classical
approach in their fiscal policies? Explain your answer.

ECO 372 WEEK 2 GROUP DISCUSSION QUESTION

(
UOP)

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 organ
ization?

ECO 372 WEEK 2 KNOWLEDGE CHECK

1.The globalized AS/AD curve is the standard AS/AD model with an add
ed
2.According to Say's Law, people
3.A shift in the long-run aggregate supply curve will change
4.The hypothesis about the macroeconomy that sees the recent proble
ms with the U.S. economy directly related to the structural problems c
aused by globalization is referred to as the __________ hypothesis.
8.The central difference between the standard theory and the structura
l stagnation hypothesis when it comes to growth is
5.In 2009, the personal savings rate rose. If the additional savings were
not translated into

ECO 372 WEEK 2 TEAM WEEKLY REFLECTION ECO

NOMIC FORECASTING PAPER (2 PAPERS)

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 i
nclude the topics you feel comfortable with, any topics you struggled w
ith, 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.

ECO 372 WEEK 3 DISCUSSION QUESTION 1 (UOP)

What is the difference between contractionary and expansionary mone

tary policy? Which is more appropriate today? What are the impacts of
this policy on US economy?

ECO 372 WEEK 3 GROUP DISCUSSION QUESTION

(
UOP)

What are the uses of money?Describe how rapid inflation can un

dermine moneys ability to perform its three basic functions. Will
current Fed's policy hinder money's ability to perform its three b
asic functions? Explain your rational.

ECO 372 WEEK 3 KNOWLEDGE CHECK

1.If you expect interest rates to rise, you will want to be holding
Bottom of Form
Top of Form
2.The interest rate is the price paid for the use of a
Bottom of Form
Top of Form
3.Which of the following do policy makers tend to target when setting
monetary policy?
Bottom of Form
Top of Form
4.If the Federal Reserve reduced its reserve requirement from 6.5 perc
ent to 5 percent, this policy would most likely

ECO 372 WEEK 3 TEAM ASSIGNMENT F

ISCAL
POLICY
PAPER
Select an organization with which the team is familiar.

Write a 1,400- to 1,750-word paper in which you include the follo

wing:
Research federal government spending and taxes over the last 3-5 year
s (fiscal policy). Has total government spending increased or decreased
? Explain. Have income tax rates increased or decreased? Explain.
Describe the impact of these fiscal policies on the U.S. economy
Describe the impact of these fiscal policies on your team's selected org
anization.
Have other macroeconomic events impacted the economy and/or your
selected organization? If so, explain.

ECO 372 WEEK 4 DISCUSSION QUESTION 1 (UOP)

Who benefits from a tariff or quota? Who loses? What are the positives
and negatives of protectionist trade policies? Which policy is best right
now?

ECO 372 WEEK 4 GROUP DISCUSSION QUESTION ( UOP)

Define trade surplus and trade deficit? How do trade deficits and surpl
uses affect exchange rate and the industry in which you work?

ECO 372 WEEK 4 INDIVIDUAL ASSIGNMENT INT

ERNATIONAL ECONOMICS PAPER

Select an organization that both U.S. and internatio

nal presences.
Write a 1,050- to 1,400-word paper in which you an
swer address the following:
What does the president and congress do to stimul
ate the economy? What does the president and con
gress do to contract the economy?
What does the Federal Reserve do to stimulate the
economy? What does the Federal Reserve do to con
tract the economy?

ECO 372 WEEK 4 KNOWLEDGE CHECK

1.In the long-run framework, budget surpluses

2. The budget deficit or surplus is
3.Deficits and surpluses are best viewed as
4.Suppose the government increases spending by $30 billio
n and raises taxes at by $20 billion at the same time. Then,
5 Because automatic stabilizers lower transfer payments an
d raise tax receipts as an economy recovers from a recessio
n, they
6.Most of the government budget is mandatory spending th
rough programs like Medicare and Social Security, and muc
h of the rest is politically difficult to alter. Because of this,

ECO 372 WEEK 4 TEAM REFLECTION SUPPLY CH

AIN AND DEMAND MODEL

Discuss the relationship between supply chain and the s

upply and demand model.
Prepare a 350- to 1,050- word paper detailing the findin
gs of your discussion.

ECO 372 WEEK 5 KNOWLEDGE CHECK

1.In the U.S. current account, most of the trade deficit r

esults from an excess of imported
2.What is the difference between the balance of trade a
nd the balance of payments?
3.If a government has implemented significantly higher
trade tariffs, but does not want this action to affect the
value of its currency, it will
4. During 2007, the United States and Japan announced
possible limits on Chinese imports through higher tariff
rates on Chinese products. To avoid these limits, China
would have to

ECO 372 WEEK 5 TEAM ASSIGNMENT DEFICIT AN

D DEBT PRESENTATION

Create a 15- to 18-slide PowerPoint presentation i

ncluding detailed speaker notes in which you inclu
de the following:
Research the direction of monetary policy over the last
3-5 years. Has the money supply increased or decrease
d? Explain. Have interest rates increased or decreased?
Explain.
Describe the impact of these monetary policies on the U
.S. economy
Describe the impact of these monetary policies on your
team's selected organization.

ECO 372 EDU EXPECT SUCCESS /ECO

372EDUDOTCOM
FOR MORE CLASSES VISIT
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