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ECO 203 Entire Course (Old Course) ECO 203 Week 1 DQ 1 Opportunity Costs ECO 203 Week 1 DQ 2 NYC Rent ECO 203 Week 2 DQ 1 The Local Job Force ECO 203 Week 2 DQ 2 GDP ECO 203 Week 3 DQ 1 In Retrospect Week 1 DQ1 Opportunity Costs One of the scarce resources that constrain our behavior is time. Each of us has only 24 hours in a day. How do you go about allocating your time in a given day among competing alternatives? ECO 203 Week 1 DQ 1 Opportunity Costs (Old Course)

ECO 203 Week 1 DQ 2 NYC Rent (Old Course) Week 1 DQ2 NYC Rent The rent for apartments in New York City has been rising sharply. Demand for apartments in New York City has been rising sharply as well. This is hard to explain because the law of demand says that higher prices should lead to lower demand. Do you agree or disagree? How is this going to affect prices in the market for New York City? Week 2 DQ1 The Local Job Force Visit the Bureau of Labor Statistics and click on the links for state employment and unemployment. Look at your home state and describe what changes have taken place in the workforce and unemployment rate. Has the labor force participation rate gone up or down? Provide an explanation for the rate change. ECO 203 Week 2 DQ 1 The Local Job Force (Old Course)

ECO 203 Week 2 DQ 2 GDP (Old Course) Week 2 DQ2 With each of the following examples, please explain what happens to contributions to GDP and economic growth in each of the following statements: a. A woman who makes a living charging for investment advice on her Internet website marries one of her clients, to whom she now provides advice at no charge. Week 3 DQ1 In Retrospect While many thought that the 2008 fiscal stimulus plan described in the feature on pg. 174 was a good idea, some did not. Some even thought that Congress didn’t go far enough. In retrospect, who was right? Did the economy experience a recession in 2008 or 2009? What happened to employment during the rest of 2008? ECO 203 Week 3 DQ 1 In Retrospect (Old Course)

ECO 203 Week 3 DQ 2 The Money Supply Week 3 DQ2 The Money Supply Why do you think the FED evaluates the money multiplier when making decisions with regard to the money supply? What function does the money supply serve in our economy to influence certain economic variables? Fed and Its Tools Given the role of the Fed in our economy, how can the Fed use the tools that it has to influence an economy that it is in a recession? The Fed has three tools to influence the direction of the economy; in your two to three page paper, make sure to address each of them and what the Fed should do to get the economy out of a recession. ECO 203 Week 3 Fed and Its Tools (Old Course)

ECO 203 Week 4 DQ 1 Wage Increases (Old Course) Week 4 DQ1 Wage Increases Your boss offers you a wage increase of 10 percent. Is it possible that you are worse off with the wage increase than you were before? Explain your answer using proper economic terms and analysis Week 4 DQ2 Inflation On pg. 255 in your text, The Economics in Practice describes the increase in food prices around the world in Since food, in large measure, affects the real income of households, increasing prices will eventually push up wages and have an impact on the aggregate supply curve. Central banks were very worried about the prospects for inflation becoming generalized. ECO 203 Week 4 DQ 2 Inflation (Old Course)

ECO 203 Week 5 DQ 1 Balanced Budgets Week 5 DQ1 Balanced Budgets Some states are required to balance their budgets. Is this measure stabilizing or destabilizing? Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. Week 5 DQ2 Output vs. Workers Between October 2004 and 2005, real GDP in the United States increased by 3.6 percent, while nonfarm payroll jobs increased by only 1.4 percent. How is it possible for output to increase without a proportional increase in the number of workers? What are the implications in our economy of more output being produced by less workers? Respond to at least two of your classmates’ postings ECO 203 Week 5 DQ 2 Output vs. Workers (Old Course)

ECO 203 Week 5 Final Paper The Future of the Economy (Old Course) Final Paper Complete a 5-6 page final paper that completely answers the following: Economists generally agree that high budget deficits today will reduce the growth rate of the economy in the future.

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