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2. ECO 203 Entire Course (3 Set)
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ECO 203 Week 1 DQ 1 Economics Systems
ECO 203 Week 1 DQ 2 Role of Government
ECO 203 Week 1 Quiz (4 Set)
ECO 203 Week 2 Journal Challenges to the American Labor Force
ECO 203 Week 2 DQ 1 The Current State of the Economy and Unemployment
ECO 203 Week 2 DQ 2 Who Benefits and Who Loses from Inflation?

3. ECO 203 Week 1 DQ 1 Economics Systems (Ash Course)
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 Week 1
Economics Systems. Discuss how your college education could be considered an investment in human capital.
What is the opportunity cost of your degree?
Reference: Chapter 1, section 1.1: Economics and Chapter 2, section 2.1: Limited Resources.
Guided Response: Review and respond to at least two of your classmates’ posts by replying to their posts on how a college
education contributes to human capital and the opportunity cost of a degree.

4. ECO 203 Week 1 DQ 2 Role of Government (Ash Course)
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Role of Government. Economics is the study of how society chooses to allocate its scarce productive resources
(labor, capital, land, entrepreneurial talent).
In a mixed economy, elements of both central planning and market allocation of resources are used in allocating productive resources.
The United States economy is a mixed economy, with a bias towards market allocation of resources. This means most resources are allocated in
the private sector by way of markets.

5. ECO 203 Week 1 Quiz 1
1.         Question :        An economy that does NOT engage in international trade is
2.         Question :        In what kind of economy is a central planning board or commission typically used to answer the basic economic questions?
3.         Question :        All but which one of the following could shift the demand curve?
4.         Question :        The basis for a market solution to the basic economic questions is
5.         Question :        When economists say "consumers vote with their dollars,“.

6. ECO 203 week 1 Quiz 2
1.         Question :        An example of investment, as defined in economics, is
2.         Question :        What function of government promotes price stability and full employment?
3.         Question :        An economic system is said to be
4.         Question :        The measure of the cost of a particular good in terms of what is given up to produce that good is called
5.         Question :        In a market system, property rights are enforced by
6.         Question :        The basic economic problem is
7.         Question :        In a market economy, what to produce is primarily decided .

7. ECO 203 Week 1 Quiz 3
1.         Question :        Macroeconomics is the study of
2.         Question :        An economic system is said to be
3.         Question :        A shift to the right (away from the origin) of a production possibilities curve is an illustration of
4.         Question :        The self-interest assumption is made by economists because
5.         Question :        When price changes, there is an opposite change in the
6.         Question :        Demand relates the various amounts that consumers are willing to buy over a specified time period.

8. ECO 203 Week 1 Quiz 4
1.         Question :       If an individual's income increases, then the demand for a normal good will
 2.        Question :       An example of investment, as defined in economics, is
 3.        Question :       All but which one of the following could shift the demand curve?
 4.        Question :       When a firm decides to replace some workers with robots in its production process, it is making a decision about one of the basic economic questions. Which one?
 5.        Question :       When price changes, one should expect a change in
 6.        Question :       Demand relates the various amounts that consumers are willing to buy over a specified time period.

9. ECO 203 Week 2 DQ 1 The Current State of the Economy and Unemployment (Ash Course)
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The Current State of the Economy and Unemployment. Imagine a scenario where there is a decline in aggregate demand.
Identify which part of the business cycle is part of a decline in aggregate demand. Gross Domestic Product (GDP) measures the amount of new production.
A change in the amount of new production affects employment.

10. ECO 203 Week 2 DQ 2 Who Benefits and Who Loses from Inflation
ECO 203 Week 2 DQ 2 Who Benefits and Who Loses from Inflation ? (Ash Course)
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Who Benefits and Who Loses from Inflation? Inflation is an important policy issue because it causes a
redistribution of income and wealth, and discourages saving and investment. Discuss how inflation affects borrowers and lenders,
asset prices, and households on fixed incomes.
Reference: Chapter 4, section 4.3: Gainers and Losers from Inflation.

11. ECO 203 Week 2 Quiz 1
1.         Question :        All but which one of the following are possible benefits of economic growth?
2.         Question :        A country is in a recession if
3.         Question :        All but one of the following will shift the aggregate supply curve to the right.
4.         Question :        The labor force is composed of
5.         Question :        When the jobs available in a market don't fit the skills of those looking for work, the economy is experiencing
6.         Question :        If aggregate demand increases and the aggregate supply curve is upward sloping and unchanged,
7.         Question :        Cyclical unemployment is a function .

12. ECO 203 Week 2 Quiz 2
1.         Question :        A very important fact about national income accounting is that
2.         Question :        Who is NOT a loser in inflation?
3.         Question :        Cyclical unemployment is a function of
4.         Question :        A country is in a recession if
5.         Question :        Which of the following is a criticism of the CPI?
6.         Question :        If taxes increase and the AS curve is upward sloping.

13. ECO 203 week 2 Quiz 3
1.         Question :        GDP is defined as
2.         Question :        The transfer of funds from savers to business investors takes place in the
3.         Question :        The curve that shows quantities of total real output that will be offered for sale at various price levels is called the
4.         Question :        The turning points of the business cycle are called
5.         Question :        Which of the following is a criticism of the CPI?

14. ECO 203 Week 2 Quiz
1.         Question :        Who is most likely to be a winner during inflationary times?
2.         Question :        A very important fact about national income accounting is that
3.         Question :        Policies to reduce fluctuations in output and employment are called
4.         Question :        All but which one of the following are possible benefits of economic growth?
5.         Question :        In the circular flow model, how can households use their income?

15. Week 2 Quiz Set 5
1.         Question :       The term “recession” refers to a
 2.        Question :       Who is NOT a loser in inflation?
 3.        Question :       The transfer of funds from savers to business investors takes place in the
 4.        Question :       If taxes increase and the AS curve is upward sloping, then
 5.        Question :       The turning points of the business cycle are called
 6.        Question :       As an economy recovers from a trough in the business cycle,
 7.        Question :       Short-term unemployment while searching for a new job.

16. ECO 203 Week 3 Assignment Efforts to Reduce the Budget Deficit (3 Papers)
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Efforts to Reduce the Budget Deficit. The rapid growth of the national debt alarmed some politicians and created pressure for restricting 
Congress's unlimited ability to spend. After reviewing Chapter 10, Section 10.2: Efforts to Reduce the Deficit, write a 2-3
page paper, formatted according to APA style as outlined in your approved style guide, discussing the actions taken by the
 Congress since 1985 to reduce the budget deficits.
Include some authoritative sources on the current debate between the White House. 

17. ECO 203 Week 3 DQ 1 Government Fiscal Policy (Ash Course)
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Government Fiscal Policy. Between 2007 and 2009 the U.S. economy experienced a severe recession. In an effort to stimulate the
economy, the federal government passed a stimulus package. Explain the federal government’s use of fiscal policy (the stimulus) to
promote growth and employment.

18. ECO 203 Week 3 DQ 2 Budget Deficits and the National Debt (Ash Course)
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 Budget Deficits and the National Debt. Between 2007 and 2011 the federal budget deficit grew from $160.7 billion to $1,299.6 billion,
and the national debt grew from $8.9 trillion to $14.8 trillion. (Figure 10.1: The ratio of debt to GDP, )
In your post, differentiate the budget deficit from the national debt. How do you think the increases in the budget deficits and the national
debt will affect the economy in the future?

19. ECO 203 Week 3 Quiz 1
1.         Question :        In a macroeconomic equilibrium,
2.         Question :        A progressive tax taxes each individual
3.         Question :        Supply-side tax cuts are aimed primarily at encouraging
4.         Question :        Keynes believed that the correct role for government during a depression was to
5.         Question :        The largest source of income for state governments is
6.         Question :        Before Keynes, most economists and politicians believed .

20. ECO 203 week 3 Quiz 3
1.         Question :        A laissez-faire attitude toward most markets is most closely associated with
2.         Question :        Imports are
3.         Question :        A structural deficit
4.         Question :        In the classical model, the supply of loanable funds is
5.         Question :        Fiscal policy is different in an open economy than in a closed economy because
6.         Question :        The national debt
7.         Question :        The Investment Tax Credit.

21. ECO 203 Week 3 Quiz
1.         Question :        The Investment Tax Credit
2.         Question :        A structural deficit
3.         Question :        The national debt is a burden on future generations if
4.         Question :        Fiscal policy is different in an open economy than in a closed economy because
5.         Question :        A laissez-faire attitude toward most markets is most closely associated with
6.         Question :        In the Keynesian view, the primary purpose of fiscal policy is to
7.         Question :        Before Keynes, most economists and politicians .

22. ECO 203 Week 4 DQ 1 Federal Reserve Bank Policy during the 2007-2008 Recession (Ash Course)
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 Fed Policy during the Recession. [Insert prompt].From , the Federal Reserve Bank (the Fed) used many practices that had never before been seen from the central bank of the United States.
Discuss the some of the actions that the Fed took during this period. Such as:
How the Federal Reserve’s lending practices changed during this period.

23. ECO 203 Week 4 DQ 2 The Effect of Bank Lending on the Economy (Ash Course)
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 The Effect of Bank Lending on the Economy. In conducting expansionary monetary policy, even if the Federal Reserve Bank is providing
reserves to the banking system, during a recession or during periods of slow economic growth, banks may choose not to lend out their reserves
when interest rates are low and potential borrowers look risky. This is known as a “credit crunch”. Explain how a credit crunch affects economic growth.

24. ECO 203 Week 4 Quiz 1
1.         Question :        The bulk of the M1 money supply is made up of
2.         Question :        Through open market operations, the Federal Reserve
3.         Question :        All but which one of the following are tools of monetary policy?
4.         Question :        Which of the following is a function performed by a modern society's money?
5.         Question :        If the Federal Reserve creates excess bank reserves, banks are likely to
6.         Question :        The central bank and monetary authority of the United States .

25. ECO 203 Week 4 Quiz 2
1.         Question :        In an economy with a large foreign sector, compared to one with little international economic activity,
2.         Question :        To keep the federal funds rate from rising above the target zone, the Fed must
3.         Question :        The store of wealth function of money refers to money as
4.         Question :        If the demand for money is highly sensitive to changes in the interest rate, a small decrease in the interest rate will cause
5.         Question :        When the Fed changes monetary policy .

26. ECO 203 Week 4 Quiz
1.         Question :        M1 includes all but which one of the following?
2.         Question :        The most important monetary tool of the Federal Reserve System is
3.         Question :        If the Fed sells government bonds on the open market, which of the following is likely to occur?
4.         Question :        In the classical model, the money supply affects the economy
5.         Question :        The First National Bank of Oklahoma has checkable deposits of $ 10,000,000 and total reserves of $2,500,000; the reserve ratio is 15 percent.

27. ECO 203 Week 5 DQ 1 Foreign Direct Investment (Ash Course)
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Foreign Direct Investment. Imagine you are in charge of development for a developing country and were approached by a multinational
corporation interested in locating in your country.
Identify some of the benefits and some of the costs to the host country from allowing a multinational corporation to locate in a country with a developing economy.

28. ECO 203 Week 5 DQ 2 Economies in Transition (Ash Course)
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Economies in Transition. The movement in the direction of a market-based system with freely determined prices, competition, profits, private ownership, and other features of capitalism is not simple. Discuss some of the challenges associated with an economy transitioning from socialism to capitalism.

29. ECO 203 Week 5 Final Expansionary Economic Policy (3 Papers)
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Expansionary Economic Policy
Focus of the Final Paper
Week 5 Final Paper In an effort to move the economy out of a recession, the federal government would engage in expansionary economic policies.
  Describe the actions the government would take in conducting expansionary fiscal policy and expansionary monetary policy.
Expansionary Fiscal Policy:  Review Chapter 7: Classical Macroeconomics and the Keynesian .

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