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ECO 203 Entire Course (Ash Course)

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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
ECO 203 Week 2 DQ 1 The Current State of the
Economy and Unemployment

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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?

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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).

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ECO 203 Week 1 Quiz (Ash Course)

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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

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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.

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ECO 203 Week 2 DQ 2 Who Benefits and Who Lose

s 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,

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ECO 203 Week 2 Quiz (Ash Course)

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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

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ECO 203 Week 3 Assignment Efforts to Reduce th

e Budget Deficit (Ash Course)
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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

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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 governments use of
fiscal policy (the stimulus) to

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ECO 203 Week 3 DQ 2 Budget Deficits and the Na

tional 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, 19772011.)

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ECO 203 Week 3 Quiz (Ash Course)

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1. Question : The time between the legislation of
fiscal policy and its effect on output and employment
is called
2. Question : The federal income tax is
3. Question : The largest single item in the federal
budget is

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ECO 203 Week 4 DQ 1 Federal Reserve Bank Poli

cy during the 2007-2008 Recession (Ash Course
)
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Fed Policy during the 2007-2008 Recession. [Insert
prompt].From 2007-2010, 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:

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ECO 203 Week 4 DQ 2 The Effect of Bank Lendin

g 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

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ECO 203 Week 4 Quiz (Ash Course)

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1. Question : M1 includes all but which one of the
following?
2. Question : The transactions demand for money
depends on
3. Question : Individuals accept dollars because
4. Question : The fact that money is legal tender
increases its

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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.

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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.

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ECO 203 Week 5 Final Paper Expansionary Econo

mic Policy (Ash Course)
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Week 5 Final Paper

In an effort to move the economy out of a recession,

the federal government would engage in
expansionary economic policies.

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