Economic -Discussion 1
“Aggregate Demand and Supply”
In 1973, there was an oil supply shock created by OPEC (the Organization of the Petroleum Exporting Countries). Your textbook describes the supply shock as a source of the recession which lasted from 1973-1975.
Now the price of oil is dropping. Let’s look at what happens when the supply shock is favorable.
Use aggregate demand and aggregate supply to explain why current oil prices are so low. It is certainly good for consumers, but is there a downside as well?
When oil prices drop, who benefits and who loses? Why? How?
Economic – Discussion 2
“Fiscal Policy”
Read CNBC’s Consumer confidence strengthens in July, beating expectations for a drop
Explain your reasoning.
Economic – Discussion 3
“The Federal Reserve and Monetary Policy”
Visit the Federal Reserve website: https://www.federalreserve.gov/faqs/about-the-fed…. and answer the following questions in your own words.
Part 1
• What is the mission and legal mandate of the Federal Reserve System?
• What policy tools are available to the Fed to achieve its mission?
• What is the difference between an insolvent bank and an illiquid bank?
o Why/how does the Fed treat banks that are insolvent differently from illiquid banks?
Part 2
The Fed has only increased the interest or discount rate twice since the 2007/08 recession. Will it push the rates up a bit more? We don’t know! We can find out what those at the Fed are thinking by checking out posted information each month by the FOMC (Federal Open Market Committee).
• According to the Fed, what are its inflation and full-employment targets?
• Explain how changes in the money supply will raise interest rates and how the anticipated increase in interest rates will likely affect GDP and employment.
Economic – Discussion 4
“Course Completion”
In the interview you watched in Week 1 with Bill Gates, he argues that economics is an agent of change that will impact every career. Based on your study of economics, do you agree that knowing more about economics will help in your career?
Economic Assignment 1
Week 9 Assignment: Using the Ten Principles to Analyze a Challenging Economic Issue
Due Week 9 worth 160 points
https://www.wsj.com/articles/american-retail-has-a-coffee-problem-1510056002 (here is the article, I picked)
Throughout the course, you have been provided with videos and articles in This Week in Business News. Pick one of these articles/videos which deals with an economic challenge that interests you. It should be an article/video from which you learned the most, from which you got an insight that changed your mind, or with which you disagree.
Prepare a paper on this article/video in which you explain why you chose it. What made this issue important to you?
Then identify which of the Ten Principles this article relies. Does this article/video reject any or all of the Ten Principles?
In your analysis of the article/video and the Ten Principles, be sure to rely on at least two high-quality professional or academic articles on the same issue.
This paper must include:
Write a two to three (2-3) page paper in which you:
Your assignment must follow these formatting requirements:
English – Discussion 1
“Improving Punctuation and Other Writing Skills”
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