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Published by uopstudents3, 2016-11-09 03:21:09

ECO 372 Final Exam - ECO 372 Week 5 Final Exam Answers | UOP Students

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ECO 372 Final Exam

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ECO 372 Week 1

ECO 372 - Week 1 - DQ1

DQ 1. Using the Bureau of Labor Statistics, the Federal Reserve Bank of
St. Louis, or other reputable source, select a key economic indicator that
has not been discussed by another student. Discuss how the indicator
was created and its current value. What does this key indicator say about
the current economic condition?

ECO 372 - Week 1 - DQ2

DQ 2. What is the difference between real and nominal GDP? Does
GDP accurately reflect the nation’s welfare? Why or why not? How can
data on a country’s GDP be used to make a political argument? In your
opinion, how much does this happen in the public arena? Please explain
your answer.

ECO 372 - Week 1 - DQ3

DQ 3. Identify economic factors that affect the real GDP, the
unemployment rate, the inflation rate, and a key interest rate. How do
you predict the economy will perform in the next two years given the
current state of two of the economic factors you identified? How might
your organization be affected by these changes?

ECO 372 Week 1

ECO 372 - Week 2 - DQ1

DQ 1. Explain the viewpoints of classical and Keynesian economists.
How did the economy that existed at the time of these theories influence
them? Which theory is more appropriate for the economy today? Why?

ECO 372 - Week 2 - DQ2

DQ 2. What is the economy's current stage in the business cycle?
Support your answer with an article written within the last week from
the popular press or blog. In light of the text readings, evaluate the
article and the source of the article. Based on the information, determine
where the economy fits in the business cycle.

ECO 372 - Week 2 - DQ3

DQ 3. Recessions seem to show up every so often and create economic
hardship. One might think that macroeconomic policymakers could tame
the business cycle and implement policies that would end recessions.
Are recessions a necessary fact of macroeconomic life? If not, what
would it take to eliminate them? If they are unavoidable, what types of
business can benefit from them? How would a recession affect your
firm?

ECO 372 - Week 2 - Economic Forecasting Paper

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 week’s objectives with your team. Your discussion should
include the topics you feel comfortable with, any topics you struggled
with, 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 2 - Fundamentals of Macroeconomics Paper
Individual Assignment
Resource: Figure 3-1 in Ch. 3 of Macroeconomics. Part 1
Describe the following terms in your word.
· Gross domestic product (GDP)
· Real GDP
· Nominal GDP
· Unemployment rate
· Inflation rate
· Interest rate
Part 2
Consider the following examples of economic activities:
· Purchasing of groceries
· Massive layoff of employees
· Decrease in taxes
Describe how each of these activities affects government, households,
and businesses. Describe the flow of resources from one entity to
another for each activity.
Write a 700- to 1,500-word paper summarizing the results.

ECO 372 Week 1

ECO 372 - Week 3 - Aggregate Demand and Supply Models

For this assignment, you will choose from the following options:
· Option 1: Economic Advisement Paper
· Option 2: Economic Critique
Read the instructions in the University of Phoenix Material: Aggregate
Demand and Supply Models located on the student website and select
one option to complete the assignment.
ECO 372 - Week 3 - DQ1
DQ 1. What happens to the money supply, interest rates, and the
economy if the Federal Reserve is a net seller of government bonds?
What happens to the money supply, interest rates, and the economy if
the Federal Reserve is a net buyer of government bonds. Why would the
government implement a stimulus program into the economy?
ECO 372 - Week 3 - DQ2
DQ 2. What new measures and tools has the Federal Reserve employed
in the past several years that have not been employed in the past 2
decades? How do you evaluate the change in the approach? Is this
sustainable and appropriate in the medium term?
ECO 372 - Week 3 - DQ3
DQ 3. What is the difference between contractionary and expansionary
monetary policy? What is the intention of each policy under a
depression, recession, or robust economy? Which type of monetary
policy is more appropriate today and why?

ECO 372 - Week 3 - Learning Team Weekly Reflection

Discuss this week’s objectives with your team. Your discussion should
include the topics you feel comfortable with, any topics you struggled
with, and how the weekly topics relate to application in your field.

Write a 350- to 1,050- word paper detailing the findings of your
discussion.

ECO 372 Week 1

ECO 372 - Week 4 - DQ1

DQ 1. What are the positive and negative aspects of budget deficits and
surpluses? What policy is best for today’s economy? Explain your
answer.

ECO 372 - Week 4 - DQ2

DQ 2. How does a government budget surplus affect the U.S. economy?
Identify two periods in recent history in which the United States has run
budget surpluses. What were the reasons for the surpluses during those
time periods?

ECO 372 - Week 4 - DQ3

DQ 3. How does a government budget deficit affect the economy?
Identify two periods in recent history in which the United States has run
budget deficits. What were the reasons for the deficits during those time
periods?

ECO 372 - Week 4 - Federal Reserve Presentation

Your boss has chosen you to give a presentation to a number of foreign
officials regarding the United States Federal Reserve System. These
officials are very interested in doing business in the United States, but
they would like to learn more about the Federal Reserve and how it
operates.

Develop a 10- to 15-slide Microsoft® PowerPoint® presentation.

Address the following questions and include a notes page which
contains the write-up portion to each question:

· What are the factors that would influence the Federal Reserve in
adjusting the discount rate?

· How does the discount rate affect the decisions of banks in setting
their specific interest rates?

· How does monetary policy aim to avoid inflation?

· How does monetary policy control the money supply?

· How does a stimulus program (through the money multiplier)
affect the money supply?

Currently, what indictors are evident that there is too much or too
little money within the economy? How is monetary policy aiming to
adjust this?

ECO 372 - Week 4 - Learning Team Reflection
Discuss this week’s objectives with your team. Your discussion should
include the topics you feel comfortable with, any topics you struggled
with, and how the weekly topics relate to application in your field.

Prepare a 350- to 1,050- word paper detailing the findings of your
discussion.

ECO 372 Week 1

ECO 372 - Week 5 – DQ1

Explain how foreign exchange rates are determined. How do changes in
interest rates, inflation, productivity, and income affect exchange rates?
What are the advantages and disadvantages of a weak versus a strong
dollar for imports, exports, international and domestic markets?

Please use a current example of an exchange rate [Swiss Franc-Euro, US
Dollar - Japanese Yen, etc] and describe how it affects the two [or more]
countries involved.

ECO 372 - Week 5 - DQ2

As was seen during the financial crisis of the 1930s, and in recent
history, markets are interconnected globally. Aside from financial
markets, different countries have different resources. Choose a country
other than your own, which has not already been selected by another
student, and research the EIU country data. Based on absolute advantage
and comparative advantage, explain the effect of global economic
conditions on the choices available to that country. You must include the
current exchange rate of the country's monetary unit.

ECO 372 - Week 5 – DQ3

Review the U.S. Trade Representatives website at
http://www.ustr.gov/trade-agreements/free-trade-agreements. Select a
country or trading bloc with which the United States has a current or
pending free trade agreement. What are areas of comparative advantage
of the United States and its trading partner? What are the benefits and
disadvantages specific to this free trade agreement?

ECO 372 - Week 5 - Fiscal Policy Paper
Discuss within your Learning Team how and why the U.S.’s deficit,
surplus and debt have an effect on the following:

· Tax payers

· Future Social Security and Medicare users

· Unemployed individuals

· University of Phoenix student

· The United States financial reputation on an international level

· A domestic automotive manufacturing (exporter)
· An Italian clothing company (importer)
· GDP
Write a 750- to 1,050-word paper summarizing the results.

ECO 372 - Week 5 - International Trade and Finance Speech
Assume that you have been appointed as the Speaker of the House. You
must deliver a speech about the current state of the U.S. macro economy
to a number of amateur reporters who are unfamiliar with economics.
Prepare a 750- to 1,050-word speech in simple terms and concepts that
focus on international trade and foreign exchange rates.
Integrate a summary of your answers to the following questions and cite
external research to further justify your facts:
· What happens when there is a surplus of imports brought into the
U.S.? Cite a specific example of a product with an import surplus, and
the impact that has on the U.S. businesses and consumers involved.
· What are the effects of international trade to GDP, domestic
markets and university students?
· How do government choices in regards to tariffs and quotas affect
international relations and trade?
· What are foreign exchange rates? How are they determined?
· Why doesn’t the U.S. simply restrict all goods coming in from
China? Why can’t the U.S. just minimize the amount of imports coming
in from all other countries?

Learn more…………ECO 372 Final Exam

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