ECO/372

PRINCIPLES OF MACROECONOMICS

The Latest Version A+ Study Guide

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ECO 372 All Participations Link

https://hwsell.com/category/eco-372-participations/

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ECO 372 Week 1 participation Principles of Macroeconomics, Ch. 1: Ten Principles of Economics

Consider the following as you read:

1. Consider how to describe the four determinants of productivity.
2. Consider how to explain how higher saving leads to a higher standard of living. What might deter a policymaker from trying to raise the rate of saving?
3. Consider how the rate of population growth influences the level of GDP per person.

ECO 372 Week 1 participation Principles of Macroeconomics, Ch. 2: Thinking Like an Economist

Consider the following as you read:

1. Consider why economists make assumptions.
2. Consider if an economic model describe reality exactly.
3. Consider the difference between a positive and a normative statement.
4. Consider why economists sometimes offer conflicting advice to policymakers

ECO 372 Week 1 participation Principles of Macroeconomics, Ch. 5: Elasticity and Its Application

Consider the following as you read:

1. Consider how to define the price elasticity of demand and the income elasticity of demand.
2. Consider how to explain the four determinants of the price elasticity of demand.
3. Consider if a fixed quantity of a good is available, and no more can be made, what is the price elasticity of supply?

ECO 372 Week 1 participation Principles of Macroeconomics, Ch. 9: Application — International Trade

Consider the following as you read:

1. Consider what the domestic price that prevails without international trade tells us about a nation’s comparative advantage.
2. Consider how to define what a tariff is and its economic effects.
3. Consider the difference between the unilateral and multilateral approaches to achieving free trade. Be prepared to give an example of each.

ECO 372 Week 1 Most Challenging Concepts

Recall the readings and activities you have completed this week and describe the one or two points that were least clear to you. What questions do you have that would help you understand these points better?

ECO 372 Week 2 participation Principles of Macroeconomics, Ch. 12: Production and Growth

Consider the following as you read:

1. Consider how to describe the four determinants of productivity.
2. Consider how to explain how higher saving leads to a higher standard of living. What might deter a policymaker from trying to raise the rate of saving?
3. Consider how the rate of population growth influences the level of GDP per person.

ECO 372 Week 2 participation Principles of Macroeconomics, Ch. 13: Saving, Investment, and the Financial System

Consider the following as you read:

1. Consider the role of the financial system. Be prepared to name and describe two markets that are part of the financial system in the U.S. economy.
2. Consider why it’s important for people who own stocks and bonds to diversify their holdings. What type of financial institution makes diversification easier?
3. Consider a change in the tax code that might increase private saving. If this policy were implemented, how would it affect the market for loanable funds?

ECO 372 Week 2 participation Principles of Macroeconomics, Ch. 14: The Basic Tools of Finance

Consider the following as you read:

1. Consider what benefit people get from the market for insurance. What two problems impede the insurance market from working perfectly?
2. Consider what factors a stock analyst should think about in determining the value of a share of stock.
3. Consider how to describe the efficient markets hypothesis with evidence.
4. Consider how to explain the view of those economists who are skeptical of the efficient markets hypothesis.

ECO 372 Week 2 participation Principles of Macroeconomics, Ch. 15: Unemployment

Consider the following as you read:

1. Consider the three categories into which the Bureau of Labor Statistics divides everyone. How does the BLS compute the labor force, the unemployment rate, and the labor-force participation rate?
2. Consider why frictional unemployment is inevitable. How might the government reduce the amount of frictional unemployment?
3. Consider why are minimum-wage laws a better explanation for structural unemployment among teenagers or among college graduates.

ECO 372 Week 2 Most Challenging Concepts

Recall the readings and activities you have completed this week and describe the one or two points that were least clear to you. What questions do you have that would help you understand these points better?

ECO 372 Week 3 participation Principles of Macroeconomics, Ch. 16: The Monetary System

Consider the following as you read:

1. Consider what distinguishes money from other assets in the economy.
2. Consider what is commodity money and fiat money, and which kind we use.
3. Consider what demand deposits are and why they should be included in the stock of money.
4. Consider who is responsible for setting monetary policy in the United States. How is this group chosen?

ECO 372 Week 3 participation Principles of Macroeconomics, Ch. 17: Money Growth and Inflation

Consider the following as you read:

1. Consider how to explain how an increase in the price level affects the real value of money.
2. Be able to explain the difference between nominal and real variables and give two examples of each.
3. Consider the costs of inflation. Which of these costs do you think are most important for the U.S. economy?

ECO 372 Week 3 participation Principles of Macroeconomics, Ch. 18: Open-Economy Macroeconomics — Basic Concepts

Consider the following as you read:

1. Consider how to define net exports and net capital outflow.
2. Consider how to explain the relationship among saving, investment, and net capital outflow.
3. Consider how to describe the economic logic behind the theory of purchasing-power parity.

ECO 372 Week 3 participation Zeitgeist: Moving Forward – Modern Money Mechanics

Watch the “Zeitgeist: Moving Forward – Modern Money Mechanics” video located in the Week 3 Electronic Reserve Readings.

ECO 372 Week 3 Most Challenging Concepts

Recall the readings and activities you have completed this week and describe the one or two points that were least clear to you. What questions do you have that would help you understand these points better?

ECO 372 Week 4 participation Principles of Macroeconomics, Ch. 20: Aggregate Demand and Aggregate Supply

Consider the following as you read:

1. Consider naming two macroeconomic variables that decline when the economy goes into a recession.
2. Consider listing and explaining the three reasons the aggregate-demand curve slopes downward.

ECO 372 Week 4 participation Principles of Macroeconomics, Ch. 21: The Influence of Monetary and Fiscal Policy on Aggregate Demand

Consider the following as you read:

1. Consider the theory of liquidity preference. How does it help explain the downward slope of the aggregate-demand curve?
2. Be prepared to give an example of a government policy that acts as an automatic stabilizer. Explain why the policy has this effect.

ECO 372 Week 4 participation Principles of Macroeconomics, Ch. 22: The Short-Run Trade-Off Between Inflation and Unemployment

Consider the following as you read:

• Consider what is “natural” about the natural rate of unemployment. Why might the natural rate of unemployment differ across countries?

ECO 372 Week 4 participation Week 4 Electronic Reserve Readings

Read the Week 4 Electronic Reserve Readings

ECO 372 Week 4 Most Challenging Concepts

Recall the readings and activities you have completed this week and describe the one or two points that were least clear to you. What questions do you have that would help you understand these points better?

ECO 372 Week 5 participation Principles of Macroeconomics, Ch. 23: Six Debates Over Macroeconomic Policy

Consider the following as you read:

1. Consider what causes the lags in the effect of monetary and fiscal policy on aggregate demand. What are the implications of these lags for the debate over active versus passive policy?
2. Consider what might motivate a central banker to cause a political business cycle. What does the political business cycle imply for the debate over policy rules?
3. Be prepared to explain how credibility might affect the cost of reducing inflation.
4. Be prepared to explain why some economists are against a target of zero inflation?
5. Consider what adverse effects might be caused by tax incentives to increase saving?

ECO 372 Week 5 participation Has Inflation Targeting Changed the Conduct of Monetary Policy?

Read “Has Inflation Targeting Changed the Conduct of Monetary Policy?” located in the Week 5 Electronic Reserve Readings

ECO 372 Week 5 participation Does Democracy Stifle Economic Growth

Watch the “Does Democracy Stifle Economic Growth” video located in the Week 5 Electronic Reserve Readings.

ECO 372 Week 5 Most Challenging Concepts

Recall the readings and activities you have completed this week and describe the one or two points that were least clear to you. What questions do you have that would help you understand these points better?

Hello Class,

It appears that some major changes are on the way when it comes to the minimum wage. Not only are we looking at increases in many states, we also have indexation to look forward to on the horizon.

Business owners represented by the organization, Business for a Fair Minimum Wage, want to see an increase in the minimum wage. You can find their profiles and reasons here: http://www.businessforafairminimumwage.org/

Will this initiative help or hurt the economy?