ECO 561 All Discussions

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ECO 561 Wk 1 Discussion – Macroeconomics

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Watch the “Introduction to Macroeconomics” segment of “The Building Blocks of Macroeconomics” from the University Library.

Respond to the following in a minimum of 175 words:

• In this segment, Timothy Taylor introduces the concept of macroeconomics. What are main topics covered by the lessons shown in the video?

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

ECO 561 Wk 1 Discussion – Decision Making and Buyer Behavior

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Monday

Respond to the following in a minimum of 175 words:

• People may make bad decisions because they fail to compare the relevant costs and benefits. Do you agree? Provide an example of when you made a bad decision, and an example of when you made a good decision. Did you compare the relevant costs and benefits?
• Discuss an example of behavior you have observed that could be described as “smart for one but dumb for all.”

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

ECO 561 Wk 2 Discussion – Market Failure and Government Response

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Watch “Market Failure & Government Response” from the University Library.

Respond to the following in a minimum of 175 words:

• In this video, viewers learn key concepts of efficiency and causes of market failure. What are the actions that governments take to remedy market failures?

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

ECO 561 Wk 2 Discussion – Competition and the Invisible Hand

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday 

Respond to the following in a minimum of 175 words:

• Read the following statement and discuss if you agree or disagree, and your rationale: If the demand of illegal drugs is inelastic, increased arrests of illegal-drug sellers will increase total expenditures on illegal drugs.
• Discuss at least 2 reasons for the change in this scenario: Early suppliers of more fuel-efficient cars were able to charge premium prices for them, but that ability faded as other suppliers adopted similar technologies.

Due Monday 

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

ECO 561 Wk 3 Discussion – Natural Monopoly

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Watch “Natural Monopoly” from the University Library. 

Respond to the following in a minimum of 175 words:

• When Alexander Graham Bell’s patents expired, smaller phone companies sprang-up offering lower prices. Bell would not allow independents to use his long distance network. What was the government action?

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

ECO 561 Wk 3 Discussion – Explaining the Imperfections

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

• Explain why monopoly sellers usually offer discount prices to buyers who are willing to mail in a rebate coupon or endure some other type of inconvenience.
• Discuss why traditional economic models find it difficult to explain why people would pay to attend weight-loss camps that restrict their daily calorie intake.

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

ECO 561 Wk 4 Discussion – Supply-Side Economics

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Watch “Supply-Side Economics” from the University Library.

Respond to the following in a minimum of 175 words:

• Arthur Laffer argued through the Laffer Curve that excessive income tax rates reduced revenue by discouraging work. Milton Friedman expresses ambivalence toward such supply-side economics. What lessons did you learn from the discussions?

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

ECO 561 Wk 4 Discussion – Income Distribution and Labor Markets

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

• Discuss at least two self-interested reasons that a top earner might favor policies to redistribute income.
• Discuss why the supply curve of labor for any specific occupation is likely to be upward-sloping, even if, for the economy as a whole, people work fewer hours when wage rates increase.

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

ECO 561 Wk 5 Discussion – Money Multiplier

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Watch the Money Multiplier:

Money Multiplier Transcript

Respond to the following in a minimum of 175 words:

• This video explains the multiplier effect. How does the multiplier facilitate the creation of money? Note: Be careful you do not confuse the monetary multiplier with the “multiplier effect” that is associated with gross domestic product (GDP) and is also referred to as the spending multiplier or the GDP multiplier.

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

ECO 561 Wk 5 Discussion – Open Economy Activities

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

One standard that corporations use to evaluate their performance against their competitors is the set of rankings developed by Fortune magazine. These include the Fortune 500, the 100 Best Companies to Work For, and other lists. The public also uses these rankings to decide to what companies they should give their business

Respond to the following in a minimum of 175 words:

• Discuss who gains and who loses when an economy opens for trade.
• Explain what determines exchange rates in the short and long run.

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

ECO 561 Wk 6 Discussion – System Dynamics

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Watch “System Dynamics” from the University Library. 

Respond to the following in a minimum of 175 words:

• Jackson uses a visual aid to show the circular flow model of the economy. How would you describe the creation of novelty?

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

ECO 561 Wk 6 Discussion – Economic Growth and Capital Flow

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

• Discuss the following statement from Principles of Economics: “Because the environment is fragile and natural resources are finite, ultimately economic growth must come to an end.”
• Explain why, in any period, a country’s net capital inflows equal its trade deficit? Include examples.

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.