Simple economics questions
1. Go online* and find the US
economic growth rate and trends over the past 30 years. Compare these
findings to the same data for China and India. Write a paragraph to
summarize your findings and comment on what explains the variation in
these data. Report your source in APA or MLA format.
You must
restrict your search to primary sources e.g. government sites or
academic sites (.gov or .edu) or current events articles from reputable
news outlets, and provide your own analysis. Steer clear of sites like
balance.com/about.com, investopedia.com, amosweb.com, economicshelp.org,
etc. Sites like these are terrible sources! Report your source in APA
or MLA format.
2.What is economic freedom and why is it important
for economic growth? Go online and find an estimate of the current US
GDP growth rate. A simple Google search such as ‘US GDP First Quarter
2016’ or ‘US gdp growth’ will get you started. How does the US growth
rate compare to the growth rate in other countries? What besides
economic freedom explains these differences?” Be sure to include a link
to an external source
3.
(1) Draw a generic Aggregate Supply
(AS) and Aggregate Demand (AD) curve on a set of axes. Label your
vertical axis and your horizontal axis appropriately and indicate where
the macroeconomic equilibrium is.
(2) Then find a current events
article that discusses some macroeconomic event that will affect either
AS or AD. Represent this effect using a rightward or leftward shift as
appropriate.
(3) Interpret the effect on the price level, output,
and unemployment in the context of your model as applied to your current
events article.
You must restrict your search to primary sources
e.g. government sites or academic sites (.gov or .edu), or reputable
news sites, and provide your own analysis. Steer clear of sites like
balance.com/about.com, investopedia.com, amosweb.com, economicshelp.org,
etc. Sites like these are terrible sources! Report your source in APA
or MLA format.
4.
What might cause the Aggregate Demand
curve to shift to the right? What does this mean for the state of the
economy? What might cause the Aggregate Demand curve to shift to the
left? What does this mean for the state of the economy?
Sometimes
the Aggregate Supply curve is drawn as an upward sloping straight
line–other times it is drawn initially flat, then upsloping, then very
steep. How does the shape of the AS curve matter for the effect a
rightward or leftward shift of the AD curve will have on real GDP and
the price level? When do we expect a rightward shift of AD to cause
inflation? When do we expect it to cause decreased unemployment? (Hint:
Draw this out on a piece of paper for yourself to see what’s going
on).”
Be sure to include a link to an external source
5.
Go
online and find the current rate of inflation in the United States and
the current federal funds rate. A simple Google search such as “US
inflation rate 2016” and “Federal Funds Rate Data” should get you
started. How does an increase in the money supply affect the rate of
inflation and interest rates?”
Be sure to include a link to an external source
6.
Go
online to find a news article that provides an example of expansionary
monetary policy and an example of contractionary monetary policy. You
may use two different articles. What monetary policy did the Federal
Reserve employ in response to the Great Recession? What is the current
monetary policy of the Federal Reserve? Write a paragraph to summarize
your findings and answer these questions.
You must restrict your
search to primary sources e.g. government sites or academic sites (.gov
or .edu) or current events articles (published by reputable news
outlets) and provide your own analysis. Steer clear of sites like
balance.com/about.com, investopedia.com, amosweb.com, economicshelp.org,
etc. Sites like these are terrible sources! Report your source in APA
or MLA format.
7.
“How is fiscal policy used to address
problems in the economy? How are the short run and long run consequences
of using fiscal policy different? What are the issues that complicate
the task for policy makers of using fiscal policy to manage the economy?
Be sure to include a link to an external source
8.
What is the effect of expansionary fiscal policy on unemployment and inflation? Go online and
(1)
Find a current events article that describes an example of expansionary
fiscal policy and that illustrates one or both of these effects. Your
article needs to be a ‘real-world’ or ‘current events’ example from a
reputable news site. It cannot be from study.com, investopedia.com,
thebalance.com, or any similar study-aid site. Those sites are awful!
For the actual economic content you can either cite our textbook or a
government or academic site (.gov or .edu). The best articles will probably come from The New York Times, The Wall Street Journal, or The Economist
(2) Write a paragraph to summarize your findings.
(3)
Be sure to incorporate your own analysis using ideas from the course to
explain the application of economics to the ideas found in your
article.
9.
What are the advantages and disadvantages of a
fixed exchange rate? What are the advantages and disadvantages of a
floating exchange rate? Under what conditions might it be a good idea
for a country to adopt a gold standard? Go online to find a news article
that describes an example of a country that has changed their system
from fixed to floating or from floating to fixed. Write a paragraph to
summarize your responses.
You must restrict your search to primary
sources e.g. government sites or academic sites (.gov or .edu) or
current events articles (published by reputable news outlets) and
provide your own analysis. Steer clear of sites like
balance.com/about.com, investopedia.com, amosweb.com, economicshelp.org,
etc. Sites like these are terrible sources! Report your source in APA
or MLA format.
