Eco 372 Entire Course

ECO 372 Entire Course
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ECO 372 Entire Course
ECO 372 Week 1 – 4 DQ
Why is economics considered a social science? What role does economics play in your personal and professional lives?
What is the difference between real and nominal GDP? Does GDP accurately reflect the nation’s welfare? Why or why not? How can a country’s GDP be manipulated? In your opinion, is the U.S. GDP being manipulated? Explain your answer.
What is the difference between real and nominal GDP?
Does GDP accurately reflect the nation’s welfare? Why or why not?
How can a country’s GDP be manipulated?
In your opinion, is the U.S. GDP being manipulated?
What are the different types of unemployment?
How do they affect the economy in terms of growth, labor force, and price of labor?
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?
Week 1 Summary
Week 2 Discussion Questions 1 – 4
ECO 372 Week 2 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 DQ 2
Why do Keynesian economists believe market forces do not automatically adjust for unemployment and inflation? What is their solution for stabilizing economic fluctuations? Why do they believe changes in government spending affect the economy differently than changes in income taxes?
ECO 372 Week 2 DQ 3
In your opinion, which two determinates currently have the greatest impact on aggregate demand and supply? Justify your response with an example.
ECO 372 Week 2 DQ 4
What is the difference between contractionary and expansionary fiscal...