economics 125

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.

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