# ECO 202 Macroeconomics Complete Class Latest-Trident

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## ECO 202 Macroeconomics Complete Class Latest-Trident

ECO 202 Macroeconomics Complete Class Latest-Trident

ECO202

ECO 202 Macroeconomics Complete Class Latest-Trident

ECO 202 Module 1 Case Latest-Trident

Module 1 – Case

PRODUCTION, UNEMPLOYMENT, AND INFLATION

Case Assignment

Submit a 4- to 5-page paper that addresses the following questions. Be sure to use references within the paper to support your answers. Show work for all calculations

1. Suppose that in 2013, the economy produced 10 shirts at \$20 each and 5 hamburgers at \$5 each. In 2014, the economy produced 15 shirts at \$21 each and 10 hamburgers at \$6 each. What is the value of real GDP produced in 2014 using 2013 as the base year? What would be the growth in real GDP?
2. Why is there unemployment even when the economy is at “full employment”? What are some “costs of unemployment”?
3. Use the table below:
 Year CPI 2008 100.0 2009 102.5 2010 106.0 2011 111.0
1. What is the inflation rate from 2010 to 2011?
2. Suppose that you have an income of \$30,000 in 2008. How much would you need to be able to have the same standard of living in 2009?
3. What are some of the problems with using the CPI as a measure of standard of living?
4. Explain some limitations of using GDP as an indicator of standard of living (be sure to do some research on your own).

Assignment Expectations

Use information from the modular background readings as well as any good-quality resource you can find. Make sure you cite all resources you use and provide a reference list at the end of your paper.

Length: 4–5 typed and double-spaced pages.

In addition to the overall quality, depth, grammar, and organization of the paper, the following will, in particular, be assessed:

1. The level of your understanding of the key concepts of the major macroeconomic indicators.
2. Some in-text references to modular background readings (APA formatting encouraged).

Upload your assignment to the Case 1 dropbox when completed.

ECO 202 Module 1 SLP Latest-Trident

Module 1 – SLP

PRODUCTION, UNEMPLOYMENT, AND INFLATION

Choosing a Reference Organization

For the Session Long Project, you will be asked to select an organizationto use as a focus for your application of economic ideas. You must use the same organization for all 5 SLPs.

Just below is a link to a listing of 27 companies, all have common stock that has been issued to the public (called a public corporation), and all are on the most widely used index of how well or poorly the general stock market is doing, the S&P 500 Index.

In the left column is the trading symbol of the company, if you have seen a stock ticker these are the symbols that crawl by. The next column is the company name, and the third is a brief identification of the industry the company is a part of. I have provided companies from several different industries so that you have a good variety from which to choose.

See .trident.edu/content/enforced/63969-ECO202-FAL2015-1/Modules/Module1/137551SLP1%20Choices%20PDF.pdf?_&d2lSessionVal=9hBtvIoKe8ctpuzQLrF6wotFO&ou=63969″>company choices.

Using Google will be an excellent way of finding out more details of what the main business is of the chosen company, and other general information that will be useful for the assignment. If you know how to use a financial data base you can use the trading symbol to access information, but this will not be necessary so do not worry if you do not know how to do this, the use of Google should be more than sufficient.

For the Module 1 component of the Project, please address the following questions in a 2 to 3-page MS Word document:

1. Identify and briefly describe the organization you are going to use. Why do you think it will be an interesting focus for your application of macroeconomic ideas?
2. Select three macroeconomic indicators from the link below that you feel have the greatest impact on the operations and/or planning for your SLP organization. Remember that an economic indicator measures a change in the general or in a specific aspect of the economy and you should be assessing how each macro-economic change you have chosen affects your company.

.investopedia.com/university/releases/”>http://www.investopedia.com/university/releases/

1. Explain why they are important to the current or future condition of your organization.

Assignment Tips

For this Module, think about macroeconomic indicators of performance, and how recent changes in these indicators have affected the performance of your organization. For example, how does the change in GDP affect the sales, profitability, expansion plans or competitiveness of your organization. Or, as another example, has the rise in the national rate of unemployment had any affect on your organizations’ operational performance or management decisions?

Below are three examples of what is required for this assignment. The first two are examples of correct approaches and the third is an example of an incorrect approach.

Sample Mini-Analysis (1):

My organization is a beauty shop/spa that caters to middle class women. With the recession and rise of unemployment the shop has had decreased revenue and profit. This has been particularly true of the spa part of the business because that is more of a luxury service than the simple haircut and coloring end of the business.

Notice that the primary focus was on how this macroeconomic indicator has affected the business. This is a good example of the approach to take.

Sample Mini-Analysis (2):

I will begin with the Employment Cost Index (ECI) and why it is important to the well-being of TLMP. Companies such as TLMP must be able to anticipate inflation and the impact it will have on currency exchanges and how that would impact their international production and trade. The reason ECI is of less importance to TLMP then some of the other indicators, is because it is a lagging indicator. Albeit important, it is not an indicator that will provide advance data that would allow TLMP to make a change in plans to account for an anticipated change in economic policy.

Notice that the above emphasizes the effect the ECI will have on the costs to TMLP and management has to engage in planning if these costs are expected to increase. It also demonstrates that even though ECI is an important index it is limited in its ability for TMLP management to use it because it does not provide the data in time for the company to use it for its planning. This is a good example of the approach to take.

Sample Mini-Analysis (3):

The management of Pleble Corporation uses the Retail Sales report for its planning. They compare the sales of Pleble on a month to month basis, and break it down by its various product lines to spot where sales are falling or increasing.

Notice that this is NOT a correct focus. There is an important macro-economic indicator called the Retail Sales Report but the above analysis, after mentioning it, goes into a discussion of Pleble’s sales report, and that is not a macro indicator because it is only about one company, not the entire economy. The proper focus would have been to utilize the national sales report in a way that would have helped Pleble management to forecast where their sales may be going in the near term future. For example, the downward trend of retail sales over the past 5 months indicates that Pleble should reduce their inventory.

There are literally thousands of macro-economic indicators that are reported. Keep in mind that a given organization, such as a home builder, may be affected by housing starts, even though that indicator may have no effect on a defense contractor. The link to Investopedia lists 25 of the most commonly used macroeconomic indicators.

SLP Assignment Expectations

Length: 2–3 typed and double-spaced pages.

In addition to the overall quality, depth, grammar, and organization of the paper, the following will, in particular, be assessed:

1. Your ability to apply economic concepts to a given single organization.
2. Use of appropriate citations.

ECO 202 Module 2 Case Latest-Trident

Module 2 – Case

FISCAL POLICY

Case Assignment

Submit a 4- to 5-page paper that addresses the following questions. Be sure to use references within the paper to support your answers. Show work for all calculations.

1. According to Okun’s Law, if the normal rate of growth of GDP is 3% and the current unemployment rate is 6%, an increase in GDP growth to 4% would cause unemployment to change by what percentage?
2. When total output, income, employment, and trade decline for 6 to 12 months, the economy is in what part of the business cycle?
3. Which has a larger effect on aggregate demand: an increase in government expenditure or an equal sized decrease in taxes? Explain your answer.
4. To eliminate a recessionary gap, what fiscal policy should the government pursue? Be specific.
5. Indicate which of the following is expansionary OR contractionary fiscal policy:
• Increasing income tax
• Bailing out the auto industry
• The purchase of military helicopters

Assignment Expectations

Use concepts from the modular background readings as well as any good-quality resources you can find. Be sure to cite all sources within the text and provide a reference list at the end of the paper.

Length: 4–5 pages double-spaced and typed.

The following items will be assessed in particular:

• Your ability to understand an application of fiscal policy.
• Some in-text references to the modular background material (APA formatting recommended).
• The essay should address each element of the assignment.

Remember to support your answers with solid references including the case readings.

Upload your paper to the Case 2 dropbox when it is completed.

ECO 202 Module 2 SLP Latest-Trident

Module 2 – SLP

FISCAL POLICY

Fiscal policies can have both subtle and major effects on almost all organizations. The purpose of this SLP assignment is to have you examine your organization regarding how it is affected by these economic variables and policies.

You are to place yourself in the position of being a paid lobbyist for your organization. Pick two or three major fiscal policy initiatives you would lobby Congress about. However, this is not in general, this is for your organization, not for the economy as a whole, so make sure to take that specific focus. Again, if you’re using an unconventional organization, you may have to get a little creative here.

1. As your organization’s lobbyist, what would you like to see done by the federal government that would be of help to your organization? As a lobbyist it is not your job to be concerned with the deficit, or the environment, or the general health of the financial system (unless, of course, you are lobbying for an environmental, financial, or deficit reduction group). Your answer to this question can give an interesting perspective as to how lobbying can distort economic policy and decisions.

CAUTION: I am not looking for general comments that could apply to the country as a whole or any given organization, what I want is comments that are relevant specifically to your organization.

There are three articles below on the pros and cons of lobbying, feel free to google the subject to find more:

.idebate.org/en/index.php/Debate:_Lobbying”>http://dbp.idebate.org/en/index.php/Debate:_Lobbying

.chiff.com/society/lobby.htm”>http://www.chiff.com/society/lobby.htm

.reuters.com/article/2009/09/13/obama-lobbying-idUSN1348032520090913″>http://www.reuters.com/article/2009/09/13/obama-lobbying-idUSN1348032520090913

1. The majority of lobbying efforts center around fiscal policy. Please discuss your opinions on lobbying regarding if it is useful and should continue as is, if it should continue but with constraints to limit how much is done, or if it should be eliminated.

SLP Assignment Expectations

Use information from the modular background readings as well as any good quality resource you can find. Make sure you cite all resources you use and provide a reference list at the end of your paper.

Length: 2-3 typed and double-spaced pages.

In addition to the overall quality, depth, grammar, and organization of the paper, the following will, in particular, be assessed:

1. Analytical ability in relating federal policies to the specifics of your organization.
2. Your ability to relate federal government activity to your specific organization

Upload the completed assignment to the SLP dropbox for this module.

ECO 202 Module 3 Case Latest-Trident

Module 3 – Case

THE MONEY MARKET

Case Assignment

Submit a 4- to 5-page paper that addresses the following questions. Be sure to use references within the paper to support your answers. Show work for all calculations.

1. Are credit cards or debit cards money? Explain your answer.
2. Assume that the bank holds no excess reserves and that the required reserve ratio equals 10% of deposits. If a customer deposits \$5,000, what would be the total increase in checking account balances throughout all banks? Explain the process by which the banking system creates money.
3. In your own words, list the Fed’s main policy tools and briefly explain each one.
4. TRUE or FALSE. “When the Fed makes an open market purchase of government securities, the quantity of money will eventually decrease by a fraction of the initial change in the monetary base.” Is the previous statement correct or incorrect? Explain your answer.

Assignment Expectations

Use concepts from the modular background readings as well as any good-quality resources you can find. Be sure to cite all sources within the text and provide a reference list at the end of the paper.

Length: 4–5 pages double-spaced and typed.

The following items will be assessed in particular:

• Your ability to understand an application of monetary policy.
• Some in-text references to the modular background material (APA formatting recommended).
• The essay should address each element of the assignment. Remember to support your answers with solid references including the case readings.

Upload your paper to the Case 3 dropbox when it is completed.

ECO 202 Module 3 SLP Latest-Trident

Module 3 – SLP

THE MONEY MARKET

For the Module 3 SLP assignment, please address the following questions in a 2- to 3-page paper. You will need to review some concepts from Module 2.

1. Assess the overall financial health of your organization. What are good and bad signs, if any, in your assessment? Measures of financial health may include sales and/or profit increases or decreases, if employees are being hired or laid off, major new orders being placed or orders being cancelled. These are some but not all measures that could be looked at, but if you are using an unconventional organization, you may have to get a little creative here.
2. To what extent is your organization’s financial health affected by fiscal and monetary policy? Please give at least one specific example.

SLP Assignment Expectations

Use information from the modular background readings as well as any good quality resource you can find. Make sure you cite all resources you use and provide a reference list at the end of your paper.

Length: 2–3 typed and double-spaced pages.

In addition to the overall quality, depth, grammar, and organization of the paper, the following will, in particular, be assessed:

1. Analytical ability in relating monetary policies to the specifics of your organization.
2. Your ability to relate Federal Reserve activity to your specific organization.

Upload the completed assignment to the SLP dropbox for this module.

ECO 202 Module 4 Case Latest-Trident

Module 4 – Case

INTERNATIONAL TRADE AND FINANCE

Case Assignment

Submit a 4- to 5-page paper that addresses the following questions. Be sure to use references within the paper to support your answers. Show work for all calculations.

1. Explain how governments restrict international trade and who benefits as well as who loses from the restrictions.
2. Because wage rates are so low in Africa, why don’t Microsoft, Cisco and other major corporations close down their American operations and move to Africa?
3. Consider the foreign exchange market for Japanese Yen and Dollars. Assume a market where the U.S. dollars are on the x axis as shown in the background material. Indicate whether the dollar would APPRECIATE or DEPRECIATE if the following events occur (be sure to explain your answer such as including reference to the demand or supply curve):
4. The interest rate in Japan is lowered.
5. Prices are lower in U.S.
6. Higher US interest rates.
7. What is the effect of a higher exchange rate on exports and imports?

Assignment Expectations

Use concepts from the modular background readings as well as any good-quality resources you can find. Be sure to cite all sources within the text and provide a reference list at the end of the paper.

Length: 4–5 pages double-spaced and typed.

The following items will be assessed in particular:

• Your ability to understand international trade policy.
• Some in-text references to the modular background material (APA recommended).
• The essay should address each element of the assignment.

Remember to support your answers with solid references including the case readings.

Upload your paper to the Case 4 dropbox when it is completed.

ECO 202 Module 4 SLP Latest-Trident

Module 4 – SLP

INTERNATIONAL TRADE AND FINANCE

As we have learned, foreign trade policy can have a significant impact on domestic firms. Consider the firm you have chosen and address the questions below in a 2- to 3-page paper:

1. Suppose the U.S. government removed tariffs in your industry. What impact would that have on your firm?
2. What are some obstacles your firm might face with production in another country?
3. Using at least TWO resources that you find on your own, make an argument FOR or AGAINST free trade. Be sure to discuss the advantages and disadvantages of which policy you support. (Wikipedia is not an acceptable academic resource for this course).

SLP Assignment Expectations

Use concepts from the modular background readings as well as any good-quality resources you can find. Please be sure to cite all sources within the text and a reference list at the end of the paper.

Length: 2–3 pages double-spaced and typed.

The following items will be assessed in particular:

• Your ability to examine the international market in a particular firm.
• Some in-text references to the modular background readings (APA recommended)
• The essay should address each element of the assignment. Remember to support your answers with solid references.

Upload your paper to the SLP 4 dropbox when it is completed.

ECO 202 Module 5 Case Latest-Trident

Module 5 – Case

ECONOMIC GROWTH

Case Assignment

Submit a 4- to 5-page paper that addresses the following questions. Be sure to use references within the paper to support your answers. Show work for all calculations.

1. (a.) Suppose real GDP was \$13.1 trillion in 2013 and \$13.3 in 2014, what is the growth rate? (b.) How many years would it take for GDP (gross domestic product) to double (using your answer from part (a)?
2. What are the sources of human capital? Discuss some specific examples.
3. What is the law of diminishing returns? Give an example of what the law of diminishing returns implies.
4. What happens when the government raises taxes and uses revenue to engage in spending?

Assignment Expectations

Use concepts from the modular background readings as well as any good-quality resources you can find. Be sure to cite all sources within the text and provide a reference list at the end of the paper.

Length: 4–5 pages double-spaced and typed.

The following items will be assessed in particular:

• Your ability to understand what factors affect economic growth.
• Some in-text references to the modular background material (APA recommended).
• The essay should address each element of the assignment.

Remember to support your answers with solid references including the case readings.

When your paper is completed, upload it to the Case 5 dropbox

ECO 202 Module 5 SLP Latest-Trident

Module 5 – SLP

ECONOMIC GROWTH

In this course, we have covered several important concepts such as GDP, unemployment, monetary and fiscal policy. For our final module you will apply these concepts to your firm.

Current Event

1. Pick a recent newspaper article (New York Times, Wall Street Journal, etc.) that focuses on your firm or industry. Describe the event and the issue for your firm. (summarize article by including, who, what, when, and where)
2. Describe the basic issue and background behind the event.
3. What economic principle(s) can be applied to the event or issue? Identify and briefly describe a specific principle that we have covered in one or more of the modules.
4. How does this event impact the future of the firm or industry? For instance, what do you think would be the future outlook for the firm?

SLP Assignment Expectations

Use information from the modular background readings as well as any good quality resource you can find. Make sure you cite all resources you use and provide a reference list at the end of your paper.

Length: 2–3 typed and double-spaced pages.

In addition to the overall quality, depth, grammar, and organization of the paper, the following will, in particular, be assessed:

1. Analytical ability in relating a current event to the specifics of your organization.
2. Your ability to relate the economic concepts of this course to your specific organization

Upload the completed assignment to the SLP dropbox for this module.