Week2 Aggregate Demand and Supply Models 2.1 Analyze the impact of various factors on aggregate demand and supply. 2.2 Evaluate the effectiveness of changes in fiscal policies using Keynesian and Classical models. 2.3 Analyze the interaction between supply chain and the supply and demand model. Objectives/Competencies Required Learning Activities Economics, Ch. 26 Economics, Ch. 27 Week Two Electronic Reserve Readings Aggregate Demand Shifts in Aggregate Demand Long Run Aggregate Supply Short Run Aggregate Supply Assessment Activity – Challenging Concepts Collaborative Activity – Historical Economic Data Assignments #1-Fundamentals of Macroeconomics Paper: Write a 700- to 1,400-word paper summarizing the results. Consider the following examples of economic activities: Purchasing of groceries Massive layoff of employees Decrease in taxes Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity. Relate at least one current event to the activities. #2- Economic Forecasting Paper Develop a list of resources you might use to gather historical economic data as well as economic forecast data. Explain how and why each source is valuable and useful. Identify any quantitative or qualitative forecasting factors contained in the sources. Write a 350- to 1,050-word paper that details your team’s findings. Week3 Monetary Policy Tasks 3.1 Assess the factors contributing to the establishment of general and specific rates of interest. 3.2 Explain the role of the Federal Reserve System in designing and implementing U.S. monetary policies. 3.3 Analyze how the money multiplier effect facilitates the creation of money. Objectives/Competencies Required Learning Activities Economics, Ch. 29 Economics, Ch. 30 Economics, Ch. 31 Economics, Ch. 34 Economics, Ch. 35 Week Three Electronic Reserve Readings Overview of Fractional Reserve Banking Full Reserve Banking Money Supply: M01, M1, and M2 Assessment Activity – Money Multiplier Discussion Collaborative Activity – Aggregate Demand and Supply Model paper Assignments See the student website for additional recommended learning activities that may help you learn this week’s concepts. #1-Aggregate Demand and Supply Models For this assignment, you will choose from the following options: Option 1: Economic Advisement Paper Option 2: Economic Critique Read the instructions in the University of Phoenix Material: Aggregate Demand and Supply Models located on the student website and select one option to complete the assignment. Review University of Phoenix Material: Aggregate Demand and Supply Models. Week4 Fiscal Policy Politics, Deficits, and Debt 4.1 Analyze the influence of deficit, surplus, and debt on the health of the U.S. macroeconomy. 4.2 Analyze the impact of tax policy on the U.S. macroeconomy. Objectives/Competencies Required Learning Activities Economics, Ch. 32 Economics, Ch. 33 Week Four Electronic Reserve Readings Assessment Activity: The Economist Assessment Activity – Current Events Collaborative Activity – Peer Review Assignments See the student website for additional recommended learning activities that may help you learn this week’s concepts. #1-Federal Reserve Presentation Your boss has chosen you to give a presentation to a number of foreign officials regarding the United States Federal Reserve System. These officials are very interested in doing business in the United States, but they would like to learn more about the Federal Reserve and how it operates as compared to the official’s home country. *You may select any country you choose as the home country of the “foreign officials”. Develop a 10- to 15-slide Microsoft PowerPoint presentation including detailed speaker notes. Remember that your title slide and references slide(s) are not part of the count. Slides must be created in notes view and there must be notes included for each point you make on your slide. Each bullet will roughly need a small paragraph to discuss it. APA citations are required in your notes. Points are deducted for a failure to properly cite your materials. An introductory slide on the Federal Reserve and a summary slide on your presentation are required. Relevant media should be used to enhance your discussions. It is strongly recommended that you have at least one slide for every content point in the assignment. Incorporate any feedback from peer review discussion. Address the following questions and include a notes page which contains the write-up portion to each question: What are the factors that would influence the Federal Reserve in adjusting the discount rate? How does the discount rate affect the decisions of banks in setting their specific interest rates? How does monetary policy aim to avoid inflation? How does monetary policy control the money supply? How does a stimulus program (through the money multiplier) affect the money supply? Currently, what indicators are evident that there is too much or too little money within the economy? How is monetary policy aiming to adjust this? What are some major differences between the Federal Reserve System and the monetary system in the officials’ home country? Format consistent with APA guidelines including a reference slide. Click the Assignment Files tab to submit your assignment. Individual #2- Supply Chain and Demand Model Discuss the relationship between supply chain and the supply anddemand model. Prepare a 350- to 1,050- word paper detailing the findings of your discussion. Week5 International Trade 5.1 Analyze the effects of international trade on the U.S. macroeconomy. 5.2 Analyze the impact of trade restrictions, tariffs, and quotas on the U.S. macroeconomy. Objectives/Competencies Required Learning Activities Economics, Ch. 36 Economics, Ch. 37 Week Five Electronic Reserve Readings Balance of Payments: Current Accounts Balance of Payments: Capital Accounts Capital Markets Risks and Rewards: Financial Globalization: A Controversial Issue Costs of Financial Globalization Assessment Activity – Challenging Concepts, Part 2 Collaborative Activity – International Trade Speech Assignments See the student website for additional recommended learning activities that may help you learn this week’s concepts. #1-International Trade Speech Assume that the team has been appointed as speech writers for the Speaker of the House. The team must write a speech which the Speaker must deliver about the current state of the U.S. macroeconomy to a number of amateur reporters who are unfamiliar with economics. Prepare a 750- to 1,050-word speech in simple terms and concepts that focus on international trade and foreign exchange rates. Integrate a summary of your answers tothe following questions and cite external research to further justify your facts: What happens when there is a surplus of imports brought into the U.S.? Cite a specific example of a product with an import surplus, and the impact that has on the U.S. businesses and consumers involved. What are the effects of international trade to GDP, domestic markets and university students? How do government choices in regards to tariffs and quotas affect international relations and trade? What are foreign exchange rates? How are they determined? Why doesn’t the U.S. simply restrict all goods coming in from China? Why can’t the U.S. just minimize the amount of imports coming in from all other countries? #2-Fiscal Policy Paper Discuss within your Learning Team how and why the U.S.’s deficit,surplus and debt have an effect on the following: Tax payers Future Social Security and Medicare users Write a 350- to 1,050-word paper that details your team’s findings.
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