• Resources: Principles of Economics textbook and Tomlinson Economics Videos • Write a 350- to 700-word memo addressing the following: o Describe the use of Gross Domestic Product (GDP) to measure the business cycle. o Describe the roles of government bodies that determine national fiscal policies. o Explain the effects of fiscal policies on the economy’s production and employment. How do changes in government spending and taxes positively or negatively affect the economy’s production and employment? • Format your paper consistent with APA guidelines.
ECO 212 Week 5 Individual Assignment - Federal Reserve Paper
• Resources: U.S. Federal Reserve Web site • Locate the section for Monetary Policy and the section for Monetary Policy Report to the Congress, from the U.S. Federal Reserve Web site http://www.federalreserve.gov • Read the most recent report by the Federal Reserve Chairman. • Write a 700- to 1,050-word paper on the U.S. Federal Reserve’s monetary policy that addresses the following points: o Define the purpose and function of money o Explain how the central bank manages a nation’s monetary system. o Outline the stated direction of recent monetary policy in the United States. o List at least one policy action that the Federal Reserve has taken to confirm that direction. o Explain the effects of monetary policies on the economy’s production and employment. • Cite your references appropriately. If you used an electronic source, include the URL. If you used a printed source please attach a copy of the data to your paper. • Format your paper consistent with APA guidelines.
ECO 212 Week 5 Learning Team Assignment - International Trade Simulation and Report • Resources: Applying International Trade Concepts simulation and Principles of Economics • Write a 1,050- to 1,750-word report in which you address the following: o List at least one advantage and one limitations of International Trade as identified in the simulation. o Identify four key points from the reading assignments that were emphasized in the simulation. o Define absolute and comparative advantage. o Describe the influences affecting foreign exchange rates. o As a team, debate the issues surrounding international trade. o For each member of the team, what were the Concept Summary results for the assessment? o As a team, evaluate the effects of government policy on economic behavior.