Principles of Microeconomics – Book: Macroeconomics by Paul Krugman and Robin Wells – Fifth Edition (ISBN:1319098754)
Instructions: Complete all unit (Ungraded and Graded) discussions and follow the notes for the Graded Discussions. Complete all unit reflection questions.
Unit 2 Ungraded Threaded Discussion
What do you think is the impact of fiscal stimulus spending program on employment and production in the U.S.?
Unit 2 Graded Discussion
Economics is the study of how people allocate their limited resources to satisfy their nearly unlimited wants. Because of the limited nature of society’s resources people everywhere are not able to meet their wants and needs. Explain how you make decisions to use your scarce resources, e.g., money, time, etc., to fulfill your wants and needs.
Note: Post your main discussion. Main discussion must be at least 250 words.
Unit 2 Reflection Questions
1. During recession and expansion, what happens to Gross Domestic Product(GDP)?
2. How would you explain the pains of inflation and deflation?
3. What were your three main takeaways from the live session this week?
Unit 3 Ungraded Threaded Discussion
Economists argue that the problems presented by widespread climate destruction can only be resolved through government intervention as well as cooperation among different governments. Why do they hold this view?
Unit 3 Graded Discussion
University and College education is said to be important to succeed in America. Do you believe universities and colleges could charge any amount of money without affecting the number of people who apply? (First explain what university and college education is about)
Note: Post your main discussion. Main discussion must be at least 250 words.
Unit 3 Reflection Questions
1. What happens to unemployment rate during economic recession and expansion?2. Who are the winners and losers from inflation? Explain.
3. What do you think are reasons for slow and uneven economic growth in the continent of Africa?
4. What were your three main takeaways from the live session this week?
Unit 4 Ungraded Threaded Discussion
As baby boomers retire and draw their savings, supply in loanable fund market will decrease. If there are not increases in saving from other sources, how would that affect the economy in terms of interest rate, investment spending, and employment?
Unit 4 Graded Discussion
COVID – 19 pandemic caused serious disruption in the US economy leading to millions of people losing their jobs, homes and exhaust their savings. Explain how this pandemic affects you as an individual and the economy in general in terms of saving and investing. (HINT: Begin by defining and explaining saving and investing before responding to the issue as posed)
Note: Post your main discussion. Main discussion must be at least 250 words.
Unit 4 Reflection Questions
1. Financial system is a collection of markets and institutions that facilitate funds from lenders to borrowers in the form of loan, stocks, bonds. bank deposits. In an open economy such as the U.S. economy, financial markets (Dow Jones Industrial Average, S&P 500, and NASDAQ) are the three major indices of the financial market that make the financial system work. A well-functioning financial system is a critical ingredient in achieving long-run economic growth because it encourages greater savings and investment spending.
What do you think of Warren Buffett’s strategy in the financial market?
2. What were your three main takeaways from the live session this week?
