How does the use of a very simplified model of the economy such as those found in a production possibilities frontier help you to understand the economy? The buy local movement is fairly strong in Colorado. How can you think about it in terms of the PPF? Watch this video: http://www.mruniversity.com/courses/everyday-economics/buy-local-movement-shop-small-business (Links to an external site.) HowContinue reading “Assignment 2 – MicroEcon CMC 2021”
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Assignment 1 – MicroEcon CMC 2021
What in this chapter made you think about an economic concept differently than your previous beliefs? What new questions do you have now about the US economy based on this chapter? If you already took Macroeconomics, what is your strongest memory from the material you covered in that class? I don’t believe there wasContinue reading “Assignment 1 – MicroEcon CMC 2021”
Assignment 18 – MacroEcon CMC 2020
The mountain above is Denali – you made it to the peak! Congratulations! I hope you have enjoyed the course and are saddened to see it end. What concepts or theories did you find most interesting and/or useful? Is there an area where you changed your thinking? Re this chapter: Which debate do you considerContinue reading “Assignment 18 – MacroEcon CMC 2020”
Assignment 17 – MacroEcon CMC 2020
Whew! After the last chapter this one is easy. Describe the short run trade-off between inflation and unemployment. Why is there not a long-run trade-off? How long do you think the short-run lasts? (Or do you believe there is a trade-off at all – many economists don’t. Why? Here is a column by our textContinue reading “Assignment 17 – MacroEcon CMC 2020”
Assignment 16 – MacroEcon CMC 2020
This chapter talks about appropriate monetary and fiscal policies to affect the economy. Spring and summer of 2020 we watched both in action. What were the FRB’s actions in their attempts to lessen the affect of Covid-19 on the economy? Were they successful? How about the federal government? Were they useful? Do you agree withContinue reading “Assignment 16 – MacroEcon CMC 2020”
Assignment 15 – MacroEcon CMC 2020
Spring of 2020 the world economy experienced a significant decrease in SRAS. That was followed by a decrease in SRAD. Draw those on a graph. What would you expect to happen in your local economy as a result of those shifts? How do you expect the short run and the long run to be related?Continue reading “Assignment 15 – MacroEcon CMC 2020”
Assignment 13 – MacroEcon CMC 2020
Post your 3 favorite margin notes from this chapter. Why did you highlight and comment on these particular points in the text? (I know some of you don’t take notes as you read – just jot down three things that you found interesting in the chapter and why.) Trade Balance – value of a nationsContinue reading “Assignment 13 – MacroEcon CMC 2020”
Assignment 12 – MacroEcon CMC 2020
What are the costs of inflation? Which is most important? How about deflation? Would that be a problem and for whom? The FRB worries more about deflation. Why? Do you agree? Why or why not? Effects of Inflation: Erodes Purchasing Power Encourages Spending, Investing Causes More Inflation Raises the cost of borrowing Lowers the costContinue reading “Assignment 12 – MacroEcon CMC 2020”
Assignment 11 – MacroEcon CMC 2020
The phrase “printing money” tends to be tossed around in discussions about the money supply. How important is cash to the overall money supply? Think about the structure of the FRB. How are they related to the Federal government? Recently they have injected a huge amount into the money supply. How did they do that?Continue reading “Assignment 11 – MacroEcon CMC 2020”
Assignment 10 – MacroEcon CMC 2020
Why will there always be at least some unemployment? Give an example of a public policy that affects the unemployment rate. Is it positive or negative? Why? As a part of the Federal response to the Covid-19 pandemic a $600/week federal unemployment stipend was added to the state unemployment stipends. How would you expectContinue reading “Assignment 10 – MacroEcon CMC 2020”
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