ECO 203 Week 1 DQ 1
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Economics Systems-Discussion 1
Discuss how your college education could be considered an investment in human capital. What is the opportunity cost of your degree?
Reference: Chapter 1, section 1.1: Economics and Chapter 2, section 2.1: Limited Resources.
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ECO 203 Week 2 DQ 2
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Inflation is an important policy issue because it causes a redistribution of income and wealth, and discourages saving and investment. Discuss how inflation affects borrowers and lenders, asset prices, and households on fixed incomes.
Reference: Chapter 4, section 4.3: Gainers and Losers from Inflation.
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ECO 203 Week 3 Discussion Question 1
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Between 2007 and 2009 theU.S.economy experienced a severe recession.  In an effort to stimulate the economy, the federal government passed a stimulus package. Explain the federal government’s use of fiscal policy (the stimulus) to promote growth and employment. Support your ideas with concepts found in the assigned reading. Include the following in your response:
• Discuss some actions taken by the federal government and whether the recession would have been longer and the unemployment rate higher if the government had not acted by passing the stimulus package?Â
• If left alone, do you believe the economy would have corrected itself as suggested by Classical economic theory? Explain.
• Discuss the effect these policies had on increasing the size of the...