...Jones ECO201 In every aspect of life, we forfeit the opportunity to partake in one instance by choosing what we consider to be the next-best alternative; the option that will be most beneficial to our present and/or future. In economic terms this is best known as opportunity cost. With any and every given situation the smartest decision is to select the option that produces the most outcomes. With the given possibility curve a country can produce health care and education. However when a country chooses to produce more of one they give up the opportunity to produce more of the other. If a country uses all of its resources on healthcare the result will be 13 units of health care produced and 12 units of education produced. On the other hand, if a country uses all of its resources on education the outcome will be 21 units of education produced and 7 units of health produced. If a country is currently producing 11 units of health care and 16 units of education, the opportunity cost for producing 5 more units of education will be exactly the same using all of its resources on education. The country will produce 21 units of education and 7 units of health care. Even though a country will gain 5 more units of education they will lose 4 units of health care. Although, the production possibility curve does not tell who should receive which units, and in which increments they should receive them in, I would attempt to distribute the health care and education as evenly and in some...
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...Assignment 1: LASA 2 International Trade ECO201 Macroeconomics Instructor: George Williams Completed by: Carleen Wardlow student at Argosy University July 20, 2013 The table below represent U.S. trade balance with China over years (2007-2011): Years: 2007 2008 2009 2010 2011 Export: 62,936,891,576 69,732,837,543 69,496,678,611 91,880,613,079 103,939,433,941 Years: 2007 2008 2009 2010 2011 Import: 321,442,866,934 337,772,627,823 296,373,883,488 364,943,854,151 399,361,922,088 Trade balance with China Years: 2007 2008 2009 2010 2011 (millions of dollars) -258,505,975,358 -268,039,790,280 -226,877,204,877 -273,063,241,072 -295...
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...International Trade ECO201: Macroeconomics Tiffany Rice Argosy University According to the USDC (2013), the trade balance between China and the United States for the most recent five year period is: i. 2015 - negative 365,694.5 million dollars ii. 2014 – negative 343,078.8 million dollars iii. 2013 – negative 318,713.2 million dollars iv. 2012 – negative 315, 102.5 million dollars v. 2011 – negative 295,249.7 million dollars (USDC, 2013). According to Colander (2008), foreign trade between two countries can impact many things among each country such as income, prices, interest rates and trade policies. The U.S. and China appear to have used one of the two approaches in the exchange rate system regarding currency of their nations, known as the flexible exchange rate. The flexible exchange rate is a type of exchange rate that is determined by the market rather than the government and is freely allowed to go whichever way it likes to determine an equilibrium value, which is impacted by supply and demand of currency (Colander, 2008). The reason I believe that a flexible exchange rate was used between the U.S. and China is because of the various differentiating amounts of the trade balance between these two countries. The balance of payments is a summary that contains records of financial transactions. There are two types of transactions that are recorded in the balance of payments, which include the current account and the...
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...1 Module 4 Assignment 2: The Multiplier Effect The Multiplier Effect Amanda M. Diehl Argosy University Macroeconomics: ECO201 A02 2 Household spending appears to be expanding at a moderate rate, though it remains constrained by a weak labor market, modest income growth, lower housing wealth, and tight credit. Businesses are still cutting back on fixed investment, though at a slower pace, and remain reluctant to add to payrolls; they continue to make progress in bringing inventory stocks into better alignment with sales. Financial market conditions have become more supportive of economic growth. Although economic activity is likely to remain weak for a time, the Committee anticipates that policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will contribute to a strengthening of economic growth and a gradual return to higher levels of resource utilization in a context of price stability. (Governors, 2009). From what I can see, the Federal Reserve’s use of open-market operations to influence the money supply is done by increasing the inflation-adjusted market value of the goods and services produced by an economy over time. The more consumers pay for goods and necessities the more profit is made. As this is a great way of going about it, this is also what keeps some consumers from buying products they need due to it not being something their finances can handle. This means...
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...PROGRAM Summary General Courses Undergraduate Core Courses Undergraduate Electives Undergraduate Specialization Project / One Additional course Total Credit Hours 36 60 24 12 3 135 Undergraduate Core Courses S.NO C. CODE TITLE 1. ACT201 Principles of Accounting 2. ACT501 Financial Accounting 3. ACT301 Cost Accounting 4. FIN201 Business Finance 5. FIN505 Financial Institutions & Markets 6. FIN501 Financial Management 7. MKT201 Principles of Marketing 8. MKT507 Marketing Management 9. MGT202 Principles of Management 10. MGT502 Human Resource Management 11. MGT501 Organizational Behaviour 12. MGT507 Operations Management 13. MGT401 Entrepreneurship 14. MGT506 Business Research Methods 15. GEN501 Business Communication & Report Writing 16. ECO201 Principles of Microeconomics 17. ECO202 Principles of Macroeconomics 18. GEN303 Creative Thinking and Reasoning 19. FIN301 Islamic Banking & Finance 20. QNT501 Mathematics & Statistics for Business Sub Total Approved Scheme of Study BBA (Hons) 4 Year Program 60 GENERAL COURSES S.NO 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. C. CODE GEN103 GEN104 GEN110 GEN113 GEN111 GEN107 GeN108 MGT201 ITM201 GEN202 GEN301 GEN302 COURSE TITLE Arabic-I Arabic-II Islamic Perspective of Business Islamic Law of Business Transactions Pakistan Studies Functional English-I Functional English-II Oral Communication & presentation IT in Business Human Behaviour Introduction to Sociology Business, Society & Ethics Sub Total Cr 36 Undergraduate Electives...
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...ECO201 Practice questions Seminar 1 Question 1 A decision maker wishes to maximize the total benefit associated with three activities, X, Y and Z. The price per unit of activities X, Y and Z is $1, $2 and $3. The following table gives the ratio of marginal benefit to the price of the activities for various levels of each activity: Level of activity 1 2 3 4 5 6 7 8 10 9 8 7 6 5 4 3 22 18 12 10 6 4 2 1 14 12 10 9 8 6 4 2 (a) What is the total benefit that results if the decision maker uses 1 unit of X, 1 unit of Y and 1 unit of Z? (b) Suppose the decision maker can spend a total of only $18 on the three activities, what is the optimal level of X, Y and Z? Why is this combination optimal? (c) Now suppose the decision maker has $33 to spend on the three activities. What is the optimal level of X, Y and Z? Question 2 Level of Activity 0 1 2 3 4 5 6 Total Benefit of Activity X (TB X) $0 30 54 72 84 92 98 Total Benefit of Activity Y (TBY) $0 100 190 270 340 400 450 (a) The firm places a budget constraint of $26 on expenditures X and Y. What are the levels of X and Y that maximize total benefit subject to the budget constraint? (b) What is the total benefit associated with the optimal levels of X and Yin part (a)? Seminar 2 Question 3 You decide to estimate the following quarterly sales forecasting model for new boat sales in your local county: Qt a bt cD The equation is estimated using quarterly data on new boat sales in the county from 2001III 2007 IV ( t = 1,..., 26). The variable...
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...The Multiplier Effect Kasie Collins Macroeconomics | ECO201 A02 December 4, 2013 Abstract: This paper measures the effects on the primary U.S. mortgage market. This paper will discuss the Federal Reserve purchasing $1.25 trillion of mortgage backed securities in 2009 and also in 2010. We use an event-study approach and measure the movements in both prices and quantities around the initial announcement of the LSAP and subsequent changes to the program. This paper will show that the LSAP program led to a substantial boost in market activity, with discontinuous increases in searches, applications, and originations for refinance mortgages but not for purchase mortgages. Finally, this paper will show that more creditworthy borrowers were significantly more likely to benefit from the improved credit availability. Introduction The Federal Open Market Committee (FOMC announced a plan for the Federal Reserve Bank of New York. On November 25, 2008, the FOMC announced that the Federal Reserve Bank of New York would purchase $500 billion dollars of mortgage-backed securities (MBS). This was issued by the two main government-sponsored entities (GSEs) for housing, Fannie Mae and Freddie Mac, as well as ones guaranteed by the government agency Ginnie Mae. The purpose of large-scale asset purchase (LSAP) program was to reduce the spread between mortgage interest rates and other interest rates of similar duration. This action is being taken to reduce the cost and increase the availability...
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...What is Gross Domestic Product? Samantha Vanderlooven 11/18/2013 Macroeconomics | ECO201 A02 Faculty: Online Instructor , Jad Habchi 1. What was Real GDP for 2009? The GDP for 2009 was -3.1 In 2009, GDP started to improve after four quarters of decline during The Great Recession. Nominal GDP for 2009 rebounded to $14.418 trillion Q1: $14,381 trillion Q2: $14.342 trillion Q3: $14.384 trillion Q4: $14.564 trillion Or The Real GDP for 2009 was 13,973.7 a. What does GDP tell us? The gross domestic product (GDP) is one the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period - you can think of it as the size of the economy. Usually, GDP is expressed as a comparison to the previous quarter or year. For example, if the year-to-year GDP is up 3%, this is thought to mean that the economy has grown by 3% over the last year. b. How did GDP change from 2008? In the revised estimates, real GDP increased 0.4 percent for 2008; in the previously published Estimates, real GDP had increased 1.1 percent. From the fourth quarter of 2007 to the first quarter of 2009, real GDP decreased 2.8 percent at an average annual rate; in the previously published estimates, it had decreased 1.8 percent. c. What caused these changes? The increase in real GDP in the third quarter...
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...BSc Finance BSFI Curriculum Plan (Updated on 19-Oct-2012 11:02:52 AM) *Note 1: As part of the graduation requirement, students must complete at least 30cu of level 3 courses & above from the compulsory & major. *Note 2:Students are strongly advised to follow the proper progression of course level (ie, take level 1 courses before level 2, and level 2 before level 3). *Note 3: Timetable- Detail of the class day, week and term would be reflected on the table below. If it is blank, a separate timetable will be issue to you at a later stage. COMPULSORY - 80 Credit Units Code ACC201e Name Financial Accounting Credit Jul Units 12 5 Y Jan 13 Y Jul 13 Y Jan 14 Y Last Presentation Time Table 2018/07 FRIDAY WEEK 1 TERM 1 FRIDAY WEEK 1 TERM 2 THURSDAY WEEK 2 TERM 1 MONDAY WEEK 2 TERM 1 MONDAY WEEK 2 TERM 2 TUESDAY WEEK 1 TERM 1 Pre-requisite Excluded Combination BFSZ231 or BFSZ333 or CUL207 BFSZ231 or BFSZ333 BSZ220 BSZ150 BSZ150 BUS101e & BUS103, HRM201 Grouping Remarks . Lab* NONLAB NONLAB NONLAB NONLAB NONLAB NONLAB ACC203e BUS105e BUS201 BUS203 BUS206 Managerial Accounting Statistics Contract and Agency Law Company Law and Corporate Governance Managing People 5 5 5 5 5 Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y 2018/07 2016/01 2016/01 2016/01 2020/01 Page 1 of 9 Code BUS488 Name Strategy Credit Jul Units 12 10 Y Jan 13 Y Jul 13 Y Jan 14 Y Last Presentation Time Table 2016/07 SATURDAY - Pre-requisite Excluded Combination BUS499 Grouping Remarks Lab* To take in final...
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...2012 Catalog Volume 20 Issue 1 March 5, 2012 – December 31, 2012 This Catalog contains information, policies, procedures, regulations and requirements that were correct at the time of publication and are subject to the terms and conditions of the Enrollment Agreement entered into between the Student and ECPI University. In keeping with the educational mission of the University, the information, policies, procedures, regulations and requirements contained herein are continually being reviewed, changed and updated. Consequently, this document cannot be considered binding. Students are responsible for keeping informed of official policies and meeting all relevant requirements. When required changes to the Catalog occur, they will be communicated through catalog inserts and other means until a revised edition of the Catalog is published. The policies in this Catalog have been approved under the authority of the ECPI University Board of Trustees and, therefore, constitute official University policy. Students should become familiar with the policies in this Catalog. These policies outline both student rights and student responsibilities. The University reserves the right and authority at any time to alter any or all of the statements contained herein, to modify the requirements for admission and graduation, to change or discontinue programs of study, to amend any regulation or policy affecting the student body, to increase tuition and fees, to deny admission, to revoke an offer...
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...OFFICIAL CATALOG This Catalog contains information, policies, procedures, regulations and requirements that were correct at the time of publication and are subject to the terms and conditions of the Enrollment Agreement entered into between the Student and ECPI University. In keeping with the educational mission of the University, the information, policies, procedures, regulations and requirements contained herein are continually being reviewed, changed and updated. Consequently, this document cannot be considered binding. Students are responsible for keeping informed of official policies and meeting all relevant requirements. When required changes to the Catalog occur, they will be communicated through catalog inserts and other means until a revised edition of the Catalog is published. The policies in this Catalog have been approved under the authority of the ECPI University Board of Trustees and, therefore, constitute official University policy. Students should become familiar with the policies in this Catalog. These policies outline both student rights and student responsibilities. The University reserves the right and authority at any time to alter any or all of the statements contained herein, to modify the requirements for admission and graduation, to change or discontinue programs of study, to amend any regulation or policy affecting the student body, to increase tuition and fees, to deny admission, to revoke an offer of admission and to dismiss from the...
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