trident eco202 all modules cases latest 2016 may

module 1Module 1 – CasePRODUCTION, UNEMPLOYMENT, AND INFLATIONCase AssignmentSubmit a 4- to 5-page paper that addresses the following questions. Be sure to use references within the paper to support your answers.Why is there unemployment even when the economy is at “full employment”? What are some “costs of unemployment”?Is the CPI a biased measure of the inflation rate? Explain your answer.Explain how some government tax revenue and spending can depend on the state of the economy.Explain some limitations of using GDP as an indicator of standard of living (be sure to do some research on your own to find any alternative measures).Assignment ExpectationsUse information from the modular background readings as well as any good quality resource you can find. Make sure you cite all resources you use and provide a reference list at the end of your paper.Length: 4–5 typed and double-spaced pages.In addition to the overall quality, depth, grammar, and organization of the paper, the following will, in particular, be assessed:The level of your understanding of the key concepts of the major macroeconomic indicators.Some in-text references to modular background readings (APA formatting encouraged).Upload your assignment to the Case 1 dropbox when completed.module 2Module 2 – CaseFISCAL POLICYCase AssignmentSubmit a 4- to 5-page paper that addresses the following questions. Be sure to use references within the paper to support your answers. Show work for all calculations.Which has a larger effect on aggregate demand: an increase in government expenditure or an equal-sized decrease in taxes? Explain your answer.To eliminate a recessionary gap, which fiscal policy should the government pursue? Be specific.The online text discusses fiscal policy in action. Keynesian economics is a school of thought that believes fiscal policy is needed to stabilize the fluctuations in the real GDP. Classical economists such as Adam Smith believe that the economy is most efficient without government intervention. Suppose you are an advisor to a presidential candidate. Which school of thought would shape your economic plan and why? Be sure to use references to support your answer.The majority of lobbying efforts center on fiscal policy. Please discuss your opinions on lobbying regarding whether it is useful and should continue as is, it should continue but with constraints to limit how much is done, or it should be eliminated.Assignment ExpectationsUse information from the modular background readings as well as any good quality resource you can find. Make sure you cite all resources you use and provide a reference list at the end of your paper.Length: 4–5 typed and double-spaced pages.In addition to the overall quality, depth, grammar, and organization of the paper, the following will, in particular, be assessed:The level of your understanding of the key concepts of the major macroeconomic indicators.Some in-text references to modular background readings (APA formatting encouraged).Upload your assignment to the Case 2 dropbox when completed.module 3Module 3 – CaseTHE MONEY MARKETCase AssignmentSubmit a 4- to 5-page paper that addresses the following questions. Be sure to use references within the paper to support your answers.Are credit cards or debit cards money? Explain your answer.“When the Fed makes an open market purchase of government securities, the quantity of money will eventually decrease by a fraction of the initial change in the monetary base.” Is the previous statement correct or incorrect? Explain your answer.Monetary policy is action taken by the Fed to influence the level of real GDP. Suppose the Fed wants to increase the money supply. What three tools could the Fed use to achieve this goal? Be specific in your answer and discuss the implications of this policy.The problem typically during a recession is not that there is too little money, but too little spending. If the problem was too little money, what would be its cause? If the problem was too little spending, what could be its cause? (Be sure to use some concepts from the previous module as well).Assignment ExpectationsUse concepts from the modular background readings as well as any good quality resources you can find. Be sure to cite all sources within the text and provide a reference list at the end of the paper.Length: 4–5 pages double-spaced and typed.The following items will be assessed in particular:Your ability to understand an application of monetary policy.Some in-text references to the modular background material (APA formatting recommended).The essay should address each element of the assignment. Remember to support your answers with solid references including the Case readings.Upload your paper to the Case 3 dropbox when it is completed.module 4Module 4 – CaseINTERNATIONAL TRADE AND ECONOMIC GROWTHCase AssignmentSubmit a 4- to 5-page paper that addresses the following questions. Be sure to use references within the paper to support your answers. Show work for all calculations.(a) If real GDP was $13.1 trillion in 2013 and $13.3 in 2014, what is the growth rate? (b) How many years would it take for GDP (gross domestic product) to double (using your answer from part a)?What are the sources of human capital? What are sources of labor productivity? Discuss some specific examples.What is the law of diminishing returns? Give an example of what the law of diminishing returns implies.What happens when the government raises taxes and uses revenue to engage in spending?Assignment ExpectationsUse concepts from the modular background readings as well as any good quality resources you can find. Be sure to cite all sources within the text and provide a reference list at the end of the paper.Length: 4–5 pages double-spaced and typed.The following items will be assessed in particular:Your ability to understand international trade policy.Some in-text references to the modular background material (APA recommended).The essay should address each element of the assignment. Remember to support your answers with solid references including the Case readings.Upload your paper to the Case 4 dropbox when it is completed.