Eco 372 (Principles of Macroeconomics)Entire Course/ Week 1 – 5

ECO 372 (Principles of Macroeconomics)Entire Course/ Week 1 – 5

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ECO 372 (Principles of Macroeconomics)Entire Course/ Week 1 – 5 / All Assignments and DQs

Week 2

IndividuaFundamentals of Macroeconomics Paper

Resource: Figure 3-1 in Ch. 3 of Macroeconomics.

Part 1

Describe the following terms in your word.

Gross domestic product (GDP)

Real GDP

Nominal GDP

Unemployment rate

Inflation rate

Interest rate

Part 2

Consider the following examples of economic activities:

Purchasing of groceries

Massive layoff of employees

Decrease in taxes

Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.

Write a 700- to 1,500-word paper summarizing the results.

Learning Team Weekly Reflection - Economic Forecasting Paper

Develop a list of resources you might use to gather historical economic data as well as economic forecast data.

Explain how and why each source is valuable and useful.

Identify any quantitative or qualitative forecasting factors contained in the sources.

Discuss this week’s objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.

Write a 350- to 1,050-word paper that details your team's findings.

Week 3

Learning Team Aggregate Demand and Supply Models

For this assignment, you will choose from the following options:

Option 1: Economic Advisement Paper

Option 2: Economic Critique

Read the instructions in the University of Phoenix Material: Aggregate Demand and Supply Models located on the student website and select one...