Week 5 – Discussion Forum 1
Required Resources
Text
Gwartney, J. A., Stroup, R. L., Sobel, R. L., & Macpherson, D. A. (2018). Macroeconomics: Private and public choice (16th ed.). Retrieved from https://www.cengage.com
• Chapter 14: Modern Macroeconomics and Monetary Policy
• Chapter 15: Macroeconomic Policy, Economic Stability, and the Federal Debt
• Chapter 16: Creating an Environment for Growth and Prosperity
• Chapter 17: Institutions, Policies, and Cross-Country Differences in Income and Growth
Recommended Resources
Text
Tamny, J. (2015). Popular economics: What the Rolling Stones, Downton Abbey, and LeBron James can teach you about economics. Retrieved from https://www.redshelf.com
• In these chapters, Tamny provides his perspective on stabilizing the economy and using savings rates as a potential forecasting indicator. He discusses economic growth and regulations that tie to Chapter 16 of Macroeconomics: Private and Public Choice. These chapters provide further insight and may assist you with your Applying Monetary Concepts (MindTap) assignment this week.
o Chapter 8: Savers Are an Economy’s Most Valuable Benefactors
o Chapter 11: Appalachian State Almost Never Beats Michigan, and Government Regulation Almost Never Works
Articles
Atkinson, A. B. (2016, January). How to spread the wealth: Practical policies for reducing inequality. Foreign Affairs, 95, 29–33. Retrieved from https://www.foreignaffairs.com/
• The full-text version of this article is available through the EBSCOhost database in the Ashford University Library. This article discusses economic inequality and provides a contrasting view to the course textbook. The article also discusses statistics as a growing problem and provides a global view. The author proposes policies that the government may impose to remedy the issues. This article may assist you with your Global Perspective on Income and Growth (Reflection) discussion forum this week.
Bloom, D. E. (2016, March). Demographic upheaval: The world will struggle with population growth, aging, migration, and urbanization. Finance & Development, 53, 6–11. Retrieved from https://www.imf.org
• The full-text version of this article is available through the EBSCOhost database in the Ashford University Library. This article discusses world population and the change in demographics. Although it does not go into economic policies, the article does provide an understanding of the changes in the global population. This will give a better perspective and may assist you with your Global Perspective on Income and Growth (Reflection) discussion forum this week.
Kitchings, A. (2018, August 22). A closer look at the conference board leading economic index (Links to an external site.) [Blog post]. Retrieved from https://blog.commonwealth.com/independent-market-observer/a-closer-look-at-the-conference-board-leading-economic-index
• This article discusses leading economic indicators and ways economists forecast the economy. The article briefly discusses the lags in these measurements as well. The article may assist you with you Forecasting the Economy to Make Decisions (Role-Play) discussion forum this week.
Accessibility Statement does not exist.
Privacy Policy (Links to an external site.)
Wallison, P. J., & Nabil, R. (2018, Summer). Why expert economic forecasts are often wrong: Analysts ignore the regulatory issue. The International Economy, 50–51. Retrieved from http://www.international-economy.com/
• The full-text version of this article is available through the EBSCOhost database in the Ashford University Library. This article gives a critical review of economic forecasts. The article discusses the models and indicators used and if they are accurate. The article contrasts your textbook and thus provides another perspective to evaluate. The article may assist you with your Forecasting the Economy to Make Decisions discussion this week.
Multimedia
Charles Schwab. (2018, June 15). What is the leading economic index (LEI)? (Links to an external site.) [Video file]. Retrieved from https://youtu.be/1yfBUQEZYB4
• This video by Liz Ann Sonders, senior vice-president and chief investment strategist at Charles Schwab, explains the leading economic index (LEI). She clearly explains why she uses these particular indicators. This is an excellent, short video to explain the real-world use of the LEI and may assist you with your Forecasting the Economy to Make Decisions discussion forum this week. This video has closed captioning and a transcript.
Accessibility Statement (Links to an external site.)
Privacy Policy (Links to an external site.)
MRUniversity (n.d.). Basic facts of wealth (Links to an external site.) [Video file]. Retrieved from https://www.mruniversity.com/courses/principles-economics-macroeconomics/gdp-per-capita-purchasing-power-parity-example
• This video by Marginal Revolution University discusses the basic facts of wealth and makes comparisons between Central African Republic, Mexico, and the United States. The video shows purchasing power and provides a better basis to assist you with your Global Perspective on Income and Growth (Reflection) discussion forum this week. This video has closed captioning and a transcript.
Accessibility Statement (Links to an external site.)
Privacy Policy (Links to an external site.)
INSTRUCTION
Prior to beginning work on this discussion,
• Read Chapter 15 of Macroeconomics: Private and Public Choice.
What helps economists forecast the economy? Imagine you are presenting the index of the leading indicators concept to a small group of newly hired analysts. In a minimum of 200 words,
• Discuss the index of the leading indicators.
• Is the Phillips curve a helpful predictor? Why or why not?
• As a business person, how could you use this predictive macroeconomic information to help make business decisions? (Give specific examples.)
Again, your initial response should be a minimum of 200 words. Graduate school students learn to assess the perspectives of several scholars. Support your response with at least two scholarly and/or credible resources in addition to the text.
Week 5 – Discussion Forum 2
Required Resources
Text
Gwartney, J. A., Stroup, R. L., Sobel, R. L., & Macpherson, D. A. (2018). Macroeconomics: Private and public choice (16th ed.). Retrieved from https://www.cengage.com
- Chapter 14: Modern Macroeconomics and Monetary Policy
- Chapter 15: Macroeconomic Policy, Economic Stability, and the Federal Debt
- Chapter 16: Creating an Environment for Growth and Prosperity
- Chapter 17: Institutions, Policies, and Cross-Country Differences in Income and Growth
Recommended Resources
Text
Tamny, J. (2015). Popular economics: What the Rolling Stones, Downton Abbey, and LeBron James can teach you about economics. Retrieved from https://www.redshelf.com
- In these chapters, Tamny provides his perspective on stabilizing the economy and using savings rates as a potential forecasting indicator. He discusses economic growth and regulations that tie to Chapter 16 of Macroeconomics: Private and Public Choice. These chapters provide further insight and may assist you with your Applying Monetary Concepts (MindTap) assignment this week.
- Chapter 8: Savers Are an Economy’s Most Valuable Benefactors
- Chapter 11: Appalachian State Almost Never Beats Michigan, and Government Regulation Almost Never Works
Articles
Atkinson, A. B. (2016, January). How to spread the wealth: Practical policies for reducing inequality. Foreign Affairs, 95, 29–33. Retrieved from https://www.foreignaffairs.com/
- The full-text version of this article is available through the EBSCOhost database in the Ashford University Library. This article discusses economic inequality and provides a contrasting view to the course textbook. The article also discusses statistics as a growing problem and provides a global view. The author proposes policies that the government may impose to remedy the issues. This article may assist you with your Global Perspective on Income and Growth (Reflection) discussion forum this week.
Bloom, D. E. (2016, March). Demographic upheaval: The world will struggle with population growth, aging, migration, and urbanization. Finance & Development, 53, 6–11. Retrieved from https://www.imf.org
- The full-text version of this article is available through the EBSCOhost database in the Ashford University Library. This article discusses world population and the change in demographics. Although it does not go into economic policies, the article does provide an understanding of the changes in the global population. This will give a better perspective and may assist you with your Global Perspective on Income and Growth (Reflection) discussion forum this week.
Kitchings, A. (2018, August 22). A closer look at the conference board leading economic index (Links to an external site.) [Blog post]. Retrieved from https://blog.commonwealth.com/independent-market-observer/a-closer-look-at-the-conference-board-leading-economic-index
- This article discusses leading economic indicators and ways economists forecast the economy. The article briefly discusses the lags in these measurements as well. The article may assist you with you Forecasting the Economy to Make Decisions (Role-Play) discussion forum this week.
Accessibility Statement does not exist.
Privacy Policy(Links to an external site.)
Wallison, P. J., & Nabil, R. (2018, Summer). Why expert economic forecasts are often wrong: Analysts ignore the regulatory issue. The International Economy, 50–51. Retrieved from http://www.international-economy.com/
- The full-text version of this article is available through the EBSCOhost database in the Ashford University Library. This article gives a critical review of economic forecasts. The article discusses the models and indicators used and if they are accurate. The article contrasts your textbook and thus provides another perspective to evaluate. The article may assist you with your Forecasting the Economy to Make Decisions discussion this week.
Multimedia
Charles Schwab. (2018, June 15). What is the leading economic index (LEI)? (Links to an external site.) [Video file]. Retrieved from https://youtu.be/1yfBUQEZYB4
- This video by Liz Ann Sonders, senior vice-president and chief investment strategist at Charles Schwab, explains the leading economic index (LEI). She clearly explains why she uses these particular indicators. This is an excellent, short video to explain the real-world use of the LEI and may assist you with your Forecasting the Economy to Make Decisions discussion forum this week. This video has closed captioning and a transcript.
Accessibility Statement(Links to an external site.)
Privacy Policy (Links to an external site.)
MRUniversity (n.d.). Basic facts of wealth (Links to an external site.) [Video file]. Retrieved from https://www.mruniversity.com/courses/principles-economics-macroeconomics/gdp-per-capita-purchasing-power-parity-example
- This video by Marginal Revolution University discusses the basic facts of wealth and makes comparisons between Central African Republic, Mexico, and the United States. The video shows purchasing power and provides a better basis to assist you with your Global Perspective on Income and Growth (Reflection) discussion forum this week. This video has closed captioning and a transcript.
Accessibility Statement(Links to an external site.)
Privacy Policy (Links to an external site.)
INSTRUCTION
| Prior to beginning work on this discussion, Read Chapter 17 of Macroeconomics: Private and Public Choice. From the tables presented in Chapter 17, what did you find most striking or unusual in the given income levels and growth rates of the different countries? Are rich countries getting richer while the poor are getting poorer? Has the United States become more or less economically free and how might this impact the future growth of the US? How does political decision-making impact the economy? Your initial response should be a minimum of 200 words. Graduate school students learn to assess the perspectives of several scholars. Support your response with at least two scholarly and/or credible resources in addition to the text. |