Posted: June 4th, 2015

questions

Q1:

Identify the three macroeconomic goals, the three measurements (or indicators) of those goals, and three problems to achieving those goals.

Why are these three goals so important in economics?

Q2:

How is GDP calculated?

Explain what is excluded the in GDP calculation and why.

How frequently is GDP reported (monthly, quarterly, annually)?

After what time period of declining GDP is it officially a recession?

Q3:

Explain how the unemployment rate is calcuated

In your opinion, is it a good economic measurement?  Why?

What are so obvious flaws in the unemployment rate calculation?

Q4:

Explain two theories of inflation

Q5:

Compare and contrast the key aspects of Classical and Keynesian Economic Philosophies

Q6:

Discuss the potential success and potential problems of fiscal policy. Make sure to include lags, crowding out and national debt in your analysis.

Q7:

Explain the Laffer Curve and the imapact on taxation and government revenue

Q8:

Explain the structure and functions of the Federal Reserve.

Q9：

Create a bank deposit scenario.

Chose the dollar amount for deposit.  Chose the required reserve ratio.

Now show how money is created through fractional banking.

Carry out through 4 deposits.

Q10:

Explain the arguments for protectionism.

Explain the benfits of international trade