Categories
Economics

1.Watch the following video: Provide a minimum of 3 take-away learning points f

1.Watch the following video: Provide a minimum of 3 take-away learning points from the video.
1.
2.
3.
2.Read this article https://www.goodfinancialcents.com/financial-plann… and note at least two or three important take aways for each step.
1. Define your goals
2. Set up a Budget
3. Cut Expenses
4. Create and Emergency Fund
5. Get out of Debt
6. Save for Retirement
7. Save for your goals
a. PLEASE be sure to explain the Rule of 72. Watch video: 8. Have adequate insurance
9. Set up a Will (Estate Planning)
Additional notes and comments to consider:
( Documentation submitted via docs, thank you ! )

Categories
Economics

Inflation and Cost of Living In this discussion you will expand on your understa

Inflation and Cost of Living
In this discussion you will expand on your understanding of inflation and its impact on cost of living by comparing the cost of living in two states. In your initial post, ou will reflect on how these two key economic indicators affect your own life by responding to the following:
Explain the concepts of inflation and how cost of living is measured
Describe how inflation affects your life. Detail an example.
Think about the cost of living in your state and another state of your choice. Explain the differences between your state and the state you choose in terms of cost of living. Detail at least two differences. Remember to name the state that you live in. Refer to figure 3 in Chapter 11 for more information about differences in cost of living between states.
Reflect on whether you think the cost of living will affect your decision to move to another state? Explain why or why not. Then detail at least two examples that support your decision.
Respond to two of your peers who selected a different state than you did.
How does the cost of living in your peers’ state compare to the state you have selected?
Do you think that the cost of living will affect your decision to move to the state that your peer’s have selected? Why or why not?
Half Page only
To successfully complete this assignment, view the Discussion Rubric document.

Categories
Economics

Unemployment In this discussion you will expand on your understanding of unemplo

Unemployment In this discussion you will expand on your understanding of unemployment statistics and its impact on a country’s economy by reading and analyzing a news article. To complete this discussion, first, find one news article that discusses the current unemployment rate in the developing country you selected for your final project.
Consider looking at the following sources listed below. You can access these sources from the Texas Wesleyan Library. If you need support accessing these sources refer to this How to Access Journals through the Library document.
Wall Street Journal
The Washington Post
The New York Times
The Chicago Tribune
USA Today
The Economist
In your initial post, first, post your article. Next, summarize the article for your peers and then, address the following questions:
What did you learn about unemployment in the country you selected? What is the unemployment rate of this country? What does this rate mean to you?
How do you think the unemployment rate influences economic performance? How do you think this applies to your country?
Suggest one economic policy from the textbook that may decrease the unemployment rate. Then select one from an outside resource.
Respond to two of your peers who selected a different country than you did and who selected a different economic policy than you did from an outside resource.
How does the unemployment rate in your peers’ country compare to the country you have selected?
Do you think that the economic policy that your peer suggested would work in your country? Why or why not?
To successfully complete this assignment, view the Discussion Rubric document.

Categories
Economics

The Assignment must be submitted on Blackboard (WORD format only) via allocated

The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
Submissions without this cover page will NOT be accepted.

Categories
Economics

Year Price of Pizza Quantity of Pizza Price of Burger Quantity

Year
Price of Pizza
Quantity of Pizza
Price of Burger
Quantity of Burger
Price of coffee
Quantity of Coffee

2019
$ 8
350
$ 10
200
$ 8
150

2020
$ 10
500
$ 12
250
$ 10
250

2021
$ 13
700
$ 14
400
$ 15
400

Suppose people consume 3 different goods. The following table shows the prices and quantities of each good consumed in 2019, 2020, and 2021.
Suppose GDP equals $09 trillion, consumption equals $3 trillion, the government spends $2.5 trillion and has a budget deficit of $450 billion.
What is the Catch-Up Effect. Explain it by giving some Examples. (2 Marks)
Calculate nominal GDP in each of the three years. (2 Marks)
Calculate Real GDP in each of the three years, using 2019 as the base year. (2 Marks)
Calculate the rate of inflation for 2020 and 2021 using the GDP deflator as your price index. Assume that 2019 is still the base year.(2 Marks)
Using the quantities from 2019 for your market basket, and 2019 as your base year, calculate the CPI for 2019, 2020 and 2021. (2 Marks)
Using the CPI calculate the rate of inflation. (2 Mark)

Try to find public saving, taxes, private saving, national saving, and investment.
(3 Marks)

Categories
Economics

Unemployment In this discussion you will expand on your understanding of unemplo

Unemployment In this discussion you will expand on your understanding of unemployment statistics and its impact on a country’s economy by reading and analyzing a news article. To complete this discussion, first, find one news article that discusses the current unemployment rate in the developing country you selected for your final project.
Consider looking at the following sources listed below. You can access these sources from the Texas Wesleyan Library. If you need support accessing these sources refer to this How to Access Journals through the Library document.
Wall Street Journal
The Washington Post
The New York Times
The Chicago Tribune
USA Today
The Economist
In your initial post, first, post your article. Next, summarize the article for your peers and then, address the following questions:
What did you learn about unemployment in the country you selected? What is the unemployment rate of this country? What does this rate mean to you?
How do you think the unemployment rate influences economic performance? How do you think this applies to your country?
Suggest one economic policy from the textbook that may decrease the unemployment rate. Then select one from an outside resource.
Respond to two of your peers who selected a different country than you did and who selected a different economic policy than you did from an outside resource.
How does the unemployment rate in your peers’ country compare to the country you have selected?
Do you think that the economic policy that your peer suggested would work in your country? Why or why not?
To successfully complete this assignment, view the Discussion Rubric document.

Categories
Economics

Inflation and Cost of Living In this discussion you will expand on your understa

Inflation and Cost of Living
In this discussion you will expand on your understanding of inflation and its impact on cost of living by comparing the cost of living in two states. In your initial post, ou will reflect on how these two key economic indicators affect your own life by responding to the following:
Explain the concepts of inflation and how cost of living is measured
Describe how inflation affects your life. Detail an example.
Think about the cost of living in your state and another state of your choice. Explain the differences between your state and the state you choose in terms of cost of living. Detail at least two differences. Remember to name the state that you live in. Refer to figure 3 in Chapter 11 for more information about differences in cost of living between states.
Reflect on whether you think the cost of living will affect your decision to move to another state? Explain why or why not. Then detail at least two examples that support your decision.
Respond to two of your peers who selected a different state than you did.
How does the cost of living in your peers’ state compare to the state you have selected?
Do you think that the cost of living will affect your decision to move to the state that your peer’s have selected? Why or why not?
Half Page only
To successfully complete this assignment, view the Discussion Rubric document.

Categories
Economics

Year Price of Pizza Quantity of Pizza Price of Burger Quantity

Year
Price of Pizza
Quantity of Pizza
Price of Burger
Quantity of Burger
Price of coffee
Quantity of Coffee

2019
$ 8
350
$ 10
200
$ 8
150

2020
$ 10
500
$ 12
250
$ 10
250

2021
$ 13
700
$ 14
400
$ 15
400

Suppose people consume 3 different goods. The following table shows the prices and quantities of each good consumed in 2019, 2020, and 2021.
Suppose GDP equals $09 trillion, consumption equals $3 trillion, the government spends $2.5 trillion and has a budget deficit of $450 billion.
What is the Catch-Up Effect. Explain it by giving some Examples. (2 Marks)
Calculate nominal GDP in each of the three years. (2 Marks)
Calculate Real GDP in each of the three years, using 2019 as the base year. (2 Marks)
Calculate the rate of inflation for 2020 and 2021 using the GDP deflator as your price index. Assume that 2019 is still the base year.(2 Marks)
Using the quantities from 2019 for your market basket, and 2019 as your base year, calculate the CPI for 2019, 2020 and 2021. (2 Marks)
Using the CPI calculate the rate of inflation. (2 Mark)

Try to find public saving, taxes, private saving, national saving, and investment.
(3 Marks)

Categories
Economics

a. Calculate nominal GDP in each of the three years. (2 Marks) b. Calculate Real

a. Calculate nominal GDP in each of the three years. (2 Marks)
b. Calculate Real GDP in each of the three years, using 2019 as the base year. (2 Marks)
c. Calculate the rate of inflation for 2020 and 2021 using the GDP deflator as your price index. Assume that 2019 is still the base year. (2 Marks)
d. Using the quantities from 2019 for your market basket, and 2019 as your base year, calculate the CPI for 2019, 2020 and 2021. (2 Marks)
e. Using the CPI calculate the rate of inflation. (2 Mark)
2. Suppose GDP equals $09 trillion, consumption equals $3 trillion, the government spends $2.5 trillion and has a budget deficit of $450 billion.
Try to find public saving, taxes, private saving, national saving, and investment.
(3 Marks)
3. What is the Catch-Up Effect. Explain it by giving some Examples. (2 Marks)

Categories
Economics

Choose one of the following videos and answer the questions below 4.6 The Relati

Choose one of the following videos and answer the questions below
4.6 The Relationship Between Average Total Cost and Marginal Cost – YouTube
Episode 21: Accounting Costs vs. Economic Costs – YouTube
What is the video talking about (summarize it using your own words not less than 100 words). (1 mark)
Choose an economic term you have learned new in the video and what does it mean. (0.5 mark)
Create a question about the video and answer it. (0.5 mark)