Please Respond to the following Assignment Week 9 ECO 100 Part B Ten Principle
ECO 100 Week 9
Week 9 Assignment: Using the Ten Principles to Analyze a Challenging Economic Issue
Throughout the course, you have been provided with videos and articles in This Week in Business News. Pick one of these articles/videos which deals with an economic challenge that interests you. It should be an article/video from which you learned the most, from which you got an insight that changed your mind, or with which you disagree.
Prepare a paper on this article/video in which you explain why you chose it. What made this issue important to you?
Then identify which of the Ten Principles this article relies on. Does this article/video reject any or all of the Ten Principles?
In your analysis of the article/video and the Ten Principles, be sure to rely on at least two high-quality professional or academic articles on the same issue.
This paper must include:
Your introduction, summary and understanding of the initial article/video
A short discussion of your research and conclusions you were able to draw from it.
An explanation of what you learned and how you will use this new understanding.
Write a three to Four (3-4) page paper in which you:
Write an introduction for your paper explaining what the topic is, why the topic in the article/video is important to you, and why you think others should try to understand it.
Write at least one paragraph summarizing the key points made in the article/video.
Identify and explain how Mankiw’s 10 Principles are foundational to the issues discussed in the article/video.
Find two other high-quality professional or academic quality articles on the same topic. Identify what these articles contribute to understanding the topic or issue and whether they agree, do not agree, or somewhat agree/disagree with the initial article.
Write a conclusion that explains what you learned about the topic and what conclusion you draw from your research on the topic.
Use at least two (2) quality resources in this assignment.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA formatting. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
Write a three to Four (3-4) page paper in which you: With Reference
Fiscal and Monetary Policy Learning Module
Note: Focus on the first two (2) topics of the module.
Click here if you need help with the learning module(s)
Click here for audiofiles of the learning module presentations
The Federal Reserve System, the central bank of the United States, is the regulatory authority for the domestic banking industry and the nation’s money supply. A board of governors headed by a chair runs the Fed. The chair is also the public face of monetary policy. The board oversees the 12 regional headquarters of the Fed. Monetary policy comes from the Federal Open Market Committee (FOMC), which includes the Fed chair, board of governors, and regional leaders. The Fed sets monetary policy through controlling the interest rate and the amount of money in circulation. It determines how much banks need to hold as reserves, and it sets the interest rates banks pay to borrow money. In times of crisis, the Fed can act quickly to implement emergency or stopgap measures.The federal budget includes the annual expenditures and tax revenues of the U.S. government. Each year the budget must be approved by Congress and signed into law by the president. Two types of fiscal policy guide the budget: discretionary, which is generated by deliberate Congressional action, and automatic, which is influenced by the state of the economy. The government can use a variety of fiscal policy approaches to thwart recession-related monetary challenges or to lessen inflation-related challenges. The stimulus package, known as the American Recovery and Reinvestment Act, enacted to counter the effects of the financial crisis of 2008 is an example of such government action.The Federal Reserve monitors economic conditions in each of the 12 regions and uses the information it gathers to help set monetary policy. It publishes a variety of analysis and data for banks, the government, and the public throughout the year, and the Fed chair testifies periodically before the House of Representatives’ Committee on Financial Services.
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In the United States, the Federal Reserve System sets monetary policy by influencing the interest rate and the amount of money in circulation. It determines how much banks need to hold as reserves, and it sets the interest rates banks pay to borrow money. In times of crisis, the Fed is able to act quickly and take measures to stem the tide long enough for a more practical solution to be presented. Depending on the economic situation, the Fed will take action that will either increase or decrease the amount of available money. One way it affects monetary policy is to either buy or sell government securities.
The federal budget comprises the annual expenditures and tax revenues of the U.S. government. The budget must be approved by Congress and signed into law by the president every year. There are two types of fiscal policy that guide the budget: discretionary,which is generated by deliberate Congressional action, and automatic, which is influenced by the state of the economy. The government can use different fiscal policy approaches to combat recession-related monetary challenges or to minimize inflation-related challenges.
The Federal Reserve monitors economic conditions on an ongoing basis in each of the 12 districts and uses the information it gathers to help set monetary policy. Eight times a year it publishes the Summary of Commentary on Current Economic Conditions, more commonly known as the Beige Book.Actual decisions are made by the Federal Open Market Committee(FOMC), which also provides reports on its views of the current state of the economy. The Fed provides a monetary policy report to Congress twice a year, and the Fed chair testifies before the House of Representatives’ Committee on Financial Services. The Fed may either tighten the money supply to fight inflation or ease the money supply to fight recession. Once the Fed decides to take action, it begins a chain reaction that affects various elements of the economy,including the real GDP.