Question ADM 614 Economics for Public Administrators Week 1 Discussion DQ1 The economic way of thinking requires administrators to incorporate eight principles. One of the principles relates to “tradeoffs” and another principle relates to “opportunity costs” for scarce resources. Describe how public administrators must make trade-offs by assessing opportunity costs relating to scarce resources. DQ2…
Question ADM 614 Economics for Public Administrators Week 1 Discussion DQ1 The economic way of thinking requires administrators to incorporate eight principles. One of the principles relates to “tradeoffs” and another principle relates to “opportunity costs” for scarce resources. Describe how public administrators must make trade-offs by assessing opportunity costs relating to scarce resources. DQ2…
Question ADM 614 Economics for Public Administrators Week 2 Discussion DQ1 Assess discrepancies between public budgets and public needs. Explain the relationship between the public budget and the demand for public goods. DQ2 Markets and government both allocate scarce resources. Please explain how government adjusts market outcomes though subsidies and whether Pareto efficiencies are achieved….
Question ADM 614 Economics for Public Administrators Week 3 Discussion DQ1 Explain the difference between government failure and market failure. Discuss the role of government in a market economy to address market failure. DQ2 Economic efficiency is how economists assess the desirability of outcomes. Discuss the two requirements for efficiency in a market economy.
Question ADM 614 Economics for Public Administrators Week 4 Discussion DQ1 Monopolies are good for producers but not consumers. Differentiate between the positive and negative impacts of monopolies on the economy. Discuss why or why not monopolies are bad for the economy? DQ2 Compare and contrast the three types of unemployment. Discuss how these three…
Question ADM 614 Economics for Public Administrators Week 5 Discussion DQ1 Discuss the circular flow of money and income through the four basic markets of (a) goods and services, (b) resource markets, (c) loanable fund, and (d) foreign exchange. Identify a key factor related to the flow of money and income in two of the…
Question ADM 614 Economics for Public Administrators Week 6 Discussion DQ1 Explain what a budget deficit is. Describe how under the Keynesian model budget deficits increase aggregate demand. DQ2 Evaluate whether or not fiscal stimulus will increase or decrease economic recovery. Explain
Question ADM 614 Economics for Public Administrators Week 7 Discussion DQ1 Choose an instance from the past 100 years of U.S. history where a change in the supply of money effected the economy. Explain how it was affected, including how U.S. monetary policy and the banking system were affected. DQ2 As a monetarist, Milton Freidman…
Question ADM 614 Economics for Public Administrators Week 8 Discussion DQ1 Discuss what institutions and government policies promote economic growth. Explain how these institutions incentivize economic activity. DQ2 Income transfers were developed as a part of Lyndon B. Johnson’s war on poverty. Define income transfers. How should traditional income transfers eliminate incidence of poverty? Does…
Question ADM 614 Economics for Public Administrators Week 1 Discussion DQ1 The economic way of thinking requires administrators to incorporate eight principles. One of the principles relates to “tradeoffs” and another principle relates to “opportunity costs” for scarce resources. Describe how public administrators must make trade-offs by assessing opportunity costs relating to scarce resources. DQ2…
