Week 9 Assignment
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.
Notes on this week’s materials
Take a look at the items in the news. Sometimes we forget that fiscal policy is about the infrastructure behind each component of C + I + G + (X – M). We live in a global economy, so managing the economy is more than just taxes. It is why the following issues are addresses:
- Who makes fiscal policy?
- If consumer confidence is low, what fiscal policy measure has a more direct impact on the economy? Is it an increase in government spending or an equal decrease in taxes?
- Are decisions like trade agreements part of fiscal policy?
The US economy is an open economy to the world. Sometime fiscal policy must respond to external pressures. The link below shows interesting basics on fiscal policy from the IMF with global perspectives twist.
Also, the following link looks at the Pacific Trade Agreement currently under debate.
In order to make the discussions interesting, and engaging, I would recommend adding the websites below to further the understanding of this week’s materials:
IF YOU DON’T ANY OF THE VIDEOS FINE ONE AND US IT OKAY.