ECO 372 Week 1 to 5 Summarys
ECO 372 Week 1 to 5 Summarys
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Date Created: 11/06/15
Georgia Hill Weekly Summary Week 1 ECO372 The first week in this course went by quickly I think the reason for this is the subject matter which I find very interesting The macroeconomics course is necessary for rounding out my education but now that I am working on the nuts and bolts of my degree Along the road of hardknocks I learned quickly that to be successful as an economist you have to build a strong base which this class Principle of Macroeconomics teaches us From this week s discussion I learnt about some basic facts which an economist should know For the discussions I chose to answer about the following 3 discussion Questions 6 There are three types of unemployment 7 The number one trading partners with the US are Russia Germany and France 10 The law of demand states that demand increases as the price goes down The 6th and the 10th questions discuss about the types of unemployment and the Law of demand which I think are very essential for me and everyone else in the class to know about I misread the statement for Law of Demand Discussion thanks to Professor Ron who told me about my mistake I went back and corrected it I also read other people s discussion responses learnt from them and responded to them There were no major assignments this week just a certificate of understandability and a weekly summary So I didn t find this week tough for me I am sure that this week s study will serve as a good basic knowledge to our class Week 2 for ECO 372 class was a good one The week went quite smoothly I understood the GDP topic very quickly as it interests me a lot I did a good amount of research on internet while answering this week DQs I have already I learned a lot of things from this week Although I did a great deal of research in answering the DQs but still I attempted the DQ 2 With Numerical Data Here it is 2 The marginal propensity to consume is 08 and autonomous expenditures have just increased by 122 Equilibrium income will drop by 488 I tried to find a solution to it and ended up doing it wrong I tried to attempt the DQ because nobody else did it till then I understood the formula that relates the MPC Expenditures and Equilibrium Income Multiplier 11 MPC or 11 08 5 Equilibrium Income 5122 610 I did complete my Individual assignment in time and I am going to submit it today and I think that I did a good job in researching for the terms in Week 2 assignment My learning team assignment for this week was submitted well in time and I liked the coordination among the team members Weekly Summary Week 3 ECO372 This week did not get off to a good start I feel like I haven t learnt anything do to a tragedy my family had to deal with But what I did learn is that people try to judge you base on your action which is not always good Life is full of surprises let down sickness and losing love one which is nothing we can control I felt like one team member should have been a little more consider to me he posted something up that should have been discuss between him and I but instead everyone seen what he put up after I had explain that there was a situation in which I did not wanted to go into detail about And I apologize if I did not handle it right and I am sorry I let the team down But in the mist of everything I try to read and understand the text in chapter 14 monetary policy But I didn t understand most of it I did understand how the monetary policy is the policy that in uencesthe economy by the changing that the banks system reserves in which it will affect the money supply I also learn that being greedy will get you know where in life because some people are doing for wrong reason One reason that I know are is when a person hold high power it tend to go to their head and it cause them to do bizarre thing like risking a company Such as the Enron mess it cause the company to file for bankruptcy all because of greed I participate in the main form on four different days team form two days I did not do the team assignments do to a tragedy in the family but did answer the three DQ s and did two responses on four different days Weekly Summary Week 4 ECO372 In week four the team pull back together so glad they allow me back on the team I was afraid Eleanor didn t wanted me back because of the back and forth we had in the first week but I was wrong she welcome me back I do have her in my prayers because I had no idea she was in a bad accident So I am hoping she will recover soon I want think Lisa for having confident in me in a previous class And Jim thank you too for understanding being he is the only guy hope he forgive me for some of my words did not mean it Now that this is all over this week learning have been like a challenge to me bouncing back form week three was not easy on our true and false question they seen a little tricky to me seen like they all could have been a true statement In chapter 17 I learned the difference between individual and Government Debt the chapter stated how deficit spending can lead a person to the poorhouse I learned that all debts are not the same in which it did not take any research to tell me that Government Debt will always be continuing never have to pay back and never have to settle an account unlike an individual a debt can never be ongoing and we have to pay back and we must settle an account of there is trouble to follower There another interesting topic that caught my eyes pay as you go cannot go wrong there I love that idea I now used it with my phone to cut out a contract I pay once a month to talk unlimited text and internet for 4500 per month so if I do not that month I will not be talking Also going into we five should be good I have been chosen to be the lead and I will not let the team down I have posted all four days out of seven for Dq s and responses I posted to Team A forum at least 13 time or more What I have learned this week will help me to understand how not to go into debt because it is easy to get but harder to fix it Hopefully by the end of this class I will understand Structural deficit Actual deficit Passive deficit Weekly Summary Week 5 ECO372 In week five the last week I was chosen to be the lead I accepted it because the team felt like I was not doing my part when it came to taking the lead which I have no problem but week five really was not a good week to take the lead reason being I was at a conference in Texas from Sunday to Monday And I had little to no time on the internet But I never gave up I hope the team have trust in me that I will do the very best to make this a good research paper I stay up late working on the Team assignment Fiscal Policy in which I found some good research that I will take with me throughout my career and I hope it pays offer The Dq s was pretty simple and much easy this week then week four confuse me a lot in week four but week five I felt more open and confident with these set of questions Chapter 21 has given me a better understanding of the international element of the economic goals But there is no way we will understand the conclusion about our economic policy What I dislike about this week is I do not think I will pass the end of the five week exam because to be honesty I did not have the time to study of prepare for it because of other obligations but I will do my very best This week I responded to three require question along with the one no one answer in week four I will try my best to answer it but I do not understand it I also make several responses to the class post And in team A forum there was several message on the team assignment and other responses
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