ADM 614 Full Class Discussions
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ADM 614 Topic 1 DQ 1
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.
ADM 614 Topic 1 DQ 2
Explain how scarcity and poverty are
different. Give examples to support your reasoning.
ADM 614 Topic 2 DQ 1
Assess discrepancies between public
budgets and public needs. Explain the relationship between the public budget
and the demand for public goods.
ADM 614 Topic 2 DQ 2
Markets and government both allocate
scarce resources. Please explain how government
adjusts market outcomes though subsidies and whether Pareto efficiencies are
achieved. Discuss the role of subsidies in the Affordable Care Act as explained
in the assigned article “How Millionaires Get Obamacare Subsidies Intended to
Aid the Poor” by Managan.
ADM 614 Topic 3 DQ 1
Explain the difference between
government failure and market failure. Discuss the role of government in a
market economy to address market failure.
ADM 614 Topic 3 DQ 2
Economic efficiency is how economists
assess the desirability of outcomes. Discuss the two
requirements for efficiency in a market economy.
ADM 614 Topic 4 DQ 1
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?
ADM 614 Topic 4 DQ 2
Compare and contrast the three types of
unemployment. Discuss how these three types of unemployment demystify a common
myth that “unemployment would not exist if the
economy were operating efficiently.”
ADM 614 Topic 5 DQ 1
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 four
identified markets.
ADM 614 Topic 5 DQ 2
Max Points: 5.0
Read special Topic 5 (page 610)
regarding the market crisis of 2008. Explain what caused the recession. Discuss
how the economy reacted to the 2008 market crisis and
continues to react to its impacts. Explain how you might prevent this type of
problem from reoccurring. Support your response with research.
ADM 614 Topic 6 DQ 1
Explain what a budget deficit is.
Describe how under the Keynesian model budget
deficits increase aggregate demand.
ADM 614 Topic 6 DQ 2
Evaluate whether or not fiscal stimulus
will increase or decrease economic recovery. Explain
ADM 614 Topic 7 DQ 1
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.
ADM 614 Topic 7 DQ 2
As a monetarist, Milton Freidman
suggested that the government should only release the
amount of money into the economy that matches the GDP production. Discuss how
the entire demand curve for money will adjust to the equilibrium point. Would
you agree with Milton Freidman’s opinion on the ability of monetary policy to
address economic problems? Explain your rationale.
ADM 614 Topic 8 DQ 1
Discuss what institutions and government
policies promote economic growth. Explain how these institutions incentivize
economic activity.
ADM 614 Topic 8 DQ 2
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 it work? Explain.
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