ADM 614 Full Class
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ADM 614 Full Class
ADM-614 Economics for Public Administrators Entire Course
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 Week 1 Assignment Private Ownership and Markets
Details:
Read the case study on page 27 “Protecting Endangered Species
with Private Property Rights.” Write an essay 1,000-1,250 words, answering the
following questions:
1.
Economists argue that scarcity is different than poverty. To
understand why many wild animals are scarce we need to look at scarcity in the
context of private property. Explain how scarcity is affected by private
property rights in the case study.
2.
Compare and contrast how incentives accompanying private
property rights can both help protect and endanger the rhino, an endangered
species.
Be sure to cite at least three relevant scholarly sources in
support of your content. These sources can include trade journals and think
tank reports. Use only sources found at the GCU Library or those provided in
Topic Materials.
This assignment uses a rubric. Please review the rubric prior to
beginning the assignment to become familiar with the expectations for
successful completion.
Prepare this assignment according to the guidelines found in the
APA Style Guide, located in the Student Success Center.
You are required to submit this assignment to Turnitin. Refer to
the directions in the Student Success Center.
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 Week 2 Assignment Supply and Demand
Details:
Create a PowerPoint presentation of 12-15 slides (not including
the title and reference slides) discussing supply and demand in the public
sector. Include the following:
1.
Choose an economist discussed in Chapters 3-4 and explain that
philosopher’s market theory.
2.
Explain demand theory. Discuss factors that cause changes in
demand and quantity demanded.
3.
Explain supply theory. Discuss factors that cause changes in supply
and quantity supplied.
4.
How do changes in supply and demand effect market price and
quantity?
5.
Explain the implications of tax on both supply and demand.
6.
Discuss the black market and government’s response. How do the
laws create higher risks for suppliers? Explain.
Be sure to include graphs, charts and other visuals in your
presentation that will enhance your analysis. Include slide notes containing
explanations and rationale.
Be sure to cite three to five relevant scholarly sources in
support of your content. Use only scholarly sources found in the GCU Library or
those provided in Topic Materials.
This assignment uses a rubric. Please review the rubric prior to
beginning the assignment to become familiar with the expectations for
successful completion.
While APA Style format is not required for the body of this
assignment, solid academic writing is expected, and in-text citations and
references should be presented using APA documentation guidelines, which can be
found in the APA Style Guide, located in the Student Success Center.
You are required to submit this assignment to Turnitin. Refer to
the directions in the Student Success Center.
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 Week 3 Assignment Government in the Economy
Details:
Write an essay of 1,000-1,250 words regarding public goods.
Include the following:
1.
Explain what a public good is.
2.
Discuss how a public good is different than a private good.
3.
Discuss whether only government can supply a public good.
4.
What are the challenges related to public goods.
5.
How should the “free rider” problems be addressed?
Be sure to cite at least three relevant scholarly sources in
support of your content. These sources can include trade journals and think
tank reports. Use only sources found at the GCU Library or those provided in
Topic Materials.
This assignment uses a rubric. Please review the rubric prior to
beginning the assignment to become familiar with the expectations for
successful completion.
Prepare this assignment according to the guidelines found in the
APA Style Guide, located in the Student Success Center.
You are required to submit this assignment to Turnitin. Refer to
the directions in the Student Success Center.
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 Week 4 Assignment Economic Growth and Market Dynamics
Details:
Create a PowerPoint presentation of 12-15 slides (not
including the title and reference slides) discussing Economic Growth and
Market Dynamics. Include the following:
1.
What is GDP and how is it measured?
2.
Evaluate the validity of using GDP as a measure of economic
output.
3.
Explain how the consumer price index and GDP work together to
measure price index change from year to year.
4.
Assess the importance of the business cycle relating to the
labor market and economic activity.
5.
Select one formula for a key labor market indicator and give an
example. Use the formula to explain how the labor market indicator measures
labor force participation.
Be sure to include graphs, charts and other visuals in your
presentation that will enhance your analysis. Include slide notes containing
explanations and rationale.
Be sure to cite three to five relevant scholarly sources in
support of your content. Use only scholarly sources found in the GCU Library or
those provided in Topic Materials.
This assignment uses a rubric. Please review the rubric prior to
beginning the assignment to become familiar with the expectations for
successful completion.
While APA Style format is not required for the body of this
assignment, solid academic writing is expected, and in-text citations and
references should be presented using APA documentation guidelines, which can be
found in the APA Style Guide, located in the Student Success Center.
You are required to submit this assignment to Turnitin. Refer to
the directions in the Student Success Center.
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 Week 6 Assignment The Impact of Economic Policy on the
Market
Details:
Write an essay 1,000-1,250 words regarding the impact of Economic
policy on the Market. Include the following:
1.
Choose three government policies that were implemented since the
1970’s to remedy an economic crisis. Evaluate the policies’ effectiveness.
2.
Explain how the Keynesian model of economics was applied to the
economic crises of the 1970’s. Was it effective? Explain.
3.
Explain how government creates demand to correct market failure
in order to address welfare policies. Provide an example and explain your
rationale.
Be sure to cite at least three relevant scholarly sources in
support of your content. These sources can include trade journals and think
tank reports. Use only sources found at the GCU Library or those provided in
Topic Materials.
This assignment uses a rubric. Please review the rubric prior to
beginning the assignment to become familiar with the expectations for
successful completion.
Prepare this assignment according to the guidelines found in the
APA Style Guide, located in the Student Success Center.
You are required to submit this assignment to Turnitin. Refer to
the directions in the Student Success Center.
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.
ADM 614 Week 8 Assignment The Future of the Public Sector of the
Economy
Details:
Create a PowerPoint presentation of 12-15 slides (not
including the title and reference slides) discussing the future of the
Public sector of the Economy. Include the following:
1.
Explain economist Paul North’s institutional theory as a model
for economic reform.
2.
Discuss how institutions promote growth based on Douglass
North’s theory.
3.
Discuss how institutions such as the rule of law, competitive
markets, stable money and prices, and regulation are sources of economic
growth.
4.
Looking forward, which institutions or polices do you think will
promote economic growth in the future?
5.
How will economic inequality and poverty challenge economic
growth in the future?
Be sure to include graphs, charts and other visuals in your
presentation that will enhance your analysis. Include slide notes containing
explanations and rationale.
Be sure to cite three to five relevant scholarly sources in
support of your content. Use only scholarly sources found in the GCU Library or
those provided in Topic Materials.
This assignment uses a rubric. Please review the rubric prior to
beginning the assignment to become familiar with the expectations for
successful completion.
While APA Style format is not required for the body of this
assignment, solid academic writing is expected, and in-text citations and
references should be presented using APA documentation guidelines, which can be
found in the APA Style Guide, located in the Student Success Center.
You are required to submit this assignment to Turnitin. Refer to
the directions in the Student Success Center.
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