Unit Four Dis cus s ion Que stions : Post your initial responses to the discussion forum by Wednesday 11:59 p.m. and respond to the discussion of others by Saturday 11:59 p.m. • Dis cus

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Unit Four

Dis cus s ion Que stions : Post your initial responses to the  discussion  forum  by  Wednesday  11:59 p.m. and  respond  to the  discussion  of others by  Saturday  11:59  p.m. • Dis cus s ion Que stion 1 (20 points)

o Prompt:  Read “YOU’RE THE ECONOMIST: Pulling Back the  Curtain on Income and Wealth  Distribution” in  Chapter 12. After reading the above case, answer the following  two questions:  (1) What  would  happen  to the  Lorenz  curve if  it  also  included  wealth distribution? (2) Do you  think income  and wealth are fairly  or unfairly distributed?  Should we be concerned with  this  issue? If you think  we should  be concerned with  growing  income  and wealth  inequality, what remedies  would  you  recommend?   o Requirements:  250  words  minimum initial post,  100  words  minimum reply

• Dis cus s ion Que stion 2 (20 points)  o Prompt:  Read the assigned  Scriptures  and use them,  or  other relevant  Scriptures, to discuss  what the Bible  says about  the rich  and the poor?  What are the differences between the roles  of the government  in  helping  the poor  in  the Bible and the market  economy? o Requirements:  250  words  minimum initial post,  100  words  minimum reply

Unit Five • Dis cus s ion Que stion 1 (20 points)

o Prompt:  Read “YOU’RE THE ECONOMIST: What Kind of  Une mployme nt Do Robots  and Artificial  Inte llige nce Caus e?” in Chapter 16.  After reading  the case, discuss  the following questions:  (1) What  type of unemployment does technological development  cause? Explain.  (2) What solution  would  you  propose for any  worker threatened by  new technologies?  (3) Can you  think  of any public policies  that  might  help  offset this  unemployment?   o Requirements:  250  words  minimum initial post,  100  words  minimum reply

• Dis cus s ion Que stion 2 (20 points)  o Prompt:  Read “YOU’RE THE ECONOMIST: Why the  High Cos t of He alth Care ?” in  Chapter 17.  After reading  the case, discuss  the following  questions:  (1) Which  of the causes of healthcare  inflation  discussed  here could  be considered demand-pull causes? Which  are elements  of cost-push  inflation? (2) Can you think  of any other  causes for the rising  costs of health  care?

20 o Requirements:  250  words  minimum initial post,  100  words  minimum reply

Unit Six

Discussion Que stion 1 (20 points)

o Prompt:  Read “YOU’RE THE ECONOMIST: Was  John Maynard  Keyne s  Right?” in  Chapter 20.  Was Keynes correct? Based on  data in  the sidebar,  use the aggregate demand  and  aggregate supply  model  to explain  Keynes’s theory  that increases in  aggregate demand  propel  an economy  toward  full  employment.   o Requirements:  250  words  minimum initial post,  100  words  minimum reply

• Dis cus s ion Que stion 2 (20 points)

o Prompt:  Read “YOU’RE THE ECONOMIST: The  Laffe r Curve ” in  Chapter 21.  After reading  the case, compare the common  perception  of how  a tax rate cut affects tax revenues with  economist  Laffer’s theory. o Requirements:  250  words  minimum initial post,  100  words  minimum reply ix

Unit Seven

• Dis cus s ion Que stion 1 (20 points)

o Prompt:  Read “YOU’RE THE ECONOMIST: Should the  Fe d Be  Inde pe nde nt?” in Chapter 24.  What is  the most  important  function  of the Fed? Make an argument  why  an independent  Fed would  do  a better job  at performing its  number  one  role.  Make an argument  why  a Fed under  the control  of  Congress and the president  would  do  a better job  at performing  its  most  important  function.   o Requirements:  250  words  minimum initial post,  100  words  minimum reply

• Dis cus s ion Que stion 2 (20 points) o Prompt:  Read “YOU’RE THE ECONOMIST: Did the  Fe d Caus e  the  Gre at Re ce ssion?” in Chapter 26. In support of the Fed’s monetary policy  prior to the deflation  of the home  prices  bubble,  one  can argue that  the reality  is  that increasing  the money  supply  and low-interest  rates were required  to  sustain expansion.  Based on the  Monetarist’s school of thought,  criticize  the Fed’s policy. o Requirements:  250  words  minimum initial post,  100  words  minimum reply

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