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For more course tutorials visit uophelp.com is now newtonhelp.com www.newtonhelp.com ADM 614 Topic 1 Discussion 1 Tradeoffs 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. – PowerPoint PPT presentation

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Title: ADM 614 help Making Decisions/newtonhelp.com


1
ADM 614 help Making Decisions/newtonhelp.com
2
ADM 614 Topic 1 Discussion 1 Tradeoffs
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  • ADM 614 Topic 1 Discussion 1 Tradeoffs
  •  
  • The economic way of thinking requires
    administrators to incorporate eight principles.
    One of the principles relates to tradeoffs

3
ADM 614 Topic 1 Discussion 2 Scarcity And
Poverty
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  • ADM 614 Topic 1 Discussion 2 Scarcity And Poverty
  •  
  • Explain how scarcity and poverty are different.
    Give examples to support your reasoning.

4
ADM 614 Topic 2 Discussion 1 Public Budgets And
Public Needs
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  • ADM 614 Topic 2 Discussion 1 Public Budgets And
    Public Needs
  •  
  • Assess discrepancies between public budgets and
    public needs. Explain the relationship between
    the public budget and the demand for public goods.

5
ADM 614 Topic 2 Discussion 2 Scarce Resources
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  • ADM 614 Topic 2 Discussion 2 Scarce Resources
  •  
  • Markets and government both allocate scarce
    resources. Please explain how government adjusts
    market outcomes though subsidies and whether
    Pareto efficiencies are achieved

6
ADM 614 Topic 3 Discussion 1 Government Failure
And Market Failure
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  • ADM 614 Topic 3 Discussion 1 Government Failure
    And Market Failure
  •  
  • Explain the difference between government failure
    and market failure. Discuss the role of
    government in a market economy to address market
    failure.

7
ADM 614 Topic 3 Discussion 2 Economic Efficiency
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  • ADM 614 Topic 3 Discussion 2 Economic Efficiency
  •  
  • Economic efficiency is how economists assess the
    desirability of outcomes. Discuss the two
    requirements for efficiency in a market economy.

8
ADM 614 Topic 4 Discussion 1 Impacts Of
Monopolies On The Economy
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  • ADM 614 Topic 4 Discussion 1 Impacts Of
    Monopolies On The Economy
  •  
  • Monopolies are good for producers but not
    consumers. Differentiate between the positive and
    negative impacts of monopolies on the economy.

9
ADM 614 Topic 4 Discussion 2 Three Types Of
Unemployment
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  • ADM 614 Topic 4 Discussion 2 Three Types Of
    Unemployment
  •  
  • Compare and contrast the three types of
    unemployment. Discuss how these three

10
ADM 614 Topic 5 Discussion 1 Flow Of Money And
Income
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  • ADM 614 Topic 5 Discussion 1 Flow Of Money And
    Income
  •  
  • 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

11
ADM 614 Topic 5 Discussion 2 Market Crisis
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  • ADM 614 Topic 5 Discussion 2 Market Crisis
  •  
  • Read special Topic 5 (page 610) regarding the
    market crisis of 2008. Explain what caused the
    recession. Discuss how the economy reacted

12
ADM 614 Topic 6 Discussion 1 Keynesian Model
Budget Deficits
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  • ADM 614 Topic 6 Discussion 1 Keynesian Model
    Budget Deficits
  •  
  • Explain what a budget deficit is. Describe how
    under the Keynesian model budget deficits
    increase aggregate demand.

13
ADM 614 Topic 6 Discussion 2 Economic Recovery
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  • ADM 614 Topic 6 Discussion 2 Economic Recovery
  •  
  • Evaluate whether or not fiscal stimulus will
    increase or decrease economic recovery. Explain

14
ADM 614 Week 1 Private Ownership and Markets
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  • ADM 614 Week 1 Private Ownership and Markets
  •  
  • Details
  •  
  • Read the case study on page 27 Protecting
    Endangered Species with Private Property Rights.
    Write an essay 1,000-

15
ADM 614 Week 2 Supply and Demand
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  • ADM 614 Week 2 Supply and Demand
  •  
  • Details
  •  
  • Create a Paper discussing supply and demand in
    the public sector. Include the following

16
ADM 614 Week 3 Public Goods and Collective Action
in the public Sector
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  • Public Goods and Collective Action in the public
    Sector 
  • Details
  •  
  • Write an essay of 1,000-1,250 words regarding
    public goods. 

17
ADM 614 Week 4 Economic Growth and Market
Dynamics
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  • ADM 614 Week 4 Economic Growth and Market
    Dynamics
  •  
  • Details
  •  
  • Create a Essay on discussing Economic Growth and
    Market Dynamics. Include the following

18
ADM 614 Week 8 The Future of the Public Sector of
the Economy
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  • ADM 614 Week 8 The Future of the Public Sector of
    the Economy
  •  
  • Details
  •  
  • Create a Essay on discussing the future of the
    Public sector of the Economy. Include the
    following

19
ADM 614 help Making Decisions/newtonhelp.com
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