For more course tutorials visit 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
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.
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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.
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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.
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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. 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.
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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.
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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.
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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. Discuss why or why not monopolies are bad for the economy?
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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 types of unemployment demystify a common myth that unemployment would not exist if the economy were operating efficiently.
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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 to the flow of money and income in two of the four identified markets.
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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 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.
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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.
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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
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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 1,000-1,250 words, answering the following questions
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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
Choose an economist discussed in Chapters 3-4 and explain that philosophers market theory.
Explain demand theory. Discuss factors that cause changes in demand and quantity demanded.
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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.
Include the following
Explain what a public good is.
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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
What is GDP and how is it measured?
Evaluate the validity of using GDP as a measure of economic output.
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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
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