ECO2306 Assignment 1

ECO2306

Assignment 1 (97 points = 10%)

INSTRUCTIONS

This assignment must be completed within Mindtap. Assignments need to be submitted on or before the due date specified by the instructor. Consult the course calendar for assignment due dates.

SCORING CRITERIA

This assignment will be marked using the scoring criteria indicated in the chart below and is worth 10% of your final grade.

Question

Topic

Operations and points

Total Points

Key terms and concepts for chapter 8

Key terms for chapter 8 – Fill in the blanks (5)

The investment and saving market: The investment curve

Plot 3 real interest rates and quantity of investment (1)

Analyze graph and fill in two blanks (2)

The investment and saving market: Savings and investment

Calculate missing figures using data from a table (9)

The investment and saving market: Government policy

Plot investment and saving data (3)

Fill in the blanks using the points on graph (8)

The aggregate demand curve

Using a graph fill in the blanks (6)

Shifts in aggregate demand curve

Analyze a graph to calculate aggregate demand determinants (4)

Key terms and concepts Chapter 9

Key terms for chapter 9 – Fill in the blanks (5)

Why is the short-run aggregate supply curve positively sloped?

Explain why short-run aggregate supply curve is positively sloped – Fill in the blanks (3)

The slope and position of the long-run aggregate supply curve

Plot long-run aggregate supply curve (1)

Fill in five blanks to identify the impact of each event/shock on long-run aggregate supply curve (5)

Shifts in aggregate supply curve

Fill in three blanks to explain the changes required on the determinants on aggregate when it shifts (3)

Long-run adjustment in the AD/AS model

Use a graph to show how the economy reaches long -run equilibrium (2)

Inflation in the AD/AS model: demand-pull or cost-push/

Use a graph to show demand-pull and cost-push inflation (2)

The economy’s correction for inflationary and recessionary gaps

Use a graph to show how to correct for inflationary and recessionary gaps in the economy (1) and answer MC question related to graph (2)

Factors that influence how quickly an economy self-corrects

Fill in two blanks to explain how economy self-corrects (2)

The Keynesian aggregate expenditure model

Using a table of data plot real aggregate expenditures and real GDP (3)

Fill in three blanks using the graph to determine the aggregate expenditures components (3)

Changes in autonomous investment

Plot changes in autonomous investment given the consumption function (4)

Using a graph fill in seven blanks (7)

Unplanned changes in inventory

Using information from a table calculate missing components of Real GDP (12)

Fill in four blanks based on aggregate expenditure model (4)

Total Assignment 1 Marks

/97

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Type of paper needed:

Pages:

Academic level:

Total price:

$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.