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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 philosophers

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 governments 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 1970s 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 1970s. 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 Freidmans 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. Johnsons 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 Norths institutional theory as a model for economic
reform.
2. Discuss how institutions promote growth based on Douglass Norths 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.