Macroeconomics

Discrimination occurs when people are offered or denied opportunities based on race, ethnicity, gender, age, religion, sexual orientation, or other personal characteristics. Discrimination in the workplace reflects broader prejudices in society. Measuring discrimination is often difficult and can occur for statistical reasons. To correct for discrimination in the macroeconomy, policymakers...

For this discussion, play your second run of the Macroeconomics Simulation: Econland (from Harvard Business Publishing), in which you act as a the chief economic policy advisor for the fictional country of Econland. Select either the Rollercoaster or Stagnation scenario option. You may play the simulation as many times as...

Fiscal policies are used by the government to stabilize the economy. During the 2020 emergency caused by the coronavirus pandemic, the U.S. government approved stimulus spending. According to the U.S. Department of Treasury, the federal government spent 91% more than it collected in revenue, creating a $3.1 trillion deficit. The...

Recently, there have been comparisons between today’s economy and the 2008–2009 Great Recession (GR). Some argue that the COVID-19 pandemic recession is materially different from the GR, while others argue there are many parallels. As you learned in your reading, policymakers in both eras were confronted with a sudden decrease...

For this discussion, research two current or historical examples from the United States where the Federal Reserve changed the federal funds rates. The first example should be one in which the Fed raised the rates, and the second example should be one where the rates were lowered. In your initial...

An economist plays two roles: scientist and policy advisor. As scientists, economists explain the world, and as policy advisors they help improve the world. Because these two roles have different goals, they require different types of language. Economists as scientists make positive claims, whereas economists as policy advisors make normative...