Ch. 38 Assignment Due Wed. 4/21 and Thurs. 4/23

Due Tues 4/21.


1.  What is a nation's Balance of Payments?  What three accounts make up the balance of payments?


2.  Define the current account and describe the types of transactions included in it.


3.  Define the capital account and describe the types of transactions included in it.


4.  Define the official reserves account and describe the types of transactions included in it.


5.  If a nation has a deficit in the capital account, what must be true of the current account?  Explain.






Due Thurs. 4/23


1.  Consider the definitions of a flexible and fixed exchange rate systems.  Which currency valuation system do we have in the US?  How do you know?


2.  Define currency appreciation.  Define currency depreciation.


3.  Create a chart for all of the factors impacting currency value.  The chart should indicate the name of the factor, how this factor may cause appreciation, and how it may cause depreciation. 

Homework for Wed. 4/15

	Determine absolute advantage and comparative advantage for each good.  Who should specialize in which? Potatoes	Cabbage
Anna	100	200
Barry	120	150

Ch. 35 Assignment for Tues 4/14

Identify:

Free Trade
Protectionism
Tariff
Quota
Non-Tariff Barrier
Absolute Advantage
Comparative Advantage

Contrasting Budget Proposals

President Obama At City Club of Cleveland:
https://www.youtube.com/watch?v=i424Dth2_bY






Collection of videos on House Republican Budget:
http://www.newsy.com/videos/the-weapon-republicans-can-use-to-push-their-budget/


https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=republican+house+budget+video&tbm=vid
http://thehill.com/policy/finance/236592-conservative-house-republican-budget-would-cut-71t-in-spending


Great article!
http://www.nytimes.com/interactive/2015/03/17/us/politics/comparing-obama-and-republican-budgets.html?_r=0


























Two weeks ago majority Republicans in the House of Representatives unveiled their 2016 budget.  the President did the same.  It would be an understatement to say that the economic priorities of the two major parties are not aligned.  And while neither budget is likely to be adopted in its entirety, these political documents speak volumes about the economic goals and ideologies of each party.


You should watch both videos/collection of videos and:






1.  Identify 3 economic issues on which the President and House Republicans present conflicting views.  Compare and contrast each with details from the videos.


2.  Select one of the 3 issues for deeper investigation.  Find an additional source (article, video, speech) and use that source to provide some more context.  Post the link to your alternative source.


3.  Continue your analysis of that issue, and provide your views on the issue in light of the two positions presented.  To what extent do you agree with each side on this issue?  Describe your views on each budget proposal in general.










President Obama At City Club of Cleveland:
https://www.youtube.com/watch?v=i424Dth2_bY




Summary of House Republican Proposal:


http://thehill.com/policy/finance/236592-conservative-house-republican-budget-would-cut-71t-in-spending