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ADM 614

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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 mu.....
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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   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   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 expl.....
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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   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   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   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   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 in.....
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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 typ.....
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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   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   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:   Economists argue that scarcity is di.....
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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 philosopher’s market theory.   Explain demand.....
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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.   Discuss how a public good is different tha.....
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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 e.....
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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:   Explain economist Paul North’s institutional theory as a model for economic refor.....
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