Business Economics II 3 Credit Equivalent

Evaluate economic, political, regulatory, legal, technological, and social contexts to address organizational challenges in a global society.

Projects

Number Title Description Credit Equivalent
BEII 100 Government Budget Process

The goal of this project is to expose students to the budget process and what it takes to balance the budget in a dynamic world. Students will research the main sources of federal government revenues and the main categories of federal government outlays and differentiate between the federal government budget deficit and the national debt. Students will also identify the various options available to the federal government to balance its budget and explain why it seems so difficult for the federal government to balance its budget. In addition, students will research whether spending cuts or taxes are the best way to balance the federal budget and make specific recommendations for addressing the current budget problems. Finally, students will complete a budget puzzle and explain the inherent trade-offs in balancing the budget. They will also rationalize their budget, along with identifying the potential winners and losers of their decisions.

Required text: Saylor Academy. Principles of Macroeconomics. (2012). Retrieved from: https://saylordotorg.github.io/text_principles-of-macroeconomics-v2.0/index.html.

Co-Requisites:

  • BEI 100: Microeconomic Market Analysis I

    BEI 100: Microeconomic Market Analysis I

    In this project, students will analyze the market that they work in or in or worked in at some point in your life. (What is the product/service? What are the product characteristics? Who are the consumers? Who are the competitors?). They will also identify any changes in prices and the reasons/factors behind the change. They will then use supply and demand model to explain a recent price and/or output change in the market place. Finally, they will come up with a hypothetical economic change that can impact the future price and output/production in the market and explain their reasoning with the supply/demand model. The goal of this project is to make students aware of the importance of analyzing both consumption and production sides of any market. And make them identify the factors behind changes in consumption or production sides of the market that ultimately would lead to changes in the equilibrium prices and production levels.

    Required text: McEachern, W. A. Microeconomics: A contemporary introduction. 9th Edition (2012). Mason, OH: South-Western Cengage Learning. ISBN: 978-0538453714.

1
BEII 105 Business Cycle Analysis

The goal of this project is to encourage students to explore the differences and similarities in the causes of the two most recent U.S. recessions. Students will also evaluate the effectiveness of the monetary and fiscal policies (demand-side and supply-side) that were designed to combat the two recessions.  In addition, students will recommend and explain specific fiscal and monetary policies that they would have personally preferred to see implemented. Finally, students will explain why the Great Depression was relatively worse than the Great Recession of 2007 – 2009.

Required text: Saylor Academy. Principles of Macroeconomics. (2012). Retrieved from: https://saylordotorg.github.io/text_principles-of-macroeconomics-v2.0/index.html.

Prerequisites:

  • BEII 100: Government Budget Process

    BEII 100: Government Budget Process

    The goal of this project is to expose students to the budget process and what it takes to balance the budget in a dynamic world. Students will research the main sources of federal government revenues and the main categories of federal government outlays and differentiate between the federal government budget deficit and the national debt. Students will also identify the various options available to the federal government to balance its budget and explain why it seems so difficult for the federal government to balance its budget. In addition, students will research whether spending cuts or taxes are the best way to balance the federal budget and make specific recommendations for addressing the current budget problems. Finally, students will complete a budget puzzle and explain the inherent trade-offs in balancing the budget. They will also rationalize their budget, along with identifying the potential winners and losers of their decisions.

    Required text: Saylor Academy. Principles of Macroeconomics. (2012). Retrieved from: https://saylordotorg.github.io/text_principles-of-macroeconomics-v2.0/index.html.

2
Number
BEII 100
Title
Government Budget Process
Description

The goal of this project is to expose students to the budget process and what it takes to balance the budget in a dynamic world. Students will research the main sources of federal government revenues and the main categories of federal government outlays and differentiate between the federal government budget deficit and the national debt. Students will also identify the various options available to the federal government to balance its budget and explain why it seems so difficult for the federal government to balance its budget. In addition, students will research whether spending cuts or taxes are the best way to balance the federal budget and make specific recommendations for addressing the current budget problems. Finally, students will complete a budget puzzle and explain the inherent trade-offs in balancing the budget. They will also rationalize their budget, along with identifying the potential winners and losers of their decisions.

Required text: Saylor Academy. Principles of Macroeconomics. (2012). Retrieved from: https://saylordotorg.github.io/text_principles-of-macroeconomics-v2.0/index.html.

Co-Requisites:

  • : Microeconomic Market Analysis I

    : Microeconomic Market Analysis I

    In this project, students will analyze the market that they work in or in or worked in at some point in your life. (What is the product/service? What are the product characteristics? Who are the consumers? Who are the competitors?). They will also identify any changes in prices and the reasons/factors behind the change. They will then use supply and demand model to explain a recent price and/or output change in the market place. Finally, they will come up with a hypothetical economic change that can impact the future price and output/production in the market and explain their reasoning with the supply/demand model. The goal of this project is to make students aware of the importance of analyzing both consumption and production sides of any market. And make them identify the factors behind changes in consumption or production sides of the market that ultimately would lead to changes in the equilibrium prices and production levels.

    Required text: McEachern, W. A. Microeconomics: A contemporary introduction. 9th Edition (2012). Mason, OH: South-Western Cengage Learning. ISBN: 978-0538453714.

Credit Equivalent
1
Number
BEII 105
Title
Business Cycle Analysis
Description

The goal of this project is to encourage students to explore the differences and similarities in the causes of the two most recent U.S. recessions. Students will also evaluate the effectiveness of the monetary and fiscal policies (demand-side and supply-side) that were designed to combat the two recessions.  In addition, students will recommend and explain specific fiscal and monetary policies that they would have personally preferred to see implemented. Finally, students will explain why the Great Depression was relatively worse than the Great Recession of 2007 – 2009.

Required text: Saylor Academy. Principles of Macroeconomics. (2012). Retrieved from: https://saylordotorg.github.io/text_principles-of-macroeconomics-v2.0/index.html.

Prerequisites:

  • BEII 100: Government Budget Process

    BEII 100: Government Budget Process

    The goal of this project is to expose students to the budget process and what it takes to balance the budget in a dynamic world. Students will research the main sources of federal government revenues and the main categories of federal government outlays and differentiate between the federal government budget deficit and the national debt. Students will also identify the various options available to the federal government to balance its budget and explain why it seems so difficult for the federal government to balance its budget. In addition, students will research whether spending cuts or taxes are the best way to balance the federal budget and make specific recommendations for addressing the current budget problems. Finally, students will complete a budget puzzle and explain the inherent trade-offs in balancing the budget. They will also rationalize their budget, along with identifying the potential winners and losers of their decisions.

    Required text: Saylor Academy. Principles of Macroeconomics. (2012). Retrieved from: https://saylordotorg.github.io/text_principles-of-macroeconomics-v2.0/index.html.

Credit Equivalent
2