Econ 400 Week 1: Macroeconomic Class
Colorado State University Global Campus Macroeconomics Final Project week 8 Econ 400
The first thing we learn in our macroeconomic class is that people face trade offs. It is hard to gage which trade off is better for us as a whole, when economists and politicians are split between both positive and normative, in that they feel they know what will “fix’ the issue at hand, to the best of their judgments and understanding of the economy and its current state.
The economic recovery as of today is questionable at best, and many fear that a double dip recession …show more content…
In the article, “U.S Consumer Confidence Falls to Lowest Level Since April 2009”, we find that according to the author, “ the consumer confidence index fell to 44.5 in August from 59.0 (Daily FX, 2011)”. This means that ultimately consumers are afraid to spend their money and are keeping a tighter hold on what they earn by not spending. The lack of spending ultimately affects the economy as the loss of profits to firm’s leads to stock pricing panic. A retail sales increase would be a good push that would help get production up, thus leading to an upswing of other things such as materials and ultimately …show more content…
US Census Bureau , US Department of Urban Housing and Development. (2011). New residential sales in July 2011 (CB11-142). Washington, DC: Retrieved from http://www.census.gov/const/newressales.pdf
Jones, K. (2011, August 11). Us credit rating downgrade-what does it mean?. Retrieved from http://www.schwab.com/public/schwab/research_strategies/market_insight/todays_market/economy/debt_ceiling_and_the_us_dollar.html
Miller, J., & Wicks-Lim, J. (2011). Unemployment: a job deficit or a skills deficit? (Some political figures are claiming that the jobs people are looking for are in fact there, but people do not have the skills to fill them.), Retrieved from http://www.dollarsandsense.org/archives/2011/0111millerwickslim.html
Tyson, L. (2011). Recovering from a balance-sheet recession (The economy is showing signs in all markets, that the recovering isn't coming anytime soon.), Retrieved from http://economix.blogs.nytimes.com/2011/08/26/recovering-from-a-balance-sheet-recession/?ref=economy
Wolfers, J. (2011, June 22). Freakonomics. The feds wishful thinking (and wrong thinking) about unemployment, Retrieved from
The first thing we learn in our macroeconomic class is that people face trade offs. It is hard to gage which trade off is better for us as a whole, when economists and politicians are split between both positive and normative, in that they feel they know what will “fix’ the issue at hand, to the best of their judgments and understanding of the economy and its current state.
The economic recovery as of today is questionable at best, and many fear that a double dip recession …show more content…
In the article, “U.S Consumer Confidence Falls to Lowest Level Since April 2009”, we find that according to the author, “ the consumer confidence index fell to 44.5 in August from 59.0 (Daily FX, 2011)”. This means that ultimately consumers are afraid to spend their money and are keeping a tighter hold on what they earn by not spending. The lack of spending ultimately affects the economy as the loss of profits to firm’s leads to stock pricing panic. A retail sales increase would be a good push that would help get production up, thus leading to an upswing of other things such as materials and ultimately …show more content…
US Census Bureau , US Department of Urban Housing and Development. (2011). New residential sales in July 2011 (CB11-142). Washington, DC: Retrieved from http://www.census.gov/const/newressales.pdf
Jones, K. (2011, August 11). Us credit rating downgrade-what does it mean?. Retrieved from http://www.schwab.com/public/schwab/research_strategies/market_insight/todays_market/economy/debt_ceiling_and_the_us_dollar.html
Miller, J., & Wicks-Lim, J. (2011). Unemployment: a job deficit or a skills deficit? (Some political figures are claiming that the jobs people are looking for are in fact there, but people do not have the skills to fill them.), Retrieved from http://www.dollarsandsense.org/archives/2011/0111millerwickslim.html
Tyson, L. (2011). Recovering from a balance-sheet recession (The economy is showing signs in all markets, that the recovering isn't coming anytime soon.), Retrieved from http://economix.blogs.nytimes.com/2011/08/26/recovering-from-a-balance-sheet-recession/?ref=economy
Wolfers, J. (2011, June 22). Freakonomics. The feds wishful thinking (and wrong thinking) about unemployment, Retrieved from