ADM/614 Economics for Public Administrators Entire Course
ADM/614 Economics for Public Administrators Entire Course
ADM 614 Topic 1 Competing Perspectives on the Proper Role of Government
Adam Smith, a very influential eighteenth-century political economist, wrote, “By pursuing his own interest, he frequently promotes that of the society more effectually than when he really intends to promote it” (cited in Stiglitz & Rosengard, 2015, p. 62). Considering the quotation, in 1,250-1,500 words, address the following questions.
Describe what Smith meant by the “invisible hand.” How exactly does it function?
Describe how Smith’s work is a reaction to mercantilism, which dominated the seventeenth and eighteenth centuries. As a point of departure, define mercantilism.
Discuss if all 19th-century thinkers agree with Smith. How did, for instance, Karl Marx view the doctrine of laissez-faire? What were the inevitable consequences of such an economic system?
Discuss the influences of Smith and his critics, like Marx, reflected in the mixed economy of the United States today.
Use three to five scholarly resources to support your explanations.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for Helpance.
ADM 614 Topic 2 Assignment Government in the Economy
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 than a private good.
Discuss whether only government can supply a public good.
Describe the challenges related to public goods. Include how the “free rider” problems should be addressed.
Use three to five scholarly resources to support your explanations.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for Helpance.
ADM 614 Topic 3 Assignment The Impact of Economic Policy on the Market
Starting in 2008, the United States experienced the greatest economic calamity since the Great Depression. To combat rising unemployment, negative economic growth, and deflation, among other problems, the U.S. government employed instruments/policies from both the fiscal and monetary toolkits. Write an essay 1,250-1500 words regarding the impact of economic policy on the market. Address the following:
Describe the major problems of the “Great Recession.” What required immediate government action, from the perspective of many public officials?
Monetary policy: Describe how the Federal Reserve respond to the crisis. Be sure to discuss interest rates and open market operations.
Fiscal policy: Describe Congress’s response to the crisis. Be sure to discuss the American Recovery and Reinvestment Act of 2009.
Explain the goals of the fiscal and monetary policies employed. Address “stimulating aggregate demand” and the role of “increasing the money supply” in your response.
Evaluate the success in the policies.
Use two to three scholarly resources to support your explanations.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for Helpance.
ADM 614 Topic 5 Assignment Economic Growth and Alternative Metrics
Create a PowerPoint presentation of 12-15 slides (title and reference slides are not including in this count) discussing Economic Growth and Market Dynamics. Include the following:
Explain what GDP is and how is it measured.
Evaluate the validity of using GDP as a measure of economic output.
Assess the validity of using GDP as a measure of social progress. Which elements (e.g., education levels, carbon dioxide emissions, gender/racial inequality) does GDP not consider?
Identify and describe two alternative (multidimensional) metrics that take into consideration more than the exchange value of economic output. Do those metrics capture social progress/well-being? Explain.
Explain if public officials focus exclusively—or even principally—on economic growth as a measure of economic policy success. Which other factors are also salient? Why?
Be sure to include graphs, charts and other visuals in your presentation that will enhance your analysis. Include speaker notes below each content-related slide that represent what would be said if giving the presentation in person. Expand upon the information included in the slide and do not simply restate it. Please ensure the speaker notes include 50-75 words per slide.
While APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, including an APA formatted reference slide, which can be found in the APA Style Guide, located in the Student Success Center.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
ADM 614 Topic 6 Assignment Is the U.S. Healthcare System Sick?
In 750-1,000 words, do the following:
Compare how much the United States and Europe spend on healthcare every year. Does the U.S. spend comparatively more or less than other developed countries?
Explain what metrics are used to measure health. Where does the United States fall, according to those metrics?
Describe the rationale for the role of government in health care. To what extent is poverty a salient factor, in terms of government intervention? Explain.
Describe how health care might be reformed to address high costs and limited coverage.
Discuss the prospective advantages and disadvantages of a single-payer system, like that of Canada.
Use two to three scholarly resources to support your explanations.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for Helpance.
ADM 614 Topic 8 Assignment Benchmark – The Economics of Federalism
Since ratification of the U.S. Constitution, relations among state governments and the national government have grown to be much more interdependent. Whereas states once enjoyed greater autonomy (dual federalism), the additional demands placed on government (at all levels) has fostered an evolution of federalism, whereby the federal government now plays a much more pronounced role in local and state affairs, with respect to a whole host of issues (including healthcare, education, public safety, transportation, etc.).
Describe block grants, categorical grants, and unfunded mandates. How do they demonstrate fiscal federalism?
Explain which funding mechanism states prefer. Why? Which funding mechanism does the federal government prefer? Why?
Describe how both state and federal governments participate in the provision of medical care to low-income residents.
In Arizona, low-income residents receive healthcare coverage through the Arizona Health Care Cost Containment System (AHCCCS). How is AHCCCS funded (e.g., categorical grants)? What are the eligibility requirements, and who sets them? How do the basic conditions set by the federal government constrain AHCCCS?
Assess the effectiveness of federal aid to state and local communities, particularly as it relates to healthcare coverage.
Use two to three scholarly resources to support your explanations.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
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Entire Course ADM/614 Economics for Public Administrators
Entire Course ADM/614 Economics for Public Administrators
ADM 614 Topic 1: Competing Viewpoints on Government’s Appropriate Role
“By pursuing his own interest, he frequently promotes that of the society more effectively than when he truly tries to promote it,” observed Adam Smith, a very renowned eighteenth-century political economist (cited in Stiglitz & Rosengard, 2015, p. 62). In 1,250-1,500 words, respond to the following questions based on the quotation.
Explain what Smith meant when he said the “invisible hand.” What does it do and how does it work?
Describe how Smith’s work is a reaction to mercantilism, which dominated the seventeenth and eighteenth centuries. As a point of departure, define mercantilism.
Discuss if all 19th-century thinkers agree with Smith. How did, for instance, Karl Marx view
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
