This class consisted of a secondary course to Economics 217. I took it as an honors course with Professor Adrienne Sudbury. I learned about macroeconomics and the governmental and national levels of action that take place to manipulate the state of an economy.
For this artifact, I have chosen my entry for a discussion post based on a Christmas tree podcast we listened to as an assignment.
The podcast was about an auction at a Christmas tree farm, and the economic process of buying and selling of trees. We learned about the supply and demand behind the scenes and how they influence the actions of buyers and sellers.
Just like the Christmas trees, our economy as a whole, work with supply and demand, just on a bigger scale (aggregate supply and demand). Based on the state of our economy, what is being produced, what is wanted, and what is needed, it is up to the governmental and national officials to implement fiscal policy, monetary policy, or no policy. Every economic crisis looks different, and decisions are made based on the situation at the time.
It was a great time to take this class because of the global COVID-19 pandemic and the presidential election, policies were changing, as well as the state of our economy. It made for interesting discussions on what should be done or focused on.