Part I:
Consider a scenario where someone is using errors in argument. For example, the argument may focus on errors that customers or colleagues make in your field of study. It could be how the public perceives your field, how a newcomer to your field may make errors, or addressing a controversial topic in your field. If you would like to write about your life at home instead of at work, this may be the sort of argument that teenagers give to their parents during a disagreement. It could be a disagreement you have had with friends or family members. You get to choose the situation.
The Assignment should be 1–2 pages and should be composed in first person as the person making the errors. You should be deliberately employing at least four logical fallacies in the argument. The person making the argument likely does not know they are making mistakes. You will be correcting these errors in Part II. However, in Part I, have fun showing how errors in argument make their way into daily life. Some may be exaggerated, but some may be subtle.
In the sections of the paper where you are using a logical fallacy, you should highlight the error in bold. This will demonstrate that the fallacies are deliberately used in your composition.
While the paper will have errors in argument, aim not to have errors in spelling or grammar. The work should still be composed to demonstrate college-level writing, clarity, and organization.
Part II:
The content for Part II should be at least 2 pages, and it will require a reference page, which is not included in the page requirement.
In Part II, you will analyze the purposely flawed argument that you created in Part I. You will take on the role of a leader in your profession or of someone offering guidance to help a friend or family member understand their errors.
In the scenario for Part II, you have been asked to address the errors with the person voicing the argument in Part I. You should not be harsh with the person who made the mistakes, but you will use leadership, knowledge, and compassion to help make corrections. Offer diplomatic guidance that encourages without chastising the subject. Use your critical thinking and analytical skills to evaluate the Part I arguments, explain how they should be corrected, and offer guidance for improved argumentation in the future.
1. Analyze the argument from Part I. Identify and label the logical fallacies used in the argument. Be specific, using and citing sources to support your definitions of each fallacy.
2. Using clear argumentation, explain the implications of those fallacies in the workplace or daily life and why the fallacies would be problematic. What could be a consequence of this reasoning? Why do you believe the person making the argument used these tactics?
3. Offer guidance: How could the person constructing this argument avoid making those mistakes in argumentation? What would have strengthened each of the claims?

Instructions

Warm up Assignment 1.1: Northcentral University Literacy Tutorial
Throughout this course you will supplement your learning with materials outside the assigned text. Some of this material will be resources that you have located through searching the internet and the Northcentral University library. Of course, not everything you find on the internet can be relied upon as a scholarly source. View Northcentral University Literacy Tutorial to increase your information literacy and learn how to distinguish scholarly from non-scholarly sources.
Warm up Assignment 1.2: Choosing a Topic
Now that you’ve explored the text and resources on learning, in this assignment, you will choose a controversial topic in learning that you want to know more about. The list is seemingly endless. Be sure to choose a topic that you are really interested in, as you will be working on this topic weekly throughout the course, culminating in your Signature Assignment (see Week 8).
First, consider: What do you want to know?
Think about a topic that you want to know more about. The topic should be something that is researchable in a reasonable amount of time. The subject should not be too board, or you will be overwhelmed. It should not be too narrow, or you will have nothing to write about. The following website may be helpful in your search for a topic:
Northcentral University Library: Research Process
You will need to find college-level resources about this topic, so do not pick something obscure. While it is important that you choose the topic that is meaningful to you, here are some examples just to whet your appetite!
• The ethical use of behavioral conditioning (punishment) to control bed wetting in children
• The ability of learning theory to explain all facets of human psychological functioning
• Whether males and females learn differently? (Does one gender excel the other on learning certain skills such as reasoning, mathematics, or social skills)
• Do learning abilities actually decrease with age
Assignment
Based upon your initial research, briefly describe what your topic is and why you have chosen it. Justify why you think it is a worthy research topic based upon your initial research findings. Your instructor will give you feedback on whether the topic is research worthy so you can begin your paper on firm ground.
Then, prepare a list of references for the three library resources that you’ve reviewed while choosing your topic. Your references should be properly cited according to APA form and style. Submit this in a separate document.
Length: 150-200 words, 3 references

Econ 360
Spring 2020
Third Midterm
Name___________________________________
 
 

1. If the forward rate is greater than the spot rate, what are markets signaling about their expectations for the future spot rates for the home currency?

2. The nominal interest rate in the U.S. is 6% and the nominal interest rate in Canada is 3%. The spot value of the U.S. dollar is 1.1 ($/Canadian dollar) and the forward rate is 1.3 ($/Canadian dollar). Calculate the forward discount or premium for the dollar. Does the interest parity condition hold? If not explain what is likely to occur in foreign exchange markets. Assume that interest rates cannot change.

3. Exchange rates are exceedingly difficult to predict. Explain the factors that determine the exchange rate over the long run, medium run, and short run.

4. According to the following equation (1/R)(1+i*)F = F/R (1+i*). Explain what is the interest parity condition, and how can we derive the interest parity condition from the previous equation.

5. If the dollar/pound exchange rate is $2/£, a Big Mac costs $5 in New York City and costs £4 in London. From the point of view of an American consumer estimate and explain whether the pound is undervalued or overvalued and indicate in what city U.S. consumers are better off.

6. Explain the three rules that countries must follow to maintain a gold standard.

7. Why might a group of countries wish to have a common currency? Explain four reasons.

8. Consider the case of a sudden increase in demand for foreign exchange in a country with a fixed exchange rate system. Indicate what are the conditions for the monetary authority to sustain the fixed exchange rate and explain the mechanism to maintain the exchange rate fixed using a graph.

9. Use a J-curve to illustrate the effect on the current account of an exchange rate depreciation. Explain why the curve has the shape that it does. What condition must be fulfilled to have a positive effect of the depreciation of the currency on the current account?

10. How does a weak financial sector intensify the problems created by volatile capital flows?

11. Explain how exchange rate policies affected economies during the Great Depression.

12. Explain the pros and cons of a crawling peg.

13. Describe the policies that a nation would follow to correct a current account deficit. What are the primary purposes of each type of policy?

14. Explain why in an economy with fixed exchange rates, monetary policy will not cause expenditure switching.

15. How did the vulnerabilities in Asian economies lead to the Asian financial crisis of 1997-1998?

16. Explain the meaning of IMF conditionality and why it has been criticized.