Please Answer each of the 3 questions with at least 250 words, 2 in text citations and 2 references with page numbers. Economics for Business Decisions DBA-815-O500 1. Academic engagement through acti

Please Answer each of the 3 questions with at least 250 words, 2 in text citations and 2 references with page numbers.

Economics for Business Decisions DBA-815-O500

1. Academic engagement through active participation in instructional activities related to the course objectives is paramount to your success in this course and future courses.  Through interaction with your instructor and classmates, you will explore the course material and be provided with the best opportunity for objective and competency mastery.  To begin this class, review the course objectives for each Topic, and then answer the following questions as this will help guide your instructor for course instruction. 

Economics for Business Decisions DBA-815-O500

Which weekly objectives do you have prior knowledge of and to what extent?

Which weekly objectives do you have no prior knowledge of?

What course-related topics would you like to discuss with your instructor and classmates?  What questions or concerns do you have about this course?

2.What is the role of models in economic analysis? How can it be determined if the assumptions underlying the design of an economic model are overly simplified or overly limiting? At what point do the assumptions invalidate the model? Why?

3.The high rates of unemployment and business bankruptcies during the Great Depression of the 1930s caused a dramatic increase in government intervention in the economy of the United States. What was the original intent of this government intervention? What were the most significant microeconomic and macroeconomic effects of this government intervention? Why?