Project #18824 - economic project

You are the economic advisor to a fictional country. Your assignment is to submit a report of how you want your economy to function. Your report should include the following sections:

  • Economic System

What kind of economic system will you implement (markets, a planned economy or some combination of the two)?

  • Measurements

How, if at all, should we change our measures of inflation, unemployment, and income?

What else, if anything, should we measure?

  •  Taxes

What taxes would you use to fund your government?

Is your decision based on concerns for economic growth or inequality?

  • Growth Policy

How, if at all, will you encourage economic growth?

Will concerns over inequality affect your decisions?

  • Fiscal Policy

Will you use fiscal policy? If so, what specific policy tools will you use to conduct fiscal policy? How can you overcome some of the flaws of fiscal policy?

  • Money System and Monetary Policy
  • Will you use fiat or commodity money? Who will control the money supply? Will you use active monetary policy? If so:
    • How will you determine when to use monetary policy? (Targets)
    • How much discretion and independence will your policymakers have?

 

Each section should be about 1-2 paragraphs. Your answers to each question should include the reasons for your positions. Ideally, you should also indicate what the potential trade-offs are and why your choice is still desirable. You may work in groups of up to 3 people.

 

Level I (Points)

Level II (Points)

Level III (Points)

Total

Content

Answers some or all of the questions (0-5)

Answers all questions and offers reasons for your positions. (6-10)

Answers all questions. Offers well-reasoned arguments for your positions. Include acknowledgement of tradeoffs. (11-15)

90

Writing

Minimum Points (0-2)

Writing includes significant grammatical or spelling errors. (3-6)

Writing includes no or few grammatical or spelling errors. (7-10)

10

Subject Business
Due By (Pacific Time) 12/07/2013 12:00 am
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