Project #88818 - Economics - Principles of Macroeconomics

Please only people who are familiar with this subject.

 

Prepare a short paper of 600-900 words to present the following case study:

Assume that you have been invited to advise the Federal Reserve Chairman about the direction of U.S. monetary policy for the year ahead.  

1.  Prepare a summary of these key indicators for the U.S. economy:  current inflation, current unemployment, and current real GDP growth.

2.  Based on these indicators, describe the state of the U.S. economy in terms of the business cycle.

3.  Propose a monetary policy (contractionary or expansionary) that responds to current economic conditions.  Be specific about which tool of monetary policy you will use and how it works.

4. Make your case for the policy by describing its expected impact in the AS-AD model.

Grading Rubric Below

 

Criteria

Statement of the economic problem is accurate and clearly articulated using correct terminology.

Statement of problem with some economic content 

Little to no economic content in the problem statement 

Demonstrates appropriate application of economic concepts and theories to the analysis.  Evidence drawn from source material provides support for policy proposal. 

Appropriate application of  a limited number of concepts and theories in  course, with limited use of outside sources. 

 

 

 

Incorrect or limited use of economic concepts and theories or with limited/no use of outside sources.

Draws conclusions after summarizing, assessing, and synthesizing information to support a policy solution.  Evidence used to support policy solution is presented in an appropriately labeled chart/graph/data table.

An appropriate policy solution is recommended but not fully supported using chart, graph or data

No policy solution or a policy solution with little or no supporting explanation.

Two or more supplemental articles or data source(s) are presented and explained

Two or more supplemental articles or data source(s) are presented and explained

No supplemental reading  or data is presented 

Organizes and synthesizes information to effectively communicate analysis of economic problem; demonstrates appropriate word choice and sentence structure; avoids use of jargon; correct use of APA bibliographic style

Few errors or weaknesses in organization and synthesis of information. Appropriate word choice and sentence structure. Correct use of APA bibliographic style.

Weak logical organization of ideas,multiple grammatical and spelling errors, incorrect use of APA bibliographic style

Writer’s argument is distinguishable from other team members’ contributions, contributed two or more substantive comments to group discussion that respond to different perspectives, viewpoints, backgrounds and methods., held responsibility for drafting the team consensus

Contributed one or two substantive comments to group discussion

Contributed one or two comments to group discussion

Overall Score

 

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Due By (Pacific Time) 10/25/2015 09:28 am
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