Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
Macroeconomics Project Assignment for ECO 202
Competencies
You will demonstrate mastery of the following competencies in this project:
Make decisions based on macroeconomic and business cycle fundamentals.
Using macroeconomic models, determine the economic impact of historical and present events.
Analyze the impact of changes in macroeconomic policies on the economy.
Scenario
You’ve just finished a seven-year stint as Econland’s senior economic policy advisor, in charge of the country’s economic management. You will be required to write a report for the new government. You will describe your macroeconomic policy decisions and the economic outcomes for Econland in this final report. The goal of this report is to convey the lessons you’ve learned during your term and encourage you to make smart macroeconomic decisions in the future.
Directions
To begin, gather the supplies you’ll need to finish this project:
Select either the Rollercoaster or Stagnation scenarios in Harvard Business Review’s Macroeconomics Simulation: Econland. You may find the final reports under the Dashboard and Reports tabs at the top of the webpage once you’ve finished the final year of your seven-year tenure. These charts, graphs, and other visualizations will be used to display your report in the template’s designated places (for example, Table 1.1). If you have any questions regarding how to use these tools, contact your instructor.
Review the Project Template under the What to Submit section and utilize it.
The report’s cover page, Table of Contents, and Introduction sections are included and should be used in all submissions unless otherwise specified in the template. You should read the brief Introduction section, which gives you an overview of the deliverable’s purpose and structure, and then fill in the high-level descriptions as needed.
The template includes placeholders for your data visualizations (e.g., charts, graphs, tables, etc.). These placeholders are intended to give you a basic idea of where the required visualizations should go. In each case, you should replace the placeholders with the relevant, indicated photos. It is recommended that you use a snipping tool or other image-editing software to copy and paste your data visualizations into the template to create an isolated image from the simulation data. For more information, see the corresponding tutorials in the Supporting Materials section.
Any source material utilized in your report must be properly referenced with citations. A References page has been included to the project template to assist you, and the reference for the course reading has already been provided. Any further references you include should be cited in APA format.
After you’ve gathered all of the necessary materials, you can begin drafting your economic summary report by following the steps below:
The Introduction is the initial portion of your report, and it is here that you will personalize the provided content with information specific to your term (i.e., your simulation results) as the nation of Econland’s senior economic policy advisor. To contextualize this part, follow the template’s instructions, which include pasting Table 3 from your simulation report into the designated place (i.e., Table 1.1). Then, in two to three sentences, indicate which underlying scenario you chose, as well as your overall performance and approval rating.
Taxing Policies: Discuss Econland’s taxation policies for the public and your successor in the Fiscal Policies: Taxation portion of your report. Add an image of Table 1 from your simulation results to the relevant area of the template in this section (i.e., Table 2.1). Then, in the paragraphs below the table, respond to the following questions:
Explain why you made the tax policy decisions you did during your seven-year administration. What macroeconomic ideas or models did you use to make your decisions?
Determine how your modifications to the income and corporation tax rates will affect your bottom line. What impact did your tax-policy decisions have on consumption and investment? Explain these dynamics using macroeconomic ideas from the readings in the course.
Compare and contrast the effects of your tax policy decisions with those of current or historical US instances. What do these cases show about macroeconomic models’ reliability? Make careful to properly cite your research. (For more information, see the Supporting Materials section.)
Government Spending: Discuss Econland’s government spending plans for the public and your successor in the Fiscal Policies: Government Expenditure portion of your report. To the designated area of the template, add a picture of the “Real GDP Growth” and “Unemployment Rate” graphs from your simulation results, as well as an aggregate demand and aggregate supply (AD/AS) model (i.e., Figures 3.1 and 3.2). The AD/AS model is depicted in the course readings and on any trustworthy web source. Then, in the paragraphs below the figures, respond to the following questions:
Explain how you made decisions about government spending and how they evolved as macroeconomic conditions changed. In light of the current economic context, what was the goal of your fiscal policy decisions?
Examine the impact of your fiscal policy actions on important macroeconomic indicators like real GDP growth and unemployment. In what ways did your policies have a beneficial or bad impact?
To support your analysis in this portion of your report, refer to the AD/AS model.
Economic Policies: Discuss Econland’s monetary policies for the public and your successor in the Monetary Policies part of your report. Add a picture of the Inflation Rate graph from your simulation results to the indicated area of the template in this section (i.e., Figure 4.1). Then, in the paragraphs below the figure, respond to the following questions:
Explain how you modified interest rate levels and how these adjustments affected other macroeconomic elements including inflation, consumption, investments, GDP, and international trade. Give particular instances to help demonstrate your point.
Compare and contrast the effects of your monetary policies with those of current or historical US examples. What do these cases show about macroeconomic models’ reliability? Make careful to properly cite your research. (For more information, see the Supporting Materials section.)
Global Context: In the Global Context section of your report, you will broaden your discussion beyond Econland’s specific example to include the larger global context. Examine the effects of trade openness in general. In a closed economy vs an open economy, why and how do monetary and fiscal policies have distinct effects? Specific details from the course reading should be used to back up your claims.
Conclusions: Draw your general findings regarding the relevance and significance of macroeconomics for the public and your successor in the Conclusions part of your report.
Evaluate the efficacy of your economic policy choices. Have the outcomes of your economic policy decisions been as expected? Did your macroeconomic principles and models perform as you predicted? Give particular examples to explain your point.
Examine how consumer confidence may have influenced the results of your policy actions for Econland’s economy. Why is consumer confidence an important consideration when making macroeconomic decisions?
Finally, be sure that all of your sources are properly cited using APA-style in-line citations and references.
What Should You Submit?
You must submit the following to complete this project:
Report on the Economy
For your successor, your economic summary report should describe the major ideas and lessons from your Econland simulation. It should also show how macroeconomic concepts are important for the country’s future economic development.
Project Template Template
To submit your economic summary report, use this template and save it as a Word document. The APA style should be followed when citing sources.
Materials to Back You Up
The following materials can assist you in your project work:
Beginner’s Guide on Using the Snipping Tool (Video) (for PC)
For assistance with snipping, copying, and pasting your data visualizations into your project template, refer to this guide.
This video is available with captions: How to Use the Snipping Tool (Beginner’s Guide) (CC).
Is There a Snipping Tool for the Mac?
For assistance with snipping, copying, and pasting your data visualizations into your project template, refer to this guide.
APA Style Basics is a useful resource.
Use this resource to back up your in-line citations and full references in your project template’s References section.
Board of Governors of the Federal Reserve System is a useful resource.
Use this resource to supplement your study for the Fiscal Policy: Taxation and Monetary Policies sections of your report’s U.S. Comparisons section.
Budget and Economic Data from the Congressional Budget Office
Use this resource to supplement your study for the Fiscal Policy: Taxation and Monetary Policies sections of your report’s U.S. Comparisons section.
White House: Jobs and the Economy
Use this resource to supplement your research for the areas of your report on Fiscal Policy: Taxation and Monetary Policies.
RUBRIC |
||||||
Excellent Quality 95-100%
|
Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
|||
Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
|||
Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
|||
You Can Also Place the Order at www.collegepaper.us/orders/ordernow or www.crucialessay.com/orders/ordernow
Macroeconomics Project Assignment for ECO 202 |
Macroeconomics Project Assignment for ECO 202