Assignment Instructions/ Description
ECO 202 Final Project Guidelines and RubricOverviewThe final project for this course is the creation of economic history analysis presentation. Macroeconomics is the part of the study of economics that is concernedwith the aggregate or the whole. Macroeconomics provides us with tools and methods to understand how our economy works as a whole. It deals witheconomy-wide issues such as price levels, employment, national income, and growth. As a student of macroeconomics, you will learn how to understand thechanges occurring throughout our economy and how our economy is influenced by our decisions, by our government, and by other countries.In this assignment, you will perform an in-depth analysis of a 10-year period in U.S. economic history between 1950 and today. In your analysis, you will examinemacroeconomic data, basic macroeconomic principles, government actions, and historical/current events to give a clear and comprehensive picture of yourchosen time period and detail how they are related to one another.The project is divided into three milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality finalsubmissions. These milestones will be submitted in Modules Two, Four, and Five. The final project will be submitted in Module Seven.In this assignment, you will demonstrate your mastery of the following course outcomes: Apply macroeconomic models to historical and current events for drawing connections between the events and their economic impact Determine the effects of government intervention and fiscal and monetary policy actions for their impact on the economy Analyze macroeconomic data for their implication to economic outcomes and forecasting Analyze macroeconomics trends and government policies for their influence on industries and householdsPromptFor this assignment, you will first need to choose a 10-year period in U.S. economic history between 1950 and today. You will then present the data collectedfrom government sources related to a variety of macroeconomic phenomena and analyze them in conjunction with the models and core principles to explain theeconomy-wide changes during your chosen time period. You will also examine the events of the time in their relation to the macroeconomic issues as well as thecorresponding government actions taken (fiscal and monetary policies) to address the issues. The final presentation should be 15–20 slides using PowerPoint,Prezi, Keynote, or PreZentit, including title and reference slides. Be sure to include speaker notes to accompany the data and graphs, information, andexplanations presented on the slide.Specifically, the following critical elements must be addressed:I. Examination of Macroeconomic Data (Be sure to include speaker notes to accompany all of your responses.)a) Gross Domestic Product (GDP) and Growthi. Analyze the annual GDP during the time frame to calculate specific growth rates and trends in the U.S. economy. ii. Choose two or three of the most relevant historical and/or current events during this time period that impacted the U.S. economy. Applyspecific models developed throughout the course to demonstrate how these events influenced national output during this time.b) Unemployment and Inflationi. Analyze unemployment and inflation data during the time frame in their relation to output and growth, using macroeconomic principlesand models to explain their effect.ii. Apply specific models developed throughout the course to demonstrate how the previously selected historical and/or current eventsinfluenced both unemployment and inflation during this time.c) Analyze interest rate fluctuations throughout this time period and their effects on other aspects of the economy. How would these fluctuationsaffect inflation? Would investments and foreign trade rates increase or decrease? How would the GDP of the American economy be affected?d) Foreign Tradei. Analyze data representing levels of U.S. imports and exports during this time. How do they relate to other economic outcomes such asthe GDP, foreign exchange rates, and so on?ii. Apply specific models developed throughout the course to demonstrate how domestic and foreign events (e.g., wars, changes in tradebarriers, development abroad) have impacted the level of and changes in imports and exports in the United States.II. Government Policies (Be sure to include speaker notes to accompany all of your responses.)a) Fiscal Policyi. Examine the fiscal policies in place at the start of your specific time period in relation to their effects on macroeconomic issues. Forinstance, consider level of government spending, taxation, subsidies, unemployment benefits, and so on.ii. Analyze new fiscal policy actions undertaken by the U.S. government throughout the time period by describing their intended effects,using macroeconomic principles to explain the actions.iii. Explain the impact of the new fiscal policy actions on individuals and businesses within the economy by integrating the macroeconomicdata and principles.b) Monetary Policyi. Examine the monetary policies in place at the start of your specific time period in relation to their effects on macroeconomic issues. Forinstance, consider the discount rate set by the Fed, the rates on reserves, open market operations, and so on.ii. Analyze new monetary policy actions undertaken by the U.S. government throughout the time period by describing their intendedeffects, using macroeconomic principles to explain the actions.iii. Explain the impact of the new monetary policy actions on individuals and businesses within the economy by integrating themacroeconomic data and principles.III. Conclusion (Be sure to include speaker notes to accompany all of your responses.)a) Summarize the overall trends and outcomes of this 10-year period by integrating the data, economic models, and historical analysis.b) Defend your agreement or disagreement with the actions taken by the U.S. government during this time based upon your analysis andapplication of the macroeconomic theories
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