ECO 202 SNHU Fiscal Policy in The 90s Presentation

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Economics

eco 202

Southern New Hampshire University

ECO

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ECO 202 Milestone Two Guidelines and Rubric: Fiscal Policies Continue your observation of the 10-year period selected for Milestone One, and research the fiscal policies implemented during those years. Specifically, the following critical elements must be addressed:    Examine the fiscal policies in place at the start of your specific time period in relation to their effects on macroeconomic issues. For instance, consider level of government spending, taxation, subsidies, unemployment benefits, and so on. 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. Explain the impact of the new fiscal policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles. Guidelines for Submission: Your fiscal policies milestone should be 3–5 slides in PowerPoint, Prezi, Keynotes or PreZentit, not including title page and references. Be sure to include speaker notes to accompany all of your responses. Your reference list slide needs to be in APA format. Critical Elements Fiscal Policies Policy Actions Proficient (100%) Examines the fiscal policies in place at the start of the specific time period in relation to their effects on macroeconomic issues, and provides information in speaker notes Needs Improvement (75%) Examines the fiscal policies in place at the start of the specific time period, but does not relate this to their effects on macroeconomic issues, or does not provide information in speaker notes Analyzes new fiscal policy actions Analyzes new fiscal policy actions undertaken by the U.S. undertaken by the U.S. government throughout the time government throughout the time period by describing their period, but does not describe intended effects, uses their intended effects, does not macroeconomic principles to use macroeconomic principles to explain the actions, and provides explain the actions, or does not information in speaker notes provide information in speaker notes Not Evident (0%) Does not explain the fiscal policies in place at the start of the specific time period Value 30 Does not analyze new fiscal policy actions undertaken by the U.S. government throughout the time period 30 Fiscal: Impact Comprehensively explains the impact of the new fiscal policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles, and provides information in speaker notes Articulation of Response Submission has no major errors related to citations, grammar, spelling, syntax, or organization Explains the impact of the new fiscal policy actions on individuals and businesses within the economy, but is not comprehensive, does not integrate the macroeconomic data and principles, or does not provide information in speaker notes Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Does not explain the impact of the new fiscal policy actions on individuals and businesses within the economy 30 Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas Earned Total 10 100% Presentation Title Your Name ECO 202 Instructor Name ECO 202 Fiscal Policy This rubric element wants you to look at the policies in place at the start of your chosen decade. • You will need to provide details on the policies and examine how they were related to macroeconomic issues at the time. Your slide(s) on this will highlight the key points and your speaker notes will add the explanatory detail needed. • You may need to take a peak at what was happening in the years leading up to the start of your decade. • Your work here should include scholarly research which you can best find information on specific fiscal policies, search by President instead of by years – start with these sites: • Congressional Budget Office • White House website • National Bureau of Economic Research ECO 202 Fiscal Policy Actions This rubric element wants you to examine what the fiscal policy initiatives were going forward, to respond to the changing economic landscape. • You should specifically state what the intent of the actions were - for instance, it could be to decrease unemployment. • Then, use our macroeconomic principles and models (like the AD-AS model or Keynesian consumption function) to explain why the action would lead to the outcome desired by the government. • Keep the main points (and any use of graphs to show the economic models) on the slide and use the speaker notes to add full explanation. • Scholarly research is required here as well (this may overlap with research from the previous element, as appropriate). ECO 202 Fiscal Policy Impact After looking at what the government set out to do and why, you will now examine if it actually worked. • You will look at the macroeconomic data (which you already gathered in milestone one) to see if policy actions achieved their goals. For instance, if President Johnson's "War on Poverty" aimed to reduce poverty in the U.S. and, in doing so, create a stronger economy. With less poverty, we should see increased consumption and higher growth rates. • Keep in mind that there may be times when the government misread the economy and implemented a policy that had unintended effects so its important to compare what was observed after the policy in the macroeconomic data to what the policy objectives were. • Also, consider how individual households and businesses were impacted by the policy decisions. For example, if taxes were lowered, did people spend more money? Did they save more money? Which group(s) of people received the tax cut? ECO 202 References • Include references in APA style. ECO 202
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Deficits and Taxes: Federal Budget
and Fiscal Policy in the 1980’s
Student Name:
Institution Affiliation:
Date:

Fiscal Policy: Reduction in tax rates over the
three years from 1981 to 1983
• This fiscal policy was an economic program proposed by Reagan administration.
• The goal was to reduce government spending and taxes relative to the economy’s
gross national product.

• The immediate impact of the tax cut was a decrease in income tax rate.
• The top marginal tax rate fell from 70% to 50% while the bottom marginal tax rate
dropped from 14% to 11%.

• This fiscal policy was in response to Reagan’s political manifesto aimed at reducing
the federal taxes and cutting the federal budget.

Fiscal Policy Actions
• The goal of this fiscal policy was to reduce the federal budget and taxes in the





bottom line.
It proposed to cut spe...


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