Ten Principles of Economics and the Data of Macroeconomics Grading Guide ECO/372 Version 10 Principles of Macroeconomics Copyright Copyright © 2016, 2015, 2014 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Ten Principles of Economics and the Data of Macroeconomics Grading Guide ECO/372 Version 10 Individual Assignment: Ten Principles of Economics and the Data of Macroeconomics Purpose of Assignment The purpose of this is assignment is for students to review the basic principles of economics and the concepts of the circular flow model, showing the connectivity of society’s economic players and the flow of goods and money within an economy. Students will learn how society allocates its scarce resources and how economists are both scientists and policymakers. Students will define GDP and CPI and how they are calculated. Resources Required National Bureau of Economic Research Grading Guide Content Met Partially Met Not Met Total Available Total Earned 9 #/9 Partially Met Not Met Comments: Student explains how economists are both scientists and policymakers and what principles society uses to allocate it scarce resources. Student explains the flow of money and goods in an economy using the circular flow model. Student explains how market forces of supply and demand coordinate societies independent their economic actors. Student explains how a country’s gross domestic product (GDP) is defined and calculated. Student explains how the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living. The report is 1,050-words in length. Writing Guidelines The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. Met Comments: 2 Ten Principles of Economics and the Data of Macroeconomics Grading Guide ECO/372 Version 10 Writing Guidelines Met Partially Met Not Met Total Available Total Earned 3 #/3 12 #/12 Intellectual property is recognized with in-text citations and a reference page. Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. Rules of grammar and usage are followed including spelling and punctuation. Assignment Total Additional comments: # Comments: 3
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