Final Project - Macroeconomics

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Question Description

The final is combining all the powerpoint presentations submitted in this course (attached), including some new information that is posted below:

1. Continue your observation of the 10-year period selected for Milestone One and research the Government Policies implemented during those years.

Monetary Policy
- Examine the monetary policies in place at the start of your specific time period in relation to their effects on macroeconomic issues. For instance, consider the discount rate set by the Fed, the rates on reserves, open market operations, and so on.
- Analyze new monetary 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 monetary policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles. 2)

2. Present your research with 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.

Final Project: Economic History Analysis Presentation

In Module Seven, you will submit your final project. It will include new research on foreign trade practices (Section I, part d), will draw conclusions (Section III), and integrate all milestones and feedback. It should be a complete, polished artifact containing all of the critical elements of the final product.

1. Research and present, in 3–4 slides, foreign trade practices and policies of the 10-year period you researched for Milestones One, Two, and Three. - Analyze data representing levels of U.S. imports and exports during this time. How do they relate to other economic outcomes such as the GDP, foreign exchange rates, and so on?
- Apply specific models developed throughout the course to demonstrate how domestic and foreign events (e.g., wars, changes in trade barriers, development abroad) have impacted the level of and changes in imports and exports in the United States.

2. Draw conclusions to the research carried out throughout the course.
- Summarize the overall trends and outcomes of this 10-year period by integrating the data, economic models, and historical analysis.
- Defend your agreement or disagreement with the actions taken by the U.S. government during this time based upon your analysis and application of the macroeconomic theories.
- Incorporate and integrate this information with the slides developed during Milestones One, Two, and Three into a 15–20-slide presentation that covers all the critical elements of the assignment. Be sure to include speaker notes to accompany all of your responses.

Unformatted Attachment Preview

ECO 202 Final Project Guidelines and Rubric Overview The final project for this course is the creation of economic history analysis presentation. Macroeconomics is the part of the study of economics that is concerned with the aggregate or the whole. Macroeconomics provides us with tools and methods to understand how our economy works as a whole. It deals with economy-wide issues such as price levels, employment, national income, and growth. As a student of macroeconomics, you will learn how to understand the changes 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 examine macroeconomic data, basic macroeconomic principles, government actions, and historical/current events to give a clear and comprehensive picture of your chosen 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 final submissions. 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 households Prompt For 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 collected from government sources related to a variety of macroeconomic phenomena and analyze them in conjunction with the models and core principles to explain the economy-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 the corresponding 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, and explanations 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 Growth i. 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. Apply specific models developed throughout the course to demonstrate how these events influenced national output during this time. b) Unemployment and Inflation i. Analyze unemployment and inflation data during the time frame in their relation to output and growth, using macroeconomic principles and models to explain their effect. ii. Apply specific models developed throughout the course to demonstrate how the previously selected historical and/or current events influenced 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 fluctuations affect inflation? Would investments and foreign trade rates increase or decrease? How would the GDP of the American economy be affected? d) Foreign Trade i. Analyze data representing levels of U.S. imports and exports during this time. How do they relate to other economic outcomes such as the 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 trade barriers, development abroad) have impacted the level of and changes in imports and exports in the United States. II. III. Government Policies (Be sure to include speaker notes to accompany all of your responses.) a) Fiscal Policy i. 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. 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 macroeconomic data and principles. b) Monetary Policy i. Examine the monetary policies in place at the start of your specific time period in relation to their effects on macroeconomic issues. For instance, 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 intended effects, 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 the macroeconomic data and principles. 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 and application of the macroeconomic theories. Milestones Milestone One: Macroeconomic Data Report In Module Two, you will submit the first three sections of your final project as outlined in Section I, parts a), b), and c). 1) Choose a 10-year period in the history of the U.S. between 1950 and today. All responses will be related to that timeframe. b) Gross Domestic Product (GDP) and Growth i. Analyze the annual GDP to calculate specific growth rates and trends in the U.S. economy. ii. Choose two or three of the most relevant events from this time period that impacted the U.S. economy. Apply specific models developed throughout the course to demonstrate how these events influenced national output during this time period. c) Unemployment and Inflation i. Analyze unemployment and inflation data as to their relation to output and growth, using macroeconomic principles and models to explain their effect. ii. Apply specific models developed throughout the course to demonstrate how the previously selected events influenced both unemployment and inflation during this time period. d) Analyze interest rate fluctuations throughout this time period and their effects on other aspects of the economy. How would these fluctuations affect inflation? Would investments and foreign trade rates increase or decrease? How would the GDP of the American economy be affected? 2) Present your research with 4–6 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. 3) Apply APA formatting to citations and references. This milestone will be graded with the Milestone One Rubric. Milestone Two: Fiscal Policies In Module Four, you will submit a section of your final project pertaining to fiscal policies as outlined in Section II, part a). 1) Continue your observation of the 10-year period selected for Milestone One, and research the government policies implemented during those years. a) Fiscal Policy i. 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. ii. Explain the impact of the new fiscal policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles. 2) Present your research with 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. 3) Apply APA formatting to citations and references. This milestone will be graded with the Milestone Two Rubric. Milestone Three: Monetary Policies In Module Five, you will submit a section of your final project pertaining to monetary policies as outlined in Section II, part b). 1) Continue your observation of the 10-year period selected for Milestone One and research the Government Policies implemented during those years. a) Monetary Policy i. Examine the monetary policies in place at the start of your specific time period in relation to their effects on macroeconomic issues. For instance, 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 intended effects, 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 the macroeconomic data and principles. 2) Present your research with 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. 3) Apply APA formatting to citations and references. This milestone will be graded with the Milestone Three Rubric. Final Project: Economic History Analysis Presentation In Module Seven, you will submit your final project. It will include new research on foreign trade practices (Section I, part d), will draw conclusions (Section III), and integrate all milestones and feedback. It should be a complete, polished artifact containing all of the critical elements of the final product. 1) Research and present, in 3–4 slides, foreign trade practices and policies of the 10-year period you researched for Milestones One, Two, and Three. a) Analyze data representing levels of U.S. imports and exports during this time. How do they relate to other economic outcomes such as the GDP, foreign exchange rates, and so on? b) Apply specific models developed throughout the course to demonstrate how domestic and foreign events (e.g., wars, changes in trade barriers, development abroad) have impacted the level of and changes in imports and exports in the United States. 2) Draw conclusions to the research carried out throughout the course. 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 and application of the macroeconomic theories. 3) Incorporate and integrate this information with the slides developed during Milestones One, Two, and Three into a 15–20-slide presentation that covers all the critical elements of the assignment. Be sure to include speaker notes to accompany all of your responses. 4) Apply APA formatting to citations and references. The final project will be graded using the Final Project Rubric. Deliverables Milestone Deliverables Module Due Grading 1 Macroeconomic Data Report Two Graded separately; Milestone One Rubric 2 Fiscal Policies Report Four Graded separately; Milestone Two Rubric 3 Monetary Policies Report Five Graded separately; Milestone Three Rubric Seven Graded separately; Final Project Rubric Final Submission: Economic History Analysis Presentation Final Project Rubric Guidelines for Submission: Your economic history analysis presentation should be 15–20 slides, including title and reference slides, and include speaker notes to accompany the slides. Your reference list slide needs to be in APA format. Critical Elements Examination: GDP: Growth Rates and Trends Exemplary (100%) Meets “Proficient” criteria and explains relevance of the growth rates observed Proficient (85%) Accurately analyzes the annual GDP during the time frame to calculate specific growth rates and trends in the U.S. economy and provides information in speaker notes Applies specific models developed throughout the course to demonstrate how relevant historical and/or current events have influenced national output during the time period, and provides information in speaker notes Needs Improvement (55%) Analyzes the annual GDP during the time frame to calculate specific growth rates and trends in the U.S. economy, but analysis is inaccurate, or does not provide information in speaker notes Examination: GDP: Meets “Proficient” criteria and Applies specific models Influenced National offers a nuanced insight into the developed throughout the course Output relationship between events and to demonstrate how relevant national output historical and current events have influenced national output during the time period, but events chosen are not relevant, or does not provide information in speaker notes Examination: Meets “Proficient” criteria and Analyzes unemployment and Analyzes unemployment and Unemployment and explains how data is collected and inflation data during the time inflation data during the time Inflation: Output and calculated frame in their relation to output frame, but does not relate Growth and growth, using analysis to output and growth, macroeconomic principles and does not use macroeconomic models to explain their effect, principles and models to explain and provides information in their effect, or does not provide speaker notes information in speaker notes Examination: Meets “Proficient” criteria and Applies specific models Applies specific models Unemployment: offers a nuanced insight into the developed throughout the course developed throughout the course Events relationship between events, to demonstrate how relevant to demonstrate how relevant unemployment, and inflation historical/or and current events historical and current events have have influenced both influenced both unemployment unemployment and inflation and inflation during this time during the time period, and period, but events chosen are not provides information in speaker relevant, or does not provide notes information in speaker notes Not Evident (0%) Does not analyze the annual GDP during the time frame Value 6.4 Does not apply specific models developed throughout the course to demonstrate influence on national output 6.4 Does not analyze unemployment and inflation data during the time frame 6.4 Does not apply specific models developed throughout the course to demonstrate relevant events’ influence on unemployment and inflation 6.4 Examination: Interest Meets “Proficient” criteria and Rate Fluctuations relates fluctuations to all other factors of the economy Analyzes interest rate fluctuations throughout the time period and their effect on other aspects of the economy, such as inflation, investment, foreign trade, and the GDP, and provides information in speaker notes Examination: Foreign Meets “Proficient” criteria and Trade: Imports and provides specific detail in Exports presenting the data Accurately analyzes data representing levels of U.S. imports and exports during the time period as they relate to other economic outcomes, and provides information in speaker notes Applies specific models developed throughout the course to demonstrate how domestic and foreign events have impacted the level of and changes in imports and exports in the United States, and provides information in speaker notes Examination: Foreign Meets “Proficient” criteria and Trade: Models offers a nuanced insight into the relationship between events and changes in imports and exports Government Policies: Meets “Proficient” criteria and Fiscal: Policies cites scholarly research to support the relation between the policies and the issues 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 Government Policies: Meets “Proficient” criteria and is Fiscal: Policy Actions well qualified and cites scholarly research with specific examples and references Analyzes new fiscal policy actions undertaken by the U.S. government throughout the time period by describing their intended effects, uses macroeconomic principles to explain the actions, and provides information in speaker notes Analyzes interest rate fluctuations throughout the time period, but does not relate this to their effect on other aspects of the economy such as inflation, investment, foreign trade, and the GDP, or does not provide information in speaker notes Analyzes data representing levels of U.S. imports and exports during the time period, but does not relate data to other economic outcomes, does not provide information in speaker notes, or analysis is inaccurate Applies specific models developed throughout the course to demonstrate how domestic and foreign events have impacted the level of and changes in imports and exports in the United States, but events chosen are not relevant, or does not provide information in speaker notes 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 undertaken by the U.S. government throughout the time period, but does not describe their intended effects, does not use macroeconomic principles to explain the actions, or does not provide information in speaker notes Does not analyze interest rate fluctuations throughout the time period 6.4 Does not analyze data representing levels of U.S. imports and exports during the time period 6.4 Does not apply specific models developed throughout the course to demonstrate impact of domestic and foreign events on foreign trade 6.4 Does not explain the fiscal policies in place at the start of the specific time period 6.4 Does not analyze new fiscal policy actions undertaken by the U.S. government throughout the time period 6.4 Government Policies: Meets “Proficient” criteria and Fiscal: Impact uses concrete examples to substantiate claims and to comprehensively describe the policy results 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 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 Government Policies: Meets “Proficient” criteria and Examines the monetary policies Examines the monetary policies Monetary: Policies cites scholarly research to in place at the start of the in place at the start of the support the relation between the selected time period in relation to selected time period, but does policies and the issues their effec ...
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Professor_Markins
School: UIUC

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Attached.

United States Economy Between 2000
and 2010
Taresha Gardner
ECO 202

ECO 202

Overview
• The period between 2000 and 2010 is known as “The Lost
Decade.”
• Two major recession occurred;
➢The 2001-2003 recession
➢The 2007 recession

• The terrorist attack occurred in 2001 thus necessitating
war on terror (Jacobsen and Mather, 2010)
• Interest rate fluctuated, and unemployment rose during
the same period

ECO 202

GDP
• A considerable economic deterioration occurred between
2000 and 2010 (Stephanie, 2014)
• The decade experienced two major recessions from 2001
to 2003 and in 2007 (Jacobsen and Mather, 2010)
• The terrorist attack in 2001increased war against terror
• There was a Dotcom stock bubble burst
• The crash of the housing market occurred

ECO 202

GDP
2001-2003
Recession

2007 Recession
(Housing Crash)

• The effects of the 2007 recession;
➢ A rise in the unemployment rate
➢ The annual growth rate declines, for example, 2007:1.18%, 2008:0.3% and 2009: -2.8%
➢ Housing bubble.

ECO 202

Unemployment and Inflation
• The 2003 recession resulted in the increase of rate of
unemployment.
• The period of recession that commenced in late-2007 to
mid-2009 caused economic contraction which resulted in
the loss of approximately 8.7 million jobs (Stephanie, 2014)
• The consumer spending declined during the period
• The unemployment rate was at 6% during the 2001-2003
recession.
• The unemployment rate began to drop until after 2007 when
it rose again to 9.3% from 5.8%
• The inflation rate was 3% before 2001 then it dropped by
1.2% in 2001 and later increased to 3.8% in 2008

ECO 202

Unemployment and Inflation
• According to the Philips curve, the inflation and unemployment
rates have an inverse relationship (Simpson, 2011).
• Therefore, when there is inflation increase, then unemployment will
decrease and vice versa
Philips curve

ECO 202

Interest Rates
• The fluctuations in the
interest rate affect the
rate of inflation
• The decrease in interest
rates encourages foreign
trade and investments
(Simpson, 2011).

ECO 202

Foreign Trade: Imports and Exports
Exports

ECO 202

Imports

Foreign Trade: Imports and Exports
• Events during the period between 2000 and 2010
impacted foreign trade
• The two recessions (2001 and 2007)
• Terrorist attack in 2001
• Stock market crash
• Housing market crash
• The United States agreed on several Free Trade Areas
(FTAs) with several countries during the period

ECO 202

Foreign Trade: Models
• The AD-AS model can
explain the shifts in the level
of foreign trade
• Export level decreases
when the country’s
exchange rates increase .
• Export increases when
foreign income rises.
• Shifts in aggregate demand
or aggregate supply impacts
the price level and the real
GDP

ECO 202

Fiscal Policy
• President Jimmy Carter (1973-1977) emphasized on
gearing fiscal policy to fight unemployment and
established price controls and voluntary wage program to
fight inflation (Frankel and Orszag, 2002).
• The Tax Reform Act of 1986
• The 1990 budget agreements

EC...

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Anonymous
awesome work thanks

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