Money and the Prices in the Long Run and Open Economies 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. Money and the Prices in the Long Run and Open Economies Grading Guide ECO/372 Version 10 Individual Assignment: Money and the Prices in the Long Run and Open Economies Purpose of Assignment Week 3 will help students develop an understanding of what money is, what forms money takes, how the banking system helps create money, and how the Federal Reserve controls the quantity of money. Students will learn how the quantity of money affects inflation and interest rates in the long run, and production and employment in the short run. Students will find that, in the long run, there is a strong relationship between the growth rate of money and inflation. Students will review the basic concepts macroeconomists use to study open economies and will address why a nation’s net exports must equal its net capital outflow. Students will demonstrate the relationship between the prices and quantities in the market for loanable funds and the prices and quantities in the market for foreign-currency exchange. Student will learn to analyze the impact of a variety of government policies on an economy’s exchange rate and trade balance. Resources Required National Bureau of Economic Research Grading Guide Content Student developed an economic outlook forecast that includes an analysis of the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years. Student developed an economic outlook forecast that includes a discussion of how government policies can influence economic growth. Student developed an economic outlook forecast that includes an analysis of how monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables. Student developed an economic outlook forecast that includes a description of how trade deficits or surpluses can influence the growth of productivity and GDP. Student developed an economic outlook forecast that includes a discussion of the importance of the market for loanable funds and the market for foreign-currency exchange to the achievement of the strategic plan. Student developed an economic outlook forecast that includes a recommendation, based on their findings, of whether the strategic plan can be achieved and the student provides support. Met Partially Met Not Met Comments: 2 Money and the Prices in the Long Run and Open Economies Grading Guide ECO/372 Version 10 Content Met Partially Met Not Met Total Available Total Earned 12 #/12 Partially Met Not Met Total Available Total Earned 3 #/3 15 #/15 Comments: The paper is 2,100 words in length. Writing Guidelines Met The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. 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. Sentences are complete, clear, and concise. Rules of grammar and usage are followed including spelling and punctuation. Assignment Total Additional comments: # Comments: 3
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