Macroeconomics Project Assignment for ECO 202
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Macroeconomics Project Assignment for ECO 202
Competencies
You will demonstrate mastery of the following competencies in this project:
Make decisions based on macroeconomic and business cycle fundamentals.
Using macroeconomic models, determine the economic impact of historical and present events.
Analyze the impact of changes in macroeconomic policies on the economy.
Scenario
You’ve just finished a seven-year stint as Econland’s senior economic policy advisor, in charge of the country’s economic management. You will be required to write a report for the new government. You will describe your macroeconomic policy decisions and the economic outcomes for Econland in this final report. The goal of this report is to convey the lessons you’ve learned during your term and encourage you to make smart macroeconomic decisions in the future.Directions
To begin, gather the supplies you’ll need to finish this project:Select either the Rollercoaster or Stagnation scenarios in Harvard Business Review’s Macroeconomics Simulation: Econland. You may find the final reports under the Dashboard and Reports tabs at the top of the webpage once you’ve finished the final year of your seven-year tenure. These charts, graphs, and other visualizations will be used to display your report in the template’s designated places (for example, Table 1.1). If you have any questions regarding how to use these tools, contact your instructor.
Review the Project Template under the What to Submit section and utilize it.
The report’s cover page, Table of Contents, and Introduction sections are included and should be used in all submissions unless otherwise specified in the template. You should read the brief Introduction section, which gives you an overview of the deliverable’s purpose and structure, and then fill in the high-level descriptions as needed.
The template includes placeholders for your data visualizations (e.g., charts, graphs, tables, etc.). These placeholders are intended to give you a basic idea of where the required visualizations should go. In each case, you should replace the placeholders with the relevant, indicated photos. It is recommended that you use a snipping tool or other image-editing software to copy and paste your data visualizations into the template to create an isolated image from the simulation data. For more information, see the corresponding tutorials in the Supporting Materials section.
Any source material utilized in your report must be properly referenced with citations. A References page has been included to the project template to assist you, and the reference for the course reading has already been provided. Any further references you include should be cited in APA format.
After you’ve gathered all of the necessary materials, you can begin drafting your economic summary report by following the steps below:The Introduction is the initial portion of your report, and it is here that you will personalize the provided content with information specific to your term (i.e., your simulation results) as the nation of Econland’s senior economic policy advisor. To contextualize this part, follow the template’s instructions, which include pasting Table 3 from your simulation report into the designated place (i.e., Table 1.1). Then, in two to three sentences, indicate which underlying scenario you chose, as well as your overall performance and approval rating.
Taxing Policies: Discuss Econland’s taxation policies for the public and your successor in the Fiscal Policies: Taxation portion of your report. Add an image of Table 1 from your simulation results to the relevant area of the template in this section (i.e., Table 2.1). Then, in the paragraphs below the table, respond to the following questions:
Explain why you made the tax policy decisions you did during your seven-year administration. What macroeconomic ideas or models did you use to make your decisions?
Determine how your modifications to the income and corporation tax rates will affect your bottom line. What impact did your tax-policy decisions have on consumption and investment? Explain these dynamics using macroeconomic ideas from the readings in the course.
Compare and contrast the effects of your tax policy decisions with those of current or historical US instances. What do these cases show about macroeconomic models’ reliability? Make careful to properly cite your research. (For more information, see the Supporting Materials section.)
Government Spending: Discuss Econland’s government spending plans for the public and your successor in the Fiscal Policies: Government Expenditure portion of your report. To the designated area of the template, add a picture of the “Real GDP Growth” and “Unemployment Rate” graphs from your simulation results, as well as an aggregate demand and aggregate supply (AD/AS) model (i.e., Figures 3.1 and 3.2). The AD/AS model is depicted in the course readings and on any trustworthy web source. Then, in the paragraphs below the figures, respond to the following questions:
Explain how you made decisions about government spending and how they evolved as macroeconomic conditions changed. In light of the current economic context, what was the goal of your fiscal policy decisions?
Examine the impact of your fiscal policy actions on important macroeconomic indicators like real GDP growth and unemployment. In what ways did your policies have a beneficial or bad impact?
To support your analysis in this portion of your report, refer to the AD/AS model.
Economic Policies: Discuss Econland’s monetary policies for the public and your successor in the Monetary Policies part of your report. Add a picture of the Inflation Rate graph from your simulation results to the indicated area of the template in this section (i.e., Figure 4.1). Then, in the paragraphs below the figure, respond to the following questions:
Explain how you modified interest rate levels and how these adjustments affected other macroeconomic elements including inflation, consumption, investments, GDP, and international trade. Give particular instances to help demonstrate your point.
Compare and contrast the effects of your monetary policies with those of current or historical US examples. What do these cases show about macroeconomic models’ reliability? Make careful to properly cite your research. (For more information, see the Supporting Materials section.)
Global Context: In the Global Context section of your report, you will broaden your discussion beyond Econland’s specific example to include the larger global context. Examine the effects of trade openness in general. In a closed economy vs an open economy, why and how do monetary and fiscal policies have distinct effects? Specific details from the course reading should be used to back up your claims.
Conclusions: Draw your general findings regarding the relevance and significance of macroeconomics for the public and your successor in the Conclusions part of your report.
Evaluate the efficacy of your economic policy choices. Have the outcomes of your economic policy decisions been as expected? Did your macroeconomic principles and models perform as you predicted? Give particular examples to explain your point.
Examine how consumer confidence may have influenced the results of your policy actions for Econland’s economy. Why is consumer confidence an important consideration when making macroeconomic decisions?
Finally, be sure that all of your sources are properly cited using APA-style in-line citations and references.
What Should You Submit?
You must submit the following to complete this project:Report on the Economy
For your successor, your economic summary report should describe the major ideas and lessons from your Econland simulation. It should also show how macroeconomic concepts are important for the country’s future economic development.Project Template Template
To submit your economic summary report, use this template and save it as a Word document. The APA style should be followed when citing sources.Materials to Back You Up
The following materials can assist you in your project work:Beginner’s Guide on Using the Snipping Tool (Video) (for PC)
For assistance with snipping, copying, and pasting your data visualizations into your project template, refer to this guide.This video is available with captions: How to Use the Snipping Tool (Beginner’s Guide) (CC).
Is There a Snipping Tool for the Mac?
For assistance with snipping, copying, and pasting your data visualizations into your project template, refer to this guide.APA Style Basics is a useful resource.
Use this resource to back up your in-line citations and full references in your project template’s References section.Board of Governors of the Federal Reserve System is a useful resource.
Use this resource to supplement your study for the Fiscal Policy: Taxation and Monetary Policies sections of your report’s U.S. Comparisons section.Budget and Economic Data from the Congressional Budget Office
Use this resource to supplement your study for the Fiscal Policy: Taxation and Monetary Policies sections of your report’s U.S. Comparisons section.White House: Jobs and the Economy
Use this resource to supplement your research for the areas of your report on Fiscal Policy: Taxation and Monetary Policies.
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
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