Different countries have different economic policies in place. In addition, because of various other factors like geo-political issues, access to capital, public health infrastructure, political system, etc., their macroeconomic indicators and economic growth rates are different. In your final paper, respond to the following questions:
- Report the following macroeconomic indicators for your country: GDP, economic growth rate, public debt, inflation rate (CPI, annual variation in %), policy interest rate, and trade balance.
- Discuss the state of the economy of the country you selected. Make sure to discuss if the country is experiencing a recession or an expansion and if there is inflation or deflation in the economy.
- Discuss the relationship between GDP, inflation, and unemployment as addressed by the AD-AS model and explore if this is the same relationship as explained by the Phillip’s Curve.
- Recommend ONE policy to the central bank of the country, given the state of the economy.
- Recommend ONE policy to the government of the country you selected, given the state of the economy.
- Discuss the possible short-run and long-run implications of using the monetary and fiscal policies you prescribed in the previous questions.
- Discuss the differences in the approach taken by a Classical economist versus a Keynesian economist in solving the macroeconomic issues of the country you selected.
see attached for instructions
ECO203.W5A1.02.2023
Description:
Total Possible Score: 20.00
Reports the Following Macroeconomic Indicators for Chosen Country: Gross Domestic Product (GDP), Economic Growth Rate, Public Debt, Inflation Rate (Consumer Price Index (CPI), Annual Variation in Percent), Policy Interest Rate, and Trade Balance
Total: 3.00
Distinguished – Clearly and accurately reports the indicated macroeconomic indicators for chosen country.
Proficient – Reports the indicated macroeconomic indicators for chosen country. Minor details are slightly unclear or inaccurate.
Basic – Vaguely reports the indicated macroeconomic indicators for chosen country. Relevant details are unclear and/or inaccurate.
Below Expectations – Attempts to report the indicated macroeconomic indicators for chosen country; however, significant details are unclear and inaccurate.
Non-Performance – The report of the indicated macroeconomic indicators for chosen country is either nonexistent or lacks the components described in the assignment instructions.
Discusses the State of the Economy of the Selected Country, Including if the Country Is Experiencing a Recession or an Expansion and if There Is Inflation or Deflation in the Economy
Total: 3.00
Distinguished – Thoroughly discusses the state of the economy of the selected country, including if the country is experiencing a recession or an expansion and if there is inflation or deflation in the economy.
Proficient – Discusses the state of the economy of the selected country, including if the country is experiencing a recession or an expansion and if there is inflation or deflation in the economy. Minor details are missing.
Basic – Minimally discusses the state of the economy of the selected country, including if the country is experiencing a recession or an expansion and if there is inflation or deflation in the economy. Relevant details are missing.
Below Expectations – Attempts to discuss the state of the economy of the selected country, including if the country is experiencing a recession or an expansion and if there is inflation or deflation in the economy; however, significant details are missing.
Non-Performance – The discussion of the state of the economy of the selected country, including if the country is experiencing a recession or an expansion and if there is inflation or deflation in the economy is either nonexistent or lacks the components described in the assignment instructions.
Discusses the Relationship Between GDP, Inflation, and Unemployment as Addressed by the AD-AS Model and Explore if This Is the Same Relationship as Explained by the Phillip’s Curve
Total: 3.00
Distinguished – Thoroughly discusses the relationship between GDP, inflation, and unemployment as addressed by the AD-AS model and explores if this is the same relationship as explained by the Phillip’s Curve.
Proficient – Discusses the relationship between GDP, inflation, and unemployment as addressed by the AD-AS model and explores if this is the same relationship as explained by the Phillip’s Curve. Minor details are missing.
Basic – Minimally discusses the relationship between GDP, inflation, and unemployment as addressed by the AD-AS model and explores if this is the same relationship as explained by the Phillip’s Curve. Relevant details are missing.
Below Expectations – Attempts to discuss the relationship between GDP, inflation, and unemployment as addressed by the AD-AS model and explores if this is the same relationship as explained by the Phillip’s Curve; however, significant details are missing.
Non-Performance – The discussion of the relationship between GDP, inflation, and unemployment as addressed by the AD-AS model and exploration of if this is the same relationship as explained by the Phillip’s Curve are either nonexistent or lack the components described in the assignment instructions.
Recommends One Policy to the Central Bank of the Country, Given the State of the Economy, and One Policy to the Government of the Selected Country, Given the State of the Economy
Total: 2.00
Distinguished – Comprehensively recommends one policy to the central bank of the country, given the state of the economy, and one policy to the government of the selected country, given the state of the economy.
Proficient – Recommends one policy to the central bank of the country, given the state of the economy, and one policy to the government of the selected country, given the state of the economy. Minor details are missing.
Basic – Partially recommends one policy to the central bank of the country, given the state of the economy, and one policy to the government of the selected country, given the state of the economy. Relevant details are missing.
Below Expectations – Attempts to recommend one policy to the central bank of the country, given the state of the economy, and one policy to the government of the selected country, given the state of the economy; however, significant details are missing.
Non-Performance – The recommendation of one policy to the central bank of the country, given the state of the economy, and one policy to the government of the selected country, given the state of the economy is either nonexistent or lacks the components described in the assignment instructions.
Discusses the Possible Short-Run and Long-Run Implications of Using the Monetary and Fiscal Policies Prescribed in the Previous Questions
Total: 3.00
Distinguished – Thoroughly discusses the possible short-run and long-run implications of using the monetary and fiscal policies prescribed in the previous questions.
Proficient – Discusses the possible short-run and long-run implications of using the monetary and fiscal policies prescribed in the previous questions. Minor details are missing.
Basic – Minimally discusses the possible short-run and long-run implications of using the monetary and fiscal policies prescribed in the previous questions. Relevant details are missing.
Below Expectations – Attempts to discuss the possible short-run and long-run implications of using the monetary and fiscal policies prescribed in the previous questions; however, significant details are missing.
Non-Performance – The discussion of the possible short-run and long-run implications of using the monetary and fiscal policies prescribed in the previous questions is either nonexistent or lacks the components described in the assignment instructions.
Discusses the Differences in the Approach Taken by a Classical Economist Versus a Keynesian Economist in Solving the Macroeconomic Issues of the Selected Country
Total: 2.00
Distinguished – Thoroughly discusses the differences in the approach taken by a Classical economist versus a Keynesian economist in solving the macroeconomic issues of the selected country.
Proficient – Discusses the differences in the approach taken by a Classical economist versus a Keynesian economist in solving the macroeconomic issues of the selected country. Minor details are missing.
Basic – Minimally discusses the differences in the approach taken by a Classical economist versus a Keynesian economist in solving the macroeconomic issues of the selected country. Relevant details are missing.
Below Expectations – Attempts to discuss the differences in the approach taken by a Classical economist versus a Keynesian economist in solving the macroeconomic issues of the selected country; however, significant details are missing.
Non-Performance – The discussion of the differences in the approach taken by a Classical economist versus a Keynesian economist in solving the macroeconomic issues of the selected country is either nonexistent or lacks the components described in the assignment instructions.
Written Communication: Control of Syntax and Mechanics
Total: 1.00
Distinguished - Displays meticulous comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains no errors and is very easy to understand.
Proficient - Displays comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains only a few minor errors and is mostly easy to understand.
Basic - Displays basic comprehension of syntax and mechanics, such as spelling and grammar. Written work contains a few errors which may slightly distract the reader.
Below Expectations - Fails to display basic comprehension of syntax or mechanics, such as spelling and grammar. Written work contains major errors which distract the reader.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: APA Formatting
Total: 1.00
Distinguished - Accurately uses APA formatting consistently throughout the paper, title page, and reference page.
Proficient - Exhibits APA formatting throughout the paper. However, layout contains a few minor errors.
Basic – Exhibits limited knowledge of APA formatting throughout the paper. However, layout does not meet all APA requirements.
Below Expectations - Fails to exhibit basic knowledge of APA formatting. There are frequent errors, making the layout difficult to distinguish as APA.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Page Requirement
Total: 1.00
Distinguished - The length of the paper is equivalent to the required number of correctly formatted pages.
Proficient - The length of the paper is nearly equivalent to the required number of correctly formatted pages.
Basic - The length of the paper is equivalent to at least three quarters of the required number of correctly formatted pages.
Below Expectations - The length of the paper is equivalent to at least one half of the required number of correctly formatted pages.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Resource Requirement
Total: 1.00
Distinguished - Uses more than the required number of scholarly sources, providing compelling evidence to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.
Proficient - Uses the required number of scholarly sources to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.
Basic - Uses less than the required number of sources to support ideas. Some sources may not be scholarly. Most sources on the reference page are used within the body of the assignment. Citations may not be formatted correctly.
Below Expectations - Uses an inadequate number of sources that provide little or no support for ideas. Sources used may not be scholarly. Most sources on the reference page are not used within the body of the assignment. Citations are not formatted correctly.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.
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The Macroeconomic Measures and Policy Final Paper
· Must be eight to 8 double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Writing Center APA Style resource.Links to an external site.
· Must include a separate title page with the following:
· Title of paper
· Student’s name
· Course name and number
· Instructor’s name
· Date submitted
· For further assistance with the formatting and the title page, refer to APA Formatting forLinks to an external site. MicrosoftLinks to an external site. Word.
· Must utilize academic See the Academic VoiceLinks to an external site. resource for additional guidance.
· Must include an introduction and conclusion Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
· For assistance on writing Introductions & ConclusionsLinks to an external site. as well as Writing a ThesisLinks to an external site. StatementLinks to an external site., refer to the Writing Center resources.
· Must use at least three scholarly, peer-reviewed, and other credible sources in addition to the course text.
· The Scholarly, Peer-Reviewed, and Other Credible SourcesLinks to an external site. table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your Your instructor has the final say about the appropriateness of a specific source for a particular assignment.
· Must document any information used from sources in APA style as outlined in the Writing Center’s Citing Within Your PaperLinks to an external site. guide.
· Must include a separate references page that is formatted according to APA style as outlined in the Writing Center. See the Formatting Your References ListLinks to an external site. resource in the Writing Center for specifications.