macroeconomics/ how economies work/ 5 minute podcast script/ 6 hours/ 15$

Macroeconomics

How Economies Work

Final project

Students are expected to be able to analyze how economies work. The final project will not only apply what they have learned in the real-world issues but also motivate them to learn continuously by solving hands-on problems.

The project will be based on a presentation that needs to have a thorough background research and investigation, and needs to showcase that students have understood all previous classes and materials studied in class, prove the analytical skills of the student and the ability to back up with arguments and logic all business related aspects and assumptions. The teams are encouraged to think creatively about how economies work.

OBJECTIVE

Many of the fundamental theories studied should provide a guide for informed citizens and public policy makers. Unfortunately, public policy often rests on normative beliefs and “common sense” judgements, which turn out to be incorrect.

THE PODCAST

The podcast planet money provides explanations of complex economic theories using language that is accessible to non-economists. Your task for this project is to create your own planet money style podcast explaining the macro economy. This podcast should be approximately 5 minutes in length.

1. Select one public policy question or aspect of economic theory that you find especially interesting, applicable, important, or controversial.

2. Provide an analysis of this topic that outlines the salient issues and includes the history, relevant data, key decision makers, ramifications for society, and analysis of attempts to solve this problem, and the results.

3. The important thing to keep in mind throughout is that the audience knows nothing about economics and is easily bored. You need to explain things in non-technical language and make it interesting!