Assignment principles of economics
pauolaWrite a six to twelve sentence paragraph on each of the following topics. In each paragraph, define the sub-listed terms, and briefly but rigorously explain how that term would be applied to the current state of the economy. Please bold each vocabulary word used. You are required to use 15 of the following terms.
Topic 1: Gross Domestic Product
a.Measuring GDP
b.Public transfer payments
c.Real GDP
d.Business Cycles
Topic 2: Unemployment
a.Measuring Unemployment
b.Types of Unemployment
c.Full employment
Topic 3: Inflation
a.Measuring inflation
b.Demand pull inflation
c.COLAS
Topic 4: Fiscal Policy
a.Expansionary & Contractionary Fiscal Policy
b.Automatic Stabilizer
c.Crowding out Effect
d.Lag time
Topic 5: Monetary Policy
a.Fractional Banking System
b.Money Multiplier
c.Open Market Operations
d.Reserve Ratio
e.Discount Rate
f.Term Audition Facility
Rubric: Including each topic in your paper earns 4 points per topic. Each term in the paper used earns 2 points per term.
Grading Rubric
ParagraphIncludedKey 1Key 2Key 3Key 4Key 5
GDP (12 points)
Unemployment (10 points)
Inflation (10 points)
Fiscal Policy (12 points)
Monterrey Policy (16 points)
Totals
Minimum word requirements, and Grammar (5 points)
Use of at least one outside source (5 points)
Grade
NumberKEY CONCEPTSDefinedUsed Correctly
1Measuring GDP
2Public Transfer Payments
3Real GDP
4Business Cycles
5Measuring Unemployment
6Types of Unemployment
7Full Employment
8Measuring Inflation
9Demand Pull Inflation
10COLAS
11Expansionary & Contractionary Fiscal Policy
12Automatic Stabilizer
13Crowding Out Effect
14Lag Time
15Fractional Banking System
16Reserve Ratio
17Open Market Operations
18Money Multiplier
19Discount Rate
20Term Auction Faculty
- 10 years ago
- 20
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