Influence of Economics on Household Decision Making
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ECO561r12_Influence_of_Economics_on_Household_Decision_Making_grading_guide_week1.doc|
Influence of Economics on Household Decision Making Grading Guide ECO/561 Version 12 |
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Influence of Economics on Household Decision Making Grading Guide
ECO/561 Version 12
Economics
Copyright
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Individual Assignment: Influence of Economics on Household Decision Making
Purpose of Assignment
To locate, retrieve and evaluate the effects of macroeconomic indicators on your own decision making.
Resources Required
Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products.
Grading Guide
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Content |
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Comments: |
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Retrieved statistics on Real Gross Domestic Product (GDP) and on Real Personal Consumption Expenditures (PCE) by year for the last ten years. Posted these statistics in a single worksheet of an Excel® workbook and submitted Excel® file with student’s report. Discussed the latest 10-year trends in both GDP and PCE. Also discussed how the trends in GDP compare with trends in PCE. |
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Retrieved statistics on the Effective Federal Funds Rate and on the Consumer Price Index: All Items Less Food and Energy by year for the last 30 years. Posted these statistics in a single worksheet of an Excel® workbook and submitted your Excel® file with student’s report. Discussed how the trends in the Effective Federal Funds Rate compare with trends in inflation. Answered these questions: · If student took out a loan to pay for their “big-ticket” purchase what was the interest rate on their loan? · Were interest rates rising or falling at that time? · Were interest rates relatively high or low at that time? |
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Discussed the influence of any Federal government or state government programs, such as tax credits or tax deductions for energy-saving/efficiency purchases, on student’s decision to make last big purchase; or if government incentives did not factor into decision, explained why not.
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Developed conclusions about the economy’s influence on personal and business decision-making relative to purchases of big-ticket items, investments, or other major purchases. |
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Cited a minimum of three peer-reviewed sources. Note: The Federal Reserve of St. Louis, the Bureau of Economic Analysis, and the Bureau of Labor Statistics can be cited to fulfill this requirement. |
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The analysis is a minimum of 1,050 words in length. |
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Total Available |
Total Earned |
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7 |
#/7 |
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Writing Guidelines |
Met |
Partially Met |
Not Met |
Comments: |
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The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. |
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Intellectual property is recognized with in-text citations and a reference page. |
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Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. |
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Sentences are complete, clear, and concise. |
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Rules of grammar and usage are followed including spelling and punctuation. |
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Total Available |
Total Earned |
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3 |
#/3 |
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Assignment Total |
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10 |
#/10 |
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Additional comments:
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