macroeconomics

BCO124 Macroeconomics Task brief & rubrics

Professor: Nelson Ferreira

Final Final timed-assignment: BRICS & catchup effect; financial institutions

Task

Please briefly answer the theoretical questions below based on the content from Unit 5 to 8, presenting examples that support your assumptions. You are

expected to complete your answer with demonstrable research. OECD reports and published statistics can be used as main source of secondary data.

A. (35%) With reference to the theories and practice covered content from Unit 5, explain the economic developments in one country of your choice.

You must choose ONE country and consider the concepts below for your report:

• Aggregated demand and supply, and the shifts on AD/AS curves

• Economic cycles

• Short run vs long run

• Fiscal Policy

• Government spending; deficits and debt

• The multiplier effect

• The crowding-out effect

B. (65 %) Considering the topics discussed in Units 6, 7 & 8, write a brief essay about the role of the monetary system for dealing with the impact of COVID 19 in a country of your choice. Please note that you must consider the concepts of ‘Money growth’, ‘national debt’, ‘circle of income’ and ‘inflation’, and also the outcomes of being under an open economy

Formalities:

• Wordcount: 1000-1500 words

• Cover, Table of Contents, References and Appendix are excluded of the total wordcount.

• Font: Arial 12,5 pts.

• Text alignment: Justified.

• The in-text References and the Bibliography must follow Harvard’s citation style.

• Only word or Pdf formats are accepted.

Outcomes: This task assesses the following learning outcomes:

• 1: Understand the relationship between economic theory and real macroeconomic scenarios

• 2: consider theories and institutions effects’ on the socio-economic environment.

• 3: Demonstrate an understanding of economic decision-making of different actors.

• 4: Evaluate real life situations with practical application of the acquired tools and knowledge.

• 5: understand the role of financial institutions of open economies.

• 6: be able to describe the consequences of a crises.

• 7: understand the mechanisms enrolled on macroeconomic decision making.

Submission: Week 12 – Via Moodle (Turnitin) until Sunday 2nd May 2021 at 23:59 CEST.

Weight: This task is a 45% of your total grade for this subject.

Rubrics

Exceptional 90-100 Good 80-89 Fair 70-79 Marginal fail 60-69

Knowledge & Understanding

(20%)

Student demonstrates excellent understanding of key concepts on macroeconomics and uses vocabulary in an entirely appropriate manner.

Student demonstrates good understanding of the task and mentions some relevant concepts on macroeconomics and demonstrates use of the relevant vocabulary.

Student understands the task and provides minimum theory and/or some use of vocabulary on macroeconomics.

Student understands the task and attempts to answer the question but does not mention key concepts or uses minimum amount of relevant vocabulary on macroeconomics.

Application (30%) Student applies fully relevant knowledge from the topics delivered in class to real economic scenarios

Student applies mostly relevant knowledge from the topics delivered in class to real economic scenarios.

Student applies some relevant knowledge from the topics delivered in class to real economic scenarios. Some misunderstanding is also evident.

Student applies little relevant knowledge from the topics delivered in class to real economic scenarios. Misunderstands are evident.

Critical Thinking (30%)

Student critically assesses in excellent ways, drawing outstanding conclusions from relevant examples

Student critically assesses in good ways, drawing conclusions from relevant examples.

Student provides some insights but stays on the surface of the topic. References may not be relevant.

Student makes little or none critical thinking insights, does not quote appropriate authors, and does not provide valid sources.

Communication (20%)

Student communicates their ideas extremely clearly and concisely, respecting word count, grammar and spellcheck

Student communicates their ideas clearly and concisely, respecting word count, grammar and spellcheck

Student communicates their ideas with some clarity and concision. It may be slightly over or under the wordcount limit. Some misspelling errors may be evident.

Student communicates their ideas in a somewhat unclear and unconcise way. Does not reach or does exceed wordcount excessively and misspelling errors are evident.