Assignment principles of economics

Week 6 Paper Outline and Rubric

Write 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
Paragraph	Included	Key 1	Key 2	Key 3	Key 4	Key 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

Number	KEY CONCEPTS	Defined	Used Correctly
1	Measuring GDP
2	Public Transfer Payments
3	Real GDP
4	Business Cycles
5	Measuring Unemployment
6	Types of Unemployment
7	Full Employment
8	Measuring Inflation
9	Demand Pull Inflation
10	COLAS
11	Expansionary & Contractionary Fiscal Policy
12	Automatic Stabilizer
13	Crowding Out Effect
14	Lag Time
15	Fractional Banking System
16	Reserve Ratio
17	Open Market Operations
18	Money Multiplier
19	Discount Rate
20	Term Auction Faculty

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