For Trevian

ES2560: Project

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PROJECT DESCRIPTION

Project Introduction:

The project will require you to collect economic indicators for the most recent year and analyze

them. You will then discuss the strengths and weaknesses of using GDP to measure economic

activity.

Course Objectives Tested:

1. Explain key macroeconomic terminology.

2. Apply supply and demand theory to analyze product, money, and foreign exchange

markets.

3. Create and use economic graphs and numerical models to analyze and propose

solutions for macroeconomic problems.

4. Evaluate the health of the U.S. macroeconomy in terms of key economic measures.

5. Analyze unemployment, inflation, and economic growth.

6. Compare and contrast the classical and Keynesian macroeconomic models.

7. Evaluate discretionary actions the government takes to achieve national economic goals

using fiscal and monetary policy.

8. Outline the fundamental functions of money, rationalize the existence of banks, and

describe the functions and structure of banking.

9. Identify and analyze the actions the Federal Reserve System can take to stabilize the

U.S. monetary and financial system.

10. Describe the international dimensions of macroeconomic policy and the benefits of

international trade.

11. Analyze the policies that lead to economic growth.

12. Use the ITT Tech Virtual Library to research selected topics.

13. Working within a group, make an oral and visual presentation of research findings.

ES2560: Project

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PROJECT SUBMISSION P LAN

Project

Part Description/Requirements of Project Part Evaluation Criteria

1 Analyze Macroeconomic Indicators

This part of the project is divided into two

sections, evaluation of U.S. economy and

comparison of U. S. economy with other

economies.

Work with your group members to

perform the following tasks:

I. Evaluation of U.S. Economy

1. Within your group, research the

ITT Tech Virtual Library or credible

government Web sites for the four

macroeconomic indicators for the

U.S. for a period of 10 years

between 1970–present:

GDP—nominal and real

Trade Balance

Personal Income and Spending

Manufacturing and Trade

Inventories and Sales

2. Analyze the findings and comment

on the economic growth of the

U.S. during the period selected by

you. Support your findings with

proper rationale and calculations,

wherever necessary. In your

Evaluation Criteria:

Using the attached rubric, you'll be graded on the

following criteria:

Criteria Points

Assigned

Points

Earned

Did you correctly

address the question

in Project Part 1?

10%

Did you share your

data with other

groups?

3%

Did you use correct

grammar and

spelling?

2%

ES2560: Project

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Project

Part Description/Requirements of Project Part Evaluation Criteria

analysis, include the following:

Explanation of why you choose

that period

Application of the Keynesian

equation

Shares of consumption,

investment, and government

spending as a part of GDP. Use

nominal GDP for these

calculations.

Biggest contributor in GDP.

Consumer price index (CPI) and

the GDP deflator using the

chain-type price index for GDP.

The inflation rate.

II. Comparison of U.S. Economy with

Other Economies

Choose three countries that are

considered “High Income Countries,”

three countries that are considered

“Middle Income Countries,” and three

countries that are considered “Low

Income Countries.” The United States

should be one of the “High Income

Countries” you choose.

For each of the nine countries

selected, find the following

ES2560: Project

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Project

Part Description/Requirements of Project Part Evaluation Criteria

data:

o Real GDP per person

o Adult literacy rate (total)

o Life expectancy at birth

(total)

o Infant mortality rate (per

1,000 live births)

o Physicians (per 1,000

people)

o Income share held by the

highest 10% of the

population

o Income share held by the

lowest 10% of the

population

After collating the required data, answer

the following questions:

What was the level of inflation

during the time period relative to

the history of inflation in the

United States? What were the

driving factors behind this trend?

How does United States compare

to the other two countries you

chose in the high-income group,

middle-income group, and low-

income group?

ES2560: Project

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Project

Part Description/Requirements of Project Part Evaluation Criteria

In which measures does the United

States compare poorly against

other countries and in which does

it fare better?

In general, what is the relationship

between real GDP and other

measures of well-being?

Is real GDP a reasonable measure

of standard of living? Why or why

not?

Collaborate with your group to prepare a

PowerPoint presentation that shows all

calculations/analyses leading to a

conclusion about macroeconomic

indicators in the U.S. and its comparison

with other economies. Your

presentation should include answers to

the questions asked in the above two

sections. Remember to adhere to APA

guidelines, standards, and formatting.

Submission Requirements:

Submit your PowerPoint presentation to

your instructor for evaluation. Your

presentation should contain at least 10

slides containing all required information.

ES2560: Project

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Project

Part Description/Requirements of Project Part Evaluation Criteria

Assigned: Week 2

Due: Week 7

Grading Weight: 15%

2 The Final Paper

Perform the following tasks:

1. Update your PPT based on the

feedback shared by the instructor

in Week 8.

2. Add presentation comments in the

Notes section of the PPT.

Submission Requirements:

Submit the final PPT by the end of Week

10.

Assigned: Week 8

Due: Week 10

Grading Weight: 5%

Evaluation Criteria:

Using the attached rubric, you'll be graded on the

following criteria:

Criteria Points

Assigned

Points

Earned

Did you correctly

address the question

in Project Part 1?

4%

Did you use correct

grammar and

spelling?

1%

(End of Project Description)