milestone one
Jambo
milestone_one__econom..rtfECO 620 Milestone One Guidelines and Rubric
Overview: The final project for this course is the creation of an econometrics analysis of a business, a policy, or an economic issue of your choice. The project is designed to guide you through the process of applying the key components of econometrics as introduced in this course.
Prompt: For this milestone, submit a paper on the research question, the literature review, and the data you will use for your final project. Specifically, the following critical elements must be addressed:
• Description
o What issue are you addressing? Why is your research question relevant?
o Identify the target audience(s) for your paper. Is each audience technical or nontechnical? For example, are they general readers, managers, or political decision makers? Why would your research be relevant for this audience?
• Literature Review
o What economic methods and techniques have been used to study this or a similar issue? How has the issue been addressed econometrically?
Were these methods and techniques the most appropriate for this study? Why or why not?
o What are the hypotheses you plan to test? How do they translate into empirical models?
• Data
o What data will you use in your empirical work? What is the source of your data? Why is this particular data set appropriate for the study?
o What type of data (summary statistics, scatter plots, etc.) was utilized in your study? What relationships can be gleaned by simple data screening? What are the implications of these relationships?
Guidelines for Submission: This submission should be two to three pages in length (in addition to the title page and references) and should use double spacing, 12-point Times New Roman font, one-inch margins, and citations in APA format.
Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions.
Rubric
Critical Elements
Exemplary (100)
Proficient (90)
Needs Improvement (70)
Not Evident (0)
Value
Description:
Meets "Proficient" criteria and
Outlines the issue in a clear
Outlines the issue and explains
Does not outline the issue or
10
Relevance
provides compelling examples to
manner, explaining how the topic
how the topic is relevant, but the
does not explain how the topic is
illustrate the relevance of the
is relevant to the study of
issue is vaguely defined or
relevant to the study of
issue
economics
explanation of why the issue is
economics
relevant to the study of
economics lacks in detail
Description:
Meets "Proficient" criteria and
Identifies the target audience(s),
Identifies the target audience(s)
Does not Identify the target
10
Target Audience(s)
provides implications that the
the associated level of expertise,
but fails to either identify the
audience(s)
choice of audience will have on
and why the research is relevant
level of expertise or why the
the structure of the paper
to each audience
research is relevant to each
audience
literature Review:
Meets "Proficient" criteria, and
Summarizes economic methods
Summarizes economic methods
Does not summarize economic
20
Methods and
summary is comprehensively
and techniques used and how
and techniques used and how
methods and techniques used or
Techniques
detailed
the methods were employed and
the methods were employed but
define how the methods were
evaluates the model's
does not evaluate the model's
employed
appropriateness
appropriateness, or the summary
does not adequately discuss the
main feature of the models
literature Review:
Meets "Proficient" criteria and
Clearly sets up testable
Sets up testable hypotheses but
Does not set up testable
15
Hypotheses
explains the translation by tying
hypotheses and explains how
does not explain how they
hypotheses
it back to the overall issue
they translate into empirical
translate into empirical models
models
Data: Source
Meets "Proficient" criteria and
Identifies the data and data
Identifies the data set but does
Does not identify the data set, or
20
discusses possible issues and
source to be used in the study
not provide background on the
the identified data set is not
biases in the data, based on the
and explains the appropriateness
data or does not explain the
usable
data source
of this data to this study
appropriateness of the data to
this study
Data: Relationships
Meets "Proficient" criteria and
Summarizes the data utilized in
Summarizes the data utilized in
Does not summarize the data
20
discusses what might be
the study, including the type of
the study, including the type of
utilized in the study
influencing the relationships
data, and details the
data, but does not detail the
observed and why these initial
relationships existing between
relationships existing between
findings might be misleading
main variables, as well as their
main variables or their
implications
implications
Articulation of
Submission is free of errors
Submission has no major errors
Submission has major errors
Submission has critical errors
5
Response
related to citations, grammar,
related to citations, grammar,
related to citations, grammar,
related to citations, grammar,
spelling, syntax, and organization
spelling, syntax, or organization
spelling, syntax, or organization
spelling, syntax, or organization
and is presented in a professional
that negatively impact readability
that prevent understanding of
and easy to read format
and articulation of main ideas
ideas
Earned Total
100
