C11E Macroeconomics, ASSIGNMENT 04

C11E Macroeconomics

Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the "Assignment Format" page located on the Course Home page for specific format requirements.

Part A

1. Describe three (3) ways we can use macroeconomic analysis, with one (1) original example for each way.

2. You are running a small yard maintenance business for the summer. What do you expect to happen to the number of yards you can maintain in a day as you add workers if you don't purchase more capital equipment (like mowers and leaf blowers)? Provide at least two (2) supporting facts to support your response.

Part B

1. Using the real business cycle theory, explain two (2) effects of an adverse technological shock on the labor market and on the output market.

2. Suppose you were interested in increasing technological progress in your country. Suggest two (2) ways to do this.

Grading Rubric

Please refer to the rubric on the next page for the grading criteria for this assignment.

CATEGORYExemplarySatisfactoryUnsatisfactoryUnacceptable

5 points 4 points 3 points 2 points

Student provides a clear,

logical description of at least

3 ways that macroeconomic

analysis can be used.

Student provides a mostly

clear, logical description of 2-

3 ways that macroeconomic

analysis can be used.

Student provides a weak or

unclear description of 1-2

ways that macroeconomic

analysis can be used.

Student provides a poor

description of 1 way that

macroeconomic analysis

can be used.

15 points 12 points 8 points 5 points

Student provides at least 1

clear, logical example for

each of the 3 ways

macroeconomic analysis can

be used.

Student provides at least 1

mostly clear, logical

example for 2-3 of the ways

macroeconomic analysis can

be used.

Student provides at least 1

weak or unclear example

for 1-2 of the ways

macroeconomic analysis can

be used.

Student provides at least 1

poor example for 1 of the

ways macroeconomic

analysis can be used.

15 points 12 points 8 points 5 points

Student provides a clear

logical description of what

will happen to the number of

yards he or she can maintain

in a day as he or she add

workers if he or she does not

purchase more capital

equipment, with at least 2

clear, logical supporting

facts.

Student provides a mostly

clear logical description of

what will happen to the

number of yards he or she

can maintain in a day as he

or she add workers if he or

she does not purchase more

capital equipment, with 1-2

mostly clear, logical

supporting facts.

Student provides a weak or

unclear description of what

will happen to the number

of yards he or she can

maintain in a day as he or

she add workers if he or she

does not purchase more

capital equipment, with 1-2

weak or unclear supporting

facts.

Student provides a poor

description of what will

happen to the number of

yards he or she can

maintain in a day as he or

she add workers if he or

she does not purchase

more capital equipment,

with 1-2 poor supporting

facts.

20 points 15 points 10 points 5 points

Student provides a clear,

logical description of at least

2 effects of an adverse

technological shock on the

labor market and on the

output market.

Student provides a mostly

clear, logical description of

1-2 effects of an adverse

technological shock on the

labor market and on the

output market.

Student provides a weak or

unclear description of 1-2

effects of an adverse

technological shock on the

labor market and on the

output market.

Student provides a poor

description of 1-2 effects

of an adverse

technological shock on the

labor market and on the

output market.

15 points 12 points 8 points 5 points

Student provides a clear,

logical description of at least

2 ways to increase

technological progress in his

or her country.

Student provides a mostly

clear, logical description of 1-

2 ways to increase

technological progress in his

or her country.

Student provides a weak or

unclear description of 1-2

ways to increase

technological progress in

his or her country.

Student provides a poor

description of 1-2 ways to

increase technological

progress in his or her

country.

20 points 15 points 10 points 5 points

Student makes no errors in

grammar or spelling that

distract the reader from the

content.

Student makes 1-2 errors in

grammar or spelling that

distract the reader from the

content.

Student makes 3-4 errors in

grammar or spelling that

distract the reader from the

content.

Student makes more than

4 errors in grammar or

spelling that distract the

reader from the content.

10 points 8 points 5 points 2 points

The paper is written in

proper format. All sources

used for quotes and facts are

credible and cited correctly.

The paper is written in

proper format with only 1-2

errors. All sources used for

quotes and facts are credible

and most are cited correctly.

The paper is written in

proper format with only 3-5

errors. Most sources used

for quotes and facts are

credible and cited correctly.

The paper is not written in

proper format. Many

sources used for quotes

and facts are less than

credible (suspect) and/or

are not cited correctly.

Format (10 points)

Part A: Capital

equipment (15

points)

Part B: Real

business cycle

theory (20 Points)

Mechanics (20

points)

Part B: Increasing

technological

progress (15 points)

Part A:

Macroeconomic

analysis -

description (5

points)

Part A:

Macroeconomic

analysis - examples

(15 points)