Title Page:
Name, class title, and date
Introduction
Here you will briefly summarize the situation and identify the macroeconomic issue(s) to be considered from the perspective of the organization/individual who is seeking your advice. (10 points)
· Macroeconomics Analysis- Relevant Macroeconomic Principles
Here you will be tasked to identify the variables that are relevant to the chosen scenario, and are critical in addressing the issue(s) in that case.
You will be expected to gather and present data on all the key macroeconomic principles that are relevant to this project
. These are:
·
Gross Domestic Product (GDP)
Here you will provide an overview of the trends in production (output) growth for the product or industry your report is addressing. Indicate the share of the industry you are studying in the economy’s GDP and the trends in change in this shares (is the industry expanding or contracting). Use graphs and tables to support your findings. (20 points)
·
Business Cycles, Unemployment, and Inflation
What is the impact of business cycles (periods of economic growth and/or recessions) on the industry in the scenario?
The effect of business cycles on employment/unemployment in the industry and the effect of inflation on the prices of the industry’s products. (20 points)
·
International - Comparative Advantage, Exchange Rates, Trade, Etc.
If applicable, what is the volume of export in the economy for your product? Is the economy a net exporter (exports more than imports) of this product? Discuss potential competition from foreign producers if any. Is the economy a net importer of this product? (20 points)
·
Monetary Policy and Interest Rates
Define monetary policy and discuss how (or if) interest rates affect the consumption in the chosen scenario. If this section is applicable, support your discussion with data that shows the relationship between variations in interest rates and variations consumption pattern (i.e. sales volume or demand) of the product or industry in the chosen scenario. (30 points)
·
Fiscal Policy and Unemployment
Define fiscal policy and discuss how recent fiscal policy has affected the industry in the chosen scenario (growth and employment), OR, how your industry impacts fiscal policy by adding to the government’s revenue (taxes) through employment. (30 points)
·
Demographics
This section shows geographic location/s where the industry of interest has potential based on current demographic facts. Be prepared to show the distribution of the industry you are researching by state, you can use parameters such as; share of employment of your industry in each state, number of producers by state, and share of demand by state.
Basically, how many producers in each state? How many people do those producers employ? And which locations (urban, rural, or particular regions) the industry/businesses are more concentrated? (10 points)
· Recommendations and Economic Justification
Formulate and present your recommendations for addressing the issue(s) based on the relevant data and economic principles identified above. Justify your recommendations in terms of the economic impact on those affected. (40 points)
· References
List the full references for at least five sources alphabetically in APA format.