are banks special

ECO201 – Macroeconomics

Unit 5 Assignment: Are Banks Special?

Due: Sunday by 11:59 pm at the end of Unit 5.

Are banks special?

Most US banks are privately owned, profit-making organizations. Although they provide a

service just as many other businesses, banks differ because of their importance in the macro

economy. Policymakers have debated whether banks should be permitted to only do “banking

business”, or whether banks should be permitted to engage in other lines of business such as

selling insurance or buying and selling stocks and bonds. In this week’s assignment you will

address that premise through the following questions;

1. Provide a brief (one paragraph) overview of this week’s material.

2. What are the risks for the macro economy if a bank fails, that do not exist for other businesses?

3. If banks could participate in other lines of business, what benefits would there be for consumers?

3. Overall, discuss whether or not banks should be allowed to enter other lines of business.

Provide support for position from course and/or outside materials.

Your final product will be a paper that:

 Addresses each of the topic/questions above in total.

 Is APA fortatted.

 The body is to be 2 pages minimum.

The requirements for your assignment are:

1. Answer each question fully

2. Define the overall subject of each question.

3. Cite at least three (3) resources from this week’s materials.

Students: Be sure to read the criteria and review the grading rubric on the next page, by

which your paper/project will be evaluated, before you write, and again after you write.

Evaluation Rubric for Unit 5 Assignment

CRITERIA Deficient Proficient Exemplary Points

Earned

Overview of the

Topic 0-13 Points

Does not provide an

adequate overview

or is missing.

14-22 Points

Overview is

presented, though

may not be clear or

complete.

23-30 Points Overview is clearly

presented including

all criteria outlined

above.

Complete

Answers 0-11 Points Questions

unanswered and/or

poorly answered.

12-23 Points All questions

answered with 1-2

sentence inputs.

24-45 Points

All questions

answered with depth

and clarity.

References to

Course Materials 0-5 Points Less than 3

references, no

assimilation to the

questions.

6-10 Points 3 references,

minimal

assimilation to the

questions.

11-15 Points 4 or more references

and assimilations

show depth and

clarity.

APA Format 0-1 Point Format has errors

that impede

professional

presentation; and/or

APA not followed,

reference page

missing.

2-3 Points APA format and

reference page has

few errors that do

not impede

professional

presentation.

4-5 Points APA format and

reference page is

clear, professional,

and error free.

Writing Quality 0-1 Point More than 7 writing

errors, to include

spelling and

punctuation.

2-3 Points More than 4 writing

errors, to include

spelling and

punctuation.

4-5 Points No writing errors.

Total 100