Phyllis Young-Short-Run Economic Fluctuations
Jaydee95
week4gradingrubric.docxShort-Run Economic Fluctuations Grading Guide
ECO/372 Version 9 1
Learning Team Assignment: Short-Run Economic Fluctuations
Purpose of Assignment
Students will example the model economists use to analyze the economy’s short-run fluctuations—the model of aggregate demand and aggregate supply. Students will learn about some of the sources for shifts in the aggregate-demand curve and the aggregate-supply curve and how these shifts can cause fluctuations in output. Students will be introduced to actions policymakers might undertake to offset such fluctuations. Students will see why there is a temporary trade-off between inflation and unemployment, and why there is no permanent trade-off.
Resources Required
National Bureau of Economic Research
http://www.nber.org/links/gov.html
Grading Guide
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Students select an organization the team is familiar with or an organization where a team member currently works. |
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Students identify the three key facts about short-run economic fluctuations and how the economy in the short run differs from the economy in the long run. |
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Students explain economic fluctuations and how shifts in either aggregate demand or aggregate supply can cause booms and recessions using the model of aggregate demand and aggregate supply. |
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Students explain how monetary policy affects interest rates and aggregate demand. |
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Students analyze how fiscal policy affects interest rates and aggregate demand. |
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Students evaluate why policymakers face a short-run trade-off between inflation and unemployment. |
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Students evaluate why the inflation-unemployment trade-off disappears in the long run. |
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Presentation consists of 15 to 20 slides and is appropriate for the audience. Speaker notes are required for each slide. |
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The presentation includes relevant media and/or visual aids on each slide that are consistent with the content. |
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9 |
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Presentation Guidelines |
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The presentation is laid out with effective use of headings, font styles, font sizes, and white space. (Font style, size and background are consistent throughout the entire presentation.) |
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Intellectual property is recognized with in-text citations and a reference slide. Minimum of three peer-reviewed references included. |
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The presentation includes an introduction and conclusion that preview and review major points. |
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Major points are stated clearly; are supported by specific details, examples, or analysis; and are organized logically. |
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Rules of grammar and usage are followed including spelling and punctuation. |
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Learning team includes a class activity with their presentation. The goal of the activity is to involve their classmates (audience) in their presentation. |
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Total Available |
Total Earned |
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6 |
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Assignment Total |
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15 |
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Additional comments:
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