ECO/372 Principles of Macroeconomics Author: N. Gregory Mankiw

Assignments: Please follow the topics direction exactly how is written, also please obtain the economic book presented for ECO/372 and use APA format, these topics will be review through University of Phoenix plagiarism report. The power point needs to be follow sentences with the citation and at the end references and conclusion, also conclusion for the essays as well. Book name: Principles of Macroeconomics Author: N. Gregory Mankiw ISBN: 9781305727625 Topic 1 Purpose of Assignment The purpose of this is assignment is for students to review the basic principles of economics and the concepts of the circular flow model, showing the connectivity of society’s economic players and the flow of goods and money within an economy. Students will learn how society allocates its scarce resources and how economists are both scientists and policymakers. Students will define GDP and CPI and how they are calculated. Assignment Steps Resources: National Bureau of Economic Research; Principles of Macroeconomics: Ch. 1, 2, 3, 4, 5, 6, and 7 Scenario: Your organization’s CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing a report to introduce some of these thoughts and principles. Develop a 1,050-word report to the members of the strategic planning committee explaining the following information: How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources. Using the circular flow model, explain the flow of money and goods in an economy. How the economy coordinates society’s independent economic actors. A country’s gross domestic product (GDP) and how it is defined and calculated. How the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living. Format the assignment consistent with APA guidelines. Topic 2 Purpose of Assignment Students examine the long-run determinants of both the level and the growth rate of real GDP per person and the factors that determine the productivity of workers and what governments might do to improve the productivity of their citizens. Students will learn how saving and investment are coordinated by the loanable funds market and will see the effects of taxes and government deficits on saving, investment, the accumulation of capital, and ultimately, the growth rate of output. Students will be introduced to tools that people use when they participate in financial markets. Students will see how people compare different sums of money at different points in time, how they manage risk, and how these concepts combine to help determine the value of a financial asset, such as a share of stock. Students will be introduced to the labor market and how economists measure the performance of the labor market using unemployment statistics. Students will address a number of sources of unemployment and some policies that the government might use to lower certain types of unemployment. Assignment Steps Resources: National Bureau of Economic Research Scenario: The organization’s strategic plan calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. It is your team’s task to determine where, outside the United States, your organization should locate its new manufacturing plant. Write a 1,050-word report recommending an off-shore country and support your choice with the following data: The factors determining the country’s productivity How the country’s policies influence its productivity growth How the country’s financial system is related to key macroeconomic variables How your organization can reduce the risk they would face in relocating The current and projected unemployment over the next five years Cite a minimum of three peer-reviewed sources not including your textbook. Format the assignment consistent with APA guidelines. Topic 3 Purpose of Assignment Week 3 will help students develop an understanding of what money is, what forms money takes, how the banking system helps create money, and how the Federal Reserve controls the quantity of money. Students will learn how the quantity of money affects inflation and interest rates in the long run, and production and employment in the short run. Students will find that, in the long run, there is a strong relationship between the growth rate of money and inflation. Students will review the basic concepts macroeconomists use to study open economies and will address why a nation’s net exports must equal its net capital outflow. Students will demonstrate the relationship between the prices and quantities in the market for loanable funds and the prices and quantities in the market for foreign-currency exchange. Student will learn to analyze the impact of a variety of government policies on an economy’s exchange rate and trade balance. Assignment Steps Resources: National Bureau of Economic Research Develop a 2,100-word economic outlook forecast that includes the following: Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years. Discuss how government policies can influence economic growth. Analyze how monetary policy could influence the long-run behavior of price levels, inflation rates, costs, and other real or nominal variables. Describe how trade deficits or surpluses can influence the growth of productivity and GDP. Discuss the importance of the market for loanable funds and the market for foreign-currency exchange to the achievement of the strategic plan. Recommend, based on your above findings, whether the strategic plan can be achieved and provide support. Use a minimum of three peer-reviewed sources from the University Library. Format your paper consistent with APA guidelines. Topic 4 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. Assignment Steps Resources: National Bureau of Economic Research Select an organization your team is familiar with or an organization where a team member currently works. Create a 15- to 20-slide Microsoft® PowerPoint® presentation to present to the organization’s Executive Committee. Include the following items: 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. 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. Explain how monetary policy affects interest rates and aggregate demand. Analyze how fiscal policy affects interest rates and aggregate demand. Evaluate why policymakers face a short-run trade-off between inflation and unemployment. Evaluate why the inflation-unemployment trade-off disappears in the long run. Format your paper consistent with APA guidelines. PLEASE ADD CITATION AFTER THE SENTENCE AND MATCH AT THE END WITH REFERENCES AND CONCLUSION. Topic 5 Purpose of Assignment This week requires the student to address six unresolved issues in macroeconomics, each of which is central to current political debates. Students are required to use information and tools that they have accumulated in their study of the text and evaluate both sides of those issues, determine which side they can support for each issue, and defend their positions. Assignment Steps Select two subjects from the following list of topics and write a 1,050-word analysis: Active monetary and fiscal policy Increased government spending to fight recessions Reducing federal government’s discretionary powers Zero-inflation target Balanced government budget Tax incentives for saving Evaluate both the advocates’ position and the critics’ position. Determine which position you support and defend your position. Cite a minimum of three peer-reviewed sources not including your textbook. Format consistent with APA guidelines.

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