ECON 221: Principles of MacroeconomicsState of the Economy Project

Paragraph 1: Give a brief overview of the economy. Is the economy improving or getting worse?Paragraph 2: How does the data support your assessment? Which statistics are you looking at and why?Paragraph 3: What do your news sources say about the economy? Do they data support their opinions (this may not necessarily be the case)?Paragraph 4: What government policies should be pursued? These can be specific (e.g. an increase in infrastructure spending) and also general (e.g. “discretionary fiscal expansion”).Paragraph 5: Write a brief conclusion about what you learned.
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ECON 221: Principles of Macroeconomics
State of the Economy Project
Description
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Write a brief (1-2) page report on the state of the economy.
Due date: December 7th
5% of your grade
It is expected that this report will be supported by economic data. I highly recommend using
the FRED app that we used in class.
Describe the current U.S. economy’s strengths AND weaknesses.
Support your argument with data or analyses from newspapers, magazines, etc., but keep in
mind the potential bias of your sources. Again, be sure to cite any sources.
Indicate what economic policies you think the government should pursue.
Grading
The paper is worth 20 points (note that in this class, it’s not the total points that’s important, but the
percentage of points you earn). You will get 5 points for turning a paper in. The other 15 points are
allocated according to the following standardized rubric:
Content Area:
Below Expectations
Meets Expectations
Exceeds Expectations
1. Empirical
Support
1
[Student did not provide
any economic data]
2
[Student provided at least four
economic measures to support
their belief of the State of the
Economy]
3
[Student provided more than four
economic measures to support their
belief of the State of the Economy]
2. Outside Support
1
[Student did not provide
any references, did not
provide other viewpoints]
2
[Student referenced at least 2
unbiased sources]
3
[Student referenced more than 2
unbiased sources
3. Policy
Recommendations.
1
[Student did not provide
any policy recs and/or
provided inappropriate
policy recommendations.]
2
[Student provided at least 2
appropriate policy
recommendations]
3
[Student provided more than 2
appropriate policy recommendations.]
4. Citations
FAILED
[Student did not cite
sources, violated Academic
Integrity policy]
5. Readability
1
[Excessive number of
sentence fragments,
awkward phrasing,
incoherent paper structure.]
3
[Student properly cited sources]
2
[Paper had a focus that was
coherent, less than 5 awkward
phrases and/or sentence fragments]
3
[Paper had focus and was free of any
sentence fragments or awkward
phrases]
I recommend using the following format:
Paragraph 1: Give a brief overview of the economy. Is the economy improving or getting worse?
Paragraph 2: How does the data support your assessment? Which statistics are you looking at and
why?
Paragraph 3: What do your news sources say about the economy? Do they data support their
opinions (this may not necessarily be the case)?
Paragraph 4: What government policies should be pursued? These can be specific (e.g. an increase
in infrastructure spending) and also general (e.g. “discretionary fiscal expansion”).
Paragraph 5: Write a brief conclusion about what you learned.

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