Question details

Individual Assignment: Ten Principles of Economics and the Data of Macroeconomics
$ 15.00

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

ResourcesNational Bureau of Economic ResearchPrinciples 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.

In all written assignments,  Include the following in your paper:

*Cite all sources of information.

*Use graphs and or data tables to illustrat key ecoonomic points.

*Use headings and subheadings to allow focus on key areas being addressed.

*Include a conclusion section.

 

Individual Assignment: Ten Principles of Economics and the Data of Macroeconomics

 

Resources Required

 

National Bureau of Economic Research

http://www.nber.org/links/gov.html

 

Grading Guide

 

Content

 

Met

 

Partially Met

Not Met

 

Comments:

Student explains how economists are both scientists and policymakers and what principles society uses to allocate it scarce resources.

x

 

 

 Excellent job of meeting the requirements of the assignment!!!!

 

Student explains the flow of money and goods in an economy using the circular flow model.

x

 

 

Excellent job of meeting the requirements of the assignment!!!!

 

Student explains how market forces of supply and demand coordinate societies independent their economic actors.

 

x

 

Well done job of meeting the assignment requirements, but additional information is needed on how supply and demand coordinates the actors.

 

Student explains how a country’s gross domestic product (GDP) is defined and calculated.

x

 

 

Excellent job of meeting the requirements of the assignment!!!!

 

Student explains how the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living.

 

x

 

Well done job of meeting the assignment requirements, but additional information is needed on how the CPI is calcualted!

 

The paper is 875 words in length.

 

 

 

 

 

 

Total Available

Total Earned

 

 

 

9

8.6/X

Outstanding work!

Writing Guidelines

 

Met

 

Partially Met

Not Met

 

Comments:

The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelinesand meets course-level requirements.

 

x

 

In formal assignments, answer rather than ask questions with your own personal commentary.

 

Intellectual property is recognized with in-text citations and a reference page.

x

 

 

Well done job of meeting the basic requirements of the assignment!

 

Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper.

x

 

 

Well done job of meeting the basic requirements of the assignment!

 

Sentences are complete, clear, and concise.

x

 

 

Well done job of meeting the basic requirements of the assignment!

 

Rules of grammar and usage are followed including spelling and punctuation.

x

 

 

Well done job of meeting the basic requirements of the assignment!

 

 

 

Total Available

Total Earned

 

 

 

3

2.9/X

 

Assignment Total

#

12

11.5/X

 

Additional comments:

 

Bast, my complements on an excellent paper addressing all of the economic requirements of the assignment-outstanding work!!! Please see the comments above, but very well done!

 

 

 

 

 

Rated A+

Available solutions