ECO 360 Intermediate Macroeconomics Assignment
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
ECO 360 Intermediate Macroeconomics Assignment
2020 Fall
Deadline: Saturday May 16, 11:59 EST
Instruction:
• There are 3 questions.
• Read the requirement of each question carefully. You will lose
credit if you failed to follow the requirements.
• Write your answers in one file in a well-organized way. The format
should be 12-point Times New Roman font, single-line spacing,
normal margins and justified text alignment.
• Please submit a Word or PDF file on Blackboard before the
deadline. DO NOT write your answers on paper and submit a
picture/photo. That will NOT be accepted! Late submission will
NOT be accepted either!
• Do not commit plagiarism!
ECO 360 Intermediate Macroeconomics Assignment Questions
1. The pandemic outbreak hit the US economy since March. Find
how the major economic variables changed in the first quarter.
These variables may include unemployment rate, real GDP per
capita, inflation, real interest rate, money velocity, stock price
index, and other variables that you think can reflect financial
markets and macroeconomic conditions.
Hint: You can use the FRED economic data from Fed St. Louis.
Notice that these data series may have different frequencies. If it’s
quarterly or monthly data, show the change in a table. If it’s
weekly or daily, show with a graph. If there are many, you should
always use the one with higher frequency. In addition, you should
also describe with brief words about what are the changes to these
variables.
2. Summarize the policy responses of the Fed since March 3rd until
the end of April. What are the policy changes in conventional
monetary policy (e.g. federal funds rate, discount rate, interest
rates on reserves, etc.), and in unconventional monetary policy
(e.g. liquidity facilities, paycheck protection programs, etc.)?
Hint: You can find the information on the Federal Reserves’
website in the press release. To make it more readable, organize
your answer with bullets points and concise words. You should
also mention the date when the policy was announced. Copy and
paste will result in zero credit for this question!!!
3. For this part, you should use the theories and models we studied in
this course to analyze the current crisis.
a. What do you think are the reasons of the change in money
velocity based on your answer in question 1? Specify the
theory you use that supports your argument.
b. What is the type of the pandemic shock? Use the AD-AS
framework to show what is the impact on short-run and longrun
equilibria. Is it consistent with what you find from data in
question 1?
c. What are the aims of the Fed’s monetary policy responses as
you summarized in question 2? How do these responses help
smooth the fluctuations in the short run?
d. Given the current level of the federal funds rate, what type of
monetary policy (conventional or unconventional) do you
expect the Fed to use if the recession gets deeper in the
future? Why?
Hint: You should explain using the AD-AS model and
demonstrate with graphs and brief words for part b to d.
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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