analyze macroeconomic indicators

Project Description:

project description
project introduction:
the project will require you to collect economic indicators for the most recent year and analyze
them. you will then discuss the strengths and weaknesses of using gdp to measure economic
activity.
course objectives tested:
1. explain key macroeconomic terminology.
2. apply supply and demand theory to analyze product, money, and foreign exchange
markets.
3. create and use economic graphs and numerical models to analyze and propose
solutions for macroeconomic problems.
4. evaluate the health of the u.s. macroeconomy in terms of key economic measures.
5. analyze unemployment, inflation, and economic growth.
6. compare and contrast the classical and keynesian macroeconomic models.
7. evaluate discretionary actions the government takes to achieve national economic goals
using fiscal and monetary policy.
8. outline the fundamental functions of money, rationalize the existence of banks, and
describe the functions and structure of banking.
9. identify and analyze the actions the federal reserve system can take to stabilize the
u.s. monetary and financial system.
10. describe the international dimensions of macroeconomic policy and the benefits of
international trade.
11. analyze the policies that lead to economic growth.
12. use the itt tech virtual library to research selected topics.
13. working within a group, make an oral and visual presentation of research findings.es2560: project
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project submission plan
project
part
description/requirements of project part evaluation criteria
1 analyze macroeconomic indicators
this part of the project is divided into two
sections, evaluation of u.s. economy and
comparison of u. s. economy with other
economies.
work with your group members to
perform the following tasks:
i. evaluation of u.s. economy
1. within your group, research the
itt tech virtual library or credible
government web sites for the four
macroeconomic indicators for the
u.s. for a period of 10 years
between 1970–present:
gdp—nominal and real
trade balance
personal income and spending
manufacturing and trade
inventories and sales
2. analyze the findings and comment
on the economic growth of the
u.s. during the period selected by
you. support your findings with
proper rationale and calculations,
wherever necessary. in your
evaluation criteria:
using the attached rubric, you'll be graded on the
following criteria:
criteria points
assigned
points
earned
did you correctly
address the question
in project part 1?
10%
did you share your
data with other
groups?
3%
did you use correct
grammar and
spelling?
2%es2560: project
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project
part
description/requirements of project part evaluation criteria
analysis, include the following:
explanation of why you choose
that period
application of the keynesian
equation
shares of consumption,
investment, and government
spending as a part of gdp. use
nominal gdp for these
calculations.
biggest contributor in gdp.
consumer price index (cpi) and
the gdp deflator using the
chain-type price index for gdp.
the inflation rate.
ii. comparison of u.s. economy with
other economies
choose three countries that are
considered “high income countries,”
three countries that are considered
“middle income countries,” and three
countries that are considered “low
income countries.” the united states
should be one of the “high income
countries” you choose.
for each of the nine countries
selected, find the following es2560: project
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project
part
description/requirements of project part evaluation criteria
data:
o real gdp per person
o adult literacy rate (total)
o life expectancy at birth
(total)
o infant mortality rate (per
1,000 live births)
o physicians (per 1,000
people)
o income share held by the
highest 10% of the
population
o income share held by the
lowest 10% of the
population
after collating the required data, answer
the following questions:
what was the level of inflation
during the time period relative to
the history of inflation in the
united states? what were the
driving factors behind this trend?
how does united states compare
to the other two countries you
chose in the high-income group,
middle-income group, and low income group?
Skills Required:
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Price Type: Negotiable

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