Micro-economics Assignment | Get Homework Help
| Complete a research project that demonstrates your understanding of the micro-economic functioning of the U. S. economy. Present your research in a report formatted in MLA style, 1.5 spaced, 12-point Times New Roman font, a minimum of 3 references sited. It should take at least four pages to cover the material. |
ECON 2313
Research Project
In addition to the learning outcomes for the course, ASUN expects students to be able to express ideas, knowledge, and concepts in a clear and concise manner on a collegiate level and to be able to apply reasoning skills as demonstrated by problem-solving and utilization of applied knowledge.
Complete a research project that demonstrates your understanding of the micro-economic functioning of the U. S. economy. Present your research in a report formatted in MLA style, 1.5 spaced, 12-point Times New Roman font, a minimum of 3 references sited. It should take at least four pages to cover the material.
The elements of your presentation are as follows:
- An overview of Competition and the Invisible Hand, imperfections in markets and public policy responses to economic downturns.
- Research and read reliable economic journalsor papers over two U.S. recessions and the impact of institutions, public policies, and regulations during these timeframes. (One event has to be the 2007-2008 U.S. Recession (Great Recession) and the other can be your choice).
- Comparison of Events: What was the extent of economic decline in each of the two events? Discuss in terms of GDP, unemployment, and other major economic variables.
- Government Reactions:Compare changes in the government reactions to the initial shocks to the economy and the initial adjustments to the regulation of business and financial institutions.
- Effects on Business Decision Making: Compare the effects of the shocks on the economy to business decision making in the public sphere during the relevant time periods.
- Analyze the influences of changing economic conditions on economic thinking historically and today.
- Discuss some of the strategic behaviors of companies during these time periods?
- What were some of the limitations or successes during these time periods?
- Discuss the role of economic thinking in making policy choices?
GRADING RUBRIC
| Elements | Exemplary | Proficient | Needs Improvement | Not Evident | Total |
| Overview of Competition and the Invisible Hand | Submission meets “Proficient” criteria and demonstrates particular insight into economic variables and terminology | Submission introduces and accurately addresses the information, use of appropriate terminology | Submission briefly highlights key points but does not provide a validated information. | Submission does not provide any overview of information. | |
| Overview of Market Imperfections | Submission meets “Proficient” criteria and demonstrates particular insight into economic variables and terminology | Submission introduces and accurately addresses the information, use of appropriate terminology | Submission briefly highlights key points but does not provide a validated information. | Submission does not provide any overview of information. | |
| Overview of Economics of Public Policy | Submission meets “Proficient” criteria and demonstrates particular insight into economic variables and terminology | Submission introduces and accurately addresses the information, use of appropriate terminology | Submission briefly highlights key points but does not provide a validated information. | Submission does not provide any overview of information. | |
| Comparison of Events | Submission meets “Proficient” criteria and demonstrates particular insight into economic variables and terminology | Submission introduces and accurately addresses the major similarities and differences of events, use of appropriate terminology, and using appropriate research sources | Submission briefly highlights key points of events but does not provide a validated comparison and contract of events | Submission does not provide a comparison of events. | |
| Government Reactions | Submission meets “Proficient” criteria and includes key economics concepts that enrich and extend the analysis | Submission provides a well-supported comparison of the government reactions in the time periods and resulting regulatory changes | Submission does not provide a logical or supported comparison of the government reactions and regulations in the time periods | Submission does not address government reactions and/or resulting regulations | |
| Effects of Business Decision Making | Submission meets “Proficient” criteria and includes key economics concepts that enrich and extend the analysis | Submission provides a well-supported, logical discussion of the effects on business decision-making during the time periods | Submission does not provide support for claims or presents gaps in logic | Submission does not address the effects on business decision-making during the time periods | |
| Analysis of Information | Submission meets “Proficient” criteria and provides an insightful analysis to the importance of quantitative analysis through tables, graphs, equations, and/or models | Submission accurately and appropriately integrates tables, graphs, equations, and/or models that support the analysis | Submission provides an inappropriate table, graph, equation, and/or model, or does not discuss its importance to the analysis | Submission does not provide a table, graph, equation, and/or model | |
| Economic Thinking | Submission meets “Proficient” criteria and extends discussion into today’s economic conditions for businesses | Submission provides a well-supported analysis, using relevant examples of how economic thinking influences business organizations | Submission briefly or inaccurately discusses key economic principles as they relate to business organization | Submission does not provide a discussion of the role of economic thinking and business organizations |
