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ECON545
Paper Project 2
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The
Macroeconomic Paper tests your ability to apply economic principles to a
business decision considering the impact of macroeconomic variables. Select one
situation from the items outlined below: A to D. Complete the paper on the
selected situation as specified below. The completed paper is a professional
report and is due in Week 6 (180 points). See the grading rubric at the end of
this document. Be sure to use the DeVry library to find data, and avoid
questionable sources, such as Wikipedia.
Each
of the scenarios has a list of macroeconomic areas you are to address, with
sources, in your answer. Briefly, you are to research and show how these apply
to your scenario: GDP growth rate (20 points), the business cycle,
unemployment, and inflation(40 points), fiscal policy and level of unemployment
(30 points), monetary policy and interest rates (30 points), and demographics (10
points).
Situation
A
Rick,
your friend, runs a small manufacturing plant that produces parts for the auto
industry. Rick is thinking of expanding his operations to meet the increasing
demand from car manufacturers. Hearing of your taking this course in business
economics, he asks you for advice on how to go about making the expansion
decision.
You
realize that Rick needs to take a number of macroeconomic variables into
consideration for the expansion decision. You decide to research the economy in
terms of GDP growth rate, interest rates, level of unemployment, the business
cycle, fiscal policy, monetary policy, international trade, and demographics. You
want to provide Rick with the most informed advice possible.
Situation
B
Your
neighbor Cindy wants to start a contracting business for installing solar
panels. She has heard of the cost savings that households and businesses can
make each year by installing solar panels on their roofs. Cindy has also heard
of government incentives for installing solar panels. Being concerned about the
environment and wishing to reduce pollution, Cindy thinks installing solar
panels also serves a good social purpose. But she does not want to risk her
life savings on a venture that might not succeed or become profitable enough.
After hearing from you about taking this course in business economics, she
decides to ask you for advice.
You
realize there are more pieces to the decision than Cindy is considering. You
decide to research the economyin terms of GDP growth rate, interest rates,
level of unemployment, the business cycle, fiscal policy, monetary policy,
international trade, and demographics. You want to provide Cindy with the most
informed advice possible.
Situation
C
Cousin
Edgar is always thinking of the next business idea. This time, he plans to
invest in buying four gas stations. He reckons American consumers have come to
accept the high gasoline prices, and estimates world prices for gasoline to
increase even further with high demand from India and China. Besides, Cousin
Edgar thinks he will make a good profit on the sale of convenience items at
each station. But before buying the gas stations, he decides to ask for your
advice because you are taking this course in business economics.
Cousin
Edgar needs financing for his new business,but you realize there are more
macroeconomic factors he needs to consider in timing his decision. You decide
to research the economy in terms of GDP growth rate, interest rates, level of
unemployment, the business cycle, fiscal policy, monetary policy, international
trade, and demographics. You want to provide Cousin Edgar with the most
informed advice possible.
Situation
D
After
hearing of you taking this course in business economics, Uncle Dan has e-mailed
you asking for advice on his 100-acre corn farm. He mentioned how, after 30
years of growing corn, he wishes to leave that commodityâs market and enter a
more profitable market instead. He is thinking of subdividing his land and building
homes and shops. He reckons he could make a good profit by selling the homes
and renting the shops.
Recognizing
the costs and risks for Uncle Dan in making the switch, you decide to research
the economy in terms of GDP growth rate, interest rates, level of unemployment,
the business cycle, fiscal policy, monetary policy, international trade, and
demographics. You decide to educate yourself about macroeconomics so that you
can provide Uncle Dan with the most informed advice possible.
Macroeconomic Paper as a
Professional Report
Your paper should be
organized into five parts as listed below.
1.
Title Page: Name, class, and
date
2.
Introduction to situation but
do NOT copy the scenario.Briefly summarize the situation and identify
the macroeconomic issue(s) to be decided from the perspective of the
organization.
3.
Business cycles, unemployment,
inflation, internationalâcomparative advantage, exchange rates, trade, etc., monetary
policy and interest rates, and fiscal policy and unemployment.Identify the variables that
are critical in addressing the issue(s). Gather and present the relevant data
on the variables by searching the DeVry Online Library. Ask a librarian for
help if needed. Use in-text citation to report the source(s) of the data.
Graphs may be included here.
4. Recommendations and Economic Justification
Formulate and present your recommendations for
addressing the issue(s) based on the relevant data and economic principles
identified above. Justify your recommendations in terms of the economic impact
on those affected.
5. References
List the full references for at least five
sources alphabetically in APA format.
Grading Rubric
Section
Points earned
Points
Description
Paper
Presentation
10
Good format,
citations, lack of spelling errors, etc.
Correct title
page and reference page
Relevant Data:
GDP, Business
Cycle, International, Monetary Policy, Fiscal Policy, Demographics
130
GDP (20 points)
Business cycles, unemployment,
inflation (40 points)
Monetary Policy
and interest rates (30 points)
Fiscal policy and
unemployment (30 points)
Demographics (10
points)
Recommendations
40
What are your
recommendations explained by your analysis?
Total
180
A quality paper meets or exceeds these
requirements
