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Short-Run Economic Fluctuations Grading Guide

ECO/372 Version 10

Short-Run Economic Fluctuations Grading Guide

ECO/372 Version 10

Principles of Macroeconomics

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Learning Team Assignment: Short-Run Economic Fluctuations Purpose of Assignment Students will example the model economists use to analyze the economy’s short-run fluctuations—the model of aggregate demand and aggregate supply. Students will learn about some of the sources for shifts in the aggregate-demand curve and the aggregate-supply curve and how these shifts can cause fluctuations in output. Students will be introduced to actions policymakers might undertake to offset such fluctuations. Students will see why there is a temporary trade-off between inflation and unemployment, and why there is no permanent trade-off. Resources Required

National Bureau of Economic Research

Grading Guide

Content	Met	Partially Met	Not Met	Comments:
Students selected an organization the team is familiar with or an organization where a team member currently works.
Students identified the three key facts about short-run economic fluctuations and how the economy in the sort run differs from the economy in the long run.
Students explained economic fluctuations and how shifts in either aggregate demand or aggregate supply can cause booms and recessions using the model of aggregate demand and aggregate supply.
Students explained how monetary policy affects interest rates and aggregate demand.
Students analyzed how fiscal policy affects interest rates and aggregate demand.
Students evaluated why policymakers face a short-run trade-off between inflation and unemployment.
Students evaluated why the inflation-unemployment trade-off disappears in the long run.
Presentation consists of 15 to 20 slides and is appropriate for the audience.
The presentation includes relevant media and visual aids that are consistent with the content.
		Total Available	Total Earned
			#/7

Presentation Guidelines	Met	Partially Met	Not Met	Comments:
The presentation is laid out with effective use of headings, font styles, font sizes, and white space.
Intellectual property is recognized with in-text citations and a reference page.
The presentation includes an introduction and conclusion that preview and review major points.
Major points are stated clearly; are supported by specific details, examples, or analysis; and are organized logically.
Rules of grammar and usage are followed including spelling and punctuation.
		Total Available	Total Earned
			#/3

Assignment Total	#	10	#/10
Additional comments: