Purpose
This assignment is intended to help you learn to do the following:
Describe how productivity increases growth.
Explain how government policy affects growth.
Identify the major tools of macro policy and how they are used to correct market outcomes.
Summarize the track record of macro outcomes.
Describe major impediments to policy success.
OVERVIEW
Review the section of your text that covers economic theory and policy changes. In addition, find and read two recent articles on this topic. Write a 500-750 word (approximately 2 to 3 page) paper that addresses these questions:
What are the differences between the economic theories and the reality of policy implementation?
How have market outcomes changed over time as a result of the policies?
Support your conclusions with the findings from the articles and the textbook as well as any other sources you would like to use. Format the paper according to General APA Guidelines. You do not need to include an abstract but you must include a title page and a references page. These pages are not included in your word/page count.
ACTION ITEMS
Read the assignment rubric.
Write your paper according to the directions in the assignment overview.
Submit the completed first draft of your assignment. Your work will automatically be checked by Turnitin.
Access your Turnitin report by reviewing your Submission Details for this assignment. Revise your work as needed based on the feedback.
By the due date indicated, re-submit the final version of your work.
Rubric
Papers
Papers
CriteriaRatingsPts
This criterion is linked to a Learning Outcome Completeness
20 to >15.0 ptsProficient
All required elements are included, addressed thoroughly, yet succinctly.
15 to >13.0 ptsAcceptable
All required elements are included, addressed with adequate breadth/depth.
13 to >0 ptsUnacceptable
Required elements are missing or not addressed with appropriate breadth/depth.
20 pts
This criterion is linked to a Learning Outcome Understanding
20 to >15.0 ptsProficient
Incorporates information from the reading effectively and accurately. Shows mastery of all relevant macroeconomics concepts.
15 to >13.0 ptsAcceptable
Incorporates information from the reading effectively and accurately, with minor errors or omissions. Shows adequate understanding of macroeconomics concepts.
13 to >0 ptsUnacceptable
Does not incorporate information from the reading or attempts are vague, incorrect. Shows little or no understanding of macroeconomics concepts.
20 pts
This criterion is linked to a Learning Outcome Analysis
15 to >12.0 ptsProficient
Opinions are supported with logical reasoning and well-chosen evidence.
12 to >11.0 ptsAcceptable
Supports opinions with adequate reasoning and evidence.
11 to >0 ptsUnacceptable
Opinions not supported by reasoning or evidence.
15 pts
This criterion is linked to a Learning Outcome Effective Communication
5 to >4.0 ptsProficient
Meaning is exceptionally clear throughout. Logical organization of ideas throughout.
4 to >3.0 ptsAcceptable
Meaning is easy to understand in most parts. Logical organization of most ideas.
3 to >0 ptsUnacceptable
Unclear, hard to understanding intended meaning. Ideas are not well organized.
5 pts
Total Points: 60
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