Assignment 2: Final Report Due Week 10, worth 200 points This assignment is aligned to this course outcome:
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Apply macroeconomic concepts to current and personal economic events and decisions. In addition to writing about macroeconomic concepts, it’s equally important to be able to convey your understanding of these concepts by communicating them to others. In the workplace you might do this by writing briefs (like you did for Assignment 1), creating presentations, or writing reports for your manager or team.
This Final Report assignment will be a Word document (2-3 pages) that builds off your previous Economic Brief and selected industry.
For this assignment, you’ll examine at least one of the macroeconomic indicators or policies below within the context of the industry you have previously selected.
GDP growth • Unemployment rates • Inflation rates • Interest rates • International trade policy and issues related to trade balances, trade restrictions, etc. • Government fiscal policy and issues related to taxation, government spending, and budget deficits • FED (central bank) monetary policy and issues related to the FED’s mission to stabilize the economy Macroeconomic Resources for Industry and Economy These resources are available to help you find the size and growth rate of your industry in the U.S. economy and/or relative to GDP: • Real GDP – Click on Section 1, then table 1.1.6, (click on MODIFY to change the year range and frequency). Data is from Bureau of Economic Analysis (bea.gov).
% change in Real GDP – Click on Section 1, then table 1.1.1, (click on MODIFY to change the year range and frequency). Data is from Bureau of Economic Analysis (bea.gov).
GDP by Industry – Scroll down and click on “GDP by Industry”, then Click on “GDP by Industry (Q) (A)”. Select (Q) for Quarterly Data or (A) for Annual Data and then click on “Next Step”. This will provide data for 2008 to 2017. To change the year range, click on MODIFY and type in desired start and end years. Data is from Bureau of Economic Analysis (bea.gov).
% change in GDP by industry – Scroll down and Click on “Value Added by Industry”, then Click on “Percent Change in Chain-Type Quantity Indexes for GDP by Industry (Q) (A)”. Select (Q) for Quarterly Data or (A) for Annual Data and then Click on “Next Step”. This will provide data for 2008 to 2017. To change the year range, click on MODIFY and type in desired start and end years. Data is from Bureau of Economic Analysis (bea.gov).
