ECO 202 Project Template

docx

School

Southern New Hampshire University *

*We aren’t endorsed by this school

Course

330

Subject

Economics

Date

Feb 20, 2024

Type

docx

Pages

Uploaded by ricesocials

ECO 202 Project Template Economic Summary Report [Throughout this template, replace the content in the bracketed text with your own responses, and delete any bracketed instructions, including these.] [The Table of Contents and Introduction sections of your report are provided and should remain standard in all submissions.] [The placeholders for your data visualizations (e.g., charts, graphs, and tables) should be replaced with the appropriate indicated images in each case. To create an isolated image from the simulation data, it is recommended that you use a snipping tool to copy and paste your data visualizations into this template. See How to Use the Snipping Tool (Beginner’s Guide) for more information if you use a PC. A captioned version of this video is available: How to Use the Snipping Tool (Beginner’s Guide) (CC) . Or, see Is There a Snipping Tool for Mac? ] Table of Contents 1. Introduction 2. Fiscal Policies: Taxation 3. Fiscal Policies: Government Expenditure 4. Monetary Policies 5. Global Context 6. Conclusions 7. References

Introduction For the benefit of the incoming administration, I submit this report to document, analyze, and interpret the macroeconomic policy decisions I made as the chief economic policy advisor of Econland. The purpose of this document is to further our national prosperity by deepening our understanding of the relationship between macroeconomic policies and their consequences for our citizens. The report includes a thorough accounting of the major fiscal and monetary policy decisions made over each of the seven years of my term, as well as an explanation of the underlying rationales for those decisions and the resulting impacts of those policies. Table 1.1 The table above summarizes the macroeconomic climate of Econland over my term. My overall approval rating in this activity averaged 73 points, which is considered high. This means that I could have done better, however, there was still growth in the economy and that the population is mostly satisfied with my decisions. Lower interest rates enable more individuals to take out loans. More individuals with money means that customers may spend more, which drives up inflation and promotes good economic growth. On the other hand, inflation results from excessive growth brought on by low interest rates. It is customary to raise interest rates in order to extend the inflation rate if that were to occur. Every year, my real GDP growth varied. Fiscal Policy: Taxation [Replace this area with an image of Table 1 from your simulation results.] Table 2.1 [Insert your responses to the following: Explain the intent of the taxation policy decisions you made of your seven-year term. What were the macroeconomic principles or models that influenced your decision making?] [Identify the impact of your changes to the income and corporate tax rates. How were consumption and investment affected by your tax policy decisions? Explain these dynamics using specific macroeconomic principles from the course reading.]

[Compare and contrast the impact of your tax policy decisions with those of current or historical examples in the United States. What do these examples demonstrate about the validity of macroeconomic models? Be sure to cite your research appropriately.] Fiscal Policy: Government Expenditure [Replace this area with an image of the “Real GDP Growth” and “Unemployment Rates” graph from your simulation results.] Figure 3.1 [Replace this area with an aggregate demand and aggregate supply (AD/AS) model taken from the course reading or a reputable online source.] Figure 3.2 [ Insert your responses to the following: Explain your decision making regarding government expenditure and how it changed based on the macroeconomic conditions. What was the intent of your fiscal policy decisions in response to the given economic climate?] [Evaluate your fiscal policy decisions, including how they impacted key macroeconomics factors such as real GDP growth and unemployment. To what extent did your policies yield positive or negative outcomes?] [Refer to the AD/AS model to support your analysis in this section of your report.] Monetary Policies [Replace this area with an image of the “Inflation Rate” graph from your simulation results.] Figure 4.1 [Insert your responses to the following: Explain how you changed the interest rate levels and how these changes impacted other macroeconomic factors such as inflation, consumption, investments, GDP, and foreign trade. Provide specific examples to illustrate.] [Compare and contrast the impact of your monetary policies with those of current or historical examples in the United States. What do these examples demonstrate about the validity of macroeconomic models? Be sure to cite your research appropriately.] Global Context [Insert your responses to the following: Analyze the impacts of openness to trade in general. Why and how are the impacts of monetary and fiscal policies different in a closed economy versus an open economy? Support your claims with specific details from your course reading.] Conclusions

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

[Insert your overall conclusions about the relevance and significance of macroeconomics. Assess the effectiveness of your economic policy decisions. Did your economic policy decisions produce the anticipated results? Did your macroeconomic principles and models behave in ways that you expected? Provide specific examples to illustrate.] [Evaluate how consumer confidence might have impacted the outcomes of your policy decisions for the economy of Econland. Why is consumer confidence a relevant factor for making informed macroeconomic decisions?] References Mankiw, N. G. (2021). Principles of economics (9th ed.). Cengage Learning. [Add other citations as needed in APA format ].

Related Documents

Page 5.1.3 Interpreting Statistics and Certainty.docx

Describe the global humanitarian crisis you chose and the decisions that were made from the standpoi

Screenshot 2024-01-01 at 8.36.18 PM.png

MGMW HW Set #2.pdf

4.17.PNG

18W (1).pdf

SUST 3200 Reading Review.docx

Assignment 3-2 Externality - Pigou.docx

ASSIGNMENT 3-28 Pollution policy -- more (1).docx

Assignment 10-13 Public goods (1).docx

ASSIGNMENT 4-20 Economics of forests.docx

MAT 240 Project Two Template EDITED.docx

Recommended textbooks for you

Managerial Economics: A Problem Solving Approach

Economics

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Cengage Learning

Managerial Economics: Applications, Strategies an...

Economics

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:Cengage Learning

Economics Today and Tomorrow, Student Edition

Economics

ISBN:9780078747663

Author:McGraw-Hill

Publisher:Glencoe/McGraw-Hill School Pub Co

Economics:

Economics

ISBN:9781285859460

Author:BOYES, William

Publisher:Cengage Learning

MACROECONOMICS FOR TODAY

Economics

ISBN:9781337613057

Author:Tucker

Publisher:CENGAGE L

Micro Economics For Today

Economics

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Cengage,

SEE MORE TEXTBOOKS

Recommended textbooks for you

Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Managerial Economics: Applications, Strategies an...
Economics
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:Cengage Learning
Economics Today and Tomorrow, Student Edition
Economics
ISBN:9780078747663
Author:McGraw-Hill
Publisher:Glencoe/McGraw-Hill School Pub Co
Economics:
Economics
ISBN:9781285859460
Author:BOYES, William
Publisher:Cengage Learning
MACROECONOMICS FOR TODAY
Economics
ISBN:9781337613057
Author:Tucker
Publisher:CENGAGE L
Micro Economics For Today
Economics
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Cengage,