Outcomes: This task assesses the following learning outcomes:
• understand the forces determining macroeconomic variables such as national output, inflation, and unemployment. • apply macroeconomic terminology and assess macroeconomic policy suggestions. • evaluate real life situations with a practical application of the acquired tools and knowledge.
REPORT
Description:
x Weight: This task is worth 40% of your overall grade for this subject. x Part of the session of Week 5 will be dedicated to the Midterm Assignment
Assignment Launch: Week 1.
Submission: Week 5 – Via Moodle (Turnitin). Submission Deadline 29th of August at 23:55 CET
Formalities:
x Wordcount: 1000 words x You may want to include images/graphics etc. (for example from their website) to make your reasoning and argumention more visual and explicative x Font: Arial. Size: 12,5pts. Line spacing: 1,5. Text align: Justified. x Appendices and References, do not count towards the final wordcount but are strongly recommended (referencing websites, artic les, books etc.) x The in-text References and the Bibliography have to be in Harvard’s citation style
REPORT TOPIC
The report should include the following sections:
x Cover Page: Title, Course, Name of Student x Table of Contents
x Section 1. Consider the information of the first three classes. What is GDP? What is it made up of? What weight does Consumption have in
the GDP of the USA? And in China?
x Section 2. Consider the information of the first three classes. What is GDP? What is it made up of? What weight does Consumption have in the GDP of the USA? And in China? Discuss to what extent these two countries’ economies complement each other.Evaluate how sustainable the US model based on consumption is. How sustainable is the Chinese model based on Investment?
x Section 3. Consider the information of the first three classes. What explanation do they give for the difference between upper income
countries (like the USA) and middle or lower income countries (like China)
x Section 4 Evaluate the relative importance of having the biggest economy in the world (soon China) compared to having the most productive large economy in the world (the USA). Identify the changes a country (like China) has to make to make its economy more productive.
x Bibliography
RECOMMENDED SOURCES:
x Data: tradingeconomics x Information: world factbook cia.gov x Data: www.worldbank.org
Rubrics
http://www.worldbank.org/
Exceptional 90-100
Good 80-89
Fair 70-79
Marginal fail 60-69
Knowledge and Identification of the main Issues
20%
Identifies and demonstrates a sophisticated understanding of the main issues / problems in the case study
Identifies and demonstrates an accomplished understanding of most of the issues/problems.
Identifies and demonstrates acceptable understanding of some of the issues/problems in the case study
Does not identify or demonstrate an acceptable understanding of the issues/problems in the case study
Application 30%
Student applies fully relevant knowledge to the situation provided
Student applies mostly relevant knowledge to the situation provided
Student applies some relevant knowledge to the situation provided. Some minor misunderstandings may be evident.
Student applies little relevant knowledge to the situation provided. Misunderstandings are evident.
Evaluation 30%
Student assembles a coherent response to the question, providing a range of support and justification that leads to a well-reasoned conclusion
Student assembles a good response to the question, providing support and justification that lead to a well- reasoned conclusion
Student assembles a fair response to the question, providing some support and justification that lead to a well- reasoned conclusion. Minor misunderstandings may be evident
Student’s response to the question lacks coherence. Limited support and justification are provided that may or may not be well linked to the conclusion
Communication 20%
Student communicates ideas extremely clearly and concisely. Compliance with the guidelines on font, size, line spacing and text align will also be taken into account.
Student communicates ideas clearly and concisely. Compliance with the guidelines on font, size, line spacing and text align will also be taken into account.
Student communicates ideas fairly clearly and concisely. Compliance with the guidelines on font, size, line spacing and text align will also be taken into account.
Student attempts to communicate ideas clearly and concisely, with some problems. Student does not follow the guidelines on font, size, line spacing and text align.
developed and interesting. Conclusions are clearly justified. Appropriate language style and shows thorough, in- depth understanding of the subject area.
content showing in-depth knowledge of subject area.
knowledge of the area. Improvements would help to justify conclusions.
but there are gaps in the development or information which is not relevant is given too much importance.
repetition of written work with no amendments to language or style. The development is confusing and does not justify the conclusions.
Questions and answers 20%
The candidate showed in-depth knowledge, was well prepared for the questions and expanded answers in-depth showing ownership of the subject area.
The candidate was well prepared to answer questions and showed in-depth knowledge of the subject area. Expanded on answers.
The candidate was able to answer the questions but did not expand on question areas.
The candidate attempted to answer the questions but not always appropriately.
The candidate was unprepared and unable to answer pertinent questions.
BCO1214 MACROECONOMICS Final Assignment Task brief & rubrics
REPORT
Description:
x Weight: This task is worth 60% of your overall grade for this subject. x The session of Week 8 will have time dedicated to the final assignment
Assignment Launch: Week 5.
Submission: Week 8 – Via Moodle (Turnitin). Submission deadline September the 19th at 23.55
Formalities:
x The minimum amount of words to be used is 1500 and the maximm is 2200 x You may want to include images/graphics etc. (for example from their website) to make your reasoning and argumention more visual and explicative x Font: Arial. Size: 12,5pts. Line spacing: 1,5. Text align: Justified. x Appendices and References, do not count towards the final wordcount but are strongly recommended (referencing websites, articles, books etc.)
TOPIC
Eurozone and Macroeconomic goals
Write a report that assess the role of the Eurozone institutions to achieve macroeconomic goals during the Covid pandemic
The report should include the following sections:
x Cover Page: Title, Course, Name of Student x Table of Contents x Section 1. Choose a Eurozone country
o Identify the impact of the Covid pandemic on the country’s economy o Using economic indicators (GDP, consumption, unemployment etc) analyse how deeply the country’s economy has been affected by the pandemic
x Section 2. Monetary Policy
o Which institution is responsible for Monetary Policy in the Eurozone. What tools can they use to to implement monetary policy in th e Eurozone? o What policies have they implemented in response to the Covid pandemic? o Explain with graphs what impact these policies should have in theory on the economy o Evaluate the real impact of these policies on the economy of the country.
x Section 3. Fiscal Policy o Which institution is responsible for Fiscal Policy in the Country you are studying. What tools can they use to to impl ement fiscal policy in their country? o What policies have they implemented in response to the Covid pandemic? o Explain with graphs what impact these policies should have in theory on the economy o Evaluate the real impact of these policies on the economy of the country.
x x Section 4. Conclusion
o Evaluate if the monetary and fiscal policy have been appropriate for your country. What other measures would you have taken o r what changes would you have made to the policies they did introduce?
x Bibliography
Outcomes: This task assesses the following learning outcomes:
• understand the forces determining macroeconomic variables such as national output, inflation, unemployment, and interest rates. • apply macroeconomic terminology and assess macroeconomic policy suggestions. • evaluate real life situations with a practical application of the acquired tools and knowledge.
Rubrics
RECOMMENDED SOURCES:
x Data: Eurostat https://ec.europa.eu/eurostat/home x Information: European Commission https://ec.europa.eu/info/index_en
https://ec.europa.eu/eurostat/home
https://ec.europa.eu/info/index_en
Exceptional 90-100
Good 80-89
Fair 70-79
Marginal fail 60-69
Knowledge and Identification of the main Issues
20%
Identifies and demonstrates a sophisticated understanding of the main issues / problems in the case study
Identifies and demonstrates an accomplished understanding of most of the issues/problems.
Identifies and demonstrates acceptable understanding of some of the issues/problems in the case study
Does not identify or demonstrate an acceptable understanding of the issues/problems in the case study
Application 30%
Student applies fully relevant knowledge to the situation provided
Student applies mostly relevant knowledge to the situation provided
Student applies some relevant knowledge to the situation provided. Some minor misunderstandings may be evident.
Student applies little relevant knowledge to the situation provided. Misunderstandings are evident.
Evaluation 30%
Student assembles a coherent response to the question, providing a range of support and justification that leads to a well-reasoned conclusion
Student assembles a good response to the question, providing support and justification that lead to a well- reasoned conclusion
Student assembles a fair response to the question, providing some support and justification that lead to a well- reasoned conclusion. Minor misunderstandings may be evident
Student’s response to the question lacks coherence. Limited support and justification are provided that may or may not be well linked to the conclusion
Communication 20%
Student communicates ideas extremely clearly and concisely. Compliance with the guidelines on font, size, line spacing and text align will also be taken into account.
Student communicates ideas clearly and concisely. Compliance with the guidelines on font, size, line spacing and text align will also be taken into account.
Student communicates ideas fairly clearly and concisely. Compliance with the guidelines on font, size, line spacing and text align will also be taken into account.
Student attempts to communicate ideas clearly and concisely, with some problems. Student does not follow the guidelines on font, size, line spacing and text align.