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Research Project

Complete a research project that demonstrates your understanding of the micro economic functioning of the U. S. economy. Present your research in a report formatted in APA style, and a minimum of 3 references sited

The elements of your presentation are as follows:

1. Research and read reliable economic journals or papers over the two events and the impact of institutions, public policies, and regulations during these timeframes. (One event can be the 2007-2008 U.S. Recession and the other can be your choice) or (you can use two different president terms.)

· Comparison of Events: What was the extent of economic decline in each of the two events? Discuss in terms of GDP, unemployment, and other major economic variables. (Graphs are good)

· Government Reactions: Compare changes in the government reactions to the initial shocks to the economy and the initial adjustments to the regulation of business and financial institutions.

· Effects on Business Decision Making: Compare the effects of the shocks on the economy to business decision making in the public sphere during the relevant time periods. (Graphs are good) What did the economy look like?

2. Analyze the influences of changing economic conditions on economic thinking historically and today.

· Discuss some of the Strategic behaviors of companies during these time periods?

· What were some of the limitations or successes during these time periods?

3. Discuss the role of economic thinking in the nature of businesses?

4. Describe how using economics can help make better policy choices?

Elements

Exemplary

Proficient

Needs Improvement

Not Evident

Total

Comparison of Events

Submission meets “Proficient” criteria and demonstrates particular insight into economic variables and terminology

Submission introduces and accurately addresses the major similarities and differences of events, use of appropriate terminology, and using appropriate research sources

Submission briefly highlights key points of events but does not provide a validated comparison and contract of events

Submission does not provide a comparison of events.

Government Reactions

Submission meets “Proficient” criteria and includes key economics concepts that enrich and extend the analysis

Submission provides a well-supported comparison of the government reactions in the time periods and resulting regulatory changes

Submission does not provide a logical or supported comparison of the government reactions and regulations in the time periods

Submission does not address government reactions and/or resulting regulations

Effects of Business Decision Making

Submission meets “Proficient” criteria and includes key economics concepts that enrich and extend the analysis

Submission provides a well-supported, logical discussion of the effects on business decision-making during the time periods

Submission does not provide support for claims or presents gaps in logic

Submission does not address the effects on business decision-making during the time periods

Analysis of Information

Submission meets “Proficient” criteria and provides an insightful analysis to the importance of quantitative analysis through tables, graphs, equations, and/or models

Submission accurately and appropriately integrates tables, graphs, equations, and/or models that support the analysis

Submission provides an inappropriate table, graph, equation, and/or model, or does not discuss its importance to the analysis

Submission does not provide a table, graph, equation, and/or model

Economic Thinking

Submission meets “Proficient” criteria and extends discussion into today’s economic conditions for businesses

Submission provides a well-supported analysis, using relevant examples of how economic thinking influences business organizations

Submission briefly or inaccurately discusses key economic principles as they relate to business organization

Submission does not provide a discussion of the role of economic thinking and business organizations

Graphs

Submission meets “Proficient” criteria and extends discussion into graphs and discusses changes in economic conditions for businesses

Submission provides a well-supported analysis, using relevant graphs of how economic thinking influences business organizations

Submission briefly or inaccurately shows graphs economic principles as they relate to business organization

Submission does not provide graphs.

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