Macroeconomics Case Study

  1. Week 7 Assignment – Macroeconomics Case Study

    Instructions

    In this exercise, you will demonstrate your ability to find macroeconomic data from public sources and to display it in an Excel spreadsheet.

    1. Start by choosing one of these three macroeconomic variables: Real GDP, the unemployment rate, or the inflation rate.
    2. Follow these instructions to find numbers for your macroeconomic variable for the years 2015, 2016, and 2017:
    3. Prepare an Excel spreadsheet that has two columns and four rows. In cell A1 type in the variable, you selected and bold the text. In the heading for cell A2, type, “Year.” In cells A3, A4, and A5 descending below this heading, type the years 2015, 2016, and 2017.
    4. In the heading for cell B2, type the name of the variable you chose (Real GDP, Unemployment Rate, or Inflation Rate). In the cells below this heading, type the values for each of the three years.
    5. Underneath your table, type “Source:” and then paste the URL of the source where you found your data.

    Week 9 Assignment – Economic Principles – Macroeconomics

    Overview

    It is important to be able to convey your understanding of macroeconomic concepts by communicating them to others. In the workplace, you might do this by writing papers or reports (as you did for the Week 5 assignment) or creating presentations for your team, manager, or clients. For this assignment, you will develop a final report.
    For this final report assignment, you can use the same industry you selected for the Week 3 assignment, or you can select another industry.
    • Prepare a 3 page final report in which you examine one of the macroeconomic variables below:
      • Real Gross Domestic Product (GDP).
      • The unemployment rate.
      • The inflation rate.

    Instructions

    Choose an industry that interests you. (Remember, an industry is not a company. An industry is a group of companies doing the same thing. Ford is a company. Automobile manufacturing is an industry.)

    1. Do research on your industry. In a few short paragraphs, describe your selected industry.
      • Be sure to write in your own words.
      • Identify the goods and/or services the industry provides.
      • Identify some of the major companies in this industry.
      • Add anything else about the industry that you think is interesting.
      • Keep track of your sources by copying their Internet addresses (URLs). You can paste these URLs at the end of your paper as your references.
    2. Select one of three macroeconomic variables (real GDP, the unemployment rate, or the inflation rate) that a businessperson in your chosen industry should monitor, and explain why that variable is important and how it might have an impact on your selected industry.
    3. Describe in a sentence or two the important movements of the variable in the table and graph.
      • Excel tables and graphs are attached for each of the three macroeconomic variables (real GDP, the unemployment rate, and the inflation rate).
      • Review the Excel table and graph for the macroeconomic variable that you chose.
    4. Summarize how you think this industry will perform in the future.
      • Be sure to provide support for your prediction of this future industry performance.
    5. Your report should include a minimum of two references/citations in the text.
    This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
    Resources to Complete the Assignment
    This assignment is aligned to this course outcome:
    • Apply macroeconomic concepts to current and personal economic events and decisions.
    Discussion Post:
  2. Week 8 Discussion Attachment
    COLLAPSE

    Debate the following statement: “Correlation means causation.”

    • Determine whether this statement is true or false, and provide reasoning for your determination, using the Possible Relationships Between Variables table from your textbook.

    Week 8 Discussion Exploring tax cuts, Jobs, and Tax Revenue

  3. There has been discussion about whether the Tax Cuts and Jobs Act that took effect in 2018 is increasing tax revenue. Tax revenue can be thought of as an average tax rate multiplied by taxable income. If the average tax rate falls while taxable income stays the same, tax revenue will fall. But what if the tax cuts increase taxable income? The major schools of thought in macroeconomics (Keynesians and Neoclassicals) believe that tax cuts increase economic growth. Economic growth increases taxable income. Our economic growth before the pandemic brought unemployment down to historically low levels.
    • Start your discussion by responding to these questions:
      • Do you think that tax cuts increase economic growth and taxable income so much that tax revenue increases?
      • Or do you think that tax cuts reduce tax revenue? Explain your answers.

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