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Presentation Title
Your Name
ECO 202
Instructor Name
ECO 202
Choose a title for your presentation.
Include your name, the course name and the assignment name.
1
Ten-Year Period of U.S. Economic History Overview
This slide should include a brief overview of the 10-year period
between 1950 and today that you chose for this presentation.
ECO 202
Write a brief overview of the time period you chose.
To give greater impact make sure to be brief in the slide and
explain in the speaker’s notes.
Imagine that you have to present the PPT to an audience.
The slides are an outline for the audience to follow your
presentation.
The speaker’s notes would be what you are going to say.
2
GDP (1–2 slides)
Gross Domestic Product (GDP) and Growth
Show a graph of real GDP growth rates for each year of your
decade and highlight significant changes in growth rates, such
as dips or negative growth (recession) or booms (economic
expansion)
Real GDP data can be found here at FRED, the research
database of the St. Louis Federal Reserve – adjust the data to
your 10 year period and use these numbers to calculate the
growth rate
Here is a video to introduce you to using the FRED site
Choose two or three of the most relevant events from this time
period that impacted the U.S. economy. Apply specific models
developed throughout the course to demonstrate how these
events influenced national output during this time period.
You can use the GDP formula to explain how an event impacted
GDP growth. For instance, if there was large increase in
military spending because of a war, we would expect to see an
increase in GDP.
Be sure the connections you make are supported by the data you
present.
ECO 202
Start with the first topic you want to present.
First research the main idea you want to talk about, research
sources, images/graphs/diagrams/tables.
Try to express the main concepts in a brief manner, such as
bullet points, images with key words.
Explain the slide in the speaker’s notes.
3
Unemployment and Inflation (1–2 slides)
Analyze unemployment and inflation data as to their relation to
output and growth, using macroeconomic principles and models
to explain their effect.
Show graphs of both annual inflation rates and annual
unemployment rates throughout your decade.
Find data on inflation rates here
Find data on unemployment here
Explain how inflation and unemployment are calculated for the
data presented
Discuss how changes in both are related to changes in GDP
growth
Apply specific models developed throughout the course to
demonstrate how the previously selected events influenced both
unemployment and inflation during this time period.
Discuss how the events impacted both economic indicators
For the final draft, look to include our AD-AS model to
illustrate how events led the changes observed in both
ECO 202
Make sure to include speaker’s notes.
4
Interest Rates (1–2 slides)
Analyze interest rate fluctuations throughout this time period
and their effects on other aspects of the economy.
Show graph of interest rates during your time period – there are
different rate to choose from, like the Federal Funds Rate, the
3-Month Treasury Rate or the Bank Prime Loan Rate which will
each give a sense of the level of interest rates and the trend
throughout the decade
Then discuss the following:
How would these fluctuations affect/be affected by inflation?
Would investments and foreign trade rates increase or decrease?
How would the GDP of the American economy be affected?
To answer the above questions, consider the relationship
between interest rates and GDP
ECO 202
Include Speaker’s notes.
5
Foreign Trade: Imports and Exports
For this element, you are to provide data on levels of imports
and exports throughout your decade.
As with the other economic data, annual numbers for each year
of your decade is ideal. In this case, you may want to look at
the value of imports and exports in real (inflation-adjusted)
dollars or you can present them as a % of GDP.
In your analysis of the data, make connections to other aspects
of the economy, such as the exchange rate. An example might
be a stronger dollar leads to more imports - since our dollar can
buy more foreign currency than before, it also means it can buy
more foreign goods and services (all other things being equal)
and so would lead to an increase in imports.
The Census Bureau collects data on imports and exports and
their data is compiled on other reliable website for easy access:
You can find export data here
You can find import data here
ECO 202
Foreign Trade: Models
This follows well from the analysis of import and export data,
where you can relate the trade levels to events within our
economy and within our trading partners' economies. For
example, the Great Recession saw incomes decrease in most of
the Western world and we know that demand for imports is
determined by income. If demand for goods and services
decrease, we should see a decrease in exports and imports all
around the affected countries, the US included. This shows the
application of the AD-AS model, with a shifting demand curve.
Consider also any relevant trade agreements during this time to
explore changes in patterns of trade based on comparative
advantage, another key economic model.
ECO 202
Fiscal Policy
This rubric element wants you to look at the policies in place at
the start of your chosen decade.
You will need to provide details on the policies and examine
how they were related to macroeconomic issues at the time.
Your slide(s) on this will highlight the key points and your
speaker notes will add the explanatory detail needed.
You may need to take a peak at what was happening in the years
leading up to the start of your decade.
Your work here should include scholarly research which you
can best find information on specific fiscal policies, search by
President instead of by years – start with these sites:
Congressional Budget Office
White House website
National Bureau of Economic Research
ECO 202
Fiscal Policy Actions
This rubric element wants you to examine what the fiscal policy
initiatives were going forward, to respond to the changing
economic landscape.
You should specifically state what the intent of the actions were
- for instance, it could be to decrease unemployment.
Then, use our macroeconomic principles and models (like the
AD-AS model or Keynesianconsumptionfunction) to explain
why the action would lead to the outcome desired by the
government.
Keep the main points (and any use of graphs to show the
economic models) on the slide and use the speaker notes to add
full explanation.
Scholarly research is required here as well (this may overlap
with research from the previous element, as appropriate).
ECO 202
Fiscal Policy Impact
After looking at what the government set out to do and why,
you will now examine if it actually worked.
You will look at the macroeconomic data (which you already
gathered in milestone one) to see if policy actions achieved
their goals. For instance, if President Johnson's "War on
Poverty" aimed to reduce poverty in the U.S. and, in doing so,
create a stronger economy. With less poverty, we should see
increased consumption and higher growth rates.
Keep in mind that there may be times when the government
misread the economy and implemented a policy that had
unintended effects so its important to compare what was
observed after the policy in the macroeconomic data to what the
policy objectives were.
ECO 202
Monetary Policy
This rubric element wants you to look at the monetary policies
in place at the start of your chosen decade.
Remember that the Federal Reserve controls our monetary
policy and they have a four main goals:
Price Stability
High Employment
Economic Growth
Financial Market Stability
The main tools the Fed uses are the decreasing or increasing of
the money supply (through open market operations, changing
the required-reserve ratio, and changing the discount rate) and
changes to interest rates.
Be sure to read up on these policy tools the Fed uses in our
textbook and check out this video for further understanding
The San Francisco Federal Reserve is a valuable resource for
research on Federal Reserve history
The Federal Open Market Committee (the part of the Federal
Reserve that controls open market operattions) has site where
you can access transcripts of meetings and other historical
materials – just enter the year you need!
ECO 202
Monetary Policy
This rubric element wants you to look at the monetary policies
in place at the start of your chosen decade.
Remember that the Federal Reserve controls our monetary
policy and they have a four main goals:
Price Stability
High Employment
Economic Growth
Financial Market Stability
The main tools the Fed uses are the decreasing or increasing of
the money supply (through open market operations, changing
the required-reserve ratio, and changing the discount rate) and
changes to interest rates.
Be sure to read up on these policy tools the Fed uses in our
textbook and check out this video for further understanding
The San Francisco Federal Reserve is a valuable resource for
research on Federal Reserve history
The Federal Open Market Committee (the part of the Federal
Reserve that controls open market operattions) has site where
you can access transcripts of meetings and other historical
materials – just enter the year you need!
ECO 202
Monetary Policy Actions
This rubric element wants you to examine what the monetary
policy initiatives were going forward, to respond to the
changing economic landscape throughout your decade.
You should specifically state what the intent of the actions were
- for instance, the Fed may have used expansionary policy to
help expand the economy in response to a recession. Such
policies could have been buying up government bonds - this
puts money into the economy since the Fed is buying these
bonds from a bank and then the bank can use that money in the
economy. This open-market operation increases the money
supply.
Then, use our macroeconomic principles and models (like the
Supply and Demand of Money model, AD-AS model to show
impact of interest rates on equilibrium GDP, Phillips Curve,
etc.) to explain why the action would lead to the outcome
desired by the government.
Keep the main points (and any use of graphs to show the
economic models) on the slide and use the speaker notes to add
full explanation. Scholarly research is required here as well
(this may overlap with research from the previous element, as
appropriate).
ECO 202
Monetary Policy Impact
After looking at what the Fed set out to do and why, you will
now examine if it actually worked.
You will look at the macroeconomic data (which you already
gathered in milestone one - feel free to add more here if needed
to support your analysis) to see if policy actions achieved their
goals. For instance, if the Fed raised interest rates as a
contractionary policy aimed at slowing down inflation, did it
work?
There might also be examples of where the Fed misread the
economic landscape and initiated expansionary policy when
they should have taken on contractionary policy, or vice versa.
Consider all actions taken by the Fed during your decade and
analyze their impact on the overall economy, paying particular
attention to GDP growth rates, unemployment and inflation.
ECO 202
Conclusions
For this element, you will take all the data, history and policy
analysis you have presented and summarize it in a coherent and
thorough manner. Basically, this is your time to tell the
economic story of the decade and make all the necessary
connections now that your analysis is done. Be sure to include
specific examples and data points that help tell the story.
ECO 202
Speaker’s notes.
15
“Agree/Disagree”
Here, you will state whether you agree or disagree with fiscal
and monetary policy actions taken.
It is possible that some actions you agree with and other you
disagree with - that is fine. You can discuss your reasons for
disagreement or agreement on a case-by-case basis.
In your argument, be sure you are using our economic models
and concepts to support you and not just your own opinion or
feeling about what is best. For instance, saying that we should
not have spent money on government programs because it's not
fair to give out money to people would not be an
macroeconomics-based reason. You could say that increased
government spending through expansionary fiscal policy created
too much inflation later on and so you disagree with that action.
ECO 202
References
Include references in APA style.
ECO 202
17
1
Copyright © 2012, Elsevier Inc.
All Rights Reserved
Chapter 6
Depth
Cyber Attacks
Protecting National Infrastructure, 1st ed.
2
• Any layer of defense can fail at any time, thus the
introduction of defense in depth
• A series of protective elements is placed between an
asset and the adversary
• The intent is to enforce policy across all access points
Copyright © 2012, Elsevier Inc.
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Introduction
3
Fig. 6.1 – General defense in depth
schema
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• Quantifying the effectiveness of a layered defense is
often difficult
• Effectiveness is best determined by educated guesses
• The following are relevant for estimating
effectiveness
– Practical experience
– Engineering analysis
– Use-case studies
– Testing and simulation
Copyright © 2012, Elsevier Inc.
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Effectiveness of Depth
5
Copyright © 2012, Elsevier Inc.
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Fig. 6.2 – Moderately effective single
layer of protection
6
• When a layer fails, we can conclude it was either
flawed or unsuited to the target environment
• No layer is 100% effective—the goal of making layers
“highly” effective is more realistic
Copyright © 2012, Elsevier Inc.
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Effectiveness of Depth
7
Copyright © 2012, Elsevier Inc.
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Fig. 6.3 – Highly effective single layer of
protection
8
Copyright © 2012, Elsevier Inc.
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Fig. 6.4 – Multiple moderately effective
layers of protection
9
• A national authentication system for every citizen
would remove the need for multiple passwords,
passphrases, tokens, certificates, and biometrics that
weaken security
• Single sign-on (SSO) would accomplish this
authentication simplification objective
• However, SSO access needs to be part of a
multilayered defense
Copyright © 2012, Elsevier Inc.
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Layered Authentication
10
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Fig. 6.5 – Schema showing two layers of
end-user authentication
11
Copyright © 2012, Elsevier Inc.
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Fig. 6.6 – Authentication options
including direct mobile access
12
Layered E-Mail Virus and Spam
Protection
• Commercial environments are turning to virtual, in-
the-cloud solutions to filter e-mail viruses and spam
• To that security layer is added filtering software on
individual computers
• Antivirus software helpful, but useless against certain
attacks (like botnet)
Copyright © 2012, Elsevier Inc.
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Fig. 6.7 – Typical architecture with
layered e-mail filtering
14
• Layering access controls increases security
• Add to this the limiting of physical access to assets
• For national infrastructure, assets should be covered
by as many layers possible
– Network-based firewalls
– Internal firewalls
– Physical security
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Layered Access Controls
15
Fig. 6.8 – Three layers of protection
using firewall and access controls
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• Five encryption methods for national infrastructure
protection
– Mobile device storage
– Network transmission
– Secure commerce
– Application strengthening
– Server and mainframe data storage
Copyright © 2012, Elsevier Inc.
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Layered Encryption
17
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Fig. 6.9 – Multple layers of encryption
18
• The promise of layered intrusion detection has not
been fully realized, though it is useful
• The inclusion of intrusion response makes the
layered approach more complex
• There are three opportunities for different intrusion
detection systems to provide layered protection
– In-band detection
– Out-of-band correlation
– Signature sharing
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Layered Intrusion Detection
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Fig. 6.10 – Sharing intrusion detection
information between systems
20
• Developing a multilayered defense for national
infrastructure would require a careful architectural
analysis of all assets and protection systems
– Identifying assets
– Subjective estimations
– Obtaining proprietary information
– Identifying all possible access paths
Copyright © 2012, Elsevier Inc.
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National Program of Depth
ECO 202 Final Project Guidelines and Rubric
Overview
The final project for this course is the creation of economic
history analysis presentation. Macroeconomics is the part of the
study of economics that is concerned
with the aggregate or the whole. Macroeconomics provides us
with tools and methods to understand how our economy works
as a whole. It deals with
economy-wide issues such as price levels, employment, national
income, and growth. As a student of macroeconomics, you will
learn how to understand the
changes occurring throughout our economy and how our
economy is influenced by our decisions, by our government, and
by other countries.
In this assignment, you will perform an in-depth analysis of a
10-year period in U.S. economic history between 1950 and
today. In your analysis, you will examine
macroeconomic data, basic macroeconomic principles,
government actions, and historical/current events to give a clear
and comprehensive picture of your
chosen time period and detail how they are related to one
another.
The project is divided into three milestones, which will be
submitted at various points throughout the course to scaffold
learning and ensure quality final
submissions. These milestones will be submitted in Modules
Two, Four, and Five. The final project will be submitted in
Module Seven.
In this assignment, you will demonstrate your mastery of the
following course outcomes:
for drawing connections between the events and their economic
impact
and monetary policy actions for their impact on the economy
economic outcomes and forecasting
their influence on industries and households
Prompt
For this assignment, you will first need to choose a 10-year
period in U.S. economic history between 1950 and today. You
will then present the data collected
from government sources related to a variety of macroeconomic
phenomena and analyze them in conjunction with the models
and core principles to explain the
economy-wide changes during your chosen time period. You
will also examine the events of the time in their relation to the
macroeconomic issues as well as the
corresponding government actions taken (fiscal and monetary
policies) to address the issues. The final presentation should be
15–20 slides using PowerPoint,
Prezi, Keynote, or PreZentit, including title and reference
slides. Be sure to include speaker notes to accompany the data
and graphs, information, and
explanations presented on the slide.
Specifically, the following critical elements must be addressed:
I. Examination of Macroeconomic Data (Be sure to include
speaker notes to accompany all of your responses.)
a) Gross Domestic Product (GDP) and Growth
i. Analyze the annual GDP during the time frame to calculate
specific growth rates and trends in the U.S. economy.
ii. Choose two or three of the most relevant historical and/or
current events during this time period that impacted the U.S.
economy. Apply
specific models developed throughout the course to demonstrate
how these events influenced national output during this time.
b) Unemployment and Inflation
i. Analyze unemployment and inflation data during the time
frame in their relation to output and growth, using
macroeconomic principles
and models to explain their effect.
ii. Apply specific models developed throughout the course to
demonstrate how the previously selected historical and/or
current events
influenced both unemployment and inflation during this time.
c) Analyze interest rate fluctuations throughout this time period
and their effects on other aspects of the economy. How would
these fluctuations
affect inflation? Would investments and foreign trade rates
increase or decrease? How would the GDP of the American
economy be affected?
d) Foreign Trade
i. Analyze data representing levels of U.S. imports and exports
during this time. How do they relate to other economic
outcomes such as
the GDP, foreign exchange rates, and so on?
ii. Apply specific models developed throughout the course to
demonstrate how domestic and foreign events (e.g., wars,
changes in trade
barriers, development abroad) have impacted the level of and
changes in imports and exports in the United States.
II. Government Policies (Be sure to include speaker notes to
accompany all of your responses.)
a) Fiscal Policy
i. Examine the fiscal policies in place at the start of your
specific time period in relation to their effects on
macroeconomic issues. For
instance, consider level of government spending, taxation,
subsidies, unemployment benefits, and so on.
ii. Analyze new fiscal policy actions undertaken by the U.S.
government throughout the time period by describing their
intended effects,
using macroeconomic principles to explain the actions.
iii. Explain the impact of the new fiscal policy actions on
individuals and businesses within the economy by integrating
the macroeconomic
data and principles.
b) Monetary Policy
i. Examine the monetary policies in place at the start of your
specific time period in relation to their effects on
macroeconomic issues. For
instance, consider the discount rate set by the Fed, the rates on
reserves, open market operations, and so on.
ii. Analyze new monetary policy actions undertaken by the U.S.
government throughout the time period by describing their
intended
effects, using macroeconomic principles to explain the actions.
iii. Explain the impact of the new monetary policy actions on
individuals and businesses within the economy by integrating
the
macroeconomic data and principles.
III. Conclusion (Be sure to include speaker notes to accompany
all of your responses.)
a) Summarize the overall trends and outcomes of this 10-year
period by integrating the data, economic models, and historical
analysis.
b) Defend your agreement or disagreement with the actions
taken by the U.S. government during this time based upon your
analysis and
application of the macroeconomic theories.
Milestones
Milestone One: Macroeconomic Data Report
In Module Two, you will submit the first three sections of your
final project as outlined in Section I, parts a), b), and c).
1) Choose a 10-year period in the history of the U.S. between
1950 and today. All responses will be related to that timeframe.
b) Gross Domestic Product (GDP) and Growth
i. Analyze the annual GDP to calculate specific growth rates
and trends in the U.S. economy.
ii. Choose two or three of the most relevant events from this
time period that impacted the U.S. economy. Apply specific
models
developed throughout the course to demonstrate how these
events influenced national output during this time period.
c) Unemployment and Inflation
i. Analyze unemployment and inflation data as to their relation
to output and growth, using macroeconomic principles and
models to
explain their effect.
ii. Apply specific models developed throughout the course to
demonstrate how the previously selected events influenced both
unemployment and inflation during this time period.
d) Analyze interest rate fluctuations throughout this time period
and their effects on other aspects of the economy. How would
these fluctuations
affect inflation? Would investments and foreign trade rates
increase or decrease? How would the GDP of the American
economy be affected?
2) Present your research with 4–6 slides in PowerPoint, Prezi,
Keynotes, or PreZentit, not including title page and references.
Be sure to include speaker
notes to accompany all of your responses.
3) Apply APA formatting to citations and references.
This milestone will be graded with the Milestone One Rubric.
Milestone Two: Fiscal Policies
In Module Four, you will submit a section of your final project
pertaining to fiscal policies as outlined in Section II, part a).
1) Continue your observation of the 10-year period selected for
Milestone One, and research the government policies
implemented during those years.
a) Fiscal Policy
i. Examine the fiscal policies in place at the start of your
specific time period in relation to their effects on
macroeconomic issues. For
instance, consider level of government spending, taxation,
subsidies, unemployment benefits, and so on. Analyze new
fiscal policy actions
undertaken by the U.S. government throughout the time period
by describing their intended effects, using macroeconomic
principles to
explain the actions.
ii. Explain the impact of the new fiscal policy actions on
individuals and businesses within the economy by integrating
the macroeconomic
data and principles.
2) Present your research with 3–5 slides in PowerPoint, Prezi,
Keynotes or PreZentit, not including title page and references.
Be sure to include speaker
notes to accompany all of your responses.
3) Apply APA formatting to citations and references.
This milestone will be graded with the Milestone Two Rubric.
Milestone Three: Monetary Policies
In Module Five, you will submit a section of your final project
pertaining to monetary policies as outlined in Section II, part
b).
1) Continue your observation of the 10-year period selected for
Milestone One and research the Government Policies
implemented during those years.
a) Monetary Policy
i. Examine the monetary policies in place at the start of your
specific time period in relation to their effects on
macroeconomic issues. For
instance, consider the discount rate set by the Fed, the rates on
reserves, open market operations, and so on.
ii. Analyze new monetary policy actions undertaken by the U.S.
government throughout the time period by describing their
intended
effects, using macroeconomic principles to explain the actions.
iii. Explain the impact of the new monetary policy actions on
individuals and businesses within the economy by integrating
the
macroeconomic data and principles.
2) Present your research with 3–5 slides in PowerPoint, Prezi,
Keynotes or PreZentit, not including title page and references.
Be sure to include speaker
notes to accompany all of your responses.
3) Apply APA formatting to citations and references.
This milestone will be graded with the Milestone Three Rubric.
Final Project: Economic History Analysis Presentation
In Module Seven, you will submit your final project. It will
include new research on foreign trade practices (Section I, part
d), will draw conclusions (Section III),
and integrate all milestones and feedback. It should be a
complete, polished artifact containing all of the critical
elements of the final product.
1) Research and present, in 3–4 slides, foreign trade practices
and policies of the 10-year period you researched for Milestones
One, Two, and Three.
a) Analyze data representing levels of U.S. imports and exports
during this time. How do they relate to other economic
outcomes such as the GDP,
foreign exchange rates, and so on?
b) Apply specific models developed throughout the course to
demonstrate how domestic and foreign events (e.g., wars,
changes in trade barriers,
development abroad) have impacted the level of and changes in
imports and exports in the United States.
2) Draw conclusions to the research carried out throughout the
course.
a) Summarize the overall trends and outcomes of this 10-year
period by integrating the data, economic models, and historical
analysis.
b) Defend your agreement or disagreement with the actions
taken by the U.S. government during this time based upon your
analysis and
application of the macroeconomic theories.
3) Incorporate and integrate this information with the slides
developed during Milestones One, Two, and Three into a 15–20-
slide presentation that covers
all the critical elements of the assignment. Be sure to include
speaker notes to accompany all of your responses.
4) Apply APA formatting to citations and references.
The final project will be graded using the Final Project Rubric.
Deliverables
Milestone Deliverables Module Due Grading
1 Macroeconomic Data Report Two Graded separately;
Milestone One Rubric
2 Fiscal Policies Report Four Graded separately; Milestone Two
Rubric
3 Monetary Policies Report Five Graded separately; Milestone
Three Rubric
Final Submission: Economic History
Analysis Presentation
Seven Graded separately; Final Project Rubric
Final Project Rubric
Guidelines for Submission: Your economic history analysis
presentation should be 15–20 slides, including title and
reference slides, and include speaker notes to
accompany the slides. Your reference list slide needs to be in
APA format.
Critical Elements Exemplary (100%) Proficient (85%) Needs
Improvement (55%) Not Evident (0%) Value
Examination: GDP:
Growth Rates and
Trends
Meets “Proficient” criteria and
explains relevance of the growth
rates observed
Accurately analyzes the annual
GDP during the time frame to
calculate specific growth rates
and trends in the U.S. economy
and provides information in
speaker notes
Analyzes the annual GDP during
the time frame to calculate
specific growth rates and trends
in the U.S. economy, but analysis
is inaccurate, or does not provide
information in speaker notes
Does not analyze the annual GDP
during the time frame
6.4
Examination: GDP:
Influenced National
Output
Meets “Proficient” criteria and
offers a nuanced insight into the
relationship between events and
national output
Applies specific models
developed throughout the course
to demonstrate how relevant
historical and/or current events
have influenced national output
during the time period, and
provides information in speaker
notes
Applies specific models
developed throughout the course
to demonstrate how relevant
historical and current events have
influenced national output during
the time period, but events
chosen are not relevant, or does
not provide information in
speaker notes
Does not apply specific models
developed throughout the course
to demonstrate influence on
national output
6.4
Examination:
Unemployment and
Inflation: Output and
Growth
Meets “Proficient” criteria and
explains how data is collected and
calculated
Analyzes unemployment and
inflation data during the time
frame in their relation to output
and growth, using
macroeconomic principles and
models to explain their effect,
and provides information in
speaker notes
Analyzes unemployment and
inflation data during the time
frame, but does not relate
analysis to output and growth,
does not use macroeconomic
principles and models to explain
their effect, or does not provide
information in speaker notes
Does not analyze unemployment
and inflation data during the time
frame
6.4
Examination:
Unemployment:
Events
Meets “Proficient” criteria and
offers a nuanced insight into the
relationship between events,
unemployment, and inflation
Applies specific models
developed throughout the course
to demonstrate how relevant
historical/or and current events
have influenced both
unemployment and inflation
during the time period, and
provides information in speaker
notes
Applies specific models
developed throughout the course
to demonstrate how relevant
historical and current events have
influenced both unemployment
and inflation during this time
period, but events chosen are not
relevant, or does not provide
information in speaker notes
Does not apply specific models
developed throughout the course
to demonstrate relevant events’
influence on unemployment and
inflation
6.4
Examination: Interest
Rate Fluctuations
Meets “Proficient” criteria and
relates fluctuations to all other
factors of the economy
Analyzes interest rate fluctuations
throughout the time period and
their effect on other aspects of
the economy, such as inflation,
investment, foreign trade, and
the GDP, and provides
information in speaker notes
Analyzes interest rate fluctuations
throughout the time period, but
does not relate this to their effect
on other aspects of the economy
such as inflation, investment,
foreign trade, and the GDP, or
does not provide information in
speaker notes
Does not analyze interest rate
fluctuations throughout the time
period
6.4
Examination: Foreign
Trade: Imports and
Exports
Meets “Proficient” criteria and
provides specific detail in
presenting the data
Accurately analyzes data
representing levels of U.S.
imports and exports during the
time period as they relate to
other economic outcomes, and
provides information in speaker
notes
Analyzes data representing levels
of U.S. imports and exports
during the time period, but does
not relate data to other economic
outcomes, does not provide
information in speaker notes, or
analysis is inaccurate
Does not analyze data
representing levels of U.S.
imports and exports during the
time period
6.4
Examination: Foreign
Trade: Models
Meets “Proficient” criteria and
offers a nuanced insight into the
relationship between events and
changes in imports and exports
Applies specific models
developed throughout the course
to demonstrate how domestic
and foreign events have impacted
the level of and changes in
imports and exports in the United
States, and provides information
in speaker notes
Applies specific models
developed throughout the course
to demonstrate how domestic
and foreign events have impacted
the level of and changes in
imports and exports in the United
States, but events chosen are not
relevant, or does not provide
information in speaker notes
Does not apply specific models
developed throughout the course
to demonstrate impact of
domestic and foreign events on
foreign trade
6.4
Government Policies:
Fiscal: Policies
Meets “Proficient” criteria and
cites scholarly research to
support the relation between the
policies and the issues
Examines the fiscal policies in
place at the start of the specific
time period in relation to their
effects on macroeconomic issues,
and provides information in
speaker notes
Examines the fiscal policies in
place at the start of the specific
time period, but does not relate
this to their effects on
macroeconomic issues, or does
not provide information in
speaker notes
Does not explain the fiscal
policies in place at the start of the
specific time period
6.4
Government Policies:
Fiscal: Policy Actions
Meets “Proficient” criteria and is
well qualified and cites scholarly
research with specific examples
and references
Analyzes new fiscal policy actions
undertaken by the U.S.
government throughout the time
period by describing their
intended effects, uses
macroeconomic principles to
explain the actions, and provides
information in speaker notes
Analyzes new fiscal policy actions
undertaken by the U.S.
government throughout the time
period, but does not describe
their intended effects, does not
use macroeconomic principles to
explain the actions, or does not
provide information in speaker
notes
Does not analyze new fiscal policy
actions undertaken by the U.S.
government throughout the time
period
6.4
Government Policies:
Fiscal: Impact
Meets “Proficient” criteria and
uses concrete examples to
substantiate claims and to
comprehensively describe the
policy results
Comprehensively explains the
impact of the new fiscal policy
actions on individuals and
businesses within the economy
by integrating the
macroeconomic data and
principles, and provides
information in speaker notes
Explains the impact of the new
fiscal policy actions on individuals
and businesses within the
economy, but is not
comprehensive, does not
integrate the macroeconomic
data and principles, or does not
provide information in speaker
notes
Does not explain the impact of
the new fiscal policy actions on
individuals and businesses within
the economy
6.4
Government Policies:
Monetary: Policies
Meets “Proficient” criteria and
cites scholarly research to
support the relation between the
policies and the issues
Examines the monetary policies
in place at the start of the
selected time period in relation to
their effects on macroeconomic
issues, and provides information
in speaker notes
Examines the monetary policies
in place at the start of the
selected time period, but does
not relate them to their effects on
macroeconomic issues, or does
not provide information in
speaker notes
Does not examine the monetary
policies in place at the start of the
selected time period
6.4
Government Policies:
Monetary: Policy
Actions
Meets “Proficient” criteria and is
well qualified and cites scholarly
research with specific examples
and references
Analyzes new monetary policy
actions undertaken by the U.S.
government throughout the time
period by describing their
intended effects, uses
macroeconomic principles to
explain the actions, and provides
information in speaker notes
Analyzes new monetary policy
actions undertaken by the U.S.
government throughout the time
period, but does not describe
their intended effects, does not
use macroeconomic principles to
explain the actions, or does not
provide information in speaker
notes
Does not analyze new monetary
policy actions undertaken by the
U.S. government throughout the
time period
6.4
Government Policies:
Monetary: Impact
Meets “Proficient” criteria and
uses concrete examples to
substantiate claims and to
comprehensively describe the
policy results
Comprehensively explains the
impact of the new monetary
policy actions on individuals and
businesses within the economy
by integrating the
macroeconomic data and
principles, and provides
information in speaker notes
Explains the impact of the new
monetary policy actions on
individuals and businesses within
the economy, but is not
comprehensive, does not
integrate the macroeconomic
data and principles, or does not
provide information in speaker
notes
Does not explain the impact of
the new monetary policy actions
on individuals and businesses
within the economy
6.4
Conclusion: Trends
and Outcomes
Meets “Proficient” criteria and
highlights specific examples to
demonstrate trends and
outcomes
Summarizes the overall trends
and outcomes of the 10-year
period by effectively integrating
the data, economic models, and
historical analysis, and provides
information in speaker notes
Summarizes the overall trends
and outcomes of the 10-year
period, but does not integrate the
data, economic models, and
historical analysis effectively,
does not apply all three elements,
or does not provide information
in speaker notes
Does not summarize the overall
trends and outcomes of the 10-
year period
6.4
Conclusion:
Agreement or
Disagreement
Meets “Proficient” criteria, and
point of view is well supported
and plausible
Defends whether the student
agrees or disagrees with the
actions taken by the U.S.
government during the selected
time period based upon student’s
analysis and application of the
macroeconomic theories, and
provides information in speaker
notes
Defends whether the student
agrees or disagrees with the
actions taken by the U.S.
government during the selected
time period based upon student’s
analysis and application of the
macroeconomic theories, but
defense is weak, does not
accurately analyze and apply
theories, or does not provide
information in speaker notes
Does not defend whether the
student agrees or disagrees with
the actions taken by the U.S.
government during the selected
time period
6.4
Articulation of
Response
Submission is free of errors
related to citations, grammar,
spelling, syntax, and organization
and is presented in a professional
and easy-to-read format
Submission has no major errors
related to citations, grammar,
spelling, syntax, or organization
Submission has major errors
related to citations, grammar,
spelling, syntax, or organization
that negatively impact readability
and articulation of main ideas
Submission has critical errors
related to citations, grammar,
spelling, syntax, or organization
that prevent understanding of
ideas
4
Earned Total 100%

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Presentation TitleYour NameECO 202Instructor NameE.docx

  • 1. Presentation Title Your Name ECO 202 Instructor Name ECO 202 Choose a title for your presentation. Include your name, the course name and the assignment name. 1 Ten-Year Period of U.S. Economic History Overview This slide should include a brief overview of the 10-year period between 1950 and today that you chose for this presentation. ECO 202 Write a brief overview of the time period you chose. To give greater impact make sure to be brief in the slide and explain in the speaker’s notes. Imagine that you have to present the PPT to an audience. The slides are an outline for the audience to follow your presentation. The speaker’s notes would be what you are going to say. 2 GDP (1–2 slides)
  • 2. Gross Domestic Product (GDP) and Growth Show a graph of real GDP growth rates for each year of your decade and highlight significant changes in growth rates, such as dips or negative growth (recession) or booms (economic expansion) Real GDP data can be found here at FRED, the research database of the St. Louis Federal Reserve – adjust the data to your 10 year period and use these numbers to calculate the growth rate Here is a video to introduce you to using the FRED site Choose two or three of the most relevant events from this time period that impacted the U.S. economy. Apply specific models developed throughout the course to demonstrate how these events influenced national output during this time period. You can use the GDP formula to explain how an event impacted GDP growth. For instance, if there was large increase in military spending because of a war, we would expect to see an increase in GDP. Be sure the connections you make are supported by the data you present. ECO 202 Start with the first topic you want to present. First research the main idea you want to talk about, research sources, images/graphs/diagrams/tables. Try to express the main concepts in a brief manner, such as bullet points, images with key words. Explain the slide in the speaker’s notes. 3 Unemployment and Inflation (1–2 slides)
  • 3. Analyze unemployment and inflation data as to their relation to output and growth, using macroeconomic principles and models to explain their effect. Show graphs of both annual inflation rates and annual unemployment rates throughout your decade. Find data on inflation rates here Find data on unemployment here Explain how inflation and unemployment are calculated for the data presented Discuss how changes in both are related to changes in GDP growth Apply specific models developed throughout the course to demonstrate how the previously selected events influenced both unemployment and inflation during this time period. Discuss how the events impacted both economic indicators For the final draft, look to include our AD-AS model to illustrate how events led the changes observed in both ECO 202 Make sure to include speaker’s notes. 4 Interest Rates (1–2 slides) Analyze interest rate fluctuations throughout this time period and their effects on other aspects of the economy. Show graph of interest rates during your time period – there are different rate to choose from, like the Federal Funds Rate, the 3-Month Treasury Rate or the Bank Prime Loan Rate which will each give a sense of the level of interest rates and the trend throughout the decade Then discuss the following: How would these fluctuations affect/be affected by inflation? Would investments and foreign trade rates increase or decrease? How would the GDP of the American economy be affected?
  • 4. To answer the above questions, consider the relationship between interest rates and GDP ECO 202 Include Speaker’s notes. 5 Foreign Trade: Imports and Exports For this element, you are to provide data on levels of imports and exports throughout your decade. As with the other economic data, annual numbers for each year of your decade is ideal. In this case, you may want to look at the value of imports and exports in real (inflation-adjusted) dollars or you can present them as a % of GDP. In your analysis of the data, make connections to other aspects of the economy, such as the exchange rate. An example might be a stronger dollar leads to more imports - since our dollar can buy more foreign currency than before, it also means it can buy more foreign goods and services (all other things being equal) and so would lead to an increase in imports. The Census Bureau collects data on imports and exports and their data is compiled on other reliable website for easy access: You can find export data here You can find import data here ECO 202 Foreign Trade: Models This follows well from the analysis of import and export data, where you can relate the trade levels to events within our economy and within our trading partners' economies. For example, the Great Recession saw incomes decrease in most of the Western world and we know that demand for imports is determined by income. If demand for goods and services decrease, we should see a decrease in exports and imports all
  • 5. around the affected countries, the US included. This shows the application of the AD-AS model, with a shifting demand curve. Consider also any relevant trade agreements during this time to explore changes in patterns of trade based on comparative advantage, another key economic model. ECO 202 Fiscal Policy This rubric element wants you to look at the policies in place at the start of your chosen decade. You will need to provide details on the policies and examine how they were related to macroeconomic issues at the time. Your slide(s) on this will highlight the key points and your speaker notes will add the explanatory detail needed. You may need to take a peak at what was happening in the years leading up to the start of your decade. Your work here should include scholarly research which you can best find information on specific fiscal policies, search by President instead of by years – start with these sites: Congressional Budget Office White House website National Bureau of Economic Research ECO 202 Fiscal Policy Actions This rubric element wants you to examine what the fiscal policy initiatives were going forward, to respond to the changing economic landscape. You should specifically state what the intent of the actions were - for instance, it could be to decrease unemployment. Then, use our macroeconomic principles and models (like the AD-AS model or Keynesianconsumptionfunction) to explain why the action would lead to the outcome desired by the government.
  • 6. Keep the main points (and any use of graphs to show the economic models) on the slide and use the speaker notes to add full explanation. Scholarly research is required here as well (this may overlap with research from the previous element, as appropriate). ECO 202 Fiscal Policy Impact After looking at what the government set out to do and why, you will now examine if it actually worked. You will look at the macroeconomic data (which you already gathered in milestone one) to see if policy actions achieved their goals. For instance, if President Johnson's "War on Poverty" aimed to reduce poverty in the U.S. and, in doing so, create a stronger economy. With less poverty, we should see increased consumption and higher growth rates. Keep in mind that there may be times when the government misread the economy and implemented a policy that had unintended effects so its important to compare what was observed after the policy in the macroeconomic data to what the policy objectives were. ECO 202 Monetary Policy This rubric element wants you to look at the monetary policies in place at the start of your chosen decade. Remember that the Federal Reserve controls our monetary policy and they have a four main goals: Price Stability High Employment Economic Growth Financial Market Stability The main tools the Fed uses are the decreasing or increasing of the money supply (through open market operations, changing
  • 7. the required-reserve ratio, and changing the discount rate) and changes to interest rates. Be sure to read up on these policy tools the Fed uses in our textbook and check out this video for further understanding The San Francisco Federal Reserve is a valuable resource for research on Federal Reserve history The Federal Open Market Committee (the part of the Federal Reserve that controls open market operattions) has site where you can access transcripts of meetings and other historical materials – just enter the year you need! ECO 202 Monetary Policy This rubric element wants you to look at the monetary policies in place at the start of your chosen decade. Remember that the Federal Reserve controls our monetary policy and they have a four main goals: Price Stability High Employment Economic Growth Financial Market Stability The main tools the Fed uses are the decreasing or increasing of the money supply (through open market operations, changing the required-reserve ratio, and changing the discount rate) and changes to interest rates. Be sure to read up on these policy tools the Fed uses in our textbook and check out this video for further understanding The San Francisco Federal Reserve is a valuable resource for research on Federal Reserve history The Federal Open Market Committee (the part of the Federal Reserve that controls open market operattions) has site where you can access transcripts of meetings and other historical materials – just enter the year you need!
  • 8. ECO 202 Monetary Policy Actions This rubric element wants you to examine what the monetary policy initiatives were going forward, to respond to the changing economic landscape throughout your decade. You should specifically state what the intent of the actions were - for instance, the Fed may have used expansionary policy to help expand the economy in response to a recession. Such policies could have been buying up government bonds - this puts money into the economy since the Fed is buying these bonds from a bank and then the bank can use that money in the economy. This open-market operation increases the money supply. Then, use our macroeconomic principles and models (like the Supply and Demand of Money model, AD-AS model to show impact of interest rates on equilibrium GDP, Phillips Curve, etc.) to explain why the action would lead to the outcome desired by the government. Keep the main points (and any use of graphs to show the economic models) on the slide and use the speaker notes to add full explanation. Scholarly research is required here as well (this may overlap with research from the previous element, as appropriate). ECO 202 Monetary Policy Impact After looking at what the Fed set out to do and why, you will now examine if it actually worked. You will look at the macroeconomic data (which you already gathered in milestone one - feel free to add more here if needed to support your analysis) to see if policy actions achieved their goals. For instance, if the Fed raised interest rates as a contractionary policy aimed at slowing down inflation, did it work?
  • 9. There might also be examples of where the Fed misread the economic landscape and initiated expansionary policy when they should have taken on contractionary policy, or vice versa. Consider all actions taken by the Fed during your decade and analyze their impact on the overall economy, paying particular attention to GDP growth rates, unemployment and inflation. ECO 202 Conclusions For this element, you will take all the data, history and policy analysis you have presented and summarize it in a coherent and thorough manner. Basically, this is your time to tell the economic story of the decade and make all the necessary connections now that your analysis is done. Be sure to include specific examples and data points that help tell the story. ECO 202 Speaker’s notes. 15 “Agree/Disagree” Here, you will state whether you agree or disagree with fiscal and monetary policy actions taken. It is possible that some actions you agree with and other you disagree with - that is fine. You can discuss your reasons for disagreement or agreement on a case-by-case basis. In your argument, be sure you are using our economic models and concepts to support you and not just your own opinion or feeling about what is best. For instance, saying that we should not have spent money on government programs because it's not fair to give out money to people would not be an macroeconomics-based reason. You could say that increased government spending through expansionary fiscal policy created too much inflation later on and so you disagree with that action.
  • 10. ECO 202 References Include references in APA style. ECO 202 17 1 Copyright © 2012, Elsevier Inc. All Rights Reserved Chapter 6 Depth Cyber Attacks Protecting National Infrastructure, 1st ed. 2 • Any layer of defense can fail at any time, thus the introduction of defense in depth • A series of protective elements is placed between an asset and the adversary
  • 11. • The intent is to enforce policy across all access points Copyright © 2012, Elsevier Inc. All rights Reserved C h a p te r 6 – D e p th Introduction 3 Fig. 6.1 – General defense in depth schema Copyright © 2012, Elsevier Inc. All rights Reserved C h
  • 12. a p te r 6 – D e p th 4 • Quantifying the effectiveness of a layered defense is often difficult • Effectiveness is best determined by educated guesses • The following are relevant for estimating effectiveness – Practical experience – Engineering analysis – Use-case studies – Testing and simulation Copyright © 2012, Elsevier Inc. All rights Reserved C
  • 13. h a p te r 6 – D e p th Effectiveness of Depth 5 Copyright © 2012, Elsevier Inc. All rights Reserved C h a p te r 6 – D e p th
  • 14. Fig. 6.2 – Moderately effective single layer of protection 6 • When a layer fails, we can conclude it was either flawed or unsuited to the target environment • No layer is 100% effective—the goal of making layers “highly” effective is more realistic Copyright © 2012, Elsevier Inc. All rights Reserved C h a p te r 6 – D e p th Effectiveness of Depth
  • 15. 7 Copyright © 2012, Elsevier Inc. All rights Reserved C h a p te r 6 – D e p th Fig. 6.3 – Highly effective single layer of protection 8 Copyright © 2012, Elsevier Inc. All rights Reserved C h a p te
  • 16. r 6 – D e p th Fig. 6.4 – Multiple moderately effective layers of protection 9 • A national authentication system for every citizen would remove the need for multiple passwords, passphrases, tokens, certificates, and biometrics that weaken security • Single sign-on (SSO) would accomplish this authentication simplification objective • However, SSO access needs to be part of a multilayered defense Copyright © 2012, Elsevier Inc. All rights Reserved C h a p te
  • 17. r 6 – D e p th Layered Authentication 10 Copyright © 2012, Elsevier Inc. All rights Reserved C h a p te r 6 – D e p th Fig. 6.5 – Schema showing two layers of end-user authentication
  • 18. 11 Copyright © 2012, Elsevier Inc. All rights Reserved C h a p te r 6 – D e p th Fig. 6.6 – Authentication options including direct mobile access 12 Layered E-Mail Virus and Spam Protection • Commercial environments are turning to virtual, in- the-cloud solutions to filter e-mail viruses and spam • To that security layer is added filtering software on
  • 19. individual computers • Antivirus software helpful, but useless against certain attacks (like botnet) Copyright © 2012, Elsevier Inc. All rights Reserved C h a p te r 6 – D e p th 13 Copyright © 2012, Elsevier Inc. All rights Reserved C h a p te
  • 20. r 6 – D e p th Fig. 6.7 – Typical architecture with layered e-mail filtering 14 • Layering access controls increases security • Add to this the limiting of physical access to assets • For national infrastructure, assets should be covered by as many layers possible – Network-based firewalls – Internal firewalls – Physical security Copyright © 2012, Elsevier Inc. All rights Reserved C h a p
  • 21. te r 6 – D e p th Layered Access Controls 15 Fig. 6.8 – Three layers of protection using firewall and access controls Copyright © 2012, Elsevier Inc. All rights Reserved C h a p te r 6 – D e p th
  • 22. 16 • Five encryption methods for national infrastructure protection – Mobile device storage – Network transmission – Secure commerce – Application strengthening – Server and mainframe data storage Copyright © 2012, Elsevier Inc. All rights Reserved C h a p te r 6 – D e p th Layered Encryption
  • 23. 17 Copyright © 2012, Elsevier Inc. All rights Reserved C h a p te r 6 – D e p th Fig. 6.9 – Multple layers of encryption 18 • The promise of layered intrusion detection has not been fully realized, though it is useful • The inclusion of intrusion response makes the layered approach more complex • There are three opportunities for different intrusion
  • 24. detection systems to provide layered protection – In-band detection – Out-of-band correlation – Signature sharing Copyright © 2012, Elsevier Inc. All rights Reserved C h a p te r 6 – D e p th Layered Intrusion Detection 19 Copyright © 2012, Elsevier Inc. All rights Reserved C
  • 25. h a p te r 6 – D e p th Fig. 6.10 – Sharing intrusion detection information between systems 20 • Developing a multilayered defense for national infrastructure would require a careful architectural analysis of all assets and protection systems – Identifying assets – Subjective estimations – Obtaining proprietary information – Identifying all possible access paths Copyright © 2012, Elsevier Inc. All rights Reserved C
  • 26. h a p te r 6 – D e p th National Program of Depth ECO 202 Final Project Guidelines and Rubric Overview The final project for this course is the creation of economic history analysis presentation. Macroeconomics is the part of the study of economics that is concerned with the aggregate or the whole. Macroeconomics provides us with tools and methods to understand how our economy works as a whole. It deals with economy-wide issues such as price levels, employment, national income, and growth. As a student of macroeconomics, you will learn how to understand the changes occurring throughout our economy and how our economy is influenced by our decisions, by our government, and by other countries.
  • 27. In this assignment, you will perform an in-depth analysis of a 10-year period in U.S. economic history between 1950 and today. In your analysis, you will examine macroeconomic data, basic macroeconomic principles, government actions, and historical/current events to give a clear and comprehensive picture of your chosen time period and detail how they are related to one another. The project is divided into three milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Two, Four, and Five. The final project will be submitted in Module Seven. In this assignment, you will demonstrate your mastery of the following course outcomes: for drawing connections between the events and their economic impact and monetary policy actions for their impact on the economy economic outcomes and forecasting their influence on industries and households Prompt For this assignment, you will first need to choose a 10-year
  • 28. period in U.S. economic history between 1950 and today. You will then present the data collected from government sources related to a variety of macroeconomic phenomena and analyze them in conjunction with the models and core principles to explain the economy-wide changes during your chosen time period. You will also examine the events of the time in their relation to the macroeconomic issues as well as the corresponding government actions taken (fiscal and monetary policies) to address the issues. The final presentation should be 15–20 slides using PowerPoint, Prezi, Keynote, or PreZentit, including title and reference slides. Be sure to include speaker notes to accompany the data and graphs, information, and explanations presented on the slide. Specifically, the following critical elements must be addressed: I. Examination of Macroeconomic Data (Be sure to include speaker notes to accompany all of your responses.) a) Gross Domestic Product (GDP) and Growth i. Analyze the annual GDP during the time frame to calculate specific growth rates and trends in the U.S. economy. ii. Choose two or three of the most relevant historical and/or current events during this time period that impacted the U.S. economy. Apply specific models developed throughout the course to demonstrate how these events influenced national output during this time. b) Unemployment and Inflation i. Analyze unemployment and inflation data during the time
  • 29. frame in their relation to output and growth, using macroeconomic principles and models to explain their effect. ii. Apply specific models developed throughout the course to demonstrate how the previously selected historical and/or current events influenced both unemployment and inflation during this time. c) Analyze interest rate fluctuations throughout this time period and their effects on other aspects of the economy. How would these fluctuations affect inflation? Would investments and foreign trade rates increase or decrease? How would the GDP of the American economy be affected? d) Foreign Trade i. Analyze data representing levels of U.S. imports and exports during this time. How do they relate to other economic outcomes such as the GDP, foreign exchange rates, and so on? ii. Apply specific models developed throughout the course to demonstrate how domestic and foreign events (e.g., wars, changes in trade barriers, development abroad) have impacted the level of and changes in imports and exports in the United States. II. Government Policies (Be sure to include speaker notes to accompany all of your responses.) a) Fiscal Policy i. Examine the fiscal policies in place at the start of your specific time period in relation to their effects on
  • 30. macroeconomic issues. For instance, consider level of government spending, taxation, subsidies, unemployment benefits, and so on. ii. Analyze new fiscal policy actions undertaken by the U.S. government throughout the time period by describing their intended effects, using macroeconomic principles to explain the actions. iii. Explain the impact of the new fiscal policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles. b) Monetary Policy i. Examine the monetary policies in place at the start of your specific time period in relation to their effects on macroeconomic issues. For instance, consider the discount rate set by the Fed, the rates on reserves, open market operations, and so on. ii. Analyze new monetary policy actions undertaken by the U.S. government throughout the time period by describing their intended effects, using macroeconomic principles to explain the actions. iii. Explain the impact of the new monetary policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles. III. Conclusion (Be sure to include speaker notes to accompany all of your responses.) a) Summarize the overall trends and outcomes of this 10-year period by integrating the data, economic models, and historical
  • 31. analysis. b) Defend your agreement or disagreement with the actions taken by the U.S. government during this time based upon your analysis and application of the macroeconomic theories. Milestones Milestone One: Macroeconomic Data Report In Module Two, you will submit the first three sections of your final project as outlined in Section I, parts a), b), and c). 1) Choose a 10-year period in the history of the U.S. between 1950 and today. All responses will be related to that timeframe. b) Gross Domestic Product (GDP) and Growth i. Analyze the annual GDP to calculate specific growth rates and trends in the U.S. economy. ii. Choose two or three of the most relevant events from this time period that impacted the U.S. economy. Apply specific models developed throughout the course to demonstrate how these events influenced national output during this time period. c) Unemployment and Inflation i. Analyze unemployment and inflation data as to their relation to output and growth, using macroeconomic principles and models to explain their effect. ii. Apply specific models developed throughout the course to
  • 32. demonstrate how the previously selected events influenced both unemployment and inflation during this time period. d) Analyze interest rate fluctuations throughout this time period and their effects on other aspects of the economy. How would these fluctuations affect inflation? Would investments and foreign trade rates increase or decrease? How would the GDP of the American economy be affected? 2) Present your research with 4–6 slides in PowerPoint, Prezi, Keynotes, or PreZentit, not including title page and references. Be sure to include speaker notes to accompany all of your responses. 3) Apply APA formatting to citations and references. This milestone will be graded with the Milestone One Rubric. Milestone Two: Fiscal Policies In Module Four, you will submit a section of your final project pertaining to fiscal policies as outlined in Section II, part a). 1) Continue your observation of the 10-year period selected for Milestone One, and research the government policies implemented during those years. a) Fiscal Policy i. Examine the fiscal policies in place at the start of your specific time period in relation to their effects on macroeconomic issues. For
  • 33. instance, consider level of government spending, taxation, subsidies, unemployment benefits, and so on. Analyze new fiscal policy actions undertaken by the U.S. government throughout the time period by describing their intended effects, using macroeconomic principles to explain the actions. ii. Explain the impact of the new fiscal policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles. 2) Present your research with 3–5 slides in PowerPoint, Prezi, Keynotes or PreZentit, not including title page and references. Be sure to include speaker notes to accompany all of your responses. 3) Apply APA formatting to citations and references. This milestone will be graded with the Milestone Two Rubric. Milestone Three: Monetary Policies In Module Five, you will submit a section of your final project pertaining to monetary policies as outlined in Section II, part b). 1) Continue your observation of the 10-year period selected for
  • 34. Milestone One and research the Government Policies implemented during those years. a) Monetary Policy i. Examine the monetary policies in place at the start of your specific time period in relation to their effects on macroeconomic issues. For instance, consider the discount rate set by the Fed, the rates on reserves, open market operations, and so on. ii. Analyze new monetary policy actions undertaken by the U.S. government throughout the time period by describing their intended effects, using macroeconomic principles to explain the actions. iii. Explain the impact of the new monetary policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles. 2) Present your research with 3–5 slides in PowerPoint, Prezi, Keynotes or PreZentit, not including title page and references. Be sure to include speaker notes to accompany all of your responses. 3) Apply APA formatting to citations and references. This milestone will be graded with the Milestone Three Rubric. Final Project: Economic History Analysis Presentation In Module Seven, you will submit your final project. It will include new research on foreign trade practices (Section I, part d), will draw conclusions (Section III),
  • 35. and integrate all milestones and feedback. It should be a complete, polished artifact containing all of the critical elements of the final product. 1) Research and present, in 3–4 slides, foreign trade practices and policies of the 10-year period you researched for Milestones One, Two, and Three. a) Analyze data representing levels of U.S. imports and exports during this time. How do they relate to other economic outcomes such as the GDP, foreign exchange rates, and so on? b) Apply specific models developed throughout the course to demonstrate how domestic and foreign events (e.g., wars, changes in trade barriers, development abroad) have impacted the level of and changes in imports and exports in the United States. 2) Draw conclusions to the research carried out throughout the course. a) Summarize the overall trends and outcomes of this 10-year period by integrating the data, economic models, and historical analysis. b) Defend your agreement or disagreement with the actions taken by the U.S. government during this time based upon your analysis and application of the macroeconomic theories.
  • 36. 3) Incorporate and integrate this information with the slides developed during Milestones One, Two, and Three into a 15–20- slide presentation that covers all the critical elements of the assignment. Be sure to include speaker notes to accompany all of your responses. 4) Apply APA formatting to citations and references. The final project will be graded using the Final Project Rubric. Deliverables Milestone Deliverables Module Due Grading 1 Macroeconomic Data Report Two Graded separately; Milestone One Rubric 2 Fiscal Policies Report Four Graded separately; Milestone Two Rubric 3 Monetary Policies Report Five Graded separately; Milestone Three Rubric Final Submission: Economic History Analysis Presentation Seven Graded separately; Final Project Rubric
  • 37. Final Project Rubric Guidelines for Submission: Your economic history analysis presentation should be 15–20 slides, including title and reference slides, and include speaker notes to accompany the slides. Your reference list slide needs to be in APA format. Critical Elements Exemplary (100%) Proficient (85%) Needs Improvement (55%) Not Evident (0%) Value Examination: GDP: Growth Rates and Trends Meets “Proficient” criteria and explains relevance of the growth rates observed Accurately analyzes the annual GDP during the time frame to calculate specific growth rates and trends in the U.S. economy and provides information in speaker notes Analyzes the annual GDP during the time frame to calculate specific growth rates and trends in the U.S. economy, but analysis is inaccurate, or does not provide information in speaker notes
  • 38. Does not analyze the annual GDP during the time frame 6.4 Examination: GDP: Influenced National Output Meets “Proficient” criteria and offers a nuanced insight into the relationship between events and national output Applies specific models developed throughout the course to demonstrate how relevant historical and/or current events have influenced national output during the time period, and provides information in speaker notes Applies specific models developed throughout the course to demonstrate how relevant historical and current events have influenced national output during the time period, but events chosen are not relevant, or does not provide information in speaker notes
  • 39. Does not apply specific models developed throughout the course to demonstrate influence on national output 6.4 Examination: Unemployment and Inflation: Output and Growth Meets “Proficient” criteria and explains how data is collected and calculated Analyzes unemployment and inflation data during the time frame in their relation to output and growth, using macroeconomic principles and models to explain their effect, and provides information in speaker notes Analyzes unemployment and inflation data during the time frame, but does not relate analysis to output and growth, does not use macroeconomic principles and models to explain their effect, or does not provide information in speaker notes
  • 40. Does not analyze unemployment and inflation data during the time frame 6.4 Examination: Unemployment: Events Meets “Proficient” criteria and offers a nuanced insight into the relationship between events, unemployment, and inflation Applies specific models developed throughout the course to demonstrate how relevant historical/or and current events have influenced both unemployment and inflation during the time period, and provides information in speaker notes Applies specific models developed throughout the course to demonstrate how relevant historical and current events have influenced both unemployment and inflation during this time period, but events chosen are not relevant, or does not provide information in speaker notes
  • 41. Does not apply specific models developed throughout the course to demonstrate relevant events’ influence on unemployment and inflation 6.4 Examination: Interest Rate Fluctuations Meets “Proficient” criteria and relates fluctuations to all other factors of the economy Analyzes interest rate fluctuations throughout the time period and their effect on other aspects of the economy, such as inflation, investment, foreign trade, and the GDP, and provides information in speaker notes Analyzes interest rate fluctuations throughout the time period, but does not relate this to their effect on other aspects of the economy such as inflation, investment, foreign trade, and the GDP, or does not provide information in speaker notes
  • 42. Does not analyze interest rate fluctuations throughout the time period 6.4 Examination: Foreign Trade: Imports and Exports Meets “Proficient” criteria and provides specific detail in presenting the data Accurately analyzes data representing levels of U.S. imports and exports during the time period as they relate to other economic outcomes, and provides information in speaker notes Analyzes data representing levels of U.S. imports and exports during the time period, but does not relate data to other economic outcomes, does not provide information in speaker notes, or analysis is inaccurate Does not analyze data representing levels of U.S. imports and exports during the
  • 43. time period 6.4 Examination: Foreign Trade: Models Meets “Proficient” criteria and offers a nuanced insight into the relationship between events and changes in imports and exports Applies specific models developed throughout the course to demonstrate how domestic and foreign events have impacted the level of and changes in imports and exports in the United States, and provides information in speaker notes Applies specific models developed throughout the course to demonstrate how domestic and foreign events have impacted the level of and changes in imports and exports in the United States, but events chosen are not relevant, or does not provide information in speaker notes Does not apply specific models developed throughout the course to demonstrate impact of domestic and foreign events on foreign trade
  • 44. 6.4 Government Policies: Fiscal: Policies Meets “Proficient” criteria and cites scholarly research to support the relation between the policies and the issues Examines the fiscal policies in place at the start of the specific time period in relation to their effects on macroeconomic issues, and provides information in speaker notes Examines the fiscal policies in place at the start of the specific time period, but does not relate this to their effects on macroeconomic issues, or does not provide information in speaker notes Does not explain the fiscal policies in place at the start of the specific time period 6.4 Government Policies: Fiscal: Policy Actions
  • 45. Meets “Proficient” criteria and is well qualified and cites scholarly research with specific examples and references Analyzes new fiscal policy actions undertaken by the U.S. government throughout the time period by describing their intended effects, uses macroeconomic principles to explain the actions, and provides information in speaker notes Analyzes new fiscal policy actions undertaken by the U.S. government throughout the time period, but does not describe their intended effects, does not use macroeconomic principles to explain the actions, or does not provide information in speaker notes Does not analyze new fiscal policy actions undertaken by the U.S. government throughout the time period 6.4 Government Policies:
  • 46. Fiscal: Impact Meets “Proficient” criteria and uses concrete examples to substantiate claims and to comprehensively describe the policy results Comprehensively explains the impact of the new fiscal policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles, and provides information in speaker notes Explains the impact of the new fiscal policy actions on individuals and businesses within the economy, but is not comprehensive, does not integrate the macroeconomic data and principles, or does not provide information in speaker notes Does not explain the impact of the new fiscal policy actions on individuals and businesses within the economy 6.4 Government Policies:
  • 47. Monetary: Policies Meets “Proficient” criteria and cites scholarly research to support the relation between the policies and the issues Examines the monetary policies in place at the start of the selected time period in relation to their effects on macroeconomic issues, and provides information in speaker notes Examines the monetary policies in place at the start of the selected time period, but does not relate them to their effects on macroeconomic issues, or does not provide information in speaker notes Does not examine the monetary policies in place at the start of the selected time period 6.4 Government Policies: Monetary: Policy Actions Meets “Proficient” criteria and is
  • 48. well qualified and cites scholarly research with specific examples and references Analyzes new monetary policy actions undertaken by the U.S. government throughout the time period by describing their intended effects, uses macroeconomic principles to explain the actions, and provides information in speaker notes Analyzes new monetary policy actions undertaken by the U.S. government throughout the time period, but does not describe their intended effects, does not use macroeconomic principles to explain the actions, or does not provide information in speaker notes Does not analyze new monetary policy actions undertaken by the U.S. government throughout the time period 6.4 Government Policies: Monetary: Impact Meets “Proficient” criteria and uses concrete examples to
  • 49. substantiate claims and to comprehensively describe the policy results Comprehensively explains the impact of the new monetary policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles, and provides information in speaker notes Explains the impact of the new monetary policy actions on individuals and businesses within the economy, but is not comprehensive, does not integrate the macroeconomic data and principles, or does not provide information in speaker notes Does not explain the impact of the new monetary policy actions on individuals and businesses within the economy 6.4 Conclusion: Trends and Outcomes
  • 50. Meets “Proficient” criteria and highlights specific examples to demonstrate trends and outcomes Summarizes the overall trends and outcomes of the 10-year period by effectively integrating the data, economic models, and historical analysis, and provides information in speaker notes Summarizes the overall trends and outcomes of the 10-year period, but does not integrate the data, economic models, and historical analysis effectively, does not apply all three elements, or does not provide information in speaker notes Does not summarize the overall trends and outcomes of the 10- year period 6.4 Conclusion: Agreement or Disagreement Meets “Proficient” criteria, and point of view is well supported and plausible
  • 51. Defends whether the student agrees or disagrees with the actions taken by the U.S. government during the selected time period based upon student’s analysis and application of the macroeconomic theories, and provides information in speaker notes Defends whether the student agrees or disagrees with the actions taken by the U.S. government during the selected time period based upon student’s analysis and application of the macroeconomic theories, but defense is weak, does not accurately analyze and apply theories, or does not provide information in speaker notes Does not defend whether the student agrees or disagrees with the actions taken by the U.S. government during the selected time period 6.4 Articulation of Response Submission is free of errors related to citations, grammar, spelling, syntax, and organization
  • 52. and is presented in a professional and easy-to-read format Submission has no major errors related to citations, grammar, spelling, syntax, or organization Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas 4 Earned Total 100%