Directions:
In the introduction for this course, you were asked you to watch for three things you were curious about the economy. Use this curiosity as a springboard to preparing a 400 – 500 word exploration (roughly 1-2 pages) about economic policy.
Given that an economy is experiencing inflation in the 5-6% range and the Federal debt is at an all-time high, design an economic policy (that uses one or both of fiscal and/or monetary policy) to reduce the rate of inflation.
Make sure your exploration addresses the following:
Define what fiscal policy is
Explain the strengths and weaknesses of fiscal policy
Define what monetary policy is
Explain the strengths and weaknesses of monetary policy
Given that the actual policy choice is somewhat normative in nature, outline the policy you would choose to use and justify the policy based on the strengths and weaknesses of your options.
Describe which macroeconomic theory we reviewed you used as a basis to develop your policy.
General Directions:
Prepare your capstone as a word document.
(.doc or .docx format. No Google Docs)
The cumulative length of your capstone should be a minimum of 400 words in length.
Assignment formatting requirements:
Prepare a header, left justified with:
Your name
Class & Section # ie: Econ101-xx
Date
Capstone title, centered
Format the paper by…
12 point Ariel, Calibri, or New Times Roman fonts
Line spacing must be 1.15 or 1.5
Skip one line to begin a new paragraph.
Cite to all of your sources in an APA formatted bibliography
Rubric
Capstone Essay #3
Capstone Essay #3
Criteria Ratings Pts
This criterion is linked to a Learning OutcomeGrammatical Content & Instructions followed:
Evaluates whether assignment instructions were followed and grammatical structure and spelling is acceptable.
5 pts
No significant grammatical mistakes
Must be a minimum of three paragraphs. There may be one or two spelling/sentence structure mistakes that do not detract from the meaning and understanding of the written content.
4 pts
Significant grammatical mistake present
Must be a minimum of three paragraphs. There may be only one significant mistake that changes or makes unclear the writer’s intent – or a number of minor mistakes that do not change meaning – but do not establish a pattern of misspellings or poor grammatical structure.
3 pts
Organization & communication compromised
Only 2 paragraphs present, or more than one spelling or grammatical structure mistakes that compromise and change the meaning of the writer’s intent.
0 pts
Organization & Grammar Unacceptable
Presented as only one paragraph. Or… the spelling/grammatical structure present not only changes the meaning of the writer’s intent but also clearly displays a lack of proofreading.
5 pts
This criterion is linked to a Learning OutcomeWord Count:
Does the Capstone meet or exceed word count requirement? Based on MS Word document word count excluding headings, footings & titles
5 pts
500 words +
Exceptional
4 pts
400 – 500 words
Meets Standard
3 pts
360 – 400 words
Marginally at Standard
2 pts
320 – 360 words
Below Standard
0 pts
< 320 words
Unacceptable
5 pts
This criterion is linked to a Learning OutcomeDefinition of Fiscal Policy:
Definition & discussion of strengths & weaknesses
10 pts
Exceptional
A complete and thorough explanation is presented.
8.5 pts
Above Standard
A complete explanation is presented. There may be a minor error.
7 pts
Meets Standard
A complete explanation is presented. However there is a significant error in the description.
6 pts
Below Standard
The explanation is either incomplete or it contains multiple significant errors.
4 pts
Unacceptable
The explanation indicates that the individual clearly does not understand what the concept being addressed is.
0 pts
Missing
Question was not answered.
10 pts
This criterion is linked to a Learning OutcomeDefinition of Monetary Theory
Definition & discussion of strengths & weaknesses.
10 pts
Exceptional
A complete and thorough explanation is presented.
8.5 pts
Above Standard
A complete explanation is presented. There may be a minor error.
7 pts
Meets Standard
A complete explanation is presented. However there is a significant error in the description.
6 pts
Below Standard
The explanation is either incomplete or it contains multiple significant errors.
4 pts
Unacceptable
The explanation indicates that the individual clearly does not understand what the concept being addressed is.
0 pts
No Marks
10 pts
This criterion is linked to a Learning OutcomeOutline & justify the policy chosen
10 pts
Exceptional
A complete and thorough explanation is presented. It also clearly distinguishes this discussion from the macro theory involved.
8.5 pts
Above Standard
A complete and thorough explanation is presented. However, it may not clearly distinguish this discussion from the macro theory involved.
7 pts
Meets Standard
A complete explanation is presented. However there may be a significant error, multiple minor errors or minor omissions in the description.
6 pts
Below Standard
The explanation is either incomplete or it contains multiple significant errors.
4 pts
Unacceptable
The explanation indicates that the individual clearly does not understand what the concept being addressed is.
0 pts
No Marks
10 pts
This criterion is linked to a Learning OutcomeDiscussion of the Macro theory policy was based on
10 pts
Exceptional
A complete and thorough explanation is presented. It also clearly distinguishes this discussion from the justification for the policy chosen.
8.5 pts
Above Standard
A complete and thorough explanation is presented. It may not clearly distinguish this discussion from the policy chosen.
7 pts
Meets Standard
A complete explanation is presented. However there may be a significant error, multiple minor errors or minor omissions in the description.
6 pts
Below Standard
The explanation is either incomplete or it contains multiple significant errors.
4 pts
Unacceptable
The explanation indicates that the individual clearly does not understand what the concept being addressed is.
0 pts
No Marks
10 pts
Total Points: 50
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