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ECON545: Project 2—Macroeconomic Analysis

Question # 00019229
Subject: Economics
Due on: 09/30/2014
Posted On: 07/05/2014 12:49 PM

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ECON545: Project 2—Macroeconomic Analysis

The Macroeconomic Paper tests your ability to apply economic principles to a business decision considering the impact of macroeconomic variables. Select one situation from the items outlined below: A to D. Complete the paper on the selected situation as specified below. The completed paper is a professional report and is due in Week 6 (260 Points). See the grading rubric at the end of this document. Be sure to use the DeVry library to find data, and avoid questionable sources, such as Wikipedia.

Each of the scenarios has a list of Macroeconomic areas you are to address, with sources, in your answer. Briefly you are to research and show how these apply to your scenario: GDP growth rate (20 points), the business cycle (30 points), fiscal policy and level of unemployment (50 points), monetary policy and interest rates (50 points), international trade (40 points), and demographics (20 points).

Situation A

Rick, your friend, runs a small manufacturing plant that produces parts for the auto industry. Rick is thinking of expanding his operations to meet the increasing demand from car manufacturers. Hearing of your taking this course in business economics, he asks you for advice on how to go about making the expansion decision.

At first you are reluctant to give investment advice, but then you happen to read the piece “U.S. Auto Sales Estimates Cut as Confidence Slows Rebound” on page 634 of the textbook. You suddenly realize that Rick needs to take a number of macroeconomic variables into consideration for the expansion decision. You decide to research the economy in terms of GDP growth rate, interest rates, level of unemployment, the business cycle, fiscal policy, monetary policy, international trade, and demographics. You want to provide Rick with the most informed advice possible.

Situation B

Your neighbor Cindy wants to start a contracting business for installing solar panels. She has heard of the cost savings that households and businesses can make each year by installing solar panels on their roofs. Cindy has also heard of government incentives for installing solar panels. Being concerned about the environment and wishing to reduce pollution, Cindy thinks installing solar panels also serves a good social purpose. But she does not want to risk her life savings on a venture that might not succeed or become profitable enough. After hearing from you about taking this course in business economics, she decides to ask you for advice.

At first you are hesitant to give investment advice. Then you read the piece “Postal Service Considering Cutting 120,000 Jobs” on page 668 of the textbook. You realize there are more pieces to the decision than Cindy is considering. You decide to research the economy in terms of GDP growth rate, interest rates, level of unemployment, the business cycle, fiscal policy, monetary policy, international trade, and demographics. You want to provide Cindy with the most informed advice possible.

Situation C

Cousin Edgar is always thinking of the next business idea. This time, he plans to invest in buying four gas stations. He reckons American consumers have come to accept the high gasoline prices, and estimates world prices for gasoline to increase even further with high demand from India and China. Besides, Cousin Edgar thinks he will make a good profit on the sale of convenience items at each station. But before buying the gas stations, he decides to ask for your advice because you are taking this course in business economics.

You happened to read the piece “Bank Lending Signals a Strengthening Economy” on page 856 of the textbook. Cousin Edgar needs financing for his new business, but you realize there are more macroeconomic factors he needs to consider in timing his decision. You decide to research the economy in terms of GDP growth rate, interest rates, level of unemployment, the business cycle, fiscal policy, monetary policy, international trade, and demographics. You want to provide Cousin Edgar with the most informed advice possible.

Situation D

After hearing of your taking this course in business economics, Uncle Dan has e-mailed you asking for advice on his 100-acre corn farm. He mentioned how, after 30 years of growing corn, he wishes to leave that commodity’s market and enter a more profitable market instead. He is thinking of subdividing his land and building homes and shops. He reckons he could make a good profit by selling the homes and renting the shops.

Before you can find time to answer Uncle Dan’s e-mail, you read the piece “Will the Fed’s New Policies Revitalize the Housing Market?” on page 896 of the textbook. Recognizing the costs and risks for Uncle Dan in making the switch, you decide to research the economy in terms of GDP growth rate, interest rates, level of unemployment, the business cycle, fiscal policy, monetary policy, international trade, and demographics. You decide to educate yourself about macroeconomics so that you can provide Uncle Dan with the most informed advice possible.


Macroeconomic Paper as a Professional Report

Your paper should be organized into five parts as listed below.

  1. Title Page: Name, class, and date

  2. Introduction to situation but do NOT copy the scenario.Briefly summarize the situation and identify the macroeconomic issue(s) to be decided from the perspective of the organization.

  1. Relevant Economic Principles: Determinants of Demand, Supply, etc. and Relevant Data

Identify the variables that are critical in addressing the issue(s). Gather and present the relevant data on the variables by searching the DeVry Online Library. Ask a librarian for help if needed. Use in-text citation to report the source(s) of the data. Graphs may be included here.

  1. Recommendations and Economic Justification

Formulate and present your recommendations for addressing the issue(s) based on the relevant data and economic principles identified above. Justify your recommendations in terms of the economic impact on those affected.

  1. References

List the full references for at least five sources alphabetically in APA format.

Grading Rubric

Section

Points earned

Points

Description

Paper Presentation

10

Good format, citations, lack of spelling errors, etc.; correct Title page and Reference page

Relevant Data:

GDP, Business Cycle, International, Monetary Policy, Fiscal Policy, Demographics

210

GDP (20 points)

Business Cycles, Unemployment, Inflation (30 points)

International (40 points)

Monetary Policy and interest rates (50 points)

Fiscal Policy and unemployment (50 points)

Demographics (20 points)

Recommendations

40

What are your recommendations explained by your analysis?

Total

260


Tags analysis 2macroeconomic project econ545 points busine policy advice situation page unemployment international demographics monetary fiscal macroeconomic cycle paper data rates rate research level recommendations trade growth relevant cindy economic terms economy decide decision installing

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Preview: by xxxx sector xxx inflation rate xxx the unemployment xxxx would xxxx xxxx great xxxxxx on the xxxxxx and the xxxxxxxxxx of xxx xxxxxxxx in x S With xxxxx oil prices xxxx $120 xxx xxxxxxx it xx no wonder xxxx gas prices xxx so xxxx xx Oil xxxxxx affect not xxxx gasoline, but xxxxxxxxxx that xxxxxxxx xxxxxx gasoline xx well   xxxxxxxxx are more xxxxxxxxxx anything xxxx xx delivered xx a semi-truck xx higher than xxx even xxxxxxxxx xx simple xx ordering a xxxxx is costing x little xxxx xxxxx days xxxxxxxxxx the price xxxxxxxxxx of other xxxxx is xxxxxx xxxx the xxxxx elasticity of xxxxxx for Gasoline xxxxxx Edgar xxxxxx xxxx much xxxxxx prices for xxx products at xxxxxxxx station xx xxxxx not xx necessary that xxxxxxxxx who is xxxxx to xxxxx xxx station xxxxx purchase the xxxxx from the xxxxxxxxx store xxxxxxxx xxxxx \l xxxxx (Bank, 2014)Oil xxxxxxxxx are having x hard xxxx xxxxxxx up xxxx the rapid xxxxxx of India xxx China xx xx these xxxxxx continue, it xx likely that xxx prices xxxxx xxxxx $200 xxx gallon or xxxx Oil prices xxx also xxxxxxxxx xxx rest xx the economy xx With people xxxxxxxx so xxxx xxxx money xx gas and xxxxxxxxxx they are xxxxxxxx much xxxx xx other xxxxxxxx   As xxxx continues inflations xx becoming xx xxxx growing xxxxxx The limited xxxxxx of the xxxxxx should xx xxxxxxxxx as xxxxxxxxxxx as possible xxx government has xxxxxxxxxxx an xxxxxxxx xxxxxxxx packet xx help compensate xxx high gas xxxxxx and xxxx xx help xxxxxxxxx the economy xx By sending xxx free xxxxxx xxxx are xxxxxx that people xxxx run out xxx start xxxxxxxxx xxxxxxxx recent xxxxx show that xxxx people will xx using xxx xxxx money xx pay bills xx to invest xxx aggregate xxxxxx xx the xxxxxxx will increase xxxxx will further xxxx up xxx xxxxxxxxxxxx by xxx people on xxx Gasoline and xxx products xxxxxxxx xxxxx \l xxxxx (Fed, 2010)The xxxxxx of products xx Gasoline xxxxxxx xxxxx depend xx the demand xx the Gasoline xx the xxxxxxxxx xxxxxx the xxxxxx of Gasoline, xxxx people would xxxxx the xxxxxxxx xxxxxxx The xxxxxxx demand for xxxxxxxx in U x is x xxx the xxxxxx for Gasoline xx inelastic too xx means xxxx xx there xx rise in xxx price of xxxxxxxx by xxx xx per xxxxxxx then there xxxx not be xxxx in xxx xxxxxx for xxxxxxxx This is xxxxxxx Gasoline is xx essential xxxx xxx there xxx also no xxxxx substitutes available xxx Gasoline xxxxxx xxxxx would xxxx a reasonable xxxxxx of revenue xx he xxxx xx his xxxxxxxx at Gasoline xxxxxxx The supply xx Gasoline xxxxx xxxx play x significant role xx the business xxxxxx of xxxxxx xxxxx the xxxxxx of Gasoline xxxxx depend on xxxx factors xxxx xxxxx it xxx been imported xxx also the xxxxxxxxxxxxx tariffs xxx xxx structure, xxxxxxxxx the market xxxxxxxxxxx quantity and xxxxx of xxxxxxxx xxxx be xxxxxxxx by foreign xxxxxx of Gasoline xx countries xxxx xx India xxx China Supply xxx demand analysis xx Gasoline xxx xx seen xx the graph xxxxxxxxxxxxxxxxxxxxxxxxxxxx we are xxxxx that xxx xxxxxx of xxxxxxxx have bee.....
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