Watch following documentary and describe what stages of the Austrian Trade Cycle Theory and Keynesian Economic theories are being discussed. You may also compare to the various economic ideals such as income distribution, protectionist methods, and so on that you have learned throughout this semester.
PBS – Commanding Heights: The New Rules of the Game Episode 3
- Visit the United Nations web site at www.un.org
- Click on Economics
- Review the GDP results for Thailand from 1989-1999
- What is the GDP trend in economic growth over the holding period?
- Break down the GDP multiplier for each year beginning in 1990.
- Graph the multiplier results for the holding period. Use the Keynesian Cross.
- Visit the International Monetary Fund www.imf.org; and the World Bank www.worldbank.org
- What, if any, were the actions taken by the IMF in response to the Asian financial crisis?
- What, if any, were the actions taken by the World Bank in response?
- Break down the level of Investment in Thailand beginning in 1989?
- Graph the level of investment in Thailand for the holding period.
- Graph the real GDP per capita in Thailand for the holding period.
- Visit the Council on Foreign Relations www.cfr.org/democratization/thailand/p30817
- What was the predominant Economic Policy of Thailand during the period?
- Did Thai economic policy change during the crisis or afterward?
- What economic approaches did Thailand take to solve the crisis?
- Given what you have learned this semester what would you have done to solve the Collapse of the Thai Baht?
- Report Layout:
- Cover Page (1 page)
- Report (3 pages) Single-spaced with annotation (in-text) for citations, font size 12 no larger than Ariel, complete paragraphs (minimum of 5 sentences), spelling error free & grammatically correct.
- Citation/Bibliography (1 Page)
The following rubric will be used to grade your research paper:
|
Criterion |
Outstanding |
Proficient |
More Effort Needed |
| Economic Insights | Thoughtfully and respectfully responded to the initial questions. Integrated readings and understanding of economic issues. Submitted on time.
40 points |
Provided minimal responses to questions, limited integration of readings and understanding of economic issues. Not submitted on time.
1-40 points |
Did not provide thoughtful responses to the questions or incorporate readings or understanding of privacy rights. Not submitted on time.
0 points |
| Country Analysis | Thoughtful and respectful analysis of the country you selected.
40 points |
Minimal efforts to elaborate on the country you selected.
1-40 points |
No attempts to do the country analysis.
0 points |
| Writing | No errors.
20 points |
Several Errors.
1-19 points |
Difficult to understand.
0 points |
Then answer the case questions in another pages
ECON 2403 Case Study 3
Answer the following questions and submit your answers in the Case Study drop box under the Assignments tab on Blackboard. You may prepare your answers ahead of time and attach them as a MS Word document only. Please be thorough in your responses. Each question must be answered in the form of a paragraph (minimum of 5 sentences). You must include your Name, Section Number, and Title. Also, you are required cite your source(s) using MLA formatting.
Question 1: According to your textbook, what are the stages of the market cycle?
Question 2: According to Austrian Economics what are the primary causes of the boom and bust cycles?
Question 3: According to Keynesian Economics what are the primary causes of the leakages in the Market system?
Question 4: Which economic theory do you think is being applied to current U.S. Economic policy? Out of all the Economic Schools of thought you have been taught this semester do you believe would have a solution to the current economic environment?
Case Study 3 is due by 11:30pm, November 2nd, 2017 via submission thru the drop box on Blackboard.
ECON 2403 Case Study 4
Answer the following questions and submit your answers in the Case Study drop box under the Assignments tab on Blackboard. You may prepare your answers ahead of time and attach them as a MS Word document only. Please be thorough in your responses. Each question must be answered in the form of a paragraph (minimum of 5 sentences). You must include your Name, Section Number, and Title. Also, you are required cite your source(s) using MLA formatting.
Question 1: Demonstrate your knowledge of the GDP Multiplier found in your textbook.
Question 2: Define the Paradox of Thrift. How does savings impact the multiplier for future consumption?
Question 3: Visit the Bureau of Economic Analysis (www.bea.gov) and determine what the current savings rate is for the United States of America. Using the “Multiplier” what is the effect of the current U.S. on future consumption (demand forecast)?
Case Study 4 is due by 11:30pm, December 5th, 2017 via submission thru the drop box on Blackboard. The following rubric will be used grading ALL Case Studies:
|
Criterion |
Outstanding |
Proficient |
More Effort Needed |
| Economic Insights | Thoughtfully and respectfully responded to the initial questions. Integrated readings and understanding of economic issues. Submitted on time.
10 points |
Provided minimal responses to questions, limited integration of readings and understanding of economic issues. Not submitted on time.
1-9 points |
Did not provide thoughtful responses to the questions or incorporate readings or understanding of privacy rights. Not submitted on time.
0 points |
| Grammatical & Paragraph Formatting | Minimum of 5 Sentence per paragraph. No grammatical errors.
10 points |
Minimal efforts to elaborate on questions. Paragraphs have less than 5 sentences. Improper formatting.
1-9 points |
No attempts to expand or explain concepts. Use of bullet points, numbered lists, or copied instructions onto submission.
0 points |
| Citation | No errors.
5 points |
Several Errors.
1-4 point |
No citation.
0 points |
