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1. PRINCIPLES OF ECONOMICSECO100137VA016-1202-001
2. WEEK 9
3. SUBMIT ASSIGNMENT 2
4. REVIEW SUBMISSION HISTORY: SUBMIT ASSIGNMENT 2

Principles of Economics (ECO100137VA016-1202-001)

Assignment

Instructions

Assignment 2: Final Report

Due Week 9, worth 175 points

This assignment is aligned to this course outcome:

• Apply macroeconomic concepts to current and personal economic events and decisions.

In addition to writing about macroeconomic concepts, it’s equally important to be able to convey your understanding of these concepts by communicating them to others. In the workplace you might do this by writing briefs (like you did for Assignment 1), creating presentations, or writing reports for your manager or team. An example final report and optional template are provided below.

For this Final Report assignment, you can build off your previous economic brief and selected industry from Assignment 1, or you can select another industry such as Finance and Insurance, Health Care, or Manufacturing, and examine one of the macroeconomic indicators or policies below:

Example Final Report, Assignment 2 Template, Strayer Writing Standards

1. Review an example final report.
2. Use the optional templateto help you get started.
3. Review the Strayer Writing Standards. (See Instructions below.)

Instructions

Use Microsoft Word to prepare a Final Report that is a minimum of two to three (2-3) pages long in which you:

1. Introduce your selected industry with a brief one-paragraph introduction. Refer to the

NAICS (North American Industry Classification System)

to review the details about your industry.

2. Assess your selected industry’s size and/or growth rate in the economy.

These macroeconomic resources will help you find the size and growth rate of your industry relative to real U.S. GDP:

•

Real GDP

– Select Section 1, then table 1.1.6 (select MODIFY to change the year range and frequency). Data is from Bureau of Economic Analysis (bea.gov).

•

% Change in Real GDP

– Select Section 1, then table 1.1.1 (select MODIFY to change the year range and frequency). Data is from Bureau of Economic Analysis (bea.gov).

•

GDP by Industry

– Steps:

1. Select “Interactive Data.”
2. Select “Industry Data Tables.”
3. Select “Begin Using the Data.”
4. Select “Gross Output by Industry.”
5. Select “Real Gross Output by Industry (A) (Q).”
6. Select “Quarterly” or “Annual.”
7. Select “Next Step.”Data is from Bureau of Economic Analysis (bea.gov).

•

% Change in GDP by Industry

– Steps:

1. Select “Interactive Data.”
2. Select “Industry Data Tables.”
3. Select “Begin Using the Data.”
4. Select “Gross Output by Industry.”
5. Select “Percent Changes in Chain-Type Quantity Indexes for Gross Output by Industry (A) (Q).”
6. Select “Quarterly” or “Annual.”
7. Select “Next Step.”Data is from Bureau of Economic Analysis (bea.gov).

3. Identify one newsworthy macroeconomic indicator or policy (e.g., GDP, unemployment, inflation rates, interest rates, government taxation and spending decisions, and/or FED decisions) that the industry should monitor and explain why it’s important and how it might impact your selected industry.

These resources are available to help you measure and track macroeconomic indicators and outcomes of macroeconomic policies.You’ll use one or more depending on the macroeconomic indicator selected.

• Unemployment rates –Data is from Bureau of Labor Statistics (bls.gov).

• Inflation rates as measured by the Consumer Price Index (CPI). Data is from Bureau of Labor Statistics (bls.gov).

•

% Change in Real Exports and Imports

– Select Section 4, then table 4.2.1. (Select MODIFY to change the year range and frequency.) Data is from Bureau of Economic Analysis (bea.gov).

•

Government receipts, expenditures, and savings

– Select Section 3, then table 3.1 for total government and table for 3.2 for federal government. (Select MODIFY to change the year range and frequency.)Data is from the Bureau of Economic Analysis (bea.gov).

•

FED Funds Interest Rates

. Data is from Trading Economics (tradingeconomics.com).

4. Describe a recent trend in the macroeconomic indicator or policy. Include a graph, chart, or table that illustrates the observed trend.

5. Summarize how you think this industry will perform in the future. Provide support for your rationale.

6. This course requires use ofStrayer Writing Standards(SWS). The format is different compared to other Strayer University courses. Please take a moment to review the SWS documentation for details. (Note: You’ll be prompted to enter your Blackboard login credentials to view these standards.)

• Your brief should include a cover page.
• Your brief should be a minimum of two to three (2-3) pages in length (not including the cover page), double-spaced, 12-point font.
• Your report should include a minimum of two (2) references/citations in the text.

Final Report

Title

By Your Name

ECO100

Professor’s Name

Date

1. Introduction

(In this section, provide a one-paragraph brief introduction about your selected industry. Please delete all

instructions and use double-spacing before submitting your paper.)

2

. Size and/or Growth of Industry

Write at least one paragraph assessing the size and/or growth rate of the industry relative to the national economy.

If you click on the GDP by industry, you should be able to assess the numbers related to the size and/or growth rate of the industry relative

You may also click on the percentage change in GDP by industry (especially the value added by industry) for additional inputs to this question.

·

You should use the statistics to determine the weight of the industry relative to the GDP.

·

You may also use the revenues, number of employees, and/or number of customers to substantiate your idea.

· Do not use bulleted or numbered lists.

· Write clearly and professionally; follow the Strayer Writing Standards.

3. Macroeconomic Indicator or Policy and Its Importance and Impact

Write at least one paragraph identifying the macroeconomic indicator or policy that the industry should monitor (inflation, unemployment, imports and exports, government expenditure, taxes, and/or interest rates). Explain why the macroeconomic indicator or policy is important and how it may impact the industry.

· Consider its importance and impact by looking at one or more of the indicators below:

1. The operational costs supported by the industry as compared to the revenues.

2. The trends observed in terms of profits and/or number of employees to substantiate your idea.

· Do not use bulleted or numbered lists.
· Write clearly and professionally; follow the Strayer Writing Standards.

4. Recent Trend

Write one paragraph describing a recent trend in the macroeconomic indicator or policy in part 3. Include a graph, table, or chart that illustrates the observed trend.

· Focus on the stability or increase/decrease of the chosen indicator when commenting on the graph, be certain to follow your graph or table with substantiated comments, explaining any major discrepancy in the data or the change in the shape of the curve.

· Do not use bulleted or numbered lists.
· Write clearly and professionally; follow the Strayer Writing Standards.

 5. Conclusion

Write a one-paragraph conclusion that summarizes how you think the industry will perform in the future. Attention should be paid to whether the observed trend is expected to continue.

· This should be your (own) opinion.

· Explain what you learned about the topic. Attention should be paid to whether the observed trend is expected to continue.

· You may also expand upon this point by explaining what conclusion you draw from your research on the topic.

· Do not use bulleted or numbered lists.
· Write clearly and professionally; follow the Strayer Writing Standards.

Sources

1. List in order of use.

2. List a second source here.

3. Repeat for additional sources.

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