ECO 202 Milestone One Guidelines and Rubric: Macroeconomic Data Report
Choose a 10-year period in the history of the United States between 1950 and today. All responses will be related to that timeframe.
a) Analyze the annual GDP to calculate specific growth rates and trends in the U.S. economy.
b) Analyze unemployment and inflation data.
c) Analyze interest rate fluctuations throughout this time period and their effects on other aspects of the economy.
Using the Milestone One PowerPoint Template provided, create 4–6 slides that address the following critical elements:
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?
*The captioned versions of the videos located in this template may be accessed in the following links:
ECO-202 Introduction | How to Use FRED (CC)
ECO-202 Choosing Units | How to Use FRED (CC)
Basics of APA The Reference List
Below are links that offer helpful tips and examples for developing your presentations:
Making PowerPoint Slides
10 PowerPoint Presentation Tips
Really Bad PowerPoint and How to Avoid It
10 Tips for Better Slide Decks
This PowerPoint presentation on economic growth created by Biz/Ed.com shows an effective use of photos, art, and charts to present information.
Guidelines for Submission: Your macroeconomic data report should be 4–6 slides in PowerPoint, Prezi, Keynotes or PreZentit, not including title or reference
slides. Be sure to include speaker notes to accompany all of your responses. Your reference list slide needs to be in APA format.
Critical Elements Proficient (100%) Needs Improvement (75%) Not Evident (0%) Value
Examination: GDP: Growth
Rates and Trends
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
18
Examination: GDP:
Influenced 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
18
Examination:
Unemployment: Output and
Growth
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
18
Examination:
Unemployment: Events
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
18
Examination: Interest Rate
Fluctuations
Analyzes interest rate fluctuations
throughout the time period and
their effect on other aspects of
Analyzes interest rate fluctuations
throughout the time period, but
does not relate this to their effect
Does not analyze interest rate
fluctuations throughout the time
period
18
the economy, such as inflation,
investment, foreign trade, and
the GDP, and provides
information in speaker notes
on other aspects of the economy
such as inflation, investment,
foreign trade, and the GDP, or
does not provide information in
speaker notes
Articulation of Response 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
10
Earned Total 100%
ECO 202
Presentation Title
Your Name
ECO 202
Instructor Name
ECO 202
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
GDP (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.
• To access hyperlinks, view as Slide Show from top ribbon tab
Unemployment and Inflation (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:
• Consumer Price Index
• Producer Price Index
• 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
Interest Rates
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
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