ECON 2043 Macroeconomics Signature Assignment
Business Program SLO 1: Students will be able to demonstrate knowledge of the fundamental areas of business by applying business concepts and functions in an integrated manner.
Business Program SLO 2: Students will be able to identify business problems.
The signature assignment explores issues through the collection of data and analysis of evidence. The signature assignment consists of students gathering data located on the National Bureau of Economic Research website: http://www.nber.org/cycles.html. Data can be downloaded in Excel.
1. Using the information from the NBER website, graphically determine and explain the following issues:
How the business cycle has been changing in recent decades
If the overall length of cycles has been changing and why
If recessions have been getting longer or shorter and why
2. Find an article in a major business publication, (for example, the Wall Street Journal, Barron’s, the Harvard Business Review, Forbes) that describes an event that may affect the U.S. price level and real GDP. Using this article:
1. Draw an initial set of AD and AS curves and determine which curve(s) will be affected and in which direction it will shift as a result of the AD/AS factors or policies.
2. Predict what will happen to price level and real GDP and explain your answer.
3. All graphs must be properly labelled. Each axis must be correctly labelled, and the horizontal axis must indicate the nature of the graph itself.
4. The written analysis must be explained in well constructed paragraphs. Correct spelling, grammar, sentence structure and the correct use of economic terminology is required.
5. Article reference should be included at the end of your analysis
6. Page numbers should be in the top right-hand corner following the form: Page 1 of ___
Your assignment must be uploaded to the Blackboard class website on or before the due date. No late work will be accepted for any reason.
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