{"id":16247,"date":"2020-11-24T09:13:58","date_gmt":"2020-11-24T09:13:58","guid":{"rendered":"http:\/\/onlineclassesguru.com\/index.php\/2020\/11\/24\/apply-macroeconomic-concepts-to-current-and-personal-economic-events-and-decisions\/"},"modified":"2020-11-24T09:13:58","modified_gmt":"2020-11-24T09:13:58","slug":"apply-macroeconomic-concepts-to-current-and-personal-economic-events-and-decisions","status":"publish","type":"post","link":"https:\/\/onlineclassesguru.com\/index.php\/2020\/11\/24\/apply-macroeconomic-concepts-to-current-and-personal-economic-events-and-decisions\/","title":{"rendered":"Apply macroeconomic concepts to current and personal economic events and decisions."},"content":{"rendered":"<style type=\"text\/css\"><\/style><div class=\"question-body\" data-reactid=\"133\">\n<div data-reactid=\"134\">\n<p>In addition to writing about macroeconomic concepts, it\u2019s 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.<\/p>\n<p>For this Final Report assignment, you can build off your previous economic brief and selected industry from Assignment 1, or\u00a0<u>you can select another industry<\/u>\u00a0such as Finance and Insurance, Health Care, or Manufacturing, and examine one of the macroeconomic indicators or policies below:<\/p>\n<ul>\n<li>\u2022 GDP growth<\/li>\n<li>\u2022 Unemployment rates<\/li>\n<li>\u2022 Inflation rates<\/li>\n<li>\u2022 Interest rates<\/li>\n<li>\u2022 Imports and exports<\/li>\n<li>\u2022 Government fiscal policy and issues related to taxation, government spending, and budget deficits<\/li>\n<li>\u2022 FED (central bank) monetary policy and issues related to the FED\u2019s mission to stabilize the economy<\/li>\n<\/ul>\n<p><strong>Instructions<\/strong><\/p>\n<p>Use Microsoft Word to prepare a Final Report that is a minimum of two to three (3-4) pages long in which you:<\/p>\n<p>1. Introduce your selected industry with a brief one-paragraph introduction. Refer to the\u00a0<u>NAICS (North American Industry Classification System)<\/u>to review the details about your industry.<\/p>\n<p>2. Assess your selected industry\u2019s relative size and growth rate in the economy.<\/p>\n<p>These macroeconomic resources will help you find the size and growth rate of your industry in the U.S. economy and\/or relative to GDP:<\/p>\n<p>\u2022\u00a0<u>Real GDP<\/u>\u00a0\u2013 Select Section 1, then table 1.1.6 (select MODIFY to change the year range and frequency).\u00a0<em>Data is from Bureau of Economic Analysis (<\/em><em>bea.gov<\/em><em>).<\/em><\/p>\n<p>\u2022\u00a0<u>% Change in Real GDP<\/u>\u00a0\u2013 Select Section 1, then table 1.1.1 (select MODIFY to change the year range and frequency).<em>Data is from Bureau of Economic Analysis (<\/em><em>bea.gov<\/em><em>).<\/em><\/p>\n<p>\u2022\u00a0<u>GDP by Industry<\/u>\u00a0\u2013 Steps:<\/p>\n<p>1. Select \u201cInteractive Data.\u201d<br \/>\n2. Select \u201cIndustry Data Tables.\u201d<br \/>\n3. Select \u201cBegin Using the Data.\u201d<br \/>\n4. Select \u201cGross Output by Industry.\u201d<br \/>\n5. Select \u201cReal Gross Output by Industry (A) (Q).\u201d<br \/>\n6. Select \u201cQuarterly\u201d or \u201cAnnual.\u201d<br \/>\n7. Select \u201cNext Step.\u201d\u00a0<em>Data is from Bureau of Economic Analysis (<\/em><em>bea.gov<\/em><em>)<\/em>.<\/p>\n<p>\u2022\u00a0<u>% Change in GDP by Industry<\/u>\u00a0\u2013 Steps:<\/p>\n<p>1. Select \u201cInteractive Data.\u201d<br \/>\n2. Select \u201cIndustry Data Tables.\u201d<br \/>\n3. Select \u201cBegin Using the Data.\u201d<br \/>\n4. Select \u201cGross Output by Industry.\u201d<br \/>\n5. Select \u201cPercent Changes in Chain-Type Quantity Indexes for Gross Output by Industry (A) (Q).\u201d<br \/>\n6. Select \u201cQuarterly\u201d or \u201cAnnual.\u201d<br \/>\n7. Select \u201cNext Step.\u201d\u00a0<em>Data is from Bureau of Economic Analysis (<\/em><em>bea.gov<\/em><em>)<\/em>.<\/p>\n<p>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\u2019s important and how it might impact your selected industry.<\/p>\n<p>These resources are available to help you measure and track macroeconomic indicators and outcomes of macroeconomic policies.You\u2019ll use one or more depending on the macroeconomic indicator selected.<\/p>\n<p>\u2022\u00a0<u>Unemployment rates<\/u>\u00a0\u2013\u00a0<em>Data is from Bureau of Labor Statistics (<\/em><em>bls.gov<\/em><em>)<\/em>.<\/p>\n<p>\u2022\u00a0<u>Inflation rates<\/u>\u00a0as measured by the Consumer Price Index (CPI).\u00a0<em>Data is from Bureau of Labor Statistics (<\/em><em>bls.gov<\/em><em>)<\/em>.<\/p>\n<p>\u2022\u00a0<u>% Change in Real Exports and Imports<\/u>\u00a0\u2013 Select Section 4, then table 4.2.1. (Select MODIFY to change the year range and frequency.)\u00a0<em>Data is from Bureau of Economic Analysis (<\/em><em>bea.gov<\/em><em>)<\/em>.<\/p>\n<p>\u2022\u00a0<u>Government receipts, expenditures, and savings<\/u>\u00a0\u2013 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.)\u00a0<em>Data is from the Bureau of Economic Analysis (<\/em><em>bea.gov<\/em><em>)<\/em>.<\/p>\n<p>\u2022\u00a0<u>FED Funds Interest Rates<\/u>.\u00a0<em>Data is from Trading Economics (<\/em><em>tradingeconomics.com<\/em><em>)<\/em>.<\/p>\n<p>4. Describe a recent trend in the macroeconomic indicator or policy. Include a graph, chart, or table that illustrates the observed trend.<\/p>\n<p>5. Summarize how you think this industry will perform in the future. Provide support for your rationale.<\/p>\n<p>6. APA Format<\/p>\n<ul>\n<li>Your brief should include a cover page.<\/li>\n<li>Your brief should be a minimum of two to three (3-4) pages in length (not including the cover page), double-spaced, 12-point font.<\/li>\n<li>Your report should include a minimum of three (3) references\/citations in the text, no\u00a0<u>Wikipedia<\/u>\u00a0is allowed<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"clear\" data-reactid=\"135\"><\/div>\n<div class=\"clearfix\" data-reactid=\"136\">\n<div class=\"question-attachments\" data-reactid=\"137\">\n<ul class=\"attachment-list\" data-reactid=\"138\">\n<li class=\"attachment-wrap\" data-reactid=\"139\"><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><center><a href=\"http:\/\/onlineclassesguru.com\/orders\/ordernow\"><img decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcTyj99p60XCLyLk1htB7-1neRt8-2QdnenNlQ&usqp=CAU\"target=\"_http:\/\/onlineclassesguru.com\/orders\/ordernow\"\/><\/center><p>","protected":false},"excerpt":{"rendered":"<p>In addition to writing about macroeconomic concepts, it\u2019s 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&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-16247","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apply macroeconomic concepts to current and personal economic events and decisions. - onlineclassesguru<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/onlineclassesguru.com\/index.php\/2020\/11\/24\/apply-macroeconomic-concepts-to-current-and-personal-economic-events-and-decisions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apply macroeconomic concepts to current and personal economic events and decisions. - onlineclassesguru\" \/>\n<meta property=\"og:description\" content=\"In addition to writing about macroeconomic concepts, it\u2019s equally important to be able to convey your understanding of these concepts by communicating them to others. 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