22 Jul WHAT SHOULD BE DONE TO CORRECT THE CURRENT SITUATION IF ANYTHING?
The committee also maintains a quarterly chronology of business cycle peak and trough dates. The committee determined that the trough occurred in the second quarter of 2009 when the average of quarterly real GDP and GDI reached its low point.
(3) The requirements of the homework set or how to complete this Assignment
In this exercise you will be put to the ultimate test telling your employer what is really happening. After all you are the in-house economist you must know. Only you know that is a difficult task to know but what mixture of analysis and opinion can you render in writing for your employer?
The requirements are two: answer the question posed below to the best of your ability and prepare a report for your employer. As with all employers they do not have time to read long diatribes so prepare an executive summary and attach supporting arguments after the summary. A good guide is the NBER announcement which contains a few paragraphs followed by a question and answer section but the ultimate form is up to you.
You must include links to all sources used as references and support for your arguments.
(4) Grading: Your paper will be graded according to the following criteria so make sure your essay conforms.
Level of Achievement General Presentation Reasoning Argumentation
Exemplary
(10 pts) Provides a clear and thorough introduction and background
Addresses the question
Presents arguments in a logical order using appropriate tools from class
Uses acceptable style and grammar (no errors) Demonstrates an accurate and complete understanding of the question
Uses several arguments and backs arguments with examples data that support the conclusion
Quality
(8 pts) Combination of above traits but less consistently represented (1-2 errors)
Same as above but less thorough still accurate Uses only one argument and example that supports conclusion
Adequate
(6 pts) Does not address the question explicitly though does so tangentially
States a somewhat relevant argument
Presents some arguments in a logical order
Uses adequate style and grammar (more than 2 errors) Demonstrates minimal understanding of question still accurate
Uses a small subset of possible ideas for support of the argument
Needs improvement
(4 pts) Does not address the question
States no relevant arguments
Is not clearly or logically organized
Fails to use acceptable style and grammar Does not demonstrate understanding of the question inaccurate
Does not provide evidence to support response to the question
No Answer
(0 pts)
(5) A statement of the question you are to discuss.
Important: You must write on the following. You must lead to a conclusion or recommendation. Your recommendation must be based on relevant data for both the US and Ohio and if available your employer. (Not employed? Then write as if you are and identify the type of business.)
Be sure to anticipate the other sides criticism and answer that expected criticism.
Proposition: Mr./Ms. Economist What is going on in the economy and how will this effect our business in our state of Ohio? What should be done to correct the current situation if anything?
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