TITLE OF PAPER 2

Running head: TITLE OF PAPER 1

TITLE OF PAPER 2

Week 5 – Final Paper

Expansionary Economic Policy

Prior to beginning the final assignment, review the following chapters: Chapter 7: Classical Macroeconomics and the Keynesian Challenge  Chapter 9: Taxes, Government Spending, and Fiscal Policy  Chapter 12: Banking and The Federal Reserve System Chapter 14: Monetary Policy In Theory And Practice

Focus of the Final Paper In an effort to move the economy out of a recession, the federal government would engage in expansionary economic policies. Respond to the following points in your paper on the actions the government would take to address expansionary fiscal and monetary policies:

Expansionary Fiscal Policy:

Explain the actions the federal government would take while engaging in expansionary fiscal policy in terms of the following:

· The necessary change in taxes and government spending,

· The effect on aggregate demand, GDP, and employment.

Expansionary Monetary Policy:

The three tools the Federal Reserve Bank (The Fed) uses when conducting monetary policy are the required reserve ratio, the discount rate, and open market operations.  Explain the actions of the Fed in regard to the three tools.

· When the required reserve ratio is increased or decreased

· When the discount rate is increased or decreased

· Buying or selling government securities when conducting expansionary monetary policy 

Explain how these actions would affect the money supply, interest rates, spending, aggregate demand, GDP, and employment.  Writing the Final Paper The Final Paper:

1. Must be eight to ten double-spaced pages in length and formatted according to APA style as outlined in your approved styled guide.

2. Must include a title page that includes:

a. Title of paper

b. Student’s name

c. Course name and number

d. Instructor’s name

e. Date submitted

3. Must include an introductory paragraph with a succinct thesis statement.

4. Must address the topic of the paper with critical thought.

5. Must conclude with a restatement of the thesis and a conclusion paragraph.

6. Must use at least four scholarly resources, including the textbook. Two sources must come from the Library.

7. Must use APA style as outlined in your approved style guide to document all sources.

8. Must include, on the final page, a reference List that is completed according to APA style as outlined in your approved style guide.

9. Total Possible Score: 28.00

10. Organization: Introduction, Thesis Statement, and Conclusion

11. Total: 2.80

12. Distinguished – Paper is logically organized with a well-written introduction, thesis statement, and conclusion.

13. Proficient – Paper is logically organized with an introduction, thesis statement, and conclusion. One of these requires improvement.

14. Basic – Paper is organized with an introduction, thesis statement, and conclusion. One or more of the introduction, thesis statement, and/or conclusion require improvement.

15. Below Expectations – Paper is loosely organized with an introduction, thesis statement, and conclusion. The introduction, thesis statement, and/or conclusion require much improvement.

16. Non-Performance – The introduction, thesis statement, and conclusion are either nonexistent or lack the components described in the assignment instructions.

17.

18. Explains the Actions the Federal Government Would Take While Engaging in Expansionary Fiscal Policy

19. Total: 7.00

20. Distinguished – Thoroughly and accurately explains the actions the federal government would take while engaging in expansionary fiscal policies in terms of changes in taxes and government spending and the effects on aggregate demand, GDP, and employment. Effectively uses scholarly sources to support the explanation.

21. Proficient – Accurately explains the actions the federal government would take while engaging in expansionary fiscal policies in terms of changes in taxes and government spending and the effects on aggregate demand, GDP, and employment. Uses scholarly sources to support the explanation, but the explanation is slightly underdeveloped.

22. Basic – Explains the actions the federal government would take while engaging in expansionary fiscal policies in terms of changes in taxes and government spending and the effects on aggregate demand, GDP and employment. Uses few scholarly sources to support the explanation, and the explanation is underdeveloped.

23. Below Expectations – Attempts to explain the actions taken by the federal government while engaging in expansionary fiscal policies in terms of changes in taxes and government spending and the effects on aggregate demand, GDP, and employment; however, scholarly sources are not used and/or the explanation is significantly underdeveloped.

24. Non-Performance – The explanation of the actions taken by the federal government while engaging in expansionary policies is either nonexistent or lacks the components described in the assignment instructions.

25.

26. Explains the Actions The Federal Reserve Bank (the Fed) Would Take in Regards to the Three Monetary Tools

27. Total: 7.00

28. Distinguished – Thoroughly and accurately explains the actions the Fed would take in regards to the three monetary tools in changing the required reserve ratio, changing the discount ratio, and the buying and selling of government securities. Effectively uses scholarly sources to support the explanation.

29. Proficient – Accurately explains the actions the Fed would take in regards to the three monetary tools in changing the required reserve ratio, changing the discount ratio, and the buying and selling of government securities. Uses scholarly sources to support the explanation, but the explanation is slightly underdeveloped.

30. Basic – Explains the actions the Fed would take in regards to the three monetary tools in changing the required reserve ratio, changing the discount ratio, and the buying and selling of government securities. Uses few scholarly sources to support the explanation, and the explanation is underdeveloped.

31. Below Expectations – Attempts to explain the actions the Fed would take in regards to the three monetary tools in changing the required reserve ratio, changing the discount ratio, and the buying and selling of government securities; however, scholarly sources are not used to support the explanation and/or the explanation is significantly underdeveloped.

32. Non-Performance – The explanation of the actions taken by the Fed in regards to the three monetary tools is either nonexistent or lacks the components described in the assignment instructions.

33.

34. Explains How These Monetary Policy Actions Would Affect the Money Supply, Interest Rates, Spending, Aggregate Demand, GDP, and Employment

35. Total: 7.00

36. Distinguished – Accurately explains, in complete detail, the effects monetary policy changes have on the money supply, interest rates, spending, aggregate demand, GDP, and employment. Effectively uses scholarly sources to support the explanation.

37. Proficient – Accurately explains the effects monetary policy changes have on the money supply, interest rates, spending, aggregate demand, GDP, and employment. Uses scholarly sources to support the explanation, but the explanation is slightly underdeveloped.

38. Basic – Explains the effects monetary policy changes have on the money supply, interest rates, spending, aggregate demand, GDP, and employment. Uses few scholarly sources to support the explanation, and the explanation is underdeveloped.

39. Below Expectations – Attempts to explain the effects monetary policy changes have on the money supply, interest rates, spending, aggregate demand, GDP, and employment; however, scholarly sources are not used to support the explanation and/or the explanation is significantly underdeveloped.

40. Non-Performance – The explanation of the monetary policy actions is either nonexistent or lacks the components described in the assignment instructions.

41.

42. Critical Thinking: Explanation of Issues

43. Total: 0.70

44. Distinguished – Clearly and comprehensively explains in detail the issue to be considered, delivering all relevant information necessary for a full understanding.

45. Proficient – Clearly explains in detail the issue to be considered, delivering enough relevant information for an adequate understanding.

46. Basic – Briefly recognizes the issue to be considered, delivering minimal information for a basic understanding.

47. Below Expectations – Briefly recognizes the issue to be considered, but may not deliver additional information necessary for a basic understanding.

48. Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.

49.

50. Integrative learning: Connects to Experience

51. Total: 0.70

52. Distinguished – Creates meaningful correlations among experiences outside of the classroom to deepen understanding of field of study and to broaden own viewpoints.

53. Proficient – Compares life experiences and academic knowledge to distinguish differences and similarities while acknowledging perspectives other than own.

54. Basic – Recognizes correlation between life experiences, academic texts, and ideas perceived as similar and related to own interests.

55. Below Expectations – Briefly comments about connections between life experiences and academic texts.

56. Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.

57.

58. Written Communication: Control of Syntax and Communication

59. Total: 0.70

60. Distinguished – Displays meticulous comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains no errors, and is very easy to understand.

61. Proficient – Displays comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains only a few minor errors, and is mostly easy to understand.

62. Basic – Displays basic comprehension of syntax and mechanics, such as spelling and grammar. Written work contains a few errors, which may slightly distract the reader.

63. Below Expectations – Fails to display basic comprehension of syntax or mechanics, such as spelling and grammar. Written work contains major errors, which distract the reader.

64. Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.

65.

66. Written Communication: APA Formatting

67. Total: 0.70

68. Distinguished – Accurately uses APA formatting consistently throughout the paper, title page, and reference page.

69. Proficient – Exhibits APA formatting throughout the paper. However, layout contains a few minor errors.

70. Basic – Exhibits basic knowledge of APA formatting throughout the paper. However, layout does not meet all APA requirements.

71. Below Expectations – Fails to exhibit basic knowledge of APA formatting. There are frequent errors, making the layout difficult to distinguish as APA.

72. Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.

73.

74. Written Communication: Page Requirement

75. Total: 0.70

76. Distinguished – The paper meets the specific page requirement stipulated in the assignment description.

77. Proficient – The paper closely meets the page requirement stipulated in the assignment description.

78. Basic – The paper meets over half of the page requirement stipulated in the assignment description.

79. Below Expectations – A fraction of the page requirement is completed.

80. Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.

81.

82. Written Communication: Source Requirement

83. Total: 0.70

84. Distinguished – Uses more than the required number of scholarly sources, providing compelling evidence to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.

85. Proficient – Uses required number of scholarly sources to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.

86. Basic – Uses less than the required number of sources to support ideas. Some sources may not be scholarly. Most sources on the reference page are used within the body of the assignment. Citations may not be formatted correctly.

87. Below Expectations – Uses inadequate number of sources that provide little or no support for ideas. Sources used may not be scholarly. Most sources on the reference page are not used within the body of the assignment. Citations are not formatted correctly.

88. Non-Performance – The assignment is either nonexistent or lacks the components described in the instructions.

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