Purpose of
Assignment This assignment
addresses how both monetary and fiscal policies have been used during the
so-called Great Recession, which began in December 2007 and ended in June 2009,
to the present to moderate the business cycle. Assignment Steps Create a minimum 10- to
12-slide PowerPoint presentation, including detailed speaker notes, in which
you analyze your choice of one
...[Show More]
Purpose of
Assignment
This assignment
addresses how both monetary and fiscal policies have been used during the
so-called Great Recession, which began in December 2007 and ended in June 2009,
to the present to moderate the business cycle.
Assignment Steps
Create a minimum 10- to
12-slide PowerPoint presentation, including detailed speaker notes, in which
you analyze your choice of one the following markets or industries:
·
The housing market
·
Financial markets
·
Commodity and stock markets
·
An industry of your choice, such as the
automobile industry, the airline industry, retail trade, or any other major
industry that suffered heavy losses during the Great Recession
Your analysis will
extend from the beginning of the Great Recession, which was December 2007, to
the present and should include the following:
·
An Excel workbook with the following
datasets:
·
One dataset related to the U.S. housing
industry such as housing starts, the FHFA housing price index, or another
dataset of your choice related to the housing market.
·
One dataset related to personal or
household income or to personal or household saving.
·
One dataset related to the labor market
such as the unemployment rate, initial claims for unemployment insurance, or
another dataset of your choice related to the U.S. labor force.
·
One dataset related to production and
business activity within the market or industry you choose to analyze.
·
Find your datasets by using different
internet data sources, including, but not limited to, the Federal Reserve Bank
of St. Louis's FRED site, U.S. Dept. of Commerce's Bureau of Economic Analysis
(BEA), U.S. Dept. of Labor's Bureau of Labor Statistics, U.S. Census Bureau,
and The Organization for Economic Co-operation and Development
(OECD). Using data results analyze the economic and sociological forces
that drove the market equilibrium to unsustainable heights, commonly referred
to as "bubbles," and the shocks that brought the markets back down.
·
Discuss specific changes in supply and
demand within the markets and/or industries you chose to analyze.
·
Determine whether specialization of
industry had any influence on the impact of the recession.
·
Examine prior government policies and
legislation that might have exacerbated the impact of the shocks. Also, discuss
government actions/regulations that might be undertaken, and/or have been
undertaken, to moderate the effects of extreme economic fluctuations.
·
Evaluate the actions of the federal
government (fiscal policy) and the Federal Reserve (monetary policy) to restore
the economy and foster economic growth. Base your evaluation on information
available at Internet sources such as, but not limited to, the Fed's The
Economy Crisis and Response website as well as other appropriate
sources found on the Internet and in the University Library. Be sure you
address the effectiveness of those counter-cyclical policies.
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