Everyday Macroeconomics: An Indicator Assessment Project
The Everyday Macroeconomics Essay: An Indicator Assessment Essay designed to help acquire Empirical and Quantitative Skills Learning Objective of the Texas Core Curriculum otherwise specified as: manipulation and analysis of numerical data or
observable facts resulting in informed conclusions.
After you have picked your indicator, you should start working on the following
questions and engagement exercise, keeping in mind the milestone dates provided
further below. The milestones are provided to guide and assist your development of
your presentation. Your written presentation is expected to follow general APA
guidelines – (document typed and double-spaced on standard-sized paper, with 1”
margins on all sides, using 12 pt. Times New Roman font).
Questions and Engagement Exercise—Presentation Components
• What is the indicator you are discussing? Be clear, provide context for why the
indicator is cited and/or valued in discussion of the economy. Use credible
references and include news and popular press items from reputable sources
that provide examples of how the indicator is valued and assessed in real life
application. State whether the indicator is leading or lagging and how it is
used with other indicators to provide a directional assessment of the economy.
• What is the history of this indicator and the rationale for its creation?
• What is the source of data for the indicator? Any issues? Shortcomings?
Strengths?
• How this data is compiled? Any issues? Shortcomings? Strengths?
• What are the uses of and application of this indicator? Any other indicators that
are used in conjunction with this indicator to provide a view of the state of the
economy?
• Engagement exercise: Develop a question and answer period or, maybe a
discussion; something to engage your classmates in remembering/learning
about the indicator.
Milestones:
Milestone 1: In two weeks: Source for indicator and data/information compilation
process should be underway.
Milestone 2: In three weeks: Student should have milestone 1 completed and be
working on the following elements of the presentation:
• Identify indicator including defining, determining if leading, lagging or
coincident and why—provide justification;
• History of indicator/ rationale for its creation;
• Source of data—ensure use of original source material;
• Explanation of data collection/development;
• Uses of indicator—media/business—make use of news and journal articles,
paying attention to how the indicator is communicated and associated with
relative to economic outcomes;
• Application of data and indicator—address how the indicator is used in
individual, business and or government decision making;
• Other items of interest related to the indicator.
Milestone 3: In four weeks: Begin the process of developing your presentation.
Milestone 4: In five weeks: Project submission!!!
Project assessment will follow the grading rubrics indicated in the table below.
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