Learning Plan 7: Scoring Guide 2 Fiscal Team Scoring Standards: 40 points possible Rating Scale: not met = not completed - REDO met = completed 5 = Exceeds Expectations. Criterion met with extensive detail and support. 4 = Meets Expectations. Criterion met at satisfactory level. 2 = Needs Improvement. Criterion has gaps, details missing, major errors exist. 0 = Criterion not present or unacceptable/incorrect. Criteria Each criterion needs to have at least one or more separate slides. Have major headings restated for each sub heading. Include reference page with at least four sources at end of presentation. Values Learners describe the role of government in adjusting economic fluctuations. (Business cycle, expansion, growth, etc.) Define fiscal policy. Explain who the government is and their role. Also, discuss the three macroeconomic goals of our government chapter 5. Explain fluctuations and how they can be adjusted using fiscal policy. Explain why it is important to have smooth economic cycles. Sources: chapter 7 and 13. 5 4 2 0 Learners apply conventional fiscal policy actions to correct economic fluctuations. Look at the budget process. How long does it take? Explain an increase and decrease in policy tools and how it will correct economics fluctuations. Review this web site: http://www.washingtonpost.com/wp-srv/politics/interactives/budget101/ 5 4 2 0 Learners describe the role of the federal government implementing fiscal policy. How 5 does spending and taxes get parceled out? Who does the implementation? 4 2 0 Learners describe the fiscal tools used by the federal government. Explain the fiscal tools including automatic stabilizers. 5 4 2 0 Learners describe an actual situation in which output, employment and/or prices change using fiscal policy. Review the video from Economics U$A, number 6 and other sources like the Wall Street Journal, New York Times, etc. http://www.learner.org/resources/series79.html 5 4 2 0 Learners include a graph to show relationship between changes in aggregate demand (AD) or aggregate supply (AS) and output, employment, and/or price level using fiscal policy. Use the PowerPoint’s provided in chapter 13. Explain the relationships. Go to doc sharing and the appropriate learning plan for on-line or economics website www.mpteconomics.org 5 4 2 0 Learners analyze causes and consequences of the fiscal changes in AD, AS, output, 5 4 2 0 employment, and/or price level providing a defensible rationale. Review chapter 10 Learners describe fiscal standard indicators of economic fluctuations. Describe what indicators are and the type that are most important for fiscal policy and why. Research the Conference Board at http://www.conference-board.org/ 5 4 2 0 Team score: Learning Plan 7: Scoring Guide 1 Monetary Team Scoring Standards: 40 points possible Rating Scale: not met = not completed - REDO met = completed 5 = Exceeds Expectations. Criterion met with extensive detail and support. 4 = Meets Expectations. Criterion met at satisfactory level. 2 = Needs Improvement. Criterion has gaps, details missing, major errors exist. 0 = Criterion not present or unacceptable/incorrect. Criteria Each criterion needs to have at least one or more separate slides. Have major headings restated for each sub heading. Include reference page with at least four sources at end of presentation. Values Learners describe the role of government in adjusting economic fluctuations. (Business cycle, expansion, growth, etc.) Define monetary policy. Explain who the government is and their role. Also, discuss the three macroeconomic goals of our government chapter 5.Explain fluctuations and how they can be adjusted using monetary policy. Explain why it is important to have smooth economic cycles. Sources: chapter 7 and 17. Some good information on this web site: FED 101 5 4 2 0 Learners apply conventional monetary policy actions to correct economic fluctuations. Look at the monetary process. How long does it take? Explain an increase and decrease in policy tools and how it will correct economics fluctuations. 5 4 2 0 Learners describe the role of the Federal Reserve system in implementing monetary policy. How does monetary policy work? Who does the implementation? 5 4 2 0 Learners describe the monetary tools used by the Federal Reserve. Explain the monetary tools. Review the monetary video in webliography on-line or www.mptceconomics.org under Learning Plan 7. 5 4 2 0 Learners describe an actual situation in which output, employment and/or prices 5 4 2 0 change using monetary policy. Review the video from Economics U$A, number 13 and other sources like the Wall Street Journal, New York Times, etc. http://www.learner.org/resources/series79.html Learners include a graph to show relationship between changes in aggregate demand (AD) or aggregate supply (AS) and output, employment, and/or price level using monetary policy. Use the PowerPoint’s provided in chapter 17. Explain the relationships. Go to on-line sources in doc sharing under LP 7 or economics website www.mpteconomics.org 5 4 2 0 Learners analyze causes and consequences of the monetary changes in AD, AS, output, employment, and/or price level providing a defensible rationale. Review chapter 10 5 4 2 0 Learners describe monetary standard indicators of economic fluctuations. Describe what indicators are and the type that are most important for monetary policy and why. Research the Conference Board at http://www.conference-board.org/ 5 4 2 0 Team Score: Learning Plan 7: Scoring Guide 3 Fiscal and Monetary Debate Team Team Scoring Standards: 30 points possible Rating Scale: not met = not completed - REDO met = completed 3/2/1 = Met 0 = Not met 5 = Exceeds Expectations. Criterion met with extensive detail and support. 4 = Meets Expectations. Criterion met at satisfactory level. 2 = Needs Improvement. Criterion has gaps, details missing, major errors exist. 0 = Criterion not present or unacceptable/incorrect. Criteria Values Debate team prepared PowerPoint or visuals. Communicate clearly. Learner applies standard rules of language structure including grammar, spelling and punctuation. met not met 3 0 Learner makes eye contact with audience. Learner speaks without reading from text. Learners present the information in an organized manner. 2 0 All team members take part in debate. 1 0 Learners show respect for the opposing side throughout the debate. 1 0 Learner's document peer reviewed sources of information. (4 sources each for monetary and fiscal) 3 0 Learner's present complete, relevant evidence needed to support learner's position on monetary or fiscal policy. Understand and research stagflation. Review and research aggregate supply on prices, employment and output. Review the video from Economics U$A, number 10 and other sources like the Wall Street Journal, New York Times, etc. http://www.learner.org/resources/series79.html 5 4 2 0 Learners present accurate arguments about monetary or fiscal policy. 5 4 2 0 Learner's rebuttal is specific to arguments made by the opposing side. 5 4 2 0 Learners use relevant evidence in the counter rebuttal. 5 4 2 0