Economics 809-195
Joe Halter, email jhalter@morainepark.edu
Assignments for the week of April 20, week thirteen
 Learning Plan 6 and 7 is on macroeconomics using fiscal and monetary policy.
Please continue to work with your team members on the Monetary and Fiscal
Debate scheduled for your class. Read Chapter 7, 8, 10, 11 and 13 in your
textbook for fiscal policy. Chapter 13 is Fiscal Policy and is the key chapter to
successfully complete the fiscal debate. The key chapter for the debate on
monetary policy is Chapter 17. Your team members need to be familiar with
Chapter 13 and 17 to do well on the debate. New! Review the additional
information provided on the scoring guides below for sources of information.
 Go to Economics USA web site at http://www.learner.org/resources/series79.html
login by providing your e-mail address and a password created by you and
proceed to view the Monetary Policy video. Or review the speech by Dr
Bernanke on the current financial crisis. Complete a one page typewritten
summary of key points made by the video or speech. Bring to class for
discussion and turn in for core abilities valued at two points. A CD copy is
available in the Fond du Lac library for those that are unable to have access
to a broad band network. Please contact staff at the library for additional
information.
 Complete the Factor Markets and Production Worksheet, pages 84 to 86 prior to
class that was due this week before class. Please make certain that you complete
this assessment now and no later than before next week’s class. Please review the
grading policy on late work.
 Quote of the week, “We create our fate every day…most of the ills we suffer from
are directly traceable to our own behavior.” Henry Miller
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 macro economic 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.
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 on-line sources or economics website www.mpteconomics.org
5
4
2
0
Learners analyze causes and consequences of the fiscal changes in AD, AS, output,
employment, and/or price level providing a defensible rationale. Review chapter 10
5
4
2
0
Learners describe fiscal standard indicators of economic fluctuations. Describe what
5
4
2
0
indicators are and the type that are most important for fiscal policy and why.
Research the Conference Board at http://www.conference-board.org/
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 macro economic 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.
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 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
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
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
5
4
2
0
using monetary policy. Use the PowerPoint’s provided in chapter 17. Explain the
relationships. Go to on-line sources or economics website www.mpteconomics.org
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
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:
4 2 0