Economics 809-195
Joe Halter, email jhalter@morainepark.edu
Assignments for the week of April 27
 Complete with your team the Learning Plan 6 and 7 assessment
presentations/debate on macroeconomics using fiscal and monetary policy.
Review the scoring guides below carefully to ensure that each criterion and
question has a response. Submit your presentations and opening agreements on
file but each is separate. The file name should be descriptive of the team color,
and appropriate policy, for example, teambluefiscal.ppt and
teambluemonetary.ppt. Have headings of criterion and slides in sequential order.
Remember to consider stagflation for the debate. Your team will need to prepare
two separate PowerPoint’s (1-4 slides) on your debate for monetary and fiscal
policy with the team opening arguments to correct the economic scenario listed on
the debate scoring guide by prior to your class.
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,
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
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
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
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
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:
2
0
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.
met
Communicate clearly.
not met
3
0
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 applies standard rules of language structure including grammar,
spelling and punctuation.
Learner makes eye contact with audience.
Learner speaks without reading from text.
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