Module 6 (Autosaved)

Module 6 (Autosaved) - Module 7: Assignments CLC: Federal...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Module 7: Assignments CLC: Federal Open Market Committee 1) Students will work in teams of four and act as a ‘mini' Federal Open Market Committee responsible for making a decision on the direction of short-term interest rates. 2) As a team, students will research and gather information on the following economic indicators: ME a. GDP b. CPI c. Non- farm payroll employment d. Industrial Production/Capacity Utilization e. Advance Report on Durable Goods Shipments, New Orders, and Unfilled Orders f. Housing Starts g. Retail Sales Hello Sir, I have attached here the signed documents; also if possible can I have those additional documents you stated and answers to my questions as well in the previous email? Thanks. Best Wishes, Andrew James h. S&P 500 Stock Index 3) Based on this information, the team will write a 8 – 10 slide presentation in MS PowerPoint addressing the following items: a. An analysis of current economic conditions, b. Expectations of economic, financial and international conditions for the near future, c. Identification of economic issues of special concern at the present time or in the near future, d. A recommendation as to whether short-term interest rates should be raised, lowered, or kept the same. 4) The economic data required for this exercise can be found on the Federal Reserve Bank website at http://www.ny.frb.org/research/national_economy/nationalindicators.html 5) APA style is not required, but solid academic writing is expected. Cite material appropriately and include a reference slide if necessary.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
6) Submit the assignment to the instructor by the end of Module 7. ECN 601 Unemployment, Inflation, and Government Policy Readings Read chapters 8, 12 and 14 in Economics. Introduction This module explains the effects of unemployment and inflation on the economy. Because the market does not always self-adjust within a reasonable period of time, we also examine two ways in which government steps in to stabilize the economy. We will examine both fiscal and monetary policy as powerful tools available to government to smooth out economic fluctuations. Until the most recent recession (2007-09), monetary policy had taken center stage in managing the US economy. Certainly during the Greenspan era, business executives and government policy makers alike looked to the Fed for insight, direction, and a sense of security with respect to the US economy. The recent financial and economic crisis has resulted in the Fed taking a more ‘activist' role but it has also brought the effectiveness of monetary policy into question. Inflation and Unemployment Economists classify unemployment as frictional, structural, and cyclical. Frictional unemployment includes those workers who voluntarily have temporarily left the workforce. Structural
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 12

Module 6 (Autosaved) - Module 7: Assignments CLC: Federal...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online