Project Introduction: The project will require you to collect economic indicators for the most recent year and analyze them. You will then discuss the strengths and weaknesses of using GDP to measure economic activity.
Course Objectives Tested:
1. Explain key macroeconomic terminology.
2. Apply supply and demand theory to analyze product, money, and foreign exchange markets.
3. Create and use economic graphs and numerical models to analyze and propose solutions for macroeconomic problems.
4. Evaluate the health of the U.S. macroeconomy in terms of key economic measures.
5. Analyze unemployment, inflation, and economic growth.
6. Compare and contrast the classical and Keynesian macroeconomic models.
7. Evaluate discretionary actions the government takes to achieve national economic goals using fiscal and monetary policy.
8. Outline the fundamental functions of money, rationalize the existence of banks, and describe the functions and structure of banking.
9. Identify and analyze the actions the Federal Reserve System can take to stabilize the U.S. monetary and financial system.
10. Describe the international dimensions of macroeconomic policy and the benefits of international trade.
11. Analyze the policies that lead to economic growth.
12. Use the ITT Tech Virtual Library to research selected topics.
13. Working within a group, make an oral and visual presentation of research findings.