ECO372 Week 3 Learning Team Assignment: The Real Economy in the Long Run
Purpose of Assignment
Students examine the long-run determinants of both the level and the growth rate of real GDP per person and the factors that determine the productivity of workers and what governments might do to improve the productivity of their citizens. Students will learn how saving and investment are coordinated by the loanable funds market and will see the effects of taxes and government deficits on saving, investment, the accumulation of capital, and ultimately, the growth rate of output. Students will be introduced to tools that people use when they participate in financial markets. Students will see how people compare different sums of money at different points in time, how they manage risk, and how these concepts combine to help determine the value of a financial asset, such as a share of stock. Students will be introduced to the labor market and how economists measure the performance of the labor market using unemployment statistics. Students will address a number of sources of unemployment and some policies that the government might use to lower certain types of unemployment.
Resources: National Bureau of Economic Research
Scenario: The organization’s strategic plan calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. It is your task to determine where, outside the United States, your organization should locate its new manufacturing plant.
Write an APA formatted paper (between 1200 and 1400 words) recommending an off-shore country and support your choice with the following data:
- The factors determining the country’s productivity
- How the country’s policies influence its productivity growth
- How the country’s financial system is related to key macroeconomic variables
- How your organization can reduce the risk they would face in relocating
- The current and projected unemployment over the next five years
A minimum of three key components related to each bullet need to be included. Remember to include proper APA citations for any facts or data you present. You should have an introductory section and a conclusion/summary section.
Cite a minimum of three peer-reviewed sources not including your textbook.
Format the assignment consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
School: University of Phoenix
- : 05/02/2018
- : 40
- Week 3 Team Assignment