ECO/372 Week 1 Ten Principles of Economics and the Data of Macroeconomics Individual Assignment Develop a 10 slide presentation

ECO/372 Week 1 Ten Principles of Economics and the Data of Macroeconomics Individual Assignment Develop a 10 slide presentation

Purpose of Assignment 

The purpose of this is assignment is for students to review the basic principles of economics and the concepts of the circular flow model, showing the connectivity of society’s economic players and the flow of goods and money within an economy. Students will learn how society allocates its scarce resources and how economists are both scientists and policymakers. Students will define GDP and CPI and how they are calculated.

Assignment Steps 

Resources: National Bureau of Economic Research; Principles of Macroeconomics: Ch. 1, 2, 3, 4, 5, 6, and 7 

Scenario: Your organization’s CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing a presentation to introduce some of these thoughts and principles. 

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Develop a 10 slide presentation (eight content slides – you should have two slides for each of the bullets below, plus the title slide and the references slide) to the members of the strategic planning committee explaining the following information:

  • How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources.
  • Using the circular flow model, explain the flow of money and goods in an economy.
  • A country’s gross domestic product (GDP) and how it is defined and calculated.
  • How the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living. 

Use the speaker note view and include speaker notes. The speaker notes are 50% of the grade for this assignment and need to contain all the factual information related to your bullets.  Be sure to include proper APA citations for the content in your speaker notes.  All visuals require a citation.  You should have a visual for the circular flow on one of your slides. 

Format the assignment consistent with APA guidelines. 

Click the Assignment Files tab to submit your assignment.

Course: ECO372 Principles Of Macroeconomics
School: University of Phoenix

 

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