Economics: Fiscal Policies

Specifically, the following critical elements must be addressed:

•   Examine the fiscal policies in place at the start of your specific time period in relation to their effects on macroeconomic issues. For instance, consider level of government spending, taxation, subsidies, unemployment benefits, and so on.
•   Analyze new fiscal policy actions undertaken by the U.S. government throughout the time period by describing their intended effects, using macroeconomic principles to explain the actions.
•   Explain the impact of the new fiscal policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles.

ECO 202

Presentation Title
Your Name
ECO 202
Instructor Name

ECO 202

Fiscal Policy
This rubric element wants you to look at the policies in place at the start of your
chosen decade.
• You will need to provide details on the policies and examine how they were

related to macroeconomic issues at the time. Your slide(s) on this will highlight
the key points and your speaker notes will add the explanatory detail needed.

• You may need to take a peak at what was happening in the years leading up
to the start of your decade.

• Your work here should include scholarly research which you can best find
information on specific fiscal policies, search by President instead of by years
– start with these sites:

• Congressional Budget Office
• White House website
• National Bureau of Economic Research

http://www.cbo.gov/

https://www.whitehouse.gov/

http://www.nber.org/

ECO 202

Fiscal Policy Actions

This rubric element wants you to examine what the fiscal policy initiatives were
going forward, to respond to the changing economic landscape.
• You should specifically state what the intent of the actions were – for instance,

it could be to decrease unemployment.
• Then, use our macroeconomic principles and models (like the AD-AS model or

Keynesian consumption function) to explain why the action would lead to the
outcome desired by the government.

• Keep the main points (and any use of graphs to show the economic models)
on the slide and use the speaker notes to add full explanation.

• Scholarly research is required here as well (this may overlap with research
from the previous element, as appropriate).

http://media.pearsoncmg.com/ph/bp/bp_hubbard_econ_5/Figures/ch24/figure2404.html

http://media.pearsoncmg.com/ph/bp/bp_hubbard_econ_5/sectionvid/section2301.html

http://media.pearsoncmg.com/ph/bp/bp_hubbard_econ_5/sectionvid/section2302.html

http://media.pearsoncmg.com/ph/bp/bp_hubbard_econ_5/sectionvid/section2303.html

ECO 202

Fiscal Policy Impact
After looking at what the government set out to do and why, you will now
examine if it actually worked.
• You will look at the macroeconomic data (which you already gathered in

milestone one) to see if policy actions achieved their goals. For instance, if
President Johnson’s “War on Poverty” aimed to reduce poverty in the U.S.
and, in doing so, create a stronger economy. With less poverty, we should see
increased consumption and higher growth rates.

• Keep in mind that there may be times when the government misread the
economy and implemented a policy that had unintended effects so its
important to compare what was observed after the policy in the
macroeconomic data to what the policy objectives were.

• Also, consider how individual households and businesses were impacted by
the policy decisions. For example, if taxes were lowered, did people spend
more money? Did they save more money? Which group(s) of people received
the tax cut?

ECO 202

References

• Include references in APA style.

ECO 202 Milestone Two Guidelines and Rubric: Fiscal Policies

Continue your observation of the 10-year period selected for Milestone One, and research the fiscal policies implemented during those years.

Specifically, the following critical elements must be addressed:

 Examine the fiscal policies in place at the start of your specific time period in relation to their effects on macroeconomic issues. For instance, consider
level of government spending, taxation, subsidies, unemployment benefits, and so on.

 Analyze new fiscal policy actions undertaken by the U.S. government throughout the time period by describing their intended effects, using
macroeconomic principles to explain the actions.

 Explain the impact of the new fiscal policy actions on individuals and businesses within the economy by integrating the macroeconomic data and
principles.

Guidelines for Submission: Your fiscal policies milestone should be 3–5 slides in PowerPoint, Prezi, Keynotes or PreZentit, not including title page and references.
Be sure to include speaker notes to accompany all of your responses. Your reference list slide needs to be in APA format.

Critical Elements Proficient (100%) Needs Improvement (75%) Not Evident (0%) Value

Fiscal Policies

Examines the fiscal policies in
place at the start of the specific
time period in relation to their
effects on macroeconomic issues,
and provides information in
speaker notes

Examines the fiscal policies in
place at the start of the specific
time period, but does not relate
this to their effects on
macroeconomic issues, or does
not provide information in
speaker notes

Does not explain the fiscal
policies in place at the start of the
specific time period

30

Policy Actions

Analyzes new fiscal policy actions
undertaken by the U.S.
government throughout the time
period by describing their
intended effects, uses
macroeconomic principles to
explain the actions, and provides
information in speaker notes

Analyzes new fiscal policy actions
undertaken by the U.S.
government throughout the time
period, but does not describe
their intended effects, does not
use macroeconomic principles to
explain the actions, or does not
provide information in speaker
notes

Does not analyze new fiscal policy
actions undertaken by the U.S.
government throughout the time
period

30

Fiscal: Impact

Comprehensively explains the
impact of the new fiscal policy
actions on individuals and
businesses within the economy
by integrating the
macroeconomic data and
principles, and provides
information in speaker notes

Explains the impact of the new
fiscal policy actions on individuals
and businesses within the
economy, but is not
comprehensive, does not
integrate the macroeconomic
data and principles, or does not
provide information in speaker
notes

Does not explain the impact of
the new fiscal policy actions on
individuals and businesses within
the economy

30

Articulation of
Response

Submission has no major errors
related to citations, grammar,
spelling, syntax, or organization

Submission has major errors
related to citations, grammar,
spelling, syntax, or organization
that negatively impact readability
and articulation of main ideas

Submission has critical errors
related to citations, grammar,
spelling, syntax, or organization
that prevent understanding of
ideas

10

Earned Total 100%