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ECON545: Project 2—Macroeconomic Analysis
The Macroeconomic Paper tests your ability to apply economic
principles to a business decision considering the impact of
macroeconomic variables. Select one situation from the items outlined
below: A to D. Complete the paper on the selected situation as specified
below. The completed paper is a professional report and is due in Week
6 (260 Points). See the grading rubric at the end of this document. Be
sure to use the DeVry library to find data, and avoid questionable
sources, such as Wikipedia.
Each of the scenarios has a list of Macroeconomic areas you are to
address, with sources, in your answer. Briefly you are to research and
show how these apply to your scenario: GDP growth rate (20 points), the
business cycle (30 points), fiscal policy and level of unemployment (50
points), monetary policy and interest rates (50 points), international trade
(40 points), and demographics (20 points).
Situation A
Rick, your friend, runs a small manufacturing plant that produces parts
for the auto industry. Rick is thinking of expanding his operations to
meet the increasing demand from car manufacturers. Hearing of your
taking this course in business economics, he asks you for advice on how
to go about making the expansion decision.