Fiscal And Monetary Policy: Economic Problems

S5: Fiscal and Monetary Policy Essential Questions: 1 To what extent is government capable of addressing economic problems? Task: For this summative you will answer the third essential question, to what extent is the government capable of addressing economic problems? To answer this question, you will focus on a failed or failing economic state. Skills: Your skill goal for this unit is to continue working on your ability to contextualize your argument. You will continue to strengthen your previous skill goals (creating an original argument and supporting it with evidence, independent learning, and considering and refuting an alternative argument). In addition, you will be assessed on the editing of your final product which includes spelling and formatting. F5: Independent Learning For your independent learning, you are going to learn about the political state of the country of your choice. You will use this information to contextualize the state of the country’s economy, because you can’t separate political and economic problems that exist in a country. 1 First, choose one of the following countries: 1 Venezuela 2 Greece 3 Somalia 4 South Sudan 5 Haiti 6 Ethiopia 7 Afghanistan 8 Bangladesh 9 El Salvador 10 Jamaica Afghanistan 2 Next, identify and explain the type of political system/government that exists in the country. Presidential system and Islamic republic 3 Next, identify and explain who is in political leadership in the country and the way in which they came to power. Ashraf Ghani 4 Next, identify and explain a current political problem that exists in the country that is having a negative impact on the economy of the country. The country is facing bad governance, increased corruption. 5 Finally, identify and explain an historical event that has had a long-lasting negative impact on the country. The country has suffered from decades of conflicts. F5: Independent Learning Rubric Below Expectations Approaching Expectations Meeting Expectations Exemplifying Expectations Knowledge and Understanding KU.001 KU.002 Student does not demonstrate comprehension of economic concepts because explanations are not clear and/or relevant, and/or explanations are not in their own words. Student attempts to demonstrate comprehension of economic concepts but some explanations are not clear and/or relevant, and/or some explanations are not in their own words. Student demonstrates comprehension of economic concepts by providing clear and relevant explanations in their own words. Student demonstrates comprehension of economic concepts by providing clear and relevant explanations in their own words, by using this skill beyond the requirements of the assignment. Teacher Feedback: This assignment is incomplete. Please email me when you complete the assignment. Below Expectations Approaching Expectations Meeting Expectations Exemplifying Expectations Synthesis and Evaluation SE.001 Student does not use economic theories and models effectively to evaluate economic issues because information is not clear and/or relevant. Student attempts to use economies theories and models to evaluate economic issues but is not fully effective because not all information is clear and/or relevant. Student effectively uses economic theories and models to evaluate economic issues in a clear and relevant manner. Student effectively uses economic theories and models to evaluate economic issues in a clear and relevant manner, by using this skill beyond the requirements of the assignment. Teacher Feedback: This assignment is incomplete. Please email me when you complete the assignment. Below Expectations Approaching Expectations Meeting Expectations Exemplifying Expectations Communication, reporting, and production CO.003 Student does not cite all sources in MLA format. Student attempts to cite all sources in proper MLA format but has mistakes. Student cites all sources in proper MLA format with no mistakes. Student cites all sources in proper MLA format with no mistakes, by using this skill beyond the requirements of the assignment. Teacher Feedback: This assignment is incomplete. Please email me when you complete the assignment. 16.11-12.SOC.KU.001 - Student uses social science concepts and terminology in context. 16.11-12.SOC.KU.002 - Student demonstrates knowledge and understanding of subject-specific content and concepts through developed descriptions, explanations, and examples. 16.11-12.SOC.SE.001 - Student uses various social science concepts, theories, practices, and models to evaluate issues, events and ideas. 16.11-12.SOC.CO.003 - Student documents and references sources of information using recognized social sciences conventions. F5: Research and Analysis You need to research the patterns of specific economic performance indicators for your country. For these patterns, look at the last ten years. GDP Average GDP growth rate was 6.98% from 2007 to 2017. The highest GDP growth rate was recorded in 2009 at 17.20% and the lowest recorded in 2015 at -1.80%. Unemployment The average unemployment rate is 8.5%, with the highest rate recorded in 2016, 8.6% and the lowest rate recorded in 2012, 8% Inflation The average inflation rates recorded between 2007 to 2017 is 4.11%, the highest recorded on April, 2011, 13.97% and the lowest recorded on May 2009, -18.39% People living below the poverty line From 2007 to 2017, the percentage of people living below poverty line is 36%. Balance of Trade (exports-imports) The country has experienced an average of $6.27 billion deficit in balance of trade between 2007 and 2017. The largest deficit was $8.64 billion recorded in 2012 and the smallest was $2.57 billion recorded in 2007. Purchasing power parity (Optional) The average purchasing power parity fell from $35 billion in 2007 to $22.27 billion in 2008, since then the purchasing power parity is on the rise with highest, $69.51 billion, recorded in 2017. The average purchasing power parity was $35.49 billion from 2007 to 2017. Gini coefficient (Optional) The average gini coefficient for the last ten years is 27.82 F5: Research and Analysis Rubric Below Expectations Approaching Expectations Meeting Expectations Exemplifying Expectations Application and Analysis AA.002 Student does not conduct relevant research. Student attempts to conduct research, but not all research is relevant to the essential question. Student conducts research relevant to the essential question. Student conducts research relevant to the essential question, by using this skill beyond the requirements of the assignment. Teacher Feedback: Below Expectations Approaching Expectations Meeting Expectations Exemplifying Expectations Communication, reporting, and production CO.003 Student does not cite all sources in MLA format. Student attempts to cite all sources in proper MLA format but has mistakes. Student cites all sources in proper MLA format with no mistakes. Student cites all sources in proper MLA format with no mistakes, by using this skill beyond the requirements of the assignment. Teacher Feedback: 16.11-12.SOC.AA.002 - Student develops and implements an action plan to investigate a social science research question. 16.11-12.SOC.CO.003 - Student documents and references sources of information using recognized so...