Critical Thinking Assignment
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Macroeconomics – ECO2013 – Critical Thinking Assignment
Critical Thinking Activity Questions:
What is the difference between monetary and fiscal policy? (20 points)
What tools does each type of policy have at its disposal? (20 points)
What impact did these policies have on the aggregate supply and aggregate demand curves during the great recession (2007-2009) and Covid-19 (2020-2022)? (20 points)
Defend whether you think the FED chose the right actions. What could the FED have done better? (20 points)
Were there any moral hazards in these policies? (20 points)
The Details
Your essay should be at least 750 words (2-3 pages) and in proper paragraph format. It will be graded for the accuracy of your content, the quality of your writing, the flow and coherence of your paper, the use of in-text references (APA format), the use and proper APA format of a reference page, and the mechanics of spelling, grammar, syntax, etc. The Rubric can be found on page 2.
What is the Learning Outcome of the course that you are targeting with this lesson/activity?
1. Explain the impact of monetary policies
2. Advise on appropriate fiscal policies in response to economic conditions
3. Discuss limits of monetary and fiscal policies
4. Conduct basic research, write bullet points, and present on the outcomes of such policies to the class in a professional manner
Online reference tools:
https://www.citationmachine.net/
https://www.easybib.com/
https://www.scribbr.com/
Attachments source: https://apastyle.apa.org/style-grammar-guidelines/paper-format/sample-papers
Rubric
Category
10-9
8-7
6-5
4-0
Quality of Information
Information clearly relates to the main topic. It includes several supporting details and/or examples.
Information clearly relates to the main topic. It provides 1-2 supporting details and/or examples.
Information clearly relates to the main topic. No details and/or examples
are given.
Information has little or nothing to do with the main topic.
Organization
Information is very
organized with well-
constructed paragraphs
and subheadings.
Information is organized
with well-constructed
paragraphs.
Information is organized, but paragraphs are not
well-constructed.
The information
appears to be
disorganized.
Paragraph Construction
All paragraphs include
introductory sentence,
explanations or details, and concluding sentence.
Most paragraphs include introductory sentence, explanations or details, and concluding sentence.
Paragraphs included
related information but were typically not
constructed well.
Paragraphing structure was not clear and sentences were not typically related within
the paragraphs.
Amount of Information
Paper clearly meets the
minimum word requirement of 750 words using clearly thought out language.
Paper meets minimum
requirement of 750 words though it is clear the ideas are stretched to meet the requirement.
Paper is approaching the minimum of 750 words.
Paper does not closely meet the minimum requirement.
Sources
All sources (information
and graphics) are
accurately documented in
APA format.
All sources (information
and graphics) are
accurately documented,
but a few are not in APA
format.
All sources (information
and graphics) are
accurately documented,
but many are not in APA
format.
Some sources are not accurately documented
or not at all.
Thesis
Thesis is well crafted and is thoroughly addressed through written analysis.
Thesis is apparent and is addressed through written analysis.
Thesis is weak and/or not clearly addressed
throughout written
analysis.
Thesis is either unclear or not addressed
throughout written
analysis
Research
Thorough and legitimate scholarly research is clear and is applied throughout the written report.
Legitimate research is
clear and is applied
throughout the written
report.
Research is implied and is loosely applied throughout written report/ Sources may be limited or questionable.
Little research
apparent/ Sources may be limited or
questionable.
Quotes
Quotes are cleverly used and precisely formatted throughout the paper.
Quotes are used and well formatted throughout the paper.
Quotes are used, however formatting issues are apparent.
No quotes used
throughout paper.
Mechanics
No grammatical, spelling or
punctuation errors.
Almost no grammatical,
spelling or punctuation
errors.
A few grammatical
spelling, or punctuation
errors.
Many grammatical,
spelling, or punctuation errors.
Formatting
Paper clearly and neatly follows APA style guidelines.
Paper mostly follows APA style guidelines.
Paper does not follow APA style guidelines, but is typed and neat.
Paper is not typed or is sloppy in appearance.
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