Final Graph

Link to Sample Commentary

Assignment Due Friday 12/12

Part 1: Commentary Article and outline
-Either using a new Macro current event article or the one you submitted two weeks ago, complete and send an outline to Mrdasilvasjha@gmail.com in which you:

A. Summarize the article (just to make sure you've read and understand it)
B. List terms or concepts from the class that could be applied to the article.
C. List diagrams that could be applied to the article.
D. Describe a portion of the article that you could evaluate (costs vs. benefits, winners vs. losers, long-term vs. short-term, validity of theory). 


Part 2:  Taxes

A.Read this article. Based on the article, do you think Americas are overtaxed compared to other countries? Which countries have highest the tax rates? Which countries have the lowest tax rates?

B. What are 5 conclusions or interpretations that can be made from the graph to the right/below?

C. Read this "article." Based on the article what are at least 4 things that the very wealthy do to pay a lower tax rate? What do you think should be done about this?

D. What are some reasons to tax the rich more than the poor? What are some reasons not to tax the rich more than the poor?




Part 3: Once you have cleared Part 1 with me, you can start working on your commentary (will be due after the break).

Due Friday

Pretend that you are an economic advisor to Barack Obama when the recession hit in 2008. 

Step 1: Describe the problem (Explain what causes recessions and the effect they have on the economy and employment).

Step 2: Outline the Keynesian solution with a diagram (Demand-side policies)

—Step 3: Outline some Supply-side policies with a diagram (Neo-classical).

—Step 4: Explain which you think Obama should use and why. Include a discussion of how your plan will deal with unemployment and inflation