Sources of Long-term Economic Growth

ECON 103: Sources of Long-term Economic Growth

 

Purpose:

Your case study paper is due at the end of Week 7.  The purpose of the assignment is to apply your knowledge of the sources of nations’ long-term economic growth to develop a proposal for economic policies that encourage growth. This assignment is based on Chapter 19 in Meyer’s Everything Economic Book and on supplementary readings.

Description:

During Week 4, we studied concepts related to the sources of long-run economic growth. This growth benefits our society by advancing our well-being and improving our standard of living over time. The paper assignment for this course asks you to define and explain examples of each of the sources of economic growth, and to develop proposals for economic policies that would encourage and promote each source of growth.  First, review Chapter 19 and then click on the links below to read an article and watch the video on economic growth:

https://research.stlouisfed.org/publications/page1-econ/2013/09/01/what-are-the-ingredients-for-economic-growth/

https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-long-run-consequences-of-stabilization-policies/economic-growth/v/understanding-economic-growth-ap-macroeconomics-khan-academy

You may read other articles as well and include them in your bibliography.

Using these resources:

  1. Define the sources of long run economic growth.
  2. Give an example of each of the sources of growth.
  3. Propose one policy for each source of growth that could enhance or strengthen that source.
  4. For you as an individual, what are the benefits of achieving strong economic growth in the United States? What are the main challenges?
  5. Finally, at the conclusion of your paper please include a brief statement reflecting on what you feel you have learned from the assignment and how that learning may be applied to your life or work going forward.

Project Specifications:

  • Must be a total of 800 to 1200 words
  • Your case study is due at the end of Week 7
  • Include a bibliography with at least two references, presented in APA format
  • Check your paper for spelling and grammar prior to submission
  • This paper must be written in your own words

 

Grading Rubric for Case Study Paper

Econ 103 Case Study Rubric: Sources of Economic Growth  
 
  % Below Standard Approaching Standard At Standard Exceeds Standard
Accuracy of summary

(Questions 1 and 2: sources of growth and examples)

20% No explanation provided for questions 1 and 2. Partial or cursory explanation provided for questions 1 and 2 that may contain some errors. Brief but accurate explanation provided for questions 1 and 2. Complete and well-developed explanation provided for questions 1 and 2.
Critical thinking using economic principles

(Questions 3 and 4. Policies and challenges to growth)

40% No response provided for questions 3 and 4. Partial or cursory responses provided for questions 3 and 4 or answers contain some errors. Brief but accurate responses provided for questions 3 and 4. Complete and well-developed responses provided for questions 3 and 4.
Applications to your life

(Question 5)

10% No responses provided for question 5. Partial or cursory responses provided for question 5.  Responses may contain some errors. Brief but logical responses provided for question 5. Complete and well-developed responses provided for question 5.
Effective writing

Case study is clearly organized and logically presented.  Writing includes proper grammar, spelling and punctuation (including verb agreement and complete sentences).

20% Arguments presented in case study are poorly organized and difficult to follow. Writing includes numerous errors in grammar and spelling. Arguments presented in case study are poorly organized and difficult to follow. Writing includes some errors in grammar and spelling. Arguments presented in case study are well organized but difficult to follow. Writing includes few errors in grammar and spelling Arguments presented in case study are well organized and easy to follow. Writing includes no errors in grammar or spelling.
Use of APA style in title, reference list and in-text citations

Paper includes title page

All facts, figures and direct quotes are properly cited using APA format in-text citations.

APA format sources are provided for all tables and figures.

A reference list using APA format is included with at least two sources.

10% No title page included

No in-text citations are used for facts, figures or direct quotes.

No APA format sources are provided for tables and figures.

No reference list is included.

Title page included

APA format in-text citations are missing for many facts and figures or direct quotes.

APA format sources are missing for tables and figures.

A reference list using APA format is included with fewer than two sources.

Title page included

Some facts and figures and direct quotes are not properly cited using APA format in-text citations.

APA format sources are missing for some tables and figures.

A reference list using APA format is included with fewer than two sources.

Title page included

All facts and figures and direct quotes are properly cited using APA format in-text citations.

APA format sources are provided for all tables and figures.

A reference list using APA format is included with at least two sources.

 

 

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