The Current Events must be based on the economic topics discussed within the Module. See the rubric for specific points and requirements.
Your Current Event should include 5 terms from the module glossaries. Terms should be used accurately within the text of your paper. To receive full points, terms must be highlighted, used appropriately within the narrative, and not provided in a list of terms simply to get them in the paper.
The Current Event should follow an APA format and include the following headings:
- Introduce the article name and economic topic. (2–4 sentences)
- Summary of Article
- Summarize the article. Include APA in text citations. (2 paragraphs)
- What do you think? Give your opinion about how you believe this topic will affect you or the economy. (2 paragraphs)
- Graphical Analysis (Image and 1 paragraph)
- Must include an approved economic model having the correct labels.
- When applicable, the model must show the change implied by the article summary.
- (Note: trend lines or graphs from the internet will not meet the requirement for this part of the paper)
- Give a clear concise and accurate description of the change that occurs on the model. Discuss the concepts that define the model if a change is not applicable.
- Discuss the consequences that might occur that are in opposition to the authors ideas or to your interpretation. What factors might cause a different outcome? Are there groups of people who might be hurt or helped not indicated in your previous discussion? (1 paragraph)
Recommended length: 1-2 pages.
Each current event MUST cover the correct material and be submitted to the correct link for grading. These act as your ‘tests’ over the material. Each Current Event must include a model discussed in class.
Do NOT use trend lines from articles or the Internet. They will not count toward the model and analysis section.
Internet search tips: The following tips may help you in your search for relevant news events. In addition, see the chart below for more specific tips for finding specific topic news events.
- Go to the home page of reputable news sources. These could include the New York Times, The Economist, The LA Times, USA Today, The Week, The Washington Post, Forbes Magazine, Wall Street Journal, Huffington Post, and BBC News.
- Look at the headlines. Do any of them apply to one of the concepts discussed in class? For instance, a headline about California drought could relate to the supply of wine if the drought is in an area where grapes are grown.
- Seek information about a specific topic. Type in your topic and select “NEWS” below the search bar to narrow your search. For instance: Type in the topic “economic growth”, then select NEWS. You will get the latest headlines about GDP and/or economic growth.
- Suggestions for key search terms are provided in the table below.
|Chapters||Models||Topic and Search Tips|
|CE1||1, 2, 3||PPF, Supply Curve, Demand Curve||Look for articles about what is happening in the market for a specific good or service; like coffee or gas.|
|CE2||12, 22, 23, 24||Equations: CPI, GDP, Rule of 70, Price Index, LFPR, Unemployment|
Graphs: Business Cycle, Solow Curve
|Look for articles about the growth rate of different countries, whether the economy is in a recession or inflationary period; investment and R&D of a local firm; unemployment; inflation|
|CE3||25, 26||Equations: PV, FV, Fisher Effect|
Graphs: Loanable Funds, Consumption Function
|Look for articles about planning for retirement, consumption of goods/services overall in the economy, interest rates, changes in overall economy or economic indicators|
|CE4||27, 28||SRAS, LRAS, AD, AE||Look for articles about Fiscal policy, changes in overall economy or economic indicators|
|CE5||29, 30, 31, 32||Equations: t-account, LRR,|
Graphs: Money demand curve, money supply curve, Phillips curve
|Look for articles about Federal Reserve, Monetary Policy, banking policy or regulation|
|CE6||8, 33, 34||Equations: Exchange rate, comparative advantage|
Graphs: Comparative advantage, World price supply and demand model
|Look for articles about trade or exchange rates|