Decade of Fiscal Policy Analysis

Presentation Title Your Name ECO 202 Instructor Name ECO 202

Fiscal Policy This rubric element wants you to look at the policies in place at the start of your chosen decade. You will need to provide details on the policies and examine how they were related to macroeconomic issues at the time. Your slide(s) on this will highlight the key points and your speaker notes will add the explanatory detail needed. You may need to take a peak at what was happening in the years leading up to the start of your decade. Your work here should include scholarly research which you can best find information on specific fiscal policies, search by President instead of by years start with these sites: Congressional Budget Office White House website National Bureau of Economic Research ECO 202

Fiscal Policy Actions This rubric element wants you to examine what the fiscal policy initiatives were going forward, to respond to the changing economic landscape. You should specifically state what the intent of the actions were - for instance, it could be to decrease unemployment. Then, use our macroeconomic principles and models (like the AD-AS model or Keynesian consumption function) to explain why the action would lead to the outcome desired by the government. Keep the main points (and any use of graphs to show the economic models) on the slide and use the speaker notes to add full explanation. Scholarly research is required here as well (this may overlap with research from the previous element, as appropriate). ECO 202

Fiscal Policy Impact After looking at what the government set out to do and why, you will now examine if it actually worked. You will look at the macroeconomic data (which you already gathered in milestone one) to see if policy actions achieved their goals. For instance, if President Johnson's "War on Poverty" aimed to reduce poverty in the U.S. and, in doing so, create a stronger economy. With less poverty, we should see increased consumption and higher growth rates. Keep in mind that there may be times when the government misread the economy and implemented a policy that had unintended effects so its important to compare what was observed after the policy in the macroeconomic data to what the policy objectives were. Also, consider how individual households and businesses were impacted by the policy decisions. For example, if taxes were lowered, did people spend more money? Did they save more money? Which group(s) of people received the tax cut? ECO 202

References Include references in APA style. ECO 202