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Consider yourself about to prepare a
double-spaced issue-paper for use by the President's Council of Economic
Advisors. Your paper is due
before the deadline given at the bottom of the 15-Module Calendar.
Use the following guidance:
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If you purchased the
13th edition
of The Economics of Public Issues, write
issue-paper #4 on these issues:
Issue # 28 - The Opposition to Free Trade
Issue # 29 – The $750,000 Job
Issue # 30 – The Euro
Issue # 31 – Monetary Policy and Interest Rates
If you purchased the
14th edition
of The Economics of Public Issues, write
issue-paper #4 on these issues:
Issue # 29 – Free Trade, Less Trade, or No Trade?
Issue # 30 – The $750,000 Steelworker
Issue # 31 – A Farewell to Jobs
Issue # 32 – The Rise of the Dragon
1. If you purchased the 13th edition, your paper must
present the major five facts about issues #28, #29, #30,
and #31 found in
Part Seven - Global
and Macroeconomic Affairs - in the supplementary text
The Economics of Public Issues
which you
purchased for use during Principles of Economics I and
II at Patrick Henry Community College.
If your
purchased the 14th edition,
your
paper must present the major five facts about issues
#29, #30, #31, and #32 found in
Part Seven -
International Trade and Economic Prosperity in the
supplementary text The Economics of Public Issues
which
you purchased for use during Principles of Economics I
and II at Patrick Henry Community College.
2. Your paper
must make reference to principles of economics found in
the Bade/Parkin primary textbook that should guide the
Council of Economic Advisors toward selecting a single
issue which merits the additional spending of
discretionary tax dollars appropriated by the Houses of
Congress.
3. The issue
which you choose to recommend for funding will be
pursued at the expense of all remaining issues within
Part Seven which shall received zero tax dollars as a
consequence of your recommendation.
4. The Council
does not listen to lengthy or disorganized
issue-papers. You have to write concisely and with
precision so that your issue-papers meet the
specifications set forth below. |
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Your issue paper should conform to the format and be sent to the
instructor electronically
before the deadline given at the bottom of the 15-Module Calendar.
Use the following 12-page format:
A further breakdown of the
content of each page is as follows:
Page
1
your
name: _______________
|
the college honor policy statement,
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the words
"This issue paper is given to Thomas Meyer
of Patrick Henry Community College
to meet the requirements of
The
Final Exam
in
Principles of Economics I (Macroeconomics)."
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the
date you finished writing this issue-paper
date:
_________________
|
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Page
2
Table of Contents
| page 2 |
- Table of Contents
- Terms and definitions
|
| pages 3,5,7,9 |
The five most important
facts about each issue |
| pages 4,6,8,10,
|
One or two guiding
principles of economics concerning each issue |
| page 11 |
The issue which in my
opinion should be funded (at the expense of the others)
|
page 11
continued |
Letter to the Council of
Economic Advisors prioritizing the economic issues based
on their factual merit and economic principles
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Terms and Definitions
Page
3
-
pages 3, 5, 7, and 9, ... the five most important facts about
each issue
|
page 3 |
Facts
about Issue #
_28_ entitled
"The Opposition
to Free Trade" (in the 13th Edition)
or facts about
Issue #_29_ entitled "Free Trade, Less Trade, or No
Trade" (in the 14th Edition). |
|
page 5 |
Facts
about Issue #
_29_ entitled
"The $750,000
Job" (in the 13th Edition)
or facts about
Issue #_30_ entitled "The $750,000 Steelworker" (in the
14th Edition). |
|
page 7 |
Facts
about Issue #
_30_ entitled
"The Euro"
(in the 13th Edition)
or facts about
Issue #_31_ entitled "A Farewell to Jobs" (in the 14th
Edition). |
|
page 9 |
Facts
about Issue #
_31_ entitled
"Monetary Policy
and Interest Rates" (in the 13th Edition)
or facts about
Issue #_32_ entitled "The Rise of the Dragon" (in the
14th Edition). |
Use the
same format for page 3, 5, 7, and 9.
Page
4
- pages 4,
6, 8, and 10 ... the principles of economics concerning each
issue
|
page 3 |
Principles
concerning Issue #
_28_
entitled "The
Opposition to Free Trade"
(in the 13th Edition)
or Principles
concerning Issue # _29_ entitled "Free Trade, Less
Trade, or No Trade" (in the 14th Edition.
|
|
page 5 |
Principles
concerning Issue #
_29_
entitled "The
$750,000 Job"
(in the 13th Edition)
or principles
concerning Issue #_29_ entitled "The $750,000
Steelworker" (in the 14th Edition). |
|
page 7 |
Principles
concerning Issue #
_30_
entitled "The
Euro" (in the 13th Edition)
or principles
concerning Issue #_31_ entitled "A Farewell to Jobs" (in
the 14th Edition). |
|
page 9 |
Principles
concerning Issue #
_31_
entitled "Monetary
Policy and Interest Rates"
(in the 13th Edition
or principles
concerning Issue #_32_ entitled "The Rise of the Dragon"
(in the 14th Edition).
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Use the same format for page 4, 6, 8, and 10.
Page 11
|
page 11 |
Based upon the facts and principles, I recommend funding
Issue # ______
entitles "_______________________"at
the expense of zero funding for the remaining issues |
|
page
11 continued |
In letter form, here is my rationale to the Council of
Economic Advisors prioritizing the issues from most
important to least important for national funding
purposes.
(Reviews
of other student papers are not required on the Project #4.) |
Date: _____________
Dear Members of the Council of Economic Advisors:
1. My report to you today is based upon my knowledge of The
Economics of Public Issues,
_____
Edition, my understanding of
Foundations of Macroeconomics
by Australian economist Robin Bade and Canadian economics
professor Michael Parkin, and my study under Mr. Tom Meyer of
Patrick Henry Community College in Virginia. Based on my
analysis and evidence I provided in the preceding pages of
Project #4,
I've prioritized the four economic issues given to me for
study. Here they are.
In
descending order of importance, you should consider funding:
A.
________________________________________________
B.
________________________________________________
C.
________________________________________________
D.
________________________________________________
2. Due to scarcity of
available federal tax revenues, I'm told you will probably fund
only the issue you regard as the most important. Unless I was
given insufficient information, other relevant variables have
emerged, new data has arisen, or circumstances have changed
since the preparation of my report, I respectfully and with
confidence recommend federal funds be spent to address and
rectify conditions prevailing in Issue #
____, entitled
"
______________________________
."
3. Thank you for the opportunity to have my analysis considered
in relation to that provided by other students, including my
classmates at Patrick Henry Community College in Martinsville,
Virginia. It was a privilege to receive the opportunity to
bring forth facts and principles which may influence your
decision.
Sincerely,
Name:
___________________________
Patrick Henry Community College
Martinsville, Virginia
Principles of Economics I (Macroeconomics)
BlackBoard email:
___________________
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Guidance for writing each issue paper
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