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Posted: February 21st, 2023
BCO124-Macroeconomics Presentation Task brief & rubrics
Task
Describe the economic consequences of sudden shifts in either aggregate demand or supply depending on which case(below)you
choose. Use the AD-AS diagram to support your explanations, displaying the shifts and the price and or output effects in as many steps
as you deem appropriate.
Choose one of the following causes:
1. Sudden Aggregated Demand Shock
2. Sudden Aggregated Supply Shock
3. Sudden Aggregated Demand ‘Increase’
4. Sudden Aggregated Supply ‘Increase’
Remember that You need to list the causes triggering any of the above. Choose one of them to explain step by step the effects on AD
and AS. Once the correct explanation has been given, list possible actions that the Government or Central Bank can choose to take
and taking one of these, apply the potential policy effect, explaining the shifts as we did in class.
Goals
In your presentation you should:
1. Suppose an economy is in long-run equilibrium.
2. Use the model of aggregate demand and aggregate supply to illustrate the initial equilibrium (call it point A). Be sure to include
both short-run and long-run aggregate supply.
3. Sudden shift depending on the cause you choose above. Use your diagram to show what happens to output and the price level
as the economy moves from the initial to the new short-run equilibrium (call it point B).
4. Now show the new long-run equilibrium (call it point C). What causes the economy to move from point B to point C?
5. Once you have chosen the best policy from your perspective, show the effects in the economy following the steps above.
Formalities:
• Your presentation is individual and should be uploaded in Moodle using Turnitin.
• Avoid any “copy-paste” practice to prevent possible problems of plagiarism.
• Presentation should be between 8 and 15 slides, excluding references.
Submission: April 10
th ,2021 – 15:00 CET – Via Moodle
(Turnitin). Weight: This task is a 15% of your total grade for this
subject.
It assesses the following learning outcomes:
• demonstrate a deep understanding of classical and Keyne’s economic theories and the long-run economic self-correction
mechanism as well as the application of some monetary and fiscal policies.
• apply macroeconomic terminology and assess macroeconomic policy suggestions.
• evaluate real life situations with a practical application of the acquired tools and knowledge.
Assessment Criteria:
Graphical description 10
Correct explanation of curve slopes 15
Relevant effects and consequences 25
Connection to relevant economic theory 25
Verbal explanations are complete, clear
and backed appropriately
10
Conclusions are clear, and logical 10
Harvard referencing system used 2.5
Presentation respects slide range
requested (8-15)
2.5
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