Trade - Supply - Money

International Trade, Supply and Demand, Money and Economic Growth

1. Explain the mechanics and institutions of international trade and their impact on macro economy

2. Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output

3. Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank

4. Define economic growth and identify sources of economic growth

Critical Thinking Skills (CT) – to include creative thinking, innovation, inquiry, and the analysis, evaluation, and synthesis of information. 10%
Communication Skills (COM) – to include effective written, oral and visual communication. 10%
Empirical and Quantitate Skills EQE) – to include manipulation and analysis of numerical data and observable facts resulting in an informed conclusion. 10%
Social Responsibility (SR) to include the ability to connect choices, actions, and consequences to ethical decision making. 10%

This is a semester assignment that requires individual input, team participation, individual follow-up submission, and group presentation. Depending on the number of students we have in class, we will have at least four groups in each session working together until the final project is realized. As I have already discussed with you, each group will be assigned a research project for presentation

Part One: Signature Assignment Project Proposal and (20 points)

Students are required to submit a one-page paper answering the following the questions:
What is the topic of your paper?
An introduction paragraph – what is that you want to write in this project?
Each student must submit at least five economic resources including economic texts, Journal, of economics, magazines and statistical documents, newspapers, and internet materials. (These sources will be used to produce your signature assignment project)
If students’ complete part one successfully, they will move to part two. It requires the approval of the instructor.

Part Two: Signature Assignment Project Paper (The research paper) – (80 points)

The general Topic for signature paper is the economic effects of trade relationship between the U.S. and Mexico – (emphasis is given to import- export activities between the two countries).

While writing your signature assignment paper or project you should consider the following:

A typical project paper or group project for this course might survey around 5-7 articles (depending on the nature of the literature).
You should mention all of them when their subject matter arises, but you might focus on approximately 5 articles. I prefer one or two of the articles to be “peer reviewed” article.
Your paper must draw from and cite a minimum 1 primary and 1 secondary source. *
Articles mentioned in your paper should be “References or “Biography”, given the complete citations.
Your paper must be typed, double-spaced, Times New Roman 12 –point font, and a minimum of 1000 words in length*
Pages must be numbered.
Footnotes should contain complete sentences which expresses thoughts that are too tangential to put into the text of the paper.
Your paper should have three or more numbered sections, each with a title like – Introduction, Conclusion, etc. The tiles of the section other than introduction and conclusion will depend on the content of your paper.
Your paper should have an introduction telling the reader the sequence of things you will present, and a conclusion, summarizing what you have done.
Your paper must have a title page where you state your name or team members, the title of the paper, course number for your paper, the semester, and, and the year the paper has been written.
For each paper on which you focus in depth, state clearly: (a) what questions does it ask? (b) How does it try to answer them? (c) What conclusions does it come to?
Your paper will count towards 20% of your final grade.
Papers will be graded according to the essay rubric posted online
Use appropriate in-text citations and a complete bibliography, formatted according to the most recent edition of academic citation style (MLA)
The assignment will be due (TBA)
Soon after the paper has been submitted, the group presentation portion will start. Group presentation must be complete week before the final exam. Presentation grade will be 100 points. (See rubric signature assignment 2) for details.

The specific functions regarding assignment due dates may vary according to individual instructors. Items marked with an asterisk (*) are set assignment parameters that cannot be changed by individual instructors

Guidelines for Submission: This assignment should use double spacing, 12-point Times New Roman font, and one-inch margins

Critical Elements

Exemplary

Proficient

Needs Improvement

Not Evident

Value

SLO 7

(20%)

Explain the mechanics and institutions of international trade and their impact on macro economy

· Make an insightful arguments how these international institutions impact the functioning of the world trade and economy in general.

· Provide information/evidence from a wide a range of sources, including course materials and other sources in support of argument.

· Make a reasonable good arguments on the impact that international institutions have on trade, though the importance/relevance of some evidence was totally clear.

· Provided information evidence from several sources, but author relied heavily on a more limited number of sources.

· Make an argument but did not provide sufficient explanation on the impact international institutions have on trade and economy. It was incomplete, incorrect or oversimplified.

· Provided information evidence from one source/and did not provide analysis of materials.

· Did not make any convincing argument due to insufficient explanation on the impact international institutions have on trade and economy (i.e. has numerous factual errors and omissions)

· Provided little or no information/evidence of the course material or other sources.

Not evident or no submission

SLO 2

(20%)

Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output

· Make an insightful arguments how to identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.

· Provide information/evidence from a wide a range of sources, including course materials and other sources in support of argument.

· Make a reasonable good arguments how to identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.

· Provide information/evidence from a wide a range of sources, including course materials and other sources in support of argument.

· Make an argument but did not provide sufficient explanation on how to identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.

· Provide information/evidence from a wide a range of sources, including course materials and other sources in support of argument.

· Did not make any convincing argument due to insufficient explanation on the how to identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output.

· Provide information/evidence from a wide a range of sources, including course materials and other sources in support of argument.

Not evident or no submission

SLO 5

(10%)

Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank

· Make an insightful arguments how to define money and the money supply; describe the process of money creation by the banking system and the role of the central bank

· Provide information/evidence from a wide a range of sources, including course materials and other sources in support of argument.

· Make a reasonable good arguments how define money and the money supply; describe the process of money creation by the banking system and the role of the central bank Provide information/evidence from a wide a range of sources, including course materials and other sources in support of argument.

· Make an argument but did not provide sufficient explanation on how to define money and the money supply; describe the process of money creation by the banking system and the role of the central bank

· Provide information/evidence from a wide a range of sources, including course materials and other sources in support of argument.

· Did not make any convincing argument due to insufficient explanation on the how to define money and the money supply; describe the process of money creation by the banking system and the role of the central bank

· Provide information/evidence from a wide a range of sources, including course materials and other sources in support of argument.

Not evident or no submission

SLO 8

(10%)

Define economic growth and identify sources of economic growth

· Make an insightful arguments how to define economic growth and identify sources of economic growth.

· Provide information/evidence from a wide a range of sources, including course materials and other sources in support of argument.

· Make a reasonable good arguments how to define economic growth and identify sources of economic growth.

· Provide information/evidence from a wide a range of sources, including course materials and other sources in support of argument.

· Make an argument but did not provide sufficient explanation on how to define economic growth and identify sources of economic growth.

· Provide information/evidence from a wide a range of sources, including course materials and other sources in support of argument.

· Did not make any convincing argument due to insufficient explanation on the how to define economic growth and identify sources of economic growth.

· Provide information/evidence from a wide a range of sources, including course materials and other sources in support of argument.

Not evident or no submission

Critical Thinking

(10%)

Creative thinking, innovation, inquiry, and analysis, evaluation and synthesis of information

Essay demonstrated:

· a logical and informed evaluation of evidence and perspectives;

· and/or an ability to connect ideas and synthesize conclusions while engaging in reflective and independent thinking.

Essay demonstrated:

· a reasonable evaluation of evidence and perspectives;

· and/or an ability to engage in reflective and independent thinking.

Essay demonstrated:

· a limited, but emerging evaluation of evidence and perspectives;

· and/or the emergence of reflective and independent thinking.

Essay demonstrated:

· little or no evaluation of evidence or perspectives;

· and/or reflective and independent thinking was not apparent.

Not Evident or No Submission

Social Responsibility

(10%)

Intercultural competence, knowledge of civic responsibility, and the ability to engage effectively in regional, national, and global communities

Essay demonstrated:

· intercultural competence and knowledge of civic responsibility through an understanding of the citizen's proactive role in society;

· understands how international trade impacts our economy

Essay demonstrated:

· some understanding of intercultural competence and knowledge of civic responsibility by demonstrating some understanding of the citizen's proactive role in society;

· reasonable understandings on how international trade impacts our economy.

Essay demonstrated:

· an elementary understanding of intercultural competence and knowledge of civic responsibility by demonstrating little or no understanding of the citizen's proactive role in society;

· poorly understandings on how international trade effects our economy

Essay demonstrated:

· little or no understanding of intercultural competence and knowledge of civic responsibility of the citizen's proactive role in society;

· show no understanding on how international trade impacts our economy

Not Evident or No Submission

Empirical and Quantitate Skills

(10%)

To include manipulation and analysis of numerical data and observable facts resulting in an informed conclusions.

Essay:

· revealed an understanding of the importance and impact of manipulation and analysis of numerical data and observable facts resulting in an informed conclusions.

Essay:

· revealed some understanding of the importance and impact of manipulation and analysis of numerical data and observable facts resulting in an informed conclusions.

Essay:

· demonstrated a limited understanding of the importance and impact of manipulation and analysis of numerical data and observable facts resulting in an informed conclusions.

Essay:

· demonstrated no understanding of the importance and impact of manipulation and analysis of numerical data and observable facts resulting in an informed conclusions.

Not Evident or No Submission

Written Communication

(10%)

Parts I-V

Effective development, interpretation and expression of ideas through written communication

Essay:

· used written language that skillfully communicated ideas to readers with clarity and fluency and was virtually error free;

· had a clear, concise thesis statement, a minimum of 5 to 6 body paragraphs that include evidential support, and a concluding paragraph;

Essay:

· used straightforward written language that generally conveyed intended meaning to readers;

· had some errors that did not substantially detract from the overall argument;

· had a clear thesis statement, a minimum of 5 body paragraphs and a concluding paragraph, but the thesis was not completely supported;

Essay:

· used written language that was somewhat inconsistent or unclear at points;

· had numerous errors that detracted from the overall argument;

· lacked a clear thesis or was insufficiently supported;

· did not have 5 body paragraphs and/or a concluding paragraph;

Essay:

· used written language that greatly obstructed the clarity and meaning of the essay;

· contained glaring sentence-level errors throughout the paper;

· lacked a thesis and/or proper paragraph structure and organization;

· lacked paragraph structure.

Not Evident or No Submission

Earned Total

Comments: The gray area indicates assignments conducted throughout the semester in class as a group and require an individual analysis in class and no submission required.

200

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