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It is important to be able to convey your understanding of macroeconomic concepts by communicating them to others. In the workplace you might do this by writing papers


It is important to be able to convey your understanding of macroeconomic concepts by communicating them to others. In the workplace you might do this by writing papers

It is important to be able to convey your understanding of macroeconomic concepts by communicating them to others. In the workplace you might do this by writing papers or reports (as you did for the Week 5 assignment) or creating presentations for your team, manager, or clients. For this assignment, you will develop a final report.

For this final report assignment, you can use the same industry you selected for the Week 3 assignment, or you can select another industry.

  • Prepare a 2–3 page final report in which you examine one of the macroeconomic variables below: 
    • Real Gross Domestic Product (GDP).
    • The unemployment rate.
    • The inflation rate.

Instructions

Choose an industry that interests you. (Remember, an industry is not a company. An industry is a group of companies doing the same thing. Ford is a company. Automobile manufacturing is an industry.)

  1. Do research on your industry. In a few short paragraphs, describe your selected industry. 
    • Be sure to write in your own words.
    • Identify the goods and/or services the industry provides.
    • Identify some of the major companies in this industry.
    • Add anything else about the industry that you think is interesting.
    • Keep track of your sources by copying their Internet addresses (URLs). You can paste these URLs at the end of your paper as your references.
  2. Select one of three macroeconomic variables (real GDP, the unemployment rate, or the inflation rate) that a businessperson in your chosen industry should monitor, and explain why that variable is important and how it might have an impact on your selected industry.
  3. Describe in a sentence or two the important movements of the variable in the table and graph. 
    • Excel tables and graphs are attached for each of the three macroeconomic variables (real GDP, the unemployment rate, and the inflation rate).
    • Review the Excel table and graph for the macroeconomic variable that you chose.
  4. Summarize how you think this industry will perform in the future. 
    • Be sure to provide support for your prediction of this future industry performance.
  5. Your report should include a minimum of two references/citations in the text.

Final Report

Title

By Your Name

ECO100

Professor’s Name

Date

Industry Goods and Services

(In this section you should select an industry and do research on that industry using Google and any other sources you like. [Remember, Wikipedia is not a valid source for academic work.] See the Assignment for specific instructions. Describe the industry and the goods and/or services this industry produces. Remember that an industry is a group of companies doing the same thing. For example, Ford is a company. Automobile manufacturing is an industry. Also identify some of the major companies in the industry and anything else about the industry that you think is interesting. Please delete these instructions before submitting your paper.)

Describe a Macroeconomic Variable that Business Executives in Your Industry Should Monitor

(In this section you should choose one of three macroeconomic variables (real GDP, the unemployment rate, or the inflation rate) that a business person in your chosen industry should monitor, and explain why that variable is important and how it might have an impact on your selected industry. Please delete these instructions before submitting your paper.)

Review the Provided Excel Table and Graph for Your Chosen Macroeconomic Variable.

(Describe in a sentence or two the important movements of the macroeconomic variable you chose in the table and graph. Please delete these instructions before submitting your paper.)

Summarize How You Think This Industry Will Perform in the Future

(Summarize how you think this industry will perform in the future. Be sure to provide support for your prediction of this future industry performance. Please delete these instructions before submitting your paper.)

Sources

1. List in order of use. You need at least two.

2. List a second source here.

3. Repeat for additional sources.

2

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