1
EC 202
Instruction/Case Study for Short Writing Assignment
Instruction
1. The short writing assignment is worth 100 points (counted for 10% of the total course grade).
2. The due date is on MONDAY, 11/28/2016 in class. Importantly, late submission will NOT be accepted and will NOT earn any credit.
3. You are required to read and analyze the case study on the Greek Depression in 2010 (in page 2 of this document), and provide thoughtful and well-written responses/arguments to the questions at the end of the reading.
4. In order to receive full credit, your responses/arguments to the questions MUST represent your understanding from the course materials, supporting information relevant to the questions, key principles and professional examples demonstrating application of the principles, and innovation and creativity in your thoughts based upon theories.
5. Your writing assignment MUST: (i) be typed, double-spaced, using Times New Roman font (size 12); (ii) range from 3-5 pages excluding tittle page and references; (iii) contain relevant references and citations (APA is highly recommended).
6. Below are the grading criteria:
Responses to the questions
Due on MONDAY, 11/28/2016 in class
Expected Level of
Performance Point Value:
(80 -100 points)
A minimum length of 3-5 pages
Discussion is substantive and relates to key principles.
Uses personal/professional examples demonstrating application of principles.
Is submitted according to the deadline.
Language is clear, concise and easy to understand. Uses terminology appropriately and is logically organized
Marginal Level of
Performance Point Value:
(60 – 80 points)
A length of 3-5 pages.
Makes reference to key principles, but is not well developed or integrated in the response.
Refers to personal/professional examples, but is not well integrated in the response.
Submitted according to the deadline.
Is adequately written, but may use some terms incorrectly; may need to be read two or more times to be understood.
Fail Point Value:
(0 – 60 points)
Missed Deadline.
Less than 3 pages
Did not follow the format indicated in the instruction
Contains no reference to key principles; if key principles are present, there is no evidence the learner understood principles, or key principles are not integrated into the response.
There is no reference to personal/professional examples.
Poorly written; terms are used incorrectly; cannot comprehend learner’s ideas after repeated readings.
2
Case Study: Greek Depression in 2010
In 2010, the Greek government had to inform the European Commission on how it would control its budget deficit and improve the performance of its economy. The government’s debt is so high that agencies assessing the creditworthiness of the government downgraded it (which would mean more interest has to be paid to raise finance). Proposals were likely to include a 10% cut in government spending.
Note: Please also read: Nelson et al. (2010). Greece’s Debt Crisis: Overview, Policy Responses, and Implications, which is available in Moodle. The paper will give you some background information about the Greek-debt-crisis during the years 2009-2010.
Question:
1. Outline two possible economic objectives of the Greek government.
2. Explain why the government’s budget deficit might be in a large deficit.
3. What would the effect on aggregate demand and Gross Domestic Product (GDP) be if the government cut public spending by 10%?
4. What actions can the government take to increase national income growth in Greece?
5. If the Greek economy is in recession what would you expect to be the effect on:
a) Inflation? Explain your answers
b) Unemployment? Explain your answers.
Introducing our Online Essay Writing Services Agency, where you can confidently place orders for a wide range of academic assignments. Our reputable homework writing company specializes in crafting essays, term papers, research papers, capstone projects, movie reviews, presentations, annotated bibliographies, reaction papers, research proposals, discussions, and various other assignments. Rest assured, our content is guaranteed to be 100% original, as every piece is meticulously written from scratch. Say goodbye to concerns about plagiarism and trust us to deliver authentic and high-quality work.
WRITE THIS ESSAY FOR ME
Tell us about your assignment and we will find the best writer for your paper.
Get Help Now!WRITE MY ESSAY NOW
