Negative Impact of The Coronavirus Pandemic Essay
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Negative Impact of The Coronavirus Pandemic Essay
Motivation
The economic models of competitive, monopolistic, and oligopolistic markets are powerful tools. But they are of little use if we cannot apply them in context. This assignment asks you to do just that—apply the economic models to a policy debate, preparing a brief for a decision maker.
But economic theory in the absence of contextualizing data lacks influence. How many people may be impacted by the proposed policy? Are the changes in policy large or small? Is there a pressing need addressed by the policy? How do we know? What are the opportunity costs (ie forgone policy possibilities)? This assignment will expose you to useful data sources for providing context to your arguments.
Learning Goals
This assignment is intended to help you learn:
to apply economic models to real-world debates
to present economic analysis in text and figures
to identify sources of basic data on the country, state, county, and city level
to judiciously choose data to make the strongest case possible
to present data in text, table, and chart
Task
This assignment asks you to take on the role of a policy adviser for a public official. Your boss (that’s the public official!) will soon have to cast a vote for or against a specific proposal.
They have asked you to prepare a 5-7-page policy brief which gives them background information that they will use to take a position on the policy. Knowing of your fantastic economics training, they have asked you to include an analysis (using the appropriate market model) of the causal effects of adopting the policy as predicted by economic theory.
Assignment Details
You can analyze any policy proposal you like so long as it is actually being debated at some level of government today
Your brief must include a data table of your own construction.
Your brief must include a data graph of your own construction. (Excel makes nice graphs, but you may use other software or draw freehand.)
Your brief must include a figure demonstrating theoretical predications (eg. graphs) based on an appropriately chosen economic model (perfect competition, monopoly, monopsony, oligopoly)
What You Will Turn In
1) Your policy brief
2) Copies of the data tables from which you drew the data with some indication of what data were used if the source includes multiple variables, years, etc.
Evaluation
You will be evaluated based on the following criteria:
Analysis of the policy using the appropriate economic model (Was the right model chosen? Was it effectively employed? Was it clearly explained? Was the graphical presentation effective?)
Quantity of data used to support your analysis (Have you missed opportunities to support your claims and/or argument with numerical evidence? Have you overused data so that the numbers detract from your brief?)
Quality of the data chosen (How well have you selected your data? Are these powerful pieces of information or are they less useful? Are the data well-connected to the policy under consideration?)
Quality of the data presentation in text, table, and chart (Is the table/chart clear? Does the table/chart reflect the lazy reader principle? Are sources and definitions appropriately defined and explained? Are limitations of the data appropriately considered?)
Attention to task and audience.
Tips and Hints
Where can you find data?
While data are published by thousands of sources, some sources are more reliable than others. Listed below are several highly suggested sources. You can find more reputable sources at the Resources for Economists web site rfe.org.
Basic Government Data
Statistical Abstract of the United States
Tables at the end of the Economic Report of the President
IRS web page (www.irs.gov (Links to an external site.)) linked under “tax statistics”
Detailed Government Data
Bureau of Labor Statistics website bls.gov (or other government departments)
County and City Data Book (http://www.census.gov/statab/www/ccdb.html (Links to an external site.))
International Sources
International Financial Statistics published by the IMF
The World Bank (see the research and data section of their web page worldbank.org)
United Nations’ Human Development Reports (http://hdr.undp.org/en/)
UNICEF (see the Info by Country link on their webpage at unicef.org)
Data Aggregator
FRED (https://fred.stlouisfed.org/ (Links to an external site.) )
What constitutes “data”?
By “data” I mean numerical evidence. The numbers themselves are what I am after—not a source’s opinions about a number, or a narrative describing a number, or any other non-numerical information. So, as I read your paper I should see numbers.
What data are “relevant”?
Having identified your topic, you are ready to seek out data that are relevant to that policy. Many of you will initially hope to find data which “prove” something about the policy. In the sources recommended, you will rarely find any such proof. (Causal arguments are typically found in secondarysources which present an analysis of primary data sources like those we will use.) Rather, you are to seek out numbers which simply inform the debate or provide context for the policy maker’s decision.
For instance, if I must vote on an increase in the minimum wage, what quantitative facts might help contextualize my thinking? What fraction of the US population lives in poverty? How does that compare with other countries? What is the high school drop out rate?
How many people currently work at or below the federal or state minimum wage? Are those young people or old? White or minority? Concentrated among those with low education or not? Are there factors which may put low earners in particular risk—like high costs of housing, health care, food, etc? How have these changed over time? Do the changes suggest more or less reason to be concerned about the minimum wage? Having answers to these questions will not tell me whether I should vote for or against an increase. But I suspect I would want to know the answers before I made up my mind just so that I would understand the context in which I was making the decision.
Remember your role
As you write, remember that you are not the decision maker—you are only an aide. It would probably be impertinent to argue that your boss “must” vote one way or the other. Thus, your brief should be positive rather than normative analysis. This isn’t to say it must be perfectly evenhanded. But stray far from the middle at your peril.
Finally, make certain you choose a policy appropriate for the task. Your policy should impact or have an effect on market structure. There is low hanging fruit like giving advice to the DOJ or FTC on a proposed merger or advising the chair of a public utilities commission. There are also more challenging policies such as tax change proposals or bailouts.
Negative Impact of The Coronavirus Pandemic Essay
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
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