Economic Forecast: This is your short-term prediction of the United States economy with a macroeconomic perspective based upon outside readings and research of the current and future economy of the United States. The paper must be a minimum of eight typed pages (double spaced) in length exclusive of Title page, Reference Page, charts, and tables. The paper must have a minimum of eight sources identified in a bibliography. The paper must be written using Microsoft Word (Times New Roman font, 12 point pitch, double spaced), which is available on campus in the computer labs. All charts and tables are to follow the written paper as appendices. Further, the Economic Forecast is a research paper, with your prediction about the future of the United Sates economy. There is a lot of great information out there right now about the national debt, policy, actions of the United States President, and reactions by our citizens. Your forecast will include all the topics found on the last page of this syllabus.
Economic Forecast Outline Topics:
Here are the items you will include in your economic forecast. Charts and Graphs are to be included as appendices to the body of your paper. Your paper should have a cover page identifying the course name and number and section you are in and your name.
A. Gross Domestic Product
B. Consumer Spending
C. Labor Productivity
D. Wage Growth
E. Personal Debt
1. Student Loans
2. Car Loans
F. Stock Market
2. Russell 2000
G. National Debt
H. Housing Market
I. Foreign Trade
1. Demand for Imports
2. Supply of Exports
J. Trade Agreements (Minimum Two)
II. Resources – Here are some interesting links that may be helpful. Certainly not limited here.
A. Bureau of Economic Analysis http://www.bea.gov
B. Bureau of Labor Statistics http://stats.bls.gov/
III. Testimony by Federal Reserve Chairman to Congress
This is an 8+ page report based upon the outline provided of where the economy is headed and the prospects for the National Economy. Based upon your reading and research what is the state of the Economy, is it declining or improving, and what does the next 6 – 12 months look like for the overall economy based upon your research.
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