Module 5 – Case/ECONOMIC GROWTH

| January 3, 2016

Module 5 – Case/ECONOMIC GROWTH
Case Assignment
Submit a 4- to 5-page paper that addresses the following questions. Be sure to use references within the paper to support your answers. Show work for all calculations.
1. (a.) Suppose real GDP was $13.1 trillion in 2013 and $13.3 in 2014, what is the growth rate? (b.) How many years would it take for GDP (gross domestic product) to double (using your answer from part (a)?
2. What are the sources of human capital? Discuss some specific examples.
3. What is the law of diminishing returns? Give an example of what the law of diminishing returns implies.
4. What happens when the government raises taxes and uses revenue to engage in spending?
Assignment Expectations
Use concepts from the modular background readings as well as any good-quality resources you can find. Be sure to cite all sources within the text and provide a reference list at the end of the paper.
Length: 4–5 pages double-spaced and typed.
The following items will be assessed in particular:
• Your ability to understand what factors affect economic growth.
• Some in-text references to the modular background material (APA recommended).
• The essay should address each element of the assignment. Remember to support your answers with solid references including the case readings.
When your paper is completed, upload it to the Case 5 dropbox

Module 5 – Background
ECONOMIC GROWTH
How exactly do economies grow? That is the main focus of this module. We will examine the dynamics of economic growth and learn about the roles technological progress, capital, human capital, and others play in the growth of an economy.
Required Reading
Economic Growth http://www.pearsoncustom.com/mct-comprehensive/asset.php?isbn=1269879944&id=11648
Podcast
Economic Growth http://www.pearsoncustom.com/mct-comprehensive/asset.php?isbn=1269879944&id=12298
Interactive Tutorial
In the introduction, provide a brief, clear overview of:
1.Each problem or issue that you will discuss
2.The solution to the problem(s) or your response to the issue(s)
3.How you will prove or demonstrate that your solution or response is correct
Tip: Try writing the body of your paper first. Then come back and write the introduction once you know what your paper is about.
6
?
The body of the paper is where you discuss the solution to the problem(s) or your response to the issue(s) raised in the assignment.
?After you have read the materials related to the assignment, begin by creating a quick outline:
?What are the main points of your argument? Jot them down.
?Depending on the length of the paper, 3–6 main points should be plenty.
?If a point is complex, it may have 2 or 3 sub-points. Jot those down as well.
?Now arrange those points in a logical sequence.
?Which point needs to be made first because it provides a basis for the points that follow?
?For example, “Point A leads to point B, which leads to point C, and when A, B, and C are considered together they mean that the solution is point D.”
7
Example of the structure of a Case Assignment that requires 4 pages of text (not including the cover page, and not including a reference page for assignments that require one):
8
Main Sections
Points
Sub-points
Page #
# of Paragraphs
Cover Page
Introduction
1
1
Body of Paper
Point A
1
1

Point B
2
1

Sub-point 1
2
1

Sub-point 2
3
1

Point C
3
1

Point D
4
2
Conclusion
4
1
Reference Page
In the body of your paper:
?
Use headings and subheadings to help your reader follow the points and sub-points in your discussion and to better organize sections and subsections.
?
Give each point and sub-point a short name that tells your reader what that section is about. Use those names for your headings.
?
Here is a quick “how-to” guide to headings with links to examples and instructions: http://blog.apastyle.org/apastyle/2011/04/how-to-use-five-levels-of-heading-in-an-apa-style-paper.html
?
Now you are ready to begin writing the body of your paper.
?
Discuss one point at a time and explain each point clearly.
?
Discuss one point or sub-point in each paragraph.
?
As you advance to writing more complex papers (e.g., upper-division undergraduate or master’s-level assignments), it may take 2 or 3 paragraphs to fully develop and support a point.
9
In the body of your paper:
?Each paragraph should be made up of approximately 3–5 sentences. (Note: A single sentence is not a paragraph. Break long sentences into 2 or 3 shorter ones.)
?Each paragraph should include:
?The point or focus of that paragraph in the first sentence
?Additional sentences in which you explain, elaborate, and support your point (see section on Supporting Your Points that begins on the next slide)
?A conclusion/transition to the next point and paragraph
?Each point should be supported by citing and referencing the sources that provide the foundation for your solutions and/or responses. How to do this will be discussed on the next slide.
10
?
Add an appendix after the reference page when you have supplemental material (e.g., a chart, table, diagram, or picture) that you refer to in your paper.
?Appendices are optional and depend upon the nature of the assignment.
?Appendices (if any) should be placed at the end of the paper and identified with capital letters (e.g., Appendix A).
?The title of the appendix should be placed immediately below the appendix label.
?The appendix label and title should be centered at the top of the page, as in the example below:
Appendix A
Workflow Diagram
20
When professors ask you to “follow APA style” or “use APA format,” they are referring to the Publication Manual of the American Psychological Association, Sixth Edition.
?APA is one of several styles that is used for writing academic papers (MLA is another) and includes extensive details about how to format citations and references.
?APA format is required for TUI doctoral students and recommended for Trident University master’s and undergraduate students.
?APA helps to provide a common, standard format for academic scholars to follow.
?For additional information and guidance on APA style, here are two excellent resources:
?The APA Style website at http://www.apastyle.org (see the links and tutorials at the bottom of the Web page)
?The Purdue Online Writing Lab (http://owl.english.purdue.edu/owl/resource/560/01/) contains extensive, detailed guidance not only on APA format, but also on general writing, job search writing, and research writing (see the tabs at the top of the Web page).
21
Case Assignment
Submit a 4- to 5-page paper that addresses the following questions. Be sure to use references within the paper to support your answers. Show work for all calculations.
1. (a.) Suppose real GDP was $13.1 trillion in 2013 and $13.3 in 2014, what is the growth rate? (b.) How many years would it take for GDP (gross domestic product) to double (using your answer from part (a)?
2. What are the sources of human capital? Discuss some specific examples.
3. What is the law of diminishing returns? Give an example of what the law of diminishing returns implies.
4. What happens when the government raises taxes and uses revenue to engage in spending?
Assignment Expectations
Use concepts from the modular background readings as well as any good-quality resources you can find. Be sure to cite all sources within the text and provide a reference list at the end of the paper.
Length: 4–5 pages double-spaced and typed.
The following items will be assessed in particular:
• Your ability to understand what factors affect economic growth.
• Some in-text references to the modular background material (APA recommended).
• The essay should address each element of the assignment. Remember to support your answers with solid references including the case readings.
When your paper is completed, upload it to the Case 5 dropbox

Module 5 – Background
ECONOMIC GROWTH
How exactly do economies grow? That is the main focus of this module. We will examine the dynamics of economic growth and learn about the roles technological progress, capital, human capital, and others play in the growth of an economy.
Required Reading
Economic Growth http://www.pearsoncustom.com/mct-comprehensive/asset.php?isbn=1269879944&id=11648
Podcast
Economic Growth http://www.pearsoncustom.com/mct-comprehensive/asset.php?isbn=1269879944&id=12298
Interactive Tutorial
In the introduction, provide a brief, clear overview of:
1.Each problem or issue that you will discuss
2.The solution to the problem(s) or your response to the issue(s)
3.How you will prove or demonstrate that your solution or response is correct
Tip: Try writing the body of your paper first. Then come back and write the introduction once you know what your paper is about.
6
?
The body of the paper is where you discuss the solution to the problem(s) or your response to the issue(s) raised in the assignment.
?After you have read the materials related to the assignment, begin by creating a quick outline:
?What are the main points of your argument? Jot them down.
?Depending on the length of the paper, 3–6 main points should be plenty.
?If a point is complex, it may have 2 or 3 sub-points. Jot those down as well.
?Now arrange those points in a logical sequence.
?Which point needs to be made first because it provides a basis for the points that follow?
?For example, “Point A leads to point B, which leads to point C, and when A, B, and C are considered together they mean that the solution is point D.”
7
Example of the structure of a Case Assignment that requires 4 pages of text (not including the cover page, and not including a reference page for assignments that require one):
8
Main Sections
Points
Sub-points
Page #
# of Paragraphs
Cover Page
Introduction
1
1
Body of Paper
Point A
1
1

Point B
2
1

Sub-point 1
2
1

Sub-point 2
3
1

Point C
3
1

Point D
4
2
Conclusion
4
1
Reference Page
In the body of your paper:
?
Use headings and subheadings to help your reader follow the points and sub-points in your discussion and to better organize sections and subsections.
?
Give each point and sub-point a short name that tells your reader what that section is about. Use those names for your headings.
?
Here is a quick “how-to” guide to headings with links to examples and instructions: http://blog.apastyle.org/apastyle/2011/04/how-to-use-five-levels-of-heading-in-an-apa-style-paper.html
?
Now you are ready to begin writing the body of your paper.
?
Discuss one point at a time and explain each point clearly.
?
Discuss one point or sub-point in each paragraph.
?
As you advance to writing more complex papers (e.g., upper-division undergraduate or master’s-level assignments), it may take 2 or 3 paragraphs to fully develop and support a point.
9
In the body of your paper:
?Each paragraph should be made up of approximately 3–5 sentences. (Note: A single sentence is not a paragraph. Break long sentences into 2 or 3 shorter ones.)
?Each paragraph should include:
?The point or focus of that paragraph in the first sentence
?Additional sentences in which you explain, elaborate, and support your point (see section on Supporting Your Points that begins on the next slide)
?A conclusion/transition to the next point and paragraph
?Each point should be supported by citing and referencing the sources that provide the foundation for your solutions and/or responses. How to do this will be discussed on the next slide.
10
?
Add an appendix after the reference page when you have supplemental material (e.g., a chart, table, diagram, or picture) that you refer to in your paper.
?Appendices are optional and depend upon the nature of the assignment.
?Appendices (if any) should be placed at the end of the paper and identified with capital letters (e.g., Appendix A).
?The title of the appendix should be placed immediately below the appendix label.
?The appendix label and title should be centered at the top of the page, as in the example below:
Appendix A
Workflow Diagram
20
When professors ask you to “follow APA style” or “use APA format,” they are referring to the Publication Manual of the American Psychological Association, Sixth Edition.
?APA is one of several styles that is used for writing academic papers (MLA is another) and includes extensive details about how to format citations and references.
?APA format is required for TUI doctoral students and recommended for Trident University master’s and undergraduate students.
?APA helps to provide a common, standard format for academic scholars to follow.
?For additional information and guidance on APA style, here are two excellent resources:
?The APA Style website at http://www.apastyle.org (see the links and tutorials at the bottom of the Web page)
?The Purdue Online Writing Lab (http://owl.english.purdue.edu/owl/resource/560/01/) contains extensive, detailed guidance not only on APA format, but also on general writing, job search writing, and research writing (see the tabs at the top of the Web page).
21

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