Question Details

ECON 220 Week 4 Assignment 4-1: Project Part 3. Fiscal Policy
Purpose
To assess your ability to:
•	recognize fiscal policy as an important tool of government intervention in a market economy.
•	comment on the role of government regulation on economic activity.
•	analyze how interest rates affect the market economy.
•	evaluate the effects of interest rates on the investment and output in an economy.

L3 Traits
 

Overview
In this part of the project you will explore the role of the government and inter-governmental organizations in developing, maintaining and growing a nation's economy. Recent global economic crisis renewed the debate on the role of the government in a market economy. Macroeconomics as a science was born out of the Great Depression in the 1930s. Prolonged periods of unemployment, below capacity production, deflation (decrease in prices) are inconsistent with the classical economic theory. Looking at a government role in regulating and coordinating an economic activity should be the main point of discussion for this part of your project.will explore your assigned country's efforts directed towards a sustainable economic growth. It is widely believed that technological development is crucial in achieving and maintaining economic prosperity. However, in the recent years, the environmental impact of economic activity has become an important issue both in theory and in practice. No late assignments.
This assignment will become the fourth part of your project. Your professor will grade, comment, and return your paper to you. You should review and revise your paper to prepare it as a part of your final report.

Action Items
1.	Prepare a two to three page report titled "Fiscal Policy and Its Implications in [Your Assigned Country]." The report should be based on the publicly available information that you obtained. You may want to use materials published by the European Commission.
2.	Compose your report in Microsoft Word following APA guidelines. Please include your name, the assignment name and number, the course and section number, and the date on your title page. The report should contain all sources you utilized in its preparation, properly cited according to the APA guidelines.
3.	You need to include the following sections in your report:
a.	An overview of the fiscal policy tools
b.	Fiscal policy tools' applications
c.	Government statistics on the budget balance and EU requirements for member countries
d.	EU budget and sources of financing and outlets for the funds' use.
e.	Present and discuss the major differences between the U.S. fiscal policy and that of the E.U. member.
f.	Conclusion - fiscal policy as economic stabilization mechanism.
4.	For next week's part of the project, you will work on the issues related to the monetary policy.
5.	Confirm with your professor for the schedule of online class meeting in Week 6, when you will present your final project.
Submission Instructions
•	Submit your paper to Turnitin.com at least 48 hours before the due date. Respond to any feedback you received from this system.
•	Click the Submit button to upload your completed assignment before class starts.
•	Bring a copy of your paper to class.
Grading Criteria
•	Content: All of the required elements are included in the assignment; main ideas are addressed; content is correct, accurate, and of high quality: 0 - 20 points.
•	Analysis Analysis of the information is evident: 0 - 20 points.
•	Effective communication: Communication is clear, concise, and well presented; critical thought is evident; recommendations and conclusions refer to and rely on the analysis of the data: 0 - 20 points.
•	APA Format: Follow APA guidelines when you cite your sources. Up to five points will be deducted for NOT using the correct APA format.