Creating Your Own Economic System

Creating Your Own Economic System

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Creating Your Own Economic System

Topic: Writer’s choice

Paper details: In your Final Project, you will be creating your own economic system. Imagine that you have the chance to form your own nation and build the economic system from the ground up. What kind of economic system would you create? How would your economic system function? What role does money play in your system? How would you measure the value or output of your economic system? What components comprise of your economic system? 1. The paper must clearly state, define, and explain whether your economic system is a laissez-faire, market, or command system. 2. The paper must answer the three fundamental questions of an economic system. o What should be produced? o How should goods and services be produced? o For whom should goods and services be produced? 3. The paper must answer the following questions related to the role of government in your nation’s economy? a. Can your nation’s government reduce the severity of the business cycle? If so, how? b. How do you fund your government? If taxes are used, what kind of taxes are they? 4. The paper must demonstrate how your nation’s economy will be measured and the components that consist of your measurement. For example, do you measure your economy by output or standard of living, or both? 5. What theory or theories will guide you in building your economy? a. Example: A command economy would rely on Marx. A laissez-faire economy could rely upon classical, monetarism, supply-side, or real business cycle. A market economy could rely upon Keynes and any other theory or theorist mentioned here or throughout the semester. 3. The paper must include references and in-text citations consisting of 3 outside sources. Assume that your new nation must rely upon the exports of other nations to meet the needs of your citizens. Thus, your system is an open system like most economies today.

RUBRIC
Excellent Quality 95-100%	Introduction 45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.		Literature Support 91-84  points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.			Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score 50-85%	40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.		83-76  points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.			52-49  points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality 0-45%	37-1 points The background and/or significance are missing. No search history information is provided.		75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.			48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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