Download AP Macroeconomics 2nd Semester Final Exam Project

AP Macroeconomics Final Project
Fill in the blank of the following sentence: The Economics of _________________________
Relate your topic to the use of 7 or more economic principles or concepts we have studied during the
semester and use 3 models to show how your topic fits into the macroeconomic system.
EXAMPLES…
1. The economics of living in a small, or in a large family,
2. The economics of eating 10 soft tacos,
3. The economics of working part time,
4. The economics of attending prom,
5. The economics of driving ________ car,
6. The economics of taking AP or IB exams
7. The economics of playing soccer
Choose a topic related to your life, that you know a lot about.
Topics are to be non-typical economic issues, but the principles used must be economic. That is, you cannot
choose to do the economics of interest rates or the economics of inflation.
YOUR TASK…
1. Choose your topic and get teacher approval. Decide how you want to present your topic.
You may use a poster, powerpoint, flip chart, traditional report or any other medium as part of your
presentation.
In your project, give a one paragraph (min. 7 sentences) description of your topic. Describe actions
or things that are part of your topic
2. Choose and include 7 concepts and principles that apply to your topic.
(a) define/describe each concept (min. 4 sentences)
EXAMPLES… opportunity cost, scarcity, supply/demand (counts as one concept!), resource cost,
unanticipated inflation, interest, disposable income, investment, taxes…
3. For each of the 7 concepts, explain how and/or why the concepts and principles apply to your topic.
Minimum 4 sentences for each concept/principle.
Making linkages between concepts or principles is a plus.
How do several concepts work together or counter each other?
4. Choose three graphs/models that help to illustrate how your topic fits into the macroeconomic
picture. ALL 3 graphs should be correctly drawn and labeled.
EXAMPLES… circular flow model, production possibilities curve, supply/demand, aggregate
supply/aggregate demand, business cycle, foreign exchange, loanable funds, money market, Philips Curve.
5. You turn in your project on Monday May 23rd, 2016
Grading Rubric
The Economics of
Name:
Novice
Competent
Expert
The topic is an economics
principle studied in class or
presentation is basic with
minimum information
<7 points
The topic meets
requirements; presentation
has interest and some
creative features
7-8 points
There are less than 7
principles and/or the
principles do not relate to
the topic chosen; few are
described or defined
<22 points
There are 7 principles but a
couple of principles do not
relate to the topic chosen;
one or two are missing
content knowledge,
demand/supply treated as
two, instead of one concept
22-25 points
A majority of the principles
are correctly applied to the
topic; there is some attempt
at making linkages among
concepts
22-25 points
The three graphs each
illustrate a different aspect
of the topic. A least one
graph is missing
explanations or analysis
22-25 points
The topic has high interest
& is described;
presentation is well
planned with many
interesting features
8.5-10 points
There are 7 separate,
principles, all of them
directly relate to the topic
chosen; description shows
understanding of all the
principles
26-30 points
________________________
Creativity & Description of
the chosen topic
10 points
Seven economic principles
and knowledge of the
principles
30 points
Application of the
principles
30 points
Graphing models and
analysis
30 points
Class presentation (bonus
points)
10 points
Few of the principles are
applied correctly to the
topic
<22 points
There are fewer than three
graphs or none of the
graphs have analysis or the
analysis is basic without
explanation
<22 points
Too little information is
presented; it appears the
student has little
knowledge and
understanding of the topic
<7 points
A general idea is given of
the topic and some
explanation and
understanding is evident
7-8 points
All of the principles are
correctly applied to the
topic; there is linkage
among concepts
26-30 points
The three graphs each
illustrate a different aspect
of the topic. Economic
analysis is correct and
include explanations (how
& why)
26-30 points
Information presented
shows detailed knowledge
of the topic and economic
principles
8.5-10 points