8/20/2021 Project Instructions – ECO-20052-XF059 Macroeconomics and Decisions 21DA06
https://learn.snhu.edu/d2l/le/content/802947/viewContent/13716031/View 1/4
Competency
In this project, you will demonstrate your mastery of the following competency:
Make decisions informed by macroeconomic principles and the business cycle
Scenario
You work for Quangraon, Inc., a semiconductor manufacturing plant headquartered in the United States. Capitalizing on advancements in its product, Quangraon has aggressively expanded and acquired fabricaon plants and workers around the world. You have recently joined the
EWC, an employee-run Economic Watch Commiee.
Your department manager, Gregory, is pung together his staffing budget for the upcoming year, which will need to be approved by Quangraon’s human resources manager. Because you are a member of the commiee, he has asked you to help him consider a department- wide increase in salaries. He’s asked for your assistance in researching current economic factors and the current business cycle to see if this is a good me to do so. Although many other factors will go into his final decision, he’s asked you to decide if it makes sense from a macroeconomic perspecve.
Listen
8/20/2021 Project Instructions – ECO-20052-XF059 Macroeconomics and Decisions 21DA06
https://learn.snhu.edu/d2l/le/content/802947/viewContent/13716031/View 2/4
Direcons
Recommendaon to Gregory Gregory has asked you to make a recommendaon as to whether or not this is a good me to increase salaries department-wide. Although Gregory is familiar with macroeconomics, he wants you to arculate your analysis so that a nonexpert might understand. To do this, be sure to define key macroeconomics terms to show how they are used in your decision making.
1. Start by determining where the United States is in the business cycle based on the following naonal data for the past 12 months: Employment, including the unemployment rate and labor force parcipaon rate Gross domesc product (GDP) growth rate
8/20/2021 Project Instructions – ECO-20052-XF059 Macroeconomics and Decisions 21DA06
https://learn.snhu.edu/d2l/le/content/802947/viewContent/13716031/View 3/4
Inflaon (For the purposes of this assignment, you may choose which consumer price index [CPI] to use.) Federal funds rate
Remember to use data from official government sources such as the FRED and BLS (which you can find in the Supporng Materials secon). Make sure to include this data in your report in the form of graphs or tables. You may export these graphs directly from FRED.
2. Describe the impact of current trends in naonal inflaon on the cost of living. How might this naonal trend impact Quangraon’s employees? When describing this impact, reference the consumer price index (CPI) that you used above.
3. Describes the impact of the labor force parcipaon rate on a region. For purposes of this project, you may select any locaon in the United States to guide your regional invesgaon. You should address: Naonal and regional labor force parcipaon rates To find the labor force parcipaon rate for your region, see the Bureau of Labor link in the Supporng Materials secon. The naonal rates are available on the FRED website. Naonal and regional employment and unemployment rate
