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August 31, 2021

Economic Summary Report

General Questions

Fiscal Policy: Taxation

Explain the intent of the taxation policy decisionsyou made of your seven-year term. What were the macroeconomic principles ormodels that influenced your decision-making?
Identify the impactof your changes on the income and corporate tax rates.
How were consumption andinvestment affected by your tax policy decisions? Explain these dynamics usingspecific macroeconomic principles from the course reading.
Compare and contrastthe impact of your tax policy decisions with those of current or historicalexamples in the United States.
What do these examples demonstrate about thevalidity of macroeconomic models? Be sure to cite your research appropriately.

Global Context

Analyze the impacts of openness to trade in general.
Why andhow are the impacts of monetary and fiscal policies different in a closedeconomy versus an open economy?
Support your claims with specific details fromyour course reading.

Conclusion

Insert your overallconclusions about the relevance and significance of macroeconomics.
Assess theeffectiveness of your economic policy decisions.
Did your economic policydecisions produce the anticipated results?
Did your macroeconomic principlesand models behave in ways that you expected? Provide specific examples toillustrate.
Evaluate how consumerconfidence might have impacted the outcomes of your policy decisions for theeconomy of Econland.
Why is consumer confidence a relevant factor for makinginformed macroeconomic decisions?

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