The Week 4
assignment is a group project. Each group member (of the classical
school and the Keynesian school) will submit the same group assignment (groups
are mainted from the Week 3 Classical Economics Versus Kenyesian Economics
discussion). From 2007 to 2010, the Federal Reserve used many practices
unfamiliar to the U.S. central bank. Respond to the following components as an
economist representing either the classical or Keynesian school:
Evaluate critically, as a classical or
Keynesian economist, what caused the 2007 to 2009 financial crisis.
Examine the causes that aggravated the
financial crisis during the period?
Evaluate the actions that the Federal
Reserve and the government took during this period. Do you support their
actions in both monetary policy and fiscal policy? Why or why not?
Recommend an alternative policy or
method that could have better resolved the financial crisis if you were a
decision maker (of monetary policy or fiscal policy) during the period.
Give advice, as a prominent classical
or Keynesian economist, to the Federal Reserve and/or federal policy makers to
prevent future economic or financial crises.
The Classical and Keynesian Debate
Must be five double-spaced pages in
length (not including title and references pages) and formatted according to
APA style as outlined in the Ashford Writing Center APA Style resource (Links to an external site.).
Must include a separate title page with
Title of paper
Course name and
For further assistance with the
formatting and the title page, refer to APA Formatting for
Word 2013 (Links to an external site.).
Must utilize academic voice. See the Academic Voice (Links to an external site.)
resource for additional guidance.
Must include an introduction and
conclusion paragraph. Your introduction paragraph needs to end with a clear
thesis statement that indicates the purpose of your paper.
For assistance on
writing Introductions & Conclusions (Links to an external
site.) as well as Writing a Thesis
Statement (Links to an external site.), refer
to the Ashford Writing Center resources.
Must use at least five scholarly,
peer-reviewed, and/or other credible sources in addition to the course text.
The Scholarly, Peer-Reviewed, and Other Credible Sources (Links to an external site.) table
offers additional guidance on appropriate source types. If you have questions
about whether a specific source is appropriate for this assignment, please
contact your instructor. Your instructor has the final say about the
appropriateness of a specific source for a particular assignment.
Must document any information used from
sources in APA style as outlined in the Ashford Writing Center’s Citing Within Your
Paper guide. (Links to an external site.)
Must include a separate references page
that is formatted according to APA style as outlined in the Ashford Writing
Center. See the Formatting Your References List (Links to an external
site.) resource in the Ashford Writing Center for
Carefully review the Grading Rubric (Links to an external site.) for
the criteria that will be used to evaluate your assignment.
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