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Economic Statistics
When trying to understand the health and trajectory of an economy, why do you think macroeconomics focus on just a few key statistics? Would it be better to try to examine all possible data? Explain.
Support your post with the theories presented in the unit readings and resources, using proper APA formatted citations and references.
Resources
Discussion Participation Scoring Guide
Link: https://m.youtube.com/watch?v=qC-U76O76X0
Due Date: Weekly.
Percentage of Course Grade: 30%.
Discussion Participation Grading Rubric
Criteria Non-performance Basic Proficient Distinguished
Applies relevant course
concepts, theories, or
materials correctly.
Does not explain relevant
course concepts, theories, or
materials.
Explains relevant course
concepts, theories, or materials.
Applies relevant course
concepts, theories, or
materials correctly.
Analyzes course concepts, theories,
or materials correctly, using
examples or supporting evidence.
Collaborates with fellow
learners, relating the
discussion to relevant course
concepts.
Does not collaborate with
fellow learners.
Collaborates with fellow
learners without relating
discussion to the relevant
course
concepts.
Collaborates with fellow
learners, relating the
discussion to relevant course
concepts.
Collaborates with fellow learners,
relating the discussion to relevant
course concepts and extending the
dialogue.
Applies relevant professional,
personal, or
other real-world
experiences.
Does not contribute
professional, personal, or
other real-world
experiences.
Contributes professional,
personal, or other real-world
experiences, but lacks
relevance.
Applies relevant professional,
personal, or other real-world
experiences.
Applies relevant professional,
personal, or other real-world
experiences to extend the dialogue.
Supports position with
applicable
knowledge.
Does not establish relevant
position.
Establishes relevant position. Supports position with
applicable knowledge.
Validates position with applicable
knowledge.
Participation Guidelines
Actively participate in discussions. To do this you should create a substantive post for each of the
discussion topics. Each post should demonstrate your achievement of the participation criteria. In
addition, you should also respond to the posts of at least two of your fellow learners for each discussion
question-unless the discussion instructions state otherwise. These responses to other learners should also
be substantive posts that contribute to the conversation by asking questions, respectfully debating
positions, and presenting supporting information relevant to the topic. Also, respond to any follow-up
questions the instructor directs to you in the discussion area.
To allow other learners time to respond, you are encouraged to post your initial responses in the
discussion area by midweek. Comment to other learners’ posts are due by Sunday at 11:59 p.m. (Central
time zone).
Discussion Participation Scoring Guide
Page 1 of 1Discussion Participation Scoring Guide
1/23/2018https://courserooma.capella.edu/bbcswebdav/institution/MBA/MBA6008/170100/Scoring_…
ECONOMIC GROWTH EASILY EXPLAINED
Female Speaker
Growth is everywhere. A tree grows from a seed to a plant. And the economy grows, too. But how do we
measure economic growth?
The value of all the products manufactured and sold in a country of the course of one year along with
everything that people do and get paid for, or that amounts to the gross domestic product. When people earn
more money and then buy more products and services, the economy grows.
Politicians also want to see the economy grow. That is why they work toward achieving greater employment,
stable prices, and a balance between imported and exported goods.
More growth means more money, but for whom? The common belief that greater wealth means greater
prosperity for all does not reflect reality. It all depends on how the money is distributed. Often when an
economy grows very quickly, that distribution is very unequal. But is there a point when an economy has finally
matured?
The resources that industry requires to grow are limited and the need for raw materials often does not take
nature into account. Since the 1970s, some economists have been warning about the limits of growth. They
suggest that quality of life should also factor into the equation along with material growth.
In Bhutan, a country in the Himalayas, that is already the case. Their gross national happiness is measured. In
addition to income, it is made up of how healthy people and nature are as well as the opportunities people
have in life and how at ease they feel in society. Economic growth and contentment have the same value.
Germany is also discussing a new measure of prosperity with some politicians calling for the inclusion of social
and ecological aspects. Even if we are still searching for a solution, more and more people are starting to
understand that the economy can only grow over the long-term if it also respects a person’s basic means of
existence.
REFERENCES Economic Growth Easily Explained
L i c e n s e d u n d e r a C r e a t i v e C o m m o n s A t t r i b u t i o n 3 . 0 L i c e n s e .
Page 1 of 1Economic Growth Easily Explained Transcript
1/23/2018http://media.capella.edu/CourseMedia/mba6008/EconomicGrowth_transcript/transcript.html
Economic Statistics
When trying to understand the health and trajectory of an economy, why do you think macroeconomics focus on just a few key statistics? Would it be better to try to examine all possible data? Explain.
Support your post with the theories presented in the unit readings and resources, using proper APA formatted citations and references.
Resources
Discussion Participation Scoring Guide
.
Use the Internet to complete the following:
View
Economic Growth Easily Explained
Link:
Readings
Use your textbook to complete the following:
· Read Chapter 6, “An Introduction to Macroeconomics,” pages 135–147.
· Read Chapter 7, “Measuring Domestic Output and National Income,” pages 150–168.
· Read Chapter 8, “Economic Growth,” pages 172–192.
· Read Chapter 9, “Business Cycles, Unemployment, and Inflation,” pages 195–214
