Macroeconomic/ Tax Cut and Job Act Decision Paper Homework Help

Page 1 of 3
U52031 Macroeconomics 2 2018-19
Resit Coursework Assignment
The resit coursework for this module consists of one individual assignment which counts for 50% of
the total module marks.
1. Assignment title:
The US 2017 Tax Cuts and Jobs Act: An analysis using the IS-LM and AS-AD models
In December 2017, the US President Donald Trump signed the Tax Cuts and Jobs Act which,
among other things, cut income tax rates by about 3% and the corporate tax rate from 35% to 21%.
The corporate tax cuts are permanent, while the individual income tax changes expire at the end of
2025. You have been hired as a researcher by the OECD to write a short paper on the expected
short- and long-run macroeconomic effects of the Tax Cuts and Jobs Act on the US economy. You
are required to:
a) Use the closed (small) economy IS-LM and AS-AD models (equations; assumptions; variables;
graphs; dynamics; discussion) to analyse the short- and long-run macroeconomic effects of the
tax cuts as these are predicted by theory. Which are the macro-variables affected? (Section 2)
b) Research and briefly explain the economic rationale behind the tax cuts. Then discuss whether
such policies eventually achieve their goals drawing i) from your own macro-model analysis, ii)
from the available literature (i.e. academic journal papers, books, policy reports, etc.), and iii)
from real US data regarding the period 2005 to 2016 (the year before the Act). What are the
positive and negative macroeconomic effects that can be identified from the available literature?
This assignment is a form of inquiry-based learning, where your learning is motivated by the topic
given, and you develop a deeper understanding of this as you research this area and review
competing perspectives and opinions. You will need to research the topic, using relevant books and
academic journal papers, and present an essay which suggests how your macroeconomic analysis
contributes to both an understanding of the topic and of the effects on several economic variables.
You are required to examine the effects as those are predicted by macroeconomic theory and
adopt an evaluative approach. Your assignment should attempt and address the following
descriptive, analytical and evaluative questions: Description: What is the topic/issue and context?
Contextualise the topic and provide background information. Where? Who is involved/ affected/
interested? When? Analysis and evaluation: Use the theories we cover in this module to
understand the issue. Which economic variables are affected? In your analysis consider intended
and unintended consequences of applied economic policies. Consider also possible alternative
perspectives and apply them to the context. What aspect of the context is not addressed by the
theory (if applicable)? How appropriate is the theory in providing an explanation and solution to the
specific issues / context (if applicable)?
Remember: In your analysis you must use the closed small economy IS-LM and the AS-AD
models of the economy that we cover in this module. You should investigate in detail which
macroeconomic variables are affected as well as discuss both the short- and the long-run
macroeconomic effects. Please also note that this is a module about macroeconomics and you
should concentrate on these when writing your assignment – do not get diverted into financial
markets questions about specific financial policies or business policies or similar questions.Page 2 of 3
2. Learning Outcomes
• The ability to apply theoretical understanding to the analysis of contemporary key policy
questions within macroeconomics
• The ability to appreciate the main issues involved in testing macroeconomic hypotheses and to
recognise the limitations of different macroeconomic frameworks
• The ability to understand the role of key assumptions and variables in the IS-LM and AS-AD
models
• The ability to use a wide range of academic articles that are both theoretical and empirical to
support your discussion
• The ability to follow general academic writing rules, as well as the formatting rules provided
below
3. Assessment Criteria
The assignment will be marked against the following assessment criteria:
• Clear and coherent introduction and conclusions – 10% (sections 1 and 4)
• Knowledge, understanding and presentation (properly constructed model graphs and equations)
of the IS-LM (15%) and AS-AD (15%) macroeconomic models; ability to use them together to
conduct a coherent, critical and persuasive analysis (20%) – total 50% (section 2)
• Quality of the discussion based on the available relevant academic literature; use of real
macroeconomic data and statistics; evidence of wider reading; presentation of all relevant
supporting material (such as properly constructed tables and figures of data) – 30% (section 3)
• Overall quality of the essay in terms of clarity, coherence, appropriate terminology, and
appropriate academic referencing following the Harvard system – 10%
4. Reading and Sources
You should build your own reading list by using macroeconomics theory books and by doing your
own literature search (Google Scholar should be your primary tool). You should cite academic
publications (academic journal articles, books, working papers/publications from institutions such as
the NBER, World Bank, OECD or IMF). Please do not cite press articles, newspapers, magazines
(such as The Economist). Blogs or internet sources such as Wikipedia or Investopedia are not
accepted as legitimate references and will result in loss of marks.
5. Assignment Length
There is a word limit of 1,200 words for your essay (no 10% margin) since this assignment involves
substantial graphical and model analysis and it is expected that an important part of your time
and effort will be devoted to developing these. You need to think carefully about how to write
your essay within the permitted number of words, using an appropriate mix of text, graphs
and tables. Words that exceed the maximum allowed will not be marked. The specified word count
includes everything except tables and their captions, graphs and their captions, and the list of
references. Avoid appendices as they will not be marked.
6. Assignment Format
You need to download and only use the Word template provided on Moodle (“U52031 18-19
S2 Coursework Template”). Assignments not complying with this, will be returned to students
unmarked.
• Assignments must be word-processed and all pages numbered. Font must be Arial size 11, 1.5
spaced and aligned left.
• References must comply with the Harvard system (see the Oxford Brookes University library
guide found on the Moodle site).

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Page 1 of 3
U52031 Macroeconomics 2 2018-19
Resit Coursework Assignment
The resit coursework for this module consists of one individual assignment which counts for 50% of
the total module marks.
1. Assignment title:
The US 2017 Tax Cuts and Jobs Act: An analysis using the IS-LM and AS-AD models
In December 2017, the US President Donald Trump signed the Tax Cuts and Jobs Act which,
among other things, cut income tax rates by about 3% and the corporate tax rate from 35% to 21%.
The corporate tax cuts are permanent, while the individual income tax changes expire at the end of
2025. You have been hired as a researcher by the OECD to write a short paper on the expected
short- and long-run macroeconomic effects of the Tax Cuts and Jobs Act on the US economy. You
are required to:
a) Use the closed (small) economy IS-LM and AS-AD models (equations; assumptions; variables;
graphs; dynamics; discussion) to analyse the short- and long-run macroeconomic effects of the
tax cuts as these are predicted by theory. Which are the macro-variables affected? (Section 2)
b) Research and briefly explain the economic rationale behind the tax cuts. Then discuss whether
such policies eventually achieve their goals drawing i) from your own macro-model analysis, ii)
from the available literature (i.e. academic journal papers, books, policy reports, etc.), and iii)
from real US data regarding the period 2005 to 2016 (the year before the Act). What are the
positive and negative macroeconomic effects that can be identified from the available literature?
This assignment is a form of inquiry-based learning, where your learning is motivated by the topic
given, and you develop a deeper understanding of this as you research this area and review
competing perspectives and opinions. You will need to research the topic, using relevant books and
academic journal papers, and present an essay which suggests how your macroeconomic analysis
contributes to both an understanding of the topic and of the effects on several economic variables.
You are required to examine the effects as those are predicted by macroeconomic theory and
adopt an evaluative approach. Your assignment should attempt and address the following
descriptive, analytical and evaluative questions: Description: What is the topic/issue and context?
Contextualise the topic and provide background information. Where? Who is involved/ affected/
interested? When? Analysis and evaluation: Use the theories we cover in this module to
understand the issue. Which economic variables are affected? In your analysis consider intended
and unintended consequences of applied economic policies. Consider also possible alternative
perspectives and apply them to the context. What aspect of the context is not addressed by the
theory (if applicable)? How appropriate is the theory in providing an explanation and solution to the
specific issues / context (if applicable)?
Remember: In your analysis you must use the closed small economy IS-LM and the AS-AD
models of the economy that we cover in this module. You should investigate in detail which
macroeconomic variables are affected as well as discuss both the short- and the long-run
macroeconomic effects. Please also note that this is a module about macroeconomics and you
should concentrate on these when writing your assignment – do not get diverted into financial
markets questions about specific financial policies or business policies or similar questions.Page 2 of 3
2. Learning Outcomes
• The ability to apply theoretical understanding to the analysis of contemporary key policy
questions within macroeconomics
• The ability to appreciate the main issues involved in testing macroeconomic hypotheses and to
recognise the limitations of different macroeconomic frameworks
• The ability to understand the role of key assumptions and variables in the IS-LM and AS-AD
models
• The ability to use a wide range of academic articles that are both theoretical and empirical to
support your discussion
• The ability to follow general academic writing rules, as well as the formatting rules provided
below
3. Assessment Criteria
The assignment will be marked against the following assessment criteria:
• Clear and coherent introduction and conclusions – 10% (sections 1 and 4)
• Knowledge, understanding and presentation (properly constructed model graphs and equations)
of the IS-LM (15%) and AS-AD (15%) macroeconomic models; ability to use them together to
conduct a coherent, critical and persuasive analysis (20%) – total 50% (section 2)
• Quality of the discussion based on the available relevant academic literature; use of real
macroeconomic data and statistics; evidence of wider reading; presentation of all relevant
supporting material (such as properly constructed tables and figures of data) – 30% (section 3)
• Overall quality of the essay in terms of clarity, coherence, appropriate terminology, and
appropriate academic referencing following the Harvard system – 10%
4. Reading and Sources
You should build your own reading list by using macroeconomics theory books and by doing your
own literature search (Google Scholar should be your primary tool). You should cite academic
publications (academic journal articles, books, working papers/publications from institutions such as
the NBER, World Bank, OECD or IMF). Please do not cite press articles, newspapers, magazines
(such as The Economist). Blogs or internet sources such as Wikipedia or Investopedia are not
accepted as legitimate references and will result in loss of marks.
5. Assignment Length
There is a word limit of 1,200 words for your essay (no 10% margin) since this assignment involves
substantial graphical and model analysis and it is expected that an important part of your time
and effort will be devoted to developing these. You need to think carefully about how to write
your essay within the permitted number of words, using an appropriate mix of text, graphs
and tables. Words that exceed the maximum allowed will not be marked. The specified word count
includes everything except tables and their captions, graphs and their captions, and the list of
references. Avoid appendices as they will not be marked.
6. Assignment Format
You need to download and only use the Word template provided on Moodle (“U52031 18-19
S2 Coursework Template”). Assignments not complying with this, will be returned to students
unmarked.
• Assignments must be word-processed and all pages numbered. Font must be Arial size 11, 1.5
spaced and aligned left.
• References must comply with the Harvard system (see the Oxford Brookes University library
guide found on the Moodle site).

Do you have a similar assignment and would want someone to complete it for you? Click on
the ORDER NOW option to get instant services at LindasHelp.com. We assure you of a well
written and plagiarism free papers delivered within your specified deadline.

AD:

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