Impact of Covid 19 on Eurozone block of countries

Final Assessment
Written Assignment
Activity brief
BCO124 – Macroeconomics
Online campus
Professor: Cecilia Simkievich [cecilia.simkievich@euruni.edu]
Description Write a report that assesses how the Eurozone
block of countries has so far been affected by
the coronavirus crisis.
The report should include the following sections:
– Cover Page
– Table of Contents
– Section 1. Eurozone macroeconomic
situation Include charts with the following
indicators during 2010-2020:
– Real GDP
– Real GDP growth rate
– Inflation rate
– Unemployment rate
– Trade Balance (Exports – Imports)
– Section 2. Effect of the covid crisis on
the Eurozone economy
– Analyzing the previous indicators, explain
how the crisis has affected the Eurozone
economy
– Section 3. Eurozone macroeconomic
policies
– In the Eurozone, which institution
oversees monetary policy, and which
one controls fiscal policy?
– Provide information on both fiscal and
monetary policies that are being (or
Format Your submission must meet the following formatting requirements:
• Individual Report.
• Upload one file only.
• File format allowed: PDF.
• The minimum amount of words to be used is 1500 and the
maximum is 2200.
• Bibliography, Cover Page, and Table of Contents will not
count towards the final wordcount.
• You may want to include images/graphics to make your
reasoning and argumentation more visual and explicative.
• Font: Arial. Size: 12,5pts. Line spacing: 1,5. Text align:
Justified.
• Harvard’s referencing style is mandatory.
are planned to be) implemented by
Eurozone officials as a response to
the coronavirus crisis to prevent a fall
in the aggregate demand.
– Explain in detail how one of these
policies (fiscal or monetary) operate
in theory
– Section 4. Conclusions
– Is the EU well prepared to offset the
negative impact of the covid crisis?
– Bibliography
Goal(s) This task evaluates the application of general
concepts and theories learned throughout the
entire course.
Due date Date: Friday 7th of May, 2021
Time: 18.00hs CEST
Weight towards
final grade
This activity has a weight of 60% towards the final grade.
Learning
outcomes
This task assesses the following learning
outcomes:
• Understand the forces determining
macroeconomic variables such as
national output, inflation, unemployment,
and interest rates.
• Apply macroeconomic terminology and
assess macroeconomic policy
suggestions.
• Evaluate real life situations with a
practical application of the acquired tools
and knowledge.
Assessment
criteria
See rubric in next page.
RUBRICS Exceptional
90-100
Good
80-89
Fair
70-79
Marginal fail
60-69
Knowledge and
Identification of
the main issues
30%
Identifies and
demonstrates a
sophisticated
understanding of the main
macroeconomic concepts
and indicators.
Identifies and demonstrates an
accomplished understanding of
the main macroeconomic
concepts and indicators.
Identifies and demonstrates
acceptable understanding of some of
the main macroeconomic concepts and
indicators.
Does not identify or demonstrate an
acceptable understanding of the main
macroeconomic concepts and indicators.
Facts, data
sources and
application
30%
Student applies fully
relevant knowledge to the
situation provided. The
presentation does not
contain any factual
mistakes, data sources are
relevant.
Student applies mostly relevant
knowledge to the situation
provided. The presentation
does not contain any factual
mistakes, data sources are
mainly relevant.
Student applies some relevant
knowledge to the situation provided.
Some minor misunderstandings may
be evident. The presentation contains
one-two factual mistakes, data sources
are somewhat relevant.
Student applies little relevant knowledge
to the situation provided.
Misunderstandings are evident. The
presentation contains more than two
factual mistakes, data sources are
irrelevant.
Evaluation
10%
Student assembles a
coherent response to the
situation, providing a range
of support and justification
that leads to a wellreasoned conclusion.
Student assembles a good
response to the situation,
providing support and
justification that lead to a wellreasoned conclusion.
Student assembles a fair response to
the situation, providing some support
and justification that lead to a wellreasoned conclusion. Minor
misunderstandings may be evident.
Student’s response to the situation lacks
coherence. Limited support and
justification are provided that may or
may not be well linked to the conclusion.
Communication,
visual effects
30%
Student communicates
ideas extremely clearly and
concisely. Compliance with
the guidelines on length
and other formalities are
taken into account.
Student communicates ideas
clearly and concisely.
Compliance with the guidelines
on length and other formalities
are taken into account.
Student communicates ideas fairly
clearly and concisely. Compliance with
the guidelines on length and other
formalities are taken into account.
Student attempts to communicate ideas
clearly and concisely, with some
problems. Student does not follow the
guidelines on length and other
formalities.