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ECO201 Unit 1 Assignment .pdf

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ECO201 – Macroeconomics

Unit 1 Assignment: Progress, or Freedom?
Due: Sunday by 11:59 pm at the end of Unit 1.
What is economic progress? What is freedom?
Two research organizations rank countries by their economic competitiveness with quite
different results. Based on these rankings address the following questions;
 Provide a brief (one paragraph) overview of this week’s material.
 Why do they do reach different conclusions?
 Explain which research organization's ranking best describes the state of the world
economy. Include support from course materials to support your explanation.
One ranking comes from the World Economic Forum, http://www.weforum.org/
It describes itself as follows:
The World Economic Forum is an independent international organization committed to
improving the state of the world by engaging business, political, academic and other leaders of
society to shape global, regional and industry agendas. Incorporated as a not-for-profit
foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no
political, partisan or national interests.
The report on competitiveness is available at:
Another ranking, described in the textbook comes from the Heritage Foundation
It describes itself as follows:
Founded in 1973, The Heritage Foundation is a research and educational institute - a think
tank - whose mission is to formulate and promote conservative public policies based on the
principles of free enterprise, limited government, individual freedom, traditional American
values, and a strong national defense.
The report is available at:
Your final product will be a paper that:

Addresses each of the questions in total.
Is APA fortatted.
The body is to be 2 pages minimum.

The requirements for your assignment are:
1. Answer each question fully
2. Define the overall subject of each question.
3. Cite at least three (3) resources from this week’s materials.
Students: Be sure to read the criteria and review the grading rubric on the next page, by
which your paper/project will be evaluated, before you write, and again after you write.

Evaluation Rubric for Unit 1 Assignment




Overview of the

0-13 Points
Does not provide an
adequate overview
or is missing.


0-11 Points
unanswered and/or
poorly answered.
0-5 Points
Less than 3
references, no
assimilation to the
0-1 Point
Format has errors
that impede
presentation; and/or
APA not followed,
reference page
0-1 Point
More than 7 writing
errors, to include
spelling and

14-22 Points
Overview is
presented, though
may not be clear or
12-23 Points
All questions
answered with 1-2
sentence inputs.
6-10 Points
3 references,
assimilation to the
2-3 Points
APA format and
reference page has
few errors that do
not impede

23-30 Points
Overview is clearly
presented including
all criteria outlined
24-45 Points
All questions
answered with depth
and clarity.
11-15 Points
4 or more references
and assimilations
show depth and
4-5 Points
APA format and
reference page is
clear, professional,
and error free.

2-3 Points
More than 4 writing
errors, to include
spelling and

4-5 Points
No writing errors.

References to
Course Materials

APA Format

Writing Quality




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