11.3: Economic Theory - Homework
- Page ID
- 254103
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\(\newcommand{\avec}{\mathbf a}\) \(\newcommand{\bvec}{\mathbf b}\) \(\newcommand{\cvec}{\mathbf c}\) \(\newcommand{\dvec}{\mathbf d}\) \(\newcommand{\dtil}{\widetilde{\mathbf d}}\) \(\newcommand{\evec}{\mathbf e}\) \(\newcommand{\fvec}{\mathbf f}\) \(\newcommand{\nvec}{\mathbf n}\) \(\newcommand{\pvec}{\mathbf p}\) \(\newcommand{\qvec}{\mathbf q}\) \(\newcommand{\svec}{\mathbf s}\) \(\newcommand{\tvec}{\mathbf t}\) \(\newcommand{\uvec}{\mathbf u}\) \(\newcommand{\vvec}{\mathbf v}\) \(\newcommand{\wvec}{\mathbf w}\) \(\newcommand{\xvec}{\mathbf x}\) \(\newcommand{\yvec}{\mathbf y}\) \(\newcommand{\zvec}{\mathbf z}\) \(\newcommand{\rvec}{\mathbf r}\) \(\newcommand{\mvec}{\mathbf m}\) \(\newcommand{\zerovec}{\mathbf 0}\) \(\newcommand{\onevec}{\mathbf 1}\) \(\newcommand{\real}{\mathbb R}\) \(\newcommand{\twovec}[2]{\left[\begin{array}{r}#1 \\ #2 \end{array}\right]}\) \(\newcommand{\ctwovec}[2]{\left[\begin{array}{c}#1 \\ #2 \end{array}\right]}\) \(\newcommand{\threevec}[3]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \end{array}\right]}\) \(\newcommand{\cthreevec}[3]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \end{array}\right]}\) \(\newcommand{\fourvec}[4]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \\ #4 \end{array}\right]}\) \(\newcommand{\cfourvec}[4]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \\ #4 \end{array}\right]}\) \(\newcommand{\fivevec}[5]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \\ #4 \\ #5 \\ \end{array}\right]}\) \(\newcommand{\cfivevec}[5]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \\ #4 \\ #5 \\ \end{array}\right]}\) \(\newcommand{\mattwo}[4]{\left[\begin{array}{rr}#1 \amp #2 \\ #3 \amp #4 \\ \end{array}\right]}\) \(\newcommand{\laspan}[1]{\text{Span}\{#1\}}\) \(\newcommand{\bcal}{\cal B}\) \(\newcommand{\ccal}{\cal C}\) \(\newcommand{\scal}{\cal S}\) \(\newcommand{\wcal}{\cal W}\) \(\newcommand{\ecal}{\cal E}\) \(\newcommand{\coords}[2]{\left\{#1\right\}_{#2}}\) \(\newcommand{\gray}[1]{\color{gray}{#1}}\) \(\newcommand{\lgray}[1]{\color{lightgray}{#1}}\) \(\newcommand{\rank}{\operatorname{rank}}\) \(\newcommand{\row}{\text{Row}}\) \(\newcommand{\col}{\text{Col}}\) \(\renewcommand{\row}{\text{Row}}\) \(\newcommand{\nul}{\text{Nul}}\) \(\newcommand{\var}{\text{Var}}\) \(\newcommand{\corr}{\text{corr}}\) \(\newcommand{\len}[1]{\left|#1\right|}\) \(\newcommand{\bbar}{\overline{\bvec}}\) \(\newcommand{\bhat}{\widehat{\bvec}}\) \(\newcommand{\bperp}{\bvec^\perp}\) \(\newcommand{\xhat}{\widehat{\xvec}}\) \(\newcommand{\vhat}{\widehat{\vvec}}\) \(\newcommand{\uhat}{\widehat{\uvec}}\) \(\newcommand{\what}{\widehat{\wvec}}\) \(\newcommand{\Sighat}{\widehat{\Sigma}}\) \(\newcommand{\lt}{<}\) \(\newcommand{\gt}{>}\) \(\newcommand{\amp}{&}\) \(\definecolor{fillinmathshade}{gray}{0.9}\)Discussion Post
Write an essay that compares neoliberal and Keynesian principles on the issue of racial wealth disparities.
1. Explain the problem of racial wealth disparity in our country.
2. Which set of policies would solve the problem better: Neoliberalism or Keynesianism? Explain your decision.
3. Support your position with at least one existing or current policy example.
4. What are some advantages and disadvantages that would affect different groups under your selected framework?
In your discussion post, adhere to these guidelines:
- Read the assignment instructions carefully and do the necessary readings and research.
- Explain your answer using the readings.
- Write at least 400 words.
- Respond to the posts of two of your peers. Responses to peers should raise significant points of agreement or disagreement and encourage peers to reflect upon their responses and positions taken in their initial posts.
- If you can, please respond to any questions from other students regarding your postings (this is not mandatory).
Evaluation Rubric
| Criteria | Excellent (A) <br> (90–100 points) | Good (B) <br> (80–89 points) | Satisfactory (C) <br> (70–79 points) | Needs Improvement (D/F) <br> (0–69 points) |
|---|---|---|---|---|
| Understanding of the Issue (25 pts) | Clearly and insightfully explains the causes and scope of racial wealth disparities; demonstrates deep understanding. | Accurately describes the issue with some insight; explanation is clear and informed. | Basic explanation provided; limited depth or clarity. | Lacks clarity or depth; misrepresents or omits key aspects of the issue. |
| Application of Economic Frameworks (25 pts) | Skillfully compares Neoliberalism and Keynesianism; clearly articulates how each addresses inequality and government intervention. | Compares both frameworks well; identifies their views on inequality and government’s role. | Mentions both theories but with limited comparison or application to the issue. | Inaccurate or minimal discussion of the economic frameworks. |
| Use of Evidence & Policy Example (20 pts) | Integrates a relevant, well-explained policy example; effectively uses readings and research to support arguments. | Provides a clear policy example and refers to readings or research to support points. | Includes a basic policy example with minimal explanation or connection to readings. | Lacks or misuses policy example; little or no use of assigned materials or research. |
| Analysis of Framework Impact (15 pts) | Thoroughly analyzes pros and cons of selected framework for different groups; shows awareness of complexity and nuance. | Identifies key advantages and disadvantages with some analysis of group impacts. | Addresses pros and cons generally, but lacks depth or clarity on group impacts. | Missing or vague analysis of how the framework affects different groups. |
| Writing, Structure, & Word Count (10 pts) | Clear, well-organized, and engaging writing; meets or exceeds 400 words; free of grammar or spelling issues. | Well-written and mostly organized; meets 400 words; few minor errors. | Some organization or clarity issues; close to 400 words; several grammar or style errors. | Unclear, disorganized, or below word count; multiple errors that hinder comprehension. |
| Peer Engagement (5 pts) | Responds thoughtfully to at least 2 peers, raising insightful questions or points; shows active engagement. | Responds to 2 peers with relevant points or questions. | Responds to at least 1 peer with basic engagement. | No peer responses or responses lack substance. |