Advising+the+President+Webquest

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** Advising the President Webquest! **



 * Goal :** Your goal is to advise the president on domestic economic policy.


 * Role :** You are the three members of the Council of Economic Advisors (CEA)


 * Audience :**Your audience is the President of the United States.

The president wants to meet with key members of the House and Senate leadership to discuss the upcoming budget and possible tax legislation. The president relies on you and the other two members of the CEA to advise him on both domestic and foreign economic matters. In this job, you will need to compile data on the economic performance of the economy. You will need to gather the latest numbers on Real GDP (economic growth), unemployment rate, and the average level of prices. The president is especially concerned about what is happening in the lives of middle and working classes. Use the Consumer Price Index (CPI) to gauge inflation. You will need to present information on the state of the economy and your recommendations in regards to fiscal policy.
 * Situation:**



You will create a power point presentation in order to inform the president of the latest economic data and a general assessment of the phase of the business cycle the economy is currently in. You will then make your policy recommendations to the president within the body of the power point. Each group member can be assigned an economic indicator to explore and analyze. As a group, you can construct your presentation in google docs. You will need to decide as a group what phase of the business cycle we are in and what recommendations the Council should make to the presentation.
 * Product, Performance, and Purpose**

The presentation will be assessed on the completeness and accuracy of your data on GDP, unemployment, and inflation. The analysis of the state of the economy (phase of the business cycle) will need to be clearly supported. Your recommendations to the president on fiscal policy should flow effectively from your analysis and also be well supported and persuasive. Make sure you proofread your power point -- you don't want to appear unprofessional when advising the president on such important matters.
 * Standards and Criteria for Success**




 * Getting Started:

Start by finding out about who you are and what your job is by going to** [|**http://www.whitehouse.gov/administration/eop/cea/about**]

[|Bureau of Labor Statistics]
 * Here are some sites that contain the economic indicators that you will need to analyze for the president:**

[]


 * Here are each of the economic indicators explained:**

[|Consumer Price Index]

[|GDP]

[|Unemployment]


 * Here is a great page from EconEdlink that brings the economic indicators together (along with additional and related indicators) that can help in your analysis.**

[|EconEdlink - datalinks]


 * Finally, here is a great article from Investopedia defining fiscal policy and how it can be used to alter the level of output and employment, and the price level. This will be very helpful in your final recommendations to the president.

[|Fiscal Policy and the Business Cycle]**


 * Pa Standards addressed by this webquest include: 6.1.12.A; 6.1.12.B; 6.1.12.C; 6.1.12.D; and 5.3.12.A