Inequality

InequalityIn this week’s assignment, you will need to investigate the use of data by two economists who reach entirely opposite conclusions. See the file attached below for specific details and grading criteria.
eco202_unit_7_assignment_instructions.pdf

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ECO202 – Microeconomics
Unit 7 Assignment: Inequality
Due: Sunday by 11:59 pm at the end of
Unit 7. Is inequality in the U.S. rising or
falling?
As we have seen, our economic well-being depends on many factors: income, wealth,
pre-or post-tax earnings, family size and whether or not earnings postponed to the
future. Consequently, it isn’t surprising that politicians can find data to support nearly
any position about whether Americans are getting poorer or richer. In this week’s
assignment, you will investigate the use of data by two economists who reach entirely
opposite conclusions.
Steven Pearlstein, conservative business columnist for the Washington Post, argues that
the middle class continues to do well.
http://www.washingtonpost.com/wp-dyn/content/article/2007/05/29/AR2007052902001.html
On the other hand, Jared Berstein, writing in the liberal The American Prospect
magazine maintains that living standards have slipped for the middle class.
http://www.epinet.org/content.cfm/webfeatures_econindicators_income20040826
Or:
http://prospect.org/article/squee
ze-0
Respond to the following key questions:
1. What are the strongest arguments presented by each side?
2. What are the weakest arguments presented by each side?
3. What additional data would you like to have in order to determine who is correct?
Your final product will be a paper that:
?
?
?
Addresses each of the four questions above 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 7 Assignment
CRITERIA
Overview of
the Topic
Deficient
0-13 Points
Does not provide
an adequate
overview or is
missing.
0-11 Points
Questions
unanswered
and/or
poorly answered.
0-5 Points
References to
Course Materials Less than 3
references, no
assimilation to
the questions.
Complet
e
Answers
APA Format
Writing Quality
0-1 Point
Format has errors
that impede
professional
presentation;
and/or APA not
followed,
reference
page
missing.
0-1 Point
More than 7
writing errors, to
include spelling
and punctuation.
Proficient
14-27 Points
Overview is
presented,
though may not
be clear or
complete.
12-23 Points
All questions
answered with
1-2 sentence
inputs.
6-10 Points
3 references,
minimal
assimilation to
the questions.
2-3 Points
APA format and
reference page
has few errors
that do not
impede
professional
presentation.
2-3 Points
More than 4
writing errors, to
include spelling
and punctuation.
Exemplary
Point
s
Earne
d
28-40 Points
Overview is
clearly presented
including all
criteria outlined
above.
24-35 Points
All questions
answered with
depth and clarity.
11-15 Points
4 or more
references and
assimilations
show depth and
clarity.
4-5 Points
APA format and
reference page
is clear,
professional, and
error free.
4-5 Points
No writing errors.
Total
10
0

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