Fiscal and Monetary policy comprise the two major ways the State can influence the economy: through spending interventions (fiscal policy) and manipulation of the money supply (monetary policy). This is the key intersection of politics and economics that occurs in a fluid and ongoing manner at the federal and local levels.

 We examine both while looking at New Deal policies, Eisenhower’s emphasis on a balanced budget, and the final undermining of the Gold Standard. The best way to review our current policy prescriptions is through a solid understanding of the historical context with which our political system has influenced the economy over time and in response to crisis and conflicts. 

Topics you should feel comfortable with after this week: (1) Identify basic economic concepts related to fiscal and monetary policy, (2) Articulate a model of Biblical statesmanship as it relates to fiscal and monetary policy, (3) Evaluate New Deal policies, Eisenhower’s emphasis on a balanced budget, and the final undermining of the Gold Standard.

This week’s readings/presentations:

1. Gwartney et al.: chs. 11–16, Special Topic 6
2. Stockman: chs. 8–13
3. Presentation: Fiscal and Monetary Policy-to cite this transcript, please use this format:                                  Fischer, K. (2018). Week Three Presentation:  Fiscal and Monetary Policy   (7:49)

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Research Paper: New Deal Evaluation Assignment Instructions 

Overview:

Evaluate decisions and impacts of key government leaders during the New Deal policies, Eisenhower’s emphasis on a balanced budget, and the final undermining of the Gold Standard. Provide an evaluation of those decisions and impacts in light of the model of statesmanship introduced in this module/week’s presentation.

Remember also that writing a research paper, especially at the doctoral level, requires you to weave in ideas from numerous sources and then in turn synthesizing those ideas to create fresh insights and knowledge.

Answers to questions must be supported with research and citations. It is not unusual, for instance, to have 3–4 citations per paragraph in doctoral-level research.

Instructions

• 12-14 pages of content, double-spaced
• Turabian format
• Must include citations from all readings and presentations for the assigned module, and at least 20 outside scholarly sources
• Acceptable sources include scholarly articles and books published within the last five years

1. 1. Research Paper 2: Submit this assignment by 11:59 p.m. (ET) on Saturday

 Stockman 8-13.zip

1.  as a Word document file. Please refer to the assignment details.