Term paper guidelinesNote: these are guidelines, not requirements. You don't need to include all these, but what you think are the most important ones. Some data will need to be estimated. If people don't wish to reveal private information, then you may estimate the numbers.
What kind of government does your community have?
E.g. homeowner's association, SCU and dorm administration
Room mates: rules, common finances: how decided?
GDP - income and output
a) income from all sources
Loans, transfers (including gifts)
Production: rent, wages, capital goods
(landlords get all three)
Labor: how many hours per year, what is the wage level and human-capital premium?
Taxes: income, sales, property
How much is the land-value tax, and the percent of land rent taxed.
How much is savings?
consumption and consumer goods
investment: savings accounts, money market, stocks, bonds (if known)
How much cash, total and per-capita
What is the velocity of the money, per year?
Does income equal spending?
If not, what is the difference, and why?
Distribution of income.
By categories: age, work status, etc.
How unequal? Why?
What is exported?
What is imported
Current account, capital account
Is the balance of payments zero?
If not, why not?
Balance sheet - assets and liabilities
Assets: land value, capital goods, funds, bonds
Assets - liabilities = net worth
How much net worth?
Is there unemployment? If so, why?
Are there fluctuations in income and output? (Seasonal?) Explain.
How would this economy be different in a pure free market, with no taxes on wages, capital, or sales.
(There could be user fees, fines, and taxes on land rent.)
Anything else that you wish to add.
Is your case study consistent with macroeconomic theory?
If not, how is it different?
What are the main things you learned?
What were the problems or troubles you encountered, if any.
Did you enjoy the project?