This rubric outlines the key learning objectives and assessment criteria for an Undergraduate Year 3 (Junior) Intermediate Macroeconomics course. The course builds on foundational macroeconomic principles; introducing students to advanced theories; models; and empirical applications. Students will develop a deeper understanding of economic growth; business cycles; inflation; unemployment; and monetary and fiscal policy. By engaging with real-world data and case studies; students will enhance their analytical skills and ability to evaluate macroeconomic policies. The rubric evaluates students on their comprehension of core macroeconomic concepts; including aggregate demand and supply; the IS-LM model; and open-economy macroeconomics. Students must demonstrate proficiency in applying these models to analyze economic fluctuations and policy responses. Written assignments and problem sets assess their ability to synthesize theoretical knowledge with empirical evidence. Exams test their capacity to solve quantitative problems and interpret macroeconomic data. Critical thinking is emphasized through discussions on contemporary macroeconomic issues; such as income inequality; globalization; and central bank strategies. Students are expected to construct well-reasoned arguments supported by economic theory and evidence. Participation in class debates and presentations further refines their communication skills and ability to articulate complex ideas clearly. The course also fosters research skills by requiring students to analyze scholarly articles and policy reports. A final project or research paper allows them to explore a macroeconomic topic in depth; integrating theory; data; and policy implications. By the end of the course; students will have strengthened their ability to think critically about macroeconomic challenges and contribute informed perspectives to economic discussions. This prepares them for advanced coursework or careers in economics; finance; or public policy.
