Economists often conduct research, collect and analyze data, monitor economic trends, and develop forecasts

ECO 510 Final Project Guidelines and Rubric
Overview
Economists often conduct research, collect and analyze data, monitor economic trends, and develop forecasts. They use their understanding of economic
relationships to advise businesses, industry, and government agencies. For the final project, you are to assume the role of an economist consulting on a study to
advise the U.S. Department of Health and Human Services (HHS) on economic and demographic factors that could aid the HHS executives in allocating resources
to combat a health issue of your choice. Understanding this nexus among economics, demographics, and physical activity will be vital for HHS to be able to focus
its limited funding for a health improvement initiative. For the final project, you will compose an empirical research paper for the HHS executives. The project is
divided into three milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These
milestones will be submitted in Modules Three, Seven, and Nine. The final product will be submitted in Module Ten.
In this assignment, you will demonstrate your mastery of the following course outcomes:
 Determine appropriate methods and approaches to applied economics based on a survey of relevant research
 Analyze quantitative data using appropriate statistical methodologies to solve economic problems
 Apply appropriate statistical methodologies for planning and conducting economic research
 Analyze statistical results for their application in examining empirical research
 Develop informed conclusions that align with selected research questions and statistical analyses used in empirical research in economics
Prompt
For your final project, you will choose a topic that interests you and that would allow the result of your research to help HHS executives allocate their efforts
appropriately to combat at least one of many health issues our nation is facing today.
Your empirical research paper should address these questions:
1. What are some economic and demographic factors that influence people’s health?
2. Which states or regions or demographic are in need of your research?
3. What could a government agency or nonprofit organization do to improve the efficiency of their activity to combat the health issue in your research?
Specifically, the following critical elements must be addressed:
I. Survey of Current Literature: Find research literature that interests you regarding the topics of demographics, economic indicators, and health, and
provide a brief narrative of each source that you could use as a stepping stone for your own research. You will need to provide a list of the resources
used in APA formatting. Ensure that you respond to the following in your narratives:
A. Identify what the research questions were and how the research is related to the topics of demographics, economics, and health.
B. Describe what type(s) of data was used and the sources of the data that was used.
C. Describe what mathematical objects and what types of statistical analysis were used.
D. Explain how the research is connected/related to your research. Provide specific examples to support your response.
II. Research Questions: In this section, you will develop your research questions to help in identifying and using statistical tests to analyze and solve an
economic problem.
A. Provide at least two feasible research questions for your research paper.
B. Defend the choice of your research questions, specifically, why these would be good research questions for an empirical economic research
paper.
III. Data Collection: In this section, you will locate data sets to be used in your research.
A. Locate data sets that you plan to use in your research, and provide this information clearly and accurately in Excel spreadsheets. Make sure that
your data contains at least four variables.
B. Identify how each variable is related to your research and explain how these data sets will help you in answering your research questions.
C. In a separate document, accurately cite your data sources and include direct links to the source of each data set or webpage that provided you
with the data.
IV. Statistical Tests: In this section, you will need to determine which test or tests you learned about in this course that will serve as the right “tool” to
understand and interpret your data.
A. Determine the most appropriate test(s) to use to analyze the data for your research paper, and justify your selection(s).
B. Describe how you will utilize the selected statistical test(s) to understand and interpret the data.
V. Data Analysis: In this section, you will conduct and analyze the results of your tests, utilizing the appropriate tools.
A. Develop a clear, testable hypothesis that you will prove or disprove through conducting your tests.
B. State the null hypothesis and alternative hypothesis in appropriate language based on what you are testing.
C. Utilizing appropriate methodologies, perform the statistical test(s) you have previously selected.
D. Describe the results of the tests and how they prove or disprove your hypothesis.
E. Analyze the results and explain how they help you answering your research questions.
VI. Summary and Conclusion: Based on your background research and data analysis, address the following:
A. Answer your research questions based on your background research and data analysis.
B. Determine how demographics and economic factors impact the health issue in your research.
C. Describe who stands to benefit from the findings of your research, specifically which states, regions, or demographic, and explain why.
D. Determine what a government agency or nonprofit organization could do to improve their efficiency of their activity to combat the health issue
in your research. Provide specific examples to support your determination.
Resources
In this course, you must use Minitab. If you have not done so already, download the application and take the Minitab Quality Trainer. Register for an account to
utilize this training resource.
Minitab is a Windows-only program. If you have a Mac, you can access Minitab using SNHU’s virtual desktop infrastructure (VDI). Review these instructions for
downloading the VDI.
Statistics with Minitab tutorials:
Linear Regression
Multiple Regression
Confidence and Prediction Intervals
First Order Multiple Regression Model
Multiple Regression Model With Interaction Terms
Second Order Regression Model
Higher Order Regression Model With Two Independent Variables
Regression Model With a Qualitative Predictor
Regression Model With Two Qualitative Predictors
Multiple Regression Model With Qualitative and Quantitative Predictors
Detecting Lack of Fit Part I
Detecting Lack of Fit Part II
Milestones
Milestone One: Survey of Current Literature and Research Questions
In Module Three, you will submit your survey on current literature as well as the research questions you plan to analyze using statistical tests. This milestone will
be graded with the Milestone One Rubric.
Milestone Two: Draft of Data Collection and Statistical Tests
In Module Seven, you will submit a draft of the results of your data collection and the statistical tests you plan to use. This milestone will be graded with the
Milestone Two Rubric.
Milestone Three: Draft of Data Analysis
In Module Nine, you will submit a draft of your data analysis. This milestone will be graded with the Milestone Three Rubric.
Final Submission: Empirical Research Paper
In Module Ten, you will submit your final project. It should be a complete, polished artifact containing all of the critical elements of the final product. It should
reflect the incorporation of feedback gained throughout the course. This submission will be graded with the Final Project Rubric.
Deliverables
Milestone Deliverable Module Due Grading
One Survey of Current Literature and Research
Questions
Three Graded separately; Milestone One Rubric
Two Draft of Data Collection and Statistical Tests Seven Graded separately; Milestone Two Rubric
Three Draft of Data Analysis Nine Graded separately; Milestone Three Rubric
Final Submission: Empirical Research Paper Ten Graded separately; Final Project Rubric
Final Project Rubric
Guidelines for Submission: Your empirical research paper must be 8–10 pages in length (including spreadsheets) and must be written in APA format. Use double
spacing, 12-point Times New Roman font, and one-inch margins.
Critical Elements Exemplary Proficient Needs Improvement Not Evident Value
Survey of Current
Literature: Research
Questions
[ECO-510-01]
Meets “Proficient” criteria and
makes cogent connections
between the research questions
and the required topics
(100%)
Identifies research questions
and explains their relation to
topics of demographics,
economics, and health
(90%)
Identifies research questions,
but explanation of their relation
to topics of demographics,
economics, and health is
cursory or contains inaccuracies
(70%)
Does not identify research
questions
(0%)
3.17
Survey of Current
Literature: Types(s)
of Data
[ECO-510-01]
Meets “Proficient” criteria, and
description is exceptionally
clear and contextualized
(100%)
Describes type(s) of data used
and the sources of the data
(90%)
Describes type(s) of data used,
but description is cursory, or
does not describe the sources
of the data
(70%)
Does not describe the type(s) of
data used
(0%)
3.17
Survey of Current
Literature:
Mathematical
Objects
[ECO-510-01]
Meets “Proficient” criteria, and
description is exceptionally
clear and contextualized
(100%)
Describes what mathematical
objects and types of statistical
analysis were used
(90%)
Describes what mathematical
objects and types of statistical
analysis were used, but
description is cursory or
contains inaccuracies
(70%)
Does not describe what
mathematical objects and types
of statistical analysis were used
(0%)
3.17
Survey of Current
Literature:
Connected/Related
[ECO-510-01]
Meets “Proficient” criteria, and
examples provided establish a
robust context to explain the
connection
(100%)
Explains how research is
connected to own research and
provides specific examples to
support response
(90%)
Explains how research is
connected to own research, but
examples do not provide
adequate support, or
explanation is illogical
(70%)
Does not explain how research
is connected to own research
(0%)
3.17
Research Questions:
Questions
[ECO-510-01]
Meets “Proficient” criteria and
demonstrates an acute
awareness of the time frame
the proposed research would
require
(100%)
Provides at least two feasible
research questions that are
related to economic issues
(90%)
Provides at least two research
questions, but one or more are
not feasible for the time frame
of the course or questions are
not related to economic issues
(70%)
Does not provide research
questions
(0%)
3.17
Research Questions:
Defend the Choice
[ECO-510-01]
Meets “Proficient” criteria and
illustrates a sophisticated
explanation in the suitability of
the questions
(100%)
Defends the choice of research
questions, specifically why they
are suitable for an empirical
economic research paper
(90%)
Defends the choice of research
questions, but does not explain
why they are suitable, or
defense is weak
(70%)
Does not defend the choice of
research questions
(0%)
3.17
Data Collection:
Data Sets
[ECO-510-02]
Meets “Proficient” criteria, and
presentation of data sets
demonstrates a professional,
thoughtful approach
(100%)
Locates data sets and provides
the information clearly and
accurately in spreadsheets,
ensuring that they contain at
least four variables
(90%)
Locates data sets and provides
the information in
spreadsheets, but information
lacks clarity, contains
inaccuracies, or does not
contain at least four variables
(70%)
Does not locate data sets
(0%)
6.34
Data Collection:
Variable
[ECO-510-02]
Meets “Proficient” criteria and
makes cogent connections
between the variables, data
sets, and the research questions
(100%)
Identifies how each variable is
related to the research and
explains how the data sets will
help in answering research
questions
(90%)
Identifies how each variable is
related to the research and
explains how the data sets will
help in answering research
questions, but with gaps in
accuracy or detail
(70%)
Does not identify how each
variable is related to the
research or explain how the
data sets will help in answering
research questions
(0%)
6.34
Data Collection: Cite
Data Sources
[ECO-510-02]
Cites data sources accurately
and includes links to the source
of each data set or webpage
that provided the data
(100%)
Cites data sources but with
some errors or does not provide
links to the source of each data
set or webpage
(70%)
Does not cite data sources
(0%)
6.34
Statistical Tests:
Appropriate Test(s)
[ECO-510-03]
Meets “Proficient” criteria, and
justification demonstrates an
insightful awareness of
statistical tests and their uses
(100%)
Determines the most
appropriate test(s) to use to
analyze the data for the
research paper and justifies
selection(s)
(90%)
Determines test(s) to use to
analyze the data for the
research paper, but not all are
appropriate, or justification of
selection(s) is cursory or illogical
(70%)
Does not determine the most
appropriate test(s) to use to
analyze the data for the
research paper
(0%)
6.34
Statistical Tests:
Understand and
Interpret
[ECO-510-03]
Meets “Proficient” criteria and
demonstrates a complex grasp
of the statistical tests
capabilities
(100%)
Describes how the selected
statistical test(s) will be utilized
to understand and interpret the
data
(90%)
Describes how the selected
statistical test(s) will be utilized
to understand and interpret the
data, but description is cursory
or contains inaccuracies
(70%)
Does not describe how the
selected statistical test(s) will be
utilized to understand and
interpret the data
(0%)
6.34
Data Analysis:
Hypothesis
[ECO-510-04]
Develops a clear, testable
hypothesis
(100%)
Develops a hypothesis, but
hypothesis lacks clarity or
testability
(70%)
Does not develop a hypothesis
(0%)
4.76
Data Analysis: Null
and Alternative
Hypothesis
[ECO-510-04]
Meets “Proficient” criteria and
uses industry-specific language
to establish expertise
(100%)
States the null and alternative
hypothesis in appropriate
language based on what is
being tested
(90%)
States the null and alternative
hypothesis, but language is not
appropriate for what is being
tested
(70%)
Does not state the null and
alternative hypothesis
(0%)
4.76
Data Analysis:
Statistical Test(s)
[ECO-510-03]
Meets “Proficient” criteria and
demonstrates an astute ability
to utilize statistical testing
methodologies
(100%)
Performs the statistical test(s)
identified in the previous
section utilizing appropriate
methodologies
(90%)
Performs the statistical test(s)
identified in the previous
section, but not all
methodologies used are
appropriate for the research
(70%)
Does not perform the statistical
test(s) identified in the previous
section
(0%)
6.34
Data Analysis:
Results
[ECO-510-04]
Meets “Proficient” criteria and
demonstrates a complex grasp
of the test results and their
meaning
(100%)
Describes the results of the
tests and how they prove or
disprove the hypothesis
(90%)
Describes the results of the
tests and how they prove or
disprove the hypothesis, but
description is cursory or
contains inaccuracies
(70%)
Does not describe the results of
the tests and how they prove or
disprove the hypothesis
(0%)
4.76
Data Analysis:
Results Help
[ECO-510-04]
Meets “Proficient” criteria and
demonstrates a complex grasp
of the test results and their
meaning
(100%)
Analyzes the results and
explains how they help in
answering the research
questions
(90%)
Analyzes the results and
explains how they help in
answering the research
question, but analysis is
erroneous or explanation is
cursory or contains inaccuracies
(70%)
Does not analyze the results or
explain how they help in
answering the research
questions
(0%)
4.76
Summary and
Conclusion: Answer
Research Question
[ECO-510-05]
Meets “Proficient” criteria and
masterfully synthesizes research
and analysis in response
(100%)
Answers the research questions
based on background research
and data analysis
(90%)
Answers the research questions
but does not utilize background
research or data analysis
appropriately to do so
(70%)
Does not answer the research
questions based on background
research and data analysis
(0%)
4.76
Summary and
Conclusion:
Demographics and
Economic Factors
[ECO-510-05]
Meets “Proficient” criteria and
makes cogent connections
between the factors and the
health issue
(100%)
Determines how demographics
and economic factors impact
the health issue in the research
(90%)
Determines how demographics
and economic factors impact
the health issue in the research
but determination is cursory or
illogical
(70%)
Does not determine how
demographics and economic
factors impact the health issue
in the research
(0%)
4.76
Summary and
Conclusion: Stands
to Benefit
[ECO-510-05]
Meets “Proficient” criteria and
explanation offers a complex
grasp of the widespread
benefits of the research
(100%)
Describes who stands to benefit
from the research findings,
specifically which states,
regions, or demographic, and
explains why
(90%)
Describes who stands to benefit
from the research findings,
specifically which states,
regions, or demographic, but
description is cursory, contains
inaccuracies, or does not
defend response
(70%)
Does not describe who stands
to benefit from the research
findings, specifically which
states, regions, or demographic
(0%)
4.76
Summary and
Conclusion: Improve
Their Efficiency
[ECO-510-05]
Meets “Proficient” criteria and
examples provided illustrate a
sophisticated approach to
improving efficiencies
(100%)
Determines what a government
agency or nonprofit
organization could do to
improve their efficiency of their
activity to combat the health
issue in the research and
provides specific examples to
support determination
(90%)
Determines what a government
agency or nonprofit
organization could do to
improve their efficiency of their
activity to combat the health
issue in the research, but
determination is cursory or
unfounded based on findings,
or examples provided are weak
(70%)
Does not determine what a
government agency or
nonprofit organization could do
to improve their efficiency of
their activity to combat the
health issue in the research
(0%)
4.76
Articulation of
Response
Submission is free of errors
related to citations, grammar,
spelling, syntax, and
organization and is presented in
a professional and easy-to-read
format
(100%)
Submission has no major errors
related to citations, grammar,
spelling, syntax, or organization
(90%)
Submission has major errors
related to citations, grammar,
spelling, syntax, or organization
that negatively impact
readability and articulation of
main ideas
(70%)
Submission has critical errors
related to citations, grammar,
spelling, syntax, or organization
that prevent understanding of
ideas
(0%)
4.86
Total 100%

Leave a Reply

Your email address will not be published. Required fields are marked *