Hypothesize how the four functions of money would be missed, ECO 316 Financial

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The Day the Machines Went off

In your introduction, briefly describe the plot of a disaster movie in which an electromagnetic pulse causes the shutdown of all electronic equipment and financial activity to grind to a halt. 

Then, using what you have learned during the course, from the text readings, and from scholarly sources, forecast the effects of such an event on financial institutions and the economy using the following prompts as a framework:

  1. Hypothesize how the four functions of money would be missed. 
  2. Explain what the immediate effects would be on:
    1. the rationing of goods, 
    2. employment, 
    3. demand for paper money. 
    4. demand for commodity money (e.g., gold), 
    5. production of goods and services 
  3. Speculate what emergency measures might be enacted to keep the economy running in lieu of having an organized banking system. 
  4. Identify and justify any incidents from history that tell us what we might expect if an electromagnetic pulse actually caused the shutdown of all electronic equipment and financial activity to grind to a halt. 
Writing the Final Paper

The Final Paper:

  1. Must be eight- to- ten double-spaced pages in length (not including the title and reference pages), and formatted according to APA style as outlined in the approved APA style guide. 
  2. Must include a cover page that includes:
    1. Title of paper 
    2. Student’s name 
    3. Course name and number 
    4. Instructor’s name 
    5. Date submitted 
  3. Must begin with an introductory paragraph that has a succinct thesis statement. 
  4. Must address the topic of the paper with critical thought. 
  5. Must end with a conclusion that reaffirms your thesis 
  6. Must use at least three scholarly sources, including a minimum of one from the Ashford Online Library, in addition to the text. 
  7. Must document all sources in APA style, as outlined in the Ashford Writing Center. 
  8. Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center 

Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.

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