Macroeconomics events occur around us every day. This assignment aims to provide an association between what you learn from economic models and concepts in class with real-life events happening around you.
Search through newspapers for ONE article that is relevant to the economics concepts discussed in class. This article will provide the focus of your discussion. You are also required to attach this article to your final report. You may also choose other news articles and reports to help you in discussing the news event concerned.
News events that you may consider include events relating to Gross Domestic Product (GDP), inflationary economy, recessionary economy, fiscal policy, and/or monetary policy.
Summarise the article first. Analyze the article and identify the linkage between the economic models and concepts you have learned in class with the discussion in the article.
Where applicable, draw diagrams to support your discussion. Your report should be about 1,200 words (+/- 10%), inclusive of the summary.
More marks will be awarded for reports which provide more detailed discussion and in-depth analysis with adequate referencing to the economic concepts and models.
Your written assignment may follow the format guidelines below:
- In the introduction, summarise the macroeconomic event in the news article chosen and mention what you plan to discuss in the essay. (100 words)
- Identify and discuss the economics concepts and models that will be suitable for analyzing the news article (300 words).
- Apply the economics concepts and models identified to show your understanding of the news event. Specifically, you should identify the key macroeconomic challenges faced by the country, causes of the problems, its impacts on the society and economy as well the policies implemented by the government concerned to solve the problem. (700 words).
- A conclusion, highlighting your key points and arguments in the essay. (100 words)
