Project You can work in a group of up to four people
Due 05.05.2023 via e-mail Only one submission per group
IMPORTANT NOTE: PLEASE COORDINATE WITH EACH OTHER AND
MAKE SURE THAT NO GROUP PICKS THE SAME COUNTRY!
You are asked to write an essay, up to two pages in length. Pick a country (except the US).
Tips:
a) Describe its current state of the Economy using various indicators that we’ve learned
during Macro classes (GDP, inflation rate, unemployment rate, interest rate,
government spending…). You might be able to determine in which part the economy
is doing well and where the real hurdles are. Write a brief discussion of the recent state
of the economy of the country.
b) Analyze the economic indicators during the financial crisis (2007-2010) and during
the pre-crisis period. Using the appropriate graphs and charts show how these indicators
have changed as the crisis hit the country. Show which indicators worsened and which
indicators have improved (e.g. a surprising GDP growth in Poland during the financial
crisis). In addition, document what the government interventions were and comment
on the effect of these interventions on the economic indicators. The interventions can
include an expansionary monetary policy, a tightened fiscal policy or any other types
of policies.
- Provide appropriate figures. For presenting the evolution of an indicator, you might use a
time series plot. Clearly define each indicator that you are analyzing.
- Clearly indicate references to the source of information you are using.
- Rely only on trusted sources! Webpages like Wikipedia and Economics Memes will not
work! You might cite sources, such as academic or non-academic journals or reports (e.g.
OECD reports, The Economist, The Independent, Bloomberg etc.), blogs of professional
economists (Krugman, Stiglitz, Romer etc.).
- Most probably, you will find that there are opposing views regarding the government
actions. Your task is to describe major prevailing opinions, critically evaluate, and provide
your suggestions about the government policy.
- For citing use APA style