AMEM: Presentation 1
Tomas Motl, Course for Masaryk University, Spring 2025
What is this chart?
We will analyze the economy of Azerbaijan.
Why?
unknown to you
simple to analyze
distinct features, enough difference from standard QPM (Czech economy fits QPM quite
well)
Goal of the presentation
Describe economy of Azerbaijan before the oil price shock in 2014 and determine in which
ways the Azeri economy does not fit the simple QPM assumptions.
Do not analyze 2015 and further (yet).
Points to focus on:
We want to find out which assumption of the QPM are wrong and what we need to change.
what was the main driver of macroeconomic variables (GDP, inflation, nominal exchange
rate, real exchange rate)
what happened to real exchange rate in 2005-2014? Why?
what was the key source of foreign income? Borrowing, exports (which commodity?),
remittances?
Analyze the balance of payments. If you are not sure what the balance of payments
shows, read about it here.
what was the monetary policy regime? Exchange rate regime?
Format
Approximately 10-15 slides.
No need for too much text.
Use charts where appropriate.
You will not present, I will make a digest of your presentations for the next block.
Sources
Central Bank website: https://www.cbar.az/home?language=en. Do not trust everything they
say, be critical. Things have changed since 2014, but not too much.
Wiki: https://en.wikipedia.org/wiki/Economy_of_Azerbaijan
Study Materials -> Doplnkove materialy:
Google
IMF Report from 2014 - helpful to read, but beware that the report is mainly concerned with
issues as of 2014. The presentation is concerned with the way economy works (worked)
over long period of time.
Azerbaijan screening report - internal OGR material, lots of charts you can examine to help
you understand the economy. Use just the charts that show evolution of the key variables.
Deadline
???, 8pm.
Send via email.
FEEL FREE TO ASK QUESTIONS!