The report should comprise commentaries of news article. It is to apply knowledge of economic theory and concepts to real-world situations.
Choose an articles from (newspaper, journal, magazines, or the Internet). Use articles that are published recently (within the last 2 months).
Suggested format for the commentaries:
i. A short paragraph to summarize the key issue of the article.
ii. Identify and briefly explain the key concepts used. Define key economic definitions used.
iii. Application of concepts/principles/theories to the key issue. Use diagrams, quotes and phrases from the article to highlight key issues.
iv. Implications and economic insights – any problems caused, possible solutions, effects or costs of the problems.
v. Evaluation – own viewpoints. Any alternative explanation or reasons. Do you agree with the author? Is the argument made in the article sound or convincing?
vi. Append the article to the commentary.
Report should cover at least 2 of below topic:
-Macroeconomic Issues: Unemployment and Inflation
• Inflation and Consumer Price Index
• Demand-pull inflation
• Cost-push inflation
• Government Budgets
• Fiscal policy and the AD-AS Model
• Limitations of Discretionary Fiscal Policy
• Automatic Stabilisers
-Money and Banking
• The Functions of Money
• Official Measures of Money
• The Banking System
• The Functions of a Central Bank
• Money Creation Process and the Money Multiplier
• The Market for Money
• Money Market Equilibrium
• Monetary Policy Objective and Framework
• The Conduct of Monetary Policy: Tools
• Monetary Policy, Real GDP and the Price Level
• Limitations of Monetary Policy
Preferred language style US English