- 1. Search through newspapers or magazine for 1 article that is relevant to the
economic concepts and models learned. The copy of chosen article has to
be attached to your final report.
2. The articles should be published in the last 12 months. (Prefer using United States economy news)
3. Apply the economic models learnt to discuss the economic challenges faced by the economy
concerned and to explain the rationale for the economic policy chosen by the
government to overcome the challenges.
4. illustrate discussion with diagrams and economic models to
enhance the discussion.
5. More marks will be awarded for reports, which provide more comprehensive,
balanced and in-depth analysis with adequate referencing to the economic
concepts and models.
6. The newspaper article will serve as the main focus of your analysed report. However,
your discussion is not restricted to just the content of the article chosen. You are free to
discuss on other relevant information (from other sources) which relate to the main
economic event you have chosen. Do not rely on one source and do compare and
contrast perspectives. For use of internet sources, you should note that there is no
quality control over the information in the web. As far as possible, you should choose
website established by authoritative institutions such as the World Bank or the
respective countries’ government official websites. And avoid Wikipedia definitions!
7. summarise the macroeconomic event in the news article chosen and mention what you plan to discuss in the essay.
8. apply the economic concepts and models (AS-AD, aggregate expenditure model , money market diagram.) learned to show your understanding of the news event.
9. specifically you should identify and discuss
the key macroeconomic challenges faced by the country namely long-term economic growth (of potential GDP ) problem due to business cycle.
causes of the problem
its impact on the society and economy and
the policies implemented by the government concerned to solve the problem (aggregate labour hours, labour productivity, demand side policies, supply-side policies)
draw the economic models to illustrate the discussion of the economic problem and the government policies.
a conclusion highlighting the key points and arguments in the essay.
2500 words
