ECN*101 Macroeconomics Research Project
Each student will select a non-U.S. economy to study, utilizing the tools of macroeconomic analysis developed throughout this course. Information sources will be explored and recourse to library and online materials will be required. Progress reports will be expected during the semester, with a final written document to be submitted along with a brief verbal presentation to the class in the final week prior to final examination.
Scope of the project
The project is intended to examine three important elements of the selected macro economy:
1) Gross Domestic Product, including its composition, and growth over time. The basis for income generation in the selected economy, such as resource endowment, factor productivity, saving and investment performance, and constraints to growth will be investigated.
2) The monetary system, focusing on development of the banking system, the role of the central bank, and the central bank’s influence on the level of prices. Interaction of the monetary system with the government’s fiscal policy, including government indebtedness will be highlighted.
3) The external Sector, encompassing the balance of trade and financial flows between domestic and foreign entities. The role of foreign exchange reserves, currency valuation, and the international investment position will be examined.
The project will require a Summary and Conclusions, drawing on the preceding analysis to illustrate the central theme(s) behind the selected economy’s successes and challenges in providing an improving welfare for its citizens.
Your Professor
David Maslin
Office Hours: after class, by appointment
860-690-8269
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