Policy analysis and economic recommendations.

ECN 1201 Principles of Macroeconomics

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Task

Step 3: Economic Analysis

Using the concepts covered in the course you need to analyze the macroeconomic data for your Country and identify the following:

- Identify and explain trends in the major macroeconomic indicators (GDP growth rate, GDP per capita, unemployment, inflation)
- Identify and explain trends in the budget balance, trade balance, and interest rates
- Identify and explain trends in the Labour market and/or important industries for your country
- Identify and explain what phase of the business cycle your county is in

You need to support all of your findings with data and/or graphs. You can source tables and graphs from the internet or create your own.

Step 4: Policy Recommendations

Assume that your country has similar economic goals to Canada such as:

- Economic growth
- Increased productivity and growth
- Price stability
- Full employment
- Stable currency
- Reduced public debt
- Equitable distribution of income

Considering these goals and your findings in Step 3, make economic policy recommendations for your country. Your recommendations can include:

- Fiscal policy (government spending and taxation)
- Monetary policy (money supply and interest rates)
- International trade (comparative advantages, trade agreements/protections)
- Currency strategy
- Government programs (education, immigration, what industries to invest in, etc...)

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