country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Question:

Discuss about the  Macroeconomic Events.
 
 

Answer:

Introduction

It is true that, macroeconomics events take place around us each and every day. These macroeconomics events reflect the economy of the nation in which we survive.  Moreover, various economy-wide events such as: GDP (Gross Domestic Product), inflationary economy, recessionary economy, fiscal policy, monetary policy, price levels, national income, etc. occur  in the area of macroeconomics. Along with this, for this research essay, I would like to select an article “The Economic Recovery: Past, Present, and Future” by John C. Williams to discuss the macroeconomics events, economic models, and concepts in an effectual manner. Moreover, this essay would be valuable to show relation between the macroeconomics events, models, and concepts of the U.S. economy.

Suitable Economic Concepts and Models to Analysis the Article

In the context of the economy, numerous economic and model are used to analysis an article related to economy.  This research article mainly emphasizes on the macroeconomics events such as: GDP, inflation, recession, fiscal policy, and monetary policy that occur around us every day (Lipsey & Chrystal, 2011). Along with this, the economics concepts and models for example Expenditure Model, ASAD, and Money market diagram are very suitable to analysis the macroeconomic events of the article effectually. These all the economic models and concepts measure the economy of a nation accurately. The expenditure economic model is an effective model to estimate the GDP of the nation (Paulsen, & Toutkoushian, 2006). This model involves all the major factors such as: investment, consumption, government spending, exports, and imports to recognize the actual position of the economy of a particular nation.  

On the other hand, AD-AS (Aggregate Demand and Aggregate Supply) model is an effectual macroeconomic model that determines real GDP as well as price levels in both short and long run.  Along with this, the model also envisages the effects that various macroeconomics events will have on two important variables: real GDP as well as the price level of the economy of a nation. Moreover, the ADAS model measure the GDP rate, unemployment rate, and inflation fluctuations that exist in the economy of a nation. So, it is also an effective economic model that is valuable to analysis macroeconomics events properly (Michl, 2015). In addition to this, Money market model/diagram is an economic model that estimates the monetary and fiscal policy of a nation effectively. The model is also helpful in order to describe the supply and demand for money of a nation. This model also estimates the Real GDP, Interest Rate, and the Price Level of the nation. As a consequence, the above discussed are the economic concepts and models that would be appropriate to analysis the article effectually.

Summary of the Article   

In this article, the author John C. Williams talks about the U.S. economy. The author also explains the major steps that the government of the nation has adopted and implemented to boost the economy of the nation. Along with this, in the research article, the author converses about the macroeconomic events such as: GDP, inflation, recession, fiscal policy, and monetary policy occurred in the economy of the nation. The major subject of concern is GDP of the nation. The author shows the impact of recession on the GDP of the nation (Williams, 2013). In this article, it is clear that, the U.S. economy is well into a period of continuous growth. But, after the five years of the recession, real GDP   had not returned to somewhere it had been prior to the recession. The below diagram is helpful to show the cumulative changes in the real GDP of the nation:

(Source: Williams, 2013).

On the other hand, the author says that there are numerous economic factors those are influencing the rapid growth of the real GDP of nation. For example, business uncertainties, unemployment rate, poor response of the government, insecurity about the economic policy, and so on are economic factors those are creating trouble in the improvement of the GDP of the nation. Moreover, fiscal policy of the nation also pulled the economy since the beginning of the collapse (Williams, 2013). So, in this news article, the author only talks about the macroeconomic events that occur in the economy of a particular nation.

 

Macroeconomics Challenges Faced By the Country

On the basis of the selected news article, there are lots of macroeconomic challenges that are faced by the nation. For example, the biggest challenge is related to the GDP of the nation. The real GDP is not increasing as desired by the government of the nation. Moreover, economy uncertainty is also the other challenge in front of the nation. Increased unemployment rate, as well as interest rate is another macroeconomic challenge faced by the country. Also, feeble monetary policy and fiscal policy are the other challenges that exist in the economy of the nation (Williams, 2013). On the other hand, if we talk about the causes of these macroeconomic challenges or problems then we will only find recession in the root. Recessions are never pleasurable, but this one (recession 2008) was particularly harsh for the economy of the nations. So, just because of the recession, the economy has not recovered as fast as expected.

Along with this, these macroeconomic challenges not only influenced the economy of the nation; but also influenced people and society of the nation. The increased unemployment rate and decreased income level created troubles in front of people. The standard of living of people has been declined just because of the macroeconomic challenges faced by the nation. Moreover, these problems also influenced the economic policies developed by the government to solve the macroeconomic issues. During the recession, the government lobbed a critical lifeline to the economy and responded vigorously. These all the things played critical roles to increase the macroeconomic challenges continuously.

Linkage between Macroeconomic events and Economic Concepts & Models

There is a strong relationship between macroeconomic events and economic concepts/models. It is because of economic concepts/models are analytical tool that are only planned to portray the operations of the economy of a nation (Tucker, 2016). Along with this, the economic models play a significant role in order to look at the dynamics of aggregate quantities for example total income, total goods/services, the level of prices, the level of employment, etc. to boost the economy of the nation. In this article, macroeconomics events occurred in the economy of the nation. The absence of appropriate economic models can be considered a major reason of these growing challenges. It is because of recession cannot extremely influence the economy of a nation. If a nation uses economic models properly then recession cannot create macroeconomic challenges in front of nation. There is only need of effective economic models and cooperation of people to boost the economy of a nation (Williams, 2013).

Conclusion

On the basis of the above analysis, it can be said that, macroeconomic events or challenges may occur any time in the economy of a nation. These events influence the economy very badly. Moreover, it is also observed that, economic concepts and models play a major role to improve the economy and to solve the economic problem of nations in an effectual and a more comprehensive manner.

 

References

Lipsey, R., & Chrystal, A. (2011). Economics. UK: OUP Oxford.

Michl, T.R. (2015). Macroeconomic Theory: A Short Course: A Short Course. NY: Routledge.

Paulsen, M. B., & Toutkoushian, R. K. (2006). Overview of economic concepts, models, and methods for institutional research. New Directions for Institutional Research, 2006(132), 5-24.

Tucker, I.B. (2016). Macroeconomics for Today. USA: Cengage Learning.

Williams, J.C. (2013). The Economic Recovery: Past, Present, and Future. Retrieved From: https://www.frbsf.org/economic-research/publications/economic-letter/2013/july/economic-recovery-past-present-future/

Download Sample

Get 100% money back after download, simply upload your unique content* of similar no. of pages or more. We verify your content and once successfully verified 100% value credited to your wallet within 7 days.

Upload Unique Document

Document Under Evaluation

Get Credits into Your Wallet

*The content must not be available online or in our existing Database to qualify as unique.

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Macroeconomic Events. Retrieved from https://myassignmenthelp.com/free-samples/macroeconomic-events.

" Macroeconomic Events." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/macroeconomic-events.

My Assignment Help (2018) Macroeconomic Events [Online]. Available from: https://myassignmenthelp.com/free-samples/macroeconomic-events
[Accessed 15 July 2020].

My Assignment Help. ' Macroeconomic Events' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/macroeconomic-events> accessed 15 July 2020.

My Assignment Help. Macroeconomic Events [Internet]. My Assignment Help. 2018 [cited 15 July 2020]. Available from: https://myassignmenthelp.com/free-samples/macroeconomic-events.


For years now, MyAssignmenthelp.com is providing affordable essay help to millions of students worldwide. Our essay assistance services have helped us in assisting students with even the toughest essay assignments. We take pride in the fact that we cater the best assistance to search terms like help me with my essay. We offer affordable services in the fastest way possible. For our fast delivering services, students trust us with their urgent essay assignment needs. Two of our most popular essay writing services are maths essay help and English essay help.

Latest Economics Samples

ECON6000 Economic Principles And Decision Making

Download : 0 | Pages : 7
  • Course Code: ECON6000
  • University: Laureate International Universities
  • Country: United States

Answer: Introduction: The aspect of demand elasticity is one of the crucial aspects in decision making of any business. Demand elasticity indicates the extent of change in demand proportion following a change in different demand determining factors. Demand and hence sales of a business responds the most for a change in own price of the product, income level of buyers and price of its competitor’s product (Carbaugh, 2016). The different ...

Read More arrow

SBLC4004 Economics For Business Specification

Download : 0 | Pages : 11
  • Course Code: SBLC4004
  • University: University Of Wales Trinity Saint David
  • Country: United Kingdom

Answer: Introduction The analysis of housing market of UK is an interesting aspect for several reasons. Housing market in UK holds a pivotal position in the economy. As compared to other European nations UK has a much higher owner occupation rate. In 2011, UK’s owner occupation rate was 70% as compared to a rate of 45% in Germany and 56% in France. The housing price in UK has constituted a steady upward trend in the last few years. The ...

Read More arrow Tags: United Kingdom London Management Business & corporate finance University of London 

ECF3120 Consumer Economics

Download : 0 | Pages : 7
  • Course Code: ECF3120
  • University: Monash University
  • Country: Australia

Answer: Background of the study The topic for the proposal is the apparel consumption in Australia. The rise in online apparel retailing is taking away the profits of the local retail apparel shops in Australia. The apparel retail comprise of the sale of women’s, men’s and infant’s wear. The revenue growth from the online retail business is about 15.1 percent which is a threat for the local retailers as customers are shiftin...

Read More arrow Tags: Australia 6 Consumer Economics Monash University 

HI5003 Economics For Business 34

Download : 0 | Pages : 3

Answer: 1. (A) Name of point B is inefficient. Name of point A is efficient. Name of point D is unattainable. 10 units of machinery is the opportunity cost of producing 10, 000 more tons of rice when the economy of Nepal is operating at point T. (B) (B1) Discovery of fertilizer would increase the output of rise given the amount of other things will take the economy of Nepal to PPF2. (B2) Discovery of steel would increase the production of ...

Read More arrow Tags: Australia 6 economics for business Holmes Institute 

POLI1095 Evidence Policy And Practice

Download : 0 | Pages : 6
  • Course Code: POLI1095
  • University: Royal Melbourne Institute Of Technology
  • Country: Australia

Answer: Impact of COVID-19 on the Australian economy Australia is renowned as the fourteenth largest economy in the world that has the total Gross Domestic Product of about 1.69 trillion Australian dollars in 2019. It follows a mixed market economy which is one of the most developed in the world. The economy has already faced an economic loss due to the bush fire that took place in the beginning of 2020 and had been struggled to balance its e...

Read More arrow Tags: Australia 6 Evidence  Policy and Practice Royal Melbourne Institute of Technology 
Next
watch

Save Time & improve Grade

Just share Requriment and get customize Solution.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,362,109

Orders

4.9/5

Overall Rating

5,082

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

230 Order Completed

97% Response Time

Liya Han

Master Of Science in Geotechnical Engineering (MSc Geotec)

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2115 Order Completed

97% Response Time

Kimberley Chen

MPA in Accounting

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

2594 Order Completed

95% Response Time

Michael Johnson

Masters of MSc in Economics

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

184 Order Completed

96% Response Time

Arapera Billing

Masters in Management, MMgt

Wellington, New Zealand

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

hello I am very satisfied with the work you did for me. I will not hesitate to take your services again for future assignments, proudly recommend... please review your price for returning customers

flag

User Id: 457107 - 15 Jul 2020

Australia

student rating student rating student rating student rating student rating

Thanks to this expert in following closely on the assignment structure. Appreciated it :)

flag

User Id: 415901 - 15 Jul 2020

Australia

student rating student rating student rating student rating student rating

Great work! I am very pleased with my outcome. It was was easy to understand, yet consistent with the business quantitative method lingo in answering the questions.

flag

User Id: 383727 - 15 Jul 2020

Australia

student rating student rating student rating student rating student rating

thank you for the good work progress, really like how it\'s done and on time submitted to me

flag

User Id: 225590 - 15 Jul 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?