Identify two or more recent negative macroeconomic events that have affected a country of your choice. For example, these events could have been a drop in consumer confidence, increase in the price of oil, change in monetary policy, falling house prices, etc. Find out what has been reported on these events in articles in newspapers such as The Economist, Wall Street Journal, Globe & Mail, Financial Post, etc.

Required:

Using the AS-AD model and your knowledge of the workings of the labour market, prepare a report that includes the following:

1. a brief analysis of the economic condition of the country of your choice

2. a description of the events and their effects on the main macroeconomic aggregates (i.e. inflation, unemployment, and output)

3. an evaluation of the extent to which the AS-AD model and your knowledge of the labour market sheds light on what is happening in that country’s economy because of the macroeconomic events you identified (You may use diagrams, if necessary, to supplement your answer.)

4. Using your knowledge, propose what you think will think will happen to this country’s economy in the short run and medium run. State assumptions you make and any limitations of your assessment.

This is very important paper for me in course Econ 2480. Please follow the steps of requirement 1 to 4 and use high level analysis of AS-ADmodel. Because if some analysis are too easy or superficial, I will not get high mark. Also, please find the negative marcoeconomic events by yourself. I have an exam recently and do not have time to do research, that is why I want you to help me write this paper. Many thanks.

So please showing profound insight into the macroeconomic events affecting the country of interest; expressing closely argued and original ideas with superb communication skills; demonstrating complete mastery of the AS-AD model integrated with an appropriate analysis of the labour market. Appropriate use is made of material outside of the textbook. Sources are cited correctly and the answer is within the page limit. Such answers are only rarely encountered.

The paper should be 2 to 3 pages in length excluding references, tables, and diagrams. It should be typed, double spaced, 1 inch margins all around, and no more than 12 point font. Please follow University of Chicago Style for format and references. Remember that you should express ideas in your own words, including those from the textbook. You should cite all sources that you use to support your answer.