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“Empirical coursework on macroeconomic policies”
Part 1 (30%) Consider an economy where the level of production (Y) is not at the natural level (Yn), that is, an economy in which Y≠Yn. Using the AS/AD model, explain what will happen next and suggest a monetary and/or a fiscal policy to adjust output and analyse the effect of this policy on price level and employment.
• Do not use more than one (out of 3 max) page for this
• Use one or two graphs (out of 4)
Part 2 (70%) Find, collect, present and analyse data from the United Kingdom or France or Italy or the Netherlands or Germany or Belgium or Spain that as perfectly as possible illustrate your Part 1’s answer by identifying and describing two occasions (each covering about 2 to 5 years) anytime since 1950 in which such adjustment process took place.
Format
Word limit: 1000 words
Times New Roman 12pt double-spaced paragraphs PLUS 2 (two) additional pages, not more:• one page containing a maximum of 3 tables
one page containing a maximum of 4 graphs
(consider landscape not portrait)
make sure references to data sources are given (website links for data)
optionally, you may cite bibliographic references. If you do, please list them at the end (articles, books, etc.), that is, after the text and before tables/figures they do not count against word limit do not use footnotes/endnotes
Part 2 (70%) Find, collect, present and analyse data from the United Kingdom or France or Italy or the Netherlands or Germany or Belgium or Spain that as perfectly as possible illustrate your Part 1’s answer by identifying and describing two occasions (each covering about 2 to 5 years) anytime since 1950 in which such adjustment process took place.
“Find, collect, present” You can choose any ONE of these seven, you cannot choose any other country
Quarterly data will give you a better picture but you can also use annual data to show adjustment (industrial production in quarters instead of GDP annually)
Once you chose the country, you need to choose the two occasions, events, time windows, very very carefully
Both need to illustrate Part 1 as perfectly as possible
(e.g, “time windows” including crises are less “perfect than possible” or than other windows)
“Find, collect, present and analyse”
One hypothetical example of a choice of time windows: West Germany 1981-84 and West Germany 1963-65

Type of service: Math/Physic/Economic/statistic Problems
Type of assignment: Research
Subject: Not defined
Pages/words: 1/275
Number of sources: 0
Academic level: Undergraduate
Line spacing: Double
Language style: UK English