BAEC2204 Principles of Macroeconomics Assignment

Assignment Help Macroeconomics

Reference no: EM132530541

BAEC2204 Principles of Macroeconomics - Higher college Of Technology

Part A

Read the economic case scenario (attached )and answer the questions based on it:

Question 1. Based on the above economic scenario, describe the fiscal economic policy required to overcome these challenges.

Question 2. As mentioned in the case "We anticipate that government may face a difficult trade-off in the coming months between addressing social concerns, partly arising from weak growth and high youth unemployment, and rising fiscal, external, and funding pressures."

Describe what could be the role of commercial bank to support economic growth in such scenario. Explain with valid reasons.

Question 3. "Oman keeps its currency pegged to the U.S. dollar in an effort to provide more economic stability." What is pegging currency and how Oman can maintain economic stability by pegging the currency?

Question 4. Discuss the monetary policy required to solve the issues as discussed in the article. Explain the steps to be taken by central bank to empower economic activities.

Part B
Read the economic case scenario (attached)and answer the questions based on it:

Question 5. CPI of different products as given in the case is different. Analyze the variation in the inflation rate in various products and explain how it will affect the AD of the economy.

Question 6. Describe how the change in overall inflation affects the employment opportunities. Will it have positive effect or negative effect?

Question 7. "However, the prices of housing, water, electricity, gas, and other fuels fell by 0.33 per cent; transport by 1.83 per cent; communication by 0.26 per cent; and miscellaneous goods and services by 4.78 per cent in December 2019 compared to the same month of the previous year" as mentioned in the case. State what effects it will have on the multiplier?

Part C
Read the attachedtable careful ling and answer the questions given below.

Question 8. Based on the given economic data, do a comparative study of various sectors in terms of its contribution to the GDP. Also explain how it is changing over the years.

Question 9. Suppose you have to choose a particular year as base year for real GDP calculation, explain which year is most suitable. Describe the main characteristics to select that base year.

Part D

Read the attached scenario carefully and answer the question.

Question 10. If we read the case carefully we see that there is a slump in many sectors of the economy due to the pandemic but still the economy may grow at the same phase because of fixed investment. Justify this statement in relation to effect of Investment on the Income of the economy. What effect is this and how it can help Oman's economy.

Attachment:- Principles of Macroeconomics.rar

Reference no: EM132530541

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