Reference no: EM131510447

1.What is meant by 'global imbalances' and why do some economists regard China, Germany and Japan as being guilty of 'excessive' saving?

2. What are the possible explanations for the Uk's recovery from the financial crisis of 2007-9 being much slower than anticipated?

3. Explain how demographic developments, as well as real economic growth, affect economic wellbeing.

4. In light of post 2007-9 financial crisis period of extraordinary monetary stimulus, what is meant by interest rate 'normalisation' and what might the new normal be?

5. Why have IMF and OECD concluded that rising income and wealth inequality has slowed economic growth?

6. To what extent might aggressive 'quantitate easing' by European Central Bank increase inflation and stimulate economic growth in Eurozone?

7. How might a sustained fall in oil prices stimulate consumption and economic growth in the UK?

8. To what extent have the regulatory and structural reforms of the UK banking sector since the 2007-9 financial crisis made bank bailouts at the taxpayers' expense less likely?

9. Discuss the role capital accumulation and technology growth play in determining the rate of GDP per capita in a country.

10. Using IS/LM analysis, show the likely impact on the UK economy should the BoE raise real interest rates.

11. Compare and Contrast the macroeconomic policies advocated by John Maynard Keynes and Fredrick von Hayek. In the answer, use examples of UK economic policy that you believe was influenced by their economic philosophy.

12. You have been appointed to the position of economic advisor to the office of the Chancellor of the Exchequer. Outline two policies you would recommend to boost UK economic growth. Answer should include a discussion on the potential negative implications of your policy recommendations.