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The introduction summarize the macroeconomic event in the news article chosen and mention what you plan to discuss in the essay.
· Apply the economics concepts and models (AS-AD, Aggregate Expenditure Model, Money Market Diagram) learned to show your understanding in the news event.
· Specifically, you should identify and discuss:
o the key macroeconomic challenges faced by the county namely long-term economic growth( of potential GDP) problem and/ or short-term recessionary or inflationary problem due to business cycle.o Causes of the problemso Its impacts on the society and economy ando The policies implemented by the government concerned to solve the problem (aggregate labour hours, labour productivity , demand side policies )
· Draw the economic models to illustrate the discussion of the economic problem and the government policies.
· A conclusion, highlighting your key points and arguments in the essay.
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