"HOW DOES LEBANON OF TODAY COMPARE TO 5 YEARS AGO?"

Step 1.Youwill choose a 5-6 year period, between 2010 and 2020 for the economy of Lebanon.The first step is to learn something about the economy in that time period. Check out an economic history textbook, search for articles for the period on governmental websites, and check back issues of newspapers and magazines for what people were saying during your time period (Collect all references!).At a minimum, gather the following sets of data for your time period.Consider an economy of Lebanon characterized by the following facts:

1. Unemployment Rate
2. Real Interest Rate
3. Real GDP
4. Consumption
5. Investment
6. Government Spending
7. Export
8. Import
9. Budget deficit

Part 2.A next step is to locate macroeconomic data for the time period. At a minimum, gather the following sets of data for your time period.Consider an economy of Lebanon characterized by the following facts:

1. Unemployment Rate
2. Real Interest Rate
3. Real GDP
4. Consumption
5. Investment
6. Government Spending
7. Export
8. Import
9. Budget deficit

Using a spreadsheet program (Excel, SPSS, etc.), shows data in table, identify each component and its value for particular year and then plot each of the data series separately (the data series on the vertical axis, year on the horizontal). Include a brief description of what the graph shows and full explanation of each macroeconomic variable.

Part 3.Next step, regress GDP function of Lebanon, byusing your favorite spreadsheet software. Compute the GDPfor 2021, assuming that the economy grows/declines at thegrowth rate_______________ in 2021 year. You should identify estimated growth rate based on your research (don't forget to mention references! ) Provide full explanations and supporting calculations. Which components of GDP are statistically significant and which ones are not?

Part 4.Written Component. After collecting and graphing the data, and learning something about the period, use the models developed in class and in the textbook to analyze the important economic happenings. Explicitly discuss which models are most appropriate and what they say about economic change in your time period. What are relationships between these components? You need to decide for yourself the appropriate model for you time span. Use the models to explain economic changes occurring during your time period. Draw the appropriate graphs and include a text analysis of how and why the curves shift.

Based on your analysis, identify appropriate way (tools) to boost the economy of your country (fiscal/monetary policy). Carefully explain your point of view.