This report is about an analysis of the economy with reference to some macroeconomic issue or some economic policy. You are to choose a major macroeconomic policy issue facing a country, compare it with another country where there is no such problem or where there has been a great policy response to the issue. You will compare the two economies and write a report (using the example of success economy) that can be used as a policy briefing paper by a senior decision-maker in either govt. or business providing recommendations to the other economy. Steps:

1. Select 2 research papers choosing 2 different countries published in refereed journalsrelated to topics studied in MACROECONOMICS in this unit.

2. It is strongly recommended that your research papers should be based on two different countries e.g. if you plan to do research on monetary policy, you may select an article based on Australia and another one on China, U.S., U.K., Japan etc. To give your report a global perspective, you will be making a comparative analysis of the economy being chosen to deal with the current issue with some other economy. An example can be, monetary policy as a very effective tool in a country like Australia and monetary policy not so effective as a tool in a country like Zimbabwe. In this example, you are comparing a success story of an economy with an economy that has failed and providing recommendations to the failing economy. A great topic could also be the recent global pandemic due to COVID-19 and how two different economies deal with the crisis using macroeconomic policies.

3. The report should have sections such as (1) short introduction (2) critical review for first article (3) critical review for second article (4) a comparative analysis of both the articles and (5) conclusion and recommendations based on the analysis followed by a reference section.

4. Also, attach a one page executive summary at the beginning of your report- this is optional.

5. The approximate length of the report is aroundtwo thousand words.

6. Provide references with links

Total Marks 35.

The score is allocated as follows:

1. Critical review of article 1 = 5

2. Critical review of article 2 = 5

3. Comparative Analysis of both the articles for two different countries = 10

4. Application of theory to the analysis = 10

5. Conclusion and recommendations = 5 Total = 35