Title : Impact of Oil Price Fluctuation on GDP Growth in GCC Countries

Introduction: in this part, the group should explain the importance of the chosen topic and summarize the contents of the project.

Theory: This part must contain a theoretical analysis of the topic using the economic theories/tools/models developed in ECON 112.

oExample: You may choose to use the AD-AS model to show the impact of oil price shocks on economic growth in the short run and long run.

Application: in this part, you have to introduce a case study that is linked to the economic theory/model you used in the previous part.

oExample, you should discuss how oil price fluctuations affect GDP growth in specific oil exporting (or oil importing) country(s). This can be done using specialized articles written by economists about the topic of interest, collecting and analyzing basic data on oil prices in the last 15 to 20 years, and link this data to the main macroeconomic indicators of a given country(s) such as economic growth, inflation, and unemployment.

Conclusion: in this part, you should summarize the main findings of the project and convince the reader that you have tackled the topic in a scientific manner.

References: all references should be listed.