You are required to prepare a short essay (of 700-1000 words) by analyzing the
relationship between macroeconomic indicators of your own interest from the data
provided via blackboard. This is your opportunity to “think like an economist” and to
show how economic analysis can inform our understanding of macroeconomic issues.
Potential Macroeconomic Indicators for Analysis (some of those that we discuss in
? Consumption, Investment, Government Spending and Exports
? Real GDP, Nominal GDP and GDP Deflator
? Consumer Price Index and Producer Price Index
? Unemployment rate and Labor Force Participation rate
? Money Growth and Inflation
? Inflation and Unemployment
Some potential macroeconomic issues for analysis:
? Does higher GDP growth leads to lower unemployment?
? Does higher inflation leads to lower GDP growth?
? Does higher exports leads to higher GDP growth?
? Does higher money growth leads to higher inflation?

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