this assignment, be on the lookout for news that interest you. Accordingly, identify 5 news items. The news
items could be current or could be historical.
You may also use individual private situations that you are familiar
with. The only thing is that the news
and or the situation must be macroeconomic related. In other words, Federal Reserve decisions,
government spending, inflation, unemployment, government debt, taxation, etc.
are acceptable macro issues but someone’s purchases, labor disputes, pricing
strategies, healthcare, education, etc. are (normally) not since they are micro
the following format:
NEWS: STATE THE
Source: PROVIDE THE SOURCE AND DATE
explanation part, try to explain the news.
What it is, how did it happen, and why is it happening. You may not be able to fully answer all these
questions, but try. Go beyond the news and see the situation from an economist’s
perspective. You may give a very brief
background or description. But you do
not need to rehash the news and the details. This is not a research
project, you do not need to get deeply
involved with the opposing sides (if any) or the debate. Just simply explain the news by reaching into
your “economics tool bag” and apply them to the situation. I want YOUR understanding of the
situation! Each news analysis should be
about 250 words.
As an example
let’s assume that you heard that the Federal Reserve is buying government
securities. State the source and
date. Then in the explanation try to
explain what is being proposed, how it will be implemented, and why it is
suggested. Then, try to analyze the money
market and investment situation after the implementation of this