Venezula Economics
Country Venezuela. Now go to www.tradingeconomics.com or to some other website to get your data. You will be writing up a report on the economy of your country and what you recommend for fiscal and monetary policies for your country to improve their economic situation. You probably should discuss what they have been doing in the last 10 years, what has been going on in the country regarding economic variables, and if they should change policies. You replace LaLa Land with the name of your country. You provide 10 years of annual data instead of three and replace the xxx with actual data on inflation, unemployment, and economic growth.
You can also show other data such as Government spending, Tax collections, GDP, money supply and perhaps other economic variables by year for 10 years. You can choose to present much of the information graphically if you wish. Suggest some combination of fiscal and monetary to improve the economic situation for your country and explain what you expect to happen to major economic variables in your country because of your suggested policies. You can start by using the Keynesian model and/or the quantity theory of money model to get expected results. BUT since these models are too simplistic, further explain expected results using the aggregate demand and aggregate supply model.
You can also use a liquidity preference framework or any other more realistic real-world type models that you think better explain what is going on that the simplistic Keynesian or quantity theory models. Your report should be typed and uploaded onto Blackboard when completed. As for length-probably between 3 and 10 pages. You must cite your sources and list references (in any acceptable bibliographic entry form used by journals or as taught at ZU). You can copy graphs and tables from various websites, but you cannot do massive cuts and pastes of text from a website that discusses something like say historical fiscal policy for Zimbabwe for the years 2008 -2018. You are expected to use your own words.
