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write a report that summarizes the state of the economy and its prospects, and that identifies...

write a report that summarizes the state of the economy and its prospects, and that identifies alternative approaches to economic policy.

Here’s an approach you might want to take (but this is not a required outline):

Include some real world, descriptive data.

Assess the state of the economy. Good? Bad? Getting better or worse?

Why? Explain what’s driving the state of the economy.

What are we (our policy-makers) doing?

What could we be doing?

For comparison, you may discuss the situations in other economies.

Use economic theory, e.g., the AD-AS Model. Discuss controversy. What are some alternative approaches? Who do you agree with? Why?

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