Assignment
Question 1
Length: 1600 words.
You are to conduct an analysis of the Gross Domestic Product in Canada. Choose a period of between 1 and 5 years that you find interesting during the last 15 years. Use the Aggregate Demand and Supply Model and your own research to explain the movements in the Gross Domestic Product over this period. Note that data is available from the Trading Economics website and the Bank of Canada's statistics website. Your answer should primarily use the Aggregate Demand and Supply Model but you may also use the Loanable Funds and the FX Loanable Funds Model in your analysis if you deem it appropriate.
Question 2
Length: 900 words
Clearly explain what you believe is a plausible macroeconomic scenario for both Canada's economy and the world economy over the next 5 years. Under this scenario, how would you expect the Gross Domestic Product to change over the next 5 years?
Instructions
1) Your answers should draw on the course material from including both course notes and discussion questions. However, you are also expected to find additional data and literature to support your answers.
2) It is acceptable to include hand-drawn diagrams in your answer. Please include your diagrams in the main body of your answer (not in appendices). Draw your diagram(s) on a plain white sheet of copy paper. Take a photo of it using your smartphone, then insert the image into your Microsoft Word document. You are not required to use software to draw your diagrams.
3) The authors of all ideas and information sources must be acknowledged and fully referenced using either Harvard or Oxford referencing. This includes any references to the course materials.
4) Footnotes is preferable with complete references at the end
5) Use data from the Canada. The crux of the assignment should be around data. The things that drive AD-AS/FX Loanable Funds Model.
6) Pick 4-5 min variables/factors and discuss why they are moving based on the data. Increase decrease shift right shift left etc.
7) Diagrams are a must.