Identify one current macroeconomic issue sourced from a newspaper or business magazine that you will use to produce an independent economic analysis.
The media article may be sourced from various online media databases available through the UTS library or the internet. Two popular ones available at the UTS Library are Factiva and NewsBank. Your chosen article should be two pages at maximum.
You should use the following headings in your media analysis. If you wish to use some sub-headings in Section 2 (Economic Analysis), this is fine.
Introduction – Your introduction should provide a summary of the macroeconomic issue, highlighting the key points and the main economic concepts that are relevant to your chosen. (Suggested word count – approximately 150 words)
Economic Analysis – The economic analysis should consist of an evaluation of the key issues referred to in the article and how these can be explained using the theoretical model that we covered in class. Analyse any scenarios described in your article (if appropriate) by applying the economic models covered in Modules 5 and 6. You should illustrate, where possible, the use of any economic models to explain what is happening in the article. If your article discusses a proposal being considered by a government, industry or organisation, then your economic analysis can include some scenario outcomes which you can potentially integrate into your theoretical framework. (Suggested word count – approximately 650 words)
According to a recent article in the Financial Times, global inflation has surged to its highest level in over a decade, as the pandemic continues to disrupt global supply chains and drive up prices for everything from commodities to consumer goods.
This inflationary pressure has been particularly pronounced in developed economies such as the United States and Europe, where governments have injected trillions of dol
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My independent economic analysis will focus on the causes of this inflationary pressure, its potential impact on the global economy, and the policy options available to governments and central banks to address it. I will examine the various factors contributing to rising prices, including supply chain disruptions, labor shortages, and increased demand from consumers and businesses. I will also explore the potential consequences of sustained inflation, such as reduced purchasing power for consumers, higher borrowing costs for governments and businesses, and increased pressure on central banks to tighten monetary policy.
Finally, I will consider the policy options available to governments and central banks to address inflation, including fiscal and monetary policy interventions, supply-side reforms to boost productivity, and efforts to increase the supply of key goods and services. By conducting this independent economic analysis, I hope to gain a deeper understanding of the challenges and opportunities presented by the current inflationary environment, and to develop informed insights into the future trajectory of the global economy.