+1-415-670-9189
info@expertsmind.com
Explain how this fiscal policy would impact the economy
Course:- Macroeconomics
Length:
Reference No.:- EM13863922




Assignment Help
Assignment Help >> Macroeconomics

Project Task:

Open the link:

http://www.reuters.com/article/2012/03/14/imf-emirates-economy-idUSL5E8EE6CY20120314

article: "IMF sees UAE GDP growth slowing to 2.3 % in 2012"

1. Summarize the articles with your own words.

2. Which stage in the business cycle do you think the economy is in?

3. Give two reasons to defend your chosen business cycle.

4. Identify the right fiscal policy that should be followed: contractionary or expansionary.

5. Explain why this fiscal policy should be used.

6. Explain how this fiscal policy would impact the economy.

7. Analyze how the information provided in the article will impact the macroeconomic indicators. You should use two indicators: output and unemployment in your analysis.

8. Follow the below instructions within your writing the project.

Working Guidelines for Term Project:

A. Project Structure:

It is recommended that your project report have the following structure in the order provided here.

1. Title page

The students' details should be filled in the cover letter provided.

2. Abstract / Executive Summary

The Abstract consists of the project title and about half a page concise summary containing the scope and results of your study.

3. Acknowledgements

In this part, you award thanks to those who have been of useful assistance during your project.

4. Table of Contents

Table of contents should contain titles and page numbers for the main sections and subsections of your report. The table of contents should also include entries for any appendices in your report.

5. Report Body

This is the central and main part of the project which contains the actual work done during the project. The main requirement is that you need to structure the report so that it is clear and structured in a way that makes sense. Grammar and spellings count.

6. Conclusions

The project's conclusions should list the things which have been learnt as a result of the work you have done.

7. Appendix

Appendices should be used for all additional supplementary materials. For example: survey data, interview summaries, diagrams or graphs. Individual appendices are lettered (e.g. Appendix A, Appendix B, etc.)

8. References

You are responsible for appropriately citing material and methods that you use. Give references for the data collected from a text book, a magazine or a website identifying its sources while using the appropriate form. In the references section, references should be in a numbered list, ordered alphabetically by the last name of the first author.

Answered:-

Verified Expert


Preview Container content

Abstract:
In this paper, we have highlighted the economic conditions of the UAE economy past GFC where there was fiscal expansion to bring the economy back out of recession. This has brought the economy back on recovery path and reduced its dependence on the oil sector alone as its major contribution to GDP which has reduced to the extent of 25% from above 60%. The policy makers have shifted their focus from fiscal expansion to one of fiscal consolidation which is argued against in this paper.

Table of Contents:
Abstract: 2
Table of Contents: 2
Introduction: 3
Summarizing the article: 3
Business cycle in UAE: 3
Business Cycles Phases: 4
Two reasons that UAE is in recovery stage: 5
Expansionary fiscal policy effects on employment and output: 6
Fiscal Expansion: what it is? 6
Consequences for Demand and Output 7
Impacts on Employment 7
Long-Run Fiscal Contraction 7
Recessionary Gap 8
What is happening in UAE? 10
Conclusion: 11
References: 12

Introduction:
This paper discusses the article “IMF sees UAE GDP growth slowing to 2.3 % in 2012” and analyses the current policies of the UAE government during the years since the global financial crisis. This paper has many parts which introduce the debt crisis that affected UAE’s economy during the GFC, the initiative took by the UAE government and monetary authorities, the current business cycle of the UAE in 2012 and the later years, and whether the contractionary fiscal policy adopted by the UAE in 2012 is apt at for the business cycle and the effect of the contractionary fiscal policy on macroeconomic indicators of UAE namely output and employment.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Macroeconomics) Materials
Aaron Hank is a star hitter for the Bay City Baseball team. He is close to breaking the major league record for home runs hit during one season, and it is widely anticipated
Are retail gasoline prices essentially equilibrium prices? Why or why not? In most markets, are prices typically at the equilibrium? Why or why not? What might keep prices f
Due to rising unemployment , bike sales are rising across the USA. The bike industry estimates that , all else equal, a 1% fall in average income leads to a 1.5% increase i
Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications th
A company in a competitive market must accept the market price, but a monopoly can set a price that maximizes its own profit. Explain giving consideration on the elasticity
Please Analyze the supply and demand of goods or service of Subway restaurant, think what your Subway produces. Determine some things that would change the demand for their pr
The price per unit remains $7.50 in both scenarios. Does the labour analyst's argument hold? Explain why or why not, and use data to prove your point. (Hint: calculate tot
Ross Perot added his memorable “insight” to the debate over the North American Free Trade Agreement (NAFTA) when he warned that passage of NAFTA would create a “giant sucking