macroeconomic project: macroeconomic policy package adopted by Czech Republic in the wake of COVID-19.


The macroeconomic project should focus on the macroeconomic policy package adopted by a country in the wake of COVID-19. The policy package may target to achieve two or more macroeconomic outcomes such as: Stabilising price level (i.e., inflation-targeting policy); Creating employment opportunities; Sustaining GDP growth; Maintaining an uninterrupted supply of goods and services through international trade;  Incentivising domestic economic agents; Boosting investment expenditures; Safeguarding vulnerable population through transfer payments.   World limit: approx. 2,500 words [+-10%] Provide a one-page executive summary  Not included in the word count: Executive Summary, Titles, Figures and References. Present a clear introduction specifying the policy dilemma in the wake of COVID-19 to be addressed in your project report all available options are associated with potential disadvantages; we do not have ‘costless’ solutions Assess the costs and benefits of different policies available using macroeconomic theory Conclude with recommendations for methods to address the policy challenges.  An appropriate way to structure the macroeconomic project report is: Executive Summary – Introduction – Background (i.e., an overview of the economic climate in the country in the wake of COVID-19) – Benefit-Cost Analysis (assessing the pros and cons of each policy included in the adopted macroeconomic policy package) – Policy Dilemma (discussing the trade-offs between different policies included in the adopted macroeconomic policy package) – Recommendations (how to improve the adopted macroeconomic policy package) – Conclusion – References   Scoring Criteria Total Points Score 1- Information is presented in a logical sequence. 5 marks 2- Provide a one-page executive summary at the beginning of your paper. 5 marks 3- Present an introduction section that is attention-getting, lays out the problem well, and establishes a framework for the rest of the analyses. 10 marks 4- Present a clear background section specifying the macroeconomic performance of the country in the wake of COVID-19. 5 marks 5- Include a benefit-cost analysis section that assesses the pros and cons (i.e., benefits and costs) of each policy included in the adopted macroeconomic policy package using macroeconomic tools and concepts that are covered in the unit. 10 marks 6- Provide a policy dilemma section that identifies and discusses about the policymakers’ dilemma across different policies that are included in the adopted macroeconomic policy package. 10 marks 7- Provide recommendations section for revising the adopted macroeconomic policy package. 5 marks 8- There is an obvious conclusion section summarizing the analyses. 5 marks 9- The project report should be properly cited along with the references at the end of the report. Remember to use either “Harvard” or “Chicago” referencing style consistently. 5 marks  Total Points 60

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