Economic growth

Macroeconomic Analysis of a Pandemic – COVID-19, Economic Growth, and Unemployment

Posted on July 4, 2023 | by

The COVID-19 pandemic wreaked havoc on the global economy in an unparalleled fashion. Each step of this three-part core assessment will challenge you to apply key macroeconomic theory concepts to this real-world case study (that we all lived through). In this unit, you are tasked with looking at the global macroeconomic impact of COVID-19 on key indicators such as GDP and the unemployment rate.

Define Gross Domestic Product (GDP), and identify the four expenditure categories in the equation GDP = C + I + G + Xn; identify the measurement and sources of economic growth.

Describe the business cycle; identify the primary measure of unemployment and define “full employment”; identify the primary measure of inflation and distinguish between demand-pull and cost-push inflation.

Provide a brief synthesis (4-5 sentences) of the COVID-19 pandemic and how it impacted the global economy.
What was the impact of COVID-19 on the USA’s labor force in 2020?
How did COVID-19 impact consumer and business confidence among the world’s largest economies?
How did measurement problems factor into the economic impact of COVID-19?

Posted on June 23, 2023 | by

Is economic growth the problem or the solution?

Economic growth

Posted on November 25, 2021 | by

Economic growth may be attained when either aggregate demand or aggregate supply shifts to the right. Prior to beginning work on this discussion, read Chapter 15 from the course text, especially examining Section 15.2, and respond to the following components:

What are the different effects between aggregate demand-based growth and aggregate supply-based growth?
What may shift aggregate supply to the right? Thoroughly explain its process.
As a policy maker, would you prefer the strategies of aggregate supply-based economic growth or aggregate demand-based growth? Why or why not?
As a proponent of either aggregate supply-based growth strategies or aggregate demand-based growth strategies, what would you recommend for the current U.S. economy to achieve stable economic growth?