ECON 1010 – Macroeconomics 1
Policy Brief Project (40 marks)
We have developed the analytical tools that economists use when discussing policy options
and have discussed its likely impacts on the economy in theory.
In this assignment you take the role of the policy advisors, employed by government
departments or big corporations (your clients are therefore the government and its ministers
and big corporate organisations) to apply those skills and expertise knowledge accumulated
in this course so far.
As an expert’s role in the government /corporation decision making process, your task has
the following two objectives:
Analysis: Experts are responsible for analysing the economic scenario (depicting the likely
impact of the policy on the economy), using the specialised knowledge and the technical
expertise in the discipline.
Communication skills: Experts must communicate their finding and recommendations
effectively to the decision-makers in government – ministers, senior public servants – and
executives of corporations as an independent/third party observer.
This assignment is designed to help you develop the skills of critically interpreting and
analysing macroeconomic data and effectively communicating your findings to the targeted
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ECON1010, 2019S2, Policy Brief Instructions
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There will be three parts to this assignment:
Part A: Diagnostics (macroeconomics data collection and interpretations)
Task: You apply knowledge to the macroeconomics data and present a diagnostic
analysis of the economy. Make important observations and assess the current
situation of the economy; finally, identify if economy is ‘stable’ or showing
any signs of ‘economic downturn’ or any other problem.
Part B: Policy brief report
Task: Based on your ‘Diagnostics’ in Part A, you suggest the ‘Policy
Recommendations’. These recommendations must be backed by proper
justification and rationale. As the last step, communicate everything
(diagnostics, policy recommendations, justification/rationale) effectively to
your client in the form of a policy brief. Policy briefs aim to be practical and
well-researched to make it useful and worthwhile for your clientele.
Part C: Micro-credential (Information Literacy)
Task: You are required to complete the micro-credential (Information Literacy)
which will help enhance your skills in searching for, organising and