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1) Outline which macroeconomics responses have been implemented, clearly showing that you understand which are monetary policy responses and which are fiscal policy responses.

1) Outline which macroeconomics responses have been implemented, clearly showing that you understand which are monetary policy responses and which are fiscal policy responses.

2) Discuss how you think these policies are going to help, using your IS/LM and AS/AD models to explain why.

3) Critique these responses. You will find plenty of opinions on whether these responses are too weak, too strong or don’t target the right people online and indeed you may have your own opinions. Keep bringing it back to the models though.

4) A great essay is going to tackle the difference between the supply side and the demand side of the crisis and what that means for different policy responses.

5) You should also address the temporary nature of this crisis or if you think that there are going to be more long-lasting effects and these are relevant to macroeconomic policy feel free to tackle that too.

 


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