Articles that talk about the Ifo report are great because theres a tiny bit of research and a lot of figures\/facts you can use. Germanys expectancy of the future are far better than ever before in the past, unemployment is falling and low, inflation might begin picking up. Could we use economic theories to explain what’s happening within the nation? How are the primary variables? Talking points Define and explain what growth. You might want to consider whether potential output or its Gross domestic product or both? You may jump into describing Gross domestic product is increasing: AD due to reasons which are mentioned in the article.
These include ingestion that is higher increasing investment growing exports. Draw a diagram stick with that for now and choose the Neo Classical strategy or the Keynesian. Don’t forget to mention the accelerator consequences and the multiplier. Define both theories and explain how do they affect Gross domestic product growth. Both articles mention unemployment and inflation. This should activate your memory right away Phillips curve. The relationship between unemployment and inflation. Which might be a good point for discussion.
Perhaps even a diagram? To appraise, does the association between inflation and unemployment described in the article is just like the one? Why or why not? What does the future for economics seem like if the connection holds? By simulating different scenarios of what may occur you could assess. To evaluate further, look back in your choice of that the diagram and that the conclusions drawn from it. Would they change when you chose a different school of financial thought? If you chose that the Keynesian diagram before and said that wages increased because AD reached the bottleneck what were the long term implications\/predictions for\/of the economy? What if you’d chosen Neo Classical view? Continuing with analysis: one of that the articles mentions Germanys government spending budget and current account surplus.
These are perfect to score a few more points on your IA. Define and clarify exactly what both of them are and how do they relate to AD, inflows and outflows of the company cycle. What could possibly happen to government budget and\/or Germanys current account if one of your described scenarios happen? Is it good\/bad for the economy? You could think about macroeconomic objectives. Remember to include quotations!.