You are the economic advisor to a fictional country. Your assignment is to submit a report of how you want your economy to function. Your report should include the following sections:
What kind of economic system will you implement (markets, a planned economy or some combination of the two)?
How, if at all, should we change our measures of inflation, unemployment, and income?
What else, if anything, should we measure?
What taxes would you use to fund your government?
Is your decision based on concerns for economic growth or inequality?
How, if at all, will you encourage economic growth?
Will concerns over inequality affect your decisions?
Will you use fiscal policy? If so, what specific policy tools will you use to conduct fiscal policy? How can you overcome some of the flaws of fiscal policy?
- Money System and Monetary Policy
- Will you use fiat or commodity money? Who will control the money supply? Will you use active monetary policy? If so:
- How will you determine when to use monetary policy? (Targets)
- How much discretion and independence will your policymakers have?
- International Trade
Will you allow free trade?
Will you impose any restrictions?
Will you fix your exchange rates? Will you manage your exchange rates?
|Due By (Pacific Time)
||12/10/2013 05:34 pm