Project description
You may use websites for document sharing like google docs or drop-box.This question is only intended for the written part. There is no preparation questions for the oral part. For both the written and the oral part you have to read Chapters 1, 2, 3, 11, 12, 13 and 17 of The General Theory. The best way to prepare for the oral part is to participate actively in the elaboration of your final project and read the chapters. Link:Free version of The General Theory online: http://cas.umkc.edu/economics/people/facultypages/kregel/courses/econ645/winter2011/generaltheory.pdf
Find the most current data about the following key macroeconomic variables:
Employment
GDP
Other information that you consider pertinent
Use this information in order to describe the right economic policy in order to create employment from two points of view: 1) The Classics (which includes Mankiw) and 2) Keynes General Theory. Clearly explain the differences between both theoretical approaches. Clearly explain with graphs which kind of trends would you expect in all these economic variables as a result of the economic policies proposed. You must use graphs and equations in your explanations.
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