We can work on Macroeconomic Theory

  1. Compare and contrast the effects of an austerity programme in an economy with a fixed versus a floating
    exchange rate.
    In answering the question explain fully your assumptions and reasoning.
    Equations: Any equations in your answer should be typed either with the Word Equation
    Editor (or similar) or just with normal text (e.g. using subscripts etc.).
    Diagrams: Diagrams may be created electronically or handwritten then captured digitally
    and inserted into your answer.
    The lectures we covered in the module for the essay questions included IS-LM, Keynesian Cross, AD-AS
    Models (also Dynamic AD-AS), Open Economy (including openness, AD-AS, Short run, Medium run,
    Exchange rate regimes fixed versus floating), The long run (Stylised facts, solow model with no technical
    progress and solow model with technical progress), Expectations (expected inflation and adding expectations
    to AD) and finally Policy (Government budget constraint, government debt including the 4 cases of debt
    sustainability. Policy issues including Ricardian equivalence

Sample Solution

• Monthly patient-provider contact • Monitor eating & physical activities through logs • Use positive reinforcement techniques (reward system) • Strong parental involvement for school aged children 3. Comprehensive multidisciplinary intervention • Same as stage 2, along with structured diet & physical activity designed for negative energy balance behavioral interventions like development of short-term diet & physical activity goals. • Weekly patient-provider contact (and/or phone) for a minimum of 8-12 weeks. Subsequently, monthly visits can help maintain new behaviors. • Parent training in behavioral techniques to improve home eating & activity environment 4. Tertiary care intervention • Used for severely obese children who failed in comprehensive multidisciplinary intervention stage but are willing to maintain physical activity and healthy diet. Options include pharmacotherapy and bariatric surgery but children should be carefully selected for this intervention and only is absolutely required. If there is no improvement after 3-6 months of stage1 adaptation, the patient can move on to stage 2. Similarly after 3-6 months in a structured weight management program, some patients who have not achieved goals can move to stage 3. TABLE 10 Age Weight goals according to BMI percentiles 2-5y 85-94th: weight maintenance until BMI is <85th percentile, or slowing of weight gain as indicated by lowering of BMI>

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