Individual Assignment for TECO601/TECO602: Macroeconomics

QUESTION

Individual Assignment for TECO601/TECO602: Macroeconomics

To answer the following questions, students should use a sum of relevant economic theories (if require) for the justification of their answers. Students can also use figures (i.e., supply and demand curves) for presenting their answers

Consider the financial crisis 2007-2009 in USA.

1. Explain the origin of this crisis. Provide a summary of this crisis, consisting of the reasons

of this crisis, and the breadth and extent of the crisis. Identify countries and markets involved in the crisis (200 words). (1 mark)

ANSWER:

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