ECON1085: An International Macroeconomic Analysis and Critical Review of the Singaporean Economy 2020: International Monetary Economics Essay, SIM, Singapore

Title:

An International Macroeconomic analysis and critical review of the Singaporean economy 2020 – current challenges and future directions. Is Singapore well-positioned to recover in 2021.

CLO’s assessed:

1. Analyse the concept of a nation’s balance of payments to examine the economic importance of changes in a nation’s net foreign wealth position.
2. Synthesize and evaluate theories of exchange rate determination.
3. Assess the policy options available in an open macroeconomic environment.
4. Evaluate the extent to which macroeconomic policy effectiveness is affected by macroeconomic openness.
5. Assess the implications of a government’s choice between a fixed and a floating exchange rate regime.
6. Analyse the causes and effects of currency crises.

The final assessment is applied in nature and encourages you to use the tools developed in the course content to analyse and make sense of the world around you. In 2020 economies around the world have experienced unprecedented shocks to their internal and external balance situations driven by necessary closures and shuts downs of economic activity to deal with the COVID 19 health crisis. Recovery from deep Global crises can be uneven and some economies are better positioned to recover than others.

Your final assessment task for IME is to apply the theory developed in the course to the current world events from the Singaporean perspective.