[Solution]Economic Case Study

Please prepare a short presentation discussing the case. The presentation should be 10 minutes long, and 5 minutes left for discussion with the interviewer. Although…

Please prepare a short presentation discussing the case. The presentation should be 10 minutes long, and 5 minutes left for discussion with the interviewer. Although the design and appearance of the presentation will matter, the work will be evaluated based on content, ability to identify Issues, and flow of the presentation. Please bring your presentation with you on the day of the interview. Please include supportive graphs and tables to deliver a clear message, and cite your work You are an economist working for a reputable private sector firm. Alternative energy sources have made tremendous progress, and oil prices are forecasted to keep declining for the next 5 years. Oil supply remains strong during that period. Assuming you are a citizen of a net oil-exporting economy, given these circumstances, what would be the impact on: Inflation Private Consumption Unemployment Monetary Supply Balance of Payments Gross Domestic Product (Oil) Gross Domestic Product (non-oil) You have been called in as part of a panel to assist in developing policies concerning government revenues and expenditures. The panel consists of officials from Finance, Energy & industry, and Strategic Planning professionals. What would be your policy recommendation to each of them to ensure economic prosperity considering declining oil prices? How would you ensure alignment between these policies? Bonus question If you wanted to investigate what are the causes of declining oil prices, what variables would you s set up the equation? What would be your dependent and independent variables? How many variables would you use? What is the minimum number of observations you would need to make this assessment while ensuring there are no statistical biases?
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