LeonieIB Posted October 14, 2012 Report Share Posted October 14, 2012 (edited) Hi. I have to write my first commentary on an Economics article for tomorrow.This is the article that I was given to do: Chinese Yuan China rules out faster yuan rise despite soaring pricesI wasn't good in Economics last year and I have no idea how to do this, where to start. I have the criteria that the teacher gave us... I am looking at the thread Tips for Economics Portfolio (Commentary) which explains step by step, which is great but I don't know how I will get information, like the effects, what I think will happen as a result, etc.I really don't know what to do Should I buy VIP, are there some helpful sample commentaries there?Either way I probably won't be able to get it today. Edited October 15, 2012 by Kerry_B Reply Link to post Share on other sites More sharing options...
wireman Posted October 14, 2012 Report Share Posted October 14, 2012 Yes, there are some really good commentaries posted here. You'll get some even if you look on Google.Okay, here's how I went about my initial commentaries:-- Look for key terms, currency, yuan, inflation, interest rates, the stuff that's in your book.- Define these terms.-Just get a general idea about what's happening. In this case, inflation is on the rise in China,basically, AD is exceeding AS, leading to a higher price level.- Now, write WHY this is happening. Use economic theory. In this case, because China's currency is very weak against the US dollar leading to a very high export demand, leading to higher AD, which is the cause of the problem- Write what could be the solution to this problem in terms of what's good for China's macroeconomic indicators. talk about the trade-offs in the decision and its short-term and long-term implications.Best of luck Reply Link to post Share on other sites More sharing options...
LeonieIB Posted October 14, 2012 Author Report Share Posted October 14, 2012 Thanks for your response.I've got a PayPal account with some money, but I can't buy it here because it asks me to use a credit card.Anyway, I'll try find some on Google.As for the D&S curve, the demand would be shifting North-East, and the item would be "Chinese yuan" ?? Reply Link to post Share on other sites More sharing options...
wireman Posted October 14, 2012 Report Share Posted October 14, 2012 No, the item would be Real GDP, because its the demand for 'Goods and services' that is increasing, not the increase in demand for Chinese yuan. Reply Link to post Share on other sites More sharing options...
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