How to Write the Literature Review of Macroeconomics Assignment?

Since you are a student of economics, you must be aware of macroeconomics and microeconomics.  You must be well versed with what the both branches of economics analysis of the world entail. With the knowledge of macroeconomics and microeconomics, it won’t be difficult for you to differentiate between the two while writing assignments. Even if you don’t, you can seek help from macroeconomic assignment help. So let’s dig into an important aspect of macroeconomics assignment- literature review. 

Literature review is an important part of assignment. It builds your base of the research and how you are going to proceed in the assignment. Once the literature review is explained properly, readers will gain an understanding about the scope of your assignment. Literature review includes the theories and sources you have used to research about the assignment. 

In the case of macroeconomics, the literature review is not just about theoretical analysis but also empirical sources. Since macroeconomics is a  technical course, its assignment should be such that it analyses  the real life situations and offers solutions that are applicable to real life. That’s why the literature review of macroeconomics includes not only theories but also empirical case studies. You can understand more about this from macroeconomics assignment help online

So now let’s see what are elements of literature review of macroeconomics 

Elements of Macroeconomics Literature Review

Macroeconomics Theories 

Firstly, you need to base your assignment on the theories related to macroeconomics to let readers understand the theories you’re going to use in the assignment. The various theories of macroeconomics are Keynesian economics, neoclassical economics and new Keynesian economics. 

Describe the Major Terms you are going to Use in your Assignment 

The terms could be inflation, unemployment, recession, demonetisation, employment, workforce participation, aggregate supply and demand and economic growth. Seek help from macroeconomics assignment help to know and define the major terms of macroeconomics. 

Break Down the Themes of your Assignment into Individual Topics with RelevantTheories

Now the literature review also includes the themes of your assignment. Whether it is based on recession or economic growth, you need to provide corresponding theories you are using to analyse the various topics. 

If you are using economic growth as your major theme, you can define theories like slow models and endogenous growth theories and more. You must also include empirical examples that affect economic growth like human capital, inflation, technological advancement and more. To know more about these theories, connect with macroeconomic assignment help Australia

If your theme is inflation, you must describe the theories and case studies relevant to it. Theory like Phillips curve and empirical examples like quantitative easing and interest rate must be defined in the literature review. 

If your theme is unemployment, you need to describe theories like frictional, cyclical and structural. You must describe the empirical examples that affect unemployment like government policies and labour market dynamics. 

Methodology 

In this section literature review, you have talk about the methods you used to collect the literature and how you analysed them. You have talk about how you conducted the search for the literature included in your literature review. You should also describe the limitations and credibility of your assignment. To know more about how to arrange the methodology section of literature review, connect with macroeconomics assignment writing services

Comparison and Literature Gap 

You need to compare your literature with other literature existing in the field of macroeconomics. This is how you analyse your theories selected among the pool of other theories available in the macroeconomics field of study. You have to justify why you selected certain theories and how you are going to use it to analyse your research question and find the solution. And next you have to find the gap ,question or the scope of further research in the existing literature. 

You can also seek help from econometrics to write your assignment on macroeconomics assignment. You can know more about econometrics, connect with econometrics assignment help 

Now that you know basic components of literature review, let;s see the format of literature review 

Format of Literature Review 

Introduction 

Theories Descriptions

Themes of your Assignment and related theories 

Methodology 

Analysis of the Theories 

Conclusion

References 

Let’s also see the umbrella of the assignment writing- the format of assignment on Macroeconomics. Seek help from macroeconomics assignment help to know the format of literature review and assignment based on the country and Universities.

Format of Macroeconomics Assignment 

Introduction 

Literature Review

Methodology 

Result 

Discussion 

Conclusion 

References 

So that’s all! The post tried to address one of the most difficult parts of writing an assignment on macroeconomic which is literature review. It can be hard to find the relevant theories of macroeconomics among the ocean of such theories Moreover, narrowing down to a theme in the world where various economic issues are affecting the growth. But don’t worry, the post has tried to address the major themes of the macroeconomics assignment. If you still need help, you can connect with econometrics assignment help.

But don’t wait or waste your time in googling how to write an assignment on macroeconomics. The trend of economic growth is changing rapidly. You need to catch up so that your theme of assignment doesn’t become obsolete. So start now!