Here, you are to provide a report on “fall in the energy and commodity prices”. You are required to discuss the reasons of fall in the prices and comment on the possible factors which may change their prices in the future. Moreover, assess how economic activity across different countries depend on the energy and commodity price by using time series model.  

Topic: fall in the energy and commodity prices,( not actual topic and it would be decided by the research factor you choice in issue from research requirement)
Most recently, there has been a remarkable fall in the energy and commodity prices. Many have been debating the possible explanations for this phenomenon, whether the low prices will persist, and most importantly the possible impact on different countries, in particular commodity exporters. The project may discuss the reasons behind the fall in prices, comment on the possible factors which may push up/down their prices in the future, and using time series models (for instance VARs) assess how economic activity and/or key indicators across different countries depend on the energy/commodity prices, in particular major oil exporters and possibly major importers. Finally, empirical results can be used to discuss which countries are more vulnerable/sensitive and possible impact of prolonged low prices.

SELECTED READING:
Alom, F., Ward, B. D., & Hu, B. (2013). Macroeconomic effects of world oil and food price
shocks in Asia and Pacific economies: application of SVAR models. OPEC Energy
Review, 37(3), 327-372.
Jiménez-Rodríguez*, R., & Sánchez, M. (2005). Oil price shocks and real GDP growth:
empirical evidence for some OECD countries. Applied Economics, 37(2), 201-228.
Hamilton, J. D. (1983). Oil and the macroeconomy since World War II. The Journal of Political
Economy, 228-248.

DATA SOURCE: Datastream
data analysis tool recommend : eviews or stata