Assignment on Economics. GDP Data.
i) Assignment Brief
Working individually, conduct research on the economic performance of ONE (1) country over the last ten years, from 2005 to 2014, applying the macroeconomic indicators of real GDP, real GDP growth rate, real GDP per capita , unemployment rate and inflation rate to argue whether you think the performance to be strong or weak.
The strength of a country's economy can be determined through careful examination of macroeconomic indicators such as real GDP, real GDP growth rate, real GDP per capita, unemployment rate and inflation rate. In your essay, analyse the economic performance of ONE (1) country, over the last decade (from 2005 to 2014), using data on the macroeconomic indicators; argue whether you think the performance is strong or weak.
Discuss the performance of the economy over those ten years and provide evidence and explanations for the economic performance such as a high unemployment rate, high inflation rate and/or steady, long-term economic growth. Where appropriate, you should also explain how the policies of the government aim to achieve full employment, stable price and/or economic growth.
Your analysis should include an in-depth discussion on the performance of the economy and provide explanations for economic results as revealed by the macroeconomic indicators; where appropriate, you should also explain how the policies of the government aim to achieve full employment, stable price and/or economic growth. Support your evaluation with researched evidence.
More marks will be awarded for reports which provide more detailed discussion and indepth analysis. The essay shall be about 2,000 words (+/- 10%).
ii) Assignment Style
All sources referred to in your essay, including any diagrams, must be referenced to in-text and be included in a full reference list at the end of the assignment, according to APA system of referencing.
1. Your assignment should be type-written
2. Spacing 1.5 with font size 12 using Arial font style.
3. Include page no.
4. Include a Reference Page at the end of your assignment.
My assignment shall be in the following format :
Format : APA Referencing.
Word Count : 2000 Words +/- 10%.
(Prefer to have at least 2000 words)
Assignment Brief
I would prefer if you could select your home country.
Very Important
Introduction - 250 Words +/- 10%
• Provide an overview of the chosen country's economy.
Production Output Performance Analysis - 500 Words +/- 10%
• Real GDP, Real GDP Growth Rate, Real GDP per capita analysis.
• Define and explain how each indicator above measures performance of the economy.
• Describe and explain performance trends of the economy.
• Research and explain Government's measures adopted to achieve the production output performance.
(Please refer to www.worldbank.org if you do not know where to obtain Real GDP Data).
Steps : Once you are in the above website, click on "Data" > Browse by "Country" > Select the Country and hit Download on the right.
I will need you to search for the following as it is a mandatory data for this assignment :
1. real GDP [search for: GDP at market prices (constant 2010 US$)
2. real GDP growth rate [search for: GDP growth (annual %)]
3. real GDP per capita [search for: GDP per capita (constant 2010 US$)]
4. unemployment rate [search for: Unemployment, total (% of total labor force) (national estimate)]
5. inflation rate [search for: Inflation, GDP Deflator (annual %)]
Labour Market Analysis - 500 Words +/- 10%
• Describe unemployment trends based on unemployment rates.
• Define unemployment and describe the typical types of unemployment in an economy.
• Research and identify the types of unemployment in the chosen economy.
• Research and explain Government's measures adopted to achieve full employment.
Price Level Analysis - 500 Words +/- 10%
• Describe the inflation trend based on inflation rate.
• Define inflation and describe the typical causes of inflation.
• Research and identify the causes of inflation in the chosen economy.
• Research and explain Government's measures to achieve stable price.
Conclusion - 250 Words +/- 10%
• Summary of the key highlights of the discussion.