Assignment:
Aim
The objective of this assignment is to have students to undertake a small research project and write it up in a formal, academic way.
Students should draw on the relevant theories and contextualise them with respect to the question. Also, they are required to cite additional empirical evidence to support conclusions (reference the evidence appropriately using in-text citations). Provide diagrams to explain the theory where appropriate. Diagrams must be clearly and correctly labelled, and you should actually refer to them in your explanation. Descriptive statistics, graphs and tables, will be sufficient for data analysis. Econometric analysis is not required.
Task Description
500 words
Essay question
The Solow growth model predicts that a higher saving rate leads to a higher level of income per capita. It also predicts that the steady-state growth rate in income per capita depends on technological progress.
Critically evaluate these statements with reference to economic outcomes in China and the USA.
Guidelines to complete the question.
• Discuss the saving - investment gap in the USA and China. What are the economic implications for the two countries?
• Use data, graphs and/or tables to support your analysis as necessary
• Descriptive statistics, graphs and tables, will be sufficient. You are not required to do econometric analysis.
Marking Criteria
Your assignment will be marked on the following criteria:
• Clarity of objective and focus of work
• Use of appropriate macroeconomic theory
• Use of literature/evidence of research
• Analysis of relevant data
• Structure and clarity of expression (including accuracy, spelling, punctuation, grammar)
• Referencing
Referencing
The essay must be appropriately referenced using the Harvard style.
You should use authoritative sources. Unreliable sources, such as Wikipedia, should not be used (anyone can edit an entry in Wikipedia). Try to use some formal journal articles. The list of references should include only sources that you have actually used in writing the essay. It is not a bibliography.