MACROECONOMICS

2020/2021- Semester 3 Macroeconomics

THE COUNCIL OF COMMUNITY COLLEGES OF JAMAICA

BACHELOR’S DEGREE COURSEWORK

SEMESTER III –MAY 2021

PROGRAMME: BUSINESS ADMINISTRATION

COURSE NAME: MACROECONOMICS

CODE: ECON3701

YEAR GROUP: THREE

DUE DATE: JUNE 4TH 2021

UNIT: ONE

ASSESSMENT TYPE: COURSEWORK 20%

INSTRUCTION:

1. This is an individua l assignment.

2. Research the areas below and present your findings. You will have TWENTY (20)

minutes to make presentation.

3. A hard copy MUST be presented to the lecturer on the day of the presentation

4. The APA format MUST be maintained, and a declaration of authorship must be made.

5. This assignment represents 20% of final grade

2020/2021- Semester 3 Macroeconomics

Que s tion 1 The recent coronavirus pandemic has sent shock waves to many economies. We are now faced

with a looming global inflation. However, inflation, when controlled, is often a healthy consequence of a growing economy. A. Discuss the concept of inflation and identify its relationship if any to

unemployment/employment. (10 marks)

B. Assess the ability of a Central Bank to control inflation. (20 marks)