economic essay assignment

Conduct research on the economic performance of SINGAPORE over the last ten years, from 2004 to 2013, 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.

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.

More marks will be awarded for reports which provide more detailed discussion and in-depth analysis. The essay shall be about 1,200 words (+/- 10%).

The essay should be presented in the following format.

Introduction  Provide an overview of the economy chosen

Production Output Performance Analysis  Real GDP, Real GDP growth rate, Real GDP per capita analysis  Describe and explain the performance trends  Research and discuss Government’s measures to achieve the economic performance

Labour Market Analysis  Describe unemployment trends based on the unemployment rate  Discuss the types of unemployment  Research and discuss Government’s measures to achieve full employment

Price Level Analysis  Describe the price level trend based on the inflation rate  Discuss the causes of inflation (if any)  Research and discuss Government’s measures to achieve stable price

Conclusion  Summary of key highlights of discussion

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 the APA system of referencing.