Economics

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.

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 indepth analysis. The essay shall be about 2,000 words (+/- 10%).

iii) Assignment Format The essay should be presented in the following format.

Sections

Introduction (200 words)

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 (200 words)

Summary of key highlights of discussion

Extra details

Have to provide graphs for Real GDP, Real GDP growth rate, Real GDP per capita, unemployment rate, inflation rate. -> all graphs are to be taken from tradingeconomics.com

References are to be provided in APA style.

Every point have to define and explain. -> Real GDP, Real GDP growth rate, Real GDP per capita, unemployment rate, inflation rate.

Introduction and conclusion should be around 200 words each, 2nd paragraph should be around 700 words and 3rd and 4th paragraph the total amount of words should be 900.