Assignment: GERMANY MACROECONOMIC ANALYSIS
1.0 Introduction
Provide an overview of Germany's economy
2.0 Production Output Performance Analysis
1. Define and explain how each indicator below measures performance of the economy
2. Describe and explain performances trends of the economy based on graphs given, including discussion on the unusual year
2.1 Real GDP
2.2 Real GDP Growth Rate
2.3 Real GDP per capita Analysis of Germany
2.4 Government measures to achieve economic performance
Research and explain Government's measures adopted to achieve the production output performance
→ Can write about PPF,
→ Economic growth: factors such as
Labour supply: increase working age population(↑birth rate/↑foreign labour) , Increase Employment-to-population ratio (mobilise old people/housewives/rural area worker to work)
Labour productivity: Increase production output/labour hr(↑Human Capital thru education & training; ↑physical capital e.g. machinery/equipment/tools etc.; ↑ technology advances e.g. genetic modification)
Stimulate Domestic saving and attract FDI (foreign direct investment)
Stimulate R&D
Improve the quality of education
Encourage international trade
→ What government has done to recover?
3.0 Labour Market Analysis
3.1 Unemployment trend in Germany
- Describe unemployment trends based on unemployment rates
3.2 Types of Unemployment in an Economy
- Define unemployment and describe the typical types of unemployment in an economy
• Frictional
• Structural
• Cyclical
3.2 Types of Unemployment in Germany
- Research and identify the types of unemployment in Germany
3.4 Government measures to achieve full employment
- Research and explain Government's measures adopted to achieve full employment
4.0 Price Level Analysis
4.1 Inflation Trend in Germany
- Define the inflation trend based on inflation rate of the graph
4.2 Typical causes of inflation
- Define inflation and describe the typical causes of inflation
4.3 Causes for Inflation in Germany
- Research and identify the causes of inflation in Germany
4.4 Government measures to achieve stable price in Germany
5.0 Conclusion
- Summary of key highlights of the discussion.
Attachment:- Econs_Assignment_.rar