Economics Assessment

1. INSTRUCTIONS

i) Assignment Submission

All assignments (excluding reference List and Cover Page) are to be uploaded to the "Assignment Final Part 1" section on the Elearn LMS on the specific due date agreed upon and published in the Module Study Guide. Ensure you also upload the Cover Sheet and Reference List into the "Assignment Part 2" section on the same day.

ii) 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.

The strength of a country's economy can be determined through careful examination of macroeconomic indicators such as real GDP, real GDP growth rate, real GDP per capita, unemployment rate and inflation rate. In your essay, analyse the economic performance of ONE country, over the last decade (from 2005 to 2014), using data on the macroeconomic indicators; argue whether you think the performance is 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.

Your analysis should include an in-depth discussion on the performance of the economy and provide explanations for economic results as revealed by the macroeconomic indicators; where appropriate, you should also explain how the policies of the government aim to achieve full employment, stable price and/or economic growth. Support your evaluation with researched evidence.

iii) Assignment Format

The essay should be presented in the following format.

Sections

Introduction

• Provide an overview of the chosen economy

Production output performance analysis

• Real GDP, Real GDP growth rate, Real GDP per capita analysis
• Define and explain how each indicator above measures performance of the economy
• Describe and explain performance trends of the economy
• Research and explain Government's measures adopted to achieve the production output performance

Labour market analysis

• Describe unemployment trends based on unemployment rates
• Define unemployment and describe the typical types of unemployment in an economy
• Research and identify the types of unemployment in the chosen economy
• Research and explain Government's measures adopted to achieve full employment

Price level analysis

• Describe the inflation trend based on inflation rate
• Define inflation and describe the typical causes of inflation
• Research and identify the cause(s) of inflation in the chosen economy
• Research and explain Government's measures to achieve stable price

Conclusion

• Summary of key highlights of the discussion.