MACROECONOMICS : GDP, INFLATION RATE, UNEMPLOYMENT RATE

URL : http://data.worldbank.org/

Use the above url to obtain GDP,Unemployment and inflation rate from ONE country

Working individually, conduct research on the economic performance of ONE (1) country 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 2,000 words (+/- 10%).

 iii) Assignment Format

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

  1. iv) Assignment Style

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

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