Writing instructions
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 is strong or weak. The strength of a country’s economy can be determined by examining macroeconomic indicators such as real GDP, real GDP growth rate, real GDP per capita, unemployment rate, and inflation rate. In your essay, analyze the economic performance of ONE (1) 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 economy’s performance 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 prices, 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 prices, 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 the performance of the
- economy
- Describe and explain the performance trends of the economy
- Research and explain Government’s measures adopted to achieve the
- production output performance
Labor 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 the 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 a stable price
Conclusion
- Summary of key highlights of the discussion
