ECON1102 Macroeconomics Money and Finance- Economic Growth

ECON1102 Macroeconomics Money and Finance- Economic Growth

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ECON1102 Macroeconomics Money and Finance

Task

Assignment Question:

Examine the economic growth of three countries for the past five years. Explain how the economic growth in these countries has changed pre- and post-Covid-19. Provide two policy recommendations on how one of the chosen countries could improve their economy given the onset of Covid-19.

Purpose of the Assignment:

The purpose of the assignment is to demonstrate both a theoretical and practical understanding of macroeconomics and it draws upon several topics covered in the unit. Students will need to present the figures on the economic growth in an appropriate manner and provide evidence to support their arguments. Students should consider real life events and the theoretical concepts taught in this unit in their discussions on the policy recommendations.

Data:

Students should present the data on economic growth figures in an appropriate manner (e.g. diagrams, graphs or a table). Students need to clearly identify the source of the data. Students may which to compare these indicators with other indicators (e.g. unemployment rates, inflation, investment levels etc.) to give an overall picture of how each country economy has fared since the onset of Covid-19. Students may wish to consider monthly, quarterly or annual data, though monthly data will provide a clear picture of changes pre- and post-Covid-19. Students should generate figures and tables themselves rather than cut and paste them directly from the data’s websites.

Potential websites where students could obtain information on economic growth and other indicators from include:

  • National Statistics Offices (e.g. Australian Bureau of Statistics, Statistics Singapore,
  • U.S Bureau of Economic Analysis, United Kingdom’s Office for National Statistics)
  • International Monetary Fund
  • Trading Economics
  • Reserve Bank of Australia

Where possible, students should use the latest data available to examine the changes in economic growth since the start of the global pandemic (Covid-19). Some large statistical houses may not have the most recent data (for example, the latest data on many of the World Bank’s economic indicators are for 2019, which is prior to the global pandemic). Students are advised to look at the National Statistical Office for the countries of their choice to get the most recent data.  

Suggested Structure:

A proposed structure for the assignment is as follows – the assignment should have headings for each section:

Cover page which includes the word count, student’s name and student number and the student’s tutor and tutorial time.

Introduction – this should include the purpose of the assignment (i.e. what the assignment sets out to do) and a brief discussion on your chosen countries. You should include some background discussion of the countries.

Analysis of economic growth for the past five years, pre- and post-Covid-19, – this should include a presentation of the data and discussion on how economic growth has changed. The discussion also needs to include reasons for the changes in economic growth, drawing on theoretical and real life events.

Policy recommendations – this section should contain at least two recommendations on how the economy of the chosen country could be improved. These recommendations should be based on the concepts taught in this unit and should be valid for the country.

Conclusion – this should be a brief paragraph summarising what the assignment has covered. 

ECON1102 Macroeconomics Money and Finance

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