Reference no: EM133701905 , Length: word count:2500

Question 1: Explain how GDP, inflation, and unemployment are measured in your country. Explain limitations of these indicators. Provide real life examples.

This is your case study that you need to describe in details, provide relevant information, use table, diagrams where appropriate.

While your textbook is your first point of reference, you should consult other references in order to receive full marks. Use real life examples (with references) to support your discussion.

Question 2: Choose the recent macro-economic policy (fiscal or monetary policy) implemented in your country Analyse the effect of this policy on the country using economic theory, real life data such as GDP, unemployment; and inflation, and illustrate them on appropriate diagrams.

You should describe the policy in sufficient details and use real data as much as possible. Refer to the textbook for the theoretical framework.

Question 3: For your case study, analyse the effect of macro-economic policy from part b) on international trade; exchange rate, balance of payments, and international competitiveness of your country. Suggest how such policy can be improved.

Use economic theory and real data to analyse the issues.

Overall presentation of work, especially use of graphs, clear written expression.

Appropriate use of referencing

Assessment criteria

You must refer to the textbook in the first instance. Besides the textbook, you should also refer to a few other academic books, journal articles and relevant websites in answering these questions.

Use in-text referencing and provide a list of references.

All submissions for this course must use the American Psychological Association (APA) referencing style.

Concepts must be defined accurately and completely.

The assumptions upon which the analysis is based must be stated at the onset.

Diagrams must be drawn properly, correctly labelled and the relations they depict explained.