Reference no: EM132400380
BECO107 Business Economics - Kent Institute, Australia
Assessment - Group Oral Presentation and Group Report
Unit Learning Outcomes addressed:
1) Explain the basic microeconomic and macroeconomic concepts.
2) Discuss the micro and macroeconomic environment's effect on business activities in the economy.
3) Identify current economic issues, both domestic and international.
4) Apply economic concepts and models to a range of economic issues and explain their use.
Assessment Task: Prepare and present a 15-minute presentation on a topic as listed in the assessment. The students are required to involve in extensive desk research and explore the issue. A group report on the task (no more than 1500 words).
Assessment Topic and Requirements -
a. Find the most current published national economic statistics report of any country you want to do the research on (e.g., 2018 or 2019 annual national economic statistics).
The objective of this task is that you get the feel of a real life example of country' economies and apply your economic knowledge and analytical capabilities to evaluate a country's economic status.
b. Read the national economic components from the data provided on their government website and write a report after completing following tasks:
1. Provide a brief introduction of the country (e.g., geographic, demographic and economic information) you have selected.
2. List out the current key national economic statistics of the country and briefly discuss the trends of these economic indicators over the past five years. Please evaluate what are the key factos contributing to these changes and support your argument with relevant references and examples.
Gross Domestic Production (GDP)
Consumer Price Index (CPI)
Inflation rate
Unemployment rate
Interest rate
3. Provide an explanation on the composition of the current GDP of your selected country and briefly discuss how has each GPD component changes over the past five years. Please also provide and the reasons behind these changes. Please support your argument with examples and references.
Consumption
Investment
Government expenditure
Net exports
4. Comment on the fluctuation of the CPI and inflation rate in the selected nation and briefly discuss how does that impact on the various aspects of people's living standard (e.g., their consumption power, income level, employment status and so on). Please specify your evaluation based on the context of your select nation.
5. Imagine that you are invited to develop the fiscal policy with the reserve bank/central bank of your selected nation with the aim of stabilizing the inflation rate, reducing the unemployment rate and boosting the overall national economy. Please provide 2-3 valid advice based on your findings and the key economic statistics in your select nation. To approach this part, you should make a valid judgment on the current economic status of your selected nation and identify the key issues emerged in the nation's current economy provide 2-3 suggestions in the contest of this country. Your argument should be justified and supported by relevant references.
Getting started for the presentation -
a) Select the topic - name of the country.
b) Book an in-class presentation time with the lecturer (may be preannounced),
c) Collect the information of your country through desk research,
d) Present at least 10 images to be formed into slides for the presentation,
e) Prepare the presentation slide and group report.