Use the following details to help structure
your essay.
Task 1 – GDP and economic growth (20 marks)
· Research and comment on the GDP OR
GDP per capita of the chosen economy.
· Explain the main reasons for the economic
growth/decline over the last decade.
· Describe the business/economic cycle in the
context of the chosen economy.
· Mention (in brief) sectoral contribution to
GDP (probably using a pie chart etc)
Task 2 – Unemployment (20 marks)
· Research and comment on the levels of
unemployment in the economy researched.
· Mention the main kinds of unemployment to
be found in the chosen country.
· Analyse how the Government can effectively reduce
unemployment in the economy (either analyse the current policies used and/or
make suggestions for policies that may be used)
Task 3 – Inflation and balance of payments (20
marks)
· Research and comment on the inflation
levels and balance of payments situation of the economy.
· Explain causes of inflation and BoP (deficit
or surplus)
· Explain the impacts of inflation and the
balance of payment (deficit or surplus) on the four economic agents.
Task 4 – Economic Policy (20 marks)
· Discuss the use/effectiveness of economic
policy (demand or supply side/monetary or fiscal) to impact the economic cycle (either
analyse the current policies used and/or make suggestions of policies that may
be used) -Two policies are expected.
Task 5 – Presentation and Referencing (20
marks)
·
Check your work for spelling and grammar.
·
Present you work in an acceptable format.
·
Use Harvard referencing.
Extra Details about your assignment:
· You will need to provide a
bibliography of at least 6 references (tutors to use their discretion)
in your essay. You will need to use
Harvard referencing.
· Your report needs to show:
o Proof that you have researched
and analysed information.
o Critical thinking and analysis.
o Economic theory.
o A high quality of written
English and a logical flow to your essay.
Extra Guidance for your Research:
You may use the following
databases to find data:
· Trading Economics
· World Bank Databank
· United Nations Database
· International Labour
Organisation (ILO) Statistics and Database
· Other sources advised by
your tutor
You must not reference any user-generated
sources of information such as Wikipedia or forums. You
could
read these to get a general overview for your own understanding, but they
should not be used in your references as they are not always reliable sources of
information. If you are unsure of what is expected of you, please speak to your
tutor.