Principles of Macroeconomics
This template presents the expected structure and format of your research project. You are free to customize this template as you like (e.g. use different colours, fonts, add pictures, etc.).
In this section, introduce the purpose of your research project, the main research question of interest and the country you will be examining.
In this section, set the context of your report by giving an overview of your country’s: (i) main characteristics (e.g. level of development, geography, population size, natural resources, main trading partners, etc.); (ii) major economic and/or social events in the last decade; (iii) current economic and/or social challenges.
In this section, assess the extent to which your assigned country has been achieving the 3 main macroeconomic goals of: (i) Promoting economic growth; (ii) Limiting Unemployment; (iii) Keeping Prices Low and Stable during the last decade.
You must support your assessment by presenting and interpreting data onat least 2 appropriate macroeconomic measures for each goal and at least one graph or data table on each measure.
In your assessment of each measure, you may:
(i) provide a definition of each measure;
(ii) compare the level of each measure at the beginning and the end of the period of interest;
(iii) find the average annual percentage growth during the period of interest;
(iv) track the evolution of each measure over time and identify an overall trend (i.e. increasing vs. decreasing);
(iv) interpret the meaning of each measure (i.e. What does it mean if a certain measure is decreasing/increasing over time?);
(v) try digging a little deeper into the drivers of these trend (i.e. Are there any major economic and/or social events occurring in the country that may explain this increase/decrease?).
Assess the evolution of different measures of economic growth over the last 10 years (i.e.Real GDP, Nominal GDP, GDP per capita over time and in terms of annual percentage growth).
Assess the evolution of different measures of the price level over the last 10 years (i.e. GDP deflator, CPI, inflation rate).
Assess different measures of the labour force over the last 10 years (i.e. labour force participation rate, unemployment rate for different groups: males, females, youths).
Assess other measures of economic progressover the last 10 years (i.e. Human Development Index (HDI), Happiness, Poverty Levels, Equality, Environment, Health, Education, etc.).
In this section, conclude your report by restating the main research question of your study, summarizing the main findings and giving your overall judgement on your assigned country’s economic performance.
References
At the end of your report, remember to cite all sources used according to this format:
Mankiw, N. (2009). Principles of economics (5th ed.). Mason, OH: Thomson South-Western
[10 Points]
Overview:
This project centers on assessing the economic performance of your assigned country over the last 10 years. To assess your country’s performance, you must present and interpret data on appropriate macroeconomic measures and comment on their evolution within the last decade.
Requirements:
Your report should be typed and between 2-3 pages long(not including data, graphs or references). Your report must include each of the following:
Requirement | Points Possible |
Country Background | 1 |
Assessment of Economic Performance: 1. Economic Growth 2. Limiting Unemployment 3. Keeping Prices Low & Stable | 6 |
Conclusions & Judgement | |
References | 1.5 |
Grammar, Spelling and Formatting | 1.5 |
Total | 10 |
http://data.imf.org/?sk=4C514D48-B6BA-49ED-8AB9-52B0C1A0179B
https://www.ilo.org/global/statistics-and-databases/lang–en/index.htm
Principles of Macroeconomics