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Macroeconomics deals with aggregate indicators

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Macroeconomics deals with aggregate indicators. These include GDP, unemployment rates, inflation, exchange rates, savings, investment, interest rates etc. While you will learn each of these aggregate indicators, it is also important to understand the interrelations between the different indicators and between the different sectors of the economy. The objective of this research is to provide you with the opportunity to work with actual macroeconomic data and events and conduct relevant analysis (at basic level). There are 2 parts in this research. Both parts are compulsory.
Part 1: Country specific - Measuring macroeconomic performance, fiscal policy, applying principles and concepts of macroeconomics, use of data to examine key macroeconomic variables. (20 marks): Page limit 6. The objective of part 1 of this research is to familiarize students with actual GDP data, the different components, database, and basic analysis to understand and interpret such data. Select any ONE Pacific Island economy and analyze its macroeconomic performance over the past 10 years. You should use the latest data available to conduct this analysis, and use THREE economic variables to analyze the economy, one of which must be Gross Domestic product. Your report should explain which variables are used, why and then use those variables, apply your economic theory and principles to analyse the economy. Part 2: Macroeconomic indicator: Cross country comparison. (20 marks): Page limit 6. The objective of this part of the research is to provide students with the skills to analyze macroeconomic indicators across countries. While analysis of a macroeconomic indicator (example GDP) within a country is important to understand the growth path of the country, it is also important to analyze (compare) these indicators across different countries. You will compare with the country you analyzed in Part 1 (this means you will use your results in part 1 here plus do some additional work). Choose any ONE macroeconomic variable that you used in Part 1 to analyze your chosen country. Choose another Pacific Island country and compare the performance of the two economies in terms of the chosen macroeconomic variable. For example, if you select GDP, then you will compare the GDP of the two countries. Your write-up must provide sufficient comparison. You must select certain points in time and provide reasons for the differences or similarities. These points in time can be the selected years where you observe significant differences or similarities. Based on your comparison, you must provide at least THREE policy suggestions for either one of the countries.
Marking rubrics Cover page: The cover page should 3 marks include the Tutorial day & time, tutors name, and group members name and ID. Reports without these details will face a penalty of 2 marks. Group task allocation: include a table 3 marks which shows how the tasks were shared between the group members. Students identified as not contributing anything to the project will be penalized here. This must be your page 2 Part 1 Part 1:20 marks Introduction: A clear, succinct introduction which explains the issue to be discussed. (3 marks). Main discussion: should separately discuss each macroeconomic variable, discussion should be supported by theory, data and research. (15 marks) • Conclusion (2 marks). Part 2 Part 2:20 marks Introduction: A clear, succinct introduction which explains the issue to be discussed. (3 marks). Main discussion: Should provide a clear comparison using appropriate data and analysis. Your skills in doing the necessary calculations and use of illustrations will be assessed here. You must clearly identify certain points in time and make
your comparison more specific. Provide three policy that would be feasible. (15 marks) • Conclusion (2 marks). 10 marks Reference: a reference list must be added at the end of the report. Use the APA or Harvard referencing. Please seek help if you are not familiar with referencing. The reference also indicates quality of research. You must use research material to support your discussion Follow of instructions: Turnitin report and submission: reports are submitted with turnitin index of less than 20%, use of font size 12 (times new roman), graphs and illustrations are properly labelled and referenced (as instructed), page limits followed, and other instructions. 4 marks Total /60