The Strength of a Country’s Economy can be Determined through Careful: Economics Essay, SMU, Singapore

Assignment Brief

The strength of a country’s economy can be determined through careful examination of macroeconomic indicators. Working individually, conduct research on the economic performance of ONE (1) country over the last ten years. In your essay, analyze the economic performance of the economy over the last decade, from 2008 to 2018 using the macroeconomic indicators of real GDP, unemployment rate and inflation rate. Discuss whether you think the economic performance was strong or weak.

You should also research and provide explanations for the high unemployment rate, high inflation/deflation rate and the growth or decline of the economy during this period. Where appropriate, you should also identify and explain how the policies adopted by the government have served to achieve full employment, stable price, and economic growth.

Your analysis should include an in-depth discussion on the overall performance of the economy in the last decade and you should support your evaluation with researched evidence.

Assignment Format

Price level analysis

• Define inflation and describe the typical causes of inflation\
• Describe and explain the inflation trend based on the inflation rate statistics for the last ten years
• Research and identify the cause(s) of inflation in the economy
• Research and explain the Government’s measures to achieve a stable price

Conclusion

• Summary of key highlights of the discussion