. Students are expected to demonstrate their understanding of macroeconomic concepts through a three part formative assessment that culminates to a final report and presentation.

·         Sloman, J. and Wride, A., (2009). Economics, 7th Edition, FT Prentice Hall.

·         World economic outlook database

·         Worldbank databank

–          The JU assessment cover page must be attached to the front of the document and should be filled and signed by each student.

Part A – GDP and standard of living

Due week 3:

The following country-specific requirements will be assessed:

–          History on the economic background of the country

–          Demographics: statistical data about a population. These include, but are not limited to average age of the population, male to female ratio of the population, education levels etc.

–          Gross Domestic Product (GDP): The total output that a country produces in a given year. Discuss the history of the GDP and the GDP growth. The distribution between industries (agricultural, service or manufacturing) needs to be considered too

–          Standard of living measures such as GDP per capita, class disparity, poverty rate, quality and affordability of housing, hours of work required to purchase necessities, inflation rate, amount of leisure time every year, affordable (or free) access to quality healthcare, quality and availability of education, life expectancy, incidence of disease and infrastructure etc.

Part B – Cost of living and inflation

Week 9. The following requirements must be met (historical, current and future forecasts):

–          Inflation rates

–          Exchange rates

–          Interest rates

–          Consumer spending patterns

–          Investment patterns

Part C – Unemployment and fiscal policies

Week 13. The following requirements are expected to be fulfilled (historical, current and future forecasts):

–          Employability

–          Unemployment rate

–          Government policies reducing unemployment

–          Fiscal policies

–          Monetary policies

Part D – Presentation

Weeks 14+15

20 minute presentation outlining the outcomes of this project

Part A-C: 5-10 page report for each section (include graphs and images)

Part D: 20 minute presentation

Everything must be submitted on the portal – no emails or hardcopies will be accepted.