Country Economic Analysis Macroeconomics Spring 2021
To complete this analysis, please choose a country of interest to you. Try to find a country with a diverse economy. This will make your analysis easier.
Example – Do not choose a country like the Bahamas. What is the main industry or source of national income. Tourism What else drives the economy? So, once tourist drops, like in 2008 to 2009 recession, economies around the world are slowing down, people tend not to travel due to reductions in incomes. So, the economy in the Bahamas drops dramatically. So, find a country that is a little more diverse.
What I want you to do is look at what drives an economy. In chapters 8,9,10 we (I guess you) will look at issues that impact the economy. These are some of the issues but use only the issues that impact your economy.
1) GDP growth or lack of growth
2) GDP per capita
3) Labor participation rate in your country – going up or down
4) Disposable Income
5) Unemployment rate – increasing or decreasing and the % change – example – from 3% to 20%.
6) Types of unemployment
7) Job creation?
8) Inflation – high or low?
9) Inflation impact on the economy?
10)Economic growth rate – high or low
11)Where in the business cycle is this country’s economy?
12)Type of government – impact on the economy – stable or unstable government impacts the economy
13)Is the country a former colony? (delayed economic development)
14)Size of country – natural resources – climate of the country
15)Internal conflicts, war, social unrest, religious conflicts
16)Lack of natural resources that hurts development
17)Education level of men and women. Are women in the economy?
This is a long list, but not complete. You will need to research a country and see what is happening.
Use any format you want, just make sure your name, source list and the name of the country is on the paper.
So, if you choose a country that is very strong, tell me the country is doing well and why. The format can be short paragraphs, bullet format, or any format you want to use. Look at trends – maybe 5 years. Avoid 2020, as all economics are impacted by Covid 19.
Length – 2 pages (1000 word words or less). Keep the information to the point. Do not pad the analysis by telling me why you picked this country. (I like Switzerland because the citizens like to drink hot chocolate and I like hot chocolate.) Try to write the short analysis in Word or even Excel, as you will need to send a file to me.
DUE DATE – 8 May, 2021 – DOUBLE SPACE PLEASE