Define unemployment & describe the typical types of unemployment in an economy.

Conduct research on the economic performance of ONE country over the last ten years, from 2004 to 2013, applying the macroeconomic indicators of real GDP, real GDP growth rate, real GDP per capita, unemployment rate and inflation rate to argue whether you think the performance to be strong or weak.

Discuss the performance of the economy over those ten years and provide evidence and explanations for the economic performance such as high unemployment rate, high inflation and/or steady, long-term economic growth. Where appropriate, you should also explain how the policies of the government aim to achieve full employment, stable price and/or economic growth.

 

Format:

1) Introduction

– provide an overview of the chosen economy

2) Production output performance analysis

– real GDP, real GDP growth rate, real GDP per capita analysis

– define & explain how each indicator above measures performance of the economy

– describe & explain performance trends of economy

– research & explain Government’s measures adopted to achieve the production output performance

3) Labour market analysis

– describe unemployment trends based on unemployment rates

– define unemployment & describe the typical types of unemployment in an economy

– research & identify the types of unemployment in the chosen economy

– research & explain Government’s measures adopted to achieve full employment

4) Price level analysis

– describe the inflation trend based on inflation rate

– define inflation and describe te typical causes of inflation

– research & identify the cause(s) of inflation in the chosen economy

– research & explain Government’s measures to achieve stable price

5) Conclusion

– summary of key highlights of the discussion

6) References

 

Requirements:

– 2000 words (+/- 10%)

– spacing 1.5 with font size 12 (Arial)

– APA referencing and citation format

– include page number

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