Undertake a macroeconomic analysis of a chosen economy using publicly available macroeconomic data, other country specific information AND relevant macroeconomic theory:Evaluate how well the chosen economy is performing against the three primary macroeconomic objectives of achieving high and sustained GDP growth, price stability and low unemployment.
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Task: To undertake a macroeconomic analysis of a chosen economy using publicly available macroeconomic data, other country specific information AND relevant macroeconomic theory.
Aim: To evaluate how well the chosen economy is performing against the three primary macroeconomic objectives of achieving high and sustained GDP growth, price stability and low unemployment; to explain the significance of this performance; and to identify the principle reasons for this performance.
Objectives:
Choose a country for analysis and identify a comparator set of 3 similar economies, to use as a benchmark.
Collect the necessary macroeconomic data and produce the charts listed in table 1, below.
Identify and explain the GDP growth performance of the chosen economy using charts 1, 2, 3 and 4, relevant economic theory, and other relevant information.
Identify and explain the price stability performance of the chosen economy using charts 5 and 6, relevant economic theory, and other relevant information.
Identify and explain the employment performance of the chosen economy using charts 7 and 8, relevant economic theory, and other relevant information.
Provide a summary and conclude on the overall health of the chosen economy.
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