代写 ECON assignment MAE203 – The Global Economy

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MAE203 – The Global Economy

Written Assignment

Trimester 1, 2016

Due Date: 7 th May, Saturday by 11.59pm in CloudDeakin

Total marks: 100 points

Note: This is an individual assignment and needs to be submitted individually in

CloudDeakin by the due date and time.

(See the end of assignment for submission requirements)

The assignment has two parts, A and B.

Part A: Data collection, presentation and analysis

China, Japan and USA are three top trading partners of Australia. There are some concerns

that Chinese economy is slowing down, which may impact Australian exports. In this part of

the assignment, you will collect, present and analyse important macroeconomic indicators for

the above four countries.

Q1. Using the World Bank website (under Data), collect and present annual data

showing: (i) GDP per capita (current US$); (ii) the GDP annual percentage growth rate;

(iii) Exports of goods and services (% of GDP); and (iv) Imports of goods and services (% of

GDP) for each of the four countries for the years 1980 – 2014.

Present the data in tables. You are free to decide how many tables to use, and which

variables/countries to include in each table. Each table must be numbered and have a clear

heading/title indicating its contents, and a reference for the source of the data under the table.

Use the data to construct the following graphs. Indicate under each graph which table(s) the

data came from. Give your graph a title, and make sure to label each of the axis and the

variable.

Figure 1. GDP per capita for all four countries.

Figures 2, 3, 4 and 5: One figure for each country, with the GDP growth, Exports of goods

and services and Imports of goods and services for that country.

Figure 6: GDP growth and Exports of goods and services for all four countries.

[2 + 3 + 3 + 3 + 3 + 3 + 3 = 20 points]

Q2. Using figures 2 – 6, analyse and explain any general relationship you see between the

three variables in each of the countries. Is there any link between Australian exports and the

GDP growth in China? On the basis of the data collected, analyse any similarities and

differences in the performance of economies. (Word limit: 300 words)

[3 + 4 + 8 = 15 points]

Q3. Now, from the same website, download the data for total unemployment rate (% of labor

force) and the annual percentage inflation rate (using the GDP deflator) for the years 1980-

2014. Using the GDP growth rate data from above, draw a graph for each country with the

GDP growth rate, inflation rate and unemployment rate for that country. Could you see if

inflation rate and unemployment move together/opposite with the GDP growth rate in each

country? Explain your answer. (Word limit: 300 words)

[8 + 7 = 15 points]

Part B: Short Answer Questions

Q4. Using the following table, answer the following questions. The numbers in the table are

in billions of dollars.

Real GDP Consumption

Planned

Investment

Government

Purchases

Net Exports

1000 1000 100 150 -50

2000 1900 100 150 -50

3000 2800 100 150 -50

4000 3700 100 150 -50

a. What is the equilibrium level of real GDP?

b. What is the MPC?

c. If potential GDP is $4000, is the economy at full employment? If not, what is the

condition of the economy?

d. If the economy is not at full employment, by how much should government spending

increase so that the economy can move to the full employment level of GDP?

[5 + 5 + 5 + 5 = 20 points]

Q5. Discuss the leading causes of the Great Depression in Australia and use the 45° line

diagram to show how they caused a decline in real GDP. (Word limit: 300 words)

[5 + 10 = 15 points]

Q6. Starting from long-run equilibrium, use the basic (static) aggregate demand and

aggregate supply diagram to show what happens in both the long run and the short run when

there is a decline in wealth. (Word limit: 200 words)

[7 + 8 = 15 points]

3
代写 ECON assignment MAE203 – The Global Economy

NOTES:

Presentation and Referencing:

Assignments must be typed. Answers should be in full sentences, which have been checked for

grammar and spelling. Marks will be deducted if your ideas are expressed poorly or are

confused, and cannot be awarded if your expression is ambiguous. Data should be neatly

presented in table and graph format where requested, with sources correctly documented. The

tables and graphs should have a relevant title and each axis on the graphs should be correctly

labeled. Sources of data should be acknowledged under each table and chart and fully

documented using a reference list presented at the end of the assignment.

Marks will be deducted for poor presentation.

Word limit:

You are limited to no more than 2,000 words in total. The words in any graphs/diagrams, tables,

equations, and the references do not count toward the word limit.

Submission details:

Submit an electronic copy of your assignment to the Drop Box in CloudDeakin, before 11:59

p.m. Saturday 7 th May, 2016. Make sure you receive an email confirming submission. Do not

leave it until the last minute as CloudDeakin can become congested around submission time,

and the drop box automatically closes at 11:59pm.

Do NOT email assignments.

Extensions:

Extensions can only be approved by the Unit Chair. They are rarely granted and rarely for more

than a few days, so do not depend on an extension. Extensions can be granted for documented

serious illness (not just on the day the assignment is due!) or for compassionate reasons. Work

or holiday reasons are NOT grounds for an extension – you are expected to manage these issues

as part of your studies. You are strongly encouraged to start early and to continually

backup your assignment as you progress. Computer crashes or corrupted files will NOT be

accepted as valid reasons for an extension of any length.

Note that CloudDeakin does not accept some file formats, including Excel files. You should

upload one file only in either Word or (preferably) PDF format.

Other Information:

Please read carefully the University policy on ‘ACADEMIC HONESTY AND

MISCONDUCT’ before you start working on your assignment. The direct URL is:

http://www.deakin.edu.au/students/assessments/misconduct

Individual work is required!

You may study with other students, however you must write this assignment on your own.

On occasions students submit assignments that are very similar and clearly close copies of each

other, using identical or very close diagrams and examples. This is called collusion. Plagiarism

is if you use ideas that are not your own without appropriate reference. Software will check

each assignment for plagiarism and collusion, which are explained further in our Unit Guide

and the reference above. We do catch students, and they then have to appear before the

Academic Misconduct Committee and receive a penalty – penalties can be severe and even

include exclusion from the university. The whole process is traumatic for everyone.

Most students do the work in good faith and submit their own words and diagrams. They

understand the importance of this for learning, maintaining the quality and integrity of the

degree they will ultimately get, and preparing for the exam.

To avoid any suspicion of collusion if you do work together, go away to write up your own

version separately. If you use ideas from other sources (for example the text or articles) then

reference them. All directly or indirectly sourced material must be referenced and an

alphabetical list of references should be included at the end of your assignment. If you quote

directly from the textbook you must reference your quotation (including a page number),

however you are strongly encouraged to express your ideas in your own words. Economic

concepts from the textbook do not need to be referenced if stated in your own words. Economic

(or other) ideas or concepts from any other sources, including on-line sources, must be

referenced. Figures in tables must be referenced. Use the Harvard (Author, date) style of

referencing.

代写 ECON assignment MAE203 – The Global Economy