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Late work: Only those assignments that are submitted before the deadline (11:59 pm,
Sunday of Week 3) will be accepted and graded
1. Understand the major institutions within the national economy, how the macroeconomy is
measured, how different sectors interact and evolve over time, and how these changes
influence social welfare and the business environment.
2. Critically evaluate contemporary and historical macroeconomic policy developments and
debates between major schools of thought.
3. Use rigorous modelling frameworks to understand macroeconomic issues and support
decision making.
4. Identify and analyse current macroeconomic problems and formulate and communicate
associated policy responses.
(the CLO not covered are crossed out)
Assessment Details
Economic and political reforms under Đổi Mới, launched in 1986, have spurred rapid
economic growth and development and transformed Vietnam from one of the world’s poorest
nations to a lower middle-income country. Some other ASEAN member states have also had
favourable development trajectories, while others have been less dynamic. Your task is to
search for and present some relevant indicators for Vietnam and one other ASEAN country
of your choice (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines,
Singapore or Thailand).
1. Search relevant and reliable websites to find and present the following
information:
i. [10 points] Compare
a. per capita GDP (US$ and PPP$),
b. GDP growth rates and
c. per capita GDP growth rates from 1985 to 2015 in Vietnam and one other
ASEAN country. Illustrate your findings with tables and/or graphs. How do these
figures compare with the world and/or OECD averages?
ii. [5 points] Discuss the 30-year growth experience of Vietnam and the other country,
paying particular attention to problems associated with inflation (as measured by the
CPI or GDP deflator), and real rates of savings and investment.
iii. [5 points] To what extent has economic growth affected other development indicators
such as those included in the Human Development Index? (Note: compare Vietnam
with one other ASEAN country.)
iv. [5 points] Discuss in a hypothetical way whether you think Vietnam or the other
ASEAN country has been affected by macroeconomic problems (between 1985 and
2015) such as high and/or unpredictable inflation, involuntary unemployment and/or
insufficient aggregate demand.
Support Resources
Support resources are provided on Canvas and on the RMIT Library website.
Submission Instructions
1. Save your completed paper with XXXXXXX(your full name) as your filename.
2. Upload the paper to TurnItIn using the link on this page.
Rubric – Assessment 1