Macroeconomics 2 First Assessment

First Assessment: Pair Work

We frequently hear that a country achieved a certain percent of economic growth last year.
 You will search long-run growth rate of some developing and developed economies.
Then you will investigate what can be reasons that explain such difference.
 You will search any disruption in economic growth of these countries over the last 20
years and use the concept of the aggregate demand to explain the economic disruption.
 This is a pair assignment. One of you chooses one developing country from ASEAN
members except Vietnam and the other chooses one developed country from OECD
members.
 Search following information of the two countries from the database of either the World
Bank, the OECD, the IMF or the UN. (Data collected from private database such as
tradingeconomics.com are not accepted.)
1. GDP per person (US$ and PPP$, both at constant prices),
2. GDP growth rates
3. Inflation rates.

Question 1: Demonstrate the data you collected (either in tables or figures) and compare them.
All tables and figures must include the number, the title and the data source (5 points).

Question 2: Explain any fluctuations in the economic growth in the two countries in terms of
business cycle. Choose one period of recession in each country and explain what types of
stabilisation economic policy was implemented in each country (5 points).

Notes: These notes include all possible deductions from your mark. You must read carefully.
 You must work in pair. Any individual work will not be accepted without prior agreement
with your lecturer.
Macroeconomics 2 First Assessment

 The word limit will be strictly applied. One point will be deducted for every 100 words.
There is no allowance of 10% extra word count.
 A cover page must be attached in front with your team information and the word count. If
you do not include, 0.5 point will be deducted.
 In reference, you must include academic references. Website or blog are not counted as
reliable references. Poor reference will be deducted by 0.5 points.
 You must keep the following format, otherwise up to one point will be deducted.
o Referencing: RMIT-Harvard style
o Text: justified
o Character size: 12 point
o Font: Times New Roman
o Line space: Double
o Margin: 1 inch