Define and explain how each indicator above measures performance of the economy

All assignments (excluding reference List and Cover Page) are to be uploaded to the “Assignment Final Part 1” section on the Elearn LMS on the specific due date agreed upon and published in the Module Study Guide. Ensure you also upload the Cover Sheet and Reference List into the “Assignment Part 2” section on the same day. ii) Assignment Brief Working individually, conduct research on the economic performance of ONE (1) 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 a high unemployment rate, high inflation rate 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. More marks will be awarded for reports which provide more detailed discussion and in-depth analysis. The essay shall be about 2,000 words (+/- 10%). iii) Assignment Format The essay should be presented in the following format. Sections Introduction • Provide an overview of the chosen economy Production output performance analysis • Real GDP, Real GDP growth rate, Real GDP per capita analysis • Define and explain how each indicator above measures performance of the economy • Describe and explain performance trends of the economy • Research and explain Government’s measures adopted to achieve the production output performance Labour market analysis • Describe unemployment trends based on unemployment rates • Define unemployment and describe the typical types of unemployment in an economy • Research and identify the types of unemployment in the chosen economy • Research and explain Government’s measures adopted to achieve full employment Price level analysis • Describe the inflation trend based on inflation rate • Define inflation and describe the typical causes of inflation • Research and identify the cause(s) of inflation in the chosen economy • Research and explain Government’s measures to achieve stable price Conclusion • Summary of key highlights of the discussion iv Assignment Style All sources referred to in your essay, including any diagrams, must be referenced to in-text and be included in a full reference list at the end of the assignment, according to the APA system of referencing. Use the following Kaplan resource to assist you to do this accurately and consistently: All KAPLAN Higher Education Diploma and Diploma Bridging modules use the APA referencing and citation format. Please make yourself familiar with this style at the beginning of your studies so you are able to use it to keep track of source material during research. COMPULSORY GUIDE TO READ AND APPLY IN ALL ACADEMIC WRITING: KAPLAN Academic Works and APA Guide: Follow this link to download and savehttp://kaplan- diploma.s3.amazonaws.com/Kaplan_Singapore_Academic_Works_and_A PA_Guide_2013_v2.pdf The reference above will also supply you with the Assignment Style rules followed in Kaplan. In short, the main things to apply are as follows: 1. Write your name clearly on the cover page using the Lecturer’s Comment Form 2. Your assignment should be type-written. 3. Spacing 1.5 with font size 12 using Arial font style. 4. Include page no. 5. Include a Reference Page at the end of your assignment. v) • Policies The penalties for plagiarism and collusion per Kaplan Singapore Academic Policy (found in your Student Handbook and Study Guide) will apply for any breaches. • Late submission of assignment copies handed in to program managers will have marks deducted in in accordance to the Kaplan Singapore late submission policy as described in the Study Guide. 2.0) RELEVANT MODULE LEARNING OUTCOMES: A. Describe and evaluate a range of current economic issues and problems. B. Develop and communicate economic arguments in a variety of forms. E. Evaluate the performance of the national economy. G. Discuss and explain the economic problems of unemployment and inflation. H. Identify and apply fiscal policy to achieve macroeconomic stability. 2.1) EMBEDDED SKILLS INCLUDE: • The ability to relate research findings to concepts learned in the module. • The ability to conduct research. • The ability to analyse data and information. • The ability to think and read critically.

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