the economic performance of Singapore and United Kingdom overt the period 2010 – 2014

Assessment Task 1
Task
Based on research undertaken under this assignment you will evaluate the economic performance of Singapore and United Kingdom overt the period 2010 – 2014.
Part A
 

1. Economic growth (5 marks)

 
With reference to your selected economies:

• Outline the value of the Real GDP over the past 5 years 2010 – 2014.
• Identify and explain the business cycle over the period in your selected economies.

Include original graphs and tables in your answer.
 

2. Aggregate Demand – Aggregate Supply (11 marks)

 

• Identify two determinants of aggregate demand and two determinants of aggregate supply that have impacted on the level of economic activity for your selected economies over the period.
• Explain the impact of these determinants on the level of economic activity and the price level. Demonstrate this on a AD-AS diagram.

Part B
 

3. Prices and Interest rates (6 marks)

• Examine the situation of inflation over the period (e.g. consumer prices, and, if possible, GDP Deflator) for your selected economies.
• Identify the prevailing type of inflation (e.g. cost-push, demand–pull) over the last two years. Explain.

Include relevant data and graphs in your answer.
 

4. The Labour Force (5 marks)

• Identify the changes in the workforce numbers and unemployment rate over the period.
• Identify and explain the types and causes of unemployment which have prevailed over the period.

 

5. Exchange rate (8 marks)

 
You should examine:

• Comparative graphs and comments on the change in the exchange rate of the two currencies in the past two years (in relation to the US dollar).
• Identify and explain the main factors influencing movements in the exchange rate over the period.
• What impact has the movement had on the level of economic activity (RGDP) and the price level? Demonstrate this on a AD-AS diagram.

 

6. Comparison (5 marks)

• Which of the two economies you have selected have had the better economic performance? Explain your answer.

 
For a custom paper on the above topic, place your order now!
What We Offer:
• On-time delivery guarantee
• PhD-level writers
• Automatic plagiarism check
• 100% money-back guarantee
• 100% Privacy and Confidentiality
• High Quality custom-written papers