INSTRUCTIONS
Country specific – Macroeconomic analysis
In this project, students are required to find and analyze key macroeconomic statistics. The concepts presentation should cover are: GDP, GDP per capita, unemployment rate, inflation rate, fiscal policy with reference to budget deficit/surplus, and monetary policy with reference to the interest rate.
Phase 1:
Choose a country other than the U.S. economy
Find data for 2015 – 2022 for that country’s
Real GDP (GDP constant 2015 US$)
Growth rate of real GDP (GDP growth (annual %))
Real GDP per capita (GDP per capita, constant 2015 US$)
Growth rate of real GDP per capita (GDP per capita growth (annual %))
Population (Population, total)
Population growth rate (Population growth (annual %))
Unemployment rate (Unemployment, total (% of total labor force))
Inflation rate (Inflation, consumer prices (annual %))
Fiscal policy; budget deficit/surplus
Monetary policy and interest rate regime
Phase 2
Make a Powerpoint on:
Country name and map
Current situation: GDP, per capita income, GDP growth rate, population
Real GDP over time (data table and graph)
Real GDP per capita over time (data table and graph)
Growth rate of Real GDP over time (data table and graph)
Growth rate of Real GDP per capita over time (data table and graph)
Population over time (data table and graph)
Population growth rate over time (data table and graph)
Unemployment rate over time (data table and graph)
Inflation rate over time (data table and graph)
Fiscal policy; budget deficit/surplus (data table and graph)
Monetary policy and interest rate regime (data table and graph)
Phase 3: Base on the data collected, present following analysis
Discuss the relationship between GDP, GDP per capita and population growth rate. Start with defining the concept, state the relationship, and comment on whether your country’s data supports relationship.
Discuss the relationship between the unemployment rate and the rate of economic growth. Start with defining the concept, state the relationship, and comment on whether your country’s data supports relationship.
Discuss the relationship between inflation and the rate of economic growth. Start with defining the concept, state the relationship, and comment on whether your country’s data supports relationship.
Discuss the relevance to fiscal policy and monetary policy in determining growth rate and controlling inflation in the economy. Start with defining the concept, state the relationship, and comment on whether your country’s data supports relationship.
Good sources:
CIA World Factbook:
This is a great general resource to get you started and to find information about your country’s current economic situation.
World Bank data (databank.worldbank.org):
You will need to use the World databank to get the information about how your country’s economic variables have changed over time.
