Overview: In macroeconomics, students need to be able to understand economies of countries beyond the United States in a world that is economically interconnected.
Purpose: The purpose for this essay is for students to demonstrate an understanding of international interdependence and the possible economic consequences of varied courses of action.
Requirements:
Review the data collected by the World Bank regarding Global Economic Prospects. This data is representing GDP growth based on constant 2010 U.S. Dollars.
Compare and contrast the data for Advanced economies and Developing Countries. Explain if the data is consistent with what you would expect.
9.0Global Economic Prospects
Percentage Change
7.0
5.0
3.0
1.0
-1.0
-3.0
-5.0
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Advanced Economies
Year
Developing Countries
Select two countries (not including the United States) from the list and explain the differences between their economic prospects.
Create a graph that shows the changes in economic prospects for the two countries you selected for part 3.
Review the projections for the two countries and evaluate where they are on the business cycle and predict what will be happening to unemployment rates and the real GDP.
Your essay should represent your best analytical and writing efforts. Each essay should be a well-written essay with an opening, body and conclusion with your personal extended research of the topic including recent developments. Each essay must be 3-4 pages, typed (double-spaced) with attachments (i.e. graphs) and a bibliography in ADA format. Be sure to include four sources, of which two must be academic.
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