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MBAX9122 Economics in Management Practice

Question

Answered

Question:

GDP Growth Rate in The United Kingdom from 2016-2020.

Use the Aggregate Demand and Supply Model and your own research to explain the movements in the GDP Growth Rate over this period.Your Answer should primarily use the Aggregate Demand and Supply Model but you may also use the Loanable Funds and the FX Loanable Funds Model in your analysis if you deem it appropriate.

Instruction:

Background

Some background information about the country in the period that you have selected including an explanation about what was happening at the time and any ‘country-specific’ issues with the macroeconomic variable that is being studied. You should also briefly explain why you have chosen that particular period.

Variable analysis

Provide a long-term time-series plot of the macroeconomic variable that you are studying. Compare and contrast the behaviour of the macroeconomic variable with other periods of time and/or other countries at the same period of time. Screenshots of time-series plots from websites are satisfactory (you do not need to download data).

Model analysis

Identify between 3 and 10 macroeconomic factors that you believe caused various curves in the models to shift. As a general principle, this should be done as a ceteris paribus analysis in which each factor is modelled separately assuming that your other chosen factors remain unchanged. If you choose 5 factors, this will generally involve 5 sets of charts to explain how each factor would individually affect your variable while holding the other 4 factors constant. If two or more factors affect the curves in exactly the same way, you don’t need to repeat the same charts (just refer back to the same chart). Don’t try to model the movement of all your factors on one diagram (it will look like spaghetti). It is noted that in some cases, it may not be possible to assume ceteris paribus given that one factor may affect another factor. This can sometimes be addressed by covering multiple factors within a particular ‘scenario’.

Conclusion

This involves summarising the individual effects of each of your factors on the macroeconomic variable from the Model Analysis section and how these factors worked together to explain the direction of movement in your variable. This is where you should draw your ‘narrative’ together into a compelling overall argument. It should be clear, interesting and engaging.

MBAX9122 Economics in Management Practice

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Task: Question 1  Some economists argue that in the short run price elasticities of supply of and demand for petrol are extremely small, which can lead to large changes in the price of petrol when demand or supply changes. Explain why this might be the case with the assistance of the supply a ...

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• First, out of the five chapters (Chapters 13, 14, 15, 16, and 17) of the main textbook, choose two chapters as you like. (Textbook is attached) • Second, read and compare the two countries from the chapters, and then write what you think about the differences, similarities, etc. (for example, ...

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Instructions: 1. The submission of this assignment need to be electronically done through Turn-It-In Course Learning Outcomes Coverage Question CLO 1. 6 2. 6 Case Study -1 Playing Monopoly: Microsoft Introduction Microsoft's ambitions to put a computer on every desk have evolved to put a computing d ...

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Task: Write a report (1 - 2 pages double spaced) in your own words to answer the questions: 1.What month (and year) is summarized? What was the unemployment rate for that month? How does that rate compare with the rate in the previous month? 2.What were the unemployment rates for adult women, tee ...

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