Assessment Task 2_s1 2016_final(2).doc

Assessment Task 2Case Study AssignmentSemester 1 2016A.Instructions to Students:1.This assessment is to be submitted in two parts:Part A comprising Questions 1 and 2 by 5PM Friday 15 April (end of week 9). (This will provide groups with feedback on their progress and result on 16 of the 40 marks allocated for the assignment).Part B comprising Questions 3, 4, 5 and 6 by 5PM Monday 9 May (week 13).2.Lodgement: The assignment is to be submitted via Turnitin. One submission per group.Please Note: Do not submit it via Business Central on level 7 or the School of Vocational Business Education on level 5 and do not email it. Students are advised to retain a copy of their assignment.3.Penalty for latenessAssignments not received by the due date will be penalised at a rate of 10% of the overall mark per day. 4.Table of contents and annotationYour assignment must provide a table of contents, references and any appendices, if required. These do not count toward your word limit.Annotation: You are required to acknowledge all sources of information including statistical tables and charts and to include a bibliography of cited texts. Note that failure to acknowledge sources and to properly reference data/facts in this assignment can result in the material not be included in your assessment or a mark deduction for the question. 5.Weighting. This assessment totals 40 marks and accounts for 40% of the total assessment for this course.6.Group AssignmentsThe assessment must be completed by students working in groups. Groups should consist of 4 members. This is the maximum group size. Students must attach their names on the assignment attachment sheet and sign the sheet.Group submissions: The attached Group Submission form with group members names, student numbers and signatures must be submitted to your lecturer in class by end of week 6 Friday 18 March. Students working together on this project will receive the same mark. Where individual group members have not contributed to the assignment, the course co-ordinator or your lecturer may allocate marks accordingly7.The case-study assignment relates to two of the Asian economies listed below, that may include Australia. You may choose another economy in discussion with your lecturer.8.Work RequirementThis Assessment involves a 1200 to 1600 word written report (approximately 5 to 6 pages A 4), excluding data tables, graphs and diagrams.B.Aims of the assessmentTo assess the learning outcomes of the course by applying the study of macroeconomic concepts and the underlying skills and knowledge to a comparative study of the recent performance of two economies selected for the assignment. This assessment has as objective to establish the recent status of a selected Asian economy and to compare it with another Asian economy (that may include Australia). Task The following is a list of Asian economies you can select from for your groups selected country.ChinaIndiaIndonesiaMalaysiaSingaporeVietnamAustraliaBased on research undertaken under this assignment you will evaluate the economic performance of your selected countries overt the period 2011 - 2015. PART A1. Economic growth and the Business Cycle (5 marks)With reference to your selected economies: List in the form of a table the % change in real GDP over the past 5 years, 2011 2015. Graph the business cycle for both countries over this period. Identify and explain the business cycle over the period in your selected economies.(Estimate word limit 150 200)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 in the past 12 months i.e. 2015. Explain the impact of these determinants on the level of economic activity and the price level. Demonstrate this on a AD-AS diagram.(Estimate word limit 400)PART B:3. Prices and the inflation rate (6 marks) Examine the situation of inflation over the past 2 years, 2014 2015.List and illustrate the inflation rate in the past two years (use data for the Consumer Price Index (CPI) OR the GDP Deflator for your selected economies). Identify the prevailing type of inflation (e.g. cost-push, demandpull) over the last two years. Explain your answer.(Estimate word limit 200 - 250)4. The Labour Force and unemployment (5 marks) List and illustrate the changes in the Labour Force, unemployment and unemployment rate over the past two years. Identify and explain the types and causes of unemployment which have prevailed over the period for each of your two economies.(Estimate word limit 200 - 250)5. Exchange rate and its impact on economic activity (8 marks)You should examine: Identify and illustrate the exchange rate of the two currencies in the past two years (in relation to the US dollar). Identify and explain two 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.(Estimate word limit 250 - 300)6.Comparison (5 marks) Which of the two economies you have selected have had the better economic performance? Explain your answer giving 3 reasons (criteria) for your choice.(Estimate word limit 150 - 200)Indicative Sources of InformationA good starting point for data relevant to the assignment is Trading Economics, /Link to website is .au/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=trading%20economicsNote that this site is light on explanation and qualitative analysis. It is suggested that students reference the respective countries Central Bank or Monetary Authorities for a more detailed analysis. Most central banks will have reports on the recent macroeconomic performance of the country and the macroeconomic factors that impact on recent economic activity.For central bank and monetary authority websites the following link is useful/cbanks.htmYou can complement and supplement the ADB data with national statistics for each economy (e.g. for Singapore .sg) and data from other international economic organizations such as: the World Bank: //data/home.aspx IMF: /external/index.htm/external/country/index.htm DFAT (Department of Foreign Affairs and T