Macroeconomics Group Project

  • Publication date January 29, 2024
Macroeconomics > > Macroeconomics Group Project

Macroeconomic Performance – Group Project

Objective: The aim of this project is to examine the macroeconomic health of a chosen country, focusing on factors that influence the standard of living for its citizens.

Key Performance Indicators:

  1. GDP: Reflects income or output.
  2. Employment and Unemployment: Indicates labor force productivity.
  3. Price Levels and Inflation: Measures economic stability.

A thriving economy will exhibit consistent income growth, a productive workforce, and stable prices with minimal inflation. Your analysis will encompass:

  • Long-term growth trends.
  • Short-term economic fluctuations or business cycles.

Project Details:

  1. Scope:
    • Analyze a selected country’s macroeconomic health.
    • Identify the main challenges it faces.
    • Recommend existing or potential policies to tackle these challenges.
  2. Phases:
    • Group Project Formation
    • Part 1
      • GDP Per Capita: Investigate the country’s long-term growth and standard of living. Compare it globally and with similar economies. Assess its position and potential in the global income scale.
      • Employment and Unemployment: Examine labor force productivity and utilization. Assess how the country can enhance its standard of living and long-term growth by optimizing labor force usage. Review relevant policies.
    • Part 2
      • Price Level and Inflation: Study the country’s inflation history. Analyze its price stability and the economic implications of its inflation rates.
      • Saving and Investment: Explore the country’s saving and investment behaviors. Understand its investment financing methods and the role of investment in its economic growth. Evaluate relevant policies.
    • Part 3 
      • Business Cycles: Analyze recent economic data, considering GDP, consumption, investment, and unemployment patterns. Understand the impact of recent events, like the pandemic, on the economy.
      • Final Presentation: Consolidate your findings, pinpoint the country’s key macroeconomic challenges, evaluate potential solutions, and present your conclusions.
  3. Peer Review: Engage in peer evaluations for Parts 2–5 and the final presentation. This will improve your analytical skills and enrich your project.

Grading:

  • Parts 1–3: 10 points each (group score).
  • Final Presentation: 20 points (group score).
  • Peer Reviews for Parts 1–3: 5 points each (individual score).
  • Peer Review of Final Presentation: 20 points (individual score).

Sub Wikis