26 Jun EVALUATION OF THE ECONOMIC PERFORMANCE OF DERBY-SHIRE:
Topic
The aim of this report is to critically evaluate the economic performance of the local and national economy using appropriate macroeconomic theories,variables and data.
Assessment Requirements
As part of Coursework 2, you must write an individual report which examines the above issue.
Please notethat each student must submit an individual report. This is not a group work.
Aims
The overall aim of this report is to provide a comprehensive analysis of the economic performance of both the UK and Derbyshireusing national and local level data and economic theories.
Wherever relevant, you must
Apply macroeconomic theories and tools in the analysis of the data.
Use properly labelled tables, line graphs and any other graphical illustrations with accompanying commentary
Methods
While working on this topic, you will
collect data on relevant economic variables
analyse the data collected.
give a future outlook analysis
Structure of the report
The structure should be as follows:
Introduction: You must provide an introduction to your report. Yourintroduction must state your overall aims and say how you intend to meet the aims of the report.
Evaluation of the economic performance of UK:
Under this section, you should discuss the economic performance of UK from 2000-2016. You are expected to analyse the economic performance of the national economy by looking at key economic indicators such as GDP growth rate, unemployment rate, inflation rate and exports growth. Using line graphs for each variable, you will need to evaluate the performance during the recession (2008-2010), the Eurozone crisis (2010-2012) and after (2012-2016). You should explain the effects of the financial crisis and/or Eurozone crisis using the AD-AS framework. Then evaluate the fiscal and monetary policies implemented during this period and discuss the theories behind those policies.
Source of data: World Bank (World Development Indicators), OECD database, Office for National Statistics and Fame (Financial Analysis made easy). You will have the opportunity to work with all these databases during seminars.
AVOIDWikipedia, Investopedia, blogs and the like.
Evaluation of the economic performance of Derbyshire: Under this section, you should critically evaluate the performance of the local economy of Derbyshire. The analysis should include:
a) a comparative analysis of income and long-term unemployment levels (with the national levels),
b) the rural-urban divide in the economic profile of the county (Derby city vs Derbyshire),
c) Compare internal and international migration against that at the national level?Analyse the trends; and
d) Analyse the sectoral composition of the local economy and how that differs from the composition of the national economy.
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