Analyse and contrast the macroeconomic behaviour, Macroeconomics

Collecteconomic data for three countries: Australia, China and Greece.The data is toobtainedfrom official sources as time series forthe key macroeconomic variables. These arereal GDP, real GDP per capita, annual real GDP growth, the unemployment rate, the interest rate, andtheinflation rate.  For Australia and Greece,also collect data series for government expenditure and taxes. The data are to be inannual format for the years starting from 1999-2000 up to and including 2010-2011 (or the most recent available).

1. Present the data above in tables for each variable. Present in charts the data for real GDP, real GDP per capita, annual real GDP growth, the unemployment rate, the interest rate andthe inflation rate, witheach variable in a separate chart.  Show one variable across the three countries in the same chart wherever possible.  Calculate the annual real interest rateand similarly present it in a chart including the three countries. Also in one chart for each of Australia and Greece, present its government expenditure, taxes and GDP. The charts must be correctly titled, labelled and sourced.

2. Compare the variables in the charts for each country and comment about similarities and differences in the level and movement of the variables amongst the threecountries. Include a description of the budgetary positions forAustralia and Greece over the period.

3. Based on the data you have presented, discuss how the GFC has influenced the economy for each country over the period.Discuss why the effects on each country may differ.

4. Make use of AE diagrams to analyse and contrast the macroeconomic behaviour of Greece and Australia. Discuss possible reasons for the differences.

Posted Date: 2/20/2013 2:02:33 AM | Location : United States







Related Discussions:- Analyse and contrast the macroeconomic behaviour, Assignment Help, Ask Question on Analyse and contrast the macroeconomic behaviour, Get Answer, Expert's Help, Analyse and contrast the macroeconomic behaviour Discussions

Write discussion on Analyse and contrast the macroeconomic behaviour
Your posts are moderated
Related Questions
Consider an economy that produces only three types of fruit: apples, oranges & bananas. In the base year the production & price data are as follows: Fruit

I sent to you an email for the online homework the deadline through 10 hours all questions are about 10 please do it in full score

The short-run supply of a certain crop is perfectly inelastic, because it has already been harvested and no more of it can be grown until the next growing season. In order to raise

money demand = 3500 - 250i what is the interest rate present if the money market is in equilibrium

policy measures to control trade cycle

A firm sells its product in a perfectly competitive market where other firm charges a price of $90 per unit. The firm's total costs are C(Q) = 50 + 10Q + 2Q2. How much output shoul

"Subsidizing the price of milk or other agricultural products is not very expensive considering how many consumers there are in the United States. Therefore, there is little harmfu


Think of a business firm you recently visited (such as Walmart, Home Depot, Red Lobster, Barnes & Noble, McDonald's, etc.). What motivated the producers of all the individual produ

Buckley (2009) writes that the UK was in recession for several short periods during this time, which placed further emphasis on researchingrelationships between the price of oil an