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
Marginal Propensity to consume or known as  (MPC)  relates to a change in net or total consumption expenditure to a change in the total disposable income. Symbolically it is writt

Firms such a Moody's and Standard & Poor's study corporations that issue bonds. They publish "ratings" for the bonds- evaluation of the likelihood of default. Suppose these rating


List and briefly describe the principal causes of high population growth in developing countries and the major consequences.

How commercial banks "create money" Commercial banks obviously cannot influence the amount of currency in the economy or the monetary base, since they are not allowed to print

The Russ College of Engineering and Technology of Ohio University announced in a press conference that it had found "rampant and flagrant plagiarism" in the theses of mechanical en

illustrate the effects of a reeal wage existing in the labour market if it is perfectly competitive

Assume Workers Comp awards $X to workers not working because of injury. $X is set to equal the workers previous wages. Once workers return to work, the award payments stop. Suppose

Q. Construction of real gross domestic product ? To be able to make reasonable comparisons of GDP over time, we should adjust for inflation. For instance, if prices are doubled

Example of Fixed Investment-ACCOUNTING SYSTEM   Consider again the economy in example III. An inventor offers to construct some machines for each of the three companies which wo