Expert answer:Write 3 to 5 pages of analysis and additional pages of graphs and tables,analyzing macroeconomic variables of a country of your choosing.Be sure to pick a country for which there is readily available data(Indonesia). To complete this assignment you will need to collect data from the years 2000-2010 on the following variables: Real GDP Growth rate of real GDPReal GDP per capita Growth rate of real GDP per capita Population Population growth rate Unemployment rate (Unemployment, total Inflation rate
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Michael Lindbloom
Economics 211
Fall 2017
Term Paper
Introduction
Background on Ireland..what is the country, where is it, how long has it been a country, what are the
main economic drivers (imports? Exports? Manufacturing? Tourism) Breakdown of population
This is a research paper on the macroeconomics of Ireland. In this paper I will discuss major
macroeconomic variables for Ireland between the years 2000 and 2010. The first part analyzes GDP, the
second analyze….
Here we go…
Body
To examine the macroeconomics of Ireland, first we look at GDP. Examining Graph 1 shows that in
2000, Ireland’s real GDP was $165billion. This number increased….
4-6 paragraphs
Conclusion
In this paper we looked at major macroeconomic variables for Ireland between 2000 and 2010. We
found that some fundamental macroeconomic relationships hold over this time period. For example,
unemployment went up during the great global financial crisis at the same time that GDP went down.
….etc…
Appendix
Graph 1: Ireland Real GDP 2000-2010 (2010 US $)
Real GDP
2.5E+11
2E+11
1.5E+11
1E+11
5E+10
0
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Elmhurst College
Economics 211 – Fall 2017
Course Paper Guidelines
Paper Due: Friday, December 1st, 2017
In this course, we will learn some basic concepts that can be used as tools to analyze an economy’s state
of affairs. The three big variables that macroeconomists use when attempting to do this are: (1) GDP,
(2) Inflation, and (3) Unemployment. By the end of the semester you should be comfortable discussing
the implications of these variables, where they come from, and why they are important. Many
macroeconomic questions and concerns can be related back to these three primary variables. For
example, if we are interested to know about the major industrial products of a particular country, that
can fall under the subset of GDP. Or if we are interested to know how many college graduates have
been able to find jobs over the past five years, generally speaking that is unemployment data. Or how is
the exchange rate of a country related to the prevailing interest rates that borrowers are facing? This
can be linked to inflation.
Thus, you are tasked with writing a 3-5 page paper of written analysis and additional pages (as many as
needed) of graphs and tables, analyzing macroeconomic variables of a country of your choosing. Be
sure to pick a country for which there is readily available data. To complete this assignment you will
need to collect data from the years 2000-2010 on the following variables:
• Real GDP
• Growth rate of real GDP
• Real GDP per capita
• Growth rate of real GDP per capita
• Population
• Population growth rate
• Unemployment rate (Unemployment, total
• Inflation rate
After you have collected this information and compiled it into a nicely formatted and easy to read table,
graph each of these variables with time on the x-axis and the variables’ values on the y-axis. These data
pages should be attached to the end of your paper in something that resembles an appendix.
In the written portion of the paper, you should first briefly introduce the country that you have chosen
(i.e. geography, history, culture, language, etc.). Next, use several paragraphs to complete the following
analyses:
1. Discuss the relationship between GDP, GDP per capita and population growth rate. Start with
your hypothesis about what you expect this relationship to be, and why. Be sure to reference
your “appendix” that includes the data, charts, and tables.
2. Discuss the relationship between the unemployment rate and the rate of economic growth.
Start with your hypothesis about what you expect this relationship to be, and why. Again, use
the appendix data to support your discussion.
3. Discuss the relationship between inflation and the rate of economic growth. Start with your
hypothesis about what you expect this relationship to be, and why. Reference your data.
4. How globally linked is this country. More specifically, the years you are analyzing (2000-2010)
include a major global recessionary period, so do see evidence of this in your country?
Finish your paper with a concluding paragraph that summarizes the main findings of your analysis, as
well as your own personal outlook for the future of the country’s economy.
Good sources of data can be found in many places, but to get you started, try these first:
• The CIA World Factbook:
o Great general resource to get you started and find information about your country’s
current economic situation
• World Databank (databank.worldbank.org)
o You will need to use the World Databank to get the information about how your
country’s economic variables have changed over time.
Formatting guidelines:
• 11-point font, either Calibri (Body) or Times New Roman
• 1-inch margins universally around the page
• 1.5 spacing between lines AND paragraphs
• Heading can be whatever format you choose, but I will not count that as part of the 3-5 page
written page requirement
…
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