On successful completion of this assessment and this module, you will have demonstrated your ability to:
Demonstrate knowledge and understanding of macro-economic theory and concepts.
Identify, present and explain macroeconomic statistics and discuss the accuracy of economic analysis/ appropriateness of policy response in finance and economics news articles and economic reports.
Structure of the report
The structure should be as follows:
Introduction: You must provide an introduction to your report. Your introduction must state your overall aims and say how you intend to meet the aims of the report.
Evaluation of the economic performance of UK: In this section, assess the economic performance of the United Kingdom spanning the years 2005 to 2021/22. Analyse key economic indicators such as the GDP growth rate, unemployment rate, inflation rate, exchange rate, and exports growth. Utilize line graphs for each variable to evaluate performance during significant periods, including the recession (2008-2010), the Eurozone crisis (2010-2012), the Brexit referendum (2014-2017), and the Covid-19 pandemic (2020 – 2021/22). Explain the impacts of the financial and/or pandemic crises using the Aggregate Demand-Aggregate Supply (AD-AS) framework. Additionally, assess the fiscal and monetary policies implemented during these periods and delve into the underlying theories behind these policy decisions.
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.
AVOID citing Wikipedia, Investopedia, blogs without author’s name and the like.
