macroeconomic data

The objective of this project is for the students to get familiar with macroeconomic data and to analyze the relationships between macroeconomic variables.

Four countries will be assigned to each student. The countries include a high-income country, two middle-income countries, and a low-income country. Each student should produce two files: (1) an Excel file that includes country data; (2) a Word file that includes the analysis of data. Both files must be submitted on cuLearn by the due date.

• An empty Excel file is available on the course website. Fill in the economic and financial indicators of your four assigned countries in the Excel file. Note that you may not find all indicators for all countries. This is especially the case for the low-income country.
• Write a report about your findings from the data by answering the following questions:
  1. Confirm the following relationships and explain if your findings are consistent with theory:
     1. Absolute purchasing power parity (PPP) between the two selected countries (choose two countries of your assigned four countries for which you have enough data):

1. Relative purchasing power parity (PPP) between the two selected countries (choose two countries of your assigned four countries for which you have enough data):

• The Fisher effect between the two selected countries (choose two countries of your assigned four countries for which you have enough data):

1. National income identity: Y = C + I + G + NX

or, Y = C + I + G + CA

1. Explain the relationship between the movements of the GDP (business cycles) and the main economic indicators of your assigned four countries:
   1. Examine if this statement: decrease in investment usually precedes recession, and boom is usually led by increase in consumption.
   2. What is the relationship between the movements of the GDP and exports, imports, and net exports?

• What is the relationship between the movements of the GDP and unemployment?

1. What is the relationship between money growth and inflation in your assigned countries?
2. What is the relationship between inflation and exchange rates in your assigned countries?
3. Can you identify signs of “financial system distress” that could signal a financial crisis?

You can download data from the World Bank’s “World Development Indicators” (WDI):

http://databank.worldbank.org/data/reports.aspx?source=world-development-indicators

https://datacatalog.worldbank.org/dataset/world-development-indicators  (for bulk download)

The report should be double-spaced, font 12 “Times New Roman”. Feel free to use graphs to explain your findings. The report should not exceed eight pages.

The report and data file should be uploaded on cuLearn. Late submissions result in 20% deduction of the mark per day. The project accounts for 40% of the final grade.

The objective of this project is for the students to get familiar with macroeconomic data and to analyze the relationships between macroeconomic variables.

The objective of this project is for the students to get familiar with macroeconomic data and to analyze the relationships between macroeconomic variables.

Macroeconomics is the study of the economy as a whole. It is concerned with how the economy works, why it works that way, and what can be done to make it better.

Macroeconomics is also known as “the study of aggregate economic activity”. The term “macroeconomics” was first coined by John Maynard Keynes in 1936.[1]

The project helps students understand concepts such as inflation, unemployment rate, GDP growth rate, etc.

The project helps students understand concepts such as inflation, unemployment rate, GDP growth rate and other macroeconomic variables. The objective of this project is to collect data on these variables at a national level and analyze their relationship with each other.

This exercise can be done through various methods such as interviews with experts or surveys which will help you get an idea about the current situation in your country’s economy along with its potentials for growth in future years.

Conclusion

In conclusion, this project can help students develop a better understanding of macroeconomic concepts and data. They will also be able to apply these skills in their future careers as well as in any other situation where they are required to analyze macroeconomic data.