Economics Assessment -
Overview - The purpose of this assessment is to evaluate students' ability to critically reflect on the economic perspectives of growth and wellbeing, macroeconomic cycles, globalisation, trade and development and to make policy recommendations to improve economic outcomes.
Question 1 (350 words) -
Define GDP and explain the major problems with this measure of wellbeing. Use the Human Development Index (HDI) to explain the trend in wellbeing for one developed and one developing economy in recent decades.
Question 2 (350 words) -
Discuss the criterion firms use to undertake investment expenditure. Draw a diagram to highlight the behaviour of this variable using any two countries. What is the implication for GDP growth?
Question 3 (350 words) -
International trade is underpinned by countries specialising in production. Discuss. Do all countries that engage in trade benefit?
Attachment:- Assignment Files.rar