Project description:
1) Investigate the relationship between unemployment benefits and unemployment. The aim of your analysis will be to prepare a report that examines whether higher unemployment benefits result in higher unemployment. You will have to collect data (micro or macro), choose a theoretical framework and appropriate economic modelling techniques.
a. Outline:
Provide an outline of your topic. This includes an introduction and a short review of evidence from previous literature and the questions you will address in your research (500 words).
b. Data:
Describe the data you have collected for your study. Please bear in mind that you will most likely require more than just two variables as you will have to control for other factors than unemployment benefits that may affect unemployment. Describe your data set with regards to how the data are collected and how unemployment and benefits are measured. Use charts and summary tables. (400 words)
c. Method:
Outline the theoretical framework that you will use as well as the econometric technique. (300 words)
d. Results:
Explain the results of your econometric analysis. Provide results tables and assess the significance of your explanatory variables. Detail how you have addressed potential issues with your modelling (e.g. heteroscedasticity). Critically assess the limitations of your analysis. (1000 words)
e. Conclusions
Summarise your results and contrast it to the findings from previous studies. Explain the potential policy implications of your research. (300)
Assessment criteria;
(i) Content, style, relevance, originality; Clear demonstration of rigorous research from recognised authoritative sources. Audience focus; professionalism in explaining the issues to be resolved and selection of an appropriate methodology and dataset.(50%)
(ii) Format, referencing, bibliography;
* The limit is not a guide, it is an instruction.
* Do not stray into tangential material. Always ask yourself is what Ive written relevant to the question set?
* Copy and Paste. Please try to refrain from doing this.
* Font size. Please use font size of approx TNR 12, Arial 12 size.
* Double space.
* Read (aloud) what you have written. If we cant understand your argument, you will not get any credit for it.
* Ensure you reference your citations using Havard.
(iii) Constructive critical analysis, introduction, conclusion;
As important as having defined and solved a bright model is to have gathered the insights from it and being capable of explaining what has been learned from the exercise. Furthermore, it is required to provide several proposals and establish the arguments against and in favour of every alternative.