The Global Financial Crisis (GFC) which occurred in 2007 and 2008, is considered by many Economists as the worst crisis the world has experienced since the Great Depression in the 1930s.  From a financial crisis which started in the United States of America (USA), the crisis eventually led to economic downturn not only in the United States but also in many other economies worldwide.  As a result, many countries experienced decline in production activities and increase in unemployment rate in the labour market.

As an Economist working for the World Bank, you have been tasked to conduct a research on ONE country that has been affected by the GFC and write a report covering the following key areas:
•    Explanation on how the economy of the country chosen was affected by the GFC which started in USA.
•    Impacts of the GFC on the economy and the society.
•    Economic policies implemented by the Government in response to the crisis.
•    Outcome of the policies implemented and possible constraints faced in the process.

1.    This assignment aims to provide association between what you learned class and real-life economic events happening around you.  Where applicable, illustrate your discussion with diagrams and economic models to enhance your discussion.

2.    More marks will be awarded for reports, which provide more comprehensive, balanced and in-depth analysis with adequate referencing to the economic concepts and models.

3.    While conducting the research, you are free to discuss on all relevant information from numerous sources which relate to the GFC and the economy of the country you have chosen.  Do not rely on one source and do compare and contrast perspectives.  For use of internet sources, you should note that there is no quality control over the information in the web.  As far as possible, you should choose website established by authoritative institutions such as the World Bank or the respective countries’ government official websites.  And avoid Wikipedia definitions!

This assignment is aimed at a number of competency elements, specifically:
•    Researching in terms of searching for and evaluating newspaper, magazine articles, reports and academic journals that are suitable for this assignment.
•    Analysis of the information presented in the article and how the macroeconomic event could be explained using economic models.
•    Assessing the suitability of the economic models to analyse the macroeconomic event and what are the limitations of the models.
•    Presentation in putting forward the information and analysis you have in a form, which is clear, accurate and easy to understand.

Additional assignments guidelines:
•    The report should be between 2,400 and 2,600 words.
•    Assignments should be type-written using 12-font size and 1.5 line spacing.  Please include page number.
•    References are a key aspect of an essay.  Any idea, theme, or argument that you found in the literature and used in your essay must be cited within the essay.
•    Include a reference List and bibliography at the end of your assignment.
•    Please also attach the SafeAssign report (the page with the similarity percentage ONLY).  Kindly note that students will be allowed to submit their essay in the blackboard system, up to a maximum of THREE (3) times.
•    The report shall be in plain white paper and stapled on the top left-hand corner.  Please do not use a folder for submission.
•    Course members should familiarise themselves with the University’s policy on the late submission of coursework.
•    This assignment must be submitted on 21 December 2017 by way of a hard copy and via Blackboard.
•    Please read the Grade Descriptors in the Assignment 2 Grade Descriptor table.

Category: Essays