\u00a0
\nPurpose of Assignment
\nThis assignment will help students master research and other analytical skills and will help students recognize reasons why economic growth varies by country. By using macroeconomic indicators, students will complete analysis and determine comparative and absolute advantage in different product categories for each country’s economy.\u00a0
\nAssignment Steps\u00a0
\nResources: Tutorial help on Excel\u00ae and Word functions can be found on the Microsoft\u00ae Office website. There are also additional tutorials via the web offering support for Office products.\u00a0
\nDevelop a minimum 400-word analysis of the international economy in which you do the following:\u00a0<\/p>\n
Research the country chosen below using resources such as the CIA World Fact Book, World Bank data, World Trade Organization (WTO), and the Federal Reserve Bank. Research each of your three chosen country’s economic, political, and cultural development:<\/p>\n
Australia<\/p>\n
Analyze measures of economic growth and of comparative and absolute advantage in international trade.
\nUse tables and\/or graphs to compare the following economic statistics\/indicators of your chosen country for the most recent year available and for 2009 (the trough of the last economic cycle):<\/p>\n
Country Real GDP
\nCountry CPI
\nCountry Real Exports
\nCountry Real Imports
\nCountry Unemployment Rate
\nCountry Industrial Production<\/p>\n
Discuss reasons why the economic growth of the three countries varies. How does international trade influence the strength of the economy worldwide?
\nDiscuss the following for each country:<\/p>\n
At least two products that have provided the country an absolute advantage in trade (if any).
\nAt least two products that have provided the country a comparative advantage in trade.
\nFactors that might have prevented any of your three chosen countries from achieving absolute and\/or comparative advantages.<\/p>\n
Cite a minimum of three peer-reviewed sources.\u00a0
\nFormat the assignment consistent with APA guidelines.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
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