Business Economics

Learning Outcome 1: To demonstrate an understanding of key macroeconomic concepts with respect to organizations.

Learning Outcome 2: Critically evaluate macroeconomic policy issues and appraise emerging national level issues in trade and analyse a county's performance.

Assignment Objective

A critical analysis of Macroeconomic concepts and evaluate macroeconomic policy issues and appraise emerging national level issues in trade with respect to Asian Tigers' Economic Journey towards Growth and Development (Case Study)

1) Tasks (Up to 100 Marks)

The Asian Tigers and Economic Growth Lessons

Answer The Following Questions :

Question 1

Explain the differences and similarities between economic growth and economic development, highlighting the aspects indicating Asian Tigers development with appropriate illustrations from the case context .

Question 2

Discuss the Gross Domestic Product (GDP), highlighting the components and methods of calculating GDP. (30 marks)

Question 3

Discuss the Free Market Economic Policy, highlighting the extent to which the Asian Tigers have benefited from Economic freedom of their countries in a bid to attain a high export drive.

Explain with suitable diagrams wherever required. Diagrams must be drawn using suitable software or by pencil.

Each student has to do the assignment individually / Students have to do the assignment collaboratively and each student should write a brief reflection on their contribution and learnings from group work.

Need want sources and references to be added in APA format.