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Sample Assignment on Economics (pdf)

   

Added on  2021-04-16

11 Pages2433 Words727 Views
Languages and CultureEconomicsPolitical Science
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Running head: ECONOMICS ASSIGNMENTEconomics assignmentName of the studentName of the AssignmentAuthor note
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1ECONOMICS ASSIGNMENTTable of ContentsIntroduction:....................................................................................................................................2Analysis of the selected article:.......................................................................................................2Theoretical economic concepts utilised in the selected article:.......................................................4Governmental policies to control the situation:...............................................................................5Economic discrepancies of the selected article:..............................................................................6Conclusion:......................................................................................................................................7Reference:........................................................................................................................................8
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2ECONOMICS ASSIGNMENTIntroduction:Malaysia is one of the developed nations, which has been facing serious issues with itseconomic development through last three decades (Diamond 2015). Various issues like oil priceshock, fall in Foreign Direct Investment (FDI) has affected the country’s economic growth(Akalpler and Duhok 2018). Though the successive government programs have effectivelyconstrained the inflation below 2.08% level, the country has been facing negative growth since1985 (Park and Yoo 2014). Post Global Financial Crisis (GFC) country’s economy has beenstruggling hard to increase its growth rate, however, it has failed to do so. This report is meant toanalyse an economic journal “Does monetary policy affect economic growth: evidence fromMalaysia: published in emerald insight, on March of 2017in order to understand usage of variouseconomic tools in real life scenario. The report will consider how well economic theories likedemand and supply scarcity, comparative advantage and elasticity affect the economicperformance of an economy. In addition to this under the purview of the various economic tools,the report will portray economic growth status of the Malaysian economy. Analysis of the selected article:According to the Ergin Akalpler, the selected paper has been primarily developed to tracethe relationship between the economic growth and monetary policy under the purview of thedeveloping economy. In addition to this, selected business article has provided focus on relationbetween the inflation, interest rates, supply of money and Gross Domestic Product (GDP). Thearticle has considered the case of Malaysia to check the above mentioned relationships throughutilising the various quantitative and qualitative measurements (Akalpler and Duhok 2018).Moreover, utilising the growth of computer software and least square estimations, the report hasinvestigated the connection and significance level between the selected variables. From the
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3ECONOMICS ASSIGNMENTanalysis the report has showcased that there is a positive relationship between the economicgrowth and factors like money supply, inflation, and interest rate. The report has also showcasedthat if there is 1% change in the inflation rate, then it lead to increase in economic growth by77% (Akalpler and Duhok 2018). On the other hand, rise in money supply and interest also has apositive effect on the economic growth, which has been quantified through the low coefficient ofleast square method estimation. 0.02 being a lower coefficient highlights that a small change inthe selected variables can lead to a major change in the economic growth due to higher elasticityof the variables (Bhattacharya et al. 2016). Figure 1: Malaysian growth and FDISource: (Fadhil and Almsafir 2015)Lastly, the report also portrays that Malaysia has been facing reduced economic growth due totheir lower inflation rate, fall in money supply and production of higher labour intensive goodsand service (Mohamed et al. 2017). In addition to this, from figure 1, it can be seen that countryhas been facing lower flow of FDI, which has been also promoting lower economic growth ofthe country. Considering this it can be stated that it is one of the best suited article for thisbusiness report. It helps to grow familiarity with the demand-supply, scarcity, elasticity, inflation
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