Macro Economics Group Project
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Added on 2019-09-16
Macro Economics Group Project
Added on 2019-09-16
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MACROECONOMICS GROUP PROJECTCONTENT______________________________________________________________________________ARTICLE 1 : Singapore’s Economic Growth Slows Sharply to 0.6% in Q33Introduction5Definitions and Concepts6AnalysisAggregate Expenditure8Aggregate Demand and Aggregate Supply10Fiscal Policy12Conclusion13ARTICLE 2 : Real World Shows Economies Has a Deflation Problem14Introduction17Definitions and Concepts18AnalysisInterest Rates 19Inflation / Deflation20Government Spending22Unemployment 23Conclusion25-----------------------------------------------------------------------------------------------------------------------------------Reference list26Page 2 of 26Project Group Members:Neville Derek AugustineNur Azzira Ashikin Binte KasimChan Kah YeeAmethyst Teo Min QiNehal Elsayed Mohamed Ali Abdelrahman Chan Oh Ching
MACROECONOMICS GROUP PROJECTPage 3 of 26Project Group Members:Neville Derek AugustineNur Azzira Ashikin Binte KasimChan Kah YeeAmethyst Teo Min QiNehal Elsayed Mohamed Ali Abdelrahman Chan Oh Ching
MACROECONOMICS GROUP PROJECTPage 4 of 26Project Group Members:Neville Derek AugustineNur Azzira Ashikin Binte KasimChan Kah YeeAmethyst Teo Min QiNehal Elsayed Mohamed Ali Abdelrahman Chan Oh Ching
MACROECONOMICS GROUP PROJECTINTRODUCTIONArticle: Singapore’s Economic Growth slows sharply to 0.6% in Q3It was reported that Singapore GDP have declining to 0.6% in Q3 FY2016, in comparison to 1.8%in Q3 the previous year. It was significantly weaker, if not the weakest growth in seven years thanthe predicted rate of 1.7% forecast by the economists surveyed.Reasons contributing to a slower Singapore economic growth are;manufacturers decline in output;contraction in private sector construction and;continuous drop in service segment from beginning of the year.The continuous decline of services segment, also the largest sector of the economy, has provenrecession is ingrained in Singapore’s economy. Additionally with weak indicators from the externalenvironment growth, we are likely to face minimal growth rate in 2017. (Husna, 2016)Page 5 of 26Project Group Members:Neville Derek AugustineNur Azzira Ashikin Binte KasimChan Kah YeeAmethyst Teo Min QiNehal Elsayed Mohamed Ali Abdelrahman Chan Oh Ching
MACROECONOMICS GROUP PROJECTDEFINITIONS AND CONCEPTSGross Domestic Product (GDP) – is the total market value of all final goods and servicesproduced within the borders of a nation during a given period.GDP growth rate – refers to the growth of economic and measures real GDP.Real GDP – is a measurement of final goods and services using the base year price, aboutthe total output and supply of an economy.Aggregate Expenditure (AE) – measures the value of all of the final goods and servicesthat existing in a country.Aggregate Demand (AD) – measures the sum of all final goods and services produced inan economy, expressed as the total amount of money exchanged for those goods andservices, representation of total output at a given price level. Aggregate Supply (AS) – refers to the total output provided in the economic year.Short-Run Aggregate Supply (SRAS) – is the relationship between the quantity of realGDP supplied and the price level when the money wage rate, and prices of other resourcesremain constant. Movement along the SRAS curve is caused by changes in the price level.A change in input prices, either domestic or imported resource prices, will impact aggregatesupply, hence shift the SRAS curve.Long-Run Aggregate Supply (LRAS) – is the relationship between the quantity of realGDP supplied and the price level at full employment. Movement along the LRAS curve iscaused by changes in the price level.Deflation – refers to the fall of the price level.Page 6 of 26Project Group Members:Neville Derek AugustineNur Azzira Ashikin Binte KasimChan Kah YeeAmethyst Teo Min QiNehal Elsayed Mohamed Ali Abdelrahman Chan Oh Ching
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